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402.20000000000005 m 542.5 402.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 382.20000000000005 m 355.5 382.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 369.20000000000005 m 355.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 382.20000000000005 m 443.5 382.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 369.20000000000005 m 443.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 382.20000000000005 m 454.5 382.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 369.20000000000005 m 454.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 382.20000000000005 m 542.5 382.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 369.20000000000005 m 542.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 369.20000000000005 m 443.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 369.20000000000005 m 542.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 187.20000000000005 m 355.5 187.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 187.20000000000005 m 443.5 187.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 187.20000000000005 m 454.5 187.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 187.20000000000005 m 542.5 187.20000000000005 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 57.00 525.95 Td (\(thousands of dollars, except per share and other data\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.25 525.95 Td (March 31, 2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.45 525.95 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 511.95 Td (Total assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 511.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.80 511.95 Td (7,785,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 511.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.10 511.95 Td (7,596,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 498.95 Td (E) Tj ET Q q 0 0 0 rg BT 61.26 498.95 Td (quity mark) Tj ET Q q 0 0 0 rg BT 100.35 498.95 Td (e) Tj ET Q q 0 0 0 rg BT 104.78 498.95 Td (t c) Tj ET Q q 0 0 0 rg BT 113.56 498.95 Td (apit) Tj ET Q q 0 0 0 rg BT 127.57 498.95 Td (aliz) Tj ET Q q 0 0 0 rg BT 139.42 498.95 Td (a) Tj ET Q q 0 0 0 rg BT 143.64 498.95 Td (tion ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 160.23 503.24 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 498.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.80 498.95 Td (3,671,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 498.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.10 498.95 Td (3,690,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 485.95 Td (Total enterprise value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 485.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.80 485.95 Td (7,485,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 485.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.10 485.95 Td (7,319,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 472.95 Td (Number of properties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.70 472.95 Td (164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.85 472.95 Td (164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 459.95 Td (Gross leasable area \(square feet\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.25 459.95 Td (24,525,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 459.95 Td (24,462,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 446.95 Td (Deb) Tj ET Q q 0 0 0 rg BT 71.70 446.95 Td (t t) Tj ET Q q 0 0 0 rg BT 79.68 446.95 Td (o t) Tj ET Q q 0 0 0 rg BT 89.39 446.95 Td (ot) Tj ET Q q 0 0 0 rg BT 97.04 446.95 Td (al asse) Tj ET Q q 0 0 0 rg BT 121.23 446.95 Td (ts ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 129.80 451.24 Td (\(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.30 446.95 Td (43.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.40 446.95 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.55 446.95 Td (42.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 446.95 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 433.95 Td (Deb) Tj ET Q q 0 0 0 rg BT 71.70 433.95 Td (t t) Tj ET Q q 0 0 0 rg BT 79.68 433.95 Td (o t) Tj ET Q q 0 0 0 rg BT 89.39 433.95 Td (ot) Tj ET Q q 0 0 0 rg BT 97.04 433.95 Td (al mark) Tj ET Q q 0 0 0 rg BT 123.89 433.95 Td (e) Tj ET Q q 0 0 0 rg BT 128.32 433.95 Td (t c) Tj ET Q q 0 0 0 rg BT 137.10 433.95 Td (apit) Tj ET Q q 0 0 0 rg BT 151.11 433.95 Td (aliz) Tj ET Q q 0 0 0 rg BT 162.96 433.95 Td (a) Tj ET Q q 0 0 0 rg BT 167.18 433.95 Td (tion ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 183.77 438.24 Td (\(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.30 433.95 Td (45.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.40 433.95 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.55 433.95 Td (44.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 433.95 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 420.95 Td (Common shares outstanding \(in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.70 420.95 Td (209,150) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.90 420.95 Td (208,356) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 406.95 Td (Quarterly dividends per common share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.30 407.95 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.55 407.95 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 386.95 Td (Three months ended March 31) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 57.00 372.95 Td (\(thousands of dollars, except per share and other data\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.75 372.95 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.75 372.95 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 359.95 Td (Pr) Tj ET Q q 0 0 0 rg BT 64.64 359.95 Td (operty r) Tj ET Q q 0 0 0 rg BT 93.87 359.95 Td (en) Tj ET Q q 0 0 0 rg BT 103.00 359.95 Td (t) Tj ET Q q 0 0 0 rg BT 105.90 359.95 Td (al r) Tj ET Q q 0 0 0 rg BT 117.33 359.95 Td (e) Tj ET Q q 0 0 0 rg BT 121.77 359.95 Td (v) Tj ET Q q 0 0 0 rg BT 125.74 359.95 Td (enue ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 146.19 364.24 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 359.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.70 359.95 Td (164,041) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 359.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.90 359.95 Td (158,893) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 346.95 Td (Ne) Tj ET Q q 0 0 0 rg BT 67.24 346.95 Td (t oper) Tj ET Q q 0 0 0 rg BT 89.19 346.95 Td (a) Tj ET Q q 0 0 0 rg BT 93.42 346.95 Td (ting inc) Tj ET Q q 0 0 0 rg BT 120.03 346.95 Td (ome \(NOI\) ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 167.54 351.24 Td (\(3\) \(4\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 346.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 346.95 Td (99,373) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 346.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 346.95 Td (98,479) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 333.95 Td (Funds fr) Tj ET Q q 0 0 0 rg BT 86.61 333.95 Td (om Oper) Tj ET Q q 0 0 0 rg BT 118.70 333.95 Td (a) Tj ET Q q 0 0 0 rg BT 122.93 333.95 Td (tions \(FF) Tj ET Q q 0 0 0 rg BT 157.73 333.95 Td (O) Tj ET Q q 0 0 0 rg BT 163.74 333.95 Td (\) ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 172.27 338.24 Td (\(4\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 320.95 Td (FFO) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 320.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 320.95 Td (53,461) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 320.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 320.95 Td (52,879) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 307.95 Td (FFO per diluted share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 307.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.30 307.95 Td (0.26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 307.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.55 307.95 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 294.95 Td (FFO payout ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.30 294.95 Td (82.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.40 294.95 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.55 294.95 Td (82.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 294.95 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 281.95 Td (FFO excluding other gains \(losses\) and \(expenses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 281.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 281.95 Td (52,073) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 281.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 281.95 Td (51,886) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 268.95 Td (FFO per diluted share excluding other gains \(losses\) and \(expenses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 268.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.30 268.95 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 268.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.55 268.95 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 255.95 Td (Adjus) Tj ET Q q 0 0 0 rg BT 77.24 255.95 Td (t) Tj ET Q q 0 0 0 rg BT 80.15 255.95 Td (ed Funds fr) Tj ET Q q 0 0 0 rg BT 121.01 255.95 Td (om Oper) Tj ET Q q 0 0 0 rg BT 153.10 255.95 Td (a) Tj ET Q q 0 0 0 rg BT 157.33 255.95 Td (tions \() Tj ET Q q 0 0 0 rg BT 183.18 255.95 Td (AFF) Tj ET Q q 0 0 0 rg BT 196.57 255.95 Td (O) Tj ET Q q 0 0 0 rg BT 202.59 255.95 Td (\) ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 211.12 260.24 Td (\(4\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 242.95 Td (AFFO) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 242.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 242.95 Td (53,978) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 242.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 242.95 Td (54,252) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 229.95 Td (AFFO per diluted share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 229.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.30 229.95 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 229.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.55 229.95 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 216.95 Td (AFFO payout ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.30 216.95 Td (88.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.40 216.95 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.55 216.95 Td (86.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 216.95 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 203.95 Td (AFFO excluding other gains \(losses\) and \(expenses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 203.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.25 203.95 Td (53,495) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 203.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 203.95 Td (52,145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 190.95 Td (AFFO per diluted share excluding other gains \(losses\) and \(expenses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 190.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.30 190.95 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.00 190.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.55 190.95 Td (0.23) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 178.89 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 62.15 175.55 Td (E) Tj ET Q q 0 0 0 rg BT 65.46 175.55 Td (quity mark) Tj ET Q q 0 0 0 rg BT 95.86 175.55 Td (e) Tj ET Q q 0 0 0 rg BT 99.31 175.55 Td (t c) Tj ET Q q 0 0 0 rg BT 106.14 175.55 Td (apit) Tj ET Q q 0 0 0 rg BT 117.04 175.55 Td (aliz) Tj ET Q q 0 0 0 rg BT 126.25 175.55 Td (a) Tj ET Q q 0 0 0 rg BT 129.54 175.55 Td (tion includes the mark) Tj ET Q q 0 0 0 rg BT 192.88 175.55 Td (e) Tj ET Q q 0 0 0 rg BT 196.33 175.55 Td (t v) Tj ET Q q 0 0 0 rg BT 203.31 175.55 Td (alue of c) Tj ET Q q 0 0 0 rg BT 227.33 175.55 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 263.27 175.55 Td (es.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 166.69 Td (\(2\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 163.35 Td ( ) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.23 163.35 Td (Calcula) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.45 163.35 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.72 163.35 Td (ed with all join) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.42 163.35 Td (t v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.44 163.35 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.53 163.35 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.90 163.35 Td (es pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.71 163.35 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.82 163.35 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.09 163.35 Td (ely c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.83 163.35 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.81 163.35 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.08 163.35 Td (ed and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.01 163.35 Td (ash balances r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.15 163.35 Td (educing deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.91 163.35 Td (t.) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 155.29 Td (\(3\) ) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.18 151.95 Td (Includes the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.03 151.95 Td (y's shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.18 151.95 Td (e of pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.66 151.95 Td (operty r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.39 151.95 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.49 151.95 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.75 151.95 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.64 151.95 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.09 151.95 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.18 151.95 Td (enue and NOI r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.22 151.95 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.60 151.95 Td (ting t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.38 151.95 Td (o its join) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.51 151.95 Td (t v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.54 151.95 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.63 151.95 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.00 151.95 Td (e acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.28 151.95 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.26 151.95 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.53 151.95 Td (ed f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 361.27 151.95 Td (or on the equity basis in the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.43 151.95 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.70 151.95 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.30 151.95 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.28 151.95 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.55 151.95 Td (ed financial ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 143.55 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.66 143.55 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.92 143.55 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.21 143.55 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.48 143.55 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.65 143.55 Td (ts. 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Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 135.49 Td (\(4\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 62.15 132.15 Td (Ne) Tj ET Q q 0 0 0 rg BT 70.11 132.15 Td (t Oper) Tj ET Q q 0 0 0 rg BT 88.13 132.15 Td (a) Tj ET Q q 0 0 0 rg BT 91.42 132.15 Td (ting Inc) Tj ET Q q 0 0 0 rg BT 112.27 132.15 Td (ome \(NOI\), Funds fr) Tj ET Q q 0 0 0 rg BT 174.00 132.15 Td (om Oper) Tj ET Q q 0 0 0 rg BT 198.96 132.15 Td (a) Tj ET Q q 0 0 0 rg BT 202.25 132.15 Td (tions \(FF) Tj ET Q q 0 0 0 rg BT 229.31 132.15 Td (O) Tj ET Q q 0 0 0 rg BT 233.99 132.15 Td (\) and Adjus) Tj ET Q q 0 0 0 rg BT 268.65 132.15 Td (t) Tj ET Q q 0 0 0 rg BT 270.92 132.15 Td (ed Funds fr) Tj ET Q q 0 0 0 rg BT 302.70 132.15 Td (om Oper) Tj ET Q q 0 0 0 rg BT 327.66 132.15 Td (a) Tj ET Q q 0 0 0 rg BT 330.95 132.15 Td (tions \() Tj ET Q q 0 0 0 rg BT 351.05 132.15 Td (AFF) Tj ET Q q 0 0 0 rg BT 361.47 132.15 Td (O) Tj ET Q q 0 0 0 rg BT 366.15 132.15 Td (\) ar) Tj ET Q q 0 0 0 rg BT 378.48 132.15 Td (e measur) Tj ET Q q 0 0 0 rg BT 404.74 132.15 Td (es of oper) Tj ET Q q 0 0 0 rg BT 433.10 132.15 Td (a) Tj ET Q q 0 0 0 rg BT 436.39 132.15 Td (ting perf) Tj ET Q q 0 0 0 rg BT 460.49 132.15 Td (ormance tha) Tj ET Q q 0 0 0 rg BT 496.58 132.15 Td (t ar) Tj ET Q q 0 0 0 rg BT 506.21 132.15 Td (e not de) Tj ET Q q 0 0 0 rg BT 529.67 132.15 Td (fined ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 123.75 Td (b) Tj ET Q q 0 0 0 rg BT 66.64 123.75 Td (y In) Tj ET Q q 0 0 0 rg BT 76.77 123.75 Td (t) Tj ET Q q 0 0 0 rg BT 79.04 123.75 Td (erna) Tj ET Q q 0 0 0 rg BT 91.93 123.75 Td (tional Financial R) Tj ET Q q 0 0 0 rg BT 140.11 123.75 Td (eporting St) Tj ET Q q 0 0 0 rg BT 171.38 123.75 Td (andar) Tj ET Q q 0 0 0 rg BT 187.79 123.75 Td (ds \(IFR) Tj ET Q q 0 0 0 rg BT 209.53 123.75 Td (S) Tj ET Q q 0 0 0 rg BT 212.70 123.75 Td (\). 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0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 672.00 Td (This Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.60 672.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.70 672.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.40 672.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.28 672.00 Td (s Discussion and Analy) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.32 672.00 Td (sis \(MD&A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.84 672.00 Td (\) of the financial position and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.34 672.00 Td (esults of oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.67 672.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.36 672.00 Td (tions f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.55 672.00 Td (or Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.77 672.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.57 672.00 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 532.08 672.00 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 660.00 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 660.00 Td (ealty Inc. \(Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.66 660.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.46 660.00 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.97 660.00 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.57 660.00 Td (ealty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.81 660.00 Td ( or the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.00 660.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.83 660.00 Td (\) is in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.23 660.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.47 660.00 Td (ended t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.70 660.00 Td (o pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.81 660.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.04 660.00 Td (vide r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.70 660.00 Td (eader) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 384.01 660.00 Td (s with an assessmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.33 660.00 Td (t of perf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.08 660.00 Td (ormance ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 648.00 Td (and summariz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.00 648.00 Td (e the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.43 648.00 Td (esults of oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.75 648.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.45 648.00 Td (tions and financial position f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.88 648.00 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.74 648.00 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.69 648.00 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.33 648.00 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.76 648.00 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.67 648.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.49 648.00 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.76 648.00 Td (. It ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 636.00 Td (should be r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.35 636.00 Td (ead in c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.58 636.00 Td (onjunction with the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.52 636.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.35 636.00 Td () Tj ET Q BT /F3 8.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.85 636.00 Td (s) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.17 636.00 Td ( annual c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.48 636.00 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.73 636.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.97 636.00 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.77 636.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.00 636.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.70 636.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.94 636.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.04 636.00 Td (ts f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.41 636.00 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.27 636.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.67 636.00 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.75 636.00 Td (s ended ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 624.00 Td (December 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.46 624.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.28 624.00 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.56 624.00 Td ( c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.96 624.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.40 624.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.62 624.00 Td (ained in the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.81 624.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.64 624.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.52 624.00 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.69 624.00 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.97 624.00 Td ( Annual R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.38 624.00 Td (eport. Additional in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.10 624.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.94 624.00 Td (orma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.38 624.00 Td (tion, including the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 612.00 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.71 612.00 Td (y's ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.61 612.00 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.88 612.00 Td ( Annual R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.29 612.00 Td (eport and curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.77 612.00 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.91 612.00 Td (t Annual In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.13 612.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.97 612.00 Td (orma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.42 612.00 Td (tion F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.31 612.00 Td (orm, is a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.90 612.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.27 612.00 Td (ailable on the SED) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.34 612.00 Td (AR w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.88 612.00 Td (eb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.06 612.00 Td (sit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.50 612.00 Td (e a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.44 612.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 600.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.19 600.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.38 600.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.88 600.00 Td (.sedar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.82 600.00 Td (.c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.49 600.00 Td (om) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.75 600.00 Td ( and on the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.90 600.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.73 600.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.62 600.00 Td (s w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.85 600.00 Td (eb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.03 600.00 Td (sit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.48 600.00 Td (e a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.41 600.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.02 600.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.21 600.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.40 600.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.91 600.00 Td (.) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.24 600.00 Td (fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.90 600.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.70 600.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.92 600.00 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.07 600.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.64 600.00 Td (alr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.08 600.00 Td (ealty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.35 600.00 Td (.c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.02 600.00 Td (a.) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 582.00 Td (All amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.10 582.00 Td (ts ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.77 582.00 Td (e in Canadian dollar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.06 582.00 Td (s, unless other) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.98 582.00 Td (wise not) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.34 582.00 Td (ed. His) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.68 582.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.93 582.00 Td (oric) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.13 582.00 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.83 582.00 Td (esults and per) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.92 582.00 Td (cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.28 582.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.51 582.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.92 582.00 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.51 582.00 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.48 582.00 Td (tionship) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.32 582.00 Td (s c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.63 582.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.07 582.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.30 582.00 Td (ained in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 570.00 Td (the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.55 570.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.38 570.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.26 570.00 Td (s in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.89 570.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.13 570.00 Td (erim and annual c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.74 570.00 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.99 570.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.23 570.00 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.04 570.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.26 570.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.96 570.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.20 570.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.30 570.00 Td (ts and MD&A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.77 570.00 Td (, including tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.32 570.00 Td (ends which migh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.57 570.00 Td (t appear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.87 570.00 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 558.00 Td (should not be t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.36 558.00 Td (ak) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.37 558.00 Td (en as indic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.07 558.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.76 558.00 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.83 558.00 Td (e of its futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.73 558.00 Td (e oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.75 558.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.45 558.00 Td (tions. The in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.17 558.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.01 558.00 Td (orma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.46 558.00 Td (tion c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.03 558.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.47 558.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.70 558.00 Td (ained in this MD&A is based on ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 546.00 Td (in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.49 546.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.33 546.00 Td (orma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.78 546.00 Td (tion a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.83 546.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.20 546.00 Td (ailable t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.41 546.00 Td (o Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.95 546.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.05 546.00 Td (t, and is da) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.14 546.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.38 546.00 Td (ed as of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.42 546.00 Td (Ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.57 546.00 Td (y5, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.46 546.00 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 528.00 Td (Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.21 528.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.00 528.00 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.51 528.00 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.11 528.00 Td (ealty w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.35 528.00 Td (as inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.00 528.00 Td (orpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.57 528.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.27 528.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.51 528.00 Td (ed in No) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.49 528.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.91 528.00 Td (ember 1993 and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.09 528.00 Td (onducts its business dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.62 528.00 Td (ectly and thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.75 528.00 Td (ough sub) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.87 528.00 Td (sidiaries.) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 491.65 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 60.32 491.65 Td (OR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.57 491.65 Td (W) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.60 491.65 Td (ARD-L) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.75 491.65 Td (OOKING S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.86 491.65 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.70 491.65 Td (A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.08 491.65 Td (TEMENT AD) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.33 491.65 Td (VISOR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.05 491.65 Td (Y) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 473.65 Td (Cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.64 473.65 Td (ain s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.26 473.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.47 473.65 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.86 473.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.36 473.65 Td (ts c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.94 473.65 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.12 473.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.33 473.65 Td (ained in the Business Over) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.52 473.65 Td (vie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.99 473.65 Td (w and Strat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.77 473.65 Td (egy) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.45 473.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.67 473.65 Td (, ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.52 473.65 Td (Outlook and Curren) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.64 473.65 Td (t Business E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.78 473.65 Td (n) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.75 473.65 Td (vironmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.93 473.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 518.63 473.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.84 473.65 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 461.65 Td (Business and Operations R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.95 461.65 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.66 461.65 Td (vie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.13 461.65 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.57 461.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.78 461.65 Td (, R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.98 461.65 Td (esults of Operations) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.08 461.65 Td (, Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.04 461.65 Td (al Structure and Liquidity) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.61 461.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.82 461.65 Td (, Summar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.87 461.65 Td (y of Signific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 513.88 461.65 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.07 461.65 Td (t ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 449.65 Td (Ac) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.86 449.65 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.94 449.65 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.25 449.65 Td (ting Es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.10 449.65 Td (timat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.04 449.65 Td (es and P) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.62 449.65 Td (olicies and Con) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.18 449.65 Td (trols and Proc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.04 449.65 Td (edures sections of this MD&A c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.57 449.65 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.62 449.65 Td (titut) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.00 449.65 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.97 449.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.58 449.65 Td (ward-looking ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 437.65 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.78 437.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 60.99 437.65 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.38 437.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.88 437.65 Td (ts. Other s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.18 437.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.40 437.65 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.78 437.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.29 437.65 Td (ts c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.87 437.65 Td (onc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.24 437.65 Td (erning Firs) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.52 437.65 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.14 437.65 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.09 437.65 Td (ealty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.42 437.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.36 437.65 Td (s objectives and s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.61 437.65 Td (trat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.77 437.65 Td (egies and Managemen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.21 437.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.91 437.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.84 437.65 Td (s belie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.27 437.65 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 513.28 437.65 Td (s, plans, ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 425.65 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.55 425.65 Td (timat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.49 425.65 Td (es and in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.45 425.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.69 425.65 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.51 425.65 Td (tions also c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.38 425.65 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.43 425.65 Td (titut) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.81 425.65 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.77 425.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.38 425.65 Td (ward-looking s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.02 425.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.24 425.65 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.62 425.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.13 425.65 Td (ts. F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.59 425.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.20 425.65 Td (ward-looking s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.85 425.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.06 425.65 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.44 425.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.95 425.65 Td (ts c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.55 425.65 Td (an generally be ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 413.65 Td (iden) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.26 413.65 Td (tified b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.52 413.65 Td (y the e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.35 413.65 Td (xpressions ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.41 413.65 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.59 413.65 Td (ticipat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.22 413.65 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.20 413.65 Td (, belie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.36 413.65 Td (ve) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.81 413.65 Td (, ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.69 413.65 Td (plan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.62 413.65 Td (, ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.26 413.65 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.81 413.65 Td (timat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.75 413.65 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.74 413.65 Td (, ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.62 413.65 Td (project) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.35 413.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.56 413.65 Td (, ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.19 413.65 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.76 413.65 Td (xpect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.87 413.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.08 413.65 Td (, in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.36 413.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.60 413.65 Td (end) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.87 413.65 Td (, ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.50 413.65 Td (outlook) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.45 413.65 Td (, ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.08 413.65 Td (objective) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 543.77 413.65 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 401.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.13 401.65 Td (may) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.95 401.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.16 401.65 Td (, will) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.35 401.65 Td (, ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.12 401.65 Td (should) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.08 401.65 Td (, ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.70 401.65 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.78 401.65 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.95 401.65 Td (tinue and similar e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.88 401.65 Td (xpressions. The f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.56 401.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.17 401.65 Td (ward-looking s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.81 401.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 384.02 401.65 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.41 401.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.91 401.65 Td (ts are not his) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.12 401.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.35 401.65 Td (oric) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.30 401.65 Td (al f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.93 401.65 Td (acts but, ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 389.65 Td (rather) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.51 389.65 Td (, re) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.46 389.65 Td (flect the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.39 389.65 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.16 389.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.10 389.65 Td (s curren) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.22 389.65 Td (t e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.41 389.65 Td (xpect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.03 389.65 Td (ations regarding future results or e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.85 389.65 Td (ven) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.12 389.65 Td (ts and are based on inf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.17 389.65 Td (ormation ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 377.65 Td (curren) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.98 377.65 Td (tly available t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.53 377.65 Td (o Managemen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.54 377.65 Td (t. Cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.32 377.65 Td (ain mat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.45 377.65 Td (erial f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.57 377.65 Td (act) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.10 377.65 Td (ors and assump) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.58 377.65 Td (tions were applied in pro) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.58 377.65 Td (viding these f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.44 377.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.05 377.65 Td (ward-) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 365.65 Td (looking s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.72 365.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.94 365.65 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.32 365.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.82 365.65 Td (ts. F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.29 365.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.90 365.65 Td (ward-looking inf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.13 365.65 Td (ormation in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.18 365.65 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.60 365.65 Td (olves numerous assump) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.31 365.65 Td (tions such as ren) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.51 365.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.73 365.65 Td (al inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.94 365.65 Td (ome \(including ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 353.65 Td (assump) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.07 353.65 Td (tions on timing of lease-up, de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.35 353.65 Td (velopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.88 353.65 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.57 353.65 Td (oming on line and le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.44 353.65 Td (vels of perc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 384.01 353.65 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.83 353.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.04 353.65 Td (age ren) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.61 353.65 Td (t\), in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.08 353.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.33 353.65 Td (eres) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.08 353.65 Td (t rat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.51 353.65 Td (es, t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.17 353.65 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.27 353.65 Td (t ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 341.65 Td (de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.91 341.65 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.84 341.65 Td (aults, borro) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.62 341.65 Td (wing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.69 341.65 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.60 341.65 Td (ts \(including the underlying in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.25 341.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.49 341.65 Td (eres) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.25 341.65 Td (t rat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.67 341.65 Td (es and credit spreads\), the general availability of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.50 341.65 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.29 341.65 Td (al ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 329.65 Td (and the s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.99 329.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.21 329.65 Td (ability of the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.52 329.65 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.32 329.65 Td (al mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.71 329.65 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.43 329.65 Td (ts, amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.79 329.65 Td (t of de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.70 329.65 Td (velopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.23 329.65 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.92 329.65 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.83 329.65 Td (ts, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.93 329.65 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.72 329.65 Td (al e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.98 329.65 Td (xpenditures, operating c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.04 329.65 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.95 329.65 Td (ts and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.21 329.65 Td (orporat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 541.86 329.65 Td (e ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 317.65 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.57 317.65 Td (xpenses, le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.28 317.65 Td (vel and timing of ac) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.83 317.65 Td (quisitions of inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.63 317.65 Td (ome-producing properties, number of shares outs) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.78 317.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.99 317.65 Td (anding and numerous ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 305.65 Td (other f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.02 305.65 Td (act) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.55 305.65 Td (ors. Moreo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.75 305.65 Td (ver) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.66 305.65 Td (, the assump) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.02 305.65 Td (tions underlying the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.36 305.65 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.13 305.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.07 305.65 Td (s f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.15 305.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.76 305.65 Td (ward-looking s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.40 305.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.62 305.65 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.00 305.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.50 305.65 Td (ts c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.08 305.65 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.26 305.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.47 305.65 Td (ained in the ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 516.55 305.65 Td (Outlook ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 293.65 Td (and Curren) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.73 293.65 Td (t Business E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.87 293.65 Td (n) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.83 293.65 Td (vironmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.01 293.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.71 293.65 Td ( section of this MD&A also include that c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.37 293.65 Td (onsumer demand will remain s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.59 293.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.80 293.65 Td (able, and ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 281.65 Td (demographic trends will c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.03 281.65 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.20 281.65 Td (tinue.) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 263.65 Td (Managemen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.62 263.65 Td (t belie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.45 263.65 Td (ves that the e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.18 263.65 Td (xpect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.80 263.65 Td (ations re) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.20 263.65 Td (flect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 259.73 263.65 Td (ed in f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.53 263.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.14 263.65 Td (ward-looking s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.78 263.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.00 263.65 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.38 263.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.89 263.65 Td (ts are based upon reasonable ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 251.65 Td (assump) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.07 251.65 Td (tions; ho) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.04 251.65 Td (we) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.91 251.65 Td (ver) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.81 251.65 Td (, Managemen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.19 251.65 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.90 251.65 Td (an give no assuranc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.78 251.65 Td (e that actual results will be c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.13 251.65 Td (onsis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.37 251.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.61 251.65 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.43 251.65 Td (t with these f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.36 251.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.97 251.65 Td (ward-) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 239.65 Td (looking s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.72 239.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.94 239.65 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.32 239.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.82 239.65 Td (ts. These f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.50 239.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.11 239.65 Td (ward-looking s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.75 239.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.96 239.65 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.35 239.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.85 239.65 Td (ts are subject t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.30 239.65 Td (o a number of risk) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.41 239.65 Td (s and unc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.62 239.65 Td (ert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.04 239.65 Td (ain) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.52 239.65 Td (ties that c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.41 239.65 Td (ould c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 525.48 239.65 Td (ause ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 227.65 Td (actual results or e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.06 227.65 Td (ven) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.33 227.65 Td (ts t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.06 227.65 Td (o dif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.97 227.65 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.86 227.65 Td (er mat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.62 227.65 Td (erially from curren) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.34 227.65 Td (t e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.52 227.65 Td (xpect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.14 227.65 Td (ations, including the mat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.71 227.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.95 227.65 Td (ers discussed in the Risk) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.38 227.65 Td (s and ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 215.65 Td (Unc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.65 215.65 Td (ert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.07 215.65 Td (ain) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.55 215.65 Td (ties section of this MD&A and the mat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.80 215.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.04 215.65 Td (ers discussed under Risk F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.94 215.65 Td (act) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.47 215.65 Td (ors in the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.10 215.65 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.87 215.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.81 215.65 Td (s curren) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.93 215.65 Td (t Annual ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 203.65 Td (Inf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.59 203.65 Td (ormation F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.82 203.65 Td (orm from time t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.16 203.65 Td (o time.) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 185.65 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.46 185.65 Td (act) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.99 185.65 Td (ors that c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.02 185.65 Td (ould c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.09 185.65 Td (ause actual results or e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.35 185.65 Td (ven) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.63 185.65 Td (ts t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.36 185.65 Td (o dif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.27 185.65 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.16 185.65 Td (er mat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.92 185.65 Td (erially from those e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.79 185.65 Td (xpressed, implied or project) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.12 185.65 Td (ed b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.39 185.65 Td (y ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 173.65 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.93 173.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.54 173.65 Td (ward-looking s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.18 173.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.39 173.65 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.78 173.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.28 173.65 Td (ts, in addition t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.10 173.65 Td (o those f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.98 173.65 Td (act) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.51 173.65 Td (ors re) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.41 173.65 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.31 173.65 Td (erenc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.52 173.65 Td (ed abo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.07 173.65 Td (ve, include, but are not limit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.19 173.65 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.59 173.65 Td (o: general ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 161.65 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.85 161.65 Td (onomic c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.96 161.65 Td (onditions; real property o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.53 161.65 Td (wnership; the availability of a ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.24 161.65 Td (w c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.73 161.65 Td (ompe) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.63 161.65 Td (titive supply of re) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.36 161.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.57 161.65 Td (ail properties which may ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 149.65 Td (bec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.99 149.65 Td (ome available either through c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.86 149.65 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.91 149.65 Td (truction, lease or sublease; Firs) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.71 149.65 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.33 149.65 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.29 149.65 Td (ealty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.62 149.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.55 149.65 Td (s ability t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.18 149.65 Td (o main) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 458.97 149.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.18 149.65 Td (ain oc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.22 149.65 Td (cupancy and t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 542.75 149.65 Td (o ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 137.65 Td (lease or re-lease spac) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.64 137.65 Td (e at curren) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.40 137.65 Td (t or an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.02 137.65 Td (ticipat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.64 137.65 Td (ed ren) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.07 137.65 Td (ts; repaymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.93 137.65 Td (t of indeb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.44 137.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.68 137.65 Td (edness and the availability of deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.81 137.65 Td (t and equity ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 125.65 Td (financing; changes in in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.14 125.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.38 125.65 Td (eres) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.14 125.65 Td (t rat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.56 125.65 Td (es and credit spreads; changes t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.81 125.65 Td (o credit ratings; t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.18 125.65 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.28 125.65 Td (t financial dif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 458.33 125.65 Td (ficulties; de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.43 125.65 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.36 125.65 Td (aults and ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 113.65 Td (bankrup) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.64 113.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.88 113.65 Td (cies; the relative illiquidity of real property; une) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.52 113.65 Td (xpect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.17 113.65 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.42 113.65 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.34 113.65 Td (ts or liabilities relat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.87 113.65 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.28 113.65 Td (o ac) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.91 113.65 Td (quisitions, de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.09 113.65 Td (velopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.62 113.65 Td (t ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 101.65 Td (and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.76 101.65 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.82 101.65 Td (truction; increases in operating c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.09 101.65 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.00 101.65 Td (ts and property t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.53 101.65 Td (ax) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.80 101.65 Td (es; residen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.75 101.65 Td (tial de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.95 101.65 Td (velopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.48 101.65 Td (t, sales and leasing; c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.22 101.65 Td (omplianc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 538.38 101.65 Td (e ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 89.65 Td (with financial c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.20 89.65 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.28 89.65 Td (venan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.84 89.65 Td (ts; changes in go) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.60 89.65 Td (vernmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.14 89.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.35 89.65 Td (al regulation; en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.56 89.65 Td (vironmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.75 89.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.96 89.65 Td (al liability and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 422.26 89.65 Td (omplianc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.42 89.65 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.53 89.65 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.44 89.65 Td (ts; une) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 506.47 89.65 Td (xpect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 528.12 89.65 Td (ed ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 77.65 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.08 77.65 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.99 77.65 Td (ts or liabilities relat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.52 77.65 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.93 77.65 Td (o dispositions; challenges associat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.77 77.65 Td (ed with the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.01 77.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.25 77.65 Td (egration of ac) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.60 77.65 Td (quisitions in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.77 77.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.00 77.65 Td (o the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.43 77.65 Td (y; ) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (5) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (uninsured losses and Firs) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.28 694.50 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.90 694.50 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.86 694.50 Td (ealty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.19 694.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.12 694.50 Td (s ability t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.75 694.50 Td (o ob) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.37 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.59 694.50 Td (ain insuranc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.70 694.50 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.82 694.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.90 694.50 Td (verage at a reasonable c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.24 694.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.15 694.50 Td (t; 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Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 640.50 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 640.50 Td (eaders, there) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.62 640.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.55 640.50 Td (ore, should not plac) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.21 640.50 Td (e undue relianc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.02 640.50 Td (e on an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.69 640.50 Td (y such f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.95 640.50 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.56 640.50 Td (ward-looking s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.20 640.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.41 640.50 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.80 640.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.30 640.50 Td (ts. F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.79 640.50 Td (urther) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.30 640.50 Td (, a f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.39 640.50 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.00 640.50 Td (ward-looking ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 628.50 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.78 628.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 60.99 628.50 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.38 628.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.88 628.50 Td (t speak) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.89 628.50 Td (s only as of the dat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.14 628.50 Td (e on which such s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.23 628.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.45 628.50 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.83 628.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.33 628.50 Td (t is made. Firs) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.24 628.50 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.87 628.50 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.82 628.50 Td (ealty undert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.96 628.50 Td (ak) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.31 628.50 Td (es no obligation t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.33 628.50 Td (o ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 616.50 Td (publicly updat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.01 616.50 Td (e an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.15 616.50 Td (y such s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.26 616.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.47 616.50 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.86 616.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.36 616.50 Td (t or t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.02 616.50 Td (o re) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.60 616.50 Td (flect ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.36 616.50 Td (w inf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.13 616.50 Td (ormation or the oc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.47 616.50 Td (currenc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.64 616.50 Td (e of future e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.98 616.50 Td (ven) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.26 616.50 Td (ts or circums) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.46 616.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.67 616.50 Td (anc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 516.05 616.50 Td (es ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 604.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.57 604.50 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.67 604.50 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.77 604.50 Td (ep) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.64 604.50 Td (t as required b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.03 604.50 Td (y applic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.87 604.50 Td (able securities law) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.87 604.50 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 586.50 Td (All f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.57 586.50 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.17 586.50 Td (ward-looking s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.82 586.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.03 586.50 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.42 586.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.92 586.50 Td (ts in this MD&A are made as of ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.20 586.50 Td (May5, 2014) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.72 586.50 Td ( and are qualified b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.91 586.50 Td (y these c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.93 586.50 Td (autionar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.76 586.50 Td (y ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 574.50 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.78 574.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 60.99 574.50 Td (at) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.38 574.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.88 574.50 Td (ts.) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 538.15 Td (BUSINE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.25 538.15 Td (SS O) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.88 538.15 Td (VER) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.70 538.15 Td (VIEW AND S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.57 538.15 Td (TRA) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.77 538.15 Td (TE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.32 538.15 Td (G) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.04 538.15 Td (Y) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 520.15 Td (Fir) Tj ET Q q 0 0 0 rg BT 64.21 520.15 Td (s) Tj ET Q q 0 0 0 rg BT 68.00 520.15 Td (t Capit) Tj ET Q q 0 0 0 rg BT 94.51 520.15 Td (al R) Tj ET Q q 0 0 0 rg BT 109.11 520.15 Td (ealty \(T) Tj ET Q q 0 0 0 rg BT 139.17 520.15 Td (S) Tj ET Q q 0 0 0 rg BT 143.70 520.15 Td (X:F) Tj ET Q q 0 0 0 rg BT 156.07 520.15 Td (CR\) is Canada) Tj ET Q q 0 0 0 rg BT 212.69 520.15 Td (s leading o) Tj ET Q q 0 0 0 rg BT 255.92 520.15 Td (wner) Tj ET Q q 0 0 0 rg BT 275.93 520.15 Td (, de) Tj ET Q q 0 0 0 rg BT 290.87 520.15 Td (v) Tj ET Q q 0 0 0 rg BT 295.28 520.15 Td (eloper and manag) Tj ET Q q 0 0 0 rg BT 368.81 520.15 Td (er of w) Tj ET Q q 0 0 0 rg BT 397.18 520.15 Td (ell-loc) Tj ET Q q 0 0 0 rg BT 421.52 520.15 Td (a) Tj ET Q q 0 0 0 rg BT 426.22 520.15 Td (t) Tj ET Q q 0 0 0 rg BT 429.46 520.15 Td (ed, high quality urban r) Tj ET Q q 0 0 0 rg BT 523.89 520.15 Td (e) Tj ET Q q 0 0 0 rg BT 528.81 520.15 Td (t) Tj ET Q q 0 0 0 rg BT 532.04 520.15 Td (ail-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 508.15 Td (cen) Tj ET Q q 0 0 0 rg BT 68.37 508.15 Td (t) Tj ET Q q 0 0 0 rg BT 71.61 508.15 Td (er) Tj ET Q q 0 0 0 rg BT 79.94 508.15 Td (ed pr) Tj ET Q q 0 0 0 rg BT 101.01 508.15 Td (operties wher) Tj ET Q q 0 0 0 rg BT 157.52 508.15 Td (e people liv) Tj ET Q q 0 0 0 rg BT 204.05 508.15 Td (e and shop f) Tj ET Q q 0 0 0 rg BT 253.64 508.15 Td (or e) Tj ET Q q 0 0 0 rg BT 269.59 508.15 Td (v) Tj ET Q q 0 0 0 rg BT 274.01 508.15 Td (er) Tj ET Q q 0 0 0 rg BT 282.52 508.15 Td (y) Tj ET Q q 0 0 0 rg BT 286.93 508.15 Td (da) Tj ET Q q 0 0 0 rg BT 296.79 508.15 Td (y lif) Tj ET Q q 0 0 0 rg BT 310.97 508.15 Td (e. As a) Tj ET Q q 0 0 0 rg BT 337.38 508.15 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.99 508.15 Td (Mar) Tj ET Q q 0 0 0 rg BT 359.67 508.15 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.58 508.15 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 460.88 508.15 Td (y o) Tj ET Q q 0 0 0 rg BT 472.91 508.15 Td (wned in) Tj ET Q q 0 0 0 rg BT 505.25 508.15 Td (t) Tj ET Q q 0 0 0 rg BT 508.50 508.15 Td (er) Tj ET Q q 0 0 0 rg BT 516.83 508.15 Td (es) Tj ET Q q 0 0 0 rg BT 525.60 508.15 Td (ts in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 496.15 Td (164) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 69.21 496.15 Td ( pr) Tj ET Q q 0 0 0 rg BT 80.04 496.15 Td (operties, including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 157.42 496.15 Td (one) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 172.92 496.15 Td ( gr) Tj ET Q q 0 0 0 rg BT 183.21 496.15 Td (ound-up de) Tj ET Q q 0 0 0 rg BT 230.26 496.15 Td (v) Tj ET Q q 0 0 0 rg BT 234.68 496.15 Td (elopmen) Tj ET Q q 0 0 0 rg BT 270.60 496.15 Td (t pr) Tj ET Q q 0 0 0 rg BT 284.79 496.15 Td (oject under) Tj ET Q q 0 0 0 rg BT 331.55 496.15 Td (w) Tj ET Q q 0 0 0 rg BT 338.58 496.15 Td (a) Tj ET Q q 0 0 0 rg BT 343.19 496.15 Td (y) Tj ET Q q 0 0 0 rg BT 347.00 496.15 Td (, t) Tj ET Q q 0 0 0 rg BT 355.01 496.15 Td (ot) Tj ET Q q 0 0 0 rg BT 363.51 496.15 Td (alling appr) Tj ET Q q 0 0 0 rg BT 406.03 496.15 Td (o) Tj ET Q q 0 0 0 rg BT 411.11 496.15 Td (xima) Tj ET Q q 0 0 0 rg BT 430.42 496.15 Td (t) Tj ET Q q 0 0 0 rg BT 433.66 496.15 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.72 496.15 Td (24.5 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.41 496.15 Td ( squar) Tj ET Q q 0 0 0 rg BT 520.23 496.15 Td (e f) Tj ET Q q 0 0 0 rg BT 530.27 496.15 Td (ee) Tj ET Q q 0 0 0 rg BT 540.17 496.15 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 484.15 Td (of gr) Tj ET Q q 0 0 0 rg BT 72.62 484.15 Td (oss leasable ar) Tj ET Q q 0 0 0 rg BT 131.67 484.15 Td (ea \() Tj ET Q q 0 0 0 rg BT 150.73 484.15 Td (GLA) Tj ET Q q 0 0 0 rg BT 166.65 484.15 Td (\) and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.69 484.15 Td (one) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 209.19 484.15 Td ( land sit) Tj ET Q q 0 0 0 rg BT 240.75 484.15 Td (e in the planning s) Tj ET Q q 0 0 0 rg BT 314.80 484.15 Td (t) Tj ET Q q 0 0 0 rg BT 318.03 484.15 Td (ag) Tj ET Q q 0 0 0 rg BT 327.44 484.15 Td (e f) Tj ET Q q 0 0 0 rg BT 337.52 484.15 Td (or futur) Tj ET Q q 0 0 0 rg BT 368.80 484.15 Td (e r) Tj ET Q q 0 0 0 rg BT 379.40 484.15 Td (e) Tj ET Q q 0 0 0 rg BT 384.32 484.15 Td (t) Tj ET Q q 0 0 0 rg BT 387.54 484.15 Td (ail de) Tj ET Q q 0 0 0 rg BT 409.37 484.15 Td (v) Tj ET Q q 0 0 0 rg BT 413.79 484.15 Td (elopmen) Tj ET Q q 0 0 0 rg BT 449.71 484.15 Td (t.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 466.15 Td (Fir) Tj ET Q q 0 0 0 rg BT 64.21 466.15 Td (s) Tj ET Q q 0 0 0 rg BT 68.00 466.15 Td (t Capit) Tj ET Q q 0 0 0 rg BT 94.51 466.15 Td (al R) Tj ET Q q 0 0 0 rg BT 109.11 466.15 Td (ealty) Tj ET Q q 0 0 0 rg BT 129.35 466.15 Td () Tj ET Q q 0 0 0 rg BT 131.24 466.15 Td (s primar) Tj ET Q q 0 0 0 rg BT 164.76 466.15 Td (y s) Tj ET Q q 0 0 0 rg BT 175.34 466.15 Td (tr) Tj ET Q q 0 0 0 rg BT 181.97 466.15 Td (a) Tj ET Q q 0 0 0 rg BT 186.67 466.15 Td (t) Tj ET Q q 0 0 0 rg BT 189.91 466.15 Td (egy is the cr) Tj ET Q q 0 0 0 rg BT 238.27 466.15 Td (ea) Tj ET Q q 0 0 0 rg BT 247.95 466.15 Td (tion of v) Tj ET Q q 0 0 0 rg BT 281.33 466.15 Td (alue o) Tj ET Q q 0 0 0 rg BT 306.14 466.15 Td (v) Tj ET Q q 0 0 0 rg BT 310.56 466.15 Td (er the long t) Tj ET Q q 0 0 0 rg BT 360.15 466.15 Td (erm b) Tj ET Q q 0 0 0 rg BT 384.07 466.15 Td (y g) Tj ET Q q 0 0 0 rg BT 395.48 466.15 Td (ener) Tj ET Q q 0 0 0 rg BT 413.97 466.15 Td (a) Tj ET Q q 0 0 0 rg BT 418.66 466.15 Td (ting sus) Tj ET Q q 0 0 0 rg BT 449.49 466.15 Td (t) Tj ET Q q 0 0 0 rg BT 452.72 466.15 Td (ainable c) Tj ET Q q 0 0 0 rg BT 488.78 466.15 Td (ash flo) Tj ET Q q 0 0 0 rg BT 515.58 466.15 Td (w and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 454.15 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 454.15 Td (apit) Tj ET Q q 0 0 0 rg BT 73.71 454.15 Td (al appr) Tj ET Q q 0 0 0 rg BT 101.71 454.15 Td (ecia) Tj ET Q q 0 0 0 rg BT 117.91 454.15 Td (tion of its shopping cen) Tj ET Q q 0 0 0 rg BT 212.57 454.15 Td (tr) Tj ET Q q 0 0 0 rg BT 219.27 454.15 Td (e portf) Tj ET Q q 0 0 0 rg BT 246.71 454.15 Td (olio. T) Tj ET Q q 0 0 0 rg BT 270.62 454.15 Td (o achie) Tj ET Q q 0 0 0 rg BT 299.65 454.15 Td (v) Tj ET Q q 0 0 0 rg BT 304.07 454.15 Td (e the Compan) Tj ET Q q 0 0 0 rg BT 360.85 454.15 Td (y) Tj ET Q q 0 0 0 rg BT 365.68 454.15 Td () Tj ET Q q 0 0 0 rg BT 367.56 454.15 Td (s s) Tj ET Q q 0 0 0 rg BT 377.54 454.15 Td (tr) Tj ET Q q 0 0 0 rg BT 384.17 454.15 Td (a) Tj ET Q q 0 0 0 rg BT 388.86 454.15 Td (t) Tj ET Q q 0 0 0 rg BT 392.11 454.15 Td (egic objectiv) Tj ET Q q 0 0 0 rg BT 442.76 454.15 Td (es, Manag) Tj ET Q q 0 0 0 rg BT 484.41 454.15 Td (emen) Tj ET Q q 0 0 0 rg BT 507.51 454.15 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 442.15 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 442.15 Td (on) Tj ET Q q 0 0 0 rg BT 68.58 442.15 Td (tinues t) Tj ET Q q 0 0 0 rg BT 99.13 442.15 Td (o:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 430.15 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 430.15 Td (undert) Tj ET Q q 0 0 0 rg BT 90.45 430.15 Td (ak) Tj ET Q q 0 0 0 rg BT 99.46 430.15 Td (e selectiv) Tj ET Q q 0 0 0 rg BT 137.15 430.15 Td (e de) Tj ET Q q 0 0 0 rg BT 154.57 430.15 Td (v) Tj ET Q q 0 0 0 rg BT 158.99 430.15 Td (elopmen) Tj ET Q q 0 0 0 rg BT 194.91 430.15 Td (t, r) Tj ET Q q 0 0 0 rg BT 206.37 430.15 Td (ede) Tj ET Q q 0 0 0 rg BT 221.53 430.15 Td (v) Tj ET Q q 0 0 0 rg BT 225.94 430.15 Td (elopmen) Tj ET Q q 0 0 0 rg BT 261.87 430.15 Td (t and r) Tj ET Q q 0 0 0 rg BT 288.39 430.15 Td (epositioning activities on its pr) Tj ET Q q 0 0 0 rg BT 412.24 430.15 Td (operties including land use ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 418.15 Td (in) Tj ET Q q 0 0 0 rg BT 70.46 418.15 Td (t) Tj ET Q q 0 0 0 rg BT 73.70 418.15 Td (ensific) Tj ET Q q 0 0 0 rg BT 99.63 418.15 Td (a) Tj ET Q q 0 0 0 rg BT 104.32 418.15 Td (tion; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 406.15 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 406.15 Td (be f) Tj ET Q q 0 0 0 rg BT 78.33 406.15 Td (ocussed and disciplined in acquiring w) Tj ET Q q 0 0 0 rg BT 233.22 406.15 Td (ell-loc) Tj ET Q q 0 0 0 rg BT 257.57 406.15 Td (a) Tj ET Q q 0 0 0 rg BT 262.26 406.15 Td (t) Tj ET Q q 0 0 0 rg BT 265.50 406.15 Td (ed pr) Tj ET Q q 0 0 0 rg BT 286.57 406.15 Td (operties, primarily cen) Tj ET Q q 0 0 0 rg BT 377.89 406.15 Td (tr) Tj ET Q q 0 0 0 rg BT 384.60 406.15 Td (es wher) Tj ET Q q 0 0 0 rg BT 416.48 406.15 Td (e ther) Tj ET Q q 0 0 0 rg BT 440.65 406.15 Td (e ar) Tj ET Q q 0 0 0 rg BT 456.03 406.15 Td (e v) Tj ET Q q 0 0 0 rg BT 467.63 406.15 Td (alue cr) Tj ET Q q 0 0 0 rg BT 494.79 406.15 Td (ea) Tj ET Q q 0 0 0 rg BT 504.46 406.15 Td (tion ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 394.15 Td (opportunities and sit) Tj ET Q q 0 0 0 rg BT 147.49 394.15 Td (es adjacen) Tj ET Q q 0 0 0 rg BT 190.23 394.15 Td (t t) Tj ET Q q 0 0 0 rg BT 199.09 394.15 Td (o e) Tj ET Q q 0 0 0 rg BT 211.45 394.15 Td (xis) Tj ET Q q 0 0 0 rg BT 221.88 394.15 Td (ting pr) Tj ET Q q 0 0 0 rg BT 248.32 394.15 Td (operties in the Compan) Tj ET Q q 0 0 0 rg BT 343.46 394.15 Td (y) Tj ET Q q 0 0 0 rg BT 348.29 394.15 Td () Tj ET Q q 0 0 0 rg BT 350.17 394.15 Td (s t) Tj ET Q q 0 0 0 rg BT 359.57 394.15 Td (ar) Tj ET Q q 0 0 0 rg BT 367.71 394.15 Td (g) Tj ET Q q 0 0 0 rg BT 372.34 394.15 Td (e) Tj ET Q q 0 0 0 rg BT 377.26 394.15 Td (t urban mark) Tj ET Q q 0 0 0 rg BT 429.66 394.15 Td (e) Tj ET Q q 0 0 0 rg BT 434.58 394.15 Td (ts;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 382.15 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 382.15 Td (pr) Tj ET Q q 0 0 0 rg BT 71.58 382.15 Td (oactiv) Tj ET Q q 0 0 0 rg BT 95.93 382.15 Td (ely manag) Tj ET Q q 0 0 0 rg BT 137.44 382.15 Td (e its e) Tj ET Q q 0 0 0 rg BT 161.32 382.15 Td (xis) Tj ET Q q 0 0 0 rg BT 171.74 382.15 Td (ting shopping cen) Tj ET Q q 0 0 0 rg BT 243.43 382.15 Td (tr) Tj ET Q q 0 0 0 rg BT 250.14 382.15 Td (e portf) Tj ET Q q 0 0 0 rg BT 277.58 382.15 Td (olio t) Tj ET Q q 0 0 0 rg BT 298.23 382.15 Td (o driv) Tj ET Q q 0 0 0 rg BT 321.22 382.15 Td (e r) Tj ET Q q 0 0 0 rg BT 331.81 382.15 Td (en) Tj ET Q q 0 0 0 rg BT 341.95 382.15 Td (t gr) Tj ET Q q 0 0 0 rg BT 355.59 382.15 Td (o) Tj ET Q q 0 0 0 rg BT 360.82 382.15 Td (w) Tj ET Q q 0 0 0 rg BT 367.99 382.15 Td (th;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 370.15 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 370.15 Td (incr) Tj ET Q q 0 0 0 rg BT 78.13 370.15 Td (ease e) Tj ET Q q 0 0 0 rg BT 103.93 370.15 Td (f) Tj ET Q q 0 0 0 rg BT 106.89 370.15 Td (ficiency and pr) Tj ET Q q 0 0 0 rg BT 166.14 370.15 Td (oductivity of oper) Tj ET Q q 0 0 0 rg BT 238.11 370.15 Td (a) Tj ET Q q 0 0 0 rg BT 242.81 370.15 Td (tions; and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 358.15 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 358.15 Td (main) Tj ET Q q 0 0 0 rg BT 83.23 358.15 Td (t) Tj ET Q q 0 0 0 rg BT 86.46 358.15 Td (ain financial s) Tj ET Q q 0 0 0 rg BT 141.37 358.15 Td (tr) Tj ET Q q 0 0 0 rg BT 148.08 358.15 Td (eng) Tj ET Q q 0 0 0 rg BT 162.86 358.15 Td (th t) Tj ET Q q 0 0 0 rg BT 176.98 358.15 Td (o achie) Tj ET Q q 0 0 0 rg BT 206.01 358.15 Td (v) Tj ET Q q 0 0 0 rg BT 210.43 358.15 Td (e the lo) Tj ET Q q 0 0 0 rg BT 241.03 358.15 Td (w) Tj ET Q q 0 0 0 rg BT 248.09 358.15 Td (es) Tj ET Q q 0 0 0 rg BT 256.87 358.15 Td (t c) Tj ET Q q 0 0 0 rg BT 266.62 358.15 Td (os) Tj ET Q q 0 0 0 rg BT 275.70 358.15 Td (t of c) Tj ET Q q 0 0 0 rg BT 296.04 358.15 Td (apit) Tj ET Q q 0 0 0 rg BT 311.60 358.15 Td (al.) Tj ET Q BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 334.75 Td (Shopping f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.85 334.75 Td (or E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.82 334.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.38 334.75 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.74 334.75 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.29 334.75 Td (da) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.44 334.75 Td (y Lif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.44 334.75 Td (e) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 319.75 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 319.75 Td (y o) Tj ET Q q 0 0 0 rg BT 117.09 319.75 Td (wns, de) Tj ET Q q 0 0 0 rg BT 148.34 319.75 Td (v) Tj ET Q q 0 0 0 rg BT 152.76 319.75 Td (elop) Tj ET Q q 0 0 0 rg BT 170.51 319.75 Td (s and manag) Tj ET Q q 0 0 0 rg BT 221.69 319.75 Td (es pr) Tj ET Q q 0 0 0 rg BT 241.41 319.75 Td (operties tha) Tj ET Q q 0 0 0 rg BT 290.49 319.75 Td (t pr) Tj ET Q q 0 0 0 rg BT 304.68 319.75 Td (o) Tj ET Q q 0 0 0 rg BT 309.91 319.75 Td (vide c) Tj ET Q q 0 0 0 rg BT 333.36 319.75 Td (onsumer) Tj ET Q q 0 0 0 rg BT 369.33 319.75 Td (s with pr) Tj ET Q q 0 0 0 rg BT 404.39 319.75 Td (oducts and ser) Tj ET Q q 0 0 0 rg BT 463.95 319.75 Td (vices tha) Tj ET Q q 0 0 0 rg BT 499.43 319.75 Td (t ar) Tj ET Q q 0 0 0 rg BT 513.19 319.75 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 307.75 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 307.75 Td (onsider) Tj ET Q q 0 0 0 rg BT 88.46 307.75 Td (ed t) Tj ET Q q 0 0 0 rg BT 104.21 307.75 Td (o be daily necessities or non-discr) Tj ET Q q 0 0 0 rg BT 240.90 307.75 Td (e) Tj ET Q q 0 0 0 rg BT 245.82 307.75 Td (tionar) Tj ET Q q 0 0 0 rg BT 270.32 307.75 Td (y e) Tj ET Q q 0 0 0 rg BT 281.93 307.75 Td (xpenditur) Tj ET Q q 0 0 0 rg BT 321.25 307.75 Td (es. Curr) Tj ET Q q 0 0 0 rg BT 352.35 307.75 Td (en) Tj ET Q q 0 0 0 rg BT 362.49 307.75 Td (tly) Tj ET Q q 0 0 0 rg BT 371.94 307.75 Td (, o) Tj ET Q q 0 0 0 rg BT 381.93 307.75 Td (v) Tj ET Q q 0 0 0 rg BT 386.35 307.75 Td (er ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.07 307.75 Td (80%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 414.36 307.75 Td ( of the Compan) Tj ET Q q 0 0 0 rg BT 476.75 307.75 Td (y) Tj ET Q q 0 0 0 rg BT 481.58 307.75 Td () Tj ET Q q 0 0 0 rg BT 483.46 307.75 Td (s r) Tj ET Q q 0 0 0 rg BT 492.99 307.75 Td (e) Tj ET Q q 0 0 0 rg BT 497.92 307.75 Td (v) Tj ET Q q 0 0 0 rg BT 502.33 307.75 Td (enues ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 295.75 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 295.75 Td (ome fr) Tj ET Q q 0 0 0 rg BT 85.02 295.75 Td (om t) Tj ET Q q 0 0 0 rg BT 103.79 295.75 Td (enan) Tj ET Q q 0 0 0 rg BT 123.97 295.75 Td (ts pr) Tj ET Q q 0 0 0 rg BT 142.07 295.75 Td (o) Tj ET Q q 0 0 0 rg BT 147.30 295.75 Td (viding these daily necessity pr) Tj ET Q q 0 0 0 rg BT 268.29 295.75 Td (oducts and ser) Tj ET Q q 0 0 0 rg BT 327.85 295.75 Td (vices, including supermark) Tj ET Q q 0 0 0 rg BT 435.00 295.75 Td (e) Tj ET Q q 0 0 0 rg BT 439.92 295.75 Td (ts, drugs) Tj ET Q q 0 0 0 rg BT 474.43 295.75 Td (t) Tj ET Q q 0 0 0 rg BT 477.69 295.75 Td (or) Tj ET Q q 0 0 0 rg BT 486.31 295.75 Td (es, bank) Tj ET Q q 0 0 0 rg BT 519.71 295.75 Td (s, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 283.75 Td (liquor s) Tj ET Q q 0 0 0 rg BT 83.92 283.75 Td (t) Tj ET Q q 0 0 0 rg BT 87.17 283.75 Td (or) Tj ET Q q 0 0 0 rg BT 95.80 283.75 Td (es, na) Tj ET Q q 0 0 0 rg BT 119.39 283.75 Td (tional disc) Tj ET Q q 0 0 0 rg BT 160.51 283.75 Td (oun) Tj ET Q q 0 0 0 rg BT 176.20 283.75 Td (t r) Tj ET Q q 0 0 0 rg BT 185.17 283.75 Td (e) Tj ET Q q 0 0 0 rg BT 190.09 283.75 Td (t) Tj ET Q q 0 0 0 rg BT 193.32 283.75 Td (ailer) Tj ET Q q 0 0 0 rg BT 210.99 283.75 Td (s, quick ser) Tj ET Q q 0 0 0 rg BT 255.96 283.75 Td (vice r) Tj ET Q q 0 0 0 rg BT 277.59 283.75 Td (es) Tj ET Q q 0 0 0 rg BT 286.36 283.75 Td (t) Tj ET Q q 0 0 0 rg BT 289.59 283.75 Td (aur) Tj ET Q q 0 0 0 rg BT 302.92 283.75 Td (an) Tj ET Q q 0 0 0 rg BT 312.87 283.75 Td (ts, fitness, medic) Tj ET Q q 0 0 0 rg BT 381.05 283.75 Td (al and other per) Tj ET Q q 0 0 0 rg BT 446.09 283.75 Td (sonal ser) Tj ET Q q 0 0 0 rg BT 482.34 283.75 Td (vices.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 265.75 Td (Manag) Tj ET Q q 0 0 0 rg BT 82.01 265.75 Td (emen) Tj ET Q q 0 0 0 rg BT 105.11 265.75 Td (t look) Tj ET Q q 0 0 0 rg BT 128.01 265.75 Td (s t) Tj ET Q q 0 0 0 rg BT 137.44 265.75 Td (o implemen) Tj ET Q q 0 0 0 rg BT 185.90 265.75 Td (t a specific c) Tj ET Q q 0 0 0 rg BT 235.21 265.75 Td (omplemen) Tj ET Q q 0 0 0 rg BT 279.12 265.75 Td (t) Tj ET Q q 0 0 0 rg BT 282.35 265.75 Td (ar) Tj ET Q q 0 0 0 rg BT 290.67 265.75 Td (y t) Tj ET Q q 0 0 0 rg BT 300.70 265.75 Td (enan) Tj ET Q q 0 0 0 rg BT 320.88 265.75 Td (t of) Tj ET Q q 0 0 0 rg BT 334.72 265.75 Td (f) Tj ET Q q 0 0 0 rg BT 337.53 265.75 Td (ering a) Tj ET Q q 0 0 0 rg BT 365.20 265.75 Td (t each of its pr) Tj ET Q q 0 0 0 rg BT 423.30 265.75 Td (operties t) Tj ET Q q 0 0 0 rg BT 462.33 265.75 Td (o bes) Tj ET Q q 0 0 0 rg BT 483.90 265.75 Td (t ser) Tj ET Q q 0 0 0 rg BT 501.97 265.75 Td (v) Tj ET Q q 0 0 0 rg BT 506.39 265.75 Td (e the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 253.75 Td (needs of the loc) Tj ET Q q 0 0 0 rg BT 118.77 253.75 Td (al c) Tj ET Q q 0 0 0 rg BT 132.26 253.75 Td (ommunity) Tj ET Q q 0 0 0 rg BT 173.53 253.75 Td (. The Compan) Tj ET Q q 0 0 0 rg BT 229.39 253.75 Td (y is highly f) Tj ET Q q 0 0 0 rg BT 274.07 253.75 Td (ocussed on ensuring the c) Tj ET Q q 0 0 0 rg BT 379.31 253.75 Td (ompe) Tj ET Q q 0 0 0 rg BT 402.75 253.75 Td (titiv) Tj ET Q q 0 0 0 rg BT 418.46 253.75 Td (e position of its asse) Tj ET Q q 0 0 0 rg BT 500.80 253.75 Td (ts in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 241.75 Td (v) Tj ET Q q 0 0 0 rg BT 58.37 241.75 Td (arious urban and r) Tj ET Q q 0 0 0 rg BT 132.85 241.75 Td (e) Tj ET Q q 0 0 0 rg BT 137.77 241.75 Td (t) Tj ET Q q 0 0 0 rg BT 141.00 241.75 Td (ail tr) Tj ET Q q 0 0 0 rg BT 159.27 241.75 Td (ade ar) Tj ET Q q 0 0 0 rg BT 184.70 241.75 Td (eas and closely f) Tj ET Q q 0 0 0 rg BT 250.80 241.75 Td (ollo) Tj ET Q q 0 0 0 rg BT 265.90 241.75 Td (w) Tj ET Q q 0 0 0 rg BT 272.96 241.75 Td (s demogr) Tj ET Q q 0 0 0 rg BT 310.61 241.75 Td (aphics and shopping tr) Tj ET Q q 0 0 0 rg BT 402.33 241.75 Td (ends f) Tj ET Q q 0 0 0 rg BT 426.83 241.75 Td (or both g) Tj ET Q q 0 0 0 rg BT 463.88 241.75 Td (oods and ser) Tj ET Q q 0 0 0 rg BT 515.88 241.75 Td (vices.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 223.75 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 223.75 Td (y c) Tj ET Q q 0 0 0 rg BT 116.00 223.75 Td (on) Tj ET Q q 0 0 0 rg BT 126.44 223.75 Td (tinues t) Tj ET Q q 0 0 0 rg BT 156.99 223.75 Td (o ob) Tj ET Q q 0 0 0 rg BT 175.00 223.75 Td (ser) Tj ET Q q 0 0 0 rg BT 187.47 223.75 Td (v) Tj ET Q q 0 0 0 rg BT 191.89 223.75 Td (e se) Tj ET Q q 0 0 0 rg BT 207.96 223.75 Td (v) Tj ET Q q 0 0 0 rg BT 212.38 223.75 Td (er) Tj ET Q q 0 0 0 rg BT 220.64 223.75 Td (al demogr) Tj ET Q q 0 0 0 rg BT 261.46 223.75 Td (aphic tr) Tj ET Q q 0 0 0 rg BT 292.25 223.75 Td (ends tha) Tj ET Q q 0 0 0 rg BT 327.20 223.75 Td (t ma) Tj ET Q q 0 0 0 rg BT 345.41 223.75 Td (y a) Tj ET Q q 0 0 0 rg BT 356.92 223.75 Td (f) Tj ET Q q 0 0 0 rg BT 359.88 223.75 Td (f) Tj ET Q q 0 0 0 rg BT 362.68 223.75 Td (ect demand f) Tj ET Q q 0 0 0 rg BT 416.11 223.75 Td (or r) Tj ET Q q 0 0 0 rg BT 430.49 223.75 Td (e) Tj ET Q q 0 0 0 rg BT 435.41 223.75 Td (t) Tj ET Q q 0 0 0 rg BT 438.64 223.75 Td (ail g) Tj ET Q q 0 0 0 rg BT 454.92 223.75 Td (oods and ser) Tj ET Q q 0 0 0 rg BT 506.92 223.75 Td (vices, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 211.75 Td (including a y) Tj ET Q q 0 0 0 rg BT 104.56 211.75 Td (oung) Tj ET Q q 0 0 0 rg BT 124.96 211.75 Td (er g) Tj ET Q q 0 0 0 rg BT 140.31 211.75 Td (ener) Tj ET Q q 0 0 0 rg BT 158.79 211.75 Td (a) Tj ET Q q 0 0 0 rg BT 163.49 211.75 Td (tion of c) Tj ET Q q 0 0 0 rg BT 196.66 211.75 Td (onsumer) Tj ET Q q 0 0 0 rg BT 232.63 211.75 Td (s whose shopping pa) Tj ET Q q 0 0 0 rg BT 317.04 211.75 Td (t) Tj ET Q q 0 0 0 rg BT 320.25 211.75 Td (t) Tj ET Q q 0 0 0 rg BT 323.49 211.75 Td (erns ar) Tj ET Q q 0 0 0 rg BT 351.52 211.75 Td (e in) Tj ET Q q 0 0 0 rg BT 366.25 211.75 Td (fluenced b) Tj ET Q q 0 0 0 rg BT 409.00 211.75 Td (y wir) Tj ET Q q 0 0 0 rg BT 428.58 211.75 Td (eless c) Tj ET Q q 0 0 0 rg BT 455.06 211.75 Td (ommunic) Tj ET Q q 0 0 0 rg BT 493.26 211.75 Td (a) Tj ET Q q 0 0 0 rg BT 497.96 211.75 Td (tions and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 199.75 Td (on-line business and in) Tj ET Q q 0 0 0 rg BT 146.74 199.75 Td (f) Tj ET Q q 0 0 0 rg BT 149.59 199.75 Td (orma) Tj ET Q q 0 0 0 rg BT 171.03 199.75 Td (tion and an aging popula) Tj ET Q q 0 0 0 rg BT 271.37 199.75 Td (tion whose needs will incr) Tj ET Q q 0 0 0 rg BT 376.68 199.75 Td (easingly f) Tj ET Q q 0 0 0 rg BT 414.54 199.75 Td (ocus on c) Tj ET Q q 0 0 0 rg BT 452.40 199.75 Td (on) Tj ET Q q 0 0 0 rg BT 462.76 199.75 Td (v) Tj ET Q q 0 0 0 rg BT 467.18 199.75 Td (enience and health ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 187.75 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 187.75 Td (ela) Tj ET Q q 0 0 0 rg BT 69.32 187.75 Td (t) Tj ET Q q 0 0 0 rg BT 72.56 187.75 Td (ed g) Tj ET Q q 0 0 0 rg BT 89.69 187.75 Td (oods and ser) Tj ET Q q 0 0 0 rg BT 141.69 187.75 Td (vices. Another tr) Tj ET Q q 0 0 0 rg BT 208.75 187.75 Td (end tha) Tj ET Q q 0 0 0 rg BT 239.79 187.75 Td (t Manag) Tj ET Q q 0 0 0 rg BT 273.41 187.75 Td (emen) Tj ET Q q 0 0 0 rg BT 296.51 187.75 Td (t ob) Tj ET Q q 0 0 0 rg BT 312.60 187.75 Td (ser) Tj ET Q q 0 0 0 rg BT 325.06 187.75 Td (v) Tj ET Q q 0 0 0 rg BT 329.48 187.75 Td (es r) Tj ET Q q 0 0 0 rg BT 343.99 187.75 Td (ela) Tj ET Q q 0 0 0 rg BT 355.95 187.75 Td (t) Tj ET Q q 0 0 0 rg BT 359.20 187.75 Td (es t) Tj ET Q q 0 0 0 rg BT 373.59 187.75 Td (o lif) Tj ET Q q 0 0 0 rg BT 388.52 187.75 Td (es) Tj ET Q q 0 0 0 rg BT 397.30 187.75 Td (tyles in urban mark) Tj ET Q q 0 0 0 rg BT 475.21 187.75 Td (e) Tj ET Q q 0 0 0 rg BT 480.13 187.75 Td (ts, wher) Tj ET Q q 0 0 0 rg BT 512.88 187.75 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 175.75 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 175.75 Td (onsumer) Tj ET Q q 0 0 0 rg BT 94.12 175.75 Td (s choose t) Tj ET Q q 0 0 0 rg BT 134.72 175.75 Td (o inc) Tj ET Q q 0 0 0 rg BT 153.95 175.75 Td (orpor) Tj ET Q q 0 0 0 rg BT 176.51 175.75 Td (a) Tj ET Q q 0 0 0 rg BT 181.21 175.75 Td (t) Tj ET Q q 0 0 0 rg BT 184.45 175.75 Td (e visits t) Tj ET Q q 0 0 0 rg BT 217.48 175.75 Td (o gyms, c) Tj ET Q q 0 0 0 rg BT 255.05 175.75 Td (of) Tj ET Q q 0 0 0 rg BT 263.28 175.75 Td (f) Tj ET Q q 0 0 0 rg BT 266.08 175.75 Td (ee shop) Tj ET Q q 0 0 0 rg BT 297.94 175.75 Td (s and loc) Tj ET Q q 0 0 0 rg BT 333.38 175.75 Td (al r) Tj ET Q q 0 0 0 rg BT 346.08 175.75 Td (es) Tj ET Q q 0 0 0 rg BT 354.85 175.75 Td (t) Tj ET Q q 0 0 0 rg BT 358.08 175.75 Td (aur) Tj ET Q q 0 0 0 rg BT 371.41 175.75 Td (an) Tj ET Q q 0 0 0 rg BT 381.36 175.75 Td (ts in) Tj ET Q q 0 0 0 rg BT 398.34 175.75 Td (t) Tj ET Q q 0 0 0 rg BT 401.59 175.75 Td (o their e) Tj ET Q q 0 0 0 rg BT 435.67 175.75 Td (v) Tj ET Q q 0 0 0 rg BT 440.09 175.75 Td (er) Tj ET Q q 0 0 0 rg BT 448.60 175.75 Td (y) Tj ET Q q 0 0 0 rg BT 453.01 175.75 Td (da) Tj ET Q q 0 0 0 rg BT 462.87 175.75 Td (y lif) Tj ET Q q 0 0 0 rg BT 477.05 175.75 Td (e. In ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 163.75 Td (Manag) Tj ET Q q 0 0 0 rg BT 82.01 163.75 Td (emen) Tj ET Q q 0 0 0 rg BT 105.11 163.75 Td (t) Tj ET Q q 0 0 0 rg BT 108.80 163.75 Td () Tj ET Q q 0 0 0 rg BT 110.69 163.75 Td (s vie) Tj ET Q q 0 0 0 rg BT 128.60 163.75 Td (w) Tj ET Q q 0 0 0 rg BT 134.89 163.75 Td (, shopping cen) Tj ET Q q 0 0 0 rg BT 193.47 163.75 Td (tr) Tj ET Q q 0 0 0 rg BT 200.18 163.75 Td (es and mix) Tj ET Q q 0 0 0 rg BT 243.23 163.75 Td (ed-use pr) Tj ET Q q 0 0 0 rg BT 281.50 163.75 Td (operties loc) Tj ET Q q 0 0 0 rg BT 329.00 163.75 Td (a) Tj ET Q q 0 0 0 rg BT 333.70 163.75 Td (t) Tj ET Q q 0 0 0 rg BT 336.94 163.75 Td (ed in urban mark) Tj ET Q q 0 0 0 rg BT 406.03 163.75 Td (e) Tj ET Q q 0 0 0 rg BT 410.95 163.75 Td (ts with t) Tj ET Q q 0 0 0 rg BT 444.02 163.75 Td (enan) Tj ET Q q 0 0 0 rg BT 464.20 163.75 Td (ts pr) Tj ET Q q 0 0 0 rg BT 482.30 163.75 Td (o) Tj ET Q q 0 0 0 rg BT 487.53 163.75 Td (viding daily ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 151.75 Td (necessities, including non-discr) Tj ET Q q 0 0 0 rg BT 179.82 151.75 Td (e) Tj ET Q q 0 0 0 rg BT 184.74 151.75 Td (tionar) Tj ET Q q 0 0 0 rg BT 209.24 151.75 Td (y ser) Tj ET Q q 0 0 0 rg BT 228.49 151.75 Td (vices and other per) Tj ET Q q 0 0 0 rg BT 306.38 151.75 Td (sonal ser) Tj ET Q q 0 0 0 rg BT 342.63 151.75 Td (vices, will be less sensitiv) Tj ET Q q 0 0 0 rg BT 443.86 151.75 Td (e t) Tj ET Q q 0 0 0 rg BT 454.35 151.75 Td (o both ec) Tj ET Q q 0 0 0 rg BT 492.40 151.75 Td (onomic ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 139.75 Td (cy) Tj ET Q q 0 0 0 rg BT 62.63 139.75 Td (cles and the curr) Tj ET Q q 0 0 0 rg BT 130.02 139.75 Td (en) Tj ET Q q 0 0 0 rg BT 140.16 139.75 Td (t demogr) Tj ET Q q 0 0 0 rg BT 177.25 139.75 Td (aphic tr) Tj ET Q q 0 0 0 rg BT 208.03 139.75 Td (ends, thus pr) Tj ET Q q 0 0 0 rg BT 260.79 139.75 Td (o) Tj ET Q q 0 0 0 rg BT 266.02 139.75 Td (viding s) Tj ET Q q 0 0 0 rg BT 296.40 139.75 Td (t) Tj ET Q q 0 0 0 rg BT 299.63 139.75 Td (able and gr) Tj ET Q q 0 0 0 rg BT 344.80 139.75 Td (o) Tj ET Q q 0 0 0 rg BT 350.03 139.75 Td (wing c) Tj ET Q q 0 0 0 rg BT 375.84 139.75 Td (ash flo) Tj ET Q q 0 0 0 rg BT 402.64 139.75 Td (w o) Tj ET Q q 0 0 0 rg BT 417.28 139.75 Td (v) Tj ET Q q 0 0 0 rg BT 421.70 139.75 Td (er the long t) Tj ET Q q 0 0 0 rg BT 471.29 139.75 Td (erm.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 549.95 46.00 Td (6) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.00 Td (Urban F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.98 693.00 Td (ocus) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 678.00 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 678.00 Td (y t) Tj ET Q q 0 0 0 rg BT 115.08 678.00 Td (ar) Tj ET Q q 0 0 0 rg BT 123.22 678.00 Td (g) Tj ET Q q 0 0 0 rg BT 127.85 678.00 Td (e) Tj ET Q q 0 0 0 rg BT 132.77 678.00 Td (ts specific urban mark) Tj ET Q q 0 0 0 rg BT 221.58 678.00 Td (e) Tj ET Q q 0 0 0 rg BT 226.50 678.00 Td (ts with s) Tj ET Q q 0 0 0 rg BT 260.13 678.00 Td (t) Tj ET Q q 0 0 0 rg BT 263.36 678.00 Td (able and/) Tj ET Q q 0 0 0 rg BT 301.92 678.00 Td (or gr) Tj ET Q q 0 0 0 rg BT 320.97 678.00 Td (o) Tj ET Q q 0 0 0 rg BT 326.21 678.00 Td (wing popula) Tj ET Q q 0 0 0 rg BT 375.90 678.00 Td (tions. Specific) Tj ET Q q 0 0 0 rg BT 431.61 678.00 Td (ally) Tj ET Q q 0 0 0 rg BT 444.80 678.00 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 499.10 678.00 Td (y in) Tj ET Q q 0 0 0 rg BT 513.35 678.00 Td (t) Tj ET Q q 0 0 0 rg BT 516.59 678.00 Td (ends t) Tj ET Q q 0 0 0 rg BT 541.50 678.00 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 666.00 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 666.00 Td (on) Tj ET Q q 0 0 0 rg BT 68.58 666.00 Td (tinue t) Tj ET Q q 0 0 0 rg BT 95.22 666.00 Td (o oper) Tj ET Q q 0 0 0 rg BT 121.54 666.00 Td (a) Tj ET Q q 0 0 0 rg BT 126.24 666.00 Td (t) Tj ET Q q 0 0 0 rg BT 129.48 666.00 Td (e primarily in and ar) Tj ET Q q 0 0 0 rg BT 210.88 666.00 Td (ound its t) Tj ET Q q 0 0 0 rg BT 249.21 666.00 Td (ar) Tj ET Q q 0 0 0 rg BT 257.35 666.00 Td (g) Tj ET Q q 0 0 0 rg BT 261.98 666.00 Td (e) Tj ET Q q 0 0 0 rg BT 266.90 666.00 Td (t urban mark) Tj ET Q q 0 0 0 rg BT 319.30 666.00 Td (e) Tj ET Q q 0 0 0 rg BT 324.22 666.00 Td (ts of the gr) Tj ET Q q 0 0 0 rg BT 368.23 666.00 Td (ea) Tj ET Q q 0 0 0 rg BT 377.90 666.00 Td (t) Tj ET Q q 0 0 0 rg BT 381.14 666.00 Td (er T) Tj ET Q q 0 0 0 rg BT 395.85 666.00 Td (or) Tj ET Q q 0 0 0 rg BT 404.45 666.00 Td (on) Tj ET Q q 0 0 0 rg BT 414.88 666.00 Td (t) Tj ET Q q 0 0 0 rg BT 418.14 666.00 Td (o ar) Tj ET Q q 0 0 0 rg BT 433.81 666.00 Td (ea, including the Golden ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 654.00 Td (Hor) Tj ET Q q 0 0 0 rg BT 68.82 654.00 Td (seshoe ar) Tj ET Q q 0 0 0 rg BT 107.53 654.00 Td (ea and London; the Calg) Tj ET Q q 0 0 0 rg BT 205.34 654.00 Td (ar) Tj ET Q q 0 0 0 rg BT 213.66 654.00 Td (y and E) Tj ET Q q 0 0 0 rg BT 242.75 654.00 Td (dmon) Tj ET Q q 0 0 0 rg BT 266.42 654.00 Td (t) Tj ET Q q 0 0 0 rg BT 269.67 654.00 Td (on ar) Tj ET Q q 0 0 0 rg BT 290.61 654.00 Td (eas; the gr) Tj ET Q q 0 0 0 rg BT 333.12 654.00 Td (ea) Tj ET Q q 0 0 0 rg BT 342.79 654.00 Td (t) Tj ET Q q 0 0 0 rg BT 346.04 654.00 Td (er V) Tj ET Q q 0 0 0 rg BT 361.88 654.00 Td (anc) Tj ET Q q 0 0 0 rg BT 376.07 654.00 Td (ouv) Tj ET Q q 0 0 0 rg BT 391.01 654.00 Td (er ar) Tj ET Q q 0 0 0 rg BT 409.88 654.00 Td (ea, including V) Tj ET Q q 0 0 0 rg BT 468.61 654.00 Td (anc) Tj ET Q q 0 0 0 rg BT 482.80 654.00 Td (ouv) Tj ET Q q 0 0 0 rg BT 497.75 654.00 Td (er Island; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 642.00 Td (the gr) Tj ET Q q 0 0 0 rg BT 77.90 642.00 Td (ea) Tj ET Q q 0 0 0 rg BT 87.57 642.00 Td (t) Tj ET Q q 0 0 0 rg BT 90.82 642.00 Td (er Mon) Tj ET Q q 0 0 0 rg BT 120.52 642.00 Td (tr) Tj ET Q q 0 0 0 rg BT 127.23 642.00 Td (eal ar) Tj ET Q q 0 0 0 rg BT 149.69 642.00 Td (ea; the Ot) Tj ET Q q 0 0 0 rg BT 190.06 642.00 Td (t) Tj ET Q q 0 0 0 rg BT 193.29 642.00 Td (a) Tj ET Q q 0 0 0 rg BT 198.01 642.00 Td (w) Tj ET Q q 0 0 0 rg BT 205.05 642.00 Td (a and Ga) Tj ET Q q 0 0 0 rg BT 240.67 642.00 Td (tineau r) Tj ET Q q 0 0 0 rg BT 272.20 642.00 Td (egion; and Qubec City) Tj ET Q q 0 0 0 rg BT 365.72 642.00 Td (. Appr) Tj ET Q q 0 0 0 rg BT 390.12 642.00 Td (o) Tj ET Q q 0 0 0 rg BT 395.20 642.00 Td (xima) Tj ET Q q 0 0 0 rg BT 414.51 642.00 Td (t) Tj ET Q q 0 0 0 rg BT 417.75 642.00 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.81 642.00 Td (95%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.10 642.00 Td ( of the Compan) Tj ET Q q 0 0 0 rg BT 511.49 642.00 Td (y) Tj ET Q q 0 0 0 rg BT 516.32 642.00 Td () Tj ET Q q 0 0 0 rg BT 518.20 642.00 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 630.00 Td (annual minimum r) Tj ET Q q 0 0 0 rg BT 128.58 630.00 Td (en) Tj ET Q q 0 0 0 rg BT 138.71 630.00 Td (t is deriv) Tj ET Q q 0 0 0 rg BT 173.22 630.00 Td (ed fr) Tj ET Q q 0 0 0 rg BT 192.09 630.00 Td (om these urban mark) Tj ET Q q 0 0 0 rg BT 279.12 630.00 Td (e) Tj ET Q q 0 0 0 rg BT 284.04 630.00 Td (ts.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 612.00 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 612.00 Td (y has achie) Tj ET Q q 0 0 0 rg BT 149.57 612.00 Td (v) Tj ET Q q 0 0 0 rg BT 153.99 612.00 Td (ed critic) Tj ET Q q 0 0 0 rg BT 186.28 612.00 Td (al mass in its t) Tj ET Q q 0 0 0 rg BT 243.34 612.00 Td (ar) Tj ET Q q 0 0 0 rg BT 251.48 612.00 Td (g) Tj ET Q q 0 0 0 rg BT 256.10 612.00 Td (e) Tj ET Q q 0 0 0 rg BT 261.02 612.00 Td (t mark) Tj ET Q q 0 0 0 rg BT 287.12 612.00 Td (e) Tj ET Q q 0 0 0 rg BT 292.04 612.00 Td (ts, which help) Tj ET Q q 0 0 0 rg BT 348.23 612.00 Td (s g) Tj ET Q q 0 0 0 rg BT 359.02 612.00 Td (ener) Tj ET Q q 0 0 0 rg BT 377.51 612.00 Td (a) Tj ET Q q 0 0 0 rg BT 382.21 612.00 Td (t) Tj ET Q q 0 0 0 rg BT 385.45 612.00 Td (e ec) Tj ET Q q 0 0 0 rg BT 401.81 612.00 Td (onomies of sc) Tj ET Q q 0 0 0 rg BT 457.68 612.00 Td (ale and oper) Tj ET Q q 0 0 0 rg BT 508.35 612.00 Td (a) Tj ET Q q 0 0 0 rg BT 513.04 612.00 Td (ting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 600.00 Td (s) Tj ET Q q 0 0 0 rg BT 57.73 600.00 Td (yner) Tj ET Q q 0 0 0 rg BT 75.84 600.00 Td (gies, as w) Tj ET Q q 0 0 0 rg BT 114.50 600.00 Td (ell as r) Tj ET Q q 0 0 0 rg BT 140.65 600.00 Td (eal-time loc) Tj ET Q q 0 0 0 rg BT 188.35 600.00 Td (al kno) Tj ET Q q 0 0 0 rg BT 212.73 600.00 Td (wledg) Tj ET Q q 0 0 0 rg BT 237.03 600.00 Td (e of its pr) Tj ET Q q 0 0 0 rg BT 275.25 600.00 Td (operties, t) Tj ET Q q 0 0 0 rg BT 316.76 600.00 Td (enan) Tj ET Q q 0 0 0 rg BT 336.94 600.00 Td (ts, neighbourhoods and the mark) Tj ET Q q 0 0 0 rg BT 471.83 600.00 Td (e) Tj ET Q q 0 0 0 rg BT 476.75 600.00 Td (ts in which it ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 588.00 Td (oper) Tj ET Q q 0 0 0 rg BT 72.78 588.00 Td (a) Tj ET Q q 0 0 0 rg BT 77.48 588.00 Td (t) Tj ET Q q 0 0 0 rg BT 80.72 588.00 Td (es. Within each of these mark) Tj ET Q q 0 0 0 rg BT 201.31 588.00 Td (e) Tj ET Q q 0 0 0 rg BT 206.23 588.00 Td (ts, the Compan) Tj ET Q q 0 0 0 rg BT 267.79 588.00 Td (y t) Tj ET Q q 0 0 0 rg BT 277.81 588.00 Td (ar) Tj ET Q q 0 0 0 rg BT 285.95 588.00 Td (g) Tj ET Q q 0 0 0 rg BT 290.57 588.00 Td (e) Tj ET Q q 0 0 0 rg BT 295.49 588.00 Td (ts w) Tj ET Q q 0 0 0 rg BT 312.08 588.00 Td (ell-loc) Tj ET Q q 0 0 0 rg BT 336.42 588.00 Td (a) Tj ET Q q 0 0 0 rg BT 341.11 588.00 Td (t) Tj ET Q q 0 0 0 rg BT 344.36 588.00 Td (ed pr) Tj ET Q q 0 0 0 rg BT 365.43 588.00 Td (operties with s) Tj ET Q q 0 0 0 rg BT 425.31 588.00 Td (tr) Tj ET Q q 0 0 0 rg BT 431.99 588.00 Td (ong demogr) Tj ET Q q 0 0 0 rg BT 480.96 588.00 Td (aphics tha) Tj ET Q q 0 0 0 rg BT 522.26 588.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 576.00 Td (Manag) Tj ET Q q 0 0 0 rg BT 82.01 576.00 Td (emen) Tj ET Q q 0 0 0 rg BT 105.11 576.00 Td (t e) Tj ET Q q 0 0 0 rg BT 115.54 576.00 Td (xpects will a) Tj ET Q q 0 0 0 rg BT 164.84 576.00 Td (t) Tj ET Q q 0 0 0 rg BT 168.05 576.00 Td (tr) Tj ET Q q 0 0 0 rg BT 174.68 576.00 Td (act quality t) Tj ET Q q 0 0 0 rg BT 222.58 576.00 Td (enan) Tj ET Q q 0 0 0 rg BT 242.76 576.00 Td (ts with long lease t) Tj ET Q q 0 0 0 rg BT 318.83 576.00 Td (erms. Fir) Tj ET Q q 0 0 0 rg BT 354.18 576.00 Td (s) Tj ET Q q 0 0 0 rg BT 357.98 576.00 Td (t Capit) Tj ET Q q 0 0 0 rg BT 384.49 576.00 Td (al R) Tj ET Q q 0 0 0 rg BT 399.09 576.00 Td (ealty assesses the quality of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 564.00 Td (loc) Tj ET Q q 0 0 0 rg BT 65.71 564.00 Td (a) Tj ET Q q 0 0 0 rg BT 70.41 564.00 Td (tions based on a number of f) Tj ET Q q 0 0 0 rg BT 186.95 564.00 Td (act) Tj ET Q q 0 0 0 rg BT 199.22 564.00 Td (or) Tj ET Q q 0 0 0 rg BT 207.81 564.00 Td (s in the tr) Tj ET Q q 0 0 0 rg BT 246.27 564.00 Td (ade ar) Tj ET Q q 0 0 0 rg BT 271.69 564.00 Td (ea of a pr) Tj ET Q q 0 0 0 rg BT 309.93 564.00 Td (operty) Tj ET Q q 0 0 0 rg BT 336.08 564.00 Td (, including demogr) Tj ET Q q 0 0 0 rg BT 411.42 564.00 Td (aphic tr) Tj ET Q q 0 0 0 rg BT 442.20 564.00 Td (ends, pot) Tj ET Q q 0 0 0 rg BT 480.12 564.00 Td (en) Tj ET Q q 0 0 0 rg BT 490.26 564.00 Td (tial f) Tj ET Q q 0 0 0 rg BT 508.09 564.00 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 552.00 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 552.00 Td (ompe) Tj ET Q q 0 0 0 rg BT 81.58 552.00 Td (titiv) Tj ET Q q 0 0 0 rg BT 97.29 552.00 Td (e r) Tj ET Q q 0 0 0 rg BT 107.88 552.00 Td (e) Tj ET Q q 0 0 0 rg BT 112.80 552.00 Td (t) Tj ET Q q 0 0 0 rg BT 116.03 552.00 Td (ail space and e) Tj ET Q q 0 0 0 rg BT 175.47 552.00 Td (xis) Tj ET Q q 0 0 0 rg BT 185.90 552.00 Td (ting and pot) Tj ET Q q 0 0 0 rg BT 235.09 552.00 Td (en) Tj ET Q q 0 0 0 rg BT 245.23 552.00 Td (tial t) Tj ET Q q 0 0 0 rg BT 263.46 552.00 Td (enan) Tj ET Q q 0 0 0 rg BT 283.64 552.00 Td (ts in the mark) Tj ET Q q 0 0 0 rg BT 339.30 552.00 Td (e) Tj ET Q q 0 0 0 rg BT 344.22 552.00 Td (t.) Tj ET Q BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 531.60 Td (Acquisitions ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 516.60 Td (Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.01 516.60 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.11 516.60 Td (t seek) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.03 516.60 Td (s t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.46 516.60 Td (o acquir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.17 516.60 Td (e w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.46 516.60 Td (ell-loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.81 516.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.50 516.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.75 516.60 Td (ed, high quality urban r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.18 516.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.10 516.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.33 516.60 Td (ail-cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.13 516.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.38 516.60 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.71 516.60 Td (ed pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 379.78 516.60 Td (operties in the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.91 516.60 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.74 516.60 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.63 516.60 Td (s t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.03 516.60 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.17 516.60 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.79 516.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.71 516.60 Td (t urban ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 504.60 Td (mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.49 504.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.41 504.60 Td (ts f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.77 504.60 Td (ocussing on the quality) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.55 504.60 Td (, sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.27 504.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.49 504.60 Td (ainability and gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.49 504.60 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.72 504.60 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.89 504.60 Td (th pot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.53 504.60 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.66 504.60 Td (tial of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.59 504.60 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.73 504.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.96 504.60 Td (al inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.00 504.60 Td (ome. These pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.85 504.60 Td (operties ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.77 504.60 Td (e acquir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.19 504.60 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 492.60 Td (when the) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.41 492.60 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.34 492.60 Td (omplemen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.25 492.60 Td (t or add v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.81 492.60 Td (alue t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.64 492.60 Td (o the e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.84 492.60 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.26 492.60 Td (ting portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.33 492.60 Td (olio or pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.33 492.60 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.56 492.60 Td (vide opportunity f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.53 492.60 Td (or r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.91 492.60 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.06 492.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.48 492.60 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.41 492.60 Td (t or r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.39 492.60 Td (epositioning. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 480.60 Td (Once the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.89 480.60 Td (y has acquir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.06 480.60 Td (ed a pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.18 480.60 Td (operty in a specific r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.03 480.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.95 480.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.17 480.60 Td (ail tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.45 480.60 Td (ade ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.87 480.60 Td (ea, Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 379.40 480.60 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.50 480.60 Td (t will look t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.31 480.60 Td (o acquir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.02 480.60 Td (e adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 518.84 480.60 Td (t or ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 468.60 Td (nearb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.71 468.60 Td (y pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.08 468.60 Td (operties. These adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.22 468.60 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.41 468.60 Td (operties allo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.81 468.60 Td (w the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.76 468.60 Td (y t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.80 468.60 Td (o pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.92 468.60 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.15 468.60 Td (vide ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.13 468.60 Td (ximum fle) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.42 468.60 Td (xibility t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.58 468.60 Td (o its t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.17 468.60 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.35 468.60 Td (t base t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.40 468.60 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 456.60 Td (mee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.89 456.60 Td (t changing f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.09 456.60 Td (orma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.53 456.60 Td (ts and siz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.54 456.60 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.14 456.60 Td (equir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.27 456.60 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.37 456.60 Td (ts o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.12 456.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.54 456.60 Td (er the long t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.13 456.60 Td (erm. Adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.96 456.60 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.15 456.60 Td (operties also allo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.07 456.60 Td (w the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.03 456.60 Td (y t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.07 456.60 Td (o e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 519.42 456.60 Td (xpand ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 444.60 Td (or in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.48 444.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.72 444.60 Td (ensif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.25 444.60 Td (y its e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.68 444.60 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.11 444.60 Td (ting pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.55 444.60 Td (operty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.71 444.60 Td (, pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.04 444.60 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.27 444.60 Td (viding a be) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.08 444.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.29 444.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.53 444.60 Td (er r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.61 444.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.53 444.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.75 444.60 Td (ail pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.97 444.60 Td (oduct and ser) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.62 444.60 Td (vice of) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.12 444.60 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.93 444.60 Td (ering f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.75 444.60 Td (or c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.91 444.60 Td (onsumer) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.88 444.60 Td (s. Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.59 444.60 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.69 444.60 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 432.60 Td (belie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.75 432.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.17 432.60 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.61 432.60 Td (t its adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.63 432.60 Td (t sit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.69 432.60 Td (e acquisitions r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.65 432.60 Td (esult in a be) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.73 432.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.94 432.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.18 432.60 Td (er mix of g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.01 432.60 Td (oods and ser) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.00 432.60 Td (vices of) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.42 432.60 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.22 432.60 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.55 432.60 Td (ed and, ultima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.97 432.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.22 432.60 Td (ely) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 492.30 432.60 Td (, a be) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.28 432.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.49 432.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.73 432.60 Td (er ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 420.60 Td (long-t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.83 420.60 Td (erm r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.90 420.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.82 420.60 Td (turn on in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.60 420.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.01 420.60 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.79 420.60 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.26 420.60 Td (t, with a lo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.26 420.60 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.32 420.60 Td (er le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.26 420.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.68 420.60 Td (el of risk.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 402.60 Td (Thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.45 402.60 Td (ough acquisitions, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.61 402.60 Td (y e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.22 402.60 Td (xpands its pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.70 402.60 Td (esence in its t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.14 402.60 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.28 402.60 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.90 402.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.82 402.60 Td (t urban mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.22 402.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.14 402.60 Td (ts in Canada, and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.14 402.60 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.58 402.60 Td (tinues t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.13 402.60 Td (o g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.29 402.60 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 533.78 402.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 538.47 402.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 541.71 402.60 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 390.60 Td (gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.06 390.60 Td (ea) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.73 390.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.98 390.60 Td (er ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.82 390.60 Td (onomies of sc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.69 390.60 Td (ale and leasing and oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.41 390.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.10 390.60 Td (ting s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.70 390.60 Td (yner) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.80 390.60 Td (gies. Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.49 390.60 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.59 390.60 Td (t will c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.64 390.60 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.07 390.60 Td (tinue t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.71 390.60 Td (o look f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 458.74 390.60 Td (or s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.56 390.60 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.19 390.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.88 390.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.13 390.60 Td (egic ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 378.60 Td (acquisitions, in both e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.89 378.60 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.32 378.60 Td (ting mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.67 378.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.59 378.60 Td (ts and mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.16 378.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.08 378.60 Td (ts wher) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.34 378.60 Td (e the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.12 378.60 Td (y does not y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.12 378.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.04 378.60 Td (t ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.53 378.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.95 378.60 Td (e a pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.85 378.60 Td (esence. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 360.60 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 360.60 Td (y also r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.74 360.60 Td (ecy) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.34 360.60 Td (cles its c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.98 360.60 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.54 360.60 Td (al t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.14 360.60 Td (o fund ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.93 360.60 Td (w in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.72 360.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.14 360.60 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.92 360.60 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.39 360.60 Td (ts b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.12 360.60 Td (y selling asse) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.43 360.60 Td (ts in cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.68 360.60 Td (ain mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.77 360.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.69 360.60 Td (ts tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.51 360.60 Td (t ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.27 360.60 Td (e no long) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.74 360.60 Td (er ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 348.60 Td (aligned with its c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.10 348.60 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.73 348.60 Td (e s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.76 348.60 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.39 348.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.09 348.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.33 348.60 Td (egies.) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 328.20 Td (De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.55 328.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.11 328.20 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.12 328.20 Td (t, R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.67 328.20 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.13 328.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.70 328.20 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.71 328.20 Td (t and Land Use In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.59 328.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.60 328.20 Td (ensific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.51 328.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.33 328.20 Td (tion) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 313.20 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 313.20 Td (y pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.68 313.20 Td (sues selectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.44 313.20 Td (e de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.86 313.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.28 313.20 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.20 313.20 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.72 313.20 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.88 313.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.30 313.20 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.22 313.20 Td (t activities including land use in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.91 313.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.15 313.20 Td (ensific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.08 313.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.77 313.20 Td (tion pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.79 313.20 Td (ojects, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 301.20 Td (primarily on its o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.52 301.20 Td (wn, but also with partner) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.05 301.20 Td (s, in or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.15 301.20 Td (der t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.38 301.20 Td (o achie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.41 301.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.83 301.20 Td (e a be) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.29 301.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.50 301.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.74 301.20 Td (er r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.82 301.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.74 301.20 Td (turn on its portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.16 301.20 Td (olio o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.78 301.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.20 301.20 Td (er the long t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.80 301.20 Td (erm. The ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 289.20 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 289.20 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.51 289.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.93 289.20 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.85 289.20 Td (t activities ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.87 289.20 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.95 289.20 Td (ocussed primarily on the older) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.75 289.20 Td (, w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.57 289.20 Td (ell-loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.91 289.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.60 289.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.85 289.20 Td (ed shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.17 289.20 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.87 289.20 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.32 289.20 Td (t the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.47 289.20 Td (y o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 506.50 289.20 Td (wns and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 277.20 Td (activ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.08 277.20 Td (ely seek) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.46 277.20 Td (s t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.88 277.20 Td (o acquir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.59 277.20 Td (e. These pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.18 277.20 Td (operties ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.10 277.20 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.70 277.20 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.85 277.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.27 277.20 Td (eloped and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.94 277.20 Td (xpanded, o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.04 277.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.46 277.20 Td (er time, in c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.50 277.20 Td (onjunction with anchor t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 516.69 277.20 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 536.87 277.20 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 265.20 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 265.20 Td (epositioning and changing r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.42 265.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.34 265.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.56 265.20 Td (ail en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.27 265.20 Td (vir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.41 265.20 Td (onmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.06 265.20 Td (ts. R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.36 265.20 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.51 265.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.93 265.20 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.86 265.20 Td (t of e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.88 265.20 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.30 265.20 Td (ting pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.75 265.20 Td (operties g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.15 265.20 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.64 265.20 Td (ally c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.95 265.20 Td (arries a lo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.74 265.20 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.80 265.20 Td (er mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 526.01 265.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.93 265.20 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 253.20 Td (risk due t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.50 253.20 Td (o the urban loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.88 253.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.58 253.20 Td (tions, e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.24 253.20 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.67 253.20 Td (ting t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.78 253.20 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.96 253.20 Td (t base and the land use in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.87 253.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.11 253.20 Td (ensific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.04 253.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.73 253.20 Td (tion opportunities. R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.43 253.20 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.59 253.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.01 253.20 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.93 253.20 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 241.20 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 241.20 Td (ojects ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.12 241.20 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.50 241.20 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.64 241.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.53 241.20 Td (fully manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.66 241.20 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.40 241.20 Td (o minimiz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.78 241.20 Td (e t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.25 241.20 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.43 241.20 Td (t do) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.53 241.20 Td (wn) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.84 241.20 Td (time. T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.66 241.20 Td (ypic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.88 241.20 Td (ally) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.07 241.20 Td (, t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.07 241.20 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.25 241.20 Td (ts c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.92 241.20 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.35 241.20 Td (tinue t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.99 241.20 Td (o oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.31 241.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.01 241.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.25 241.20 Td (e during the planning) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 540.05 241.20 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 229.20 Td (z) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.73 229.20 Td (oning and leasing phases of the pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.18 229.20 Td (oject with modes) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.26 229.20 Td (t holdo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.36 229.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.78 229.20 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.69 229.20 Td ( inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.83 229.20 Td (ome fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.70 229.20 Td (om t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.47 229.20 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.65 229.20 Td (ts oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.95 229.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.65 229.20 Td (ting during this period. The ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 217.20 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.71 217.20 Td (y will some) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.88 217.20 Td (times c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.81 217.20 Td (arr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.62 217.20 Td (y v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.78 217.20 Td (ac) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.71 217.20 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.66 217.20 Td (t space in a pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.13 217.20 Td (operty f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.10 217.20 Td (or a planned futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.77 217.20 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.83 217.20 Td (xpansion of t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.28 217.20 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.46 217.20 Td (ts or r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.36 217.20 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.48 217.20 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.95 217.20 Td (figur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.54 217.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.24 217.20 Td (tion of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 205.20 Td (a pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.63 205.20 Td (operty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.84 205.20 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 187.20 Td (Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.01 187.20 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.11 187.20 Td (t belie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.46 187.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.88 187.20 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.33 187.20 Td (t the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.49 187.20 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.32 187.20 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 221.20 187.20 Td (s shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.20 187.20 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.91 187.20 Td (es, along with its portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.46 187.20 Td (olio of adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.03 187.20 Td (t sit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.09 187.20 Td (es, giv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.16 187.20 Td (es it a unique ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 175.20 Td (opportunity t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.08 175.20 Td (o participa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.27 175.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.51 175.20 Td (e in urban land use in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.56 175.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.81 175.20 Td (ensific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.73 175.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.43 175.20 Td (tion in its v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.86 175.20 Td (arious mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.62 175.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.54 175.20 Td (ts. The land use in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.66 175.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.90 175.20 Td (ensific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.83 175.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.53 175.20 Td (tion tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.66 175.20 Td (end in the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 163.20 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.71 163.20 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.54 163.20 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.42 163.20 Td (s t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.82 163.20 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.96 163.20 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.58 163.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.50 163.20 Td (t urban mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.90 163.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.82 163.20 Td (ts is driv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.27 163.20 Td (en b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.96 163.20 Td (y the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.73 163.20 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.81 163.20 Td (ts f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.17 163.20 Td (or municipalities t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.18 163.20 Td (o e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.54 163.20 Td (xpand in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.17 163.20 Td (fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.51 163.20 Td (as) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.10 163.20 Td (tructur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.37 163.20 Td (e be) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 458.78 163.20 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.18 163.20 Td (ond e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.05 163.20 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.48 163.20 Td (ting urban ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 151.20 Td (boundaries, the desir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.13 151.20 Td (e b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.57 151.20 Td (y municipalities t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 221.35 151.20 Td (o incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.02 151.20 Td (ease their t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.78 151.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.48 151.20 Td (x base, en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.82 151.20 Td (vir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.96 151.20 Td (onmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.61 151.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.84 151.20 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.33 151.20 Td (onsider) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.57 151.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.27 151.20 Td (tions and the migr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.28 151.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.98 151.20 Td (tion of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 139.20 Td (people t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.54 139.20 Td (o vibr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.42 139.20 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.37 139.20 Td (t urban cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.65 139.20 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.35 139.20 Td (es. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.09 139.20 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.92 139.20 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.81 139.20 Td (s land use in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.69 139.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.93 139.20 Td (ensific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.86 139.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.56 139.20 Td (tion activities ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.40 139.20 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.48 139.20 Td (ocussed primarily on incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.14 139.20 Td (easing ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 127.20 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 127.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.28 127.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.50 127.20 Td (ail space on a pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.98 127.20 Td (operty and, t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.41 127.20 Td (o a lesser degr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.11 127.20 Td (ee, adding mix) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.98 127.20 Td (ed-use density) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.52 127.20 Td (, including r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.73 127.20 Td (esiden) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.30 127.20 Td (tial pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.87 127.20 Td (ojects and of) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 509.05 127.20 Td (fice uses. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 115.20 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 115.20 Td (y has pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.65 115.20 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.88 115.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.30 115.20 Td (en de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.97 115.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.39 115.20 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.31 115.20 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.84 115.20 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.99 115.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.41 115.20 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.33 115.20 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.09 115.20 Td (apabilities acr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.20 115.20 Td (oss the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.54 115.20 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.23 115.20 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.11 115.20 Td (y t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.15 115.20 Td (o enable it t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.65 115.20 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.33 115.20 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.89 115.20 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.00 115.20 Td (e on ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 103.20 Td (these opportunities and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.59 103.20 Td (xpects these land use in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.34 103.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.58 103.20 Td (ensific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.51 103.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.21 103.20 Td (tion activities t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.16 103.20 Td (o incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.83 103.20 Td (ease o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.97 103.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.39 103.20 Td (er the ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.03 103.20 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.39 103.20 Td (t se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.84 103.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.26 103.20 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.51 103.20 Td (al y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.26 103.20 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.34 103.20 Td (s. T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.03 103.20 Td (o a lesser ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 91.20 Td (degr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.29 91.20 Td (ee, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.54 91.20 Td (y de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.51 91.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.93 91.20 Td (elop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.68 91.20 Td (s ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.03 91.20 Td (w pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.02 91.20 Td (operties on gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.62 91.20 Td (ound-up sit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.94 91.20 Td (es and typic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 361.21 91.20 Td (ally has a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.29 91.20 Td (t leas) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.76 91.20 Td (t one gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.17 91.20 Td (ound-up de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.21 91.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.63 91.20 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 538.56 91.20 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 79.20 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 79.20 Td (oject in the planning s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.87 79.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.10 79.20 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.51 79.20 Td (e or under) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.05 79.20 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.08 79.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.69 79.20 Td (y in each r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.15 79.20 Td (egion. ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (7) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.61 694.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.03 694.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.80 694.50 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.28 694.50 Td (ts in r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.96 694.50 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.12 694.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.54 694.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.46 694.50 Td (t and de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.81 694.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.23 694.50 Td (elopmen) Tj 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0.20392156862745098 0.20784313725490197 rg BT 468.04 694.50 Td (s t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.47 694.50 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.97 694.50 Td (al asse) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.85 694.50 Td (ts \(a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.10 694.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 682.50 Td (in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.38 682.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.80 682.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.58 682.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.82 682.50 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.45 682.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.53 682.50 Td (t\) a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.87 682.50 Td (t an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.33 682.50 Td (y giv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.54 682.50 Td (en time. De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.51 682.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.92 682.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.85 682.50 Td (t activities ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.87 682.50 Td (e s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.90 682.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.54 682.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.23 682.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.47 682.50 Td (egic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.60 682.50 Td (ally manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.21 682.50 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.95 682.50 Td (o r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.84 682.50 Td (educe leasing risk) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.42 682.50 Td (s b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.80 682.50 Td (y ob) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.07 682.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.30 682.50 Td (aining lease ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 670.50 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 670.50 Td (ommitmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.17 670.50 Td (ts fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.06 670.50 Td (om anchor and major t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.13 670.50 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.31 670.50 Td (ts prior t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.13 670.50 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.81 670.50 Td (ommencing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.18 670.50 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.51 670.50 Td (truction. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.86 670.50 Td (y also uses e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.31 670.50 Td (xperts including ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 658.50 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.13 658.50 Td (chit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.15 658.50 Td (ects, engineer) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.12 658.50 Td (s and urban planning c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.66 658.50 Td (onsult) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.88 658.50 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.83 658.50 Td (ts, and neg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.27 658.50 Td (otia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.88 658.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.13 658.50 Td (es c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.42 658.50 Td (ompe) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.86 658.50 Td (titiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.57 658.50 Td (e fix) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.22 658.50 Td (ed-price c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.15 658.50 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.48 658.50 Td (truction c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.38 658.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.81 658.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.44 658.50 Td (acts.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 640.50 Td (These de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.43 640.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.85 640.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.77 640.50 Td (t and land use in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.65 640.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.89 640.50 Td (ensific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.82 640.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.52 640.50 Td (tion activities pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.80 640.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.03 640.50 Td (vide the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.88 640.50 Td (y with an opportunity t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.36 640.50 Td (o use its e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.93 640.50 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.36 640.50 Td (ting ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 628.50 Td (pla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.25 628.50 Td (tf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.44 628.50 Td (orm t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.70 628.50 Td (o sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.20 628.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.42 628.50 Td (ain and incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.71 628.50 Td (ease c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.77 628.50 Td (ash flo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.57 628.50 Td (w and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.89 628.50 Td (ealiz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.97 628.50 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.35 628.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.92 628.50 Td (al appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.92 628.50 Td (ecia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.12 628.50 Td (tion o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.78 628.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.20 628.50 Td (er the long t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.79 628.50 Td (erm thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.43 628.50 Td (ough its o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.23 628.50 Td (wner) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.92 628.50 Td (ship and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 616.50 Td (de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.18 616.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.60 616.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.52 616.50 Td (t activities.) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 596.10 Td (Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.51 596.10 Td (oactiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.58 596.10 Td (e Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.67 596.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.84 596.10 Td (t) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 581.10 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 581.10 Td (y vie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.59 581.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.66 581.10 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.41 581.10 Td (oactiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.76 581.10 Td (e manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.44 581.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.54 581.10 Td (t of its e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.38 581.10 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.81 581.10 Td (ting portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.88 581.10 Td (olio and ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.01 581.10 Td (wly acquir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.42 581.10 Td (ed pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.49 581.10 Td (operties as a c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.43 581.10 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.06 581.10 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.44 581.10 Td (ompe) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.88 581.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.12 581.10 Td (ency ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 569.10 Td (and an import) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.39 569.10 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.34 569.10 Td (t part of its s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.29 569.10 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.92 569.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.62 569.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.86 569.10 Td (egy) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.41 569.10 Td (. Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.69 569.10 Td (oactiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.04 569.10 Td (e manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.73 569.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.83 569.10 Td (t means the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.16 569.10 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.09 569.10 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.53 569.10 Td (tinues t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.08 569.10 Td (o in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.00 569.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.42 569.10 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.19 569.10 Td (t in pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.19 569.10 Td (operties t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 523.22 569.10 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 557.10 Td (ensur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.75 557.10 Td (e tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.29 557.10 Td (t the) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.41 557.10 Td (y r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.55 557.10 Td (emain c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.26 557.10 Td (ompe) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.70 557.10 Td (titiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.41 557.10 Td (e b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.85 557.10 Td (y a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 221.33 557.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.54 557.10 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.17 557.10 Td (acting quality r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.44 557.10 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.36 557.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.59 557.10 Td (ail t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.47 557.10 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.65 557.10 Td (ts and their cus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.63 557.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.88 557.10 Td (omer) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.44 557.10 Td (s o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.84 557.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.26 557.10 Td (er the long t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.85 557.10 Td (erm. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 545.10 Td (Specific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.84 545.10 Td (ally) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.03 545.10 Td (, Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.80 545.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.90 545.10 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.31 545.10 Td (triv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.86 545.10 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.26 545.10 Td (o cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.37 545.10 Td (ea) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.05 545.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.29 545.10 Td (e and main) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.32 545.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.54 545.10 Td (ain the highes) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.27 545.10 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.68 545.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.91 545.10 Td (andar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.34 545.10 Td (ds in ligh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.04 545.10 Td (ting) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.75 545.10 Td (, parking) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.95 545.10 Td (, access and g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.20 545.10 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.68 545.10 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 533.10 Td (appear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.34 533.10 Td (ance of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.99 533.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.81 533.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.70 533.10 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.45 533.10 Td (operties. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.83 533.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.65 533.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.54 533.10 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.29 533.10 Td (oactiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.65 533.10 Td (e manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.33 533.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.43 533.10 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.84 533.10 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.47 533.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.17 533.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.41 533.10 Td (egies ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.41 533.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.83 533.10 Td (e his) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 458.41 533.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.67 533.10 Td (oric) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.87 533.10 Td (ally c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.18 533.10 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.61 533.10 Td (tribut) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.49 533.10 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 521.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.25 521.10 Td (o impr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.65 521.10 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.88 521.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.30 521.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.40 521.10 Td (ts in occupancy le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.25 521.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.67 521.10 Td (els and a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.29 521.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.71 521.10 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.97 521.10 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.38 521.10 Td (e lease r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.11 521.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.80 521.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.05 521.10 Td (es thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.12 521.10 Td (oughout the portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.79 521.10 Td (olio.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 503.10 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 503.10 Td (y is fully in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.46 503.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.70 503.10 Td (ernaliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.53 503.10 Td (ed and all v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.58 503.10 Td (alue cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.74 503.10 Td (ea) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.42 503.10 Td (tion activities, including de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.89 503.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.31 503.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.23 503.10 Td (t manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.29 503.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.39 503.10 Td (t, leasing) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.83 503.10 Td (, pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.17 503.10 Td (operty ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 491.10 Td (manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.45 491.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.55 491.10 Td (t, lease adminis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.54 491.10 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.17 491.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.86 491.10 Td (tion, leg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.58 491.10 Td (al, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.57 491.10 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.90 491.10 Td (truction manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.09 491.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.19 491.10 Td (t and t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.60 491.10 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.79 491.10 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.54 491.10 Td (o-or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.50 491.10 Td (dina) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.00 491.10 Td (tion functions, ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.20 491.10 Td (e dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.34 491.10 Td (ectly ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 479.10 Td (manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.45 479.10 Td (ed and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.32 479.10 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.39 479.10 Td (ecut) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.09 479.10 Td (ed b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.78 479.10 Td (y e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.39 479.10 Td (xperienced r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.04 479.10 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.13 479.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.36 479.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.06 479.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.30 479.10 Td (e pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.12 479.10 Td (of) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.19 479.10 Td (essionals. Corpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.49 479.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.19 479.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.43 479.10 Td (e financing) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.91 479.10 Td (, human r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.82 479.10 Td (esour) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.58 479.10 Td (ces, and mos) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.07 479.10 Td (t of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 467.10 Td (senior manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.90 467.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.00 467.10 Td (t ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.76 467.10 Td (e cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.36 467.10 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.99 467.10 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.10 467.10 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.28 467.10 Td (t the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 259.44 467.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.27 467.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.15 467.10 Td (s head of) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.09 467.10 Td (fice loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.61 467.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.31 467.10 Td (tion in T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.54 467.10 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.13 467.10 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.57 467.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.82 467.10 Td (o. Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.37 467.10 Td (operty manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.94 467.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 489.04 467.10 Td (t and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 455.10 Td (oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.78 455.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.48 455.10 Td (tions ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.97 455.10 Td (e cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.57 455.10 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.20 455.10 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.31 455.10 Td (ed in or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.23 455.10 Td (der t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.46 455.10 Td (o ensur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.74 455.10 Td (e tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.28 455.10 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.04 455.10 Td (onsis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.57 455.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.81 455.10 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.95 455.10 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.36 455.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.58 455.10 Td (andar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.02 455.10 Td (ds of oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.82 455.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.51 455.10 Td (tion and main) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.74 455.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.98 455.10 Td (enance ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.86 455.10 Td (e achie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.59 455.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.01 455.10 Td (ed. R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 528.28 455.10 Td (eal ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 443.10 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.77 443.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.00 443.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.70 443.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.94 443.10 Td (e acquisitions, de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.22 443.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.64 443.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.57 443.10 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.09 443.10 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.25 443.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.67 443.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.59 443.10 Td (t, leasing) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.03 443.10 Td (, and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.49 443.10 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.82 443.10 Td (truction ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.71 443.10 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.78 443.10 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.84 443.10 Td (ecut) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.54 443.10 Td (ed thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.96 443.10 Td (ough loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.42 443.10 Td (al t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 492.01 443.10 Td (eams loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.65 443.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 532.35 443.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 535.59 443.10 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 431.10 Td (in the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.36 431.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.18 431.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.07 431.10 Td (s of) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.47 431.10 Td (fices in T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.99 431.10 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.58 431.10 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.02 431.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.27 431.10 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.36 431.10 Td (, Mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.10 431.10 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.81 431.10 Td (eal, Ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.45 431.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.68 431.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.40 431.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.44 431.10 Td (a, Calg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.92 431.10 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.25 431.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.06 431.10 Td (, E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.55 431.10 Td (dmon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.23 431.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.48 431.10 Td (on and V) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.95 431.10 Td (anc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.14 431.10 Td (ouv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.08 431.10 Td (er in or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.24 431.10 Td (der t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.47 431.10 Td (o e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.89 431.10 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.84 431.10 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.64 431.10 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.91 431.10 Td (ely ser) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.44 431.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.85 431.10 Td (e the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 419.10 Td (major urban mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.98 419.10 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.90 419.10 Td (ts wher) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.15 419.10 Td (e Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.60 419.10 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.39 419.10 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.90 419.10 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.50 419.10 Td (ealty oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.48 419.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.18 419.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 273.42 419.10 Td (es. In addition, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.20 419.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.03 419.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.91 419.10 Td (s manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.53 419.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.63 419.10 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.48 419.10 Td (eam possesses ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 407.10 Td (signific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.95 407.10 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.91 407.10 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.87 407.10 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.79 407.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.02 407.10 Td (ail e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.48 407.10 Td (xperience, which c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.60 407.10 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.04 407.10 Td (tribut) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.92 407.10 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.32 407.10 Td (o the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.40 407.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.23 407.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.11 407.10 Td (s in-dep) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.33 407.10 Td (th kno) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.23 407.10 Td (wledg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.53 407.10 Td (e of its t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.41 407.10 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.59 407.10 Td (ts and mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.16 407.10 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.08 407.10 Td (t tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.39 407.10 Td (ends.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 389.10 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 389.10 Td (y oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.64 389.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.34 389.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.58 389.10 Td (es solely in Canada, in thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.81 389.10 Td (ee oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.80 389.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.50 389.10 Td (ting r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.72 389.10 Td (egions, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.25 389.10 Td (eporting t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.36 389.10 Td (o a r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.29 389.10 Td (egional e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.97 389.10 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.04 389.10 Td (ecutiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.56 389.10 Td (e, as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.09 389.10 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.19 389.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.25 389.10 Td (s: E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.82 389.10 Td (as) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.41 389.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.65 389.10 Td (ern ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 377.10 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 377.10 Td (egion, which primarily includes oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.24 377.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.94 377.10 Td (tions in Quebec and the Ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.00 377.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.23 377.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.95 377.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.98 377.10 Td (a ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.18 377.10 Td (ea; Cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.35 377.10 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 384.98 377.10 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.68 377.10 Td (egion, which includes the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 536.66 377.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 541.49 377.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 543.37 377.10 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 365.10 Td (On) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.78 365.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.01 365.10 Td (ario oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.90 365.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.60 365.10 Td (tions, e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.26 365.10 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.37 365.10 Td (cluding Ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.74 365.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.97 365.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.69 365.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.73 365.10 Td (a; and W) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.54 365.10 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.32 365.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.56 365.10 Td (ern r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.89 365.10 Td (egion, which includes oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.10 365.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.80 365.10 Td (tions in Albert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.98 365.10 Td (a and British Columbia. ) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 344.70 Td (Incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.79 344.70 Td (easing E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.86 344.70 Td (fficiency and Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.29 344.70 Td (oductivity of Oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.49 344.70 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.30 344.70 Td (tions) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 329.70 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 329.70 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.00 329.70 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.44 329.70 Td (tinues t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.99 329.70 Td (o f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.36 329.70 Td (ocus on oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.86 329.70 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.56 329.70 Td (ting e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.32 329.70 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.27 329.70 Td (ficiency as it gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.28 329.70 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.52 329.70 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.58 329.70 Td (s its business. Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.13 329.70 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.23 329.70 Td (t is c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.45 329.70 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.88 329.70 Td (tinuously ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 317.70 Td (implemen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.93 317.70 Td (ting and impr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.22 317.70 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.45 317.70 Td (ving pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.06 317.70 Td (ocesses and s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.80 317.70 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.23 317.70 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.03 317.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.27 317.70 Td (ems necessar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.99 317.70 Td (y t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.03 317.70 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.71 317.70 Td (ap) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.71 317.70 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.67 317.70 Td (e, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.75 317.70 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.87 317.70 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.50 317.70 Td (d and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.92 317.70 Td (eport both oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.70 317.70 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.40 317.70 Td (ting and financial ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 305.70 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 305.70 Td (esults, and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.25 305.70 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.21 305.70 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.01 305.70 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.28 305.70 Td (ely manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.78 305.70 Td (e business e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.87 305.70 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.94 305.70 Td (ecution while achie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.55 305.70 Td (ving higher le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 361.04 305.70 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.46 305.70 Td (els of e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.37 305.70 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.33 305.70 Td (ficiency) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.52 305.70 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 285.30 Td (Cos) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.46 285.30 Td (t of Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.99 285.30 Td (al) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 270.30 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 270.30 Td (y seek) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.17 270.30 Td (s t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.60 270.30 Td (o main) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.36 270.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.59 270.30 Td (ain financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.50 270.30 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.21 270.30 Td (eng) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.99 270.30 Td (th in or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.29 270.30 Td (der t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.52 270.30 Td (o achie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.55 270.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.97 270.30 Td (e the lo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.57 270.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.63 270.30 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.41 270.30 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.16 270.30 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.23 270.30 Td (t of deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.87 270.30 Td (t and equity c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.10 270.30 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.67 270.30 Td (al o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.24 270.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.66 270.30 Td (er the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 258.30 Td (long t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.03 258.30 Td (erm. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.34 258.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.17 258.30 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.05 258.30 Td (s c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.37 258.30 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.93 258.30 Td (al s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.08 258.30 Td (tructur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.36 258.30 Td (e is k) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.28 258.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.19 258.30 Td (y t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.23 258.30 Td (o financing gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.19 258.30 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.42 258.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.59 258.30 Td (th and pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.59 258.30 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.82 258.30 Td (viding sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.37 258.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.60 258.30 Td (ainable c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.66 258.30 Td (ash dividends t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.39 258.30 Td (o its ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 246.30 Td (shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.31 246.30 Td (eholder) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.65 246.30 Td (s. In the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.58 246.30 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.67 246.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.90 246.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.60 246.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.84 246.30 Td (e indus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.93 246.30 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.82 246.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.63 246.30 Td (, financial le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.12 246.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.54 246.30 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.80 246.30 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.21 246.30 Td (e is used t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.82 246.30 Td (o enhance r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.63 246.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.33 246.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.57 246.30 Td (es of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.66 246.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.58 246.30 Td (turn on in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.35 246.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.77 246.30 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.55 246.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.79 246.30 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.42 246.30 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.99 246.30 Td (al. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 234.30 Td (Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.01 234.30 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.11 234.30 Td (t belie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.46 234.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.88 234.30 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.33 234.30 Td (t Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.15 234.30 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.95 234.30 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.46 234.30 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.05 234.30 Td (ealty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.29 234.30 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.18 234.30 Td (s c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.50 234.30 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.06 234.30 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.55 234.30 Td (omposition of senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.25 234.30 Td (ed deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.18 234.30 Td (t, mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.91 234.30 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.32 234.30 Td (e deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.00 234.30 Td (t, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.25 234.30 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.61 234.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.03 234.30 Td (ertible ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 222.30 Td (deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.62 222.30 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.58 222.30 Td (es and equity in its c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.97 222.30 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.54 222.30 Td (al base pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.65 222.30 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.88 222.30 Td (vides financing fle) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.66 222.30 Td (xibility and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.47 222.30 Td (educes risk) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.48 222.30 Td (s, while g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.00 222.30 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.48 222.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.18 222.30 Td (ting an accep) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.78 222.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 519.01 222.30 Td (able ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 210.30 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 210.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.28 210.30 Td (turn on in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.05 210.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.47 210.30 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.25 210.30 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.72 210.30 Td (t, t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.05 210.30 Td (aking in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.36 210.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.61 210.30 Td (o acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.31 210.30 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.00 210.30 Td (t the long-t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.28 210.30 Td (erm business s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.82 210.30 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.45 210.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.15 210.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.39 210.30 Td (egy of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.99 210.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.86 210.30 Td (. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.71 210.30 Td (y uses c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.96 210.30 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 516.32 210.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.74 210.30 Td (ertible ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 198.30 Td (deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.62 198.30 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.58 198.30 Td (es wher) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.46 198.30 Td (e both the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.38 198.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.62 198.30 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.95 198.30 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.73 198.30 Td (t and principal ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.45 198.30 Td (e pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.55 198.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.92 198.30 Td (able in shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.62 198.30 Td (es. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.36 198.30 Td (y also r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.03 198.30 Td (ecy) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.63 198.30 Td (cles c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.45 198.30 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.02 198.30 Td (al thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.29 198.30 Td (ough ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 186.30 Td (selectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.45 186.30 Td (e disposition of full or partial in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.05 186.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.29 186.30 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.62 186.30 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.40 186.30 Td (ts in pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 259.31 186.30 Td (operties. Wher) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.09 186.30 Td (e it is deemed appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.01 186.30 Td (opria) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.01 186.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 422.26 186.30 Td (e, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.53 186.30 Td (y will r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.90 186.30 Td (aise ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 174.30 Td (equity t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.17 174.30 Td (o finance its gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.66 174.30 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.89 174.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.06 174.30 Td (th and s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.28 174.30 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.99 174.30 Td (eng) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.77 174.30 Td (then its financial position.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 156.30 Td (DBR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.89 156.30 Td (S Limit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.77 156.30 Td (ed \(DBR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.37 156.30 Td (S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.89 156.30 Td (\) has r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.87 156.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.56 156.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.81 156.30 Td (ed the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.84 156.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.67 156.30 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.56 156.30 Td (s senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.42 156.30 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.53 156.30 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.48 156.30 Td (es as BBB\(high\), and Moody's has r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.55 156.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 506.25 156.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 509.49 156.30 Td (ed these ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 144.30 Td (deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.62 144.30 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.58 144.30 Td (es as Baa2, giving the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.11 144.30 Td (y the highes) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.02 144.30 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.92 144.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.61 144.30 Td (ting on unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.50 144.30 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.61 144.30 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.57 144.30 Td (es f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.56 144.30 Td (or a r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.98 144.30 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.08 144.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.30 144.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.00 144.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.24 144.30 Td (e en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.62 144.30 Td (tity in Canada ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 132.30 Td (\(pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.64 132.30 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.66 132.30 Td (tly held b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.34 132.30 Td (y the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.67 132.30 Td (y and one other public Canadian r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.60 132.30 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.69 132.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.92 132.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.62 132.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.86 132.30 Td (e en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.23 132.30 Td (tity\). Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.58 132.30 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.68 132.30 Td (t belie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.04 132.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.45 132.30 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.90 132.30 Td (t this, along ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 120.30 Td (with the quality of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.30 120.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.13 120.30 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.02 120.30 Td (s r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.54 120.30 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.64 120.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.87 120.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.56 120.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.81 120.30 Td (e portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.25 120.30 Td (olio and other business a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.53 120.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.74 120.30 Td (tribut) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.62 120.30 Td (es, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.40 120.30 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.84 120.30 Td (tribut) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.72 120.30 Td (e t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.21 120.30 Td (o r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 458.10 120.30 Td (educing the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 108.30 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.71 108.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.54 108.30 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.42 108.30 Td (s c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.74 108.30 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.81 108.30 Td (t of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.15 108.30 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.72 108.30 Td (al. ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 549.95 46.00 Td (8) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.00 Td (Corpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.96 693.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.77 693.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.79 693.00 Td (e R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.12 693.00 Td (esponsibility and Sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.13 693.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 221.17 693.00 Td (ainability) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 678.00 Td (Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.21 678.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.00 678.00 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.51 678.00 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.11 678.00 Td (ealty builds v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.20 678.00 Td (alue b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.98 678.00 Td (y cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.35 678.00 Td (ea) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.03 678.00 Td (ting and managing high-quality pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.67 678.00 Td (operties with long-t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.59 678.00 Td (erm appeal in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 666.00 Td (neighbourhoods and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.68 666.00 Td (ommunities tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.83 666.00 Td (t the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.99 666.00 Td (y belie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.52 666.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.94 666.00 Td (es will ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.26 666.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.68 666.00 Td (e a g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.60 666.00 Td (ood and gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.25 666.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.49 666.00 Td (wing cus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.43 666.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.69 666.00 Td (omer base w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.92 666.00 Td (ell in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.21 666.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.46 666.00 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 654.00 Td (futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.26 654.00 Td (e. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.09 654.00 Td (y also t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.64 654.00 Td (ak) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.65 654.00 Td (es a highly disciplined appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.64 654.00 Td (oach t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.70 654.00 Td (o the de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.25 654.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.67 654.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.59 654.00 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.12 654.00 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 422.27 654.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.69 654.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.61 654.00 Td (t of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 528.36 654.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 533.18 654.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 535.07 654.00 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 642.00 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 642.00 Td (operties acr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.70 642.00 Td (oss Canada. In Ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.24 642.00 Td (y 2006, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.61 642.00 Td (y embark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.11 642.00 Td (ed on the pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.18 642.00 Td (th t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.30 642.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.53 642.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.57 642.00 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.71 642.00 Td (ds sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.10 642.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.32 642.00 Td (ainability with a c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.23 642.00 Td (ommitmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 532.25 642.00 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 541.11 642.00 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 630.00 Td (de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.18 630.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.60 630.00 Td (elop all futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.56 630.00 Td (e pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.38 630.00 Td (operties t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.41 630.00 Td (o Leader) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.46 630.00 Td (ship in Ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.71 630.00 Td (gy and En) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.73 630.00 Td (vir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.87 630.00 Td (onmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.52 630.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.75 630.00 Td (al Design \(LEED) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.00 630.00 Td (\) s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.28 630.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.50 630.00 Td (andar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.94 630.00 Td (ds. In 2009, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 543.50 630.00 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 618.00 Td (published its fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.49 618.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.28 618.00 Td (t Corpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.79 618.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.49 618.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.73 618.00 Td (e Sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.62 618.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.85 618.00 Td (ainability R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.50 618.00 Td (eport iden) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.79 618.00 Td (tif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.53 618.00 Td (ying fiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.34 618.00 Td (e long-t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.41 618.00 Td (erm g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.76 618.00 Td (oals. Since then, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.56 618.00 Td (y has published ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 606.00 Td (Corpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.90 606.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.60 606.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.84 606.00 Td (e R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.33 606.00 Td (esponsibility and Sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.69 606.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.91 606.00 Td (ainability \(CR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.16 606.00 Td (S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.69 606.00 Td (\) R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.42 606.00 Td (eports f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.77 606.00 Td (or 2010, 2011 and 2012. These CSR r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.20 606.00 Td (eports c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.85 606.00 Td (omply with the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 594.00 Td (Global R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.73 594.00 Td (eporting Initia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.00 594.00 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.06 594.00 Td (e \() Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.34 594.00 Td (GRI\), an in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.33 594.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.57 594.00 Td (erna) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.98 594.00 Td (tional non-pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.92 594.00 Td (ofit or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.78 594.00 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.30 594.00 Td (aniz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.42 594.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.12 594.00 Td (tion whose manda) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.36 594.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.60 594.00 Td (e is t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.55 594.00 Td (o es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.86 594.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.09 594.00 Td (ablish guidelines f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.47 594.00 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 582.00 Td (CR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.63 582.00 Td (S r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.84 582.00 Td (eports. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.94 582.00 Td (y is pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.78 582.00 Td (oud t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.07 582.00 Td (o be Canada's fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.35 582.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 273.15 582.00 Td (t publicly tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.05 582.00 Td (aded r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.94 582.00 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.03 582.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.26 582.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.96 582.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 379.20 582.00 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.58 582.00 Td (ompan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.96 582.00 Td (y t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.00 582.00 Td (o issue a GRI-c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.65 582.00 Td (omplian) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.71 582.00 Td (t and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 570.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.82 570.00 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.18 570.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.43 570.00 Td (ernally assur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.53 570.00 Td (ed CR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.65 570.00 Td (S r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.86 570.00 Td (eport.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 552.00 Td (On the en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.04 552.00 Td (vir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.18 552.00 Td (onmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.83 552.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.06 552.00 Td (al fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.78 552.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.21 552.00 Td (t, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.86 552.00 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.80 552.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.23 552.00 Td (tinues t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.78 552.00 Td (o de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.50 552.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.92 552.00 Td (elop its pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.37 552.00 Td (operties t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.40 552.00 Td (o LEED s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.12 552.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.35 552.00 Td (andar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.79 552.00 Td (ds. As a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.39 552.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.00 552.00 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.68 552.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 533.59 552.00 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 538.35 552.00 Td (50) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 548.48 552.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 540.00 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 540.00 Td (ojects a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.67 540.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.28 540.00 Td (31) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.42 540.00 Td ( pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.25 540.00 Td (operties c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.18 540.00 Td (omprising o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.14 540.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.55 540.00 Td (er ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.28 540.00 Td (1.1 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.89 540.00 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.72 540.00 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.76 540.00 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.66 540.00 Td (t of GLA w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.47 540.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.80 540.00 Td (e certified t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.46 540.00 Td (o LEED s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.18 540.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.41 540.00 Td (andar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.84 540.00 Td (ds. Another ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.43 540.00 Td (77) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.57 540.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 528.00 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 528.00 Td (ojects a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.67 528.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.28 528.00 Td (44) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.42 528.00 Td ( pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.25 528.00 Td (operties c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.18 528.00 Td (omprising o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.14 528.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.55 528.00 Td (er ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.28 528.00 Td (2.7 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.89 528.00 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.72 528.00 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.76 528.00 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.66 528.00 Td (t of GLA ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.56 528.00 Td (e under de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.46 528.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.88 528.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.80 528.00 Td (t, in the pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.13 528.00 Td (ocess of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 516.00 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 516.00 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.47 516.00 Td (truction or a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.96 516.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.00 516.00 Td (aiting LEED certific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.16 516.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.86 516.00 Td (tion. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 498.00 Td (Although the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.98 498.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.81 498.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.69 498.00 Td (s policy is t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.72 498.00 Td (o build t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.12 498.00 Td (o LEED s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.83 498.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.06 498.00 Td (andar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.50 498.00 Td (ds, this is subject t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 361.83 498.00 Td (o t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.61 498.00 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.79 498.00 Td (t accep) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.83 498.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.06 498.00 Td (ance and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.95 498.00 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.38 498.00 Td (ting ph) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.56 498.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.00 498.00 Td (sic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 522.35 498.00 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 486.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.80 486.00 Td (tructur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.08 486.00 Td (e limit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.41 486.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.11 486.00 Td (tions. As such, the squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.74 486.00 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.82 486.00 Td (oot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.59 486.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.01 486.00 Td (e lis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.63 486.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.88 486.00 Td (ed in this MD&A ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.41 486.00 Td (y not ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 384.02 486.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.25 486.00 Td (ch t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.24 486.00 Td (o the squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.18 486.00 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 458.26 486.00 Td (oot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.03 486.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.45 486.00 Td (e tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.98 486.00 Td (t is r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 519.42 486.00 Td (egis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 535.19 486.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 538.43 486.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 546.76 486.00 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 474.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.84 474.00 Td (or LEED certific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.07 474.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.77 474.00 Td (tion with the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.70 474.00 Td (ele) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.90 474.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.27 474.00 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.22 474.00 Td (t certific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.66 474.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.36 474.00 Td (tion body) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.44 474.00 Td (. Lik) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.95 474.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.87 474.00 Td (wise, the associa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.91 474.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.15 474.00 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.88 474.00 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.06 474.00 Td (ts pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.69 474.00 Td (emises ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.60 474.00 Td (y or ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.00 474.00 Td (y not be part ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 462.00 Td (of a LEED applic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.05 462.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.75 462.00 Td (tion.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 444.00 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 444.00 Td (educing ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.04 444.00 Td (gy and w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.13 444.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.82 444.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.07 444.00 Td (er c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.93 444.00 Td (onsump) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.82 444.00 Td (tion is also a k) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.53 444.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.44 444.00 Td (y part of the sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.76 444.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.99 444.00 Td (ainability s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.19 444.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.82 444.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.52 444.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.76 444.00 Td (egy) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.25 444.00 Td (, and the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.12 444.00 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.05 444.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.48 444.00 Td (tinues t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.03 444.00 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 432.00 Td (implemen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.93 432.00 Td (t ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.10 432.00 Td (gy and w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.19 432.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.88 432.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.13 432.00 Td (er c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.99 432.00 Td (onser) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.99 432.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.36 432.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.05 432.00 Td (tion measur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.76 432.00 Td (es, such as r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.63 432.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.55 432.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.22 432.00 Td (ofit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.05 432.00 Td (ting ligh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.38 432.00 Td (ting and w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.84 432.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.54 432.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.78 432.00 Td (er fix) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.21 432.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.17 432.00 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.56 432.00 Td (o mor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.71 432.00 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.84 432.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.79 432.00 Td (ficien) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 523.80 432.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 420.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.24 420.00 Td (echnology) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.37 420.00 Td (. All of these initia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.29 420.00 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.35 420.00 Td (es enhance the pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.91 420.00 Td (operties en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.25 420.00 Td (vir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.39 420.00 Td (onmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.04 420.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.27 420.00 Td (al perf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.17 420.00 Td (ormance and man) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.83 420.00 Td (y of them r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.39 420.00 Td (educe ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 408.00 Td (oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.78 408.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.48 408.00 Td (ting c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.49 408.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.57 408.00 Td (ts, bene) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.95 408.00 Td (fiting the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.71 408.00 Td (y's t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.86 408.00 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.04 408.00 Td (ts and shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.43 408.00 Td (eholder) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.77 408.00 Td (s.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 390.00 Td (Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.01 390.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.11 390.00 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.52 390.00 Td (triv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.07 390.00 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.47 390.00 Td (o main) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.24 390.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.46 390.00 Td (ain the highes) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.19 390.00 Td (t le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.02 390.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.44 390.00 Td (els of in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.92 390.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.16 390.00 Td (egrity and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.25 390.00 Td (thic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.29 390.00 Td (al business pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.20 390.00 Td (actices in all tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.99 390.00 Td (t it does. The ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 378.00 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.71 378.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.54 378.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.42 378.00 Td (s g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.23 378.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.46 378.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.88 378.00 Td (ernance s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.90 378.00 Td (tructur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.18 378.00 Td (e, Code of Conduct and E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.12 378.00 Td (thics, and all of its emplo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.25 378.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.65 378.00 Td (ee guidelines and policies ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.83 378.00 Td (e aimed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 543.33 378.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 366.00 Td (ensuring tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.70 366.00 Td (t all emplo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.68 366.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.09 366.00 Td (ees r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.56 366.00 Td (emain g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.77 366.00 Td (ood c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.97 366.00 Td (orpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.54 366.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.24 366.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.48 366.00 Td (e citiz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.61 366.00 Td (ens f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.85 366.00 Td (ocussed on building the long-t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.25 366.00 Td (erm v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.33 366.00 Td (alue of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.04 366.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.91 366.00 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 348.00 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.46 348.00 Td (or mor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.09 348.00 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.82 348.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.66 348.00 Td (orma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.11 348.00 Td (tion on the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.88 348.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.70 348.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.59 348.00 Td (s Corpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.66 348.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.36 348.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.60 348.00 Td (e R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.09 348.00 Td (esponsibility and Sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.45 348.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.67 348.00 Td (ainability) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.10 348.00 Td (, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.21 348.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.10 348.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.91 348.00 Td (er t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.88 348.00 Td (o the full r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.76 348.00 Td (eport a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 492.06 348.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 336.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.19 336.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.38 336.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.88 336.00 Td (.) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.21 336.00 Td (fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.88 336.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.67 336.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.90 336.00 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.05 336.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.61 336.00 Td (alr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.05 336.00 Td (ealty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.33 336.00 Td (.c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.00 336.00 Td (a.) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 315.60 Td (Adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.55 315.60 Td (tion of Ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.11 315.60 Td (w Acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.02 315.60 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.24 315.60 Td (ting St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.91 315.60 Td (andar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.75 315.60 Td (ds) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 300.60 Td (The in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.82 300.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.06 300.60 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.21 300.60 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.47 300.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.71 300.60 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.51 300.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.74 300.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.44 300.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.68 300.60 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.78 300.60 Td (ts f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.14 300.60 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.00 300.60 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.96 300.60 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.59 300.60 Td (ths ended) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.08 300.60 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.34 300.60 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.02 300.60 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.93 300.60 Td ( ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.07 300.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.49 300.60 Td (e been pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.05 300.60 Td (epar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.43 300.60 Td (ed b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.12 300.60 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 288.60 Td (applying the same acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.57 288.60 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.25 288.60 Td (ting policies and me) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.38 288.60 Td (thods of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.41 288.60 Td (omput) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.41 288.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.11 288.60 Td (tion as c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.65 288.60 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.31 288.60 Td (ed with the mos) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.00 288.60 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.97 288.60 Td (ecen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.31 288.60 Td (t annual ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 276.60 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 276.60 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.40 276.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.64 276.60 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.44 276.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.67 276.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.37 276.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.61 276.60 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.71 276.60 Td (ts, e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.55 276.60 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.66 276.60 Td (cep) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.07 276.60 Td (t f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.52 276.60 Td (or the adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 273.91 276.60 Td (tion of IFRIC 21, Le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.79 276.60 Td (vies \(IFRIC 21\) and the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.28 276.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.52 276.60 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.59 276.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.51 276.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.74 276.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.44 276.60 Td (tion of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 264.60 Td (IAS 17, Leases \(IAS 17\) with r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.11 264.60 Td (espect t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.31 264.60 Td (o the meaning of incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.42 264.60 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.52 264.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.75 264.60 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.24 264.60 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.32 264.60 Td (ts) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.12 264.60 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 246.60 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 246.60 Td (y has adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.60 246.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.84 246.60 Td (ed each of the s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.07 246.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.29 246.60 Td (andar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.73 246.60 Td (ds belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.92 246.60 Td (w on Januar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.92 246.60 Td (y 1, 2014: ) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 229.20 Td (\(a\) Le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.17 229.20 Td (vies) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 211.20 Td (IFRIC 21 clarifies tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.94 211.20 Td (t an en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.00 211.20 Td (tity r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.13 211.20 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.25 211.20 Td (ogniz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.51 211.20 Td (es a liability f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.20 211.20 Td (or a le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.50 211.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.07 211.20 Td (y when the activity tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.50 211.20 Td (t trig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.04 211.20 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.67 211.20 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.96 211.20 Td (s pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.99 211.20 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.64 211.20 Td (t, as iden) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.39 211.20 Td (tified ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 199.20 Td (b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.21 199.20 Td (y the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.19 199.20 Td (ele) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.38 199.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.75 199.20 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.71 199.20 Td (t legisla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.49 199.20 Td (tion, occur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.72 199.20 Td (s. It also clarifies tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.96 199.20 Td (t a le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.85 199.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.42 199.20 Td (y liability is accrued r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.09 199.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.79 199.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.02 199.20 Td (ably only if the activity tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 492.11 199.20 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 187.20 Td (trig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.93 187.20 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.55 187.20 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.85 187.20 Td (s pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.88 187.20 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.53 187.20 Td (t occur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.44 187.20 Td (s o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.84 187.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.26 187.20 Td (er a period of time, in acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.75 187.20 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.38 187.20 Td (dance with the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.64 187.20 Td (ele) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.84 187.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.21 187.20 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.16 187.20 Td (t legisla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.95 187.20 Td (tion. The in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.72 187.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.96 187.20 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.04 187.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.96 187.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.18 187.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.88 187.20 Td (tion ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 175.20 Td (applies t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.29 175.20 Td (o r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.18 175.20 Td (ealty t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.60 175.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.30 175.20 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.37 175.20 Td (es and has been applied r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.74 175.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.66 175.20 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.34 175.20 Td (ospectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.04 175.20 Td (ely t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.35 175.20 Td (o the prior period pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.19 175.20 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.21 175.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.45 175.20 Td (ed. F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.19 175.20 Td (or a le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.48 175.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.06 175.20 Td (y tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.14 175.20 Td (t is ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 163.20 Td (trig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.93 163.20 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.55 163.20 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.88 163.20 Td (ed upon r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.03 163.20 Td (eaching a minimum thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.12 163.20 Td (eshold, the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.14 163.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.38 163.20 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.45 163.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.37 163.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.60 163.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.30 163.20 Td (tion clarifies tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.62 163.20 Td (t no liability should be an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.62 163.20 Td (ticipa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.73 163.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.98 163.20 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 151.20 Td (be) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.14 151.20 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.98 151.20 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.61 151.20 Td (e the specified minimum thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.47 151.20 Td (eshold is r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.51 151.20 Td (eached. The in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.60 151.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.84 151.20 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.91 151.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.83 151.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.06 151.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.76 151.20 Td (tion does not apply t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.63 151.20 Td (o acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.33 151.20 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.02 151.20 Td (ting f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.73 151.20 Td (or inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.44 151.20 Td (ome ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 139.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.23 139.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.92 139.20 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.99 139.20 Td (es or fines and penalties. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 121.20 Td (The primar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.71 121.20 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.64 121.20 Td (onsider) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.89 121.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.59 121.20 Td (tion f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.86 121.20 Td (or the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.43 121.20 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.24 121.20 Td (, in the adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.17 121.20 Td (tion of IFRIC 21, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.09 121.20 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.06 121.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.30 121.20 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.70 121.20 Td (o the timing of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.17 121.20 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.29 121.20 Td (ognizing a ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 109.20 Td (liability t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.91 109.20 Td (o pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.30 109.20 Td (y r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.44 109.20 Td (ealty t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.87 109.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.56 109.20 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.63 109.20 Td (es. The adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.19 109.20 Td (tion of IFRIC 21 did not r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.82 109.20 Td (esult in a ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.41 109.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.66 109.20 Td (erial impact t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.18 109.20 Td (o the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.01 109.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.25 109.20 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.40 109.20 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.65 109.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.89 109.20 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 97.20 Td (financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.31 97.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.54 97.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.24 97.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.48 97.20 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.58 97.20 Td (ts, as the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.75 97.20 Td (ele) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.95 97.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.32 97.20 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.27 97.20 Td (t municipal legisla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.97 97.20 Td (tion g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.04 97.20 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.27 97.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.69 97.20 Td (erning r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.28 97.20 Td (ealty t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.70 97.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.40 97.20 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.47 97.20 Td (es indic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.86 97.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.56 97.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.80 97.20 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.25 97.20 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.21 97.20 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.33 97.20 Td (ognition ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 85.20 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 85.20 Td (ogr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.91 85.20 Td (essiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.43 85.20 Td (ely thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.41 85.20 Td (ough the y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.41 85.20 Td (ear is appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.01 85.20 Td (opria) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.01 85.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.26 85.20 Td (e, which is c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.04 85.20 Td (onsis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.57 85.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.81 85.20 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.95 85.20 Td (t with the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.42 85.20 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.24 85.20 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.13 85.20 Td (s curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.62 85.20 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.76 85.20 Td (t acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.54 85.20 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.22 85.20 Td (ting.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (9) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.00 Td (\(b\) In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.16 693.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.17 693.00 Td (ernal Leasing Cos) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.57 693.00 Td (ts) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 678.00 Td (In Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.71 678.00 Td (ch 2014, the IFR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.74 678.00 Td (S In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.27 678.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.52 678.00 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.59 678.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.51 678.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.74 678.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.43 678.00 Td (tions Commit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.86 678.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.10 678.00 Td (ee \(IFRIC) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.36 678.00 Td (\) issued a decision r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.85 678.00 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.82 678.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.06 678.00 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.81 678.00 Td (o the meaning of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 666.00 Td (incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.63 666.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.73 666.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.96 666.00 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.45 666.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.52 666.00 Td (ts in the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.33 666.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.76 666.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.01 666.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.83 666.00 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.19 666.00 Td (t of initial dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.13 666.00 Td (ect leasing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.57 666.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.65 666.00 Td (ts in IAS 17. The IFRIC de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.52 666.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.76 666.00 Td (ermined tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.55 666.00 Td (t in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.61 666.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.86 666.00 Td (ernal fix) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.33 666.00 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 654.00 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 654.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.22 654.00 Td (ts, such as the salar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.27 654.00 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.20 654.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.27 654.00 Td (ts of permanen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.26 654.00 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.67 654.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.90 654.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.63 654.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.58 654.00 Td (f in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.28 654.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.70 654.00 Td (olv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.69 654.00 Td (ed in neg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.86 654.00 Td (otia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.47 654.00 Td (ting and arr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.46 654.00 Td (anging ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.91 654.00 Td (w leases, do not qualif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.84 654.00 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 642.00 Td (as incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.09 642.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.19 642.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.42 642.00 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.91 642.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.99 642.00 Td (ts within the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.35 642.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.78 642.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.03 642.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.85 642.00 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.21 642.00 Td (t of IAS 17 and, ther) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.95 642.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.84 642.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.68 642.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.31 642.00 Td (e, should not be c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.32 642.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.88 642.00 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.99 642.00 Td (ed as initial dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.18 642.00 Td (ect leasing ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 630.00 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 630.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.22 630.00 Td (ts.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 612.00 Td (Prior t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.22 612.00 Td (o Januar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.57 612.00 Td (y 1, 2014, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.75 612.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.58 612.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.47 612.00 Td (s acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.80 612.00 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.49 612.00 Td (ting policy w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.53 612.00 Td (as t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.74 612.00 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.42 612.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.99 612.00 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.09 612.00 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.78 612.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.03 612.00 Td (ernal leasing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.72 612.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.79 612.00 Td (ts t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.57 612.00 Td (o in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.48 612.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.90 612.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.68 612.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.15 612.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 600.00 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 600.00 Td (operties, which w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.33 600.00 Td (as then adjus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.88 600.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.12 600.00 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.86 600.00 Td (o f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.25 600.00 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.45 600.00 Td (alue thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.96 600.00 Td (ough ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.88 600.00 Td (t inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.19 600.00 Td (ome. Adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.73 600.00 Td (tion of this in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.28 600.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.52 600.00 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.59 600.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.51 600.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.74 600.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.44 600.00 Td (tion r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.22 600.00 Td (esult) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.90 600.00 Td (ed in an ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 588.00 Td (incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.13 588.00 Td (ease in c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.00 588.00 Td (orpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.57 588.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.27 588.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.51 588.00 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.57 588.00 Td (xpenses and an incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.44 588.00 Td (ease in f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.02 588.00 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.22 588.00 Td (alue g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.31 588.00 Td (ains \(or decr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.69 588.00 Td (ease in f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.27 588.00 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.47 588.00 Td (alue losses\) on in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.79 588.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.21 588.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.98 588.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 506.46 588.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 576.00 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 576.00 Td (operties in the Consolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.59 576.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.84 576.00 Td (ed St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.15 576.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.85 576.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.09 576.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.19 576.00 Td (ts of Inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.22 576.00 Td (ome, with no chang) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.46 576.00 Td (e in ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.68 576.00 Td (t inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.98 576.00 Td (ome. Ther) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.46 576.00 Td (e is no ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.64 576.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.88 576.00 Td (erial impact on ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 564.00 Td (the Consolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.42 564.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.67 564.00 Td (ed Balance Shee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.94 564.00 Td (ts or the Consolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.90 564.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.15 564.00 Td (ed St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.46 564.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.16 564.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.40 564.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.50 564.00 Td (ts of Cash Flo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.28 564.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.34 564.00 Td (s. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 546.00 Td (The impact of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.66 546.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.49 546.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.38 546.00 Td (s adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.07 546.00 Td (tion of the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.39 546.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.63 546.00 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.70 546.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.62 546.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.85 546.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.55 546.00 Td (tion on the Consolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.19 546.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.44 546.00 Td (ed St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.75 546.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.45 546.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.69 546.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.79 546.00 Td (ts of Inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.81 546.00 Td (ome f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.15 546.00 Td (or the y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.42 546.00 Td (ear ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 534.00 Td (ended December 31, 2013 is as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.97 534.00 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.07 534.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.13 534.00 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 517.5 m 166.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 517.5 m 241.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 517.5 m 316.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 517.5 m 391.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 517.5 m 466.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 517.5 m 541.5 517.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 503.5 m 166.5 503.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 488.5 m 166.5 488.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 166.5 503.5 m 241.5 503.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 166.5 488.5 m 241.5 488.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 503.5 m 316.5 503.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 488.5 m 316.5 488.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 316.5 503.5 m 391.5 503.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 316.5 488.5 m 391.5 488.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 503.5 m 466.5 503.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 488.5 m 466.5 488.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.5 503.5 m 541.5 503.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.5 488.5 m 541.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 441.5 m 166.5 441.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 441.5 m 241.5 441.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 441.5 m 316.5 441.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 441.5 m 391.5 441.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 441.5 m 466.5 441.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 441.5 m 541.5 441.5 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 508.00 Td (\(thousands of dollars\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.15 508.00 Td (Three months ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 485.35 508.00 Td (Year Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.10 493.00 Td (March 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.10 493.00 Td (June 30, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 322.25 493.00 Td (September 30, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.40 493.00 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.40 493.00 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 480.00 Td (Increase in value of investment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 472.00 Td (properties, net) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 169.00 472.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 217.75 472.25 Td (1,436) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.00 472.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.75 472.25 Td (1,103) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.00 472.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.75 472.25 Td (1,125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.00 472.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.75 472.25 Td (1,083) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.00 472.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.75 472.25 Td (4,747) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 459.00 Td (Increase in corporate expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 217.75 458.25 Td (1,436) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.75 458.25 Td (1,103) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.75 458.25 Td (1,125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.75 458.25 Td (1,083) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.75 458.25 Td (4,747) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 446.00 Td (Net income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.00 446.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.00 446.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.00 446.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.00 446.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.00 446.00 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 23 0 obj <> endobj 24 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (10) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (SUMMAR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.33 691.50 Td (Y C) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.08 691.50 Td (ONSOLID) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.00 691.50 Td (A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.39 691.50 Td (TED INF) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.42 691.50 Td (ORMA) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.40 691.50 Td (TION AND HIGHLIGHT) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.20 691.50 Td (S) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 675 m 422.5 675 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 675 m 487.5 675 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 675 m 552.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 649 m 422.5 649 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 422.5 649 m 487.5 649 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 649 m 552.5 649 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 491 m 422.5 491 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 422.5 491 m 487.5 491 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 491 m 552.5 491 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 385 m 552.5 385 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 385 m 422.5 385 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 422.5 385 m 487.5 385 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 385 m 552.5 385 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 291 m 422.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 291 m 487.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 291 m 552.5 291 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 666.50 Td (As at March 31) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 653.50 Td (\(thousands of dollars, except other data\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.15 652.75 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.30 652.75 Td (2013) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 639.75 Td (Operations Information) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 624.75 Td (Number of properties) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 466.70 624.75 Td (164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.85 624.75 Td (172) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 611.75 Td (GLA \(square feet\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.25 611.75 Td (24,525,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.55 611.75 Td (25,029,000) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 598.75 Td (Occupancy same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.75 598.75 Td (operty s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.90 598.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.81 598.75 Td (able ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.42 602.56 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 464.30 598.75 Td (96.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.40 598.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.55 598.75 Td (96.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.55 598.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 585.75 Td (Total portfolio occupancy) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 464.30 585.75 Td (95.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.40 585.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.55 585.75 Td (95.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.55 585.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 572.75 Td (Pipeline of de) Tj ET Q q 0 0 0 rg BT 118.98 572.75 Td (v) Tj ET Q q 0 0 0 rg BT 122.96 572.75 Td (elopmen) Tj ET Q q 0 0 0 rg BT 155.29 572.75 Td (t and adjacen) Tj ET Q q 0 0 0 rg BT 204.58 572.75 Td (t land \(GLA\) ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 249.65 576.56 Td (\(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.80 572.75 Td (2,549,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.10 572.75 Td (3,164,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 559.75 Td (Average rate per occupied square foot) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 559.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.75 559.75 Td (18.06) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 559.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.00 559.75 Td (17.50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 546.75 Td (GLA developed and brought on line year-to-date \(square feet\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.25 546.75 Td (35,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.90 546.75 Td (144,000) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 533.75 Td (Same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.87 533.75 Td (operty s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.02 533.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.92 533.75 Td (able NOI ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.61 537.56 Td (\(3\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.40 538.04 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 520.75 Td ( increase over prior year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.85 520.75 Td (1.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.40 520.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.15 520.75 Td (4.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.55 520.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 507.75 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.59 507.75 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.24 507.75 Td (al same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.90 507.75 Td (operty NOI ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.19 511.56 Td (\(3\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 494.75 Td ( increase over prior year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.85 494.75 Td (2.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.40 494.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.15 494.75 Td (4.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.55 494.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 481.75 Td (Financial Information) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 70.50 466.75 Td (In) Tj ET Q q 0 0 0 rg BT 77.35 466.75 Td (v) Tj ET Q q 0 0 0 rg BT 81.32 466.75 Td (es) Tj ET Q q 0 0 0 rg BT 89.22 466.75 Td (tmen) Tj ET Q q 0 0 0 rg BT 108.55 466.75 Td (t pr) Tj ET Q q 0 0 0 rg BT 121.32 466.75 Td (operties shopping cen) Tj ET Q q 0 0 0 rg BT 208.48 466.75 Td (tr) Tj ET Q q 0 0 0 rg BT 214.52 466.75 Td (es ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 224.55 470.56 Td (\(4\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 466.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.80 466.75 Td (7,210,150) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 466.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.10 466.75 Td (6,940,557) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 453.75 Td (In) Tj ET Q q 0 0 0 rg BT 77.35 453.75 Td (v) Tj ET Q q 0 0 0 rg BT 81.32 453.75 Td (es) Tj ET Q q 0 0 0 rg BT 89.22 453.75 Td (tmen) Tj ET Q q 0 0 0 rg BT 108.55 453.75 Td (t pr) Tj ET Q q 0 0 0 rg BT 121.32 453.75 Td (operties de) Tj ET Q q 0 0 0 rg BT 169.20 453.75 Td (v) Tj ET Q q 0 0 0 rg BT 173.18 453.75 Td (elopmen) Tj ET Q q 0 0 0 rg BT 205.51 453.75 Td (t land ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 228.43 457.56 Td (\(4\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 453.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.70 453.75 Td (170,568) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 453.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.90 453.75 Td (137,446) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 440.75 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.59 440.75 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.24 440.75 Td (al ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.65 440.75 Td (asse) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.43 440.75 Td (ts) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 425.00 440.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.80 440.75 Td (7,784,774) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 440.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.10 440.75 Td (7,518,732) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 427.75 Td (Mortgages and credit facilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 427.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.80 427.75 Td (1,245,691) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 427.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.10 427.75 Td (1,547,530) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 414.75 Td (Senior unsecured debentures payable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 414.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.80 414.75 Td (2,164,136) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 414.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.10 414.75 Td (1,690,884) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 401.75 Td (Convertible debentures payable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 401.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.70 401.75 Td (374,916) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 401.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.90 401.75 Td (373,502) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 388.75 Td (Shareholders equity) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 425.00 388.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.80 388.75 Td (3,321,059) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 388.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.10 388.75 Td (3,267,033) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 374.75 Td (Capitalization and Leverage) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 360.75 Td (Shares outstanding \(in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.70 360.75 Td (209,150) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.90 360.75 Td (207,266) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 347.75 Td (En) Tj ET Q q 0 0 0 rg BT 78.04 347.75 Td (t) Tj ET Q q 0 0 0 rg BT 80.96 347.75 Td (erprise v) Tj ET Q q 0 0 0 rg BT 112.47 347.75 Td (alue ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 130.09 351.56 Td (\(5\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 347.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.80 347.75 Td (7,485,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 347.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.10 347.75 Td (7,573,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 334.75 Td (Deb) Tj ET Q q 0 0 0 rg BT 83.70 334.75 Td (t t) Tj ET Q q 0 0 0 rg BT 91.68 334.75 Td (o t) Tj ET Q q 0 0 0 rg BT 101.39 334.75 Td (ot) Tj ET Q q 0 0 0 rg BT 109.04 334.75 Td (al asse) Tj ET Q q 0 0 0 rg BT 133.23 334.75 Td (ts ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 141.80 338.56 Td (\(5\) \(6\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 154.55 339.04 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.30 334.75 Td (43.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.40 334.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.55 334.75 Td (41.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.55 334.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 321.75 Td (Deb) Tj ET Q q 0 0 0 rg BT 83.70 321.75 Td (t t) Tj ET Q q 0 0 0 rg BT 91.68 321.75 Td (o en) Tj ET Q q 0 0 0 rg BT 107.58 321.75 Td (t) Tj ET Q q 0 0 0 rg BT 110.50 321.75 Td (erprise v) Tj ET Q q 0 0 0 rg BT 142.02 321.75 Td (alue ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 159.63 325.56 Td (\(5\) \(6\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.30 321.75 Td (45.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.40 321.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.55 321.75 Td (41.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.55 321.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 308.75 Td (Ne) Tj ET Q q 0 0 0 rg BT 79.24 308.75 Td (t deb) Tj ET Q q 0 0 0 rg BT 98.18 308.75 Td (t t) Tj ET Q q 0 0 0 rg BT 106.16 308.75 Td (o EBITD) Tj ET Q q 0 0 0 rg BT 134.29 308.75 Td (A based on run r) Tj ET Q q 0 0 0 rg BT 200.94 308.75 Td (a) Tj ET Q q 0 0 0 rg BT 205.17 308.75 Td (t) Tj ET Q q 0 0 0 rg BT 208.09 308.75 Td (e on c) Tj ET Q q 0 0 0 rg BT 229.84 308.75 Td (omponen) Tj ET Q q 0 0 0 rg BT 265.10 308.75 Td (ts of EBITD) Tj ET Q q 0 0 0 rg BT 304.55 308.75 Td (A ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 311.79 312.56 Td (\(4\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 317.58 313.04 Td ( ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 318.90 312.56 Td (\(5\) \(9\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.90 308.75 Td (8.30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.55 308.75 Td (7.73) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 295.75 Td (W) Tj ET Q q 0 0 0 rg BT 76.68 295.75 Td (eigh) Tj ET Q q 0 0 0 rg BT 92.10 295.75 Td (t) Tj ET Q q 0 0 0 rg BT 95.02 295.75 Td (ed a) Tj ET Q q 0 0 0 rg BT 110.42 295.75 Td (v) Tj ET Q q 0 0 0 rg BT 114.40 295.75 Td (er) Tj ET Q q 0 0 0 rg BT 121.83 295.75 Td (ag) Tj ET Q q 0 0 0 rg BT 130.30 295.75 Td (e ma) Tj ET Q q 0 0 0 rg BT 148.23 295.75 Td (turity on mortg) Tj ET Q q 0 0 0 rg BT 203.97 295.75 Td (ag) Tj ET Q q 0 0 0 rg BT 212.44 295.75 Td (es and senior unsecur) Tj ET Q q 0 0 0 rg BT 292.00 295.75 Td (ed deben) Tj ET Q q 0 0 0 rg BT 326.30 295.75 Td (tur) Tj ET Q q 0 0 0 rg BT 337.06 295.75 Td (es \(y) Tj ET Q q 0 0 0 rg BT 353.78 295.75 Td (ear) Tj ET Q q 0 0 0 rg BT 365.56 295.75 Td (s\) ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 373.84 299.56 Td (\(7\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.45 295.75 Td (5.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.15 295.75 Td (5.7) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (11) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 701.5 m 422.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 701.5 m 487.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 701.5 m 552.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 676.5 m 422.5 676.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 422.5 676.5 m 487.5 676.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 676.5 m 552.5 676.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 546.5 m 552.5 546.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 546.5 m 422.5 546.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 422.5 546.5 m 487.5 546.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 507.5 m 552.5 507.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 507.5 m 422.5 507.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 422.5 507.5 m 487.5 507.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 507.5 m 552.5 507.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 442.5 m 422.5 442.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 422.5 442.5 m 487.5 442.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 442.5 m 552.5 442.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 375.5 m 422.5 375.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 375.5 m 487.5 375.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 375.5 m 552.5 375.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 693.00 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 681.00 Td (\(thousands of dollars, except per share and other data\)) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 462.15 680.25 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.30 680.25 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 667.25 Td (Revenues, Income and Cash Flows) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 654.25 Td (R) Tj ET Q q 0 0 0 rg BT 67.73 654.25 Td (e) Tj ET Q q 0 0 0 rg BT 72.16 654.25 Td (v) Tj ET Q q 0 0 0 rg BT 76.14 654.25 Td (enues ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 100.11 658.06 Td (\(8\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 654.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.70 654.25 Td (165,477) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 654.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.90 654.25 Td (159,088) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 641.25 Td (Ne) Tj ET Q q 0 0 0 rg BT 73.24 641.25 Td (t oper) Tj ET Q q 0 0 0 rg BT 95.19 641.25 Td (a) Tj ET Q q 0 0 0 rg BT 99.42 641.25 Td (ting inc) Tj ET Q q 0 0 0 rg BT 126.03 641.25 Td (ome) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 142.44 645.54 Td ( ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 143.76 645.06 Td (\(3\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 149.55 645.54 Td ( ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 150.87 645.06 Td (\(8\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 641.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.25 641.25 Td (98,584) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 641.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 641.25 Td (97,743) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 628.25 Td (Corporate expenses, excluding non-cash compensation and incremental leasing costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 615.25 Td (As a percentage of rental revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.85 615.25 Td (3.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.40 615.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.15 615.25 Td (3.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.55 615.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 602.25 Td (As a percentage of total assets) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 464.30 602.25 Td (0.29) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.40 602.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.55 602.25 Td (0.27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.55 602.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 589.25 Td (Increase \(decrease\) in value of investment properties, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 589.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.00 589.25 Td (\(6,288) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.40 589.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 589.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 589.25 Td (15,599) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 576.25 Td (Net income attributable to common shareholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 576.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.25 576.25 Td (35,214) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 576.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 576.25 Td (52,720) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 563.25 Td (Net income per share attributable to common shareholders \(diluted\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 563.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.30 563.25 Td (0.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 563.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.55 563.25 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 550.25 Td (Adjus) Tj ET Q q 0 0 0 rg BT 83.24 550.25 Td (t) Tj ET Q q 0 0 0 rg BT 86.15 550.25 Td (ed c) Tj ET Q q 0 0 0 rg BT 101.13 550.25 Td (ash flo) Tj ET Q q 0 0 0 rg BT 125.24 550.25 Td (w fr) Tj ET Q q 0 0 0 rg BT 139.45 550.25 Td (om oper) Tj ET Q q 0 0 0 rg BT 170.33 550.25 Td (a) Tj ET Q q 0 0 0 rg BT 174.56 550.25 Td (ting activities ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 225.07 554.06 Td (\(5\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 550.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.25 550.25 Td (62,945) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 550.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 550.25 Td (55,948) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 537.25 Td (Dividends) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 524.25 Td (Regular dividends) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 524.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.25 524.25 Td (43,967) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 524.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 524.25 Td (43,586) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 511.25 Td (Regular dividends per common share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 511.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.30 511.25 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 511.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.55 511.25 Td (0.21) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 498.25 Td (Funds fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.18 498.25 Td (om Oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.82 498.25 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.18 498.25 Td (tions \(FF) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.72 498.25 Td (O) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.87 498.25 Td (\) ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.63 502.06 Td (\(3\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 63.00 485.25 Td (FFO) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 485.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.25 485.25 Td (53,461) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 485.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 485.25 Td (52,879) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 472.25 Td (FFO per diluted share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 472.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.30 472.25 Td (0.26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 472.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.55 472.25 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 459.25 Td (FFO excluding other gains \(losses\) and \(expenses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 459.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.25 459.25 Td (52,073) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 459.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 459.25 Td (51,886) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 446.25 Td (FFO per diluted share excluding other gains \(losses\) and \(expenses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 446.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.30 446.25 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 446.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.55 446.25 Td (0.25) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 433.25 Td (Adjus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.90 433.25 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.91 433.25 Td (ed Funds fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.49 433.25 Td (om Oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.13 433.25 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.49 433.25 Td (tions \() Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.11 433.25 Td (AFF) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.76 433.25 Td (O) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.91 433.25 Td (\) ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.67 437.06 Td (\(3\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 63.00 420.25 Td (AFFO) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 420.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.25 420.25 Td (53,978) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 420.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 420.25 Td (54,252) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 407.25 Td (AFFO per diluted share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 407.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.30 407.25 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 407.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.55 407.25 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 394.25 Td (AFFO excluding other gains \(losses\) and \(expenses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 394.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.25 394.25 Td (53,495) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 394.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 394.25 Td (52,145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 380.25 Td (AFFO per diluted share excluding other gains \(losses\) and \(expenses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 380.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.30 380.25 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 380.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.55 380.25 Td (0.23) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 367.94 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 364.60 Td (Same pr) Tj ET Q q 0 0 0 rg BT 86.23 364.60 Td (operty ) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 106.62 364.60 Td () Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 110.11 364.60 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 111.69 364.60 Td (s) Tj ET Q q 0 0 0 rg BT 114.35 364.60 Td (t) Tj ET Q q 0 0 0 rg BT 116.61 364.60 Td (able c) Tj ET Q q 0 0 0 rg BT 133.21 364.60 Td (ompar) Tj ET Q q 0 0 0 rg BT 151.82 364.60 Td (a) Tj ET Q q 0 0 0 rg BT 155.11 364.60 Td (tiv) Tj ET Q q 0 0 0 rg BT 162.16 364.60 Td (e in) Tj ET Q q 0 0 0 rg BT 172.46 364.60 Td (f) Tj ET Q q 0 0 0 rg BT 174.45 364.60 Td (orma) Tj ET Q q 0 0 0 rg BT 189.46 364.60 Td (tion is r) Tj ET Q q 0 0 0 rg BT 210.64 364.60 Td (e) Tj ET Q q 0 0 0 rg BT 214.09 364.60 Td (vised t) Tj ET Q q 0 0 0 rg BT 232.62 364.60 Td (o r) Tj ET Q q 0 0 0 rg BT 240.24 364.60 Td (e) Tj ET Q q 0 0 0 rg BT 243.66 364.60 Td (flect pr) Tj ET Q q 0 0 0 rg BT 263.78 364.60 Td (operty c) Tj ET Q q 0 0 0 rg BT 287.07 364.60 Td (a) Tj ET Q q 0 0 0 rg BT 290.36 364.60 Td (t) Tj ET Q q 0 0 0 rg BT 292.63 364.60 Td (eg) Tj ET Q q 0 0 0 rg BT 299.36 364.60 Td (ories c) Tj ET Q q 0 0 0 rg BT 317.80 364.60 Td (onsis) Tj ET Q q 0 0 0 rg BT 332.17 364.60 Td (t) Tj ET Q q 0 0 0 rg BT 334.44 364.60 Td (en) Tj ET Q q 0 0 0 rg BT 341.54 364.60 Td (t with curr) Tj ET Q q 0 0 0 rg BT 371.11 364.60 Td (en) Tj ET Q q 0 0 0 rg BT 378.20 364.60 Td (t period s) Tj ET Q q 0 0 0 rg BT 404.95 364.60 Td (t) Tj ET Q q 0 0 0 rg BT 407.21 364.60 Td (a) Tj ET Q q 0 0 0 rg BT 410.49 364.60 Td (tus.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 356.54 Td (\(2\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 353.20 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 353.20 Td (Squar) Tj ET Q q 0 0 0 rg BT 79.27 353.20 Td (e f) Tj ET Q q 0 0 0 rg BT 86.33 353.20 Td (oot) Tj ET Q q 0 0 0 rg BT 95.97 353.20 Td (ag) Tj ET Q q 0 0 0 rg BT 102.56 353.20 Td (e does not include pot) Tj ET Q q 0 0 0 rg BT 166.00 353.20 Td (en) Tj ET Q q 0 0 0 rg BT 173.10 353.20 Td (tial de) Tj ET Q q 0 0 0 rg BT 190.72 353.20 Td (v) Tj ET Q q 0 0 0 rg BT 193.81 353.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 218.96 353.20 Td (t on pr) Tj ET Q q 0 0 0 rg BT 237.84 353.20 Td (operties held thr) Tj ET Q q 0 0 0 rg BT 285.27 353.20 Td (ough the Compan) Tj ET Q q 0 0 0 rg BT 335.87 353.20 Td (y) Tj ET Q q 0 0 0 rg BT 339.25 353.20 Td () Tj ET Q q 0 0 0 rg BT 340.57 353.20 Td (s Main and Main De) Tj ET Q q 0 0 0 rg BT 397.35 353.20 Td (v) Tj ET Q q 0 0 0 rg BT 400.44 353.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 425.59 353.20 Td (ts sub) Tj ET Q q 0 0 0 rg BT 442.31 353.20 Td (sidiar) Tj ET Q q 0 0 0 rg BT 457.77 353.20 Td (y) Tj ET Q q 0 0 0 rg BT 460.48 353.20 Td (. See the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 486.68 353.20 Td (Business and ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 344.85 Td (Oper) Tj ET Q q 0 0 0 rg BT 77.09 344.85 Td (a) Tj ET Q q 0 0 0 rg BT 80.38 344.85 Td (tions R) Tj ET Q q 0 0 0 rg BT 99.70 344.85 Td (e) Tj ET Q q 0 0 0 rg BT 103.15 344.85 Td (vie) Tj ET Q q 0 0 0 rg BT 111.36 344.85 Td (w 2014 In) Tj ET Q q 0 0 0 rg BT 144.12 344.85 Td (v) Tj ET Q q 0 0 0 rg BT 147.21 344.85 Td (es) Tj ET Q q 0 0 0 rg BT 153.35 344.85 Td (tmen) Tj ET Q q 0 0 0 rg BT 168.39 344.85 Td (t Pr) Tj ET Q q 0 0 0 rg BT 178.26 344.85 Td (operty De) Tj ET Q q 0 0 0 rg BT 206.40 344.85 Td (v) Tj ET Q q 0 0 0 rg BT 209.49 344.85 Td (elopmen) Tj ET Q q 0 0 0 rg BT 234.64 344.85 Td (t and R) Tj ET Q q 0 0 0 rg BT 254.54 344.85 Td (ede) Tj ET Q q 0 0 0 rg BT 265.15 344.85 Td (v) Tj ET Q q 0 0 0 rg BT 268.24 344.85 Td (elopmen) Tj ET Q q 0 0 0 rg BT 293.38 344.85 Td (t Activities) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 326.14 344.85 Td ( section of this MD&A) Tj ET Q q 0 0 0 rg BT 388.33 344.85 Td (.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 336.79 Td (\(3\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 333.45 Td (NOI, FF) Tj ET Q q 0 0 0 rg BT 83.62 333.45 Td (O and AFF) Tj ET Q q 0 0 0 rg BT 112.55 333.45 Td (O ar) Tj ET Q q 0 0 0 rg BT 124.47 333.45 Td (e measur) Tj ET Q q 0 0 0 rg BT 150.72 333.45 Td (es of oper) Tj ET Q q 0 0 0 rg BT 179.08 333.45 Td (a) Tj ET Q q 0 0 0 rg BT 182.37 333.45 Td (ting perf) Tj ET Q q 0 0 0 rg BT 206.47 333.45 Td (ormance tha) Tj ET Q q 0 0 0 rg BT 242.56 333.45 Td (t ar) Tj ET Q q 0 0 0 rg BT 252.19 333.45 Td (e not de) Tj ET Q q 0 0 0 rg BT 275.65 333.45 Td (fined b) Tj ET Q q 0 0 0 rg BT 295.46 333.45 Td (y IFR) Tj ET Q q 0 0 0 rg BT 308.90 333.45 Td (S. See the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 338.31 333.45 Td (R) Tj ET Q q 0 0 0 rg BT 344.92 333.45 Td (esults of Oper) Tj ET Q q 0 0 0 rg BT 384.59 333.45 Td (a) Tj ET Q q 0 0 0 rg BT 387.88 333.45 Td (tions) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 404.87 333.45 Td ( section of this MD&A) Tj ET Q q 0 0 0 rg BT 467.05 333.45 Td (.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 325.39 Td (\(4\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 322.05 Td ( Includes pr) Tj ET Q q 0 0 0 rg BT 94.98 322.05 Td (operties classified as held f) Tj ET Q q 0 0 0 rg BT 171.21 322.05 Td (or sale.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 313.99 Td (\(5\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.18 310.65 Td (En) Tj ET Q q 0 0 0 rg BT 70.21 310.65 Td (t) Tj ET Q q 0 0 0 rg BT 72.48 310.65 Td (erprise v) Tj ET Q q 0 0 0 rg BT 96.99 310.65 Td (alue, deb) Tj ET Q q 0 0 0 rg BT 123.25 310.65 Td (t, ne) Tj ET Q q 0 0 0 rg BT 136.04 310.65 Td (t deb) Tj ET Q q 0 0 0 rg BT 150.78 310.65 Td (t, EBITD) Tj ET Q q 0 0 0 rg BT 173.06 310.65 Td (A) Tj ET Q q 0 0 0 rg BT 177.16 310.65 Td (, run r) Tj ET Q q 0 0 0 rg BT 194.16 310.65 Td (a) Tj ET Q q 0 0 0 rg BT 197.45 310.65 Td (t) Tj ET Q q 0 0 0 rg BT 199.72 310.65 Td (e and adjus) Tj ET Q q 0 0 0 rg BT 232.12 310.65 Td (t) Tj ET Q q 0 0 0 rg BT 234.39 310.65 Td (ed c) Tj ET Q q 0 0 0 rg BT 246.03 310.65 Td (ash flo) Tj ET Q q 0 0 0 rg BT 264.79 310.65 Td (w fr) Tj ET Q q 0 0 0 rg BT 275.84 310.65 Td (om oper) Tj ET Q q 0 0 0 rg BT 299.85 310.65 Td (a) Tj ET Q q 0 0 0 rg BT 303.14 310.65 Td (ting activities \(adjus) Tj ET Q q 0 0 0 rg BT 359.60 310.65 Td (t) Tj ET Q q 0 0 0 rg BT 361.87 310.65 Td (ed f) Tj ET Q q 0 0 0 rg BT 372.60 310.65 Td (or the ne) Tj ET Q q 0 0 0 rg BT 398.53 310.65 Td (t chang) Tj ET Q q 0 0 0 rg BT 419.36 310.65 Td (e in non-c) Tj ET Q q 0 0 0 rg BT 447.38 310.65 Td (ash oper) Tj ET Q q 0 0 0 rg BT 471.88 310.65 Td (a) Tj ET Q q 0 0 0 rg BT 475.17 310.65 Td (ting it) Tj ET Q q 0 0 0 rg BT 491.56 310.65 Td (ems, r) Tj ET Q q 0 0 0 rg BT 509.04 310.65 Td (eceip) Tj ET Q q 0 0 0 rg BT 524.22 310.65 Td (t of ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 302.25 Td (pr) Tj ET Q q 0 0 0 rg BT 69.01 302.25 Td (oceeds fr) Tj ET Q q 0 0 0 rg BT 95.08 302.25 Td (om sales of r) Tj ET Q q 0 0 0 rg BT 131.21 302.25 Td (esiden) Tj ET Q q 0 0 0 rg BT 149.81 302.25 Td (tial in) Tj ET Q q 0 0 0 rg BT 165.47 302.25 Td (v) Tj ET Q q 0 0 0 rg BT 168.56 302.25 Td (en) Tj ET Q q 0 0 0 rg BT 175.66 302.25 Td (t) Tj ET Q q 0 0 0 rg BT 177.94 302.25 Td (or) Tj ET Q q 0 0 0 rg BT 184.10 302.25 Td (y and e) Tj ET Q q 0 0 0 rg BT 204.52 302.25 Td (xpenditur) Tj ET Q q 0 0 0 rg BT 232.05 302.25 Td (es on r) Tj ET Q q 0 0 0 rg BT 251.15 302.25 Td (esiden) Tj ET Q q 0 0 0 rg BT 269.75 302.25 Td (tial de) Tj ET Q q 0 0 0 rg BT 287.37 302.25 Td (v) Tj ET Q q 0 0 0 rg BT 290.46 302.25 Td (elopmen) Tj ET Q q 0 0 0 rg BT 315.61 302.25 Td (t in) Tj ET Q q 0 0 0 rg BT 324.70 302.25 Td (v) Tj ET Q q 0 0 0 rg BT 327.80 302.25 Td (en) Tj ET Q q 0 0 0 rg BT 334.89 302.25 Td (t) Tj ET Q q 0 0 0 rg BT 337.17 302.25 Td (or) Tj ET Q q 0 0 0 rg BT 343.33 302.25 Td (y\) ar) Tj ET Q q 0 0 0 rg BT 355.91 302.25 Td (e measur) Tj ET Q q 0 0 0 rg BT 382.17 302.25 Td (es not de) Tj ET Q q 0 0 0 rg BT 408.37 302.25 Td (fined b) Tj ET Q q 0 0 0 rg BT 428.17 302.25 Td (y IFR) Tj ET Q q 0 0 0 rg BT 441.61 302.25 Td (S. See the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 472.61 302.25 Td (Capit) Tj ET Q q 0 0 0 rg BT 490.17 302.25 Td (al Structur) Tj ET Q q 0 0 0 rg BT 519.72 302.25 Td (e and ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 293.85 Td (Liquidity) Tj ET Q q 0 0 0 rg BT 87.52 293.85 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 90.45 293.85 Td ( section of this MD&A) Tj ET Q q 0 0 0 rg BT 152.63 293.85 Td (.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 285.79 Td (\(6\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 62.15 282.45 Td (Calcula) Tj ET Q q 0 0 0 rg BT 82.37 282.45 Td (t) Tj ET Q q 0 0 0 rg BT 84.64 282.45 Td (ed with the join) Tj ET Q q 0 0 0 rg BT 129.27 282.45 Td (t v) Tj ET Q q 0 0 0 rg BT 136.30 282.45 Td (en) Tj ET Q q 0 0 0 rg BT 143.39 282.45 Td (tur) Tj ET Q q 0 0 0 rg BT 151.76 282.45 Td (e and Main and Main De) Tj ET Q q 0 0 0 rg BT 221.57 282.45 Td (v) Tj ET Q q 0 0 0 rg BT 224.67 282.45 Td (elopmen) Tj ET Q q 0 0 0 rg BT 249.81 282.45 Td (ts pr) Tj ET Q q 0 0 0 rg BT 262.48 282.45 Td (oportiona) Tj ET Q q 0 0 0 rg BT 290.59 282.45 Td (t) Tj ET Q q 0 0 0 rg BT 292.86 282.45 Td (ely c) Tj ET Q q 0 0 0 rg BT 305.60 282.45 Td (onsolida) Tj ET Q q 0 0 0 rg BT 329.58 282.45 Td (t) Tj ET Q q 0 0 0 rg BT 331.85 282.45 Td (ed and c) Tj ET Q q 0 0 0 rg BT 355.79 282.45 Td (ash balances r) Tj ET Q q 0 0 0 rg BT 395.92 282.45 Td (educing deb) Tj ET Q q 0 0 0 rg BT 430.69 282.45 Td (t.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 274.39 Td (\(7\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 62.15 271.05 Td (W) Tj ET Q q 0 0 0 rg BT 68.12 271.05 Td (eigh) Tj ET Q q 0 0 0 rg BT 80.12 271.05 Td (t) Tj ET Q q 0 0 0 rg BT 82.39 271.05 Td (ed a) Tj ET Q q 0 0 0 rg BT 94.37 271.05 Td (v) Tj ET Q q 0 0 0 rg BT 97.46 271.05 Td (er) Tj ET Q q 0 0 0 rg BT 103.24 271.05 Td (ag) Tj ET Q q 0 0 0 rg BT 109.83 271.05 Td (e t) Tj ET Q q 0 0 0 rg BT 117.17 271.05 Td (erm t) Tj ET Q q 0 0 0 rg BT 132.54 271.05 Td (o ma) Tj ET Q q 0 0 0 rg BT 146.69 271.05 Td (turity is c) Tj ET Q q 0 0 0 rg BT 172.69 271.05 Td (alcula) Tj ET Q q 0 0 0 rg BT 189.18 271.05 Td (t) Tj ET Q q 0 0 0 rg BT 191.45 271.05 Td (ed ne) Tj ET Q q 0 0 0 rg BT 207.31 271.05 Td (t of c) Tj ET Q q 0 0 0 rg BT 221.55 271.05 Td (ash balances as a) Tj ET Q q 0 0 0 rg BT 270.30 271.05 Td (t the end of the period.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 262.99 Td (\(8\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 259.65 Td ( Calcula) Tj ET Q q 0 0 0 rg BT 82.45 259.65 Td (t) Tj ET Q q 0 0 0 rg BT 84.72 259.65 Td (ed e) Tj ET Q q 0 0 0 rg BT 96.84 259.65 Td (x) Tj ET Q q 0 0 0 rg BT 99.72 259.65 Td (cluding the Compan) Tj ET Q q 0 0 0 rg BT 156.48 259.65 Td (y) Tj ET Q q 0 0 0 rg BT 159.86 259.65 Td () Tj ET Q q 0 0 0 rg BT 161.18 259.65 Td (s pr) Tj ET Q q 0 0 0 rg BT 171.51 259.65 Td (oportiona) Tj ET Q q 0 0 0 rg BT 199.62 259.65 Td (t) Tj ET Q q 0 0 0 rg BT 201.89 259.65 Td (e shar) Tj ET Q q 0 0 0 rg BT 219.07 259.65 Td (e of the join) Tj ET Q q 0 0 0 rg BT 253.22 259.65 Td (t v) Tj ET Q q 0 0 0 rg BT 260.24 259.65 Td (en) Tj ET Q q 0 0 0 rg BT 267.33 259.65 Td (tur) Tj ET Q q 0 0 0 rg BT 275.71 259.65 Td (e.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 251.59 Td (\(9\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 248.25 Td ( Calcula) Tj ET Q q 0 0 0 rg BT 80.87 248.25 Td (t) Tj ET Q q 0 0 0 rg BT 83.14 248.25 Td (ed with the join) Tj ET Q q 0 0 0 rg BT 127.77 248.25 Td (t v) Tj ET Q q 0 0 0 rg BT 134.79 248.25 Td (en) Tj ET Q q 0 0 0 rg BT 141.89 248.25 Td (tur) Tj ET Q q 0 0 0 rg BT 150.26 248.25 Td (e pr) Tj ET Q q 0 0 0 rg BT 161.33 248.25 Td (oportiona) Tj ET Q q 0 0 0 rg BT 189.44 248.25 Td (t) Tj ET Q q 0 0 0 rg BT 191.71 248.25 Td (ely c) Tj ET Q q 0 0 0 rg BT 204.45 248.25 Td (onsolida) Tj ET Q q 0 0 0 rg BT 228.43 248.25 Td (t) Tj ET Q q 0 0 0 rg BT 230.70 248.25 Td (ed and c) Tj ET Q q 0 0 0 rg BT 254.63 248.25 Td (ash balances r) Tj ET Q q 0 0 0 rg BT 294.76 248.25 Td (educing deb) Tj ET Q q 0 0 0 rg BT 329.53 248.25 Td (t.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (12) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (BUSINE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.25 691.50 Td (SS AND OPERA) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.37 691.50 Td (TIONS REVIEW) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 671.10 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 60.58 671.10 Td (eal Es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.71 671.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.75 671.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.57 671.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.58 671.10 Td (e In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.80 671.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.37 671.10 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.06 671.10 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.35 671.10 Td (ts) Tj ET Q BT /F6 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 651.90 Td (In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.57 651.90 Td (ves) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.34 651.90 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.10 651.90 Td (t Property Cat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.71 651.90 Td (egories) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 636.90 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 636.90 Td (y c) Tj ET Q q 0 0 0 rg BT 116.00 636.90 Td (a) Tj ET Q q 0 0 0 rg BT 120.70 636.90 Td (t) Tj ET Q q 0 0 0 rg BT 123.94 636.90 Td (eg) Tj ET Q q 0 0 0 rg BT 133.56 636.90 Td (oriz) Tj ET Q q 0 0 0 rg BT 148.34 636.90 Td (es its pr) Tj ET Q q 0 0 0 rg BT 179.88 636.90 Td (operties f) Tj ET Q q 0 0 0 rg BT 218.50 636.90 Td (or the purposes of e) Tj ET Q q 0 0 0 rg BT 300.46 636.90 Td (v) Tj ET Q q 0 0 0 rg BT 304.83 636.90 Td (alua) Tj ET Q q 0 0 0 rg BT 321.86 636.90 Td (ting oper) Tj ET Q q 0 0 0 rg BT 358.51 636.90 Td (a) Tj ET Q q 0 0 0 rg BT 363.21 636.90 Td (ting perf) Tj ET Q q 0 0 0 rg BT 397.63 636.90 Td (ormance including same pr) Tj ET Q q 0 0 0 rg BT 507.49 636.90 Td (operty ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 624.90 Td (NOI. This enables the Compan) Tj ET Q q 0 0 0 rg BT 176.24 624.90 Td (y t) Tj ET Q q 0 0 0 rg BT 186.28 624.90 Td (o r) Tj ET Q q 0 0 0 rg BT 197.16 624.90 Td (e) Tj ET Q q 0 0 0 rg BT 202.05 624.90 Td (flect be) Tj ET Q q 0 0 0 rg BT 232.39 624.90 Td (t) Tj ET Q q 0 0 0 rg BT 235.60 624.90 Td (t) Tj ET Q q 0 0 0 rg BT 238.84 624.90 Td (er its de) Tj ET Q q 0 0 0 rg BT 271.56 624.90 Td (v) Tj ET Q q 0 0 0 rg BT 275.98 624.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 311.90 624.90 Td (t, r) Tj ET Q q 0 0 0 rg BT 323.36 624.90 Td (ede) Tj ET Q q 0 0 0 rg BT 338.52 624.90 Td (v) Tj ET Q q 0 0 0 rg BT 342.94 624.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 378.86 624.90 Td (t and r) Tj ET Q q 0 0 0 rg BT 405.38 624.90 Td (epositioning activities on its ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 612.90 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 612.90 Td (operties, including land use in) Tj ET Q q 0 0 0 rg BT 183.66 612.90 Td (t) Tj ET Q q 0 0 0 rg BT 186.91 612.90 Td (ensific) Tj ET Q q 0 0 0 rg BT 212.83 612.90 Td (a) Tj ET Q q 0 0 0 rg BT 217.53 612.90 Td (tion, and its c) Tj ET Q q 0 0 0 rg BT 271.98 612.90 Td (omple) Tj ET Q q 0 0 0 rg BT 297.71 612.90 Td (t) Tj ET Q q 0 0 0 rg BT 300.95 612.90 Td (ed and planned disposition activities. In addition, the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 600.90 Td (Compan) Tj ET Q q 0 0 0 rg BT 87.71 600.90 Td (y r) Tj ET Q q 0 0 0 rg BT 97.85 600.90 Td (e) Tj ET Q q 0 0 0 rg BT 102.77 600.90 Td (vises c) Tj ET Q q 0 0 0 rg BT 128.79 600.90 Td (ompar) Tj ET Q q 0 0 0 rg BT 155.38 600.90 Td (a) Tj ET Q q 0 0 0 rg BT 160.07 600.90 Td (tiv) Tj ET Q q 0 0 0 rg BT 170.14 600.90 Td (e in) Tj ET Q q 0 0 0 rg BT 184.86 600.90 Td (f) Tj ET Q q 0 0 0 rg BT 187.71 600.90 Td (orma) Tj ET Q q 0 0 0 rg BT 209.15 600.90 Td (tion t) Tj ET Q q 0 0 0 rg BT 230.84 600.90 Td (o r) Tj ET Q q 0 0 0 rg BT 241.72 600.90 Td (e) Tj ET Q q 0 0 0 rg BT 246.61 600.90 Td (flect pr) Tj ET Q q 0 0 0 rg BT 275.35 600.90 Td (operty c) Tj ET Q q 0 0 0 rg BT 308.62 600.90 Td (a) Tj ET Q q 0 0 0 rg BT 313.32 600.90 Td (t) Tj ET Q q 0 0 0 rg BT 316.56 600.90 Td (eg) Tj ET Q q 0 0 0 rg BT 326.18 600.90 Td (ories c) Tj ET Q q 0 0 0 rg BT 352.53 600.90 Td (onsis) Tj ET Q q 0 0 0 rg BT 373.06 600.90 Td (t) Tj ET Q q 0 0 0 rg BT 376.30 600.90 Td (en) Tj ET Q q 0 0 0 rg BT 386.44 600.90 Td (t with curr) Tj ET Q q 0 0 0 rg BT 428.68 600.90 Td (en) Tj ET Q q 0 0 0 rg BT 438.81 600.90 Td (t period s) Tj ET Q q 0 0 0 rg BT 477.02 600.90 Td (t) Tj ET Q q 0 0 0 rg BT 480.25 600.90 Td (a) Tj ET Q q 0 0 0 rg BT 484.95 600.90 Td (tus. The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 588.90 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 588.90 Td (operty c) Tj ET Q q 0 0 0 rg BT 95.85 588.90 Td (a) Tj ET Q q 0 0 0 rg BT 100.55 588.90 Td (t) Tj ET Q q 0 0 0 rg BT 103.79 588.90 Td (eg) Tj ET Q q 0 0 0 rg BT 113.40 588.90 Td (ories ar) Tj ET Q q 0 0 0 rg BT 143.75 588.90 Td (e as f) Tj ET Q q 0 0 0 rg BT 164.79 588.90 Td (ollo) Tj ET Q q 0 0 0 rg BT 179.89 588.90 Td (w) Tj ET Q q 0 0 0 rg BT 186.95 588.90 Td (s:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 573.90 Td (In) Tj ET Q q 0 0 0 rg BT 61.49 573.90 Td (ves) Tj ET Q q 0 0 0 rg BT 74.50 573.90 Td (tmen) Tj ET Q q 0 0 0 rg BT 95.58 573.90 Td (t properties ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 144.81 573.90 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 152.05 573.90 Td (shopping c) Tj ET Q q 0 0 0 rg BT 195.43 573.90 Td (en) Tj ET Q q 0 0 0 rg BT 205.25 573.90 Td (tres: Same property c) Tj ET Q q 0 0 0 rg BT 291.45 573.90 Td (onsis) Tj ET Q q 0 0 0 rg BT 311.69 573.90 Td (ting of:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 558.90 Td (Same property ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 133.74 558.90 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 140.98 558.90 Td (s) Tj ET Q q 0 0 0 rg BT 144.76 558.90 Td (t) Tj ET Q q 0 0 0 rg BT 147.97 558.90 Td (able) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 165.33 558.90 Td ( ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 167.59 558.90 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 174.83 558.90 Td (includes s) Tj ET Q q 0 0 0 rg BT 214.35 558.90 Td (t) Tj ET Q q 0 0 0 rg BT 217.58 558.90 Td (able pr) Tj ET Q q 0 0 0 rg BT 245.74 558.90 Td (operties wher) Tj ET Q q 0 0 0 rg BT 302.25 558.90 Td (e the only signific) Tj ET Q q 0 0 0 rg BT 372.89 558.90 Td (an) Tj ET Q q 0 0 0 rg BT 382.84 558.90 Td (t activities ar) Tj ET Q q 0 0 0 rg BT 434.86 558.90 Td (e leasing and ong) Tj ET Q q 0 0 0 rg BT 505.31 558.90 Td (oing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 546.90 Td (main) Tj ET Q q 0 0 0 rg BT 92.23 546.90 Td (t) Tj ET Q q 0 0 0 rg BT 95.48 546.90 Td (enance. Pr) Tj ET Q q 0 0 0 rg BT 138.23 546.90 Td (operties tha) Tj ET Q q 0 0 0 rg BT 187.31 546.90 Td (t will be under) Tj ET Q q 0 0 0 rg BT 245.79 546.90 Td (g) Tj ET Q q 0 0 0 rg BT 250.43 546.90 Td (oing a r) Tj ET Q q 0 0 0 rg BT 280.63 546.90 Td (ede) Tj ET Q q 0 0 0 rg BT 295.78 546.90 Td (v) Tj ET Q q 0 0 0 rg BT 300.20 546.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 336.13 546.90 Td (t in a futur) Tj ET Q q 0 0 0 rg BT 378.86 546.90 Td (e period, including adjacen) Tj ET Q q 0 0 0 rg BT 488.08 546.90 Td (t par) Tj ET Q q 0 0 0 rg BT 507.07 546.90 Td (cels of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 534.90 Td (land, and those ha) Tj ET Q q 0 0 0 rg BT 146.81 534.90 Td (ving planning activities under) Tj ET Q q 0 0 0 rg BT 265.75 534.90 Td (w) Tj ET Q q 0 0 0 rg BT 272.79 534.90 Td (a) Tj ET Q q 0 0 0 rg BT 277.39 534.90 Td (y ar) Tj ET Q q 0 0 0 rg BT 292.32 534.90 Td (e also in this c) Tj ET Q q 0 0 0 rg BT 349.11 534.90 Td (a) Tj ET Q q 0 0 0 rg BT 353.81 534.90 Td (t) Tj ET Q q 0 0 0 rg BT 357.05 534.90 Td (eg) Tj ET Q q 0 0 0 rg BT 366.67 534.90 Td (or) Tj ET Q q 0 0 0 rg BT 375.48 534.90 Td (y un) Tj ET Q q 0 0 0 rg BT 392.68 534.90 Td (til such de) Tj ET Q q 0 0 0 rg BT 433.97 534.90 Td (v) Tj ET Q q 0 0 0 rg BT 438.39 534.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 474.31 534.90 Td (t activities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 522.90 Td (c) Tj ET Q q 0 0 0 rg BT 76.15 522.90 Td (ommence. A) Tj ET Q q 0 0 0 rg BT 127.15 522.90 Td (t tha) Tj ET Q q 0 0 0 rg BT 146.06 522.90 Td (t time, the pr) Tj ET Q q 0 0 0 rg BT 199.45 522.90 Td (operty will be r) Tj ET Q q 0 0 0 rg BT 260.72 522.90 Td (eclassified t) Tj ET Q q 0 0 0 rg BT 308.21 522.90 Td (o either same pr) Tj ET Q q 0 0 0 rg BT 374.85 522.90 Td (operty with incr) Tj ET Q q 0 0 0 rg BT 439.41 522.90 Td (emen) Tj ET Q q 0 0 0 rg BT 462.51 522.90 Td (t) Tj ET Q q 0 0 0 rg BT 465.74 522.90 Td (al r) Tj ET Q q 0 0 0 rg BT 478.44 522.90 Td (ede) Tj ET Q q 0 0 0 rg BT 493.60 522.90 Td (v) Tj ET Q q 0 0 0 rg BT 498.02 522.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 533.94 522.90 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 510.90 Td (and e) Tj ET Q q 0 0 0 rg BT 94.38 510.90 Td (xpansion activities or t) Tj ET Q q 0 0 0 rg BT 185.54 510.90 Td (o major r) Tj ET Q q 0 0 0 rg BT 222.63 510.90 Td (ede) Tj ET Q q 0 0 0 rg BT 237.78 510.90 Td (v) Tj ET Q q 0 0 0 rg BT 242.20 510.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 278.12 510.90 Td (t.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 492.90 Td (Same property with incremen) Tj ET Q q 0 0 0 rg BT 191.46 492.90 Td (t) Tj ET Q q 0 0 0 rg BT 194.68 492.90 Td (al rede) Tj ET Q q 0 0 0 rg BT 222.43 492.90 Td (velopmen) Tj ET Q q 0 0 0 rg BT 261.96 492.90 Td (t and e) Tj ET Q q 0 0 0 rg BT 289.83 492.90 Td (xpansion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 326.04 492.90 Td ( ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 328.30 492.90 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 335.54 492.90 Td (includes pr) Tj ET Q q 0 0 0 rg BT 379.85 492.90 Td (operties tha) Tj ET Q q 0 0 0 rg BT 428.93 492.90 Td (t ar) Tj ET Q q 0 0 0 rg BT 442.69 492.90 Td (e lar) Tj ET Q q 0 0 0 rg BT 460.36 492.90 Td (g) Tj ET Q q 0 0 0 rg BT 464.98 492.90 Td (ely s) Tj ET Q q 0 0 0 rg BT 482.84 492.90 Td (t) Tj ET Q q 0 0 0 rg BT 486.07 492.90 Td (able, including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 480.90 Td (adjacen) Tj ET Q q 0 0 0 rg BT 103.59 480.90 Td (t par) Tj ET Q q 0 0 0 rg BT 122.59 480.90 Td (cels of land, but ar) Tj ET Q q 0 0 0 rg BT 197.45 480.90 Td (e under) Tj ET Q q 0 0 0 rg BT 228.78 480.90 Td (g) Tj ET Q q 0 0 0 rg BT 233.42 480.90 Td (oing incr) Tj ET Q q 0 0 0 rg BT 268.34 480.90 Td (emen) Tj ET Q q 0 0 0 rg BT 291.44 480.90 Td (t) Tj ET Q q 0 0 0 rg BT 294.67 480.90 Td (al r) Tj ET Q q 0 0 0 rg BT 307.37 480.90 Td (ede) Tj ET Q q 0 0 0 rg BT 322.52 480.90 Td (v) Tj ET Q q 0 0 0 rg BT 326.94 480.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 362.86 480.90 Td (t or e) Tj ET Q q 0 0 0 rg BT 384.32 480.90 Td (xpansion activities \(pads or building ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 468.90 Td (e) Tj ET Q q 0 0 0 rg BT 76.82 468.90 Td (x) Tj ET Q q 0 0 0 rg BT 81.18 468.90 Td (t) Tj ET Q q 0 0 0 rg BT 84.43 468.90 Td (ensions\) which in) Tj ET Q q 0 0 0 rg BT 154.49 468.90 Td (t) Tj ET Q q 0 0 0 rg BT 157.73 468.90 Td (ensif) Tj ET Q q 0 0 0 rg BT 177.27 468.90 Td (y the land use. Such r) Tj ET Q q 0 0 0 rg BT 263.62 468.90 Td (ede) Tj ET Q q 0 0 0 rg BT 278.78 468.90 Td (v) Tj ET Q q 0 0 0 rg BT 283.20 468.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 319.12 468.90 Td (t activities oft) Tj ET Q q 0 0 0 rg BT 374.56 468.90 Td (en include f) Tj ET Q q 0 0 0 rg BT 421.73 468.90 Td (ac) Tj ET Q q 0 0 0 rg BT 430.66 468.90 Td (ade, parking) Tj ET Q q 0 0 0 rg BT 480.88 468.90 Td (, ligh) Tj ET Q q 0 0 0 rg BT 500.10 468.90 Td (ting and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 456.90 Td (building upgr) Tj ET Q q 0 0 0 rg BT 125.36 456.90 Td (ades.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 438.90 Td (Major rede) Tj ET Q q 0 0 0 rg BT 98.96 438.90 Td (velopmen) Tj ET Q q 0 0 0 rg BT 138.49 438.90 Td (t ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 144.10 438.90 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 151.34 438.90 Td (includes pr) Tj ET Q q 0 0 0 rg BT 195.65 438.90 Td (operties in planning or under) Tj ET Q q 0 0 0 rg BT 313.71 438.90 Td (g) Tj ET Q q 0 0 0 rg BT 318.35 438.90 Td (oing multi-) Tj ET Q q 0 0 0 rg BT 362.29 438.90 Td (y) Tj ET Q q 0 0 0 rg BT 366.69 438.90 Td (ear r) Tj ET Q q 0 0 0 rg BT 385.56 438.90 Td (ede) Tj ET Q q 0 0 0 rg BT 400.71 438.90 Td (v) Tj ET Q q 0 0 0 rg BT 405.13 438.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 441.06 438.90 Td (t pr) Tj ET Q q 0 0 0 rg BT 455.25 438.90 Td (ojects with signific) Tj ET Q q 0 0 0 rg BT 529.90 438.90 Td (an) Tj ET Q q 0 0 0 rg BT 539.85 438.90 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 426.90 Td (in) Tj ET Q q 0 0 0 rg BT 61.46 426.90 Td (t) Tj ET Q q 0 0 0 rg BT 64.70 426.90 Td (ensific) Tj ET Q q 0 0 0 rg BT 90.63 426.90 Td (a) Tj ET Q q 0 0 0 rg BT 95.32 426.90 Td (tion, r) Tj ET Q q 0 0 0 rg BT 119.61 426.90 Td (ec) Tj ET Q q 0 0 0 rg BT 128.73 426.90 Td (on) Tj ET Q q 0 0 0 rg BT 139.20 426.90 Td (figur) Tj ET Q q 0 0 0 rg BT 157.78 426.90 Td (a) Tj ET Q q 0 0 0 rg BT 162.48 426.90 Td (tion and building and t) Tj ET Q q 0 0 0 rg BT 254.14 426.90 Td (enan) Tj ET Q q 0 0 0 rg BT 274.32 426.90 Td (t upgr) Tj ET Q q 0 0 0 rg BT 298.43 426.90 Td (ades.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 408.90 Td (Ground-up de) Tj ET Q q 0 0 0 rg BT 109.75 408.90 Td (velopmen) Tj ET Q q 0 0 0 rg BT 149.28 408.90 Td (t ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 154.89 408.90 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 162.13 408.90 Td ( c) Tj ET Q q 0 0 0 rg BT 168.54 408.90 Td (onsis) Tj ET Q q 0 0 0 rg BT 189.07 408.90 Td (ts of ne) Tj ET Q q 0 0 0 rg BT 219.36 408.90 Td (w c) Tj ET Q q 0 0 0 rg BT 232.92 408.90 Td (ons) Tj ET Q q 0 0 0 rg BT 247.24 408.90 Td (truction, either on a v) Tj ET Q q 0 0 0 rg BT 335.29 408.90 Td (ac) Tj ET Q q 0 0 0 rg BT 344.23 408.90 Td (an) Tj ET Q q 0 0 0 rg BT 354.18 408.90 Td (t land par) Tj ET Q q 0 0 0 rg BT 393.03 408.90 Td (cel typic) Tj ET Q q 0 0 0 rg BT 426.36 408.90 Td (ally situa) Tj ET Q q 0 0 0 rg BT 462.03 408.90 Td (t) Tj ET Q q 0 0 0 rg BT 465.27 408.90 Td (ed in an urban ar) Tj ET Q q 0 0 0 rg BT 534.32 408.90 Td (ea ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 396.90 Td (or on an urban land sit) Tj ET Q q 0 0 0 rg BT 145.71 396.90 Td (e with c) Tj ET Q q 0 0 0 rg BT 177.40 396.90 Td (on) Tj ET Q q 0 0 0 rg BT 187.76 396.90 Td (v) Tj ET Q q 0 0 0 rg BT 192.18 396.90 Td (er) Tj ET Q q 0 0 0 rg BT 200.47 396.90 Td (sion of an e) Tj ET Q q 0 0 0 rg BT 247.18 396.90 Td (xis) Tj ET Q q 0 0 0 rg BT 257.61 396.90 Td (ting v) Tj ET Q q 0 0 0 rg BT 279.84 396.90 Td (ac) Tj ET Q q 0 0 0 rg BT 288.78 396.90 Td (an) Tj ET Q q 0 0 0 rg BT 298.73 396.90 Td (t building t) Tj ET Q q 0 0 0 rg BT 342.46 396.90 Td (o r) Tj ET Q q 0 0 0 rg BT 353.35 396.90 Td (e) Tj ET Q q 0 0 0 rg BT 358.27 396.90 Td (t) Tj ET Q q 0 0 0 rg BT 361.50 396.90 Td (ail use.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 378.90 Td (Ac) Tj ET Q q 0 0 0 rg BT 63.88 378.90 Td (quisitions and dispositions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 170.00 378.90 Td ( ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 172.26 378.90 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 179.50 378.90 Td (includes pr) Tj ET Q q 0 0 0 rg BT 223.81 378.90 Td (operties and pr) Tj ET Q q 0 0 0 rg BT 285.73 378.90 Td (operties adjacen) Tj ET Q q 0 0 0 rg BT 353.10 378.90 Td (t t) Tj ET Q q 0 0 0 rg BT 361.96 378.90 Td (o the Compan) Tj ET Q q 0 0 0 rg BT 419.04 378.90 Td (y) Tj ET Q q 0 0 0 rg BT 423.87 378.90 Td () Tj ET Q q 0 0 0 rg BT 425.76 378.90 Td (s e) Tj ET Q q 0 0 0 rg BT 436.75 378.90 Td (xis) Tj ET Q q 0 0 0 rg BT 447.18 378.90 Td (ting pr) Tj ET Q q 0 0 0 rg BT 473.62 378.90 Td (operties included ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 366.90 Td (in other c) Tj ET Q q 0 0 0 rg BT 92.55 366.90 Td (a) Tj ET Q q 0 0 0 rg BT 97.25 366.90 Td (t) Tj ET Q q 0 0 0 rg BT 100.49 366.90 Td (eg) Tj ET Q q 0 0 0 rg BT 110.11 366.90 Td (ories tha) Tj ET Q q 0 0 0 rg BT 145.61 366.90 Td (t w) Tj ET Q q 0 0 0 rg BT 158.28 366.90 Td (er) Tj ET Q q 0 0 0 rg BT 166.61 366.90 Td (e acquir) Tj ET Q q 0 0 0 rg BT 199.02 366.90 Td (ed during the period. Dispositions include in) Tj ET Q q 0 0 0 rg BT 377.93 366.90 Td (f) Tj ET Q q 0 0 0 rg BT 380.77 366.90 Td (orma) Tj ET Q q 0 0 0 rg BT 402.22 366.90 Td (tion f) Tj ET Q q 0 0 0 rg BT 423.49 366.90 Td (or pr) Tj ET Q q 0 0 0 rg BT 443.09 366.90 Td (operties disposed of in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 354.90 Td (the period.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 336.90 Td (In) Tj ET Q q 0 0 0 rg BT 61.49 336.90 Td (ves) Tj ET Q q 0 0 0 rg BT 74.50 336.90 Td (tmen) Tj ET Q q 0 0 0 rg BT 95.58 336.90 Td (t properties classified as held f) Tj ET Q q 0 0 0 rg BT 217.84 336.90 Td (or sale) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 244.77 336.90 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 254.27 336.90 Td (r) Tj ET Q q 0 0 0 rg BT 257.62 336.90 Td (epr) Tj ET Q q 0 0 0 rg BT 271.21 336.90 Td (esen) Tj ET Q q 0 0 0 rg BT 290.23 336.90 Td (ts those pr) Tj ET Q q 0 0 0 rg BT 333.36 336.90 Td (operties classified on the c) Tj ET Q q 0 0 0 rg BT 441.18 336.90 Td (onsolida) Tj ET Q q 0 0 0 rg BT 475.43 336.90 Td (t) Tj ET Q q 0 0 0 rg BT 478.67 336.90 Td (ed balance ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 324.90 Td (shee) Tj ET Q q 0 0 0 rg BT 73.06 324.90 Td (ts which mee) Tj ET Q q 0 0 0 rg BT 126.91 324.90 Td (t the crit) Tj ET Q q 0 0 0 rg BT 161.61 324.90 Td (eria as described in the Business and Oper) Tj ET Q q 0 0 0 rg BT 337.01 324.90 Td (a) Tj ET Q q 0 0 0 rg BT 341.71 324.90 Td (tions R) Tj ET Q q 0 0 0 rg BT 369.31 324.90 Td (e) Tj ET Q q 0 0 0 rg BT 374.23 324.90 Td (vie) Tj ET Q q 0 0 0 rg BT 385.97 324.90 Td (w In) Tj ET Q q 0 0 0 rg BT 410.23 324.90 Td (v) Tj ET Q q 0 0 0 rg BT 414.65 324.90 Td (es) Tj ET Q q 0 0 0 rg BT 423.42 324.90 Td (tmen) Tj ET Q q 0 0 0 rg BT 444.90 324.90 Td (t Pr) Tj ET Q q 0 0 0 rg BT 459.00 324.90 Td (operties Classified as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 312.90 Td (Held F) Tj ET Q q 0 0 0 rg BT 79.47 312.90 Td (or Sale section of this MD&A) Tj ET Q q 0 0 0 rg BT 200.17 312.90 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 294.90 Td (In) Tj ET Q q 0 0 0 rg BT 61.49 294.90 Td (ves) Tj ET Q q 0 0 0 rg BT 74.50 294.90 Td (tmen) Tj ET Q q 0 0 0 rg BT 95.58 294.90 Td (t properties ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.81 294.90 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 152.05 294.90 Td (de) Tj ET Q q 0 0 0 rg BT 161.90 294.90 Td (velopmen) Tj ET Q q 0 0 0 rg BT 201.43 294.90 Td (t land) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 224.76 294.90 Td (: c) Tj ET Q q 0 0 0 rg BT 233.84 294.90 Td (omprises land sit) Tj ET Q q 0 0 0 rg BT 302.50 294.90 Td (es wher) Tj ET Q q 0 0 0 rg BT 334.38 294.90 Td (e ther) Tj ET Q q 0 0 0 rg BT 358.55 294.90 Td (e ar) Tj ET Q q 0 0 0 rg BT 373.93 294.90 Td (e no de) Tj ET Q q 0 0 0 rg BT 404.14 294.90 Td (v) Tj ET Q q 0 0 0 rg BT 408.56 294.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 444.48 294.90 Td (t activities under) Tj ET Q q 0 0 0 rg BT 512.63 294.90 Td (w) Tj ET Q q 0 0 0 rg BT 519.67 294.90 Td (a) Tj ET Q q 0 0 0 rg BT 524.27 294.90 Td (y) Tj ET Q q 0 0 0 rg BT 528.09 294.90 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 282.90 Td (e) Tj ET Q q 0 0 0 rg BT 58.82 282.90 Td (x) Tj ET Q q 0 0 0 rg BT 62.93 282.90 Td (cep) Tj ET Q q 0 0 0 rg BT 77.34 282.90 Td (t f) Tj ET Q q 0 0 0 rg BT 85.80 282.90 Td (or those in the planning s) Tj ET Q q 0 0 0 rg BT 188.65 282.90 Td (t) Tj ET Q q 0 0 0 rg BT 191.88 282.90 Td (ag) Tj ET Q q 0 0 0 rg BT 201.29 282.90 Td (e.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 264.90 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 264.90 Td (y has applied the abo) Tj ET Q q 0 0 0 rg BT 191.56 264.90 Td (v) Tj ET Q q 0 0 0 rg BT 195.98 264.90 Td (e pr) Tj ET Q q 0 0 0 rg BT 211.80 264.90 Td (operty c) Tj ET Q q 0 0 0 rg BT 245.07 264.90 Td (a) Tj ET Q q 0 0 0 rg BT 249.77 264.90 Td (t) Tj ET Q q 0 0 0 rg BT 253.01 264.90 Td (eg) Tj ET Q q 0 0 0 rg BT 262.62 264.90 Td (oriz) Tj ET Q q 0 0 0 rg BT 277.46 264.90 Td (a) Tj ET Q q 0 0 0 rg BT 282.16 264.90 Td (tion t) Tj ET Q q 0 0 0 rg BT 303.84 264.90 Td (o the f) Tj ET Q q 0 0 0 rg BT 330.07 264.90 Td (air v) Tj ET Q q 0 0 0 rg BT 347.28 264.90 Td (alue, c) Tj ET Q q 0 0 0 rg BT 373.49 264.90 Td (apit) Tj ET Q q 0 0 0 rg BT 389.06 264.90 Td (al e) Tj ET Q q 0 0 0 rg BT 403.23 264.90 Td (xpenditur) Tj ET Q q 0 0 0 rg BT 442.55 264.90 Td (es, leasing and occupancy ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 252.90 Td (activity on its shopping cen) Tj ET Q q 0 0 0 rg BT 164.04 252.90 Td (tr) Tj ET Q q 0 0 0 rg BT 170.75 252.90 Td (e portf) Tj ET Q q 0 0 0 rg BT 198.19 252.90 Td (olio) Tj ET Q q 0 0 0 rg BT 213.15 252.90 Td (, and t) Tj ET Q q 0 0 0 rg BT 238.71 252.90 Td (o its same pr) Tj ET Q q 0 0 0 rg BT 290.57 252.90 Td (operty NOI analy) Tj ET Q q 0 0 0 rg BT 359.11 252.90 Td (sis t) Tj ET Q q 0 0 0 rg BT 374.74 252.90 Td (o further assis) Tj ET Q q 0 0 0 rg BT 432.10 252.90 Td (t in under) Tj ET Q q 0 0 0 rg BT 471.57 252.90 Td (s) Tj ET Q q 0 0 0 rg BT 475.37 252.90 Td (t) Tj ET Q q 0 0 0 rg BT 478.60 252.90 Td (anding the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 240.90 Td (Compan) Tj ET Q q 0 0 0 rg BT 87.71 240.90 Td (y) Tj ET Q q 0 0 0 rg BT 92.54 240.90 Td () Tj ET Q q 0 0 0 rg BT 94.42 240.90 Td (s r) Tj ET Q q 0 0 0 rg BT 103.95 240.90 Td (eal es) Tj ET Q q 0 0 0 rg BT 127.04 240.90 Td (t) Tj ET Q q 0 0 0 rg BT 130.27 240.90 Td (a) Tj ET Q q 0 0 0 rg BT 134.97 240.90 Td (t) Tj ET Q q 0 0 0 rg BT 138.21 240.90 Td (e activities and its oper) Tj ET Q q 0 0 0 rg BT 231.87 240.90 Td (a) Tj ET Q q 0 0 0 rg BT 236.57 240.90 Td (ting and financial perf) Tj ET Q q 0 0 0 rg BT 325.06 240.90 Td (ormance.) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 215.70 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 60.03 215.70 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.86 215.70 Td (onciliation of In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.85 215.70 Td (ves) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.62 215.70 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.37 215.70 Td (t Properties Shopping Cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.92 215.70 Td (tres, as presen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.81 215.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.53 215.70 Td (ed, t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.76 215.70 Td (o the ) Tj ET Q BT /F6 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 202.50 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.59 202.50 Td (y) Tj ET Q BT /F2 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.76 202.50 Td () Tj ET Q BT /F6 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.60 202.50 Td (s Proportionat) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.06 202.50 Td (e In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.58 202.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.30 202.50 Td (eres) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.19 202.50 Td (t) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 187.50 Td (Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.49 187.50 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.65 187.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.89 187.50 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.58 187.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.82 187.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.15 187.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.93 187.50 Td (t is not an IFR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.86 187.50 Td (S measur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.99 187.50 Td (e, but is de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.45 187.50 Td (fined b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.74 187.50 Td (y Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.54 187.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.64 187.50 Td (t as the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.76 187.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.59 187.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.47 187.50 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.22 187.50 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.38 187.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.62 187.50 Td (e shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 519.17 187.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 175.50 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 175.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.28 175.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.70 175.50 Td (enues, e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.65 175.50 Td (xpenses, asse) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.55 175.50 Td (ts and liabilities in all of its r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.15 175.50 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.25 175.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.47 175.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.17 175.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.41 175.50 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.03 175.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.45 175.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.23 175.50 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.70 175.50 Td (ts. This pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.95 175.50 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.97 175.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.20 175.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.90 175.50 Td (tion is r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.15 175.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.04 175.50 Td (flect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.83 175.50 Td (ed thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.25 175.50 Td (oughout this ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 163.50 Td (MD&A t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.82 163.50 Td (o indic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.60 163.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.30 163.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.54 163.50 Td (e the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.32 163.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.15 163.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.04 163.50 Td (s equity acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.29 163.50 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.97 163.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.22 163.50 Td (ed join) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.83 163.50 Td (t v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.86 163.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.00 163.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.95 163.50 Td (e and the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.94 163.50 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.91 163.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.15 163.50 Td (ed shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.95 163.50 Td (e of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.13 163.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.06 163.50 Td (v) Tj ET Q q 0.21176470588235294 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223.68 151.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.81 151.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.77 151.50 Td (e on a pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.43 151.50 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.58 151.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.83 151.50 Td (ely c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.03 151.50 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.28 151.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.52 151.50 Td (ed basis a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.13 151.50 Td (t the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.29 151.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.12 151.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.00 151.50 Td (s o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.41 151.50 Td (wner) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.10 151.50 Td (ship ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 139.50 Td (per) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.57 139.50 Td (cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.93 139.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.16 139.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.58 139.50 Td (e in the join) Tj ET Q q 0.21176470588235294 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Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (13) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (The f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.21 694.50 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.30 694.50 Td (wing t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.20 694.50 Td (able pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.35 694.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.58 694.50 Td (vides the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.99 694.50 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.11 694.50 Td (oncilia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.45 694.50 Td (tion of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.01 694.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.84 694.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.72 694.50 Td (s in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.28 694.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.70 694.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.47 694.50 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.95 694.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.14 694.50 Td (operties ) Tj ET Q BT /F4 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.92 694.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.16 694.50 Td (shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.99 694.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.69 694.50 Td (es, as pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 509.90 694.50 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 528.93 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 532.17 694.50 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 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0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.04 682.50 Td (ts t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.81 682.50 Td (o pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.93 682.50 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.08 682.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.33 682.50 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.02 682.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.26 682.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.59 682.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.37 682.50 Td (t.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 672 m 393.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 658 m 393.5 658 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 672 m 473.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393.5 658 m 473.5 658 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 672 m 553.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 658 m 553.5 658 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 628 m 393.5 628 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393.5 628 m 473.5 628 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 628 m 553.5 628 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 613 m 393.5 613 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 613 m 473.5 613 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 613 m 553.5 613 l s BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 662.25 Td (\(millions of dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.65 662.50 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.40 662.50 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 647.75 Td (Fair value of investment properties shopping centres, as presented) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.00 647.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.55 647.75 Td (7,210) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 647.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.75 647.75 Td (7,126) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 632.75 Td (Investment in joint venture: fair value of investment properties shopping centres) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 632.75 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.10 632.75 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 617.75 Td (Proportionate interest in fair value of investment properties shopping centres) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.00 617.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.55 617.75 Td (7,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.00 617.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.75 617.75 Td (7,175) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 591.40 Td (P) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.68 591.40 Td (ortf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.56 591.40 Td (olio Over) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.94 591.40 Td (vie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.12 591.40 Td (w) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 576.40 Td (As a) Tj ET Q q 0 0 0 rg BT 70.66 576.40 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.27 576.40 Td (Mar) Tj ET Q q 0 0 0 rg BT 92.95 576.40 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.85 576.40 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 194.16 576.40 Td (y had in) Tj ET Q q 0 0 0 rg BT 225.96 576.40 Td (t) Tj ET Q q 0 0 0 rg BT 229.20 576.40 Td (er) Tj ET Q q 0 0 0 rg BT 237.53 576.40 Td (es) Tj ET Q q 0 0 0 rg BT 246.30 576.40 Td (ts in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 265.64 576.40 Td (164) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 280.84 576.40 Td ( in) Tj ET Q q 0 0 0 rg BT 290.48 576.40 Td (v) Tj ET Q q 0 0 0 rg BT 294.90 576.40 Td (es) Tj ET Q q 0 0 0 rg BT 303.68 576.40 Td (tmen) Tj ET Q q 0 0 0 rg BT 325.15 576.40 Td (t pr) Tj ET Q q 0 0 0 rg BT 339.34 576.40 Td (operties shopping cen) Tj ET Q q 0 0 0 rg BT 436.19 576.40 Td (tr) Tj ET Q q 0 0 0 rg BT 442.90 576.40 Td (es, tha) Tj ET Q q 0 0 0 rg BT 469.84 576.40 Td (t w) Tj ET Q q 0 0 0 rg BT 482.51 576.40 Td (er) Tj ET Q q 0 0 0 rg BT 490.84 576.40 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 498.08 576.40 Td (95.3%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 522.96 576.40 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 564.40 Td (occupied with a t) Tj ET Q q 0 0 0 rg BT 123.63 564.40 Td (ot) Tj ET Q q 0 0 0 rg BT 132.13 564.40 Td (al GLA of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 170.63 564.40 Td (24.5 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 218.31 564.40 Td ( squar) Tj ET Q q 0 0 0 rg BT 243.14 564.40 Td (e f) Tj ET Q q 0 0 0 rg BT 253.17 564.40 Td (ee) Tj ET Q q 0 0 0 rg BT 263.07 564.40 Td (t. This c) Tj ET Q q 0 0 0 rg BT 293.95 564.40 Td (ompar) Tj ET Q q 0 0 0 rg BT 320.61 564.40 Td (es t) Tj ET Q q 0 0 0 rg BT 335.01 564.40 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.54 564.40 Td (164) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 357.75 564.40 Td ( in) Tj ET Q q 0 0 0 rg BT 367.39 564.40 Td (v) Tj ET Q q 0 0 0 rg BT 371.81 564.40 Td (es) Tj ET Q q 0 0 0 rg BT 380.58 564.40 Td (tmen) Tj ET Q q 0 0 0 rg BT 402.06 564.40 Td (t pr) Tj ET Q q 0 0 0 rg BT 416.25 564.40 Td (operties shopping cen) Tj ET Q q 0 0 0 rg BT 513.10 564.40 Td (tr) Tj ET Q q 0 0 0 rg BT 519.80 564.40 Td (es ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 552.40 Td (which w) Tj ET Q q 0 0 0 rg BT 87.50 552.40 Td (er) Tj ET Q q 0 0 0 rg BT 95.83 552.40 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 103.07 552.40 Td (95.5%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 127.95 552.40 Td ( occupied with a t) Tj ET Q q 0 0 0 rg BT 199.84 552.40 Td (ot) Tj ET Q q 0 0 0 rg BT 208.34 552.40 Td (al GLA of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 246.83 552.40 Td (24.5 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 294.52 552.40 Td ( squar) Tj ET Q q 0 0 0 rg BT 319.34 552.40 Td (e f) Tj ET Q q 0 0 0 rg BT 329.38 552.40 Td (ee) Tj ET Q q 0 0 0 rg BT 339.28 552.40 Td (t as a) Tj ET Q q 0 0 0 rg BT 360.55 552.40 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.16 552.40 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.62 552.40 Td (. The a) Tj ET Q q 0 0 0 rg BT 472.39 552.40 Td (v) Tj ET Q q 0 0 0 rg BT 476.81 552.40 Td (er) Tj ET Q q 0 0 0 rg BT 485.07 552.40 Td (ag) Tj ET Q q 0 0 0 rg BT 494.48 552.40 Td (e siz) Tj ET Q q 0 0 0 rg BT 511.65 552.40 Td (e of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 540.40 Td (shopping cen) Tj ET Q q 0 0 0 rg BT 107.83 540.40 Td (tr) Tj ET Q q 0 0 0 rg BT 114.53 540.40 Td (es is appr) Tj ET Q q 0 0 0 rg BT 152.77 540.40 Td (o) Tj ET Q q 0 0 0 rg BT 157.85 540.40 Td (xima) Tj ET Q q 0 0 0 rg BT 177.16 540.40 Td (t) Tj ET Q q 0 0 0 rg BT 180.40 540.40 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 194.46 540.40 Td (150,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.36 540.40 Td ( squar) Tj ET Q q 0 0 0 rg BT 252.19 540.40 Td (e f) Tj ET Q q 0 0 0 rg BT 262.23 540.40 Td (ee) Tj ET Q q 0 0 0 rg BT 272.13 540.40 Td (t, with siz) Tj ET Q q 0 0 0 rg BT 310.47 540.40 Td (es r) Tj ET Q q 0 0 0 rg BT 324.90 540.40 Td (anging fr) Tj ET Q q 0 0 0 rg BT 360.54 540.40 Td (om appr) Tj ET Q q 0 0 0 rg BT 394.69 540.40 Td (o) Tj ET Q q 0 0 0 rg BT 399.77 540.40 Td (xima) Tj ET Q q 0 0 0 rg BT 419.08 540.40 Td (t) Tj ET Q q 0 0 0 rg BT 422.32 540.40 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.38 540.40 Td (20,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.21 540.40 Td ( t) Tj ET Q q 0 0 0 rg BT 469.73 540.40 Td (o o) Tj ET Q q 0 0 0 rg BT 482.49 540.40 Td (v) Tj ET Q q 0 0 0 rg BT 486.91 540.40 Td (er ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 497.63 540.40 Td (575,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.54 540.40 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 528.40 Td (squar) Tj ET Q q 0 0 0 rg BT 76.56 528.40 Td (e f) Tj ET Q q 0 0 0 rg BT 86.60 528.40 Td (ee) Tj ET Q q 0 0 0 rg BT 96.50 528.40 Td (t.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 510.40 Td (The same pr) Tj ET Q q 0 0 0 rg BT 103.87 510.40 Td (operty portf) Tj ET Q q 0 0 0 rg BT 153.20 510.40 Td (olio includes shopping cen) Tj ET Q q 0 0 0 rg BT 260.15 510.40 Td (tr) Tj ET Q q 0 0 0 rg BT 266.86 510.40 Td (es c) Tj ET Q q 0 0 0 rg BT 282.15 510.40 Td (a) Tj ET Q q 0 0 0 rg BT 286.85 510.40 Td (t) Tj ET Q q 0 0 0 rg BT 290.09 510.40 Td (eg) Tj ET Q q 0 0 0 rg BT 299.70 510.40 Td (oriz) Tj ET Q q 0 0 0 rg BT 314.48 510.40 Td (ed in same pr) Tj ET Q q 0 0 0 rg BT 369.29 510.40 Td (operty s) Tj ET Q q 0 0 0 rg BT 409.45 510.40 Td (t) Tj ET Q q 0 0 0 rg BT 412.68 510.40 Td (able and same pr) Tj ET Q q 0 0 0 rg BT 482.32 510.40 Td (operty with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 498.40 Td (incr) Tj ET Q q 0 0 0 rg BT 69.13 498.40 Td (emen) Tj ET Q q 0 0 0 rg BT 92.23 498.40 Td (t) Tj ET Q q 0 0 0 rg BT 95.46 498.40 Td (al r) Tj ET Q q 0 0 0 rg BT 108.16 498.40 Td (ede) Tj ET Q q 0 0 0 rg BT 123.32 498.40 Td (v) Tj ET Q q 0 0 0 rg BT 127.74 498.40 Td (elopmen) Tj ET Q q 0 0 0 rg BT 163.66 498.40 Td (t and e) Tj ET Q q 0 0 0 rg BT 191.65 498.40 Td (xpansion. The same pr) Tj ET Q q 0 0 0 rg BT 282.67 498.40 Td (operty portf) Tj ET Q q 0 0 0 rg BT 332.00 498.40 Td (olio is c) Tj ET Q q 0 0 0 rg BT 362.01 498.40 Td (omprised of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 413.29 498.40 Td (132) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 428.50 498.40 Td ( pr) Tj ET Q q 0 0 0 rg BT 439.34 498.40 Td (operties t) Tj ET Q q 0 0 0 rg BT 478.37 498.40 Td (ot) Tj ET Q q 0 0 0 rg BT 486.87 498.40 Td (alling ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 486.40 Td (19.0 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.69 486.40 Td ( squar) Tj ET Q q 0 0 0 rg BT 126.51 486.40 Td (e f) Tj ET Q q 0 0 0 rg BT 136.55 486.40 Td (ee) Tj ET Q q 0 0 0 rg BT 146.45 486.40 Td (t of GLA with a f) Tj ET Q q 0 0 0 rg BT 211.42 486.40 Td (air v) Tj ET Q q 0 0 0 rg BT 228.62 486.40 Td (alue of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 258.78 486.40 Td ($5.4 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.73 486.40 Td (. These pr) Tj ET Q q 0 0 0 rg BT 343.35 486.40 Td (operties r) Tj ET Q q 0 0 0 rg BT 382.48 486.40 Td (epr) Tj ET Q q 0 0 0 rg BT 396.07 486.40 Td (esen) Tj ET Q q 0 0 0 rg BT 415.09 486.40 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.70 486.40 Td (80%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.98 486.40 Td ( of the Compan) Tj ET Q q 0 0 0 rg BT 500.38 486.40 Td (y's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 474.40 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 474.40 Td (operty c) Tj ET Q q 0 0 0 rg BT 95.85 474.40 Td (oun) Tj ET Q q 0 0 0 rg BT 111.54 474.40 Td (t, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 119.64 474.40 Td (78%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 136.93 474.40 Td ( of its GLA and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.71 474.40 Td (74%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.00 474.40 Td ( of its f) Tj ET Q q 0 0 0 rg BT 242.52 474.40 Td (air v) Tj ET Q q 0 0 0 rg BT 259.72 474.40 Td (alue. During the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.07 474.40 Td (thr) Tj ET Q q 0 0 0 rg BT 339.02 474.40 Td (ee mon) Tj ET Q q 0 0 0 rg BT 369.66 474.40 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 429.09 474.40 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.00 474.40 Td (, these ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 462.40 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 462.40 Td (operties g) Tj ET Q q 0 0 0 rg BT 102.98 462.40 Td (ener) Tj ET Q q 0 0 0 rg BT 121.47 462.40 Td (a) Tj ET Q q 0 0 0 rg BT 126.17 462.40 Td (t) Tj ET Q q 0 0 0 rg BT 129.41 462.40 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.90 462.40 Td ($75.4 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 194.65 462.40 Td ( of NOI which is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 260.26 462.40 Td (76%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 277.55 462.40 Td ( of the Compan) Tj ET Q q 0 0 0 rg BT 339.94 462.40 Td (y's t) Tj ET Q q 0 0 0 rg BT 356.10 462.40 Td (ot) Tj ET Q q 0 0 0 rg BT 364.60 462.40 Td (al NOI f) Tj ET Q q 0 0 0 rg BT 394.64 462.40 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 421.50 462.40 Td (thr) Tj ET Q q 0 0 0 rg BT 433.46 462.40 Td (ee mon) Tj ET Q q 0 0 0 rg BT 464.10 462.40 Td (ths ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 450.40 Td (Mar) Tj ET Q q 0 0 0 rg BT 70.68 450.40 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 117.59 450.40 Td (. The s) Tj ET Q q 0 0 0 rg BT 143.54 450.40 Td (t) Tj ET Q q 0 0 0 rg BT 146.76 450.40 Td (ability of the portf) Tj ET Q q 0 0 0 rg BT 220.46 450.40 Td (olio is r) Tj ET Q q 0 0 0 rg BT 249.68 450.40 Td (e) Tj ET Q q 0 0 0 rg BT 254.57 450.40 Td (flect) Tj ET Q q 0 0 0 rg BT 272.36 450.40 Td (ed in the high occupancy of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 386.15 450.40 Td (96.1%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 411.03 450.40 Td ( as a) Tj ET Q q 0 0 0 rg BT 428.95 450.40 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 434.56 450.40 Td (Mar) Tj ET Q q 0 0 0 rg BT 451.24 450.40 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 498.15 450.40 Td (, which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 438.40 Td (decr) Tj ET Q q 0 0 0 rg BT 71.81 438.40 Td (eased fr) Tj ET Q q 0 0 0 rg BT 104.36 438.40 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 119.88 438.40 Td (96.5%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.76 438.40 Td ( as a) Tj ET Q q 0 0 0 rg BT 162.68 438.40 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 168.29 438.40 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 247.75 438.40 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 420.40 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 420.40 Td (y) Tj ET Q q 0 0 0 rg BT 109.90 420.40 Td () Tj ET Q q 0 0 0 rg BT 111.78 420.40 Td (s pr) Tj ET Q q 0 0 0 rg BT 126.53 420.40 Td (oportiona) Tj ET Q q 0 0 0 rg BT 166.69 420.40 Td (t) Tj ET Q q 0 0 0 rg BT 169.93 420.40 Td (e in) Tj ET Q q 0 0 0 rg BT 184.63 420.40 Td (t) Tj ET Q q 0 0 0 rg BT 187.87 420.40 Td (er) Tj ET Q q 0 0 0 rg BT 196.20 420.40 Td (es) Tj ET Q q 0 0 0 rg BT 204.97 420.40 Td (t in its shopping cen) Tj ET Q q 0 0 0 rg BT 286.04 420.40 Td (tr) Tj ET Q q 0 0 0 rg BT 292.74 420.40 Td (e portf) Tj ET Q q 0 0 0 rg BT 320.18 420.40 Td (olio based on pr) Tj ET Q q 0 0 0 rg BT 385.39 420.40 Td (operty c) Tj ET Q q 0 0 0 rg BT 418.66 420.40 Td (a) Tj ET Q q 0 0 0 rg BT 423.36 420.40 Td (t) Tj ET Q q 0 0 0 rg BT 426.60 420.40 Td (eg) Tj ET Q q 0 0 0 rg BT 436.22 420.40 Td (oriz) Tj ET Q q 0 0 0 rg BT 451.06 420.40 Td (a) Tj ET Q q 0 0 0 rg BT 455.75 420.40 Td (tion is summariz) Tj ET Q q 0 0 0 rg BT 522.09 420.40 Td (ed as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 408.40 Td (f) Tj ET Q q 0 0 0 rg BT 56.84 408.40 Td (ollo) Tj ET Q q 0 0 0 rg BT 71.94 408.40 Td (w) Tj ET Q q 0 0 0 rg BT 79.00 408.40 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 397.9 m 180.5 397.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 397.9 m 218.5 397.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 397.9 m 256.5 397.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 397.9 m 294.5 397.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 397.9 m 332.5 397.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 397.9 m 370.5 397.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 397.9 m 406.5 397.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 397.9 m 444.5 397.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 397.9 m 482.5 397.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 397.9 m 520.5 397.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 397.9 m 558.5 397.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 382.9 m 180.5 382.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 341.9 m 180.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180.5 382.9 m 218.5 382.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180.5 341.9 m 218.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 382.9 m 256.5 382.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 341.9 m 256.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 382.9 m 294.5 382.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 341.9 m 294.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 382.9 m 332.5 382.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 341.9 m 332.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 382.9 m 370.5 382.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 341.9 m 370.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 370.5 382.9 m 406.5 382.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 370.5 341.9 m 406.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 382.9 m 444.5 382.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 341.9 m 444.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 382.9 m 482.5 382.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 341.9 m 482.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 382.9 m 520.5 382.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 341.9 m 520.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 382.9 m 558.5 382.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 341.9 m 558.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 341.9 m 332.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 341.9 m 370.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 341.9 m 520.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 341.9 m 558.5 341.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 304.9 m 180.5 304.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 291.9 m 180.5 291.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180.5 304.9 m 218.5 304.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180.5 291.9 m 218.5 291.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 304.9 m 256.5 304.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 291.9 m 256.5 291.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 304.9 m 294.5 304.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 291.9 m 294.5 291.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 304.9 m 332.5 304.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 291.9 m 332.5 291.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 304.9 m 370.5 304.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 291.9 m 370.5 291.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 370.5 304.9 m 406.5 304.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 370.5 291.9 m 406.5 291.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 304.9 m 444.5 304.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 291.9 m 444.5 291.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 304.9 m 482.5 304.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 291.9 m 482.5 291.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 304.9 m 520.5 304.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 291.9 m 520.5 291.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 304.9 m 558.5 304.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 291.9 m 558.5 291.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 204.89999999999998 m 180.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180.5 204.89999999999998 m 218.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 204.89999999999998 m 256.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 204.89999999999998 m 294.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 204.89999999999998 m 332.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 204.89999999999998 m 370.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 370.5 204.89999999999998 m 406.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 204.89999999999998 m 444.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 204.89999999999998 m 482.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 204.89999999999998 m 520.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 204.89999999999998 m 558.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 189.89999999999998 m 180.5 189.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180.5 204.89999999999998 m 218.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 189.89999999999998 m 218.5 189.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 204.89999999999998 m 256.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 189.89999999999998 m 256.5 189.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 204.89999999999998 m 294.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 189.89999999999998 m 294.5 189.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 204.89999999999998 m 332.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 189.89999999999998 m 332.5 189.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 204.89999999999998 m 370.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 189.89999999999998 m 370.5 189.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 189.89999999999998 m 406.5 189.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 189.89999999999998 m 444.5 189.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 189.89999999999998 m 482.5 189.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 204.89999999999998 m 520.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 189.89999999999998 m 520.5 189.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 204.89999999999998 m 558.5 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 189.89999999999998 m 558.5 189.89999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.65 387.40 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 387.40 Td (December 31, 2013) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 346.15 Td (\(millions of dollars, except other data\)) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 191.15 360.15 Td (Number ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 209.00 353.15 Td (of) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 184.85 346.15 Td (Pr) Tj ET Q q 0 0 0 rg BT 190.98 346.15 Td (operties ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 236.75 374.15 Td (Gr) Tj ET Q q 0 0 0 rg BT 243.61 374.15 Td (oss ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 227.80 367.15 Td (Leasable ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 239.35 360.15 Td (Ar) Tj ET Q q 0 0 0 rg BT 246.00 360.15 Td (ea) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 227.35 353.15 Td (\(000s sq. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 244.30 346.15 Td (ft.\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 280.30 353.15 Td (F) Tj ET Q q 0 0 0 rg BT 283.32 353.15 Td (air) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 273.20 346.15 Td ( V) Tj ET Q q 0 0 0 rg BT 278.54 346.15 Td (alue ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 297.40 353.15 Td (Occupancy) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 323.85 346.15 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 339.00 374.15 Td (Weighted) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 343.60 367.15 Td (Average) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 342.45 360.15 Td (Rate per) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 347.30 353.15 Td (square) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 354.90 346.15 Td (foot) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 379.60 360.15 Td (Number ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 397.15 353.15 Td (of) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 373.55 346.15 Td (Pr) Tj ET Q q 0 0 0 rg BT 379.49 346.15 Td (operties ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 425.05 374.15 Td (Gr) Tj ET Q q 0 0 0 rg BT 431.79 374.15 Td (oss) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 416.35 367.15 Td (Leasable ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 427.75 360.15 Td (Ar) Tj ET Q q 0 0 0 rg BT 434.15 360.15 Td (ea) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 415.70 353.15 Td (\(000s sq. ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 432.60 346.15 Td (ft.\)) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.30 354.55 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.32 354.55 Td (air) Tj ET Q BT /F2 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.20 346.15 Td ( V) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.54 346.15 Td (alue) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.99 349.49 Td ( ) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 485.90 353.15 Td (Occupancy) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 511.95 346.15 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 527.60 374.15 Td (Weighted) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 532.10 367.15 Td (Average) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 530.95 360.15 Td (Rate per) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 535.70 353.15 Td (square) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 543.25 346.15 Td (foot) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 332.65 Td (Same property stable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 201.45 332.65 Td (107) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 332.65 Td (14,566) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 259.00 332.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.55 332.65 Td (4,065) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.30 332.65 Td (96.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.40 332.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 332.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.50 332.65 Td (17.87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.55 332.65 Td (107) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.15 332.65 Td (14,700) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.00 332.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.75 332.65 Td (4,093) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.55 332.65 Td (96.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.55 332.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.00 332.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 332.65 Td (17.82) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 319.65 Td (Same property with incremental) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 310.65 Td (redevelopment and expansion) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 206.00 319.65 Td (25) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.50 319.65 Td (4,482) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.55 319.65 Td (1,314) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.30 319.65 Td (94.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.40 319.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.50 319.65 Td (18.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.10 319.65 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 420.75 319.65 Td (4,424) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.75 319.65 Td (1,217) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.55 319.65 Td (95.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.55 319.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 319.65 Td (18.03) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 295.65 Td (Total same property) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 201.45 295.65 Td (132) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 295.65 Td (19,048) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.55 295.65 Td (5,379) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.30 295.65 Td (96.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.40 295.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.50 295.65 Td (17.92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.55 295.65 Td (132) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.15 295.65 Td (19,124) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.75 295.65 Td (5,310) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.55 295.65 Td (96.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.55 295.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 295.65 Td (17.87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 282.65 Td (Major redevelopment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 206.00 282.65 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.50 282.65 Td (3,209) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.55 282.65 Td (1,060) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.30 282.65 Td (91.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.40 282.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.50 282.65 Td (17.98) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.10 282.65 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 420.75 282.65 Td (3,238) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.75 282.65 Td (1,057) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.55 282.65 Td (90.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.55 282.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 282.65 Td (18.01) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 269.65 Td (Ground-up development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.50 269.65 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 239.45 269.65 Td (674) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.45 269.65 Td (318) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.30 269.65 Td (98.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.40 269.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.50 269.65 Td (22.88) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.65 269.65 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.55 269.65 Td (674) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.55 269.65 Td (320) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.55 269.65 Td (98.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.55 269.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 269.65 Td (22.80) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 256.65 Td (Acquisitions 2014 ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 130.03 260.94 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.50 256.65 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 239.45 256.65 Td (203) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 282.00 256.65 Td (53) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.30 256.65 Td (93.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.40 256.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.50 256.65 Td (26.13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.10 256.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.10 256.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.10 256.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.40 256.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.55 256.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 256.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 243.65 Td (Acquisitions 2013 ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 130.03 247.94 Td (\(1\) ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.50 243.65 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 239.45 243.65 Td (278) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.45 243.65 Td (227) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.30 243.65 Td (93.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.40 243.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.50 243.65 Td (27.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.65 243.65 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.55 243.65 Td (287) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.55 243.65 Td (228) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.55 243.65 Td (94.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.55 243.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 243.65 Td (27.92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 230.65 Td (Investment properties classified) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 221.65 Td (as held for sale) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 206.00 230.65 Td (11) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.50 230.65 Td (1,113) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.45 230.65 Td (222) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.30 230.65 Td (92.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.40 230.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.50 230.65 Td (13.80) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.10 230.65 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 420.75 230.65 Td (1,112) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.55 230.65 Td (257) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.55 230.65 Td (92.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.55 230.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 230.65 Td (13.92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 208.65 Td (Dispositions 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.00 208.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 245.00 208.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 208.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.25 208.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 359.00 208.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.65 208.65 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.10 208.65 Td (27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.65 208.65 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.00 208.65 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.55 208.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.25 208.65 Td (8.50) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 194.65 Td (Total) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 201.45 194.65 Td (164) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.00 194.65 Td (24,525) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 259.00 194.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.55 194.65 Td (7,259) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.30 194.65 Td (95.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.40 194.65 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 194.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.50 194.65 Td (18.06) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.55 194.65 Td (164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.15 194.65 Td (24,462) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.00 194.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.75 194.65 Td (7,175) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.55 194.65 Td (95.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.55 194.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.00 194.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 194.65 Td (17.96) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 179.34 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.06 176.00 Td ( ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 176.00 Td (Acquisitions squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.75 176.00 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.81 176.00 Td (oot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.45 176.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.04 176.00 Td (e and f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.39 176.00 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.44 176.00 Td (alue includes ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.15 176.00 Td (six) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.52 176.00 Td ( adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.22 176.00 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.15 176.00 Td (operties and land par) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.76 176.00 Td (cels \() Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.25 176.00 Td (2013) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.44 176.00 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.09 176.00 Td (16) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.19 176.00 Td ( adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.88 176.00 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.82 176.00 Td (operties and land par) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.42 176.00 Td (cels\) t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.19 176.00 Td (o the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.15 176.00 Td (y) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 506.53 176.00 Td () Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.85 176.00 Td (s e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.54 176.00 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 522.84 176.00 Td (ting ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 167.60 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.01 167.60 Td (operties r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.40 167.60 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.82 167.60 Td (flect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.28 167.60 Td (ed in other c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.01 167.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.30 167.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.57 167.60 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.30 167.60 Td (ories in the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.05 167.60 Td (able.) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 149.60 Td (The balance of the Compan) Tj ET Q q 0 0 0 rg BT 165.34 149.60 Td (y) Tj ET Q q 0 0 0 rg BT 170.17 149.60 Td () Tj ET Q q 0 0 0 rg BT 172.06 149.60 Td (s r) Tj ET Q q 0 0 0 rg BT 181.58 149.60 Td (eal es) Tj ET Q q 0 0 0 rg BT 204.68 149.60 Td (t) Tj ET Q q 0 0 0 rg BT 207.91 149.60 Td (a) Tj ET Q q 0 0 0 rg BT 212.60 149.60 Td (t) Tj ET Q q 0 0 0 rg BT 215.85 149.60 Td (e asse) Tj ET Q q 0 0 0 rg BT 240.62 149.60 Td (ts c) Tj ET Q q 0 0 0 rg BT 254.28 149.60 Td (onsis) Tj ET Q q 0 0 0 rg BT 274.82 149.60 Td (t of shopping cen) Tj ET Q q 0 0 0 rg BT 344.84 149.60 Td (tr) Tj ET Q q 0 0 0 rg BT 351.54 149.60 Td (es with signific) Tj ET Q q 0 0 0 rg BT 410.95 149.60 Td (an) Tj ET Q q 0 0 0 rg BT 420.90 149.60 Td (t v) Tj ET Q q 0 0 0 rg BT 430.88 149.60 Td (alue enhancemen) Tj ET Q q 0 0 0 rg BT 503.32 149.60 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 137.60 Td (opportunities tha) Tj ET Q q 0 0 0 rg BT 124.79 137.60 Td (t ar) Tj ET Q q 0 0 0 rg BT 138.54 137.60 Td (e in v) Tj ET Q q 0 0 0 rg BT 159.96 137.60 Td (arious s) Tj ET Q q 0 0 0 rg BT 191.03 137.60 Td (t) Tj ET Q q 0 0 0 rg BT 194.25 137.60 Td (ag) Tj ET Q q 0 0 0 rg BT 203.67 137.60 Td (es of r) Tj ET Q q 0 0 0 rg BT 228.76 137.60 Td (ede) Tj ET Q q 0 0 0 rg BT 243.91 137.60 Td (v) Tj ET Q q 0 0 0 rg BT 248.33 137.60 Td (elopmen) Tj ET Q q 0 0 0 rg BT 284.25 137.60 Td (t, shopping cen) Tj ET Q q 0 0 0 rg BT 346.19 137.60 Td (tr) Tj ET Q q 0 0 0 rg BT 352.89 137.60 Td (es and pr) Tj ET Q q 0 0 0 rg BT 390.18 137.60 Td (operties adjacen) Tj ET Q q 0 0 0 rg BT 457.55 137.60 Td (t t) Tj ET Q q 0 0 0 rg BT 466.41 137.60 Td (o e) Tj ET Q q 0 0 0 rg BT 478.77 137.60 Td (xis) Tj ET Q q 0 0 0 rg BT 489.20 137.60 Td (ting pr) Tj ET Q q 0 0 0 rg BT 515.64 137.60 Td (operties ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 125.60 Td (acquir) Tj ET Q q 0 0 0 rg BT 79.18 125.60 Td (ed in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.48 125.60 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 121.75 125.60 Td ( or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.03 125.60 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 155.30 125.60 Td (, and pr) Tj ET Q q 0 0 0 rg BT 186.20 125.60 Td (operties held f) Tj ET Q q 0 0 0 rg BT 244.86 125.60 Td (or sale. The Compan) Tj ET Q q 0 0 0 rg BT 327.71 125.60 Td (y pur) Tj ET Q q 0 0 0 rg BT 348.32 125.60 Td (sues selectiv) Tj ET Q q 0 0 0 rg BT 399.08 125.60 Td (e de) Tj ET Q q 0 0 0 rg BT 416.50 125.60 Td (v) Tj ET Q q 0 0 0 rg BT 420.91 125.60 Td (elopmen) Tj ET Q q 0 0 0 rg BT 456.84 125.60 Td (t and r) Tj ET Q q 0 0 0 rg BT 483.36 125.60 Td (ede) Tj ET Q q 0 0 0 rg BT 498.52 125.60 Td (v) Tj ET Q q 0 0 0 rg BT 502.94 125.60 Td (elopmen) Tj ET Q q 0 0 0 rg BT 538.86 125.60 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 113.60 Td (activities including land use in) Tj ET Q q 0 0 0 rg BT 175.07 113.60 Td (t) Tj ET Q q 0 0 0 rg BT 178.32 113.60 Td (ensific) Tj ET Q q 0 0 0 rg BT 204.24 113.60 Td (a) Tj ET Q q 0 0 0 rg BT 208.94 113.60 Td (tion pr) Tj ET Q q 0 0 0 rg BT 235.95 113.60 Td (ojects, primarily on its o) Tj ET Q q 0 0 0 rg BT 333.36 113.60 Td (wn, but also with partner) Tj ET Q q 0 0 0 rg BT 435.89 113.60 Td (s, in or) Tj ET Q q 0 0 0 rg BT 462.99 113.60 Td (der t) Tj ET Q q 0 0 0 rg BT 482.22 113.60 Td (o achie) Tj ET Q q 0 0 0 rg BT 511.25 113.60 Td (v) Tj ET Q q 0 0 0 rg BT 515.67 113.60 Td (e a be) Tj ET Q q 0 0 0 rg BT 540.13 113.60 Td (t) Tj ET Q q 0 0 0 rg BT 543.34 113.60 Td (t) Tj ET Q q 0 0 0 rg BT 546.58 113.60 Td (er ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 101.60 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 101.60 Td (e) Tj ET Q q 0 0 0 rg BT 62.28 101.60 Td (turn on its portf) Tj ET Q q 0 0 0 rg BT 126.69 101.60 Td (olio o) Tj ET Q q 0 0 0 rg BT 149.32 101.60 Td (v) Tj ET Q q 0 0 0 rg BT 153.74 101.60 Td (er the long t) Tj ET Q q 0 0 0 rg BT 203.33 101.60 Td (erm. The r) Tj ET Q q 0 0 0 rg BT 245.28 101.60 Td (ede) Tj ET Q q 0 0 0 rg BT 260.44 101.60 Td (v) Tj ET Q q 0 0 0 rg BT 264.86 101.60 Td (elopmen) Tj ET Q q 0 0 0 rg BT 300.78 101.60 Td (t activities ar) Tj ET Q q 0 0 0 rg BT 352.80 101.60 Td (e f) Tj ET Q q 0 0 0 rg BT 362.88 101.60 Td (ocussed primarily on older) Tj ET Q q 0 0 0 rg BT 469.84 101.60 Td (, w) Tj ET Q q 0 0 0 rg BT 481.66 101.60 Td (ell-loc) Tj ET Q q 0 0 0 rg BT 506.00 101.60 Td (a) Tj ET Q q 0 0 0 rg BT 510.69 101.60 Td (t) Tj ET Q q 0 0 0 rg BT 513.94 101.60 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 89.60 Td (shopping cen) Tj ET Q q 0 0 0 rg BT 107.83 89.60 Td (tr) Tj ET Q q 0 0 0 rg BT 114.53 89.60 Td (es tha) Tj ET Q q 0 0 0 rg BT 138.98 89.60 Td (t the Compan) Tj ET Q q 0 0 0 rg BT 194.14 89.60 Td (y o) Tj ET Q q 0 0 0 rg BT 206.16 89.60 Td (wns and activ) Tj ET Q q 0 0 0 rg BT 261.37 89.60 Td (ely seek) Tj ET Q q 0 0 0 rg BT 293.75 89.60 Td (s t) Tj ET Q q 0 0 0 rg BT 303.17 89.60 Td (o acquir) Tj ET Q q 0 0 0 rg BT 335.88 89.60 Td (e. These pr) Tj ET Q q 0 0 0 rg BT 380.47 89.60 Td (operties ar) Tj ET Q q 0 0 0 rg BT 424.40 89.60 Td (e r) Tj ET Q q 0 0 0 rg BT 434.99 89.60 Td (ede) Tj ET Q q 0 0 0 rg BT 450.14 89.60 Td (v) Tj ET Q q 0 0 0 rg BT 454.56 89.60 Td (eloped and e) Tj ET Q q 0 0 0 rg BT 507.23 89.60 Td (xpanded, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 77.60 Td (o) Tj ET Q q 0 0 0 rg BT 59.23 77.60 Td (v) Tj ET Q q 0 0 0 rg BT 63.65 77.60 Td (er time, in c) Tj ET Q q 0 0 0 rg BT 111.69 77.60 Td (onjunction with anchor t) Tj ET Q q 0 0 0 rg BT 211.88 77.60 Td (enan) Tj ET Q q 0 0 0 rg BT 232.06 77.60 Td (t r) Tj ET Q q 0 0 0 rg BT 241.02 77.60 Td (epositioning and changing r) Tj ET Q q 0 0 0 rg BT 353.08 77.60 Td (e) Tj ET Q q 0 0 0 rg BT 358.00 77.60 Td (t) Tj ET Q q 0 0 0 rg BT 361.23 77.60 Td (ail en) Tj ET Q q 0 0 0 rg BT 382.94 77.60 Td (vir) Tj ET Q q 0 0 0 rg BT 393.07 77.60 Td (onmen) Tj ET Q q 0 0 0 rg BT 421.72 77.60 Td (ts. R) Tj ET Q q 0 0 0 rg BT 439.02 77.60 Td (ede) Tj ET Q q 0 0 0 rg BT 454.18 77.60 Td (v) Tj ET Q q 0 0 0 rg BT 458.60 77.60 Td (elopmen) Tj ET Q q 0 0 0 rg BT 494.52 77.60 Td (t of e) Tj ET Q q 0 0 0 rg BT 515.54 77.60 Td (xis) Tj ET Q q 0 0 0 rg BT 525.97 77.60 Td (ting ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (14) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 694.50 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 694.50 Td (operties g) Tj ET Q q 0 0 0 rg BT 102.98 694.50 Td (ener) Tj ET Q q 0 0 0 rg BT 121.47 694.50 Td (ally c) Tj ET Q q 0 0 0 rg BT 141.78 694.50 Td (arries a lo) Tj ET Q q 0 0 0 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0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 638 m 144.5 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 600 m 144.5 600 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 638 m 190.5 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 144.5 600 m 190.5 600 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 638 m 248.5 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 190.5 600 m 248.5 600 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 638 m 313.5 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.5 600 m 313.5 600 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 638 m 368.5 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 600 m 368.5 600 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 638 m 421.5 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 368.5 600 m 421.5 600 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 638 m 463.5 638 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 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0 J 0 j 3 M 313.5 530 m 368.5 530 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 516 m 368.5 516 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 368.5 530 m 421.5 530 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 516 m 421.5 516 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 530 m 463.5 530 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 516 m 463.5 516 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 463.5 530 m 505.5 530 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 516 m 505.5 516 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505.5 530 m 558.5 530 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 516 m 558.5 516 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 169.10 620.50 Td (Same) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 158.60 612.50 Td (property) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.90 604.50 Td ( stable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.95 628.50 Td (Same property) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 230.55 620.50 Td (with) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 206.15 612.50 Td (incremental) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 212.05 604.50 Td (expansion) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.40 612.50 Td (Major) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 260.20 604.50 Td (redevelopment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.60 612.50 Td (Ground-up) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.90 604.50 Td (development) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 372.90 612.50 Td (Acquisitions ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.95 604.50 Td (CY and PY) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.90 612.50 Td (Held for) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.20 604.50 Td (sale) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.30 604.50 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.15 612.50 Td (Development) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.90 604.50 Td (land) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 590.75 Td (Stabilized) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 178.10 590.75 Td (88) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.60 590.75 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.10 590.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.10 590.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.65 590.75 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.10 590.75 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.55 590.75 Td (105) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 590.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 576.75 Td (At completion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 179.10 576.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.60 576.75 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.65 576.75 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.65 576.75 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.10 576.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.10 576.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 576.75 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 576.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 562.75 Td (Active development) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 179.10 562.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.60 562.75 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.65 562.75 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.65 562.75 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.10 562.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.10 562.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.65 562.75 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 562.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 548.75 Td (In pre-development) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 179.10 548.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.60 548.75 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.65 548.75 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.10 548.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.10 548.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.10 548.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 548.75 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 548.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 534.75 Td (Early planning stages) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 178.10 534.75 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.60 534.75 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.10 534.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.10 534.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.10 534.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.10 534.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 534.75 Td (27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.65 534.75 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 520.75 Td (Total property count) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 173.55 520.75 Td (107) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 236.10 520.75 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.10 520.75 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.65 520.75 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.65 520.75 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.10 520.75 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.55 520.75 Td (164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.65 520.75 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 495.50 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 495.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.14 495.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.94 495.50 Td (er t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.92 495.50 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.29 495.50 Td (Business and Oper) Tj ET Q q 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0.20392156862745098 0.20784313725490197 rg BT 145.62 483.50 Td (or further discussion r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.96 483.50 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.92 483.50 Td (ting t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.04 483.50 Td (o the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.12 483.50 Td (y) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 329.95 483.50 Td () Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.84 483.50 Td (s v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.38 483.50 Td (alue enhancemen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.81 483.50 Td (t activities. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 465.50 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 465.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.90 465.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.78 465.50 Td (s shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.78 465.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.49 465.50 Td (e portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.93 465.50 Td (olio summariz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.76 465.50 Td (ed b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.46 465.50 Td (y r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.60 465.50 Td (egion is as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.64 465.50 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.74 465.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.80 465.50 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 455 m 126.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 440 m 126.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 126.5 455 m 163.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 440 m 163.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 455 m 202.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 440 m 202.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 455 m 236.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 440 m 236.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 455 m 270.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 440 m 270.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 455 m 310.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 440 m 310.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 455 m 345.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 440 m 345.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 455 m 381.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 440 m 381.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 455 m 417.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 440 m 417.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 455 m 452.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 440 m 452.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 455 m 487.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.5 440 m 487.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 455 m 523.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 440 m 523.5 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 455 m 557.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.5 440 m 557.5 440 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 390 m 126.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 390 m 163.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 390 m 202.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 390 m 236.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 390 m 270.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 440 m 310.5 440 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 390 m 310.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 390 m 345.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 390 m 381.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 390 m 417.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 390 m 452.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.5 390 m 487.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 440 m 523.5 440 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 390 m 523.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.5 390 m 557.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 390 m 126.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 390 m 163.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 390 m 202.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 390 m 236.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 390 m 270.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 390 m 310.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 390 m 345.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 390 m 381.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 390 m 417.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 390 m 452.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.5 390 m 487.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 390 m 523.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.5 390 m 557.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 321 m 126.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 321 m 163.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 321 m 202.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 321 m 236.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 321 m 270.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 321 m 310.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 321 m 345.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 321 m 381.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 321 m 417.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 321 m 452.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.5 321 m 487.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 321 m 523.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.5 321 m 557.5 321 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 232 m 126.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 232 m 163.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 232 m 202.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 232 m 236.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 232 m 270.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 232 m 310.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 232 m 345.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 232 m 381.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 232 m 417.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 232 m 452.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.5 232 m 487.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 232 m 523.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.5 232 m 557.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 158 m 126.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 158 m 163.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 158 m 202.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 158 m 236.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 158 m 270.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 158 m 310.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 158 m 345.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 158 m 381.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 158 m 417.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 158 m 452.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.5 158 m 487.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 158 m 523.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.5 158 m 557.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 145 m 126.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 145 m 163.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 145 m 202.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 158 m 236.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 145 m 236.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 158 m 270.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 145 m 270.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 145 m 310.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 145 m 345.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 145 m 381.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 145 m 417.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 158 m 452.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 145 m 452.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.5 158 m 487.5 158 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.5 145 m 487.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 145 m 523.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.5 145 m 557.5 145 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 145 m 126.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 130 m 126.5 130 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 145 m 163.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 126.5 130 m 163.5 130 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 145 m 202.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 130 m 202.5 130 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 145 m 236.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 130 m 236.5 130 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 145 m 270.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 130 m 270.5 130 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 145 m 310.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 130 m 310.5 130 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 145 m 345.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 130 m 345.5 130 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 145 m 381.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 130 m 381.5 130 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 145 m 417.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 130 m 417.5 130 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 145 m 452.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 130 m 452.5 130 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.5 145 m 487.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 130 m 487.5 130 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 145 m 523.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 130 m 523.5 130 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.5 145 m 557.5 145 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 130 m 557.5 130 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 56.00 444.50 Td (As at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.65 444.50 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.40 444.50 Td (December 31, 2013) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 56.00 401.25 Td (\(millions of dollars,) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 56.00 394.25 Td (except other data\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 136.15 408.25 Td (Number ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 154.00 401.25 Td (of) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 129.85 394.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 135.98 394.25 Td (operties ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 182.75 422.25 Td (Gr) Tj ET Q q 0 0 0 rg BT 189.61 422.25 Td (oss) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 173.80 415.25 Td (Leasable ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 185.35 408.25 Td (Ar) Tj ET Q q 0 0 0 rg BT 192.00 408.25 Td (ea ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 173.35 401.25 Td (\(000s sq. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 190.30 394.25 Td (ft.\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 222.30 401.25 Td (Fair) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 216.75 394.25 Td (Value) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 244.90 401.25 Td (Percent) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 239.85 394.25 Td (Occupied) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 279.00 429.25 Td (Weighted) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 283.60 422.25 Td (Average) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 282.45 415.25 Td (Rate per) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 279.85 408.25 Td (Occupied) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 286.75 401.25 Td (Square) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.90 394.25 Td (Foot) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 329.30 415.25 Td (% of ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 321.30 408.25 Td (Annual) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 313.50 401.25 Td (Minimum) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 328.50 394.25 Td (R) Tj ET Q q 0 0 0 rg BT 332.34 394.25 Td (en) Tj ET Q q 0 0 0 rg BT 339.55 394.25 Td (t) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 354.60 408.25 Td (Number ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 372.15 401.25 Td (of) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 348.55 394.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 354.49 394.25 Td (operties ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 398.05 422.25 Td (Gross) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 389.35 415.25 Td (Leasable) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 400.75 408.25 Td (Area) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 388.70 401.25 Td (\(000s sq.) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 405.60 394.25 Td (ft.\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 438.55 401.25 Td (F) Tj ET Q q 0 0 0 rg BT 441.58 401.25 Td (air) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 433.25 394.25 Td (V) Tj ET Q q 0 0 0 rg BT 436.83 394.25 Td (alue) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 462.30 401.25 Td (Percent) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 457.30 394.25 Td (Occupied) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 492.60 429.25 Td (Weighted) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 497.10 422.25 Td (Average) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 495.95 415.25 Td (Rate per) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 493.30 408.25 Td (Occupied) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 500.20 401.25 Td (Square) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 507.15 394.25 Td (Foot) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 541.55 415.25 Td (% of ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 533.95 408.25 Td (Annual) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 526.25 401.25 Td (Minimum) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 540.85 394.25 Td (R) Tj ET Q q 0 0 0 rg BT 544.53 394.25 Td (en) Tj ET Q q 0 0 0 rg BT 551.62 394.25 Td (t) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 380.75 Td (Central Region) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 367.75 Td (Greater Toronto) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.00 358.75 Td (area) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 151.00 367.75 Td (45) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.55 367.75 Td (6,539) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 205.00 367.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.50 367.75 Td (2,467) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 367.75 Td (95.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 367.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 367.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 367.75 Td (20.79) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.25 367.75 Td (32) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 367.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.10 367.75 Td (45) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.75 367.75 Td (6,565) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 420.00 367.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.75 367.75 Td (2,452) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 367.75 Td (96.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 367.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 367.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 367.75 Td (20.58) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 367.75 Td (32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 367.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 346.75 Td (Kitchener/) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.00 335.95 Td (Waterloo) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 151.00 346.75 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.55 346.75 Td (1,743) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 219.45 346.75 Td (412) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 346.75 Td (97.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 346.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 346.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 346.75 Td (15.12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 346.75 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 346.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.10 346.75 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.75 346.75 Td (1,746) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.55 346.75 Td (410) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 346.75 Td (98.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 346.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 346.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 346.75 Td (14.78) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.95 346.75 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 346.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 324.75 Td (London area) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 155.55 324.75 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 185.45 324.75 Td (693) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 219.45 324.75 Td (159) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 324.75 Td (95.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 324.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 324.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 324.75 Td (15.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 324.75 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 324.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.65 324.75 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.55 324.75 Td (803) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.55 324.75 Td (160) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 324.75 Td (93.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 324.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 324.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 324.75 Td (14.22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.95 324.75 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 324.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.00 311.75 Td (62) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.55 311.75 Td (8,975) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.50 311.75 Td (3,038) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 311.75 Td (95.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 311.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 311.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 311.75 Td (19.23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.25 311.75 Td (40) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 311.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.10 311.75 Td (62) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.75 311.75 Td (9,114) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.75 311.75 Td (3,022) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 311.75 Td (96.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 311.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 311.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 311.75 Td (19.08) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 311.75 Td (41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 311.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 298.75 Td (Eastern Region) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 285.75 Td (Qubec City) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 155.55 285.75 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.55 285.75 Td (1,004) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 219.45 285.75 Td (162) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 285.75 Td (94.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 285.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 285.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 285.75 Td (11.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 285.75 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 285.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.65 285.75 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.75 285.75 Td (1,004) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.55 285.75 Td (155) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 285.75 Td (93.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 285.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 285.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 285.75 Td (11.32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.95 285.75 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 285.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 272.75 Td (Greater Montreal) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.00 263.75 Td (area) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 151.00 272.75 Td (35) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.55 272.75 Td (4,879) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.50 272.75 Td (1,096) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 272.75 Td (94.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 272.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 272.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 272.75 Td (14.67) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.25 272.75 Td (16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 272.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.10 272.75 Td (36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.75 272.75 Td (4,841) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.75 272.75 Td (1,080) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 272.75 Td (95.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 272.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 272.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 272.75 Td (14.84) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 272.75 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 272.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 250.75 Td (Ottawa/Gatineau) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 151.00 250.75 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.55 250.75 Td (1,948) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 219.45 250.75 Td (427) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 250.75 Td (96.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 250.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 250.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 250.75 Td (16.78) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 250.75 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 250.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.10 250.75 Td (13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.75 250.75 Td (1,929) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.55 250.75 Td (423) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 250.75 Td (96.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 250.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 250.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 250.75 Td (16.67) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.95 250.75 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 250.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 235.75 Td (Other) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 155.55 235.75 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 185.45 235.75 Td (120) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.00 235.75 Td (22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 235.75 Td (98.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 235.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 235.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 235.75 Td (13.76) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 330.25 235.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 235.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.65 235.75 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.55 235.75 Td (122) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.10 235.75 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 235.75 Td (98.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 235.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 235.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 235.75 Td (13.67) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.40 235.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 235.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.00 222.75 Td (54) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.55 222.75 Td (7,951) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.50 222.75 Td (1,707) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 222.75 Td (95.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 222.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 222.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 222.75 Td (14.72) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.25 222.75 Td (26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 222.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.10 222.75 Td (55) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.75 222.75 Td (7,896) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.75 222.75 Td (1,680) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 222.75 Td (95.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 222.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 222.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 222.75 Td (14.84) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 222.75 Td (26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 222.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 209.75 Td (Western Region) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 196.75 Td (Calgary) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 151.00 196.75 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.55 196.75 Td (2,835) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 219.45 196.75 Td (981) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 196.75 Td (97.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 196.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 196.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 196.75 Td (20.94) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.25 196.75 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 196.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.10 196.75 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.75 196.75 Td (2,705) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.55 196.75 Td (947) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 196.75 Td (96.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 196.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 196.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 196.75 Td (20.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 196.75 Td (13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 196.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 183.75 Td (Edmonton) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.00 183.75 Td (11) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.55 183.75 Td (2,412) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 219.45 183.75 Td (656) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 183.75 Td (94.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 183.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 183.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 183.75 Td (17.96) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 183.75 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 183.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.10 183.75 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.75 183.75 Td (2,397) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.55 183.75 Td (652) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 183.75 Td (94.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 183.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 183.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 183.75 Td (18.04) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.95 183.75 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 183.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 170.75 Td (Greater) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.00 161.75 Td (Vancouver area) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 151.00 170.75 Td (20) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.55 170.75 Td (2,352) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 219.45 170.75 Td (877) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 170.75 Td (92.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 170.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 170.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 170.75 Td (21.46) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.25 170.75 Td (11) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 170.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.10 170.75 Td (20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.75 170.75 Td (2,350) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.55 170.75 Td (874) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 170.75 Td (92.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 170.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 170.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 170.75 Td (21.42) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 170.75 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 170.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 151.00 148.75 Td (48) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.55 148.75 Td (7,599) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.50 148.75 Td (2,514) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 148.75 Td (94.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 148.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 148.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 148.75 Td (20.16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.25 148.75 Td (34) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 148.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.10 148.75 Td (47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.75 148.75 Td (7,452) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.75 148.75 Td (2,473) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 148.75 Td (94.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 148.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 148.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 148.75 Td (19.89) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.40 148.75 Td (33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 148.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 134.75 Td (Total) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 146.40 134.75 Td (164) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 174.00 134.75 Td (24,525) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 205.00 134.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.50 134.75 Td (7,259) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.25 134.75 Td (95.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 134.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.00 134.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 134.75 Td (18.06) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.70 134.75 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.40 134.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.55 134.75 Td (164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.15 134.75 Td (24,462) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 420.00 134.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.75 134.75 Td (7,175) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 134.75 Td (95.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 134.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 134.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.70 134.75 Td (17.96) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.85 134.75 Td (100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 134.75 Td (%) Tj ET Q BT /F1 10.00 Tf ET 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Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 708.00 Td (Fir) Tj ET Q q 0 0 0 rg BT 64.21 708.00 Td (s) Tj ET Q q 0 0 0 rg BT 68.00 708.00 Td (t Capit) Tj ET Q q 0 0 0 rg BT 94.51 708.00 Td (al R) Tj ET Q q 0 0 0 rg BT 109.11 708.00 Td (ealty) Tj ET Q q 0 0 0 rg BT 129.35 708.00 Td () Tj ET Q q 0 0 0 rg BT 131.24 708.00 Td (s portf) Tj ET Q q 0 0 0 rg BT 157.61 708.00 Td (olio has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 191.23 708.00 Td (25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 201.36 708.00 Td ( r) Tj ET Q q 0 0 0 rg BT 206.98 708.00 Td (e) Tj ET Q q 0 0 0 rg BT 211.90 708.00 Td (t) Tj ET Q q 0 0 0 rg BT 215.13 708.00 Td (ail asse) Tj ET Q q 0 0 0 rg BT 244.30 708.00 Td (ts \(a) Tj ET Q q 0 0 0 rg BT 261.55 708.00 Td (t 100%\) with a v) Tj ET Q q 0 0 0 rg BT 326.54 708.00 Td (alue gr) Tj ET Q q 0 0 0 rg BT 354.18 708.00 Td (ea) Tj ET Q q 0 0 0 rg BT 363.85 708.00 Td (t) Tj ET Q q 0 0 0 rg BT 367.09 708.00 Td (er than ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.72 708.00 Td ($85 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.88 708.00 Td ( or siz) Tj ET Q q 0 0 0 rg BT 467.10 708.00 Td (e gr) Tj ET Q q 0 0 0 rg BT 482.39 708.00 Td (ea) Tj ET Q q 0 0 0 rg BT 492.07 708.00 Td (t) Tj ET Q q 0 0 0 rg BT 495.31 708.00 Td (er than ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 696.00 Td (300,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.91 696.00 Td ( squar) Tj ET Q q 0 0 0 rg BT 111.73 696.00 Td (e f) Tj ET Q q 0 0 0 rg BT 121.77 696.00 Td (ee) Tj ET Q q 0 0 0 rg BT 131.67 696.00 Td (t. 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q 0 0 0 rg BT 463.81 696.00 Td (e IFR) Tj ET Q q 0 0 0 rg BT 483.46 696.00 Td (S v) Tj ET Q q 0 0 0 rg BT 494.68 696.00 Td (alue. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 684.00 Td (Eigh) Tj ET Q q 0 0 0 rg BT 71.05 684.00 Td (t) Tj ET Q q 0 0 0 rg BT 74.29 684.00 Td (een) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 89.49 684.00 Td ( of these asse) Tj ET Q q 0 0 0 rg BT 144.60 684.00 Td (ts ar) Tj ET Q q 0 0 0 rg BT 162.27 684.00 Td (e c) Tj ET Q q 0 0 0 rg BT 173.65 684.00 Td (a) Tj ET Q q 0 0 0 rg BT 178.35 684.00 Td (t) Tj ET Q q 0 0 0 rg BT 181.59 684.00 Td (eg) Tj ET Q q 0 0 0 rg BT 191.20 684.00 Td (oriz) Tj ET Q q 0 0 0 rg BT 205.98 684.00 Td (ed as s) Tj ET Q q 0 0 0 rg BT 233.23 684.00 Td (t) Tj ET Q q 0 0 0 rg BT 236.46 684.00 Td (able or s) Tj ET Q q 0 0 0 rg BT 270.86 684.00 Td (t) Tj ET Q q 0 0 0 rg BT 274.08 684.00 Td (able with incr) Tj ET Q q 0 0 0 rg BT 329.10 684.00 Td (emen) Tj ET Q q 0 0 0 rg BT 352.20 684.00 Td (t) Tj ET Q q 0 0 0 rg BT 355.43 684.00 Td (al r) Tj ET Q q 0 0 0 rg BT 368.13 684.00 Td (ede) Tj ET Q q 0 0 0 rg BT 383.28 684.00 Td (v) Tj ET Q q 0 0 0 rg BT 387.70 684.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 423.62 684.00 Td (t and e) Tj ET Q q 0 0 0 rg BT 451.62 684.00 Td (xpansion and the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 672.00 Td (balance of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.43 672.00 Td (se) Tj ET Q q 0 0 0 rg BT 107.27 672.00 Td (v) Tj ET Q q 0 0 0 rg BT 111.69 672.00 Td (en) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 121.92 672.00 Td ( asse) Tj ET Q q 0 0 0 rg BT 141.71 672.00 Td (ts ar) Tj ET Q q 0 0 0 rg BT 159.38 672.00 Td (e in the major r) Tj ET Q q 0 0 0 rg BT 221.81 672.00 Td (ede) Tj ET Q q 0 0 0 rg BT 236.97 672.00 Td (v) Tj ET Q q 0 0 0 rg BT 241.39 672.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 277.31 672.00 Td (t or gr) Tj ET Q q 0 0 0 rg BT 301.97 672.00 Td (ound-up c) Tj ET Q q 0 0 0 rg BT 342.98 672.00 Td (a) Tj ET Q q 0 0 0 rg BT 347.68 672.00 Td (t) Tj ET Q q 0 0 0 rg BT 350.92 672.00 Td (eg) Tj ET Q q 0 0 0 rg BT 360.54 672.00 Td (or) Tj ET Q q 0 0 0 rg BT 369.35 672.00 Td (y) Tj ET Q q 0 0 0 rg BT 373.21 672.00 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 654.00 Td (As a) Tj ET Q q 0 0 0 rg BT 70.66 654.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.27 654.00 Td (Mar) Tj ET Q q 0 0 0 rg BT 92.95 654.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.85 654.00 Td (, the w) Tj ET Q q 0 0 0 rg BT 167.51 654.00 Td (eigh) Tj ET Q q 0 0 0 rg BT 184.65 654.00 Td (t) Tj ET Q q 0 0 0 rg BT 187.89 654.00 Td (ed a) Tj ET Q q 0 0 0 rg BT 205.01 654.00 Td (v) Tj ET Q q 0 0 0 rg BT 209.42 654.00 Td (er) Tj ET Q q 0 0 0 rg BT 217.68 654.00 Td (ag) Tj ET Q q 0 0 0 rg BT 227.10 654.00 Td (e occupancy on these s) Tj ET Q q 0 0 0 rg BT 320.94 654.00 Td (t) Tj ET Q q 0 0 0 rg BT 324.17 654.00 Td (able asse) Tj ET Q q 0 0 0 rg BT 361.28 654.00 Td (ts is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.27 654.00 Td (97.2%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.15 654.00 Td ( and the w) Tj ET Q q 0 0 0 rg BT 446.87 654.00 Td (eigh) Tj ET Q q 0 0 0 rg BT 464.00 654.00 Td (t) Tj ET Q q 0 0 0 rg BT 467.25 654.00 Td (ed a) Tj ET Q q 0 0 0 rg BT 484.36 654.00 Td (v) Tj ET Q q 0 0 0 rg BT 488.78 654.00 Td (er) Tj ET Q q 0 0 0 rg BT 497.04 654.00 Td (ag) Tj ET Q q 0 0 0 rg BT 506.45 654.00 Td (e run r) Tj ET Q q 0 0 0 rg BT 533.22 654.00 Td (a) Tj ET Q q 0 0 0 rg BT 537.92 654.00 Td (t) Tj ET Q q 0 0 0 rg BT 541.16 654.00 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 642.00 Td (yield on in) Tj ET Q q 0 0 0 rg BT 95.78 642.00 Td (v) Tj ET Q q 0 0 0 rg BT 100.20 642.00 Td (es) Tj ET Q q 0 0 0 rg BT 108.97 642.00 Td (t) Tj ET Q q 0 0 0 rg BT 112.21 642.00 Td (ed c) Tj ET Q q 0 0 0 rg BT 128.85 642.00 Td (os) Tj ET Q q 0 0 0 rg BT 137.92 642.00 Td (t and f) Tj ET Q q 0 0 0 rg BT 163.95 642.00 Td (air v) Tj ET Q q 0 0 0 rg BT 181.15 642.00 Td (alue is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 209.19 642.00 Td (7.70%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 234.07 642.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 253.89 642.00 Td (5.56%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.77 642.00 Td (, r) Tj ET Q q 0 0 0 rg BT 286.88 642.00 Td (espectiv) Tj ET Q q 0 0 0 rg BT 320.28 642.00 Td (ely) Tj ET Q q 0 0 0 rg BT 331.42 642.00 Td (. Same pr) Tj ET Q q 0 0 0 rg BT 369.40 642.00 Td (operty NOI gr) Tj ET Q q 0 0 0 rg BT 424.41 642.00 Td (o) Tj ET Q q 0 0 0 rg BT 429.64 642.00 Td (w) Tj ET Q q 0 0 0 rg BT 436.81 642.00 Td (th on these asse) Tj ET Q q 0 0 0 rg BT 502.73 642.00 Td (ts w) Tj ET Q q 0 0 0 rg BT 519.28 642.00 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 630.00 Td (2.37%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 78.88 630.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.70 630.00 Td (1.37%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 123.58 630.00 Td ( f) Tj ET Q q 0 0 0 rg BT 128.68 630.00 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 155.54 630.00 Td (thr) Tj ET Q q 0 0 0 rg BT 167.50 630.00 Td (ee mon) Tj ET Q q 0 0 0 rg BT 198.13 630.00 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 257.56 630.00 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 304.47 630.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.29 630.00 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 344.56 630.00 Td (, r) Tj ET Q q 0 0 0 rg BT 352.67 630.00 Td (espectiv) Tj ET Q q 0 0 0 rg BT 386.08 630.00 Td (ely) Tj ET Q q 0 0 0 rg BT 397.22 630.00 Td (. As a) Tj ET Q q 0 0 0 rg BT 418.66 630.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 424.27 630.00 Td (Mar) Tj ET Q q 0 0 0 rg BT 440.95 630.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.86 630.00 Td (, the w) Tj ET Q q 0 0 0 rg BT 515.51 630.00 Td (eigh) Tj ET Q q 0 0 0 rg BT 532.65 630.00 Td (t) Tj ET Q q 0 0 0 rg BT 535.89 630.00 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 618.00 Td (a) Tj ET Q q 0 0 0 rg BT 58.62 618.00 Td (v) Tj ET Q q 0 0 0 rg BT 63.04 618.00 Td (er) Tj ET Q q 0 0 0 rg BT 71.30 618.00 Td (ag) Tj ET Q q 0 0 0 rg BT 80.71 618.00 Td (e occupancy on these s) Tj ET Q q 0 0 0 rg BT 174.56 618.00 Td (t) Tj ET Q q 0 0 0 rg BT 177.79 618.00 Td (able asse) Tj ET Q q 0 0 0 rg BT 214.90 618.00 Td (ts with incr) Tj ET Q q 0 0 0 rg BT 259.86 618.00 Td (emen) Tj ET Q q 0 0 0 rg BT 282.96 618.00 Td (t) Tj ET Q q 0 0 0 rg BT 286.19 618.00 Td (al r) Tj ET Q q 0 0 0 rg BT 298.89 618.00 Td (ede) Tj ET Q q 0 0 0 rg BT 314.04 618.00 Td (v) Tj ET Q q 0 0 0 rg BT 318.46 618.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 354.39 618.00 Td (t or e) Tj ET Q q 0 0 0 rg BT 375.84 618.00 Td (xpansion activities is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.20 618.00 Td (95.4%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.08 618.00 Td ( and the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 606.00 Td (w) Tj ET Q q 0 0 0 rg BT 61.06 606.00 Td (eigh) Tj ET Q q 0 0 0 rg BT 78.20 606.00 Td (t) Tj ET Q q 0 0 0 rg BT 81.44 606.00 Td (ed a) Tj ET Q q 0 0 0 rg BT 98.56 606.00 Td (v) Tj ET Q q 0 0 0 rg BT 102.97 606.00 Td (er) Tj ET Q q 0 0 0 rg BT 111.23 606.00 Td (ag) Tj ET Q q 0 0 0 rg BT 120.65 606.00 Td (e run r) Tj ET Q q 0 0 0 rg BT 147.42 606.00 Td (a) Tj ET Q q 0 0 0 rg BT 152.12 606.00 Td (t) Tj ET Q q 0 0 0 rg BT 155.36 606.00 Td (e yield on c) Tj ET Q q 0 0 0 rg BT 201.13 606.00 Td (os) Tj ET Q q 0 0 0 rg BT 210.21 606.00 Td (t and f) Tj ET Q q 0 0 0 rg BT 236.23 606.00 Td (air v) Tj ET Q q 0 0 0 rg BT 253.43 606.00 Td (alue is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 281.48 606.00 Td (6.61%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.35 606.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 326.17 606.00 Td (5.47%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.05 606.00 Td (, r) Tj ET Q q 0 0 0 rg BT 359.16 606.00 Td (espectiv) Tj ET Q q 0 0 0 rg BT 392.57 606.00 Td (ely) Tj ET Q q 0 0 0 rg BT 403.71 606.00 Td (. The same pr) Tj ET Q q 0 0 0 rg BT 458.36 606.00 Td (operty gr) Tj ET Q q 0 0 0 rg BT 495.52 606.00 Td (o) Tj ET Q q 0 0 0 rg BT 500.75 606.00 Td (w) Tj ET Q q 0 0 0 rg BT 507.92 606.00 Td (th on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 594.00 Td (these asse) Tj ET Q q 0 0 0 rg BT 96.26 594.00 Td (ts w) Tj ET Q q 0 0 0 rg BT 112.82 594.00 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 123.78 594.00 Td (10.53%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.73 594.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 173.55 594.00 Td (8.75%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.42 594.00 Td ( f) Tj ET Q q 0 0 0 rg BT 203.53 594.00 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.39 594.00 Td (thr) Tj ET Q q 0 0 0 rg BT 242.34 594.00 Td (ee mon) Tj ET Q q 0 0 0 rg BT 272.98 594.00 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 332.41 594.00 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.32 594.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.14 594.00 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.41 594.00 Td (, r) Tj ET Q q 0 0 0 rg BT 427.52 594.00 Td (espectiv) Tj ET Q q 0 0 0 rg BT 460.93 594.00 Td (ely) Tj ET Q q 0 0 0 rg BT 472.07 594.00 Td (. Once s) Tj ET Q q 0 0 0 rg BT 503.99 594.00 Td (t) Tj ET Q q 0 0 0 rg BT 507.22 594.00 Td (abiliz) Tj ET Q q 0 0 0 rg BT 527.87 594.00 Td (ed in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 582.00 Td (t) Tj ET Q q 0 0 0 rg BT 57.24 582.00 Td (erms of incr) Tj ET Q q 0 0 0 rg BT 105.58 582.00 Td (emen) Tj ET Q q 0 0 0 rg BT 128.68 582.00 Td (t) Tj ET Q q 0 0 0 rg BT 131.91 582.00 Td (al r) Tj ET Q q 0 0 0 rg BT 144.61 582.00 Td (ede) Tj ET Q q 0 0 0 rg BT 159.77 582.00 Td (v) Tj ET Q q 0 0 0 rg BT 164.19 582.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 200.11 582.00 Td (t or e) Tj ET Q q 0 0 0 rg BT 221.56 582.00 Td (xpansion activities, the occupancy and yields ar) Tj ET Q q 0 0 0 rg BT 413.31 582.00 Td (e e) Tj ET Q q 0 0 0 rg BT 425.37 582.00 Td (xpect) Tj ET Q q 0 0 0 rg BT 447.40 582.00 Td (ed t) Tj ET Q q 0 0 0 rg BT 463.14 582.00 Td (o incr) Tj ET Q q 0 0 0 rg BT 485.81 582.00 Td (ease. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 564.00 Td (As a) Tj ET Q q 0 0 0 rg BT 70.66 564.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.27 564.00 Td (Mar) Tj ET Q q 0 0 0 rg BT 92.95 564.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.85 564.00 Td (, the r) Tj ET Q q 0 0 0 rg BT 163.80 564.00 Td (emaining lar) Tj ET Q q 0 0 0 rg BT 214.06 564.00 Td (g) Tj ET Q q 0 0 0 rg BT 218.68 564.00 Td (e asse) Tj ET Q q 0 0 0 rg BT 243.45 564.00 Td (ts which c) Tj ET Q q 0 0 0 rg BT 283.56 564.00 Td (omprise the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 334.84 564.00 Td (se) Tj ET Q q 0 0 0 rg BT 343.68 564.00 Td (v) Tj ET Q q 0 0 0 rg BT 348.10 564.00 Td (en) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.33 564.00 Td ( de) Tj ET Q q 0 0 0 rg BT 370.77 564.00 Td (v) Tj ET Q q 0 0 0 rg BT 375.19 564.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 411.11 564.00 Td (t asse) Tj ET Q q 0 0 0 rg BT 434.26 564.00 Td (ts ha) Tj ET Q q 0 0 0 rg BT 453.66 564.00 Td (v) Tj ET Q q 0 0 0 rg BT 458.08 564.00 Td (e a w) Tj ET Q q 0 0 0 rg BT 479.42 564.00 Td (eigh) Tj ET Q q 0 0 0 rg BT 496.56 564.00 Td (t) Tj ET Q q 0 0 0 rg BT 499.81 564.00 Td (ed a) Tj ET Q q 0 0 0 rg BT 516.92 564.00 Td (v) Tj ET Q q 0 0 0 rg BT 521.34 564.00 Td (er) Tj ET Q q 0 0 0 rg BT 529.60 564.00 Td (ag) Tj ET Q q 0 0 0 rg BT 539.01 564.00 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 552.00 Td (occupancy r) Tj ET Q q 0 0 0 rg BT 102.58 552.00 Td (a) Tj ET Q q 0 0 0 rg BT 107.28 552.00 Td (t) Tj ET Q q 0 0 0 rg BT 110.52 552.00 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 128.34 552.00 Td (94.1%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.22 552.00 Td ( and a w) Tj ET Q q 0 0 0 rg BT 187.15 552.00 Td (eigh) Tj ET Q q 0 0 0 rg BT 204.29 552.00 Td (t) Tj ET Q q 0 0 0 rg BT 207.53 552.00 Td (ed a) Tj ET Q q 0 0 0 rg BT 224.64 552.00 Td (v) Tj ET Q q 0 0 0 rg BT 229.06 552.00 Td (er) Tj ET Q q 0 0 0 rg BT 237.32 552.00 Td (ag) Tj ET Q q 0 0 0 rg BT 246.73 552.00 Td (e run r) Tj ET Q q 0 0 0 rg BT 273.51 552.00 Td (a) Tj ET Q q 0 0 0 rg BT 278.20 552.00 Td (t) Tj ET Q q 0 0 0 rg BT 281.45 552.00 Td (e yield on c) Tj ET Q q 0 0 0 rg BT 327.22 552.00 Td (os) Tj ET Q q 0 0 0 rg BT 336.29 552.00 Td (t and f) Tj ET Q q 0 0 0 rg BT 362.32 552.00 Td (air v) Tj ET Q q 0 0 0 rg BT 379.52 552.00 Td (alue of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.68 552.00 Td (5.65%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 434.56 552.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.38 552.00 Td (5.50%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.26 552.00 Td (, r) Tj ET Q q 0 0 0 rg BT 487.37 552.00 Td (espectiv) Tj ET Q q 0 0 0 rg BT 520.78 552.00 Td (ely) Tj ET Q q 0 0 0 rg BT 531.92 552.00 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 540.00 Td (These asse) Tj ET Q q 0 0 0 rg BT 97.78 540.00 Td (ts ar) Tj ET Q q 0 0 0 rg BT 115.45 540.00 Td (e e) Tj ET Q q 0 0 0 rg BT 127.51 540.00 Td (xpect) Tj ET Q q 0 0 0 rg BT 149.54 540.00 Td (ed t) Tj ET Q q 0 0 0 rg BT 165.28 540.00 Td (o ha) Tj ET Q q 0 0 0 rg BT 182.70 540.00 Td (v) Tj ET Q q 0 0 0 rg BT 187.12 540.00 Td (e impr) Tj ET Q q 0 0 0 rg BT 213.21 540.00 Td (o) Tj ET Q q 0 0 0 rg BT 218.44 540.00 Td (v) Tj ET Q q 0 0 0 rg BT 222.86 540.00 Td (ed oper) Tj ET Q q 0 0 0 rg BT 254.14 540.00 Td (a) Tj ET Q q 0 0 0 rg BT 258.83 540.00 Td (ting me) Tj ET Q q 0 0 0 rg BT 289.61 540.00 Td (trics f) Tj ET Q q 0 0 0 rg BT 311.98 540.00 Td (ollo) Tj ET Q q 0 0 0 rg BT 327.08 540.00 Td (wing c) Tj ET Q q 0 0 0 rg BT 352.89 540.00 Td (omple) Tj ET Q q 0 0 0 rg BT 378.62 540.00 Td (tion of their v) Tj ET Q q 0 0 0 rg BT 433.63 540.00 Td (arious v) Tj ET Q q 0 0 0 rg BT 465.27 540.00 Td (alue cr) Tj ET Q q 0 0 0 rg BT 492.43 540.00 Td (ea) Tj ET Q q 0 0 0 rg BT 502.11 540.00 Td (tion ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 528.00 Td (activities. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 513.00 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 513.00 Td (y) Tj ET Q q 0 0 0 rg BT 109.90 513.00 Td () Tj ET Q q 0 0 0 rg BT 111.78 513.00 Td (s lar) Tj ET Q q 0 0 0 rg BT 128.39 513.00 Td (g) Tj ET Q q 0 0 0 rg BT 133.01 513.00 Td (es) Tj ET Q q 0 0 0 rg BT 141.79 513.00 Td (t pr) Tj ET Q q 0 0 0 rg BT 155.98 513.00 Td (operties \(100% o) Tj ET Q q 0 0 0 rg BT 224.64 513.00 Td (wned\) as a) Tj ET Q q 0 0 0 rg BT 268.22 513.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.83 513.00 Td (Mar) Tj ET Q q 0 0 0 rg BT 290.51 513.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 337.42 513.00 Td ( ar) Tj ET Q q 0 0 0 rg BT 347.83 513.00 Td (e lis) Tj ET Q q 0 0 0 rg BT 363.45 513.00 Td (t) Tj ET Q q 0 0 0 rg BT 366.70 513.00 Td (ed belo) Tj ET Q q 0 0 0 rg BT 396.94 513.00 Td (w: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 502.5 m 225.5 502.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 477.5 m 225.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 502.5 m 281.5 502.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 477.5 m 281.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 502.5 m 342.5 502.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281.5 477.5 m 342.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 502.5 m 401.5 502.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 477.5 m 401.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 502.5 m 450.5 502.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 477.5 m 450.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 502.5 m 503.5 502.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 450.5 477.5 m 503.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 502.5 m 543.5 502.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 477.5 m 543.5 477.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 477.5 m 225.5 477.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 477.5 m 281.5 477.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281.5 477.5 m 342.5 477.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 149.5 m 225.5 149.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 149.5 m 543.5 149.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 149.5 m 281.5 149.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281.5 149.5 m 342.5 149.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 149.5 m 401.5 149.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 149.5 m 450.5 149.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 450.5 149.5 m 503.5 149.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 127.5 m 225.5 127.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 127.5 m 281.5 127.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281.5 127.5 m 342.5 127.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 127.5 m 401.5 127.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 127.5 m 450.5 127.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 450.5 127.5 m 503.5 127.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 127.5 m 543.5 127.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 115.5 m 225.5 115.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 115.5 m 281.5 115.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281.5 127.5 m 342.5 127.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 115.5 m 342.5 115.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 127.5 m 401.5 127.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 115.5 m 401.5 115.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 127.5 m 450.5 127.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 115.5 m 450.5 115.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 450.5 127.5 m 503.5 127.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 115.5 m 503.5 115.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 115.5 m 543.5 115.5 l s BT /F2 7.50 Tf ET q 0 0 0 rg BT 57.00 481.88 Td (Property Name, City, Province) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 231.90 489.38 Td (Gross Leasable) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 239.30 481.88 Td (Area \(sq. ft.\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 306.80 489.38 Td (IFR) Tj ET Q q 0 0 0 rg BT 316.39 489.38 Td (S V) Tj ET Q q 0 0 0 rg BT 325.65 489.38 Td (alue) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 318.20 481.88 Td ( \(000s\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 356.40 489.38 Td (In) Tj ET Q q 0 0 0 rg BT 362.32 489.38 Td (v) Tj ET Q q 0 0 0 rg BT 365.80 489.38 Td (es) Tj ET Q q 0 0 0 rg BT 372.48 489.38 Td (t) Tj ET Q q 0 0 0 rg BT 374.99 489.38 Td (ed Cos) Tj ET Q q 0 0 0 rg BT 395.40 489.38 Td (t) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 378.90 481.88 Td (\(000s\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 404.55 489.38 Td (Pr) Tj ET Q q 0 0 0 rg BT 411.12 489.38 Td (eDe) Tj ET Q q 0 0 0 rg BT 423.37 489.38 Td (v/UD ) Tj ET Q BT /F2 7.50 Tf ET BT /F2 4.87 Tf ET q 0 0 0 rg BT 441.46 492.95 Td (\(2\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 446.97 489.38 Td ( ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 416.45 481.88 Td (Bal \(000s\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 474.15 494.38 Td (Q1 2014) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 458.15 486.88 Td (NOI Run Ra) Tj ET Q q 0 0 0 rg BT 493.68 486.88 Td (t) Tj ET Q q 0 0 0 rg BT 496.19 486.88 Td (e ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 480.90 479.38 Td (\(000s\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 506.05 481.88 Td (Occupancy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 469.00 Td (Same Property Stable) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 458.19 Td (Cedarbrae Mall, Toronto, ON) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 458.19 Td (546,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 284.00 458.19 Td ($) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 458.19 Td (152,800) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 345.00 458.19 Td ($) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 372.05 458.19 Td (109,685) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 404.00 458.19 Td ($) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 458.19 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 453.00 458.19 Td ($) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 458.19 Td (8,874) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 458.19 Td (98.9) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 458.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 446.19 Td (Northgate Centre, Edmonton, AB) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 446.19 Td (487,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 446.19 Td (151,434) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 446.19 Td (77,439) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 446.19 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 446.19 Td (8,037) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 446.19 Td (94.5) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 446.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 434.19 Td (Meadowvale Town Centre, Mississauga, ON) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 434.19 Td (422,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 434.19 Td (144,555) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 434.19 Td (90,880) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 434.19 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 434.19 Td (8,147) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 434.19 Td (97.2) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 434.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 422.19 Td (Shops at New West, New Westminster, BC) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 422.19 Td (196,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 422.19 Td (105,843) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 372.05 422.19 Td (106,519) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 422.19 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 422.19 Td (4,128) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 422.19 Td (88.3) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 422.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 410.19 Td (York Mills Gardens, Toronto, ON) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 410.19 Td (189,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 410.19 Td (105,105) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 410.19 Td (78,186) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 410.19 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 410.19 Td (5,603) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 410.19 Td (95.2) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 410.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 398.19 Td (Royal Oak Centre, Calgary, AB) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 398.19 Td (336,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 398.19 Td (102,131) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 398.19 Td (57,708) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 398.19 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 398.19 Td (5,709) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 398.19 Td (99.1) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 398.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 386.19 Td (South Park Centre, Calgary, AB) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 386.19 Td (375,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 386.19 Td (100,316) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 386.19 Td (68,212) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 386.19 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 386.19 Td (6,026) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 519.55 386.19 Td (100.0) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 386.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 374.19 Td (Morningside Crossing, Toronto, ON) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 374.19 Td (304,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 317.05 374.19 Td (99,438) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 374.19 Td (86,022) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 374.19 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 374.19 Td (5,593) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 374.19 Td (97.4) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 374.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 362.19 Td (Appleby Village, Burlington, ON) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 362.19 Td (251,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 317.05 362.19 Td (95,180) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 362.19 Td (70,542) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 362.19 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 362.19 Td (4,712) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 362.19 Td (91.2) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 362.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 350.19 Td (Fairview Mall, St. Catharines, ON) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 350.19 Td (388,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 317.05 350.19 Td (94,900) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 350.19 Td (74,118) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 350.19 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 350.19 Td (6,338) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 350.19 Td (99.5) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 350.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 338.19 Td (Meadowlark Health and Shopping Centre,) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 66.00 330.44 Td (Edmonton, AB) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 331.94 Td (299,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 317.05 331.94 Td (88,036) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 331.94 Td (86,039) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 331.94 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 331.94 Td (5,629) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 331.94 Td (99.3) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 331.94 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 319.19 Td (Brampton Corners, Brampton, ON) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 319.19 Td (302,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 317.05 319.19 Td (75,037) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 319.19 Td (44,343) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 319.19 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 319.19 Td (4,348) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 519.55 319.19 Td (100.0) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 319.19 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 307.00 Td (Same Property with incremental redevelopment and expansion) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 295.19 Td (Shops at King Liberty, Toronto, ON) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 295.19 Td (293,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 295.19 Td (141,125) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 372.05 295.19 Td (123,517) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 429.95 295.19 Td (5,764) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 295.19 Td (7,616) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 295.19 Td (99.3) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 295.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 284.19 Td (Westmount Shopping Centre, Edmonton, AB) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 284.19 Td (526,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 284.19 Td (137,526) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 372.05 284.19 Td (124,817) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 429.95 284.19 Td (2,113) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 284.19 Td (6,324) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 284.19 Td (88.4) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 284.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 273.19 Td (Rutherford Marketplace, Vaughan, ON) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 273.19 Td (194,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 273.19 Td (117,020) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 372.05 273.19 Td (108,194) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 426.00 273.19 Td (16,036) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 273.19 Td (5,431) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 519.55 273.19 Td (100.0) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 273.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 262.19 Td (McKenzie Towne Centre, Calgary, AB) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 262.19 Td (214,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 317.05 262.19 Td (91,526) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 262.19 Td (50,004) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 435.80 262.19 Td (319) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 262.19 Td (5,398) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 262.19 Td (99.5) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 262.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 251.19 Td (Carrefour St-Hubert, Longueuil, QC) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 251.19 Td (317,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 317.05 251.19 Td (86,620) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 251.19 Td (77,233) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 429.95 251.19 Td (3,057) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 251.19 Td (4,974) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 251.19 Td (96.8) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 251.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 240.19 Td (Gloucester City Centre, Ottawa, ON) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 240.19 Td (356,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 317.05 240.19 Td (73,555) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 240.19 Td (56,614) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 440.55 240.19 Td () Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 240.19 Td (4,183) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 240.19 Td (96.1) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 240.19 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 229.00 Td (Major redevelopment or ground-up development) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 218.19 Td (Haz) Tj ET Q q 0 0 0 rg BT 68.43 218.19 Td (elt) Tj ET Q q 0 0 0 rg BT 76.58 218.19 Td (on Lanes, T) Tj ET Q q 0 0 0 rg BT 111.20 218.19 Td (or) Tj ET Q q 0 0 0 rg BT 117.86 218.19 Td (on) Tj ET Q q 0 0 0 rg BT 125.95 218.19 Td (t) Tj ET Q q 0 0 0 rg BT 128.47 218.19 Td (o) Tj ET Q q 0 0 0 rg BT 132.42 218.19 Td (, ON ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 147.99 222.00 Td (\(1\)) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 218.19 Td (249,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 218.19 Td (270,378) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 372.05 218.19 Td (270,470) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 426.00 218.19 Td (82,673) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 218.19 Td (5,974) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 218.19 Td (81.9) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 218.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 207.19 Td (Place Viau, Montreal, QC) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 207.19 Td (211,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 207.19 Td (132,626) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 372.05 207.19 Td (123,224) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 426.00 207.19 Td (64,312) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 207.19 Td (4,169) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 519.55 207.19 Td (100.0) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 207.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 196.19 Td (Victoria Park Centres, Toronto, ON) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 196.19 Td (485,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 196.19 Td (130,844) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 372.05 196.19 Td (130,748) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 439.70 196.19 Td (51) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 196.19 Td (7,438) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 196.19 Td (95.9) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 196.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 185.19 Td (Mount Royal Village, Calgary, AB) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 185.19 Td (204,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 185.19 Td (116,563) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 372.05 185.19 Td (118,064) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 426.00 185.19 Td (35,214) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 185.19 Td (5,033) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 185.19 Td (89.7) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 185.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 174.19 Td (Macleod Trail, Calgary, AB) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 174.19 Td (300,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 313.05 174.19 Td (102,597) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 174.19 Td (91,598) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 426.00 174.19 Td (12,279) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 174.19 Td (6,690) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 174.19 Td (93.7) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 174.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 163.19 Td (Semiahmoo Shopping Centre, Surrey, BC) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 163.19 Td (297,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 317.05 163.19 Td (93,730) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 163.19 Td (95,851) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 429.95 163.19 Td (7,882) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 163.19 Td (5,191) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 163.19 Td (94.6) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 163.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 152.19 Td (Place Portobello, Brossard, QC) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 252.10 152.19 Td (575,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 317.05 152.19 Td (91,994) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 376.05 152.19 Td (89,181) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 429.95 152.19 Td (3,465) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 482.95 152.19 Td (5,794) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 152.19 Td (97.2) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 152.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 246.25 141.19 Td (8,316,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 307.25 141.19 Td (2,900,879) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 366.25 141.19 Td (2,409,208) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 422.05 141.19 Td (233,165) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 475.05 141.19 Td (147,359) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 141.19 Td (95.9) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 141.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 57.00 130.19 Td (Remainder of portfolio) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 242.35 130.19 Td (16,209,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 307.25 130.19 Td (4,405,336) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 366.25 130.19 Td (3,729,910) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 422.05 130.19 Td (119,317) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 475.05 130.19 Td (268,526) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 130.19 Td (95.0) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 130.19 Td (%) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 242.35 119.19 Td (24,525,000) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 284.00 119.19 Td ($) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 307.25 119.19 Td (7,306,215) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 345.00 119.19 Td ($) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 366.25 119.19 Td (6,139,118) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 404.00 119.19 Td ($) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 422.05 119.19 Td (352,482) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 453.00 119.19 Td ($) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 475.05 119.19 Td (415,885) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 523.50 119.19 Td (95.3) Tj ET Q BT /F3 7.75 Tf ET q 0 0 0 rg BT 537.45 119.19 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 107.94 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 104.60 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 104.60 Td (F) Tj ET Q q 0 0 0 rg BT 66.03 104.60 Td (air v) Tj ET Q q 0 0 0 rg BT 78.07 104.60 Td (alue includes mortg) Tj ET Q q 0 0 0 rg BT 134.02 104.60 Td (ag) Tj ET Q q 0 0 0 rg BT 140.60 104.60 Td (e in) Tj ET Q q 0 0 0 rg BT 150.84 104.60 Td (v) Tj ET Q q 0 0 0 rg BT 153.93 104.60 Td (es) Tj ET Q q 0 0 0 rg BT 160.07 104.60 Td (tmen) Tj ET Q q 0 0 0 rg BT 175.11 104.60 Td (t of ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 186.44 104.60 Td ($47 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 218.06 104.60 Td (.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 96.54 Td (\(2\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 93.20 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 93.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 68.96 93.20 Td (e-de) Tj ET Q q 0 0 0 rg BT 81.72 93.20 Td (v) Tj ET Q q 0 0 0 rg BT 84.81 93.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 109.96 93.20 Td (t/under) Tj ET Q q 0 0 0 rg BT 131.87 93.20 Td (de) Tj ET Q q 0 0 0 rg BT 138.99 93.20 Td (v) Tj ET Q q 0 0 0 rg BT 142.08 93.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 167.23 93.20 Td (t c) Tj ET Q q 0 0 0 rg BT 174.06 93.20 Td (os) Tj ET Q q 0 0 0 rg BT 180.41 93.20 Td (ts ar) Tj ET Q q 0 0 0 rg BT 192.78 93.20 Td (e included in the IFR) Tj ET Q q 0 0 0 rg BT 250.43 93.20 Td (S V) Tj ET Q q 0 0 0 rg BT 258.82 93.20 Td (alue and In) Tj ET Q q 0 0 0 rg BT 290.13 93.20 Td (v) Tj ET Q q 0 0 0 rg BT 293.23 93.20 Td (es) Tj ET Q q 0 0 0 rg BT 299.37 93.20 Td (t) Tj ET Q q 0 0 0 rg BT 301.64 93.20 Td (ed Cos) Tj ET Q q 0 0 0 rg BT 320.47 93.20 Td (t. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 75.20 Td (R) Tj ET Q q 0 0 0 rg BT 59.25 75.20 Td (e) Tj ET Q q 0 0 0 rg BT 64.14 75.20 Td (f) Tj ET Q q 0 0 0 rg BT 66.94 75.20 Td (er t) Tj ET Q q 0 0 0 rg BT 80.92 75.20 Td (o the Compan) Tj ET Q q 0 0 0 rg BT 138.00 75.20 Td (y) Tj ET Q q 0 0 0 rg BT 142.83 75.20 Td () Tj ET Q q 0 0 0 rg BT 144.71 75.20 Td (s 2013 Annual R) Tj ET Q q 0 0 0 rg BT 209.57 75.20 Td (eport f) Tj ET Q q 0 0 0 rg BT 237.01 75.20 Td (or a brie) Tj ET Q q 0 0 0 rg BT 271.00 75.20 Td (f pr) Tj ET Q q 0 0 0 rg BT 284.89 75.20 Td (ofile of each of these pr) Tj ET Q q 0 0 0 rg BT 381.03 75.20 Td (operties.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (16) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.00 Td (V) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 60.43 693.00 Td (alua) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.56 693.00 Td (tion of In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.70 693.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.26 693.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.96 693.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.25 693.00 Td (t Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.63 693.00 Td (operties Under IFR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.55 693.00 Td (S) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 675.00 Td (During the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.25 675.00 Td (thr) Tj ET Q q 0 0 0 rg BT 111.21 675.00 Td (ee mon) Tj ET Q q 0 0 0 rg BT 141.84 675.00 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 201.27 675.00 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.18 675.00 Td (, the w) Tj ET Q q 0 0 0 rg BT 275.84 675.00 Td (eigh) Tj ET Q q 0 0 0 rg BT 292.97 675.00 Td (t) Tj ET Q q 0 0 0 rg BT 296.22 675.00 Td (ed a) Tj ET Q q 0 0 0 rg BT 313.33 675.00 Td (v) Tj ET Q q 0 0 0 rg BT 317.75 675.00 Td (er) Tj ET Q q 0 0 0 rg BT 326.01 675.00 Td (ag) Tj ET Q q 0 0 0 rg BT 335.42 675.00 Td (e s) Tj ET Q q 0 0 0 rg BT 346.46 675.00 Td (t) Tj ET Q q 0 0 0 rg BT 349.68 675.00 Td (abiliz) Tj ET Q q 0 0 0 rg BT 370.34 675.00 Td (ed c) Tj ET Q q 0 0 0 rg BT 386.97 675.00 Td (apit) Tj ET Q q 0 0 0 rg BT 402.54 675.00 Td (aliz) Tj ET Q q 0 0 0 rg BT 415.70 675.00 Td (a) Tj ET Q q 0 0 0 rg BT 420.40 675.00 Td (tion r) Tj ET Q q 0 0 0 rg BT 442.12 675.00 Td (a) Tj ET Q q 0 0 0 rg BT 446.81 675.00 Td (t) Tj ET Q q 0 0 0 rg BT 450.05 675.00 Td (e of the Compan) Tj ET Q q 0 0 0 rg BT 517.42 675.00 Td (y) Tj ET Q q 0 0 0 rg BT 522.25 675.00 Td () Tj ET Q q 0 0 0 rg BT 524.14 675.00 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 663.00 Td (in) Tj ET Q q 0 0 0 rg BT 61.38 663.00 Td (v) Tj ET Q q 0 0 0 rg BT 65.80 663.00 Td (es) Tj ET Q q 0 0 0 rg BT 74.58 663.00 Td (tmen) Tj ET Q q 0 0 0 rg BT 96.05 663.00 Td (t pr) Tj ET Q q 0 0 0 rg BT 110.24 663.00 Td (operty portf) Tj ET Q q 0 0 0 rg BT 159.57 663.00 Td (olio r) Tj ET Q q 0 0 0 rg BT 180.32 663.00 Td (emained unchang) Tj ET Q q 0 0 0 rg BT 252.77 663.00 Td (ed a) Tj ET Q q 0 0 0 rg BT 269.96 663.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 275.57 663.00 Td (5.86%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.45 663.00 Td (, including the impact of dispositions, acquisitions, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 651.00 Td (de) Tj ET Q q 0 0 0 rg BT 64.18 651.00 Td (v) Tj ET Q q 0 0 0 rg BT 68.60 651.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 104.52 651.00 Td (t activities. The decr) Tj ET Q q 0 0 0 rg BT 186.10 651.00 Td (ease in v) Tj ET Q q 0 0 0 rg BT 221.19 651.00 Td (alue of in) Tj ET Q q 0 0 0 rg BT 258.74 651.00 Td (v) Tj ET Q q 0 0 0 rg BT 263.16 651.00 Td (es) Tj ET Q q 0 0 0 rg BT 271.93 651.00 Td (tmen) Tj ET Q q 0 0 0 rg BT 293.40 651.00 Td (t pr) Tj ET Q q 0 0 0 rg BT 307.59 651.00 Td (operties, ne) Tj ET Q q 0 0 0 rg BT 356.05 651.00 Td (t w) Tj ET Q q 0 0 0 rg BT 368.69 651.00 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.65 651.00 Td ($6.3 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.34 651.00 Td ( fr) Tj ET Q q 0 0 0 rg BT 435.98 651.00 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.50 651.00 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.96 651.00 Td ( t) Tj ET Q q 0 0 0 rg BT 536.48 651.00 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 639.00 Td (Mar) Tj ET Q q 0 0 0 rg BT 70.68 639.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 117.59 639.00 Td (, which ar) Tj ET Q q 0 0 0 rg BT 156.90 639.00 Td (ose primarily as a r) Tj ET Q q 0 0 0 rg BT 233.37 639.00 Td (esult of a 25 bp) Tj ET Q q 0 0 0 rg BT 295.90 639.00 Td (s incr) Tj ET Q q 0 0 0 rg BT 317.21 639.00 Td (ease t) Tj ET Q q 0 0 0 rg BT 341.37 639.00 Td (o c) Tj ET Q q 0 0 0 rg BT 353.05 639.00 Td (apit) Tj ET Q q 0 0 0 rg BT 368.62 639.00 Td (aliz) Tj ET Q q 0 0 0 rg BT 381.78 639.00 Td (a) Tj ET Q q 0 0 0 rg BT 386.48 639.00 Td (tion r) Tj ET Q q 0 0 0 rg BT 408.19 639.00 Td (a) Tj ET Q q 0 0 0 rg BT 412.89 639.00 Td (t) Tj ET Q q 0 0 0 rg BT 416.13 639.00 Td (es r) Tj ET Q q 0 0 0 rg BT 430.64 639.00 Td (ela) Tj ET Q q 0 0 0 rg BT 442.60 639.00 Td (ting t) Tj ET Q q 0 0 0 rg BT 463.72 639.00 Td (o the Compan) Tj ET Q q 0 0 0 rg BT 520.80 639.00 Td (y) Tj ET Q q 0 0 0 rg BT 525.63 639.00 Td () Tj ET Q q 0 0 0 rg BT 527.52 639.00 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 627.00 Td (V) Tj ET Q q 0 0 0 rg BT 59.12 627.00 Td (anc) Tj ET Q q 0 0 0 rg BT 73.31 627.00 Td (ouv) Tj ET Q q 0 0 0 rg BT 88.25 627.00 Td (er Island in) Tj ET Q q 0 0 0 rg BT 132.64 627.00 Td (v) Tj ET Q q 0 0 0 rg BT 137.06 627.00 Td (es) Tj ET Q q 0 0 0 rg BT 145.84 627.00 Td (tmen) Tj ET Q q 0 0 0 rg BT 167.31 627.00 Td (t pr) Tj ET Q q 0 0 0 rg BT 181.50 627.00 Td (operty portf) Tj ET Q q 0 0 0 rg BT 230.83 627.00 Td (olio) Tj ET Q q 0 0 0 rg BT 245.79 627.00 Td (, partially of) Tj ET Q q 0 0 0 rg BT 294.11 627.00 Td (f) Tj ET Q q 0 0 0 rg BT 297.03 627.00 Td (se) Tj ET Q q 0 0 0 rg BT 305.87 627.00 Td (t b) Tj ET Q q 0 0 0 rg BT 316.68 627.00 Td (y sligh) Tj ET Q q 0 0 0 rg BT 341.84 627.00 Td (t c) Tj ET Q q 0 0 0 rg BT 351.59 627.00 Td (apit) Tj ET Q q 0 0 0 rg BT 367.16 627.00 Td (aliz) Tj ET Q q 0 0 0 rg BT 380.32 627.00 Td (a) Tj ET Q q 0 0 0 rg BT 385.02 627.00 Td (tion r) Tj ET Q q 0 0 0 rg BT 406.73 627.00 Td (a) Tj ET Q q 0 0 0 rg BT 411.43 627.00 Td (t) Tj ET Q q 0 0 0 rg BT 414.67 627.00 Td (e c) Tj ET Q q 0 0 0 rg BT 426.06 627.00 Td (ompr) Tj ET Q q 0 0 0 rg BT 447.93 627.00 Td (ession in the E) Tj ET Q q 0 0 0 rg BT 506.17 627.00 Td (as) Tj ET Q q 0 0 0 rg BT 514.76 627.00 Td (t) Tj ET Q q 0 0 0 rg BT 518.00 627.00 Td (ern ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 615.00 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 615.00 Td (egion in) Tj ET Q q 0 0 0 rg BT 89.50 615.00 Td (v) Tj ET Q q 0 0 0 rg BT 93.92 615.00 Td (es) Tj ET Q q 0 0 0 rg BT 102.70 615.00 Td (tmen) Tj ET Q q 0 0 0 rg BT 124.17 615.00 Td (t pr) Tj ET Q q 0 0 0 rg BT 138.36 615.00 Td (operty portf) Tj ET Q q 0 0 0 rg BT 187.69 615.00 Td (olio. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 597.00 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 597.00 Td (y has thr) Tj ET Q q 0 0 0 rg BT 140.03 597.00 Td (ee appr) Tj ET Q q 0 0 0 rg BT 170.87 597.00 Td (oaches t) Tj ET Q q 0 0 0 rg BT 204.81 597.00 Td (o de) Tj ET Q q 0 0 0 rg BT 222.52 597.00 Td (t) Tj ET Q q 0 0 0 rg BT 225.76 597.00 Td (ermine the f) Tj ET Q q 0 0 0 rg BT 275.69 597.00 Td (air v) Tj ET Q q 0 0 0 rg BT 292.90 597.00 Td (alue of an in) Tj ET Q q 0 0 0 rg BT 342.75 597.00 Td (v) Tj ET Q q 0 0 0 rg BT 347.16 597.00 Td (es) Tj ET Q q 0 0 0 rg BT 355.94 597.00 Td (tmen) Tj ET Q q 0 0 0 rg BT 377.41 597.00 Td (t pr) Tj ET Q q 0 0 0 rg BT 391.60 597.00 Td (operty a) Tj ET Q q 0 0 0 rg BT 425.43 597.00 Td (t the end of each r) Tj ET Q q 0 0 0 rg BT 500.07 597.00 Td (eporting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 585.00 Td (period:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 573.00 Td (1. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 573.00 Td (Ex) Tj ET Q q 0 0 0 rg BT 72.24 573.00 Td (t) Tj ET Q q 0 0 0 rg BT 75.49 573.00 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 117.13 573.00 Td (aisals ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 141.38 573.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 148.62 573.00 Td (b) Tj ET Q q 0 0 0 rg BT 153.83 573.00 Td (y an independen) Tj ET Q q 0 0 0 rg BT 221.57 573.00 Td (t na) Tj ET Q q 0 0 0 rg BT 237.13 573.00 Td (tional appr) Tj ET Q q 0 0 0 rg BT 281.23 573.00 Td (aisal firm, acc) Tj ET Q q 0 0 0 rg BT 336.31 573.00 Td (or) Tj ET Q q 0 0 0 rg BT 344.93 573.00 Td (ding t) Tj ET Q q 0 0 0 rg BT 367.96 573.00 Td (o pr) Tj ET Q q 0 0 0 rg BT 384.07 573.00 Td (of) Tj ET Q q 0 0 0 rg BT 392.15 573.00 Td (essional appr) Tj ET Q q 0 0 0 rg BT 445.69 573.00 Td (aisal s) Tj ET Q q 0 0 0 rg BT 469.83 573.00 Td (t) Tj ET Q q 0 0 0 rg BT 473.06 573.00 Td (andar) Tj ET Q q 0 0 0 rg BT 496.50 573.00 Td (ds and IFR) Tj ET Q q 0 0 0 rg BT 537.89 573.00 Td (S. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 561.00 Td (On an annual basis, the Compan) Tj ET Q q 0 0 0 rg BT 193.80 561.00 Td (y has an annual minimum thr) Tj ET Q q 0 0 0 rg BT 312.29 561.00 Td (eshold of appr) Tj ET Q q 0 0 0 rg BT 370.72 561.00 Td (o) Tj ET Q q 0 0 0 rg BT 375.80 561.00 Td (xima) Tj ET Q q 0 0 0 rg BT 395.11 561.00 Td (t) Tj ET Q q 0 0 0 rg BT 398.35 561.00 Td (ely 25% \(as measur) Tj ET Q q 0 0 0 rg BT 476.22 561.00 Td (ed b) Tj ET Q q 0 0 0 rg BT 493.92 561.00 Td (y f) Tj ET Q q 0 0 0 rg BT 503.56 561.00 Td (air v) Tj ET Q q 0 0 0 rg BT 520.76 561.00 Td (alue\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 549.00 Td (of the portf) Tj ET Q q 0 0 0 rg BT 109.63 549.00 Td (olio r) Tj ET Q q 0 0 0 rg BT 130.38 549.00 Td (equiring e) Tj ET Q q 0 0 0 rg BT 170.99 549.00 Td (x) Tj ET Q q 0 0 0 rg BT 175.35 549.00 Td (t) Tj ET Q q 0 0 0 rg BT 178.59 549.00 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 220.23 549.00 Td (aisal.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 537.00 Td (2. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 537.00 Td (In) Tj ET Q q 0 0 0 rg BT 70.68 537.00 Td (t) Tj ET Q q 0 0 0 rg BT 73.92 537.00 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 115.56 537.00 Td (aisals ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 139.82 537.00 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.80 537.00 Td ( b) Tj ET Q q 0 0 0 rg BT 152.26 537.00 Td (y certified s) Tj ET Q q 0 0 0 rg BT 199.02 537.00 Td (t) Tj ET Q q 0 0 0 rg BT 202.25 537.00 Td (a) Tj ET Q q 0 0 0 rg BT 206.98 537.00 Td (f) Tj ET Q q 0 0 0 rg BT 209.93 537.00 Td (f appr) Tj ET Q q 0 0 0 rg BT 233.83 537.00 Td (aiser) Tj ET Q q 0 0 0 rg BT 253.11 537.00 Td (s emplo) Tj ET Q q 0 0 0 rg BT 285.02 537.00 Td (y) Tj ET Q q 0 0 0 rg BT 289.42 537.00 Td (ed b) Tj ET Q q 0 0 0 rg BT 307.12 537.00 Td (y the Compan) Tj ET Q q 0 0 0 rg BT 363.45 537.00 Td (y) Tj ET Q q 0 0 0 rg BT 367.26 537.00 Td (, acc) Tj ET Q q 0 0 0 rg BT 385.18 537.00 Td (or) Tj ET Q q 0 0 0 rg BT 393.81 537.00 Td (ding t) Tj ET Q q 0 0 0 rg BT 416.83 537.00 Td (o pr) Tj ET Q q 0 0 0 rg BT 432.94 537.00 Td (of) Tj ET Q q 0 0 0 rg BT 441.02 537.00 Td (essional appr) Tj ET Q q 0 0 0 rg BT 494.56 537.00 Td (aisal ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 525.00 Td (s) Tj ET Q q 0 0 0 rg BT 66.80 525.00 Td (t) Tj ET Q q 0 0 0 rg BT 70.03 525.00 Td (andar) Tj ET Q q 0 0 0 rg BT 93.46 525.00 Td (ds and IFR) Tj ET Q q 0 0 0 rg BT 134.86 525.00 Td (S.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 513.00 Td (3. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 513.00 Td (V) Tj ET Q q 0 0 0 rg BT 68.12 513.00 Td (alue upda) Tj ET Q q 0 0 0 rg BT 108.15 513.00 Td (t) Tj ET Q q 0 0 0 rg BT 111.39 513.00 Td (es ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 122.54 513.00 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 127.52 513.00 Td ( primarily c) Tj ET Q q 0 0 0 rg BT 172.60 513.00 Td (onsis) Tj ET Q q 0 0 0 rg BT 193.14 513.00 Td (ting of Manag) Tj ET Q q 0 0 0 rg BT 249.60 513.00 Td (emen) Tj ET Q q 0 0 0 rg BT 272.70 513.00 Td (t's r) Tj ET Q q 0 0 0 rg BT 287.78 513.00 Td (e) Tj ET Q q 0 0 0 rg BT 292.71 513.00 Td (vie) Tj ET Q q 0 0 0 rg BT 304.45 513.00 Td (w of the k) Tj ET Q q 0 0 0 rg BT 344.50 513.00 Td (e) Tj ET Q q 0 0 0 rg BT 349.42 513.00 Td (y assump) Tj ET Q q 0 0 0 rg BT 387.27 513.00 Td (tions fr) Tj ET Q q 0 0 0 rg BT 415.99 513.00 Td (om pr) Tj ET Q q 0 0 0 rg BT 440.12 513.00 Td (e) Tj ET Q q 0 0 0 rg BT 445.05 513.00 Td (vious appr) Tj ET Q q 0 0 0 rg BT 487.14 513.00 Td (aisals and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 501.00 Td (upda) Tj ET Q q 0 0 0 rg BT 83.46 501.00 Td (ting the v) Tj ET Q q 0 0 0 rg BT 121.54 501.00 Td (alue f) Tj ET Q q 0 0 0 rg BT 143.95 501.00 Td (or chang) Tj ET Q q 0 0 0 rg BT 179.12 501.00 Td (es in the pr) Tj ET Q q 0 0 0 rg BT 224.50 501.00 Td (operty c) Tj ET Q q 0 0 0 rg BT 257.77 501.00 Td (ash flo) Tj ET Q q 0 0 0 rg BT 284.57 501.00 Td (w) Tj ET Q q 0 0 0 rg BT 290.86 501.00 Td (, ph) Tj ET Q q 0 0 0 rg BT 305.93 501.00 Td (y) Tj ET Q q 0 0 0 rg BT 310.37 501.00 Td (sic) Tj ET Q q 0 0 0 rg BT 320.72 501.00 Td (al c) Tj ET Q q 0 0 0 rg BT 334.21 501.00 Td (ondition and chang) Tj ET Q q 0 0 0 rg BT 412.43 501.00 Td (es in mark) Tj ET Q q 0 0 0 rg BT 453.87 501.00 Td (e) Tj ET Q q 0 0 0 rg BT 458.80 501.00 Td (t c) Tj ET Q q 0 0 0 rg BT 468.55 501.00 Td (onditions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 483.00 Td (The selection of the appr) Tj ET Q q 0 0 0 rg BT 155.23 483.00 Td (oach f) Tj ET Q q 0 0 0 rg BT 179.88 483.00 Td (or each pr) Tj ET Q q 0 0 0 rg BT 220.99 483.00 Td (operty is made based upon the f) Tj ET Q q 0 0 0 rg BT 352.27 483.00 Td (ollo) Tj ET Q q 0 0 0 rg BT 367.37 483.00 Td (wing crit) Tj ET Q q 0 0 0 rg BT 402.29 483.00 Td (eria:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 471.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 471.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 71.49 471.00 Td (operty type ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 120.98 471.00 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 125.96 471.00 Td ( this includes an e) Tj ET Q q 0 0 0 rg BT 198.25 471.00 Td (v) Tj ET Q q 0 0 0 rg BT 202.62 471.00 Td (alua) Tj ET Q q 0 0 0 rg BT 219.66 471.00 Td (tion of a pr) Tj ET Q q 0 0 0 rg BT 264.31 471.00 Td (operty's c) Tj ET Q q 0 0 0 rg BT 303.70 471.00 Td (omple) Tj ET Q q 0 0 0 rg BT 329.33 471.00 Td (xity) Tj ET Q q 0 0 0 rg BT 343.12 471.00 Td (, s) Tj ET Q q 0 0 0 rg BT 351.68 471.00 Td (t) Tj ET Q q 0 0 0 rg BT 354.90 471.00 Td (ag) Tj ET Q q 0 0 0 rg BT 364.32 471.00 Td (e of de) Tj ET Q q 0 0 0 rg BT 392.32 471.00 Td (v) Tj ET Q q 0 0 0 rg BT 396.74 471.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 432.66 471.00 Td (t, time since acquisition, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 459.00 Td (other specific opportunities or risk) Tj ET Q q 0 0 0 rg BT 202.75 459.00 Td (s associa) Tj ET Q q 0 0 0 rg BT 238.03 459.00 Td (t) Tj ET Q q 0 0 0 rg BT 241.27 459.00 Td (ed with the pr) Tj ET Q q 0 0 0 rg BT 298.49 459.00 Td (operty) Tj ET Q q 0 0 0 rg BT 324.69 459.00 Td (. St) Tj ET Q q 0 0 0 rg BT 337.30 459.00 Td (able pr) Tj ET Q q 0 0 0 rg BT 365.46 459.00 Td (operties and r) Tj ET Q q 0 0 0 rg BT 422.15 459.00 Td (ecen) Tj ET Q q 0 0 0 rg BT 441.49 459.00 Td (tly acquir) Tj ET Q q 0 0 0 rg BT 479.10 459.00 Td (ed pr) Tj ET Q q 0 0 0 rg BT 500.17 459.00 Td (operties ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 447.00 Td (will g) Tj ET Q q 0 0 0 rg BT 83.92 447.00 Td (ener) Tj ET Q q 0 0 0 rg BT 102.40 447.00 Td (ally r) Tj ET Q q 0 0 0 rg BT 121.93 447.00 Td (eceiv) Tj ET Q q 0 0 0 rg BT 142.82 447.00 Td (e a v) Tj ET Q q 0 0 0 rg BT 161.48 447.00 Td (alue upda) Tj ET Q q 0 0 0 rg BT 201.51 447.00 Td (t) Tj ET Q q 0 0 0 rg BT 204.75 447.00 Td (e, while pr) Tj ET Q q 0 0 0 rg BT 247.29 447.00 Td (operties under de) Tj ET Q q 0 0 0 rg BT 319.74 447.00 Td (v) Tj ET Q q 0 0 0 rg BT 324.16 447.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 360.08 447.00 Td (t will typic) Tj ET Q q 0 0 0 rg BT 401.55 447.00 Td (ally be v) Tj ET Q q 0 0 0 rg BT 434.58 447.00 Td (alued using in) Tj ET Q q 0 0 0 rg BT 490.55 447.00 Td (t) Tj ET Q q 0 0 0 rg BT 493.79 447.00 Td (ernal or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 435.00 Td (e) Tj ET Q q 0 0 0 rg BT 67.82 435.00 Td (x) Tj ET Q q 0 0 0 rg BT 72.18 435.00 Td (t) Tj ET Q q 0 0 0 rg BT 75.43 435.00 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 117.07 435.00 Td (aisals un) Tj ET Q q 0 0 0 rg BT 151.74 435.00 Td (til c) Tj ET Q q 0 0 0 rg BT 166.08 435.00 Td (omple) Tj ET Q q 0 0 0 rg BT 191.81 435.00 Td (tion.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 423.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 423.00 Td (Mark) Tj ET Q q 0 0 0 rg BT 84.05 423.00 Td (e) Tj ET Q q 0 0 0 rg BT 88.97 423.00 Td (t risk) Tj ET Q q 0 0 0 rg BT 108.73 423.00 Td (s ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 114.90 423.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 122.14 423.00 Td (specific risk) Tj ET Q q 0 0 0 rg BT 168.79 423.00 Td (s in a r) Tj ET Q q 0 0 0 rg BT 195.17 423.00 Td (egion or a tr) Tj ET Q q 0 0 0 rg BT 244.64 423.00 Td (ade ar) Tj ET Q q 0 0 0 rg BT 270.07 423.00 Td (ea ma) Tj ET Q q 0 0 0 rg BT 294.68 423.00 Td (y w) Tj ET Q q 0 0 0 rg BT 308.51 423.00 Td (arr) Tj ET Q q 0 0 0 rg BT 320.07 423.00 Td (an) Tj ET Q q 0 0 0 rg BT 330.02 423.00 Td (t a full e) Tj ET Q q 0 0 0 rg BT 362.66 423.00 Td (x) Tj ET Q q 0 0 0 rg BT 367.02 423.00 Td (t) Tj ET Q q 0 0 0 rg BT 370.26 423.00 Td (ernal or in) Tj ET Q q 0 0 0 rg BT 411.80 423.00 Td (t) Tj ET Q q 0 0 0 rg BT 415.04 423.00 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 456.68 423.00 Td (aisal f) Tj ET Q q 0 0 0 rg BT 479.87 423.00 Td (or cert) Tj ET Q q 0 0 0 rg BT 506.80 423.00 Td (ain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 411.00 Td (pr) Tj ET Q q 0 0 0 rg BT 71.58 411.00 Td (operties.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 399.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 399.00 Td (Chang) Tj ET Q q 0 0 0 rg BT 88.25 399.00 Td (es in o) Tj ET Q q 0 0 0 rg BT 114.44 399.00 Td (v) Tj ET Q q 0 0 0 rg BT 118.86 399.00 Td (er) Tj ET Q q 0 0 0 rg BT 127.12 399.00 Td (all ec) Tj ET Q q 0 0 0 rg BT 147.88 399.00 Td (onomic c) Tj ET Q q 0 0 0 rg BT 184.60 399.00 Td (onditions ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 225.02 399.00 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.00 399.00 Td ( signific) Tj ET Q q 0 0 0 rg BT 260.21 399.00 Td (an) Tj ET Q q 0 0 0 rg BT 270.16 399.00 Td (t chang) Tj ET Q q 0 0 0 rg BT 299.92 399.00 Td (es in o) Tj ET Q q 0 0 0 rg BT 326.11 399.00 Td (v) Tj ET Q q 0 0 0 rg BT 330.53 399.00 Td (er) Tj ET Q q 0 0 0 rg BT 338.79 399.00 Td (all ec) Tj ET Q q 0 0 0 rg BT 359.55 399.00 Td (onomic c) Tj ET Q q 0 0 0 rg BT 396.27 399.00 Td (onditions ma) Tj ET Q q 0 0 0 rg BT 449.28 399.00 Td (y incr) Tj ET Q q 0 0 0 rg BT 471.20 399.00 Td (ease the number ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 387.00 Td (of e) Tj ET Q q 0 0 0 rg BT 78.41 387.00 Td (x) Tj ET Q q 0 0 0 rg BT 82.77 387.00 Td (t) Tj ET Q q 0 0 0 rg BT 86.01 387.00 Td (ernal or in) Tj ET Q q 0 0 0 rg BT 127.55 387.00 Td (t) Tj ET Q q 0 0 0 rg BT 130.79 387.00 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 172.43 387.00 Td (aisals perf) Tj ET Q q 0 0 0 rg BT 213.24 387.00 Td (ormed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 375.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 375.00 Td (Business needs ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 126.84 375.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.08 375.00 Td (financings or acquisitions and dispositions ma) Tj ET Q q 0 0 0 rg BT 319.46 375.00 Td (y r) Tj ET Q q 0 0 0 rg BT 329.61 375.00 Td (equir) Tj ET Q q 0 0 0 rg BT 350.74 375.00 Td (e an e) Tj ET Q q 0 0 0 rg BT 375.10 375.00 Td (x) Tj ET Q q 0 0 0 rg BT 379.46 375.00 Td (t) Tj ET Q q 0 0 0 rg BT 382.71 375.00 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 424.35 375.00 Td (aisal.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 54.00 349.90 Td (Shopping Cen) Tj ET Q q 0 0 0 rg BT 115.93 349.90 Td (tres V) Tj ET Q q 0 0 0 rg BT 141.81 349.90 Td (aluation Me) Tj ET Q q 0 0 0 rg BT 197.47 349.90 Td (thod) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 334.90 Td (Shopping cen) Tj ET Q q 0 0 0 rg BT 108.51 334.90 Td (tr) Tj ET Q q 0 0 0 rg BT 115.22 334.90 Td (es ar) Tj ET Q q 0 0 0 rg BT 134.51 334.90 Td (e appr) Tj ET Q q 0 0 0 rg BT 160.32 334.90 Td (aised primarily using s) Tj ET Q q 0 0 0 rg BT 249.97 334.90 Td (t) Tj ET Q q 0 0 0 rg BT 253.19 334.90 Td (abiliz) Tj ET Q q 0 0 0 rg BT 273.85 334.90 Td (ed c) Tj ET Q q 0 0 0 rg BT 290.48 334.90 Td (ash flo) Tj ET Q q 0 0 0 rg BT 317.28 334.90 Td (w) Tj ET Q q 0 0 0 rg BT 324.34 334.90 Td (s fr) Tj ET Q q 0 0 0 rg BT 336.89 334.90 Td (om e) Tj ET Q q 0 0 0 rg BT 357.24 334.90 Td (xis) Tj ET Q q 0 0 0 rg BT 367.66 334.90 Td (ting t) Tj ET Q q 0 0 0 rg BT 388.77 334.90 Td (enan) Tj ET Q q 0 0 0 rg BT 408.95 334.90 Td (ts with the pr) Tj ET Q q 0 0 0 rg BT 463.20 334.90 Td (operty in its e) Tj ET Q q 0 0 0 rg BT 518.78 334.90 Td (xis) Tj ET Q q 0 0 0 rg BT 529.20 334.90 Td (ting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 322.90 Td (s) Tj ET Q q 0 0 0 rg BT 57.80 322.90 Td (t) Tj ET Q q 0 0 0 rg BT 61.03 322.90 Td (a) Tj ET Q q 0 0 0 rg BT 65.72 322.90 Td (t) Tj ET Q q 0 0 0 rg BT 68.97 322.90 Td (e, since pur) Tj ET Q q 0 0 0 rg BT 115.47 322.90 Td (chaser) Tj ET Q q 0 0 0 rg BT 141.94 322.90 Td (s typic) Tj ET Q q 0 0 0 rg BT 167.69 322.90 Td (ally f) Tj ET Q q 0 0 0 rg BT 186.70 322.90 Td (ocus on e) Tj ET Q q 0 0 0 rg BT 225.24 322.90 Td (xpect) Tj ET Q q 0 0 0 rg BT 247.27 322.90 Td (ed inc) Tj ET Q q 0 0 0 rg BT 271.45 322.90 Td (ome. Ex) Tj ET Q q 0 0 0 rg BT 303.72 322.90 Td (t) Tj ET Q q 0 0 0 rg BT 306.96 322.90 Td (ernal and in) Tj ET Q q 0 0 0 rg BT 355.04 322.90 Td (t) Tj ET Q q 0 0 0 rg BT 358.28 322.90 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 399.92 322.90 Td (aisals ar) Tj ET Q q 0 0 0 rg BT 432.32 322.90 Td (e c) Tj ET Q q 0 0 0 rg BT 443.70 322.90 Td (onduct) Tj ET Q q 0 0 0 rg BT 472.20 322.90 Td (ed using and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 310.90 Td (placing r) Tj ET Q q 0 0 0 rg BT 88.44 310.90 Td (eliance on both the dir) Tj ET Q q 0 0 0 rg BT 180.44 310.90 Td (ect c) Tj ET Q q 0 0 0 rg BT 199.40 310.90 Td (apit) Tj ET Q q 0 0 0 rg BT 214.96 310.90 Td (aliz) Tj ET Q q 0 0 0 rg BT 228.13 310.90 Td (a) Tj ET Q q 0 0 0 rg BT 232.82 310.90 Td (tion me) Tj ET Q q 0 0 0 rg BT 264.17 310.90 Td (thod and the disc) Tj ET Q q 0 0 0 rg BT 334.56 310.90 Td (oun) Tj ET Q q 0 0 0 rg BT 350.25 310.90 Td (t) Tj ET Q q 0 0 0 rg BT 353.49 310.90 Td (ed c) Tj ET Q q 0 0 0 rg BT 370.13 310.90 Td (ash flo) Tj ET Q q 0 0 0 rg BT 396.92 310.90 Td (w me) Tj ET Q q 0 0 0 rg BT 419.24 310.90 Td (thod \(including the es) Tj ET Q q 0 0 0 rg BT 507.38 310.90 Td (tima) Tj ET Q q 0 0 0 rg BT 525.71 310.90 Td (t) Tj ET Q q 0 0 0 rg BT 528.95 310.90 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 298.90 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 298.90 Td (oceeds fr) Tj ET Q q 0 0 0 rg BT 99.83 298.90 Td (om a pot) Tj ET Q q 0 0 0 rg BT 136.18 298.90 Td (en) Tj ET Q q 0 0 0 rg BT 146.31 298.90 Td (tial futur) Tj ET Q q 0 0 0 rg BT 181.57 298.90 Td (e disposition\). V) Tj ET Q q 0 0 0 rg BT 246.10 298.90 Td (alue upda) Tj ET Q q 0 0 0 rg BT 286.14 298.90 Td (t) Tj ET Q q 0 0 0 rg BT 289.38 298.90 Td (es ar) Tj ET Q q 0 0 0 rg BT 308.67 298.90 Td (e c) Tj ET Q q 0 0 0 rg BT 320.05 298.90 Td (alcula) Tj ET Q q 0 0 0 rg BT 343.61 298.90 Td (t) Tj ET Q q 0 0 0 rg BT 346.86 298.90 Td (ed using the dir) Tj ET Q q 0 0 0 rg BT 409.77 298.90 Td (ect c) Tj ET Q q 0 0 0 rg BT 428.73 298.90 Td (apit) Tj ET Q q 0 0 0 rg BT 444.30 298.90 Td (aliz) Tj ET Q q 0 0 0 rg BT 457.46 298.90 Td (a) Tj ET Q q 0 0 0 rg BT 462.16 298.90 Td (tion me) Tj ET Q q 0 0 0 rg BT 493.50 298.90 Td (thod.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 280.90 Td (Pr) Tj ET Q q 0 0 0 rg BT 62.49 280.90 Td (operties under) Tj ET Q q 0 0 0 rg BT 122.36 280.90 Td (g) Tj ET Q q 0 0 0 rg BT 127.00 280.90 Td (oing de) Tj ET Q q 0 0 0 rg BT 156.97 280.90 Td (v) Tj ET Q q 0 0 0 rg BT 161.39 280.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 197.31 280.90 Td (t, r) Tj ET Q q 0 0 0 rg BT 208.77 280.90 Td (ede) Tj ET Q q 0 0 0 rg BT 223.93 280.90 Td (v) Tj ET Q q 0 0 0 rg BT 228.35 280.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 264.27 280.90 Td (t or e) Tj ET Q q 0 0 0 rg BT 285.72 280.90 Td (xpansion ar) Tj ET Q q 0 0 0 rg BT 332.49 280.90 Td (e v) Tj ET Q q 0 0 0 rg BT 344.10 280.90 Td (alued using the s) Tj ET Q q 0 0 0 rg BT 412.25 280.90 Td (t) Tj ET Q q 0 0 0 rg BT 415.47 280.90 Td (abiliz) Tj ET Q q 0 0 0 rg BT 436.13 280.90 Td (ed c) Tj ET Q q 0 0 0 rg BT 452.76 280.90 Td (ash flo) Tj ET Q q 0 0 0 rg BT 479.56 280.90 Td (w) Tj ET Q q 0 0 0 rg BT 486.62 280.90 Td (s e) Tj ET Q q 0 0 0 rg BT 497.62 280.90 Td (xpect) Tj ET Q q 0 0 0 rg BT 519.65 280.90 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 268.90 Td (upon c) Tj ET Q q 0 0 0 rg BT 81.44 268.90 Td (omple) Tj ET Q q 0 0 0 rg BT 107.17 268.90 Td (tion, with a deduction f) Tj ET Q q 0 0 0 rg BT 201.70 268.90 Td (or c) Tj ET Q q 0 0 0 rg BT 216.87 268.90 Td (os) Tj ET Q q 0 0 0 rg BT 225.94 268.90 Td (ts t) Tj ET Q q 0 0 0 rg BT 238.71 268.90 Td (o c) Tj ET Q q 0 0 0 rg BT 250.39 268.90 Td (omple) Tj ET Q q 0 0 0 rg BT 276.12 268.90 Td (t) Tj ET Q q 0 0 0 rg BT 279.37 268.90 Td (e the pr) Tj ET Q q 0 0 0 rg BT 311.02 268.90 Td (oject; c) Tj ET Q q 0 0 0 rg BT 340.32 268.90 Td (apit) Tj ET Q q 0 0 0 rg BT 355.89 268.90 Td (aliz) Tj ET Q q 0 0 0 rg BT 369.05 268.90 Td (a) Tj ET Q q 0 0 0 rg BT 373.75 268.90 Td (tion r) Tj ET Q q 0 0 0 rg BT 395.46 268.90 Td (a) Tj ET Q q 0 0 0 rg BT 400.16 268.90 Td (t) Tj ET Q q 0 0 0 rg BT 403.40 268.90 Td (es ar) Tj ET Q q 0 0 0 rg BT 422.70 268.90 Td (e adjus) Tj ET Q q 0 0 0 rg BT 451.42 268.90 Td (t) Tj ET Q q 0 0 0 rg BT 454.66 268.90 Td (ed t) Tj ET Q q 0 0 0 rg BT 470.41 268.90 Td (o r) Tj ET Q q 0 0 0 rg BT 481.29 268.90 Td (e) Tj ET Q q 0 0 0 rg BT 486.18 268.90 Td (flect lease-up ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 256.90 Td (assump) Tj ET Q q 0 0 0 rg BT 85.06 256.90 Td (tions and c) Tj ET Q q 0 0 0 rg BT 129.11 256.90 Td (ons) Tj ET Q q 0 0 0 rg BT 143.44 256.90 Td (truction risk, when appr) Tj ET Q q 0 0 0 rg BT 240.70 256.90 Td (opria) Tj ET Q q 0 0 0 rg BT 261.71 256.90 Td (t) Tj ET Q q 0 0 0 rg BT 264.95 256.90 Td (e. Adjacen) Tj ET Q q 0 0 0 rg BT 307.30 256.90 Td (t land par) Tj ET Q q 0 0 0 rg BT 346.14 256.90 Td (cels held f) Tj ET Q q 0 0 0 rg BT 386.70 256.90 Td (or futur) Tj ET Q q 0 0 0 rg BT 417.98 256.90 Td (e de) Tj ET Q q 0 0 0 rg BT 435.40 256.90 Td (v) Tj ET Q q 0 0 0 rg BT 439.82 256.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 475.74 256.90 Td (t ar) Tj ET Q q 0 0 0 rg BT 489.49 256.90 Td (e v) Tj ET Q q 0 0 0 rg BT 501.10 256.90 Td (alued ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 244.90 Td (based on c) Tj ET Q q 0 0 0 rg BT 97.38 244.90 Td (ompar) Tj ET Q q 0 0 0 rg BT 123.97 244.90 Td (able sales of c) Tj ET Q q 0 0 0 rg BT 180.42 244.90 Td (ommer) Tj ET Q q 0 0 0 rg BT 209.98 244.90 Td (cial land. F) Tj ET Q q 0 0 0 rg BT 252.55 244.90 Td (air v) Tj ET Q q 0 0 0 rg BT 269.76 244.90 Td (alue of pr) Tj ET Q q 0 0 0 rg BT 308.50 244.90 Td (operties under de) Tj ET Q q 0 0 0 rg BT 380.94 244.90 Td (v) Tj ET Q q 0 0 0 rg BT 385.36 244.90 Td (elopmen) Tj ET Q q 0 0 0 rg BT 421.29 244.90 Td (t includes a deduction f) Tj ET Q q 0 0 0 rg BT 515.91 244.90 Td (or c) Tj ET Q q 0 0 0 rg BT 531.08 244.90 Td (os) Tj ET Q q 0 0 0 rg BT 540.15 244.90 Td (ts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 232.90 Td (t) Tj ET Q q 0 0 0 rg BT 57.25 232.90 Td (o c) Tj ET Q q 0 0 0 rg BT 68.93 232.90 Td (omple) Tj ET Q q 0 0 0 rg BT 94.66 232.90 Td (t) Tj ET Q q 0 0 0 rg BT 97.91 232.90 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 115.73 232.90 Td ($196.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 173.55 232.90 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 214.90 Td (During the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.25 214.90 Td (thr) Tj ET Q q 0 0 0 rg BT 111.21 214.90 Td (ee mon) Tj ET Q q 0 0 0 rg BT 141.84 214.90 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 201.27 214.90 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.18 214.90 Td (, appr) Tj ET Q q 0 0 0 rg BT 271.56 214.90 Td (o) Tj ET Q q 0 0 0 rg BT 276.64 214.90 Td (xima) Tj ET Q q 0 0 0 rg BT 295.95 214.90 Td (t) Tj ET Q q 0 0 0 rg BT 299.19 214.90 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.25 214.90 Td (5%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 325.46 214.90 Td ( of the t) Tj ET Q q 0 0 0 rg BT 357.40 214.90 Td (ot) Tj ET Q q 0 0 0 rg BT 365.90 214.90 Td (al f) Tj ET Q q 0 0 0 rg BT 378.11 214.90 Td (air v) Tj ET Q q 0 0 0 rg BT 395.31 214.90 Td (alue of shopping cen) Tj ET Q q 0 0 0 rg BT 479.30 214.90 Td (tr) Tj ET Q q 0 0 0 rg BT 486.00 214.90 Td (es w) Tj ET Q q 0 0 0 rg BT 504.19 214.90 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 202.90 Td (de) Tj ET Q q 0 0 0 rg BT 64.18 202.90 Td (t) Tj ET Q q 0 0 0 rg BT 67.42 202.90 Td (ermined thr) Tj ET Q q 0 0 0 rg BT 115.84 202.90 Td (ough e) Tj ET Q q 0 0 0 rg BT 143.41 202.90 Td (x) Tj ET Q q 0 0 0 rg BT 147.77 202.90 Td (t) Tj ET Q q 0 0 0 rg BT 151.01 202.90 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 192.65 202.90 Td (aisals \(y) Tj ET Q q 0 0 0 rg BT 224.34 202.90 Td (ear ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 267.83 202.90 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.29 202.90 Td ( appr) Tj ET Q q 0 0 0 rg BT 375.42 202.90 Td (o) Tj ET Q q 0 0 0 rg BT 380.49 202.90 Td (xima) Tj ET Q q 0 0 0 rg BT 399.81 202.90 Td (t) Tj ET Q q 0 0 0 rg BT 403.05 202.90 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 417.11 202.90 Td (16%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 434.39 202.90 Td (\) and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 459.50 202.90 Td (nil) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.35 202.90 Td ( w) Tj ET Q q 0 0 0 rg BT 478.64 202.90 Td (as de) Tj ET Q q 0 0 0 rg BT 499.78 202.90 Td (t) Tj ET Q q 0 0 0 rg BT 503.02 202.90 Td (ermined ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 190.90 Td (thr) Tj ET Q q 0 0 0 rg BT 65.93 190.90 Td (ough in) Tj ET Q q 0 0 0 rg BT 96.13 190.90 Td (t) Tj ET Q q 0 0 0 rg BT 99.38 190.90 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 141.02 190.90 Td (aisals \(y) Tj ET Q q 0 0 0 rg BT 172.71 190.90 Td (ear ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 216.19 190.90 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 295.66 190.90 Td ( appr) Tj ET Q q 0 0 0 rg BT 323.78 190.90 Td (o) Tj ET Q q 0 0 0 rg BT 328.86 190.90 Td (xima) Tj ET Q q 0 0 0 rg BT 348.17 190.90 Td (t) Tj ET Q q 0 0 0 rg BT 351.41 190.90 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.47 190.90 Td (10%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.75 190.90 Td (\). ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (17) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 694.50 Td (The v) Tj ET Q q 0 0 0 rg BT 75.73 694.50 Td (alues of the Compan) Tj ET Q q 0 0 0 rg BT 159.35 694.50 Td (y) Tj ET Q q 0 0 0 rg BT 164.18 694.50 Td () Tj ET Q q 0 0 0 rg BT 166.07 694.50 Td (s pr) Tj ET Q q 0 0 0 rg BT 180.82 694.50 Td (oportiona) Tj ET Q q 0 0 0 rg BT 220.97 694.50 Td (t) Tj ET Q q 0 0 0 rg BT 224.21 694.50 Td (e in) Tj ET Q q 0 0 0 rg BT 238.91 694.50 Td (t) Tj ET Q q 0 0 0 rg BT 242.15 694.50 Td (er) Tj ET Q q 0 0 0 rg BT 250.48 694.50 Td (es) Tj ET Q q 0 0 0 rg BT 259.25 694.50 Td (t in its shopping cen) Tj ET Q q 0 0 0 rg BT 340.32 694.50 Td (tr) Tj ET Q q 0 0 0 rg BT 347.02 694.50 Td (es and associa) Tj ET Q q 0 0 0 rg BT 404.83 694.50 Td (t) Tj ET Q q 0 0 0 rg BT 408.08 694.50 Td (ed c) Tj ET Q q 0 0 0 rg BT 424.71 694.50 Td (apit) Tj ET Q q 0 0 0 rg BT 440.28 694.50 Td (aliz) Tj ET Q q 0 0 0 rg BT 453.44 694.50 Td (a) Tj ET Q q 0 0 0 rg BT 458.14 694.50 Td (tion r) Tj ET Q q 0 0 0 rg BT 479.85 694.50 Td (a) Tj ET Q q 0 0 0 rg BT 484.55 694.50 Td (t) Tj ET Q q 0 0 0 rg BT 487.79 694.50 Td (es b) Tj ET Q q 0 0 0 rg BT 504.15 694.50 Td (y r) Tj ET Q q 0 0 0 rg BT 514.29 694.50 Td (egion ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 682.50 Td (ar) Tj ET Q q 0 0 0 rg BT 62.14 682.50 Td (e as f) Tj ET Q q 0 0 0 rg BT 83.18 682.50 Td (ollo) Tj ET Q q 0 0 0 rg BT 98.28 682.50 Td (w) Tj ET Q q 0 0 0 rg BT 105.34 682.50 Td (s as a) Tj ET Q q 0 0 0 rg BT 127.17 682.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 132.78 682.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 149.46 682.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 196.37 682.50 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 216.19 682.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 295.66 682.50 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 672 m 291.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 657 m 291.5 657 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 672 m 328.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 291.5 657 m 328.5 657 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 672 m 371.5 672 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 672 m 411.5 672 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 672 m 470.5 672 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 672 m 516.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 470.5 657 m 516.5 657 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 672 m 558.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 657 m 371.5 657 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 644 m 371.5 644 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371.5 657 m 411.5 657 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371.5 644 m 411.5 644 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 411.5 657 m 470.5 657 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 411.5 644 m 470.5 644 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.5 657 m 558.5 657 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 470.5 613 m 516.5 613 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.5 613 m 558.5 613 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 613 m 291.5 613 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 291.5 613 m 328.5 613 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 613 m 371.5 613 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371.5 613 m 411.5 613 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 411.5 613 m 470.5 613 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 470.5 613 m 516.5 613 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.5 613 m 558.5 613 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 574 m 291.5 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 291.5 574 m 328.5 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 574 m 371.5 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371.5 574 m 411.5 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 411.5 574 m 470.5 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 470.5 574 m 516.5 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.5 574 m 558.5 574 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 559 m 291.5 559 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 559 m 328.5 559 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 559 m 371.5 559 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 559 m 411.5 559 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 559 m 470.5 559 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 559 m 516.5 559 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 559 m 558.5 559 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 661.50 Td (March 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.90 648.50 Td (Capitalization Rate) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 57.00 617.25 Td (\(millions of dollars, except other data\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 301.15 631.25 Td (Number) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 319.00 624.25 Td (of) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 294.85 617.25 Td (Properties) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 340.00 624.25 Td (Weighted) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 344.60 617.25 Td (Average) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 385.65 617.25 Td (Median) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 449.05 617.25 Td (Range) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 484.50 617.25 Td (Fair Value) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 533.75 617.25 Td (SNOI ) Tj ET Q BT /F2 7.00 Tf ET BT /F2 4.55 Tf ET q 0 0 0 rg BT 549.85 620.59 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 603.75 Td (Central Region) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 316.00 603.75 Td (62) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.30 603.75 Td (5.75) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.40 603.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.30 603.75 Td (5.94) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.40 603.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.90 603.75 Td (5.25%-8.22%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.00 603.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.55 603.75 Td (3,038) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 603.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.45 603.75 Td (168) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 590.75 Td (Eastern Region) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 316.00 590.75 Td (54) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.30 590.75 Td (6.30) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.40 590.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.30 590.75 Td (6.25) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.40 590.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.90 590.75 Td (5.64%-9.00%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.55 590.75 Td (1,707) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.45 590.75 Td (106) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 577.75 Td (Western Region) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 316.00 577.75 Td (48) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.30 577.75 Td (5.73) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.40 577.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.30 577.75 Td (5.75) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.40 577.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.90 577.75 Td (5.00%-7.00%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.55 577.75 Td (2,514) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.45 577.75 Td (142) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.45 563.75 Td (164) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.30 563.75 Td (5.86) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.40 563.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.30 563.75 Td (6.00) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.40 563.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.90 563.75 Td (5.00%-9.00%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.00 563.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.55 563.75 Td (7,259) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 563.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.45 563.75 Td (416) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 537 m 290.5 537 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 522 m 290.5 522 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 537 m 326.5 537 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 290.5 522 m 326.5 522 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 537 m 368.5 537 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326.5 522 m 368.5 522 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 537 m 408.5 537 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 368.5 522 m 408.5 522 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 537 m 467.5 537 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 522 m 467.5 522 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 537 m 514.5 537 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.5 522 m 514.5 522 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 537 m 558.5 537 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 522 m 558.5 522 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326.5 509 m 368.5 509 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 368.5 509 m 408.5 509 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 509 m 467.5 509 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 478 m 290.5 478 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.5 478 m 514.5 478 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 478 m 558.5 478 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 478 m 290.5 478 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 290.5 478 m 326.5 478 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326.5 478 m 368.5 478 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 368.5 478 m 408.5 478 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 478 m 467.5 478 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.5 478 m 514.5 478 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 439 m 290.5 439 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 290.5 439 m 326.5 439 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 439 m 558.5 439 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 424 m 290.5 424 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 290.5 439 m 326.5 439 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 424 m 326.5 424 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326.5 439 m 368.5 439 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 424 m 368.5 424 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 368.5 439 m 408.5 439 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 424 m 408.5 424 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 439 m 467.5 439 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 424 m 467.5 424 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.5 439 m 514.5 439 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 424 m 514.5 424 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 439 m 558.5 439 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 424 m 558.5 424 l s BT /F3 7.00 Tf ET q 0 0 0 rg BT 57.00 526.25 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.25 513.50 Td (Capitalization Rate) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 57.00 482.25 Td (\(millions of dollars, except other data\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 299.60 496.25 Td (Number) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 317.15 489.25 Td (of) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 293.55 482.25 Td (Properties) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 337.60 489.25 Td (Weighted) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 342.10 482.25 Td (Average) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 383.20 482.25 Td (Median) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 446.40 482.25 Td (Range) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 483.25 482.25 Td (Fair Value) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 534.20 482.25 Td (SNOI ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 549.92 485.59 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 468.75 Td (Central Region) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.10 468.75 Td (62) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.55 468.75 Td (5.75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.55 468.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.55 468.75 Td (5.96) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.55 468.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.45 468.75 Td (5.25%-8.22%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.00 468.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.75 468.75 Td (3,022) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.00 468.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 468.75 Td (167) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 455.75 Td (Eastern Region) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.10 455.75 Td (55) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.55 455.75 Td (6.31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.55 455.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.55 455.75 Td (6.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.55 455.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.45 455.75 Td (5.64%-9.00%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.75 455.75 Td (1,680) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 455.75 Td (104) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 442.75 Td (Western Region) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.10 442.75 Td (47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.55 442.75 Td (5.70) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.55 442.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.55 442.75 Td (5.75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.55 442.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.45 442.75 Td (5.00%-7.25%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.75 442.75 Td (2,473) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 442.75 Td (143) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.55 428.75 Td (164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.55 428.75 Td (5.86) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.55 428.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.55 428.75 Td (6.00) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.55 428.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.45 428.75 Td (5.00%-9.00%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.00 428.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.75 428.75 Td (7,175) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.00 428.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 428.75 Td (414) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 54.00 417.99 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 60.51 413.70 Td ( SNOI is not a measur) Tj ET Q q 0 0 0 rg BT 121.16 413.70 Td (e de) Tj ET Q q 0 0 0 rg BT 133.32 413.70 Td (fined b) Tj ET Q q 0 0 0 rg BT 153.13 413.70 Td (y IFR) Tj ET Q q 0 0 0 rg BT 166.57 413.70 Td (S. SNOI r) Tj ET Q q 0 0 0 rg BT 191.20 413.70 Td (e) Tj ET Q q 0 0 0 rg BT 194.62 413.70 Td (flects long-t) Tj ET Q q 0 0 0 rg BT 228.16 413.70 Td (erm, s) Tj ET Q q 0 0 0 rg BT 245.66 413.70 Td (t) Tj ET Q q 0 0 0 rg BT 247.92 413.70 Td (able pr) Tj ET Q q 0 0 0 rg BT 267.63 413.70 Td (operty oper) Tj ET Q q 0 0 0 rg BT 301.16 413.70 Td (a) Tj ET Q q 0 0 0 rg BT 304.45 413.70 Td (tions, assuming a cert) Tj ET Q q 0 0 0 rg BT 366.18 413.70 Td (ain le) Tj ET Q q 0 0 0 rg BT 381.45 413.70 Td (v) Tj ET Q q 0 0 0 rg BT 384.54 413.70 Td (el of v) Tj ET Q q 0 0 0 rg BT 401.69 413.70 Td (ac) Tj ET Q q 0 0 0 rg BT 407.94 413.70 Td (ancy) Tj ET Q q 0 0 0 rg BT 420.60 413.70 Td (, c) Tj ET Q q 0 0 0 rg BT 426.83 413.70 Td (apit) Tj ET Q q 0 0 0 rg BT 437.73 413.70 Td (al and oper) Tj ET Q q 0 0 0 rg BT 469.71 413.70 Td (a) Tj ET Q q 0 0 0 rg BT 473.00 413.70 Td (ting e) Tj ET Q q 0 0 0 rg BT 488.88 413.70 Td (xpenditur) Tj ET Q q 0 0 0 rg BT 516.41 413.70 Td (es r) Tj ET Q q 0 0 0 rg BT 526.56 413.70 Td (equir) Tj ET Q q 0 0 0 rg BT 541.35 413.70 Td (ed t) Tj ET Q q 0 0 0 rg BT 552.37 413.70 Td (o ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 405.30 Td (main) Tj ET Q q 0 0 0 rg BT 77.16 405.30 Td (t) Tj ET Q q 0 0 0 rg BT 79.42 405.30 Td (ain a s) Tj ET Q q 0 0 0 rg BT 97.24 405.30 Td (t) Tj ET Q q 0 0 0 rg BT 99.50 405.30 Td (able occupancy r) Tj ET Q q 0 0 0 rg BT 147.21 405.30 Td (a) Tj ET Q q 0 0 0 rg BT 150.49 405.30 Td (t) Tj ET Q q 0 0 0 rg BT 152.76 405.30 Td (e. The a) Tj ET Q q 0 0 0 rg BT 174.99 405.30 Td (v) Tj ET Q q 0 0 0 rg BT 178.08 405.30 Td (er) Tj ET Q q 0 0 0 rg BT 183.86 405.30 Td (ag) Tj ET Q q 0 0 0 rg BT 190.45 405.30 Td (e v) Tj ET Q q 0 0 0 rg BT 198.57 405.30 Td (ac) Tj ET Q q 0 0 0 rg BT 204.83 405.30 Td (ancy r) Tj ET Q q 0 0 0 rg BT 221.87 405.30 Td (a) Tj ET Q q 0 0 0 rg BT 225.16 405.30 Td (t) Tj ET Q q 0 0 0 rg BT 227.42 405.30 Td (es used in de) Tj ET Q q 0 0 0 rg BT 264.38 405.30 Td (t) Tj ET Q q 0 0 0 rg BT 266.65 405.30 Td (ermining SNOI f) Tj ET Q q 0 0 0 rg BT 311.31 405.30 Td (or non-anchor t) Tj ET Q q 0 0 0 rg BT 355.87 405.30 Td (enan) Tj ET Q q 0 0 0 rg BT 370.00 405.30 Td (ts g) Tj ET Q q 0 0 0 rg BT 379.90 405.30 Td (ener) Tj ET Q q 0 0 0 rg BT 392.84 405.30 Td (ally r) Tj ET Q q 0 0 0 rg BT 406.45 405.30 Td (ang) Tj ET Q q 0 0 0 rg BT 416.72 405.30 Td (e fr) Tj ET Q q 0 0 0 rg BT 426.25 405.30 Td (om 2% t) Tj ET Q q 0 0 0 rg BT 449.52 405.30 Td (o 5%. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 387.30 Td (The sensitivity of the f) Tj ET Q q 0 0 0 rg BT 143.58 387.30 Td (air v) Tj ET Q q 0 0 0 rg BT 160.79 387.30 Td (alues of shopping cen) Tj ET Q q 0 0 0 rg BT 248.69 387.30 Td (tr) Tj ET Q q 0 0 0 rg BT 255.39 387.30 Td (es t) Tj ET Q q 0 0 0 rg BT 269.79 387.30 Td (o c) Tj ET Q q 0 0 0 rg BT 281.47 387.30 Td (apit) Tj ET Q q 0 0 0 rg BT 297.04 387.30 Td (aliz) Tj ET Q q 0 0 0 rg BT 310.20 387.30 Td (a) Tj ET Q q 0 0 0 rg BT 314.90 387.30 Td (tion r) Tj ET Q q 0 0 0 rg BT 336.61 387.30 Td (a) Tj ET Q q 0 0 0 rg BT 341.31 387.30 Td (t) Tj ET Q q 0 0 0 rg BT 344.55 387.30 Td (es as a) Tj ET Q q 0 0 0 rg BT 371.36 387.30 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.97 387.30 Td (Mar) Tj ET Q q 0 0 0 rg BT 393.65 387.30 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.56 387.30 Td ( is se) Tj ET Q q 0 0 0 rg BT 460.12 387.30 Td (t out in the t) Tj ET Q q 0 0 0 rg BT 510.74 387.30 Td (able ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 375.30 Td (belo) Tj ET Q q 0 0 0 rg BT 71.76 375.30 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55 364.79999999999995 m 400 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 55 343.79999999999995 m 400 343.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 364.79999999999995 m 505 364.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 364.79999999999995 m 553 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 55 343.79999999999995 m 400 343.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 55 328.79999999999995 m 400 328.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400 343.79999999999995 m 505 343.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400 328.79999999999995 m 505 328.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505 343.79999999999995 m 553 343.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505 328.79999999999995 m 553 328.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 55 328.79999999999995 m 400 328.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400 328.79999999999995 m 505 328.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505 328.79999999999995 m 553 328.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55 248.79999999999995 m 400 248.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 248.79999999999995 m 505 248.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 248.79999999999995 m 553 248.79999999999995 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.50 348.30 Td (Capitalization rate) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.95 355.30 Td (R) Tj ET Q q 0 0 0 rg BT 459.15 355.30 Td (esulting incr) Tj ET Q q 0 0 0 rg BT 498.70 355.30 Td (ease \(decr) Tj ET Q q 0 0 0 rg BT 532.11 355.30 Td (ease\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.45 347.30 Td (in v) Tj ET Q q 0 0 0 rg BT 469.79 347.30 Td (alue of shopping cen) Tj ET Q q 0 0 0 rg BT 536.99 347.30 Td (tr) Tj ET Q q 0 0 0 rg BT 542.35 347.30 Td (es) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.50 333.55 Td (\(Decrease\) increase) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 495.35 333.05 Td (\(millions of dollars\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.50 318.55 Td (\(0.75\)%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.50 319.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.05 319.55 Td (982) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.50 305.55 Td (\(0.50\)%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.50 306.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.05 306.55 Td (624) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.50 292.55 Td (\(0.25\)%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.50 293.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.05 293.55 Td (298) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.50 279.55 Td (0.25%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.50 280.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.30 280.55 Td (\(274) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.75 280.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.50 266.55 Td (0.50%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.50 267.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.30 267.55 Td (\(526) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.75 267.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.50 253.55 Td (0.75%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.50 253.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.30 253.55 Td (\(760) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.75 253.55 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 54.00 224.20 Td (De) Tj ET Q q 0 0 0 rg BT 66.25 224.20 Td (velopmen) Tj ET Q q 0 0 0 rg BT 111.06 224.20 Td (t Land V) Tj ET Q q 0 0 0 rg BT 147.88 224.20 Td (aluation Me) Tj ET Q q 0 0 0 rg BT 203.54 224.20 Td (thod) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 209.20 Td (The primar) Tj ET Q q 0 0 0 rg BT 98.71 209.20 Td (y me) Tj ET Q q 0 0 0 rg BT 118.41 209.20 Td (thod of appr) Tj ET Q q 0 0 0 rg BT 168.97 209.20 Td (aisal f) Tj ET Q q 0 0 0 rg BT 192.15 209.20 Td (or de) Tj ET Q q 0 0 0 rg BT 213.35 209.20 Td (v) Tj ET Q q 0 0 0 rg BT 217.77 209.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 253.69 209.20 Td (t land is the c) Tj ET Q q 0 0 0 rg BT 307.61 209.20 Td (ompar) Tj ET Q q 0 0 0 rg BT 334.20 209.20 Td (able sales appr) Tj ET Q q 0 0 0 rg BT 394.54 209.20 Td (oach, which c) Tj ET Q q 0 0 0 rg BT 449.42 209.20 Td (onsider) Tj ET Q q 0 0 0 rg BT 479.70 209.20 Td (s r) Tj ET Q q 0 0 0 rg BT 489.23 209.20 Td (ecen) Tj ET Q q 0 0 0 rg BT 508.57 209.20 Td (t sales ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 197.20 Td (activity f) Tj ET Q q 0 0 0 rg BT 88.45 197.20 Td (or similar land par) Tj ET Q q 0 0 0 rg BT 162.03 197.20 Td (cels in the same or similar mark) Tj ET Q q 0 0 0 rg BT 290.11 197.20 Td (e) Tj ET Q q 0 0 0 rg BT 295.03 197.20 Td (ts t) Tj ET Q q 0 0 0 rg BT 307.80 197.20 Td (o es) Tj ET Q q 0 0 0 rg BT 324.11 197.20 Td (tima) Tj ET Q q 0 0 0 rg BT 342.44 197.20 Td (t) Tj ET Q q 0 0 0 rg BT 345.68 197.20 Td (e a v) Tj ET Q q 0 0 0 rg BT 364.34 197.20 Td (alue on either a per acr) Tj ET Q q 0 0 0 rg BT 458.70 197.20 Td (e basis or on a basis ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 185.20 Td (of per squar) Tj ET Q q 0 0 0 rg BT 103.13 185.20 Td (e f) Tj ET Q q 0 0 0 rg BT 113.20 185.20 Td (oot buildable. Such v) Tj ET Q q 0 0 0 rg BT 197.77 185.20 Td (alues ar) Tj ET Q q 0 0 0 rg BT 229.41 185.20 Td (e applied t) Tj ET Q q 0 0 0 rg BT 272.27 185.20 Td (o the Compan) Tj ET Q q 0 0 0 rg BT 329.35 185.20 Td (y) Tj ET Q q 0 0 0 rg BT 334.18 185.20 Td () Tj ET Q q 0 0 0 rg BT 336.07 185.20 Td (s pr) Tj ET Q q 0 0 0 rg BT 350.82 185.20 Td (operties a) Tj ET Q q 0 0 0 rg BT 391.33 185.20 Td (ft) Tj ET Q q 0 0 0 rg BT 397.62 185.20 Td (er adjus) Tj ET Q q 0 0 0 rg BT 429.83 185.20 Td (ting f) Tj ET Q q 0 0 0 rg BT 450.54 185.20 Td (or f) Tj ET Q q 0 0 0 rg BT 464.42 185.20 Td (act) Tj ET Q q 0 0 0 rg BT 476.69 185.20 Td (or) Tj ET Q q 0 0 0 rg BT 485.28 185.20 Td (s specific t) Tj ET Q q 0 0 0 rg BT 527.20 185.20 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 173.20 Td (sit) Tj ET Q q 0 0 0 rg BT 63.45 173.20 Td (e, including its loc) Tj ET Q q 0 0 0 rg BT 135.81 173.20 Td (a) Tj ET Q q 0 0 0 rg BT 140.50 173.20 Td (tion, z) Tj ET Q q 0 0 0 rg BT 165.16 173.20 Td (oning) Tj ET Q q 0 0 0 rg BT 188.06 173.20 Td (, ser) Tj ET Q q 0 0 0 rg BT 205.28 173.20 Td (vicing and c) Tj ET Q q 0 0 0 rg BT 252.54 173.20 Td (on) Tj ET Q q 0 0 0 rg BT 263.01 173.20 Td (figur) Tj ET Q q 0 0 0 rg BT 281.60 173.20 Td (a) Tj ET Q q 0 0 0 rg BT 286.29 173.20 Td (tion. During the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.76 173.20 Td (thr) Tj ET Q q 0 0 0 rg BT 366.72 173.20 Td (ee mon) Tj ET Q q 0 0 0 rg BT 397.35 173.20 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 456.78 173.20 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 503.69 173.20 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 508.45 173.20 Td (nil) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 518.29 173.20 Td ( \(y) Tj ET Q q 0 0 0 rg BT 527.99 173.20 Td (ear ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 161.20 Td (ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.97 161.20 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 161.44 161.20 Td ( appr) Tj ET Q q 0 0 0 rg BT 189.56 161.20 Td (o) Tj ET Q q 0 0 0 rg BT 194.64 161.20 Td (xima) Tj ET Q q 0 0 0 rg BT 213.95 161.20 Td (t) Tj ET Q q 0 0 0 rg BT 217.19 161.20 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 231.25 161.20 Td (17%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.54 161.20 Td (\) of the t) Tj ET Q q 0 0 0 rg BT 283.51 161.20 Td (ot) Tj ET Q q 0 0 0 rg BT 292.01 161.20 Td (al f) Tj ET Q q 0 0 0 rg BT 304.21 161.20 Td (air v) Tj ET Q q 0 0 0 rg BT 321.41 161.20 Td (alue of de) Tj ET Q q 0 0 0 rg BT 361.75 161.20 Td (v) Tj ET Q q 0 0 0 rg BT 366.17 161.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 402.10 161.20 Td (t land w) Tj ET Q q 0 0 0 rg BT 434.60 161.20 Td (as de) Tj ET Q q 0 0 0 rg BT 455.73 161.20 Td (t) Tj ET Q q 0 0 0 rg BT 458.98 161.20 Td (ermined thr) Tj ET Q q 0 0 0 rg BT 507.39 161.20 Td (ough ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 149.20 Td (e) Tj ET Q q 0 0 0 rg BT 58.82 149.20 Td (x) Tj ET Q q 0 0 0 rg BT 63.18 149.20 Td (t) Tj ET Q q 0 0 0 rg BT 66.43 149.20 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 108.07 149.20 Td (aisals. ) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (18) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.00 Td (In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.47 693.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.04 693.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.73 693.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.02 693.00 Td (t Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.40 693.00 Td (operties Shopping Cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.88 693.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.18 693.00 Td (es) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 678.00 Td (A c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.19 678.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.63 678.00 Td (tinuity of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.34 678.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.17 678.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.06 678.00 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.81 678.00 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.96 678.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.21 678.00 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.90 678.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.14 678.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.47 678.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.25 678.00 Td (t in in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.05 678.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.47 678.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.24 678.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.72 678.00 Td (ts in its shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.69 678.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.40 678.00 Td (e acquisitions, dispositions, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 666.00 Td (de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.18 666.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.60 666.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.52 666.00 Td (t and portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.90 666.00 Td (olio impr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.16 666.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.39 666.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.80 666.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.91 666.00 Td (t activities is summariz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.69 666.00 Td (ed belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.94 666.00 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 655.5 m 316.5 655.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 640.5 m 316.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 655.5 m 376.5 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 655.5 m 436.5 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 655.5 m 496.5 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 655.5 m 556.5 655.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 640.5 m 316.5 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 625.5 m 316.5 625.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 316.5 640.5 m 376.5 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 316.5 625.5 m 376.5 625.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 640.5 m 436.5 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 625.5 m 436.5 625.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 640.5 m 496.5 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 625.5 m 496.5 625.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 640.5 m 556.5 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 625.5 m 556.5 625.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 495.5 m 316.5 495.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 316.5 495.5 m 376.5 495.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 495.5 m 436.5 495.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 495.5 m 496.5 495.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 495.5 m 556.5 495.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 469.5 m 316.5 469.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 316.5 469.5 m 376.5 469.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 469.5 m 436.5 469.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 469.5 m 496.5 469.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 469.5 m 556.5 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 454.5 m 316.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 454.5 m 376.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 454.5 m 436.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 454.5 m 496.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 454.5 m 556.5 454.5 l s BT /F4 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 647.00 Td (Three months ended March 31) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 416.75 645.00 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.75 645.00 Td (2013) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 630.00 Td (\(millions of dollars\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 340.45 630.00 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.55 630.00 Td (Cost) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.30 630.00 Td (Fair Value) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 630.00 Td (Cost) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 616.25 Td (Balance at beginning of period) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 319.00 616.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.55 616.25 Td (7,126) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.00 616.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.55 616.25 Td (5,963) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 616.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.75 616.25 Td (6,849) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.00 616.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.75 616.25 Td (5,732) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 603.25 Td (Acquisitions) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 590.25 Td (Shopping centres) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 364.00 590.25 Td (37) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 590.25 Td (37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.10 590.25 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.10 590.25 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 577.25 Td (Additional space adjacent to existing properties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 577.25 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 577.25 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.10 577.25 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.10 577.25 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 564.25 Td (Additional land parcels adjacent to existing properties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.55 564.25 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.55 564.25 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.65 564.25 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.65 564.25 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 551.25 Td (Development activities and portfolio improvements) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 551.25 Td (39) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 551.25 Td (39) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.10 551.25 Td (59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.10 551.25 Td (59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 538.25 Td (Reclassifications from development land) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.00 538.25 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 538.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.65 538.25 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.65 538.25 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 525.25 Td (Fair value increase \(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.75 525.25 Td (\(5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.15 525.25 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 525.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.10 525.25 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.10 525.25 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 512.25 Td (Dispositions) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 365.75 512.25 Td (\(4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.15 512.25 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.75 512.25 Td (\(3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.15 512.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.35 512.25 Td (\(26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.25 512.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.35 512.25 Td (\(23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.25 512.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 499.25 Td (Other changes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.00 499.25 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.75 499.25 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.15 499.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.65 499.25 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.10 499.25 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 487.25 Td (Balance at end of period) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 319.00 486.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.55 486.25 Td (7,210) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.00 486.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.55 486.25 Td (6,052) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 486.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.75 486.25 Td (6,941) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.00 486.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.75 486.25 Td (5,810) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 473.25 Td (Investment in joint venture shopping centres) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 364.00 473.25 Td (49) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 473.25 Td (40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.10 473.25 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.10 473.25 Td (40) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 459.25 Td (Proportionate interest end of period) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 319.00 459.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.55 459.25 Td (7,259) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.00 459.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.55 459.25 Td (6,092) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 459.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.75 459.25 Td (6,990) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.00 459.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.75 459.25 Td (5,850) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 419.60 Td (In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.47 419.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.04 419.60 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.73 419.60 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.02 419.60 Td (t Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.40 419.60 Td (operties De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.48 419.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.05 419.60 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.06 419.60 Td (t Land) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 404.60 Td (A c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.19 404.60 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.63 404.60 Td (tinuity of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.34 404.60 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.17 404.60 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.06 404.60 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.81 404.60 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.96 404.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.21 404.60 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.90 404.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.14 404.60 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.47 404.60 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.25 404.60 Td (t in in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.05 404.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.47 404.60 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.24 404.60 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.72 404.60 Td (ts in its de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.04 404.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.46 404.60 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.39 404.60 Td (t land acquisitions, dispositions and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 392.60 Td (de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.18 392.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.60 392.60 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.52 392.60 Td (t activities is summariz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.30 392.60 Td (ed belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.55 392.60 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 382.1 m 314.5 382.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 367.1 m 314.5 367.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 382.1 m 374.5 382.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 382.1 m 434.5 382.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374.5 367.1 m 434.5 367.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 382.1 m 494.5 382.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 367.1 m 494.5 367.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 382.1 m 554.5 382.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 367.1 m 554.5 367.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 367.1 m 314.5 367.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 352.1 m 314.5 352.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 367.1 m 374.5 367.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 352.1 m 374.5 352.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374.5 367.1 m 434.5 367.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374.5 352.1 m 434.5 352.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 367.1 m 494.5 367.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 352.1 m 494.5 352.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 367.1 m 554.5 367.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 352.1 m 554.5 352.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 261.1 m 314.5 261.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 261.1 m 374.5 261.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374.5 261.1 m 434.5 261.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 261.1 m 494.5 261.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 261.1 m 554.5 261.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 246.10000000000002 m 314.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 246.10000000000002 m 374.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 246.10000000000002 m 434.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 246.10000000000002 m 494.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 246.10000000000002 m 554.5 246.10000000000002 l s BT /F4 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 371.60 Td (Three months ended March 31) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 414.75 371.60 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.75 371.60 Td (2013) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 356.60 Td (\(millions of dollars\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 338.45 356.60 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.55 356.60 Td (Cost) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.30 356.60 Td (Fair Value) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 536.75 356.60 Td (Cost) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 342.85 Td (Balance at beginning of period) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 317.00 342.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 357.45 342.85 Td (166) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.00 342.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.45 342.85 Td (161) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.00 342.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.55 342.85 Td (127) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.00 342.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.55 342.85 Td (123) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 329.85 Td (Acquisitions) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 366.55 329.85 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.55 329.85 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.10 329.85 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.10 329.85 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 316.85 Td (Development activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.55 316.85 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.55 316.85 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.65 316.85 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.65 316.85 Td (3) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 303.85 Td (Dispositions) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 363.00 303.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 303.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.95 303.85 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.25 303.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 303.85 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.25 303.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 290.85 Td (Reclassifications to shopping centres) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 363.00 290.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 290.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.95 290.85 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.25 290.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 290.85 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.25 290.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 277.85 Td (Fair value increase \(decrease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.75 277.85 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.15 277.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 277.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.10 277.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.10 277.85 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 264.85 Td (Other) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 363.75 264.85 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.15 264.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 264.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.10 264.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.10 264.85 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 250.85 Td (Balance at end of period) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 317.00 250.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 357.45 250.85 Td (171) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.00 250.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.45 250.85 Td (168) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.00 250.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.55 250.85 Td (137) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.00 250.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.55 250.85 Td (134) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (19) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.00 Td (2014) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.33 693.00 Td ( Acquisitions) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 678.00 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.36 678.00 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.64 678.00 Td ( acquisitions ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.41 678.00 Td (e in line with the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.39 678.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.22 678.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.11 678.00 Td (s business s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.10 678.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.73 678.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.43 678.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.67 678.00 Td (egy based on their loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.71 678.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.41 678.00 Td (tions, t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.49 678.00 Td (enancies and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 666.00 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 666.00 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.51 666.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.93 666.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.85 666.00 Td (t, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.31 666.00 Td (epositioning or e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.55 666.00 Td (xpansion opportunities.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 648.00 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.98 648.00 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.49 648.00 Td (al acquisitions of in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.17 648.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.59 648.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.36 648.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.84 648.00 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.03 648.00 Td (operties, which include shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.39 648.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.09 648.00 Td (es, additional space and adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.42 648.00 Td (t lands and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 636.00 Td (de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.18 636.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.60 636.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.52 636.00 Td (t lands, amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.86 636.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.10 636.00 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.84 636.00 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.38 636.00 Td ($57.1 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.13 636.00 Td (, adding ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.70 636.00 Td (0.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.32 636.00 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.14 636.00 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.18 636.00 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.08 636.00 Td (t of gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.31 636.00 Td (oss leasable ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.36 636.00 Td (ea and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.94 636.00 Td (0.8) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.60 636.00 Td ( acr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 506.24 636.00 Td (es of land ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 624.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.84 624.00 Td (or futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.13 624.00 Td (e de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.54 624.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.96 624.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.88 624.00 Td (t.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 606.00 Td (Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.01 606.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.11 606.00 Td (t will c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.16 606.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.59 606.00 Td (tinue t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.23 606.00 Td (o be selectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.71 606.00 Td (e and t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.73 606.00 Td (ak) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.74 606.00 Td (e a highly disciplined appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.82 606.00 Td (oach t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.88 606.00 Td (o incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.54 606.00 Td (easing the siz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.51 606.00 Td (e and quality of the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 594.00 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.71 594.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.54 594.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.42 594.00 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.17 594.00 Td (operty portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.50 594.00 Td (olio) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.46 594.00 Td (, seeking acquisitions tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.81 594.00 Td (t ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.57 594.00 Td (e oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.59 594.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.28 594.00 Td (tionally) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.65 594.00 Td (, financially and qualit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.41 594.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.11 594.00 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.17 594.00 Td (ely accr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.83 594.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.75 594.00 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.82 594.00 Td (e o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.28 594.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.70 594.00 Td (er the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 582.00 Td (long t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.03 582.00 Td (erm. Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.28 582.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.38 582.00 Td (t look) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.28 582.00 Td (s f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.29 582.00 Td (or bene) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.69 582.00 Td (fits fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.93 582.00 Td (om ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.58 582.00 Td (onomies of sc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.45 582.00 Td (ale and oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.11 582.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.81 582.00 Td (ting s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.41 582.00 Td (yner) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.51 582.00 Td (gies in or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.09 582.00 Td (der t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.32 582.00 Td (o s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.66 582.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.36 582.00 Td (eng) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.15 582.00 Td (then the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 570.00 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.71 570.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.54 570.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.42 570.00 Td (s c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.74 570.00 Td (ompe) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.17 570.00 Td (titiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.88 570.00 Td (e position in its t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.14 570.00 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.28 570.00 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.90 570.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.82 570.00 Td (t urban mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.22 570.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.14 570.00 Td (ts. As w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.21 570.00 Td (ell, Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.54 570.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.64 570.00 Td (t seek) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.56 570.00 Td (s t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.99 570.00 Td (o enhance the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.60 570.00 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.78 570.00 Td (t and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 558.00 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.62 558.00 Td (eogr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.86 558.00 Td (aphic div) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.91 558.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.20 558.00 Td (sific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.90 558.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.60 558.00 Td (tion of the portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.66 558.00 Td (olio.) Tj ET Q BT /F6 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 532.90 Td (Shopping Cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.93 532.90 Td (tres) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 517.90 Td (In the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.87 517.90 Td (fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.54 517.90 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.33 517.90 Td (t quart) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.97 517.90 Td (er) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.43 517.90 Td ( of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.28 517.90 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.55 517.90 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.86 517.90 Td (y in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.03 517.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.44 517.90 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.22 517.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.46 517.90 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.95 517.90 Td ($36.7 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.71 517.90 Td ( in the acquisition of a 50% in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.71 517.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.96 517.90 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.29 517.90 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.06 517.90 Td (t in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.48 517.90 Td (one) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.98 517.90 Td ( shopping ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 505.90 Td (cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.37 505.90 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.07 505.90 Td (e, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.95 505.90 Td (omprising ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.67 505.90 Td (128,000) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.58 505.90 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.40 505.90 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.44 505.90 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.34 505.90 Td (t. The acquisition w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.33 505.90 Td (as in a ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.33 505.90 Td (w tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.37 505.90 Td (ade ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.80 505.90 Td (ea in the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.18 505.90 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.01 505.90 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.89 505.90 Td (s t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.29 505.90 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.43 505.90 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.06 505.90 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.98 505.90 Td (t urban mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 525.38 505.90 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.30 505.90 Td (ts ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 493.90 Td (and demons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.10 493.90 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.73 493.90 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.43 493.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.67 493.90 Td (es the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.37 493.90 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.20 493.90 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.08 493.90 Td (s c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.40 493.90 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.83 493.90 Td (tinuing f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.34 493.90 Td (ocus on acquiring w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.94 493.90 Td (ell-loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.28 493.90 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.98 493.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.22 493.90 Td (ed, high quality urban r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.66 493.90 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.58 493.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.81 493.90 Td (ail-cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.61 493.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.86 493.90 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.19 493.90 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 481.90 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 481.90 Td (operties. The acquisition is summariz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.61 481.90 Td (ed in the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.98 481.90 Td (able belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.31 481.90 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 471.4 m 182.5 471.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 435.4 m 182.5 435.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 471.4 m 229.5 471.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 182.5 435.4 m 229.5 435.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 471.4 m 263.5 471.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 435.4 m 263.5 435.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 471.4 m 298.5 471.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263.5 435.4 m 298.5 435.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 471.4 m 343.5 471.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 435.4 m 343.5 435.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 471.4 m 393.5 471.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 343.5 435.4 m 393.5 435.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 471.4 m 440.5 471.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393.5 435.4 m 440.5 435.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 471.4 m 487.5 471.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 435.4 m 487.5 435.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 471.4 m 534.5 471.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 435.4 m 534.5 435.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534.5 471.4 m 549.5 471.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 534.5 435.4 m 549.5 435.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 402.4 m 182.5 402.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 402.4 m 229.5 402.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 402.4 m 263.5 402.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 402.4 m 298.5 402.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 402.4 m 343.5 402.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 402.4 m 393.5 402.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 402.4 m 440.5 402.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 402.4 m 487.5 402.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 402.4 m 534.5 402.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534.5 402.4 m 549.5 402.4 l s BT /F3 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 439.77 Td (Pr) Tj ET Q q 0 0 0 rg BT 63.37 439.77 Td (operty Name) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 185.00 439.77 Td (City) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 233.75 439.77 Td (Province) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 271.00 447.27 Td (Quart) Tj ET Q q 0 0 0 rg BT 288.63 447.27 Td (er) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 267.65 439.77 Td (Acquir) Tj ET Q q 0 0 0 rg BT 287.28 439.77 Td (ed) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 326.10 447.27 Td (Ne) Tj ET Q q 0 0 0 rg BT 334.64 447.27 Td (w) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 307.20 439.77 Td (T) Tj ET Q q 0 0 0 rg BT 310.39 439.77 Td (r) Tj ET Q q 0 0 0 rg BT 312.85 439.77 Td (ade Ar) Tj ET Q q 0 0 0 rg BT 332.67 439.77 Td (ea) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 348.65 447.27 Td (Supermark) Tj ET Q q 0 0 0 rg BT 381.69 447.27 Td (e) Tj ET Q q 0 0 0 rg BT 385.38 447.27 Td (t) Tj ET Q q 0 0 0 rg BT 387.66 447.27 Td (-) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 360.45 439.77 Td (Anchor) Tj ET Q q 0 0 0 rg BT 382.31 439.77 Td (ed) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 404.50 447.27 Td (Drugstore-) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 407.45 439.77 Td (Anchored) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 466.95 462.27 Td (Gross) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 457.60 454.77 Td (Leasable) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 445.15 447.27 Td (Area \(square) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 469.65 439.77 Td (feet\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 497.10 454.77 Td (Acquisition ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 517.65 447.27 Td (Cos) Tj ET Q q 0 0 0 rg BT 528.45 447.27 Td (t) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 495.35 439.77 Td (\(in millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 425.15 Td (Western Region) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 407.15 Td (Seton Gateway) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 185.00 407.15 Td (Calgary) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.90 407.15 Td (AB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 275.15 407.15 Td (Q1) Tj ET Q /GS0 gs q 7.07 0 0 8.78 316.95 404.92 cm /I5 Do Q /GS0 gs q 7.07 0 0 8.78 364.45 404.92 cm /I6 Do Q /GS0 gs q 7.07 0 0 8.78 412.95 404.92 cm /I7 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.60 407.15 Td (128,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 407.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.25 407.15 Td (36.7) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 537.00 415.06 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 394.84 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 391.50 Td ( The acquisition c) Tj ET Q q 0 0 0 rg BT 108.23 391.50 Td (os) Tj ET Q q 0 0 0 rg BT 114.58 391.50 Td (t is a) Tj ET Q q 0 0 0 rg BT 127.72 391.50 Td (t the Compan) Tj ET Q q 0 0 0 rg BT 166.33 391.50 Td (y) Tj ET Q q 0 0 0 rg BT 169.71 391.50 Td () Tj ET Q q 0 0 0 rg BT 171.03 391.50 Td (s 50% o) Tj ET Q q 0 0 0 rg BT 192.69 391.50 Td (wner) Tj ET Q q 0 0 0 rg BT 207.18 391.50 Td (ship in) Tj ET Q q 0 0 0 rg BT 225.68 391.50 Td (t) Tj ET Q q 0 0 0 rg BT 227.95 391.50 Td (er) Tj ET Q q 0 0 0 rg BT 233.78 391.50 Td (es) Tj ET Q q 0 0 0 rg BT 239.92 391.50 Td (t.) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 366.35 Td (Shopping Cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.93 366.35 Td (tres Additional Spac) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.08 366.35 Td (e and Adjac) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.40 366.35 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.51 366.35 Td (t Land P) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.07 366.35 Td (arc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.19 366.35 Td (els) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 351.35 Td (In the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.87 351.35 Td (fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.54 351.35 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.33 351.35 Td (t quart) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.97 351.35 Td (er) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.43 351.35 Td ( of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.28 351.35 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.55 351.35 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.86 351.35 Td (y acquir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.82 351.35 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 260.31 351.35 Td (six) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.85 351.35 Td ( pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.69 351.35 Td (operties adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.06 351.35 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.92 351.35 Td (o e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.28 351.35 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.70 351.35 Td (ting shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.40 351.35 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.10 351.35 Td (es adding ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.06 351.35 Td (78,800) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.90 351.35 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 339.35 Td (squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.56 339.35 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.60 339.35 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.50 339.35 Td (t of gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.73 339.35 Td (oss leasable ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.78 339.35 Td (ea and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.36 339.35 Td (0.6) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.02 339.35 Td ( acr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.66 339.35 Td (es adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.40 339.35 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.26 339.35 Td (o e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.62 339.35 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.04 339.35 Td (ting pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.49 339.35 Td (operties in es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.85 339.35 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.08 339.35 Td (ablished r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.72 339.35 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.64 339.35 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.87 339.35 Td (ail nodes. T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.95 339.35 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.45 339.35 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 327.35 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.82 327.35 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.15 327.35 Td (es on these adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.40 327.35 Td (t par) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.39 327.35 Td (cels amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.53 327.35 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.77 327.35 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.52 327.35 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.05 327.35 Td ($16.8 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.80 327.35 Td (. These acquisitions ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.35 327.35 Td (e se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.42 327.35 Td (t out in the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.05 327.35 Td (able belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 516.38 327.35 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 316.85 m 244.5 316.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 278.85 m 244.5 278.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 316.85 m 294.5 316.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244.5 278.85 m 294.5 278.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 316.85 m 334.5 316.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 278.85 m 334.5 278.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 316.85 m 391.5 316.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 334.5 278.85 m 391.5 278.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 316.85 m 436.5 316.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 278.85 m 436.5 278.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 316.85 m 452.5 316.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 278.85 m 452.5 278.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 316.85 m 492.5 316.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.5 278.85 m 492.5 278.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 316.85 m 537.5 316.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 492.5 278.85 m 537.5 278.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 142.85000000000002 m 244.5 142.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 127.85000000000002 m 244.5 127.85000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244.5 142.85000000000002 m 294.5 142.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 127.85000000000002 m 294.5 127.85000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 142.85000000000002 m 334.5 142.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 127.85000000000002 m 334.5 127.85000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 334.5 142.85000000000002 m 391.5 142.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 127.85000000000002 m 391.5 127.85000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 142.85000000000002 m 436.5 142.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 127.85000000000002 m 436.5 127.85000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 142.85000000000002 m 452.5 142.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 127.85000000000002 m 452.5 127.85000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.5 142.85000000000002 m 492.5 142.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 127.85000000000002 m 492.5 127.85000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 492.5 142.85000000000002 m 537.5 142.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 127.85000000000002 m 537.5 127.85000000000002 l s BT /F3 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 283.23 Td (Property Name) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 247.00 283.23 Td (City) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 300.85 283.23 Td (Province) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 350.50 290.73 Td (Quart) Tj ET Q q 0 0 0 rg BT 368.13 290.73 Td (er) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 348.80 283.23 Td (Acquir) Tj ET Q q 0 0 0 rg BT 368.43 283.23 Td (ed) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 415.95 305.73 Td (Gr) Tj ET Q q 0 0 0 rg BT 423.18 305.73 Td (oss ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 406.60 298.23 Td (Leasable ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 418.80 290.73 Td (Ar) Tj ET Q q 0 0 0 rg BT 425.66 290.73 Td (ea ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 394.05 283.23 Td (\(squar) Tj ET Q q 0 0 0 rg BT 413.25 283.23 Td (e f) Tj ET Q q 0 0 0 rg BT 420.78 283.23 Td (ee) Tj ET Q q 0 0 0 rg BT 428.20 283.23 Td (t\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 464.40 283.23 Td (Acreage) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 500.10 298.23 Td (Acquisition ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 520.65 290.73 Td (Cos) Tj ET Q q 0 0 0 rg BT 531.45 290.73 Td (t) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 498.35 283.23 Td (\(in millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 268.60 Td (Central Region) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 254.60 Td (Shops at King Liberty \(Fuzion Retail\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.00 254.60 Td (Toronto) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.10 254.60 Td (ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.15 254.60 Td (Q1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.75 254.60 Td (4,200) Tj ET Q BT /F3 5.85 Tf ET q 0 0 0 rg BT 439.00 260.39 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.10 254.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.00 254.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.85 254.60 Td (1.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 241.60 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.00 241.60 Td (Toronto) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.10 241.60 Td (ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.15 241.60 Td (Q1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.10 241.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.10 241.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.85 241.60 Td (0.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 227.60 Td (Eastern Region) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 213.60 Td (Centre Commerciale Beaconsfield) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 204.60 Td (\(Plaza Baie dUrfe, 90 Morgan St.\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.00 204.60 Td (Baie dUrfe) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.55 204.60 Td (QC) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.15 204.60 Td (Q1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.15 204.60 Td (60,600) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.10 204.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.85 204.60 Td (9.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 189.60 Td (Western Region) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 175.60 Td (Broadmoor Shopping Centre \(8031 Williams Road\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.00 175.60 Td (Richmond) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.15 175.60 Td (BC) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.15 175.60 Td (Q1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.10 175.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.85 175.60 Td (0.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.85 175.60 Td (1.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 161.60 Td (Old Strathcona \(10416 80 Avenue\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.00 161.60 Td (Edmonton) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.90 161.60 Td (AB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.15 161.60 Td (Q1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.15 161.60 Td (14,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.10 161.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.85 161.60 Td (3.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 147.60 Td (Kingsway Mews \(adjacent land\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.00 147.60 Td (Edmonton) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.90 147.60 Td (AB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.15 147.60 Td (Q1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.10 147.60 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.85 147.60 Td (0.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.85 147.60 Td (0.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 132.60 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.15 132.60 Td (78,800) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.85 132.60 Td (0.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.00 132.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.25 132.60 Td (16.8) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 120.29 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 116.95 Td ( The Compan) Tj ET Q q 0 0 0 rg BT 97.98 116.95 Td (y pr) Tj ET Q q 0 0 0 rg BT 108.75 116.95 Td (e) Tj ET Q q 0 0 0 rg BT 112.20 116.95 Td (viously o) Tj ET Q q 0 0 0 rg BT 137.10 116.95 Td (wned 50% in) Tj ET Q q 0 0 0 rg BT 173.43 116.95 Td (t) Tj ET Q q 0 0 0 rg BT 175.70 116.95 Td (er) Tj ET Q q 0 0 0 rg BT 181.53 116.95 Td (es) Tj ET Q q 0 0 0 rg BT 187.67 116.95 Td (t in the pr) Tj ET Q q 0 0 0 rg BT 215.56 116.95 Td (operty) Tj ET Q q 0 0 0 rg BT 233.86 116.95 Td (, and the Compan) Tj ET Q q 0 0 0 rg BT 284.17 116.95 Td (y acquir) Tj ET Q q 0 0 0 rg BT 306.54 116.95 Td (ed the r) Tj ET Q q 0 0 0 rg BT 328.72 116.95 Td (emaining 50% in) Tj ET Q q 0 0 0 rg BT 375.49 116.95 Td (t) Tj ET Q q 0 0 0 rg BT 377.76 116.95 Td (er) Tj ET Q q 0 0 0 rg BT 383.59 116.95 Td (es) Tj ET Q q 0 0 0 rg BT 389.74 116.95 Td (t during the fir) Tj ET Q q 0 0 0 rg BT 430.77 116.95 Td (s) Tj ET Q q 0 0 0 rg BT 433.43 116.95 Td (t quart) Tj ET Q q 0 0 0 rg BT 452.78 116.95 Td (er of 2014. The squar) Tj ET Q q 0 0 0 rg BT 513.18 116.95 Td (e f) Tj ET Q q 0 0 0 rg BT 520.24 116.95 Td (oot) Tj ET Q q 0 0 0 rg BT 529.88 116.95 Td (ag) Tj ET Q q 0 0 0 rg BT 536.47 116.95 Td (e ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 108.55 Td (acquir) Tj ET Q q 0 0 0 rg BT 80.62 108.55 Td (ed w) Tj ET Q q 0 0 0 rg BT 94.29 108.55 Td (as pr) Tj ET Q q 0 0 0 rg BT 107.99 108.55 Td (e) Tj ET Q q 0 0 0 rg BT 111.44 108.55 Td (viously included in the Compan) Tj ET Q q 0 0 0 rg BT 200.17 108.55 Td (y) Tj ET Q q 0 0 0 rg BT 203.55 108.55 Td () Tj ET Q q 0 0 0 rg BT 204.87 108.55 Td (s t) Tj ET Q q 0 0 0 rg BT 211.47 108.55 Td (ot) Tj ET Q q 0 0 0 rg BT 217.42 108.55 Td (al gr) Tj ET Q q 0 0 0 rg BT 229.58 108.55 Td (oss leasable ar) Tj ET Q q 0 0 0 rg BT 270.92 108.55 Td (ea.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (20) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.75 Td (De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.25 693.75 Td (velopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.06 693.75 Td (t Lands) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 678.75 Td (In the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.87 678.75 Td (fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.54 678.75 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.33 678.75 Td (t quart) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.97 678.75 Td (er) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.43 678.75 Td ( of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.28 678.75 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.55 678.75 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.86 678.75 Td (y in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.03 678.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.44 678.75 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.22 678.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.46 678.75 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.95 678.75 Td ($3.6 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.64 678.75 Td ( in the acquisition of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.59 678.75 Td (one) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.10 678.75 Td ( de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.54 678.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 423.96 678.75 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.88 678.75 Td (t land par) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.73 678.75 Td (cel, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 666.75 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 666.75 Td (omprising ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.87 666.75 Td (0.2) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.53 666.75 Td ( acr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.17 666.75 Td (es f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.15 666.75 Td (or futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.44 666.75 Td (e de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.86 666.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.27 666.75 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.20 666.75 Td (t of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.75 666.75 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.67 666.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.90 666.75 Td (ail and mix) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.45 666.75 Td (ed-use space. R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.34 666.75 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.23 666.75 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.03 666.75 Td (er t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.00 666.75 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.38 666.75 Td (Business and Oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 489.46 666.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.16 666.75 Td (tions R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.76 666.75 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 526.69 666.75 Td (vie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 538.42 666.75 Td (w ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 654.75 Td ( 2014 In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.38 654.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.80 654.75 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.58 654.75 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.05 654.75 Td (t Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.15 654.75 Td (operty De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.36 654.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.78 654.75 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.70 654.75 Td (t and R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.12 654.75 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.28 654.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.70 654.75 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.62 654.75 Td (t Activities) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.42 654.75 Td ( section of this MD&A f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.29 654.75 Td (or further discussion.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 641.25 m 242.5 641.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 611.25 m 242.5 611.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 641.25 m 290.5 641.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 611.25 m 290.5 611.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 641.25 m 360.5 641.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 290.5 611.25 m 360.5 611.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 641.25 m 397.5 641.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 611.25 m 397.5 611.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 641.25 m 456.5 641.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 397.5 611.25 m 456.5 611.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 641.25 m 495.5 641.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456.5 611.25 m 495.5 611.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 641.25 m 553.5 641.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 611.25 m 553.5 611.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 596.25 m 242.5 596.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 596.25 m 290.5 596.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 596.25 m 360.5 596.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 596.25 m 397.5 596.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 596.25 m 456.5 596.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 596.25 m 495.5 596.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 596.25 m 553.5 596.25 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 615.75 Td (Property Name) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.85 623.75 Td (Percentage) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.35 615.75 Td (Ownership) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.00 615.75 Td (City) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.00 615.75 Td (Province) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.70 623.75 Td (Quart) Tj ET Q q 0 0 0 rg BT 432.50 623.75 Td (er) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.90 615.75 Td (Acquir) Tj ET Q q 0 0 0 rg BT 432.84 615.75 Td (ed) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.80 615.75 Td (Acreage) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.80 631.75 Td (Acquisition ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.75 623.75 Td (Cos) Tj ET Q q 0 0 0 rg BT 547.27 623.75 Td (t) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.00 615.75 Td (\(in millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 601.00 Td (Main and Main De) Tj ET Q q 0 0 0 rg BT 124.44 601.00 Td (v) Tj ET Q q 0 0 0 rg BT 128.42 601.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 160.75 601.00 Td (ts ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 169.32 605.29 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.20 601.00 Td (67%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.00 601.00 Td (Toronto) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.60 601.00 Td (ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.15 601.00 Td (Q1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.60 601.00 Td (0.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.00 601.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.85 601.00 Td (3.6) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 587.94 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 584.60 Td ( The Compan) Tj ET Q q 0 0 0 rg BT 96.40 584.60 Td (y c) Tj ET Q q 0 0 0 rg BT 104.05 584.60 Td (onsolida) Tj ET Q q 0 0 0 rg BT 128.03 584.60 Td (t) Tj ET Q q 0 0 0 rg BT 130.29 584.60 Td (es the activities of Main and Main De) Tj ET Q q 0 0 0 rg BT 235.84 584.60 Td (v) Tj ET Q q 0 0 0 rg BT 238.93 584.60 Td (elopmen) Tj ET Q q 0 0 0 rg BT 264.08 584.60 Td (ts in its in) Tj ET Q q 0 0 0 rg BT 291.10 584.60 Td (t) Tj ET Q q 0 0 0 rg BT 293.37 584.60 Td (erim c) Tj ET Q q 0 0 0 rg BT 310.98 584.60 Td (onsolida) Tj ET Q q 0 0 0 rg BT 334.95 584.60 Td (t) Tj ET Q q 0 0 0 rg BT 337.22 584.60 Td (ed financial s) Tj ET Q q 0 0 0 rg BT 374.18 584.60 Td (t) Tj ET Q q 0 0 0 rg BT 376.44 584.60 Td (a) Tj ET Q q 0 0 0 rg BT 379.73 584.60 Td (t) Tj ET Q q 0 0 0 rg BT 382.00 584.60 Td (emen) Tj ET Q q 0 0 0 rg BT 398.17 584.60 Td (ts and in) Tj ET Q q 0 0 0 rg BT 422.37 584.60 Td (f) Tj ET Q q 0 0 0 rg BT 424.36 584.60 Td (orma) Tj ET Q q 0 0 0 rg BT 439.37 584.60 Td (tion pr) Tj ET Q q 0 0 0 rg BT 458.30 584.60 Td (esen) Tj ET Q q 0 0 0 rg BT 471.62 584.60 Td (t) Tj ET Q q 0 0 0 rg BT 473.89 584.60 Td (ed is a) Tj ET Q q 0 0 0 rg BT 491.84 584.60 Td (t 100%. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 557.70 Td (2014) Tj ET Q BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.33 557.70 Td ( Dispositions) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 539.70 Td (In ) Tj ET Q q 0 0 0 rg BT 64.42 539.70 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.65 539.70 Td (fir) Tj ET Q q 0 0 0 rg BT 89.31 539.70 Td (s) Tj ET Q q 0 0 0 rg BT 93.11 539.70 Td (t ) Tj ET Q q 0 0 0 rg BT 99.11 539.70 Td (quart) Tj ET Q q 0 0 0 rg BT 121.13 539.70 Td (er) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 129.60 539.70 Td ( ) Tj ET Q q 0 0 0 rg BT 132.25 539.70 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 143.22 539.70 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 163.49 539.70 Td (, ) Tj ET Q q 0 0 0 rg BT 168.64 539.70 Td (the ) Tj ET Q q 0 0 0 rg BT 184.86 539.70 Td (Compan) Tj ET Q q 0 0 0 rg BT 218.57 539.70 Td (y ) Tj ET Q q 0 0 0 rg BT 225.74 539.70 Td (sold ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 245.13 539.70 Td (one) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 260.63 539.70 Td ( ) Tj ET Q q 0 0 0 rg BT 263.28 539.70 Td (shopping ) Tj ET Q q 0 0 0 rg BT 303.13 539.70 Td (cen) Tj ET Q q 0 0 0 rg BT 317.49 539.70 Td (tr) Tj ET Q q 0 0 0 rg BT 324.20 539.70 Td (e ) Tj ET Q q 0 0 0 rg BT 331.82 539.70 Td (r) Tj ET Q q 0 0 0 rg BT 335.18 539.70 Td (epr) Tj ET Q q 0 0 0 rg BT 348.76 539.70 Td (esen) Tj ET Q q 0 0 0 rg BT 367.78 539.70 Td (ting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 386.04 539.70 Td (26,800) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 413.87 539.70 Td ( ) Tj ET Q q 0 0 0 rg BT 416.52 539.70 Td (squar) Tj ET Q q 0 0 0 rg BT 439.09 539.70 Td (e ) Tj ET Q q 0 0 0 rg BT 446.71 539.70 Td (f) Tj ET Q q 0 0 0 rg BT 449.51 539.70 Td (ee) Tj ET Q q 0 0 0 rg BT 459.41 539.70 Td (t ) Tj ET Q q 0 0 0 rg BT 465.41 539.70 Td (of ) Tj ET Q q 0 0 0 rg BT 476.38 539.70 Td (GLA ) Tj ET Q q 0 0 0 rg BT 495.33 539.70 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 513.28 539.70 Td (one) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 528.78 539.70 Td ( ) Tj ET Q q 0 0 0 rg BT 531.43 539.70 Td (land ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 527.70 Td (par) Tj ET Q q 0 0 0 rg BT 67.38 527.70 Td (cel ) Tj ET Q q 0 0 0 rg BT 81.14 527.70 Td (r) Tj ET Q q 0 0 0 rg BT 84.50 527.70 Td (epr) Tj ET Q q 0 0 0 rg BT 98.08 527.70 Td (esen) Tj ET Q q 0 0 0 rg BT 117.11 527.70 Td (ting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.97 527.70 Td (0.2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 147.63 527.70 Td ( ) Tj ET Q q 0 0 0 rg BT 149.89 527.70 Td (acr) Tj ET Q q 0 0 0 rg BT 162.27 527.70 Td (es. ) Tj ET Q q 0 0 0 rg BT 175.94 527.70 Td (Gr) Tj ET Q q 0 0 0 rg BT 185.57 527.70 Td (oss ) Tj ET Q q 0 0 0 rg BT 200.93 527.70 Td (pr) Tj ET Q q 0 0 0 rg BT 209.51 527.70 Td (oceeds ) Tj ET Q q 0 0 0 rg BT 240.39 527.70 Td (of ) Tj ET Q q 0 0 0 rg BT 250.97 527.70 Td (these ) Tj ET Q q 0 0 0 rg BT 275.70 527.70 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 326.24 527.70 Td (w) Tj ET Q q 0 0 0 rg BT 333.30 527.70 Td (er) Tj ET Q q 0 0 0 rg BT 341.63 527.70 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 348.86 527.70 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 368.85 527.70 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 396.55 527.70 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 517.2 m 235.5 517.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 491.2 m 235.5 491.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 517.2 m 314.5 517.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 235.5 491.2 m 314.5 491.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 517.2 m 350.5 517.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 491.2 m 350.5 491.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 517.2 m 395.5 517.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 491.2 m 395.5 491.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 517.2 m 447.5 517.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 491.2 m 447.5 491.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 517.2 m 499.5 517.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 491.2 m 499.5 491.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 517.2 m 551.5 517.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 491.2 m 551.5 491.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 463.2 m 235.5 463.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 448.2 m 235.5 448.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 235.5 463.2 m 314.5 463.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 448.2 m 314.5 448.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 463.2 m 350.5 463.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 448.2 m 350.5 448.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 463.2 m 395.5 463.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 448.2 m 395.5 448.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 463.2 m 447.5 463.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 448.2 m 447.5 448.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 463.2 m 499.5 463.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 448.2 m 499.5 448.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 463.2 m 551.5 463.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 448.2 m 551.5 448.2 l s BT /F3 7.50 Tf ET q 0 0 0 rg BT 57.00 494.07 Td (Pr) Tj ET Q q 0 0 0 rg BT 63.37 494.07 Td (operty Name) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 238.00 494.07 Td (City) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 317.00 494.07 Td (Pr) Tj ET Q q 0 0 0 rg BT 323.37 494.07 Td (o) Tj ET Q q 0 0 0 rg BT 327.29 494.07 Td (vince) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 360.50 501.57 Td (Quart) Tj ET Q q 0 0 0 rg BT 378.13 501.57 Td (er) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 365.95 494.07 Td (Sold) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 426.95 509.07 Td (Gr) Tj ET Q q 0 0 0 rg BT 434.18 509.07 Td (oss) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 400.00 501.57 Td ( Leasable Ar) Tj ET Q q 0 0 0 rg BT 436.65 501.57 Td (ea) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 405.05 494.07 Td (\(squar) Tj ET Q q 0 0 0 rg BT 424.25 494.07 Td (e f) Tj ET Q q 0 0 0 rg BT 431.78 494.07 Td (ee) Tj ET Q q 0 0 0 rg BT 439.20 494.07 Td (t\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 471.40 494.07 Td (Acr) Tj ET Q q 0 0 0 rg BT 481.43 494.07 Td (eag) Tj ET Q q 0 0 0 rg BT 492.22 494.07 Td (e) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 513.80 509.07 Td (Gr) Tj ET Q q 0 0 0 rg BT 521.03 509.07 Td (oss Sales ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 532.85 501.57 Td (Price) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 512.35 494.07 Td (\(in millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 480.95 Td (Village des Valeurs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 238.00 480.95 Td (Laval) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.55 480.95 Td (QC) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.15 480.95 Td (Q1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.15 480.95 Td (26,800) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.10 481.95 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.00 481.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.85 481.95 Td (3.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 466.95 Td (Kingsway Mews \(adjacent land\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 238.00 466.95 Td (Edmonton) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.90 466.95 Td (AB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.15 466.95 Td (Q1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.10 466.95 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.85 466.95 Td (0.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.85 466.95 Td (0.7) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 452.95 Td (Total) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 419.15 452.95 Td (26,800) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.85 453.95 Td (0.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.00 452.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.85 452.95 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 430.70 Td (In ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.19 430.70 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.78 430.70 Td (gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.85 430.70 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.34 430.70 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.04 430.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.28 430.70 Td (e, ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.17 430.70 Td (the ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.17 430.70 Td (gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.21 430.70 Td (oss ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.72 430.70 Td (sales ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.03 430.70 Td (price ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.69 430.70 Td (on ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.63 430.70 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.63 430.70 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.91 430.70 Td ( ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.33 430.70 Td (sales ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.63 430.70 Td (ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.51 430.70 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.93 430.70 Td (e ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.33 430.70 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.15 430.70 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.26 430.70 Td (ceeded ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.34 430.70 Td (in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.72 430.70 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.14 430.70 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.92 430.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.16 430.70 Td (ed ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.81 430.70 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.96 430.70 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.03 430.70 Td (t ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.80 430.70 Td (b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.00 430.70 Td (y ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.95 430.70 Td (appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.57 430.70 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.65 430.70 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.96 430.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.21 430.70 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 458.42 430.70 Td ($0.7 ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.57 430.70 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 506.27 430.70 Td (. ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.21 430.70 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 528.74 430.70 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 549.01 430.70 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 418.70 Td (dispositions ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.54 418.70 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.68 418.70 Td (e ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.92 418.70 Td (in ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.73 418.70 Td (line ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.81 418.70 Td (with ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.12 418.70 Td (the ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.96 418.70 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.66 418.70 Td (y) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 221.19 418.70 Td () Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.43 418.70 Td (s ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.60 418.70 Td (ong) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.77 418.70 Td (oing ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.56 418.70 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.36 418.70 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.99 418.70 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.69 418.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.93 418.70 Td (egy ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.40 418.70 Td (of ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.99 418.70 Td (incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.12 418.70 Td (easing ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.31 418.70 Td (the ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.15 418.70 Td (portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.36 418.70 Td (olio) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 404.49 418.70 Td () Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.74 418.70 Td (s ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.91 418.70 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.75 418.70 Td (ocus ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.68 418.70 Td (on ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.47 418.70 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.61 418.70 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.24 418.70 Td (e ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.48 418.70 Td (urban ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.78 418.70 Td (mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 516.26 418.70 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.19 418.70 Td (ts.) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 395.30 Td (In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.47 395.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.04 395.30 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.73 395.30 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.02 395.30 Td (t Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.40 395.30 Td (operties Classified as Held F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.42 395.30 Td (or Sale) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 377.30 Td (In) Tj ET Q q 0 0 0 rg BT 61.61 377.30 Td (v) Tj ET Q q 0 0 0 rg BT 66.03 377.30 Td (es) Tj ET Q q 0 0 0 rg BT 74.80 377.30 Td (tmen) Tj ET Q q 0 0 0 rg BT 96.28 377.30 Td (t ) Tj ET Q q 0 0 0 rg BT 101.91 377.30 Td (pr) Tj ET Q q 0 0 0 rg BT 110.49 377.30 Td (operty ) Tj ET Q q 0 0 0 rg BT 139.64 377.30 Td (is ) Tj ET Q q 0 0 0 rg BT 148.13 377.30 Td (classified ) Tj ET Q q 0 0 0 rg BT 187.42 377.30 Td (as ) Tj ET Q q 0 0 0 rg BT 198.40 377.30 Td (held ) Tj ET Q q 0 0 0 rg BT 218.46 377.30 Td (f) Tj ET Q q 0 0 0 rg BT 221.31 377.30 Td (or ) Tj ET Q q 0 0 0 rg BT 232.35 377.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 250.60 377.30 Td (when ) Tj ET Q q 0 0 0 rg BT 275.52 377.30 Td (it ) Tj ET Q q 0 0 0 rg BT 283.45 377.30 Td (is ) Tj ET Q q 0 0 0 rg BT 291.94 377.30 Td (e) Tj ET Q q 0 0 0 rg BT 296.76 377.30 Td (xpect) Tj ET Q q 0 0 0 rg BT 318.79 377.30 Td (ed ) Tj ET Q q 0 0 0 rg BT 331.31 377.30 Td (tha) Tj ET Q q 0 0 0 rg BT 344.61 377.30 Td (t ) Tj ET Q q 0 0 0 rg BT 350.24 377.30 Td (the ) Tj ET Q q 0 0 0 rg BT 366.10 377.30 Td (c) Tj ET Q q 0 0 0 rg BT 370.25 377.30 Td (arr) Tj ET Q q 0 0 0 rg BT 382.06 377.30 Td (ying ) Tj ET Q q 0 0 0 rg BT 401.13 377.30 Td (amoun) Tj ET Q q 0 0 0 rg BT 429.59 377.30 Td (t ) Tj ET Q q 0 0 0 rg BT 435.23 377.30 Td (will ) Tj ET Q q 0 0 0 rg BT 451.54 377.30 Td (be ) Tj ET Q q 0 0 0 rg BT 464.06 377.30 Td (r) Tj ET Q q 0 0 0 rg BT 467.41 377.30 Td (ec) Tj ET Q q 0 0 0 rg BT 476.53 377.30 Td (o) Tj ET Q q 0 0 0 rg BT 481.76 377.30 Td (v) Tj ET Q q 0 0 0 rg BT 486.18 377.30 Td (er) Tj ET Q q 0 0 0 rg BT 494.51 377.30 Td (ed ) Tj ET Q q 0 0 0 rg BT 507.02 377.30 Td (principally ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 365.30 Td (thr) Tj ET Q q 0 0 0 rg BT 65.93 365.30 Td (ough ) Tj ET Q q 0 0 0 rg BT 88.65 365.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 106.86 365.30 Td (r) Tj ET Q q 0 0 0 rg BT 110.15 365.30 Td (a) Tj ET Q q 0 0 0 rg BT 114.84 365.30 Td (ther ) Tj ET Q q 0 0 0 rg BT 134.15 365.30 Td (than ) Tj ET Q q 0 0 0 rg BT 155.03 365.30 Td (fr) Tj ET Q q 0 0 0 rg BT 161.41 365.30 Td (om ) Tj ET Q q 0 0 0 rg BT 176.91 365.30 Td (c) Tj ET Q q 0 0 0 rg BT 181.05 365.30 Td (on) Tj ET Q q 0 0 0 rg BT 191.49 365.30 Td (tinuing ) Tj ET Q q 0 0 0 rg BT 222.13 365.30 Td (use. ) Tj ET Q q 0 0 0 rg BT 241.04 365.30 Td (In) Tj ET Q q 0 0 0 rg BT 248.64 365.30 Td (v) Tj ET Q q 0 0 0 rg BT 253.06 365.30 Td (es) Tj ET Q q 0 0 0 rg BT 261.84 365.30 Td (tmen) Tj ET Q q 0 0 0 rg BT 283.31 365.30 Td (t ) Tj ET Q q 0 0 0 rg BT 288.90 365.30 Td (pr) Tj ET Q q 0 0 0 rg BT 297.48 365.30 Td (operty ) Tj ET Q q 0 0 0 rg BT 326.58 365.30 Td (held ) Tj ET Q q 0 0 0 rg BT 346.60 365.30 Td (f) Tj ET Q q 0 0 0 rg BT 349.44 365.30 Td (or ) Tj ET Q q 0 0 0 rg BT 360.44 365.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 378.65 365.30 Td (mus) Tj ET Q q 0 0 0 rg BT 395.69 365.30 Td (t ) Tj ET Q q 0 0 0 rg BT 401.27 365.30 Td (be ) Tj ET Q q 0 0 0 rg BT 413.74 365.30 Td (a) Tj ET Q q 0 0 0 rg BT 418.37 365.30 Td (v) Tj ET Q q 0 0 0 rg BT 422.74 365.30 Td (ailable ) Tj ET Q q 0 0 0 rg BT 451.67 365.30 Td (f) Tj ET Q q 0 0 0 rg BT 454.51 365.30 Td (or ) Tj ET Q q 0 0 0 rg BT 465.51 365.30 Td (immedia) Tj ET Q q 0 0 0 rg BT 501.00 365.30 Td (t) Tj ET Q q 0 0 0 rg BT 504.24 365.30 Td (e ) Tj ET Q q 0 0 0 rg BT 511.46 365.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 529.67 365.30 Td (in ) Tj ET Q q 0 0 0 rg BT 539.45 365.30 Td (its ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 353.30 Td (pr) Tj ET Q q 0 0 0 rg BT 62.61 353.30 Td (esen) Tj ET Q q 0 0 0 rg BT 81.63 353.30 Td (t ) Tj ET Q q 0 0 0 rg BT 87.06 353.30 Td (c) Tj ET Q q 0 0 0 rg BT 91.20 353.30 Td (ondition, ) Tj ET Q q 0 0 0 rg BT 130.02 353.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 161.46 353.30 Td (only ) Tj ET Q q 0 0 0 rg BT 180.89 353.30 Td (t) Tj ET Q q 0 0 0 rg BT 184.14 353.30 Td (o ) Tj ET Q q 0 0 0 rg BT 191.49 353.30 Td (t) Tj ET Q q 0 0 0 rg BT 194.73 353.30 Td (erms ) Tj ET Q q 0 0 0 rg BT 217.17 353.30 Td (tha) Tj ET Q q 0 0 0 rg BT 230.47 353.30 Td (t ) Tj ET Q q 0 0 0 rg BT 235.90 353.30 Td (ar) Tj ET Q q 0 0 0 rg BT 244.04 353.30 Td (e ) Tj ET Q q 0 0 0 rg BT 251.09 353.30 Td (usual ) Tj ET Q q 0 0 0 rg BT 274.67 353.30 Td (and ) Tj ET Q q 0 0 0 rg BT 292.05 353.30 Td (cus) Tj ET Q q 0 0 0 rg BT 305.33 353.30 Td (t) Tj ET Q q 0 0 0 rg BT 308.58 353.30 Td (omar) Tj ET Q q 0 0 0 rg BT 330.17 353.30 Td (y ) Tj ET Q q 0 0 0 rg BT 336.77 353.30 Td (f) Tj ET Q q 0 0 0 rg BT 339.61 353.30 Td (or ) Tj ET Q q 0 0 0 rg BT 350.45 353.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 372.41 353.30 Td (of ) Tj ET Q q 0 0 0 rg BT 382.81 353.30 Td (such ) Tj ET Q q 0 0 0 rg BT 403.53 353.30 Td (pr) Tj ET Q q 0 0 0 rg BT 412.11 353.30 Td (operty) Tj ET Q q 0 0 0 rg BT 438.26 353.30 Td (, ) Tj ET Q q 0 0 0 rg BT 442.83 353.30 Td (and ) Tj ET Q q 0 0 0 rg BT 460.21 353.30 Td (its ) Tj ET Q q 0 0 0 rg BT 471.84 353.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 489.89 353.30 Td (mus) Tj ET Q q 0 0 0 rg BT 506.93 353.30 Td (t ) Tj ET Q q 0 0 0 rg BT 512.35 353.30 Td (be ) Tj ET Q q 0 0 0 rg BT 524.66 353.30 Td (highly ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 341.30 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 341.30 Td (obable. ) Tj ET Q q 0 0 0 rg BT 94.58 341.30 Td (Upon ) Tj ET Q q 0 0 0 rg BT 118.40 341.30 Td (designa) Tj ET Q q 0 0 0 rg BT 149.50 341.30 Td (tion ) Tj ET Q q 0 0 0 rg BT 167.30 341.30 Td (as ) Tj ET Q q 0 0 0 rg BT 177.63 341.30 Td (held ) Tj ET Q q 0 0 0 rg BT 197.04 341.30 Td (f) Tj ET Q q 0 0 0 rg BT 199.88 341.30 Td (or ) Tj ET Q q 0 0 0 rg BT 210.27 341.30 Td (sale, ) Tj ET Q q 0 0 0 rg BT 230.37 341.30 Td (the ) Tj ET Q q 0 0 0 rg BT 245.58 341.30 Td (in) Tj ET Q q 0 0 0 rg BT 252.96 341.30 Td (v) Tj ET Q q 0 0 0 rg BT 257.38 341.30 Td (es) Tj ET Q q 0 0 0 rg BT 266.15 341.30 Td (tmen) Tj ET Q q 0 0 0 rg BT 287.63 341.30 Td (t ) Tj ET Q q 0 0 0 rg BT 292.61 341.30 Td (pr) Tj ET Q q 0 0 0 rg BT 301.19 341.30 Td (operty ) Tj ET Q q 0 0 0 rg BT 329.68 341.30 Td (c) Tj ET Q q 0 0 0 rg BT 333.83 341.30 Td (on) Tj ET Q q 0 0 0 rg BT 344.26 341.30 Td (tinues ) Tj ET Q q 0 0 0 rg BT 370.93 341.30 Td (t) Tj ET Q q 0 0 0 rg BT 374.19 341.30 Td (o ) Tj ET Q q 0 0 0 rg BT 381.09 341.30 Td (be ) Tj ET Q q 0 0 0 rg BT 392.95 341.30 Td (measur) Tj ET Q q 0 0 0 rg BT 423.22 341.30 Td (ed ) Tj ET Q q 0 0 0 rg BT 435.08 341.30 Td (a) Tj ET Q q 0 0 0 rg BT 439.78 341.30 Td (t ) Tj ET Q q 0 0 0 rg BT 444.76 341.30 Td (f) Tj ET Q q 0 0 0 rg BT 447.62 341.30 Td (air ) Tj ET Q q 0 0 0 rg BT 459.82 341.30 Td (v) Tj ET Q q 0 0 0 rg BT 464.19 341.30 Td (alue ) Tj ET Q q 0 0 0 rg BT 483.13 341.30 Td (and ) Tj ET Q q 0 0 0 rg BT 500.06 341.30 Td (is ) Tj ET Q q 0 0 0 rg BT 507.90 341.30 Td (pr) Tj ET Q q 0 0 0 rg BT 516.51 341.30 Td (esen) Tj ET Q q 0 0 0 rg BT 535.53 341.30 Td (t) Tj ET Q q 0 0 0 rg BT 538.77 341.30 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 329.30 Td (separ) Tj ET Q q 0 0 0 rg BT 76.21 329.30 Td (a) Tj ET Q q 0 0 0 rg BT 80.91 329.30 Td (t) Tj ET Q q 0 0 0 rg BT 84.15 329.30 Td (ely ) Tj ET Q q 0 0 0 rg BT 98.21 329.30 Td (on ) Tj ET Q q 0 0 0 rg BT 111.00 329.30 Td (the ) Tj ET Q q 0 0 0 rg BT 126.84 329.30 Td (c) Tj ET Q q 0 0 0 rg BT 130.98 329.30 Td (onsolida) Tj ET Q q 0 0 0 rg BT 165.24 329.30 Td (t) Tj ET Q q 0 0 0 rg BT 168.48 329.30 Td (ed ) Tj ET Q q 0 0 0 rg BT 180.97 329.30 Td (balance ) Tj ET Q q 0 0 0 rg BT 214.82 329.30 Td (shee) Tj ET Q q 0 0 0 rg BT 233.88 329.30 Td (ts.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 311.30 Td (Included ) Tj ET Q q 0 0 0 rg BT 91.15 311.30 Td (in ) Tj ET Q q 0 0 0 rg BT 100.81 311.30 Td (in) Tj ET Q q 0 0 0 rg BT 108.19 311.30 Td (v) Tj ET Q q 0 0 0 rg BT 112.61 311.30 Td (es) Tj ET Q q 0 0 0 rg BT 121.39 311.30 Td (tmen) Tj ET Q q 0 0 0 rg BT 142.86 311.30 Td (t ) Tj ET Q q 0 0 0 rg BT 148.32 311.30 Td (pr) Tj ET Q q 0 0 0 rg BT 156.90 311.30 Td (operties ) Tj ET Q q 0 0 0 rg BT 192.54 311.30 Td (as ) Tj ET Q q 0 0 0 rg BT 203.35 311.30 Td (a) Tj ET Q q 0 0 0 rg BT 208.05 311.30 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 213.51 311.30 Td (Mar) Tj ET Q q 0 0 0 rg BT 230.19 311.30 Td (ch31, ) Tj ET Q q 0 0 0 rg BT 256.68 311.30 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 276.96 311.30 Td ( ) Tj ET Q q 0 0 0 rg BT 279.07 311.30 Td (ar) Tj ET Q q 0 0 0 rg BT 287.21 311.30 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 294.30 311.30 Td (11) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 304.44 311.30 Td ( ) Tj ET Q q 0 0 0 rg BT 306.55 311.30 Td (shopping ) Tj ET Q q 0 0 0 rg BT 345.87 311.30 Td (cen) Tj ET Q q 0 0 0 rg BT 360.23 311.30 Td (tr) Tj ET Q q 0 0 0 rg BT 366.94 311.30 Td (es ) Tj ET Q q 0 0 0 rg BT 377.94 311.30 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 395.35 311.30 Td (fiv) Tj ET Q q 0 0 0 rg BT 405.12 311.30 Td (e) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 410.09 311.30 Td ( ) Tj ET Q q 0 0 0 rg BT 412.21 311.30 Td (de) Tj ET Q q 0 0 0 rg BT 422.39 311.30 Td (v) Tj ET Q q 0 0 0 rg BT 426.81 311.30 Td (elopmen) Tj ET Q q 0 0 0 rg BT 462.73 311.30 Td (t ) Tj ET Q q 0 0 0 rg BT 468.19 311.30 Td (land ) Tj ET Q q 0 0 0 rg BT 487.90 311.30 Td (par) Tj ET Q q 0 0 0 rg BT 501.28 311.30 Td (cels ) Tj ET Q q 0 0 0 rg BT 518.81 311.30 Td (with ) Tj ET Q q 0 0 0 rg BT 538.97 311.30 Td (an ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 299.30 Td (appr) Tj ET Q q 0 0 0 rg BT 72.62 299.30 Td (o) Tj ET Q q 0 0 0 rg BT 77.70 299.30 Td (xima) Tj ET Q q 0 0 0 rg BT 97.01 299.30 Td (t) Tj ET Q q 0 0 0 rg BT 100.25 299.30 Td (e ) Tj ET Q q 0 0 0 rg BT 106.67 299.30 Td (v) Tj ET Q q 0 0 0 rg BT 111.04 299.30 Td (alue ) Tj ET Q q 0 0 0 rg BT 129.79 299.30 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.55 299.30 Td ($258.3 ) Tj ET Q q 0 0 0 rg BT 168.85 299.30 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 196.55 299.30 Td ( ) Tj ET Q q 0 0 0 rg BT 197.99 299.30 Td (tha) Tj ET Q q 0 0 0 rg BT 211.29 299.30 Td (t ) Tj ET Q q 0 0 0 rg BT 216.07 299.30 Td (mee) Tj ET Q q 0 0 0 rg BT 233.96 299.30 Td (t ) Tj ET Q q 0 0 0 rg BT 238.75 299.30 Td (the ) Tj ET Q q 0 0 0 rg BT 253.76 299.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.45 299.30 Td (r) Tj ET Q q 0 0 0 rg BT 292.81 299.30 Td (eporting ) Tj ET Q q 0 0 0 rg BT 328.84 299.30 Td (crit) Tj ET Q q 0 0 0 rg BT 342.09 299.30 Td (eria ) Tj ET Q q 0 0 0 rg BT 359.07 299.30 Td (t) Tj ET Q q 0 0 0 rg BT 362.33 299.30 Td (o ) Tj ET Q q 0 0 0 rg BT 369.04 299.30 Td (be ) Tj ET Q q 0 0 0 rg BT 380.70 299.30 Td (classified ) Tj ET Q q 0 0 0 rg BT 419.15 299.30 Td (as ) Tj ET Q q 0 0 0 rg BT 429.29 299.30 Td (held ) Tj ET Q q 0 0 0 rg BT 448.50 299.30 Td (f) Tj ET Q q 0 0 0 rg BT 451.34 299.30 Td (or ) Tj ET Q q 0 0 0 rg BT 461.54 299.30 Td (sale. ) Tj ET Q q 0 0 0 rg BT 481.47 299.30 Td (These ) Tj ET Q q 0 0 0 rg BT 506.90 299.30 Td (pr) Tj ET Q q 0 0 0 rg BT 515.48 299.30 Td (operties ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 287.30 Td (ar) Tj ET Q q 0 0 0 rg BT 62.14 287.30 Td (e ) Tj ET Q q 0 0 0 rg BT 71.04 287.30 Td (c) Tj ET Q q 0 0 0 rg BT 75.18 287.30 Td (onsider) Tj ET Q q 0 0 0 rg BT 105.50 287.30 Td (ed ) Tj ET Q q 0 0 0 rg BT 119.64 287.30 Td (t) Tj ET Q q 0 0 0 rg BT 122.90 287.30 Td (o ) Tj ET Q q 0 0 0 rg BT 132.08 287.30 Td (be ) Tj ET Q q 0 0 0 rg BT 146.23 287.30 Td (non-c) Tj ET Q q 0 0 0 rg BT 169.22 287.30 Td (or) Tj ET Q q 0 0 0 rg BT 177.85 287.30 Td (e ) Tj ET Q q 0 0 0 rg BT 186.74 287.30 Td (asse) Tj ET Q q 0 0 0 rg BT 204.27 287.30 Td (ts. ) Tj ET Q q 0 0 0 rg BT 217.97 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Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.77 161.90 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.57 161.90 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.08 161.90 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.68 161.90 Td (ealty ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 149.90 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.82 149.90 Td (xpects t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.39 149.90 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.07 149.90 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.50 149.90 Td (tinue curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.21 149.90 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.35 149.90 Td (t discussions and activ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.36 149.90 Td (ely pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.24 149.90 Td (sue other acquisition, in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.58 149.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.00 149.90 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.77 149.90 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.25 149.90 Td (t and disposition opportunities.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (21) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 693.00 Td (2014) Tj ET Q BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.33 693.00 Td ( In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.51 693.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.08 693.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.77 693.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.06 693.00 Td (t Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.44 693.00 Td (operty De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.74 693.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.31 693.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.32 693.00 Td (t and R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.29 693.00 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.75 693.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.31 693.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.32 693.00 Td (t Activities) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 678.00 Td (De) Tj ET Q q 0 0 0 rg BT 65.08 678.00 Td (v) Tj ET Q q 0 0 0 rg BT 69.50 678.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 105.42 678.00 Td (t and r) Tj ET Q q 0 0 0 rg BT 131.94 678.00 Td (ede) Tj ET Q q 0 0 0 rg BT 147.10 678.00 Td (v) Tj ET Q q 0 0 0 rg BT 151.52 678.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 187.44 678.00 Td (t activities ar) Tj ET Q q 0 0 0 rg BT 239.46 678.00 Td (e c) Tj ET Q q 0 0 0 rg BT 250.85 678.00 Td (omple) Tj ET Q q 0 0 0 rg BT 276.58 678.00 Td (t) Tj ET Q q 0 0 0 rg BT 279.82 678.00 Td (ed selectiv) Tj ET Q q 0 0 0 rg BT 322.76 678.00 Td (ely) Tj ET Q q 0 0 0 rg BT 333.84 678.00 Td (, based on opportunities in the Compan) Tj ET Q q 0 0 0 rg BT 494.67 678.00 Td (y) Tj ET Q q 0 0 0 rg BT 499.50 678.00 Td () Tj ET Q q 0 0 0 rg BT 501.39 678.00 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 666.00 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 666.00 Td (operties or in the mark) Tj ET Q q 0 0 0 rg BT 155.52 666.00 Td (e) Tj ET Q q 0 0 0 rg BT 160.44 666.00 Td (ts wher) Tj ET Q q 0 0 0 rg BT 190.69 666.00 Td (e the Compan) Tj ET Q q 0 0 0 rg BT 247.48 666.00 Td (y oper) Tj ET Q q 0 0 0 rg BT 273.05 666.00 Td (a) Tj ET Q q 0 0 0 rg BT 277.75 666.00 Td (t) Tj ET Q q 0 0 0 rg BT 280.99 666.00 Td (es. The Compan) Tj ET Q q 0 0 0 rg BT 345.73 666.00 Td (y) Tj ET Q q 0 0 0 rg BT 350.56 666.00 Td () Tj ET Q q 0 0 0 rg BT 352.44 666.00 Td (s de) Tj ET Q q 0 0 0 rg BT 368.79 666.00 Td (v) Tj ET Q q 0 0 0 rg BT 373.21 666.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 409.14 666.00 Td (t pr) Tj ET Q q 0 0 0 rg BT 423.33 666.00 Td (ojects c) Tj ET Q q 0 0 0 rg BT 453.86 666.00 Td (omprise gr) Tj ET Q q 0 0 0 rg BT 497.34 666.00 Td (ound-up ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 654.00 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 654.00 Td (ojects, major r) Tj ET Q q 0 0 0 rg BT 121.01 654.00 Td (ede) Tj ET Q q 0 0 0 rg BT 136.17 654.00 Td (v) Tj ET Q q 0 0 0 rg BT 140.59 654.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 176.51 654.00 Td (t and other incr) Tj ET Q q 0 0 0 rg BT 239.41 654.00 Td (emen) Tj ET Q q 0 0 0 rg BT 262.51 654.00 Td (t) Tj ET Q q 0 0 0 rg BT 265.74 654.00 Td (al r) Tj ET Q q 0 0 0 rg BT 278.44 654.00 Td (ede) Tj ET Q q 0 0 0 rg BT 293.59 654.00 Td (v) Tj ET Q q 0 0 0 rg BT 298.01 654.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 333.94 654.00 Td (t and e) Tj ET Q q 0 0 0 rg BT 361.93 654.00 Td (xpansions on s) Tj ET Q q 0 0 0 rg BT 421.05 654.00 Td (t) Tj ET Q q 0 0 0 rg BT 424.28 654.00 Td (able pr) Tj ET Q q 0 0 0 rg BT 452.43 654.00 Td (operties. All ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 642.00 Td (de) Tj ET Q q 0 0 0 rg BT 64.18 642.00 Td (v) Tj ET Q q 0 0 0 rg BT 68.60 642.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 104.52 642.00 Td (t activities ar) Tj ET Q q 0 0 0 rg BT 156.54 642.00 Td (e s) Tj ET Q q 0 0 0 rg BT 167.58 642.00 Td (tr) Tj ET Q q 0 0 0 rg BT 174.21 642.00 Td (a) Tj ET Q q 0 0 0 rg BT 178.91 642.00 Td (t) Tj ET Q q 0 0 0 rg BT 182.15 642.00 Td (egic) Tj ET Q q 0 0 0 rg BT 198.27 642.00 Td (ally manag) Tj ET Q q 0 0 0 rg BT 241.89 642.00 Td (ed t) Tj ET Q q 0 0 0 rg BT 257.63 642.00 Td (o r) Tj ET Q q 0 0 0 rg BT 268.52 642.00 Td (educe risk and pr) Tj ET Q q 0 0 0 rg BT 338.10 642.00 Td (operties ar) Tj ET Q q 0 0 0 rg BT 382.03 642.00 Td (e g) Tj ET Q q 0 0 0 rg BT 393.89 642.00 Td (ener) Tj ET Q q 0 0 0 rg BT 412.37 642.00 Td (ally de) Tj ET Q q 0 0 0 rg BT 438.72 642.00 Td (v) Tj ET Q q 0 0 0 rg BT 443.14 642.00 Td (eloped a) Tj ET Q q 0 0 0 rg BT 478.16 642.00 Td (ft) Tj ET Q q 0 0 0 rg BT 484.45 642.00 Td (er ob) Tj ET Q q 0 0 0 rg BT 505.66 642.00 Td (t) Tj ET Q q 0 0 0 rg BT 508.89 642.00 Td (aining ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 630.00 Td (anchor lease c) Tj ET Q q 0 0 0 rg BT 111.90 630.00 Td (ommitmen) Tj ET Q q 0 0 0 rg BT 156.92 630.00 Td (ts. A summar) Tj ET Q q 0 0 0 rg BT 210.48 630.00 Td (y of the Compan) Tj ET Q q 0 0 0 rg BT 277.40 630.00 Td (y's de) Tj ET Q q 0 0 0 rg BT 300.48 630.00 Td (v) Tj ET Q q 0 0 0 rg BT 304.90 630.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 340.83 630.00 Td (t portf) Tj ET Q q 0 0 0 rg BT 366.64 630.00 Td (olio is as f) Tj ET Q q 0 0 0 rg BT 406.31 630.00 Td (ollo) Tj ET Q q 0 0 0 rg BT 421.41 630.00 Td (w) Tj ET Q q 0 0 0 rg BT 428.47 630.00 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 619.5 m 249.5 619.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 607.5 m 249.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 619.5 m 298.5 619.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 249.5 607.5 m 298.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 619.5 m 349.5 619.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 607.5 m 349.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 619.5 m 398.5 619.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 349.5 607.5 m 398.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 619.5 m 449.5 619.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 607.5 m 449.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 619.5 m 498.5 619.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 607.5 m 498.5 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 619.5 m 549.5 619.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 607.5 m 549.5 607.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 595.5 m 249.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 249.5 595.5 m 298.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 595.5 m 349.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 349.5 595.5 m 398.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 595.5 m 449.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 595.5 m 498.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 595.5 m 549.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 560.5 m 249.5 560.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 249.5 595.5 m 298.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 249.5 560.5 m 298.5 560.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 595.5 m 349.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 560.5 m 349.5 560.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 349.5 595.5 m 398.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 349.5 560.5 m 398.5 560.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 595.5 m 449.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 560.5 m 449.5 560.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 595.5 m 498.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 560.5 m 498.5 560.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 595.5 m 549.5 595.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 560.5 m 549.5 560.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 521.5 m 249.5 521.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 508.5 m 249.5 508.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 249.5 521.5 m 298.5 521.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 249.5 508.5 m 298.5 508.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 521.5 m 349.5 521.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 508.5 m 349.5 508.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 349.5 521.5 m 398.5 521.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 349.5 508.5 m 398.5 508.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 521.5 m 449.5 521.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 508.5 m 449.5 508.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 521.5 m 498.5 521.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 508.5 m 498.5 508.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 521.5 m 549.5 521.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 508.5 m 549.5 508.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 469.5 m 249.5 469.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 456.5 m 249.5 456.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 249.5 469.5 m 298.5 469.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 249.5 456.5 m 298.5 456.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 469.5 m 349.5 469.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 456.5 m 349.5 456.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 349.5 469.5 m 398.5 469.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 349.5 456.5 m 398.5 456.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 469.5 m 449.5 469.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 456.5 m 449.5 456.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 469.5 m 498.5 469.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 456.5 m 498.5 456.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 469.5 m 549.5 469.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 456.5 m 549.5 456.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 430.5 m 249.5 430.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 249.5 430.5 m 298.5 430.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 430.5 m 349.5 430.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 349.5 430.5 m 398.5 430.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 430.5 m 449.5 430.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 430.5 m 498.5 430.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 430.5 m 549.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 415.5 m 249.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 415.5 m 298.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 415.5 m 349.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 415.5 m 398.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 415.5 m 449.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 415.5 m 498.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 415.5 m 549.5 415.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 611.00 Td (As at March 31, 2014) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 599.00 Td (\(thousands of dollars, except for other data\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 271.90 585.75 Td (Planned) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 261.25 578.75 Td (Square Feet) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 279.45 571.75 Td (Upon) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 261.90 564.75 Td (Completion) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 303.85 578.75 Td (Gr) Tj ET Q q 0 0 0 rg BT 310.59 578.75 Td (oss Leasable ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 332.75 571.75 Td (Ar) Tj ET Q q 0 0 0 rg BT 339.15 571.75 Td (ea) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 309.65 564.75 Td (\(squar) Tj ET Q q 0 0 0 rg BT 327.57 564.75 Td (e f) Tj ET Q q 0 0 0 rg BT 334.59 564.75 Td (ee) Tj ET Q q 0 0 0 rg BT 341.52 564.75 Td (t\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 361.25 578.75 Td (Square Feet) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 377.20 571.75 Td (Under) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 356.65 564.75 Td (Development) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 406.50 571.75 Td (Total Est. Cost) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 419.10 564.75 Td (incl. Land) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 463.05 571.75 Td (Investment) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 482.55 564.75 Td (Cost) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 503.65 571.75 Td (Estimated Cost) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 510.95 564.75 Td (to Complete) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 551.25 Td (Same property with incremental redevelopment and expansion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 538.25 Td (Active development and at completion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 286.50 538.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.10 538.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.15 538.25 Td (22,375) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.00 538.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.15 538.25 Td (16,798) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.00 538.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.75 538.25 Td (5,505) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 538.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.15 538.25 Td (11,293) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 525.25 Td (In pre-development) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 286.50 525.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.10 525.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.60 525.25 Td (193,903) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.15 525.25 Td (46,720) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.15 525.25 Td (19,332) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.15 525.25 Td (27,388) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 286.50 512.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.10 512.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.60 512.25 Td (216,278) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.15 512.25 Td (63,518) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.15 512.25 Td (24,837) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.15 512.25 Td (38,681) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 499.25 Td (Major redevelopment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 486.25 Td (Active development and at completion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.20 486.25 Td (1,341,758) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.80 486.25 Td (1,110,873) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.60 486.25 Td (230,885) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.60 486.25 Td (663,086) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.60 486.25 Td (515,451) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.60 486.25 Td (147,635) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 473.25 Td (In pre-development) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 280.15 473.25 Td (TBD) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.80 473.25 Td (1,990,446) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.15 473.25 Td (TBD) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.15 473.25 Td (TBD) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.60 473.25 Td (520,385) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.15 473.25 Td (TBD) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.20 460.25 Td (1,341,758) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.80 460.25 Td (3,101,319) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.60 460.25 Td (230,885) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.60 460.25 Td (663,086) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.80 460.25 Td (1,035,836) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.60 460.25 Td (147,635) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 447.25 Td (Ground-up development) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 434.25 Td (Active development and at completion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.00 434.25 Td (794,757) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.60 434.25 Td (665,827) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.60 434.25 Td (128,930) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.60 434.25 Td (278,796) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.60 434.25 Td (268,864) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.75 434.25 Td (9,932) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 420.25 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 258.20 421.25 Td (2,136,515) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.80 421.25 Td (3,767,146) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.60 421.25 Td (576,093) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.00 421.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.80 421.25 Td (1,005,400) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.00 421.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.80 421.25 Td (1,329,537) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 421.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.60 421.25 Td (196,248) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 395.00 Td (Cos) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.40 395.00 Td (ts t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.18 395.00 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.86 395.00 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.59 395.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.83 395.00 Td (e the de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.09 395.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.51 395.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.43 395.00 Td (t, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.89 395.00 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.05 395.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.47 395.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.39 395.00 Td (t and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.38 395.00 Td (xpansion activities under) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.55 395.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.58 395.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.19 395.00 Td (y ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.12 395.00 Td (e es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.13 395.00 Td (tima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.46 395.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.70 395.00 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.45 395.00 Td (o be ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 383.00 Td (appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.62 383.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.70 383.00 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.01 383.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.25 383.00 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.31 383.00 Td ($196.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.13 383.00 Td (. Cos) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.32 383.00 Td (ts t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.10 383.00 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.78 383.00 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.51 383.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.75 383.00 Td (e major r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.53 383.00 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.69 383.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.11 383.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.03 383.00 Td (ts and gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.14 383.00 Td (ound-up de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.19 383.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 423.61 383.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.53 383.00 Td (ts, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.90 383.00 Td (espectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.31 383.00 Td (ely) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 519.40 383.00 Td (, ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 532.30 383.00 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 371.00 Td (planned a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.03 371.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.64 371.00 Td ($40 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.81 371.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.63 371.00 Td ($10 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.79 371.00 Td ( in the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.05 371.00 Td (emainder of 2014, and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.50 371.00 Td ($108 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.73 371.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.55 371.00 Td (nil) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.40 371.00 Td ( in 2015 and be) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.73 371.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.13 371.00 Td (ond. The c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.21 371.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 533.28 371.00 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 542.14 371.00 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 359.00 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 359.00 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.88 359.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.12 359.00 Td (e major r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.90 359.00 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.06 359.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.48 359.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.40 359.00 Td (ts tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.22 359.00 Td (t ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.98 359.00 Td (e curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.54 359.00 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.67 359.00 Td (tly in the pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.36 359.00 Td (e-de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.58 359.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.00 359.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.92 359.00 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.33 359.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.56 359.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.97 359.00 Td (e ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.35 359.00 Td (e labelled t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.42 359.00 Td (o be de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.62 359.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.86 359.00 Td (ermined \(TBD\) ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 347.00 Td (as the) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.48 347.00 Td (y ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.14 347.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.56 347.00 Td (e not y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.34 347.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.26 347.00 Td (t been finaliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.30 347.00 Td (ed.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 329.00 Td (The pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.94 329.00 Td (operties in the de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.55 329.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.97 329.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.90 329.00 Td (t pipeline ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.51 329.00 Td (e summariz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.18 329.00 Td (ed in the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.55 329.00 Td (ables belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.80 329.00 Td (w b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 384.41 329.00 Td (y pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.78 329.00 Td (operty c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.05 329.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.75 329.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.99 329.00 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.60 329.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.41 329.00 Td (y \(same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.73 329.00 Td (operty with ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 317.00 Td (incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.13 317.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.23 317.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.46 317.00 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.16 317.00 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.32 317.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.74 317.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.66 317.00 Td (t and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.65 317.00 Td (xpansion; major r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.50 317.00 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.65 317.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.07 317.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.99 317.00 Td (ts and gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.11 317.00 Td (ound-up de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.15 317.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.57 317.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.49 317.00 Td (t\) and b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.90 317.00 Td (y de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.87 317.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.29 317.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.21 317.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 305.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.80 305.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.03 305.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.72 305.00 Td (tus \(activ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.61 305.00 Td (e de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.03 305.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.45 305.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.37 305.00 Td (t, a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.17 305.00 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.93 305.00 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.66 305.00 Td (tion, in pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.01 305.00 Td (e-de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.23 305.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.65 305.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.57 305.00 Td (t\). ) Tj ET Q BT /F6 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 279.90 Td (Same Property with Incremen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.22 279.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.90 279.90 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.93 279.90 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.45 279.90 Td (velopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.27 279.90 Td (t and Expansion) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 264.90 Td (Highligh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.94 264.90 Td (ts of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.60 264.90 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.43 264.90 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.31 264.90 Td (s curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.81 264.90 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.94 264.90 Td (t same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.06 264.90 Td (operty with incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.62 264.90 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.72 264.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.95 264.90 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.65 264.90 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.81 264.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.23 264.90 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.15 264.90 Td (t and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.14 264.90 Td (xpansion pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.35 264.90 Td (ojects ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.88 264.90 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 252.90 Td (summariz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.44 252.90 Td (ed in the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.81 252.90 Td (able belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.14 252.90 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.65 252.90 Td (. As a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.09 252.90 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.70 252.90 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.38 252.90 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.29 252.90 Td (, the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.27 252.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.69 252.90 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.46 252.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.70 252.90 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.34 252.90 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.41 252.90 Td (t in these pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.14 252.90 Td (ojects t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.78 252.90 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.28 252.90 Td (alled ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.15 252.90 Td ($25 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.31 252.90 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 240.90 Td (includes incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.86 240.90 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.96 240.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.19 240.90 Td (al in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.92 240.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.33 240.90 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.11 240.90 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.58 240.90 Td (t primarily r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.23 240.90 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.19 240.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.44 240.90 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.18 240.90 Td (o pads or building e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.89 240.90 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.25 240.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.50 240.90 Td (ensions and oft) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.76 240.90 Td (en includes f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.83 240.90 Td (ac) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.77 240.90 Td (ade, parking) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.99 240.90 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 228.90 Td (ligh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.46 228.90 Td (ting and building upgr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.25 228.90 Td (ades. Of the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.74 228.90 Td (22,375) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.57 228.90 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.40 228.90 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.44 228.90 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.33 228.90 Td (t under activ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.51 228.90 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.10 228.90 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.26 228.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.68 228.90 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.60 228.90 Td (t, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.71 228.90 Td (19,353) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.54 228.90 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.37 228.90 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.41 228.90 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.30 228.90 Td (t is subject t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 528.26 228.90 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 216.90 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 216.90 Td (ommit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.90 216.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.14 216.90 Td (ed leases a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.45 216.90 Td (t a w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.17 216.90 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.31 216.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.55 216.90 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.66 216.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.08 216.90 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.34 216.90 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.75 216.90 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.27 216.90 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.97 216.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.21 216.90 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.03 216.90 Td ($26.76) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.90 216.90 Td ( per squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.70 216.90 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.78 216.90 Td (oot. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.53 216.90 Td (y is curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.11 216.90 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.24 216.90 Td (tly in v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.85 216.90 Td (arious s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.92 216.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.15 216.90 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.57 216.90 Td (es of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 204.90 Td (neg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.87 204.90 Td (otia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.48 204.90 Td (tions f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.67 204.90 Td (or the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.88 204.90 Td (emaining planned space.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (22) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 701.5 m 75.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 688.5 m 75.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 701.5 m 186.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 688.5 m 186.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 701.5 m 241.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 688.5 m 241.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 701.5 m 319.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 688.5 m 319.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 701.5 m 372.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 319.5 688.5 m 372.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 701.5 m 377.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 688.5 m 377.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 701.5 m 423.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 688.5 m 423.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 701.5 m 459.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 688.5 m 459.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 701.5 m 506.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.5 688.5 m 506.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 701.5 m 550.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 688.5 m 550.5 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 675.5 m 75.5 675.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 639.5 m 75.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 675.5 m 186.5 675.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 639.5 m 186.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 675.5 m 241.5 675.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 639.5 m 241.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 675.5 m 319.5 675.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 639.5 m 319.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 319.5 675.5 m 372.5 675.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 319.5 639.5 m 372.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 675.5 m 377.5 675.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 639.5 m 377.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 675.5 m 423.5 675.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 639.5 m 423.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 675.5 m 459.5 675.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 639.5 m 459.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.5 675.5 m 506.5 675.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.5 639.5 m 506.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 675.5 m 550.5 675.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 639.5 m 550.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 529.5 m 75.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 529.5 m 186.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 529.5 m 319.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 529.5 m 75.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 514.5 m 75.5 514.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 529.5 m 186.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 514.5 m 186.5 514.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 529.5 m 241.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 514.5 m 241.5 514.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 529.5 m 319.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 514.5 m 319.5 514.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 319.5 529.5 m 372.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 319.5 514.5 m 372.5 514.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 529.5 m 377.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 514.5 m 377.5 514.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 529.5 m 423.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 514.5 m 423.5 514.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 529.5 m 459.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 514.5 m 459.5 514.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.5 529.5 m 506.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.5 514.5 m 506.5 514.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 529.5 m 550.5 529.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 514.5 m 550.5 514.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 353.5 m 75.5 353.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 338.5 m 75.5 338.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 353.5 m 186.5 353.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 338.5 m 186.5 338.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 353.5 m 241.5 353.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 338.5 m 241.5 338.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 353.5 m 319.5 353.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 338.5 m 319.5 338.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 319.5 353.5 m 372.5 353.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 319.5 338.5 m 372.5 338.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 353.5 m 377.5 353.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 338.5 m 377.5 338.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 353.5 m 423.5 353.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 338.5 m 423.5 338.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 353.5 m 459.5 353.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 338.5 m 459.5 338.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.5 353.5 m 506.5 353.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.5 338.5 m 506.5 338.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 353.5 m 550.5 353.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 338.5 m 550.5 338.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 231.5 m 75.5 231.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 231.5 m 186.5 231.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 231.5 m 241.5 231.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 231.5 m 319.5 231.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 319.5 231.5 m 372.5 231.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 231.5 m 377.5 231.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 231.5 m 423.5 231.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 231.5 m 459.5 231.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.5 231.5 m 506.5 231.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 231.5 m 550.5 231.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 231.5 m 75.5 231.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 216.5 m 75.5 216.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 216.5 m 75.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 194.5 m 75.5 194.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 216.5 m 186.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 194.5 m 186.5 194.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 216.5 m 241.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 194.5 m 241.5 194.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 216.5 m 319.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 194.5 m 319.5 194.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 319.5 216.5 m 372.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 194.5 m 372.5 194.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 216.5 m 377.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 194.5 m 377.5 194.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 216.5 m 423.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 194.5 m 423.5 194.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 216.5 m 459.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 194.5 m 459.5 194.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.5 216.5 m 506.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 194.5 m 506.5 194.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 216.5 m 550.5 216.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 194.5 m 550.5 194.5 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 692.25 Td (As at March 31, 2014) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 679.25 Td (\(thousands of dollars, except for other data\)) Tj ET Q BT /F3 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 643.88 Td (Count/Property) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 198.15 658.88 Td (Building t) Tj ET Q q 0 0 0 rg BT 226.88 658.88 Td (o ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 206.95 651.38 Td (LEED ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 199.30 643.88 Td (St) Tj ET Q q 0 0 0 rg BT 205.17 643.88 Td (andar) Tj ET Q q 0 0 0 rg BT 222.75 643.88 Td (ds) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 246.00 643.88 Td (Tenants) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 332.85 658.88 Td (Square Feet) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 349.95 651.38 Td (Under) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 327.90 643.88 Td (Development) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 401.15 658.88 Td (Target) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 384.55 651.38 Td (Completion) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 405.65 643.88 Td (Date) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 430.05 666.38 Td (Es) Tj ET Q q 0 0 0 rg BT 436.56 666.38 Td (t. Cos) Tj ET Q q 0 0 0 rg BT 453.47 666.38 Td (t ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 443.55 658.88 Td (incl.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 441.35 651.38 Td (Land ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 441.30 643.88 Td (T) Tj ET Q q 0 0 0 rg BT 444.29 643.88 Td (ot) Tj ET Q q 0 0 0 rg BT 450.66 643.88 Td (al ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 468.75 651.38 Td (In) Tj ET Q q 0 0 0 rg BT 474.46 651.38 Td (v) Tj ET Q q 0 0 0 rg BT 477.77 651.38 Td (es) Tj ET Q q 0 0 0 rg BT 484.35 651.38 Td (tmen) Tj ET Q q 0 0 0 rg BT 500.46 651.38 Td (t) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 489.65 643.88 Td (Cos) Tj ET Q q 0 0 0 rg BT 500.45 643.88 Td (t ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 525.55 651.38 Td (Cos) Tj ET Q q 0 0 0 rg BT 536.35 651.38 Td (t t) Tj ET Q q 0 0 0 rg BT 543.00 651.38 Td (o) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 517.50 643.88 Td (Comple) Tj ET Q q 0 0 0 rg BT 540.80 643.88 Td (t) Tj ET Q q 0 0 0 rg BT 543.23 643.88 Td (e) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 78.00 629.25 Td (Same property with incremental redevelopment and expansion active development) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 615.25 Td (Carrefour St-Hubert,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 606.25 Td (Longueuil, QC) Tj ET Q /GS0 gs q 7.07 0 0 8.78 209.95 613.22 cm /I8 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.00 615.25 Td (RBC Royal Bank) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.15 615.25 Td (7,580) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 615.25 Td (Q3, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 615.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.15 615.25 Td (3,839) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.00 615.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.15 615.25 Td (1,201) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.00 615.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.75 615.25 Td (2,638) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 592.25 Td (Carrefour St-David,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 583.25 Td (Beauport, QC) Tj ET Q /GS0 gs q 7.86 0 0 9.76 209.55 589.24 cm /I9 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.00 592.25 Td (Golds Gym) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.15 592.25 Td (3,800) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 592.25 Td (Q3, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.15 592.25 Td (2,505) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.95 592.25 Td (563) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.75 592.25 Td (1,942) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 569.25 Td (Tomken Plaza,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 560.25 Td (Mississauga, ON) Tj ET Q /GS0 gs q 7.86 0 0 9.76 209.55 566.24 cm /I10 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.00 569.25 Td (Bulk Barn) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.15 569.25 Td (6,125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 569.25 Td (Q3, 2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.15 569.25 Td (3,492) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.15 569.25 Td (1,381) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.75 569.25 Td (2,111) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 546.25 Td (Grimsby Square Shopping) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 537.25 Td (Centre, Grimsby, ON) Tj ET Q /GS0 gs q 7.86 0 0 9.76 209.55 543.24 cm /I11 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.00 546.25 Td (Various tenants) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.15 546.25 Td (4,870) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 546.25 Td (Q2, 2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.15 546.25 Td (4,530) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.15 546.25 Td (2,360) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.75 546.25 Td (2,170) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.65 520.25 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.55 520.25 Td (22,375) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 520.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.55 520.25 Td (14,366) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.00 520.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.15 520.25 Td (5,505) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.00 520.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.75 520.25 Td (8,861) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 78.00 505.25 Td (Same pr) Tj ET Q q 0 0 0 rg BT 108.50 505.25 Td (operty with incr) Tj ET Q q 0 0 0 rg BT 168.12 505.25 Td (emen) Tj ET Q q 0 0 0 rg BT 189.25 505.25 Td (t) Tj ET Q q 0 0 0 rg BT 192.28 505.25 Td (al r) Tj ET Q q 0 0 0 rg BT 204.07 505.25 Td (ede) Tj ET Q q 0 0 0 rg BT 217.92 505.25 Td (v) Tj ET Q q 0 0 0 rg BT 222.09 505.25 Td (elopmen) Tj ET Q q 0 0 0 rg BT 255.10 505.25 Td (t and e) Tj ET Q q 0 0 0 rg BT 280.78 505.25 Td (xpansion a) Tj ET Q q 0 0 0 rg BT 327.40 505.25 Td (t c) Tj ET Q q 0 0 0 rg BT 336.28 505.25 Td (omple) Tj ET Q q 0 0 0 rg BT 359.94 505.25 Td (tion ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 376.98 509.54 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 489.25 Td (Credit Valley Town Plaza) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 480.25 Td (Mississauga, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 471.25 Td () Tj ET Q /GS0 gs q 7.07 0 0 8.78 209.95 487.22 cm /I12 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.00 489.25 Td (TD Canada Trust) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.50 489.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 489.25 Td (Q3, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 489.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.95 489.25 Td (262) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.00 489.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.50 489.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.00 489.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.55 489.25 Td (262) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 457.25 Td (Eagleson Place,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 448.25 Td (Ottawa, ON) Tj ET Q /GS0 gs q 7.07 0 0 8.78 209.95 455.22 cm /I13 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.00 457.25 Td (Daycare tenant) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.50 457.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 457.25 Td (Q1, 2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.50 457.25 Td (75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.50 457.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.10 457.25 Td (75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 436.25 Td (Galeries des Chesnayes,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 427.25 Td (Terrebonne, QC) Tj ET Q /GS0 gs q 7.07 0 0 8.78 209.95 434.22 cm /I14 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.00 436.25 Td (RBC Royal Bank) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.50 436.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 436.25 Td (Q4, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.95 436.25 Td (585) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.50 436.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.55 436.25 Td (585) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 413.25 Td (Gloucester City Centre,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 404.25 Td (Ottawa, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.00 413.25 Td (Rexall, Pet Valu) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.50 413.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 413.25 Td (Q4, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.15 413.25 Td (1,084) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.50 413.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.75 413.25 Td (1,084) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 390.25 Td (Place Nelligan,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 381.25 Td (Gatineau, QC) Tj ET Q /GS0 gs q 7.07 0 0 8.78 209.95 388.22 cm /I15 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.00 390.25 Td (Dollarama) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.50 390.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 390.25 Td (Q4, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.50 390.25 Td (74) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.50 390.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.10 390.25 Td (74) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 369.25 Td (Red Deer Village,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 360.25 Td (Red Deer, AB) Tj ET Q /GS0 gs q 7.07 0 0 8.78 209.95 367.22 cm /I16 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.00 369.25 Td (Various tenants) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.50 369.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 369.25 Td (Q1, 2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.95 369.25 Td (352) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.50 369.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.55 369.25 Td (352) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.65 344.25 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.50 344.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 344.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.15 344.25 Td (2,432) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.00 344.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.50 344.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.00 344.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.75 344.25 Td (2,432) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 78.00 329.25 Td (Same property with incremental redevelopment and expansion in pre-development) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 314.25 Td (Place Lorraine,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 305.25 Td (Lorraine, QC) Tj ET Q /GS0 gs q 7.07 0 0 8.78 209.95 312.22 cm /I17 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.55 314.25 Td (13,543) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 314.25 Td (Q4, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 314.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.55 314.25 Td (15,601) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.00 314.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.15 314.25 Td (2,045) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.00 314.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.15 314.25 Td (13,556) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 291.25 Td ( Carrefour Belvedere,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 282.25 Td (Sherbrooke, QC) Tj ET Q /GS0 gs q 7.07 0 0 8.78 209.95 289.22 cm /I18 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.55 291.25 Td (14,200) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 291.25 Td (Q3, 2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.55 291.25 Td (14,885) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.15 291.25 Td (8,557) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.75 291.25 Td (6,328) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 268.25 Td (Loblaws Plaza,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 259.25 Td (Ottawa, ON) Tj ET Q /GS0 gs q 7.07 0 0 8.78 209.95 266.22 cm /I19 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.15 268.25 Td (8,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.85 268.25 Td (Q2, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.15 268.25 Td (6,955) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.15 268.25 Td (2,965) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.75 268.25 Td (3,990) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 245.25 Td (KingsClub \(R) Tj ET Q q 0 0 0 rg BT 123.04 245.25 Td (e) Tj ET Q q 0 0 0 rg BT 127.47 245.25 Td (t) Tj ET Q q 0 0 0 rg BT 130.37 245.25 Td (ail\), ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 236.25 Td (T) Tj ET Q q 0 0 0 rg BT 90.59 236.25 Td (or) Tj ET Q q 0 0 0 rg BT 98.32 236.25 Td (on) Tj ET Q q 0 0 0 rg BT 107.72 236.25 Td (t) Tj ET Q q 0 0 0 rg BT 110.64 236.25 Td (o) Tj ET Q q 0 0 0 rg BT 115.23 236.25 Td (, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 339.00 245.25 Td (158,160) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.15 245.25 Td (9,279) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.15 245.25 Td (5,765) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.75 245.25 Td (3,514) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.65 221.25 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 339.00 221.25 Td (193,903) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 221.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.55 221.25 Td (46,720) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.00 221.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.55 221.25 Td (19,332) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.00 221.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.15 221.25 Td (27,388) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.10 203.25 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 78.00 207.25 Td (Total same property with incremental redevelopment and) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 198.25 Td (expansion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 339.00 199.25 Td (216,278) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.00 199.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.55 199.25 Td (63,518) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.00 199.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.55 199.25 Td (24,837) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.00 199.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.15 199.25 Td (38,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.00 195.00 Td ( ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 186.94 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 183.60 Td (Cos) Tj ET Q q 0 0 0 rg BT 73.08 183.60 Td (ts t) Tj ET Q q 0 0 0 rg BT 82.02 183.60 Td (o c) Tj ET Q q 0 0 0 rg BT 90.20 183.60 Td (omple) Tj ET Q q 0 0 0 rg BT 108.21 183.60 Td (t) Tj ET Q q 0 0 0 rg BT 110.48 183.60 Td (e r) Tj ET Q q 0 0 0 rg BT 117.90 183.60 Td (ela) Tj ET Q q 0 0 0 rg BT 126.27 183.60 Td (t) Tj ET Q q 0 0 0 rg BT 128.54 183.60 Td (e t) Tj ET Q q 0 0 0 rg BT 135.88 183.60 Td (o t) Tj ET Q q 0 0 0 rg BT 143.43 183.60 Td (enan) Tj ET Q q 0 0 0 rg BT 157.55 183.60 Td (t impr) Tj ET Q q 0 0 0 rg BT 174.69 183.60 Td (o) Tj ET Q q 0 0 0 rg BT 178.35 183.60 Td (v) Tj ET Q q 0 0 0 rg BT 181.44 183.60 Td (emen) Tj ET Q q 0 0 0 rg BT 197.61 183.60 Td (ts and other similar r) Tj ET Q q 0 0 0 rg BT 256.66 183.60 Td (esidual e) Tj ET Q q 0 0 0 rg BT 281.76 183.60 Td (xpenditur) Tj ET Q q 0 0 0 rg BT 309.29 183.60 Td (es. ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (23) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 694.50 Td (In addition t) Tj ET Q q 0 0 0 rg BT 103.31 694.50 Td (o the pr) Tj ET Q q 0 0 0 rg BT 135.26 694.50 Td (ojects lis) Tj ET Q q 0 0 0 rg BT 170.04 694.50 Td (t) Tj ET Q q 0 0 0 rg BT 173.29 694.50 Td (ed in the t) Tj ET Q q 0 0 0 rg BT 214.65 694.50 Td (able abo) Tj ET Q q 0 0 0 rg BT 249.50 694.50 Td (v) Tj ET Q q 0 0 0 rg BT 253.92 694.50 Td (e, the same pr) Tj ET Q q 0 0 0 rg BT 312.00 694.50 Td (operty with incr) Tj ET Q q 0 0 0 rg BT 376.56 694.50 Td (emen) Tj ET Q q 0 0 0 rg BT 399.66 694.50 Td (t) Tj ET Q q 0 0 0 rg BT 402.89 694.50 Td (al r) Tj ET Q q 0 0 0 rg BT 415.59 694.50 Td (ede) Tj ET Q q 0 0 0 rg BT 430.75 694.50 Td (v) Tj ET Q q 0 0 0 rg BT 435.17 694.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 471.09 694.50 Td (t and e) Tj ET Q q 0 0 0 rg BT 499.08 694.50 Td (xpansion ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 682.50 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 682.50 Td (ojects include ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.79 682.50 Td (thr) Tj ET Q q 0 0 0 rg BT 132.75 682.50 Td (ee) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 142.70 682.50 Td ( pr) Tj ET Q q 0 0 0 rg BT 153.54 682.50 Td (operties with pr) Tj ET Q q 0 0 0 rg BT 218.20 682.50 Td (ojects c) Tj ET Q q 0 0 0 rg BT 248.74 682.50 Td (omple) Tj ET Q q 0 0 0 rg BT 274.47 682.50 Td (t) Tj ET Q q 0 0 0 rg BT 277.72 682.50 Td (ed in prior periods. A further ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 396.47 682.50 Td (eigh) Tj ET Q q 0 0 0 rg BT 413.61 682.50 Td (t) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 416.96 682.50 Td ( pr) Tj ET Q q 0 0 0 rg BT 427.80 682.50 Td (operties ha) Tj ET Q q 0 0 0 rg BT 473.46 682.50 Td (v) Tj ET Q q 0 0 0 rg BT 477.88 682.50 Td (e pr) Tj ET Q q 0 0 0 rg BT 493.69 682.50 Td (ojects in the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 670.50 Td (early pr) Tj ET Q q 0 0 0 rg BT 84.94 670.50 Td (e-de) Tj ET Q q 0 0 0 rg BT 103.16 670.50 Td (v) Tj ET Q q 0 0 0 rg BT 107.58 670.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 143.50 670.50 Td (t and adv) Tj ET Q q 0 0 0 rg BT 181.08 670.50 Td (anced planning s) Tj ET Q q 0 0 0 rg BT 249.01 670.50 Td (t) Tj ET Q q 0 0 0 rg BT 252.24 670.50 Td (ag) Tj ET Q q 0 0 0 rg BT 261.65 670.50 Td (es. These pr) Tj ET Q q 0 0 0 rg BT 310.15 670.50 Td (ojects, t) Tj ET Q q 0 0 0 rg BT 342.29 670.50 Td (og) Tj ET Q q 0 0 0 rg BT 352.19 670.50 Td (e) Tj ET Q q 0 0 0 rg BT 357.11 670.50 Td (ther with the pr) Tj ET Q q 0 0 0 rg BT 421.16 670.50 Td (ojects lis) Tj ET Q q 0 0 0 rg BT 455.94 670.50 Td (t) Tj ET Q q 0 0 0 rg BT 459.19 670.50 Td (ed in the t) Tj ET Q q 0 0 0 rg BT 500.55 670.50 Td (able abo) Tj ET Q q 0 0 0 rg BT 535.40 670.50 Td (v) Tj ET Q q 0 0 0 rg BT 539.82 670.50 Td (e, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 658.50 Td (mak) Tj ET Q q 0 0 0 rg BT 71.00 658.50 Td (e up the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 106.85 658.50 Td (25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.98 658.50 Td ( pr) Tj ET Q q 0 0 0 rg BT 127.82 658.50 Td (operties classified as same pr) Tj ET Q q 0 0 0 rg BT 246.34 658.50 Td (operty with incr) Tj ET Q q 0 0 0 rg BT 310.90 658.50 Td (emen) Tj ET Q q 0 0 0 rg BT 334.00 658.50 Td (t) Tj ET Q q 0 0 0 rg BT 337.23 658.50 Td (al r) Tj ET Q q 0 0 0 rg BT 349.93 658.50 Td (ede) Tj ET Q q 0 0 0 rg BT 365.09 658.50 Td (v) Tj ET Q q 0 0 0 rg BT 369.51 658.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 405.43 658.50 Td (t and e) Tj ET Q q 0 0 0 rg BT 433.42 658.50 Td (xpansion. F) Tj ET Q q 0 0 0 rg BT 479.03 658.50 Td (or de) Tj ET Q q 0 0 0 rg BT 500.23 658.50 Td (t) Tj ET Q q 0 0 0 rg BT 503.45 658.50 Td (ails on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 646.50 Td (select same pr) Tj ET Q q 0 0 0 rg BT 112.50 646.50 Td (operty with incr) Tj ET Q q 0 0 0 rg BT 177.07 646.50 Td (emen) Tj ET Q q 0 0 0 rg BT 200.17 646.50 Td (t) Tj ET Q q 0 0 0 rg BT 203.39 646.50 Td (al r) Tj ET Q q 0 0 0 rg BT 216.09 646.50 Td (ede) Tj ET Q q 0 0 0 rg BT 231.25 646.50 Td (v) Tj ET Q q 0 0 0 rg BT 235.67 646.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 271.59 646.50 Td (t and e) Tj ET Q q 0 0 0 rg BT 299.59 646.50 Td (xpansion, r) Tj ET Q q 0 0 0 rg BT 344.06 646.50 Td (e) Tj ET Q q 0 0 0 rg BT 348.95 646.50 Td (f) Tj ET Q q 0 0 0 rg BT 351.75 646.50 Td (er t) Tj ET Q q 0 0 0 rg BT 365.72 646.50 Td (o the Compan) Tj ET Q q 0 0 0 rg BT 422.80 646.50 Td (y) Tj ET Q q 0 0 0 rg BT 427.63 646.50 Td () Tj ET Q q 0 0 0 rg BT 429.52 646.50 Td (s 2013 Annual R) Tj ET Q q 0 0 0 rg BT 494.37 646.50 Td (eport. ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 627.30 Td (Major R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.42 627.30 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.94 627.30 Td (velopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.76 627.30 Td (t and Ground-up De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.76 627.30 Td (velopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.57 627.30 Td (t) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 612.30 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 612.30 Td (y) Tj ET Q q 0 0 0 rg BT 109.90 612.30 Td () Tj ET Q q 0 0 0 rg BT 111.78 612.30 Td (s pr) Tj ET Q q 0 0 0 rg BT 126.53 612.30 Td (operties with major r) Tj ET Q q 0 0 0 rg BT 212.17 612.30 Td (ede) Tj ET Q q 0 0 0 rg BT 227.33 612.30 Td (v) Tj ET Q q 0 0 0 rg BT 231.74 612.30 Td (elopmen) Tj ET Q q 0 0 0 rg BT 267.67 612.30 Td (t or gr) Tj ET Q q 0 0 0 rg BT 292.33 612.30 Td (ound-up de) Tj ET Q q 0 0 0 rg BT 339.38 612.30 Td (v) Tj ET Q q 0 0 0 rg BT 343.79 612.30 Td (elopmen) Tj ET Q q 0 0 0 rg BT 379.72 612.30 Td (t curr) Tj ET Q q 0 0 0 rg BT 401.65 612.30 Td (en) Tj ET Q q 0 0 0 rg BT 411.79 612.30 Td (tly in pr) Tj ET Q q 0 0 0 rg BT 442.61 612.30 Td (ogr) Tj ET Q q 0 0 0 rg BT 455.94 612.30 Td (ess or a) Tj ET Q q 0 0 0 rg BT 486.72 612.30 Td (t c) Tj ET Q q 0 0 0 rg BT 496.48 612.30 Td (omple) Tj ET Q q 0 0 0 rg BT 522.21 612.30 Td (tion ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 600.30 Td (ar) Tj ET Q q 0 0 0 rg BT 62.14 600.30 Td (e e) Tj ET Q q 0 0 0 rg BT 74.21 600.30 Td (xpect) Tj ET Q q 0 0 0 rg BT 96.24 600.30 Td (ed t) Tj ET Q q 0 0 0 rg BT 111.98 600.30 Td (o yield a w) Tj ET Q q 0 0 0 rg BT 155.23 600.30 Td (eigh) Tj ET Q q 0 0 0 rg BT 172.37 600.30 Td (t) Tj ET Q q 0 0 0 rg BT 175.61 600.30 Td (ed a) Tj ET Q q 0 0 0 rg BT 192.73 600.30 Td (v) Tj ET Q q 0 0 0 rg BT 197.14 600.30 Td (er) Tj ET Q q 0 0 0 rg BT 205.40 600.30 Td (ag) Tj ET Q q 0 0 0 rg BT 214.82 600.30 Td (e g) Tj ET Q q 0 0 0 rg BT 226.69 600.30 Td (oing-in NOI yield of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 307.14 600.30 Td (6.3%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 326.95 600.30 Td ( on c) Tj ET Q q 0 0 0 rg BT 346.14 600.30 Td (omple) Tj ET Q q 0 0 0 rg BT 371.88 600.30 Td (tion, and r) Tj ET Q q 0 0 0 rg BT 413.64 600.30 Td (ang) Tj ET Q q 0 0 0 rg BT 428.31 600.30 Td (e fr) Tj ET Q q 0 0 0 rg BT 441.92 600.30 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.45 600.30 Td (5.6%-7.4%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 500.13 600.30 Td (. This yield ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 588.30 Td (is deriv) Tj ET Q q 0 0 0 rg BT 82.90 588.30 Td (ed fr) Tj ET Q q 0 0 0 rg BT 101.76 588.30 Td (om the e) Tj ET Q q 0 0 0 rg BT 137.95 588.30 Td (xpect) Tj ET Q q 0 0 0 rg BT 159.98 588.30 Td (ed run r) Tj ET Q q 0 0 0 rg BT 192.01 588.30 Td (a) Tj ET Q q 0 0 0 rg BT 196.71 588.30 Td (t) Tj ET Q q 0 0 0 rg BT 199.95 588.30 Td (e based on s) Tj ET Q q 0 0 0 rg BT 250.22 588.30 Td (t) Tj ET Q q 0 0 0 rg BT 253.44 588.30 Td (abiliz) Tj ET Q q 0 0 0 rg BT 274.10 588.30 Td (ed leasing and oper) Tj ET Q q 0 0 0 rg BT 353.42 588.30 Td (a) Tj ET Q q 0 0 0 rg BT 358.12 588.30 Td (tions f) Tj ET Q q 0 0 0 rg BT 383.30 588.30 Td (ollo) Tj ET Q q 0 0 0 rg BT 398.40 588.30 Td (wing c) Tj ET Q q 0 0 0 rg BT 424.21 588.30 Td (omple) Tj ET Q q 0 0 0 rg BT 449.94 588.30 Td (tion of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 576.30 Td (de) Tj ET Q q 0 0 0 rg BT 64.18 576.30 Td (v) Tj ET Q q 0 0 0 rg BT 68.60 576.30 Td (elopmen) Tj ET Q q 0 0 0 rg BT 104.52 576.30 Td (t, and includes all building c) Tj ET Q q 0 0 0 rg BT 216.57 576.30 Td (os) Tj ET Q q 0 0 0 rg BT 225.64 576.30 Td (t, land c) Tj ET Q q 0 0 0 rg BT 257.75 576.30 Td (os) Tj ET Q q 0 0 0 rg BT 266.82 576.30 Td (t, in) Tj ET Q q 0 0 0 rg BT 282.38 576.30 Td (t) Tj ET Q q 0 0 0 rg BT 285.62 576.30 Td (er) Tj ET Q q 0 0 0 rg BT 293.95 576.30 Td (es) Tj ET Q q 0 0 0 rg BT 302.73 576.30 Td (t and other c) Tj ET Q q 0 0 0 rg BT 354.64 576.30 Td (arr) Tj ET Q q 0 0 0 rg BT 366.45 576.30 Td (ying c) Tj ET Q q 0 0 0 rg BT 389.64 576.30 Td (os) Tj ET Q q 0 0 0 rg BT 398.71 576.30 Td (ts as w) Tj ET Q q 0 0 0 rg BT 426.26 576.30 Td (ell as c) Tj ET Q q 0 0 0 rg BT 453.19 576.30 Td (apit) Tj ET Q q 0 0 0 rg BT 468.76 576.30 Td (aliz) Tj ET Q q 0 0 0 rg BT 481.86 576.30 Td (ed s) Tj ET Q q 0 0 0 rg BT 498.15 576.30 Td (t) Tj ET Q q 0 0 0 rg BT 501.38 576.30 Td (a) Tj ET Q q 0 0 0 rg BT 506.11 576.30 Td (f) Tj ET Q q 0 0 0 rg BT 509.06 576.30 Td (f ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 564.30 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 564.30 Td (ompensa) Tj ET Q q 0 0 0 rg BT 95.50 564.30 Td (tion and other e) Tj ET Q q 0 0 0 rg BT 160.91 564.30 Td (xpenses. Ho) Tj ET Q q 0 0 0 rg BT 209.78 564.30 Td (w) Tj ET Q q 0 0 0 rg BT 216.84 564.30 Td (e) Tj ET Q q 0 0 0 rg BT 221.76 564.30 Td (v) Tj ET Q q 0 0 0 rg BT 226.18 564.30 Td (er) Tj ET Q q 0 0 0 rg BT 233.79 564.30 Td (, actual r) Tj ET Q q 0 0 0 rg BT 268.79 564.30 Td (a) Tj ET Q q 0 0 0 rg BT 273.49 564.30 Td (t) Tj ET Q q 0 0 0 rg BT 276.73 564.30 Td (es of r) Tj ET Q q 0 0 0 rg BT 301.82 564.30 Td (e) Tj ET Q q 0 0 0 rg BT 306.74 564.30 Td (turn c) Tj ET Q q 0 0 0 rg BT 330.49 564.30 Td (ould dif) Tj ET Q q 0 0 0 rg BT 361.33 564.30 Td (f) Tj ET Q q 0 0 0 rg BT 364.13 564.30 Td (er if un) Tj ET Q q 0 0 0 rg BT 392.91 564.30 Td (f) Tj ET Q q 0 0 0 rg BT 395.75 564.30 Td (or) Tj ET Q q 0 0 0 rg BT 404.38 564.30 Td (eseen e) Tj ET Q q 0 0 0 rg BT 435.66 564.30 Td (v) Tj ET Q q 0 0 0 rg BT 440.08 564.30 Td (en) Tj ET Q q 0 0 0 rg BT 450.22 564.30 Td (ts c) Tj ET Q q 0 0 0 rg BT 463.88 564.30 Td (ause actual r) Tj ET Q q 0 0 0 rg BT 515.40 564.30 Td (esults ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 552.30 Td (t) Tj ET Q q 0 0 0 rg BT 57.25 552.30 Td (o dif) Tj ET Q q 0 0 0 rg BT 75.29 552.30 Td (f) Tj ET Q q 0 0 0 rg BT 78.09 552.30 Td (er fr) Tj ET Q q 0 0 0 rg BT 95.19 552.30 Td (om assump) Tj ET Q q 0 0 0 rg BT 141.78 552.30 Td (tions. The yield r) Tj ET Q q 0 0 0 rg BT 208.97 552.30 Td (e) Tj ET Q q 0 0 0 rg BT 213.86 552.30 Td (flects the Compan) Tj ET Q q 0 0 0 rg BT 287.48 552.30 Td (y's high s) Tj ET Q q 0 0 0 rg BT 323.95 552.30 Td (t) Tj ET Q q 0 0 0 rg BT 327.18 552.30 Td (andar) Tj ET Q q 0 0 0 rg BT 350.62 552.30 Td (ds in c) Tj ET Q q 0 0 0 rg BT 376.00 552.30 Td (ons) Tj ET Q q 0 0 0 rg BT 390.32 552.30 Td (truction, ligh) Tj ET Q q 0 0 0 rg BT 442.03 552.30 Td (ting) Tj ET Q q 0 0 0 rg BT 457.75 552.30 Td (, parking) Tj ET Q q 0 0 0 rg BT 492.95 552.30 Td (, access, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 540.30 Td (pedes) Tj ET Q q 0 0 0 rg BT 78.26 540.30 Td (trian amenities, accessibility as w) Tj ET Q q 0 0 0 rg BT 212.92 540.30 Td (ell as de) Tj ET Q q 0 0 0 rg BT 245.89 540.30 Td (v) Tj ET Q q 0 0 0 rg BT 250.31 540.30 Td (elopmen) Tj ET Q q 0 0 0 rg BT 286.23 540.30 Td (t t) Tj ET Q q 0 0 0 rg BT 295.09 540.30 Td (o LEED s) Tj ET Q q 0 0 0 rg BT 328.81 540.30 Td (t) Tj ET Q q 0 0 0 rg BT 332.04 540.30 Td (andar) Tj ET Q q 0 0 0 rg BT 355.47 540.30 Td (ds. The quality of the Compan) Tj ET Q q 0 0 0 rg BT 476.94 540.30 Td (y) Tj ET Q q 0 0 0 rg BT 481.77 540.30 Td () Tj ET Q q 0 0 0 rg BT 483.66 540.30 Td (s c) Tj ET Q q 0 0 0 rg BT 493.98 540.30 Td (ons) Tj ET Q q 0 0 0 rg BT 508.30 540.30 Td (truction ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 528.30 Td (is c) Tj ET Q q 0 0 0 rg BT 66.61 528.30 Td (onsis) Tj ET Q q 0 0 0 rg BT 87.14 528.30 Td (t) Tj ET Q q 0 0 0 rg BT 90.39 528.30 Td (en) Tj ET Q q 0 0 0 rg BT 100.52 528.30 Td (t with its s) Tj ET Q q 0 0 0 rg BT 142.06 528.30 Td (tr) Tj ET Q q 0 0 0 rg BT 148.69 528.30 Td (a) Tj ET Q q 0 0 0 rg BT 153.38 528.30 Td (t) Tj ET Q q 0 0 0 rg BT 156.63 528.30 Td (egy of long t) Tj ET Q q 0 0 0 rg BT 206.71 528.30 Td (erm o) Tj ET Q q 0 0 0 rg BT 230.66 528.30 Td (wner) Tj ET Q q 0 0 0 rg BT 251.35 528.30 Td (ship and v) Tj ET Q q 0 0 0 rg BT 292.26 528.30 Td (alue cr) Tj ET Q q 0 0 0 rg BT 319.42 528.30 Td (ea) Tj ET Q q 0 0 0 rg BT 329.09 528.30 Td (tion. ) Tj ET Q BT /F6 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 510.30 Td (Major R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.11 510.30 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.13 510.30 Td (velopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.87 510.30 Td (t) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 495.30 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 495.30 Td (y classifies ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 149.78 495.30 Td (14) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.92 495.30 Td ( pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.76 495.30 Td (operties t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.79 495.30 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.29 495.30 Td (alling ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 242.19 495.30 Td ($1.1 billion) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.14 495.30 Td ( in in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.59 495.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.01 495.30 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.79 495.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.03 495.30 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.66 495.30 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.74 495.30 Td (t as pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.89 495.30 Td (operties with major r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.52 495.30 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.68 495.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.10 495.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.02 495.30 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 483.30 Td (activities. Of the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.56 483.30 Td (230,885) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.47 483.30 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.29 483.30 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.33 483.30 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.23 483.30 Td (t under activ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.41 483.30 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.00 483.30 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.15 483.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.57 483.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.50 483.30 Td (t, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.60 483.30 Td (75,545) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.44 483.30 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.26 483.30 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.30 483.30 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.20 483.30 Td (t is subject t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.15 483.30 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 458.83 483.30 Td (ommit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.59 483.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.83 483.30 Td (ed leases, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 471.30 Td (including a supermark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.52 471.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.44 471.30 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.29 471.30 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.47 471.30 Td (t, a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.27 471.30 Td (t a w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.00 471.30 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.13 471.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.38 471.30 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.49 471.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.91 471.30 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.17 471.30 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.58 471.30 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.10 471.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.80 471.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.04 471.30 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.86 471.30 Td ($25.11) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.73 471.30 Td ( per squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.53 471.30 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 384.61 471.30 Td (oot. In addition, appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.46 471.30 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.54 471.30 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.85 471.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.10 471.30 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.15 471.30 Td (38,800) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 539.99 471.30 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 459.30 Td (squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.56 459.30 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.60 459.30 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.50 459.30 Td (t of space is in the la) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.22 459.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.43 459.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.67 459.30 Td (er s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.20 459.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.42 459.30 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.84 459.30 Td (es of lease neg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.65 459.30 Td (otia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.26 459.30 Td (tions with tw) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.32 459.30 Td (o na) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.80 459.30 Td (tional r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.68 459.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.60 459.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.83 459.30 Td (ailer) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.50 459.30 Td (s. As c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.30 459.30 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.62 459.30 Td (truction on these ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 447.30 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 447.30 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.51 447.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.93 447.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.85 447.30 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.04 447.30 Td (ojects is phased, ther) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.03 447.30 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.41 447.30 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.84 447.30 Td (tinues t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.40 447.30 Td (o be ong) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.59 447.30 Td (oing neg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.25 447.30 Td (otia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.86 447.30 Td (tions in v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.38 447.30 Td (arious s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.45 447.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.68 447.30 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.09 447.30 Td (es with cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.47 447.30 Td (ain r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.42 447.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.34 447.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.57 447.30 Td (ailer) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 522.24 447.30 Td (s f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 531.26 447.30 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 435.30 Td (the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.19 435.30 Td (emaining planned space. F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.75 435.30 Td (or de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.95 435.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.18 435.30 Td (ails on cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.43 435.30 Td (ain major r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.58 435.30 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.74 435.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.16 435.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.08 435.30 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.27 435.30 Td (operties, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.90 435.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.79 435.30 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.59 435.30 Td (er t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.56 435.30 Td (o the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.64 435.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.47 435.30 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.36 435.30 Td (s 2013 Annual ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 423.30 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 423.30 Td (eport.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 405.30 Td (Highligh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.94 405.30 Td (ts of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.60 405.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.43 405.30 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.31 405.30 Td (s curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.81 405.30 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.94 405.30 Td (t major r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.10 405.30 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.26 405.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.67 405.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.60 405.30 Td (t under) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.49 405.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.52 405.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.13 405.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.94 405.30 Td (, including c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 379.94 405.30 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.01 405.30 Td (ts f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.37 405.30 Td (or c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.54 405.30 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.27 405.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.51 405.30 Td (ed phases, ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.00 405.30 Td (e as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.04 405.30 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 535.14 405.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 542.20 405.30 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 394.79999999999995 m 70.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 379.79999999999995 m 70.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 70.5 394.79999999999995 m 131.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 70.5 379.79999999999995 m 131.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 394.79999999999995 m 177.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 131.5 379.79999999999995 m 177.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 394.79999999999995 m 236.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 177.5 379.79999999999995 m 236.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 394.79999999999995 m 276.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 379.79999999999995 m 276.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 394.79999999999995 m 311.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 276.5 379.79999999999995 m 311.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 394.79999999999995 m 321.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 311.5 379.79999999999995 m 321.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 394.79999999999995 m 364.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.5 379.79999999999995 m 364.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 394.79999999999995 m 401.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 379.79999999999995 m 401.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 394.79999999999995 m 436.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 379.79999999999995 m 436.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 394.79999999999995 m 472.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 379.79999999999995 m 472.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 394.79999999999995 m 487.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 379.79999999999995 m 487.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 394.79999999999995 m 523.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 379.79999999999995 m 523.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 394.79999999999995 m 547.5 394.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.5 379.79999999999995 m 547.5 379.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 364.79999999999995 m 70.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 70.5 364.79999999999995 m 131.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 131.5 364.79999999999995 m 177.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 177.5 364.79999999999995 m 236.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 364.79999999999995 m 276.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 276.5 364.79999999999995 m 311.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 311.5 364.79999999999995 m 321.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.5 364.79999999999995 m 364.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 364.79999999999995 m 401.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 364.79999999999995 m 436.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 364.79999999999995 m 472.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 364.79999999999995 m 487.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 364.79999999999995 m 523.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.5 364.79999999999995 m 547.5 364.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 331.79999999999995 m 70.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 70.5 331.79999999999995 m 131.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 131.5 331.79999999999995 m 177.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 177.5 331.79999999999995 m 236.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 331.79999999999995 m 276.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 276.5 331.79999999999995 m 311.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 311.5 331.79999999999995 m 321.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.5 331.79999999999995 m 364.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 331.79999999999995 m 401.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 331.79999999999995 m 436.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 331.79999999999995 m 472.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 331.79999999999995 m 487.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 331.79999999999995 m 523.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.5 331.79999999999995 m 547.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 203.79999999999995 m 70.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 188.79999999999995 m 70.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 70.5 203.79999999999995 m 131.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 70.5 188.79999999999995 m 131.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 131.5 203.79999999999995 m 177.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 188.79999999999995 m 177.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 177.5 203.79999999999995 m 236.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 188.79999999999995 m 236.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 203.79999999999995 m 276.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 188.79999999999995 m 276.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 276.5 203.79999999999995 m 311.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 188.79999999999995 m 311.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 311.5 203.79999999999995 m 321.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 188.79999999999995 m 321.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.5 203.79999999999995 m 364.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 188.79999999999995 m 364.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 203.79999999999995 m 401.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 188.79999999999995 m 401.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 203.79999999999995 m 436.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 188.79999999999995 m 436.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 203.79999999999995 m 472.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 188.79999999999995 m 472.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 203.79999999999995 m 487.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 188.79999999999995 m 487.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 203.79999999999995 m 523.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 188.79999999999995 m 523.5 188.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.5 203.79999999999995 m 547.5 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 188.79999999999995 m 547.5 188.79999999999995 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 384.30 Td (As at March 31, 2014) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 369.30 Td (\(thousands of dollars, except for other data\)) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 57.00 335.92 Td (Count/Property) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 139.80 348.92 Td (Building to) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 147.45 342.42 Td (LEED) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 140.85 335.92 Td (Standards) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 180.00 335.92 Td (Major Tenants) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 251.55 355.42 Td (Planned) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 241.65 348.92 Td (Square Feet) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 258.55 342.42 Td (Upon) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 242.25 335.92 Td (Completion) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 279.05 348.92 Td (Completed) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 289.65 342.42 Td (Square) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 296.45 335.92 Td (Feet) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 329.65 348.92 Td (Square Feet) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 344.45 342.42 Td (Under) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 325.35 335.92 Td (Development) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 381.65 348.92 Td (Target) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 367.25 342.42 Td (Completion) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 385.60 335.92 Td (Date) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 409.30 348.92 Td (Total Est.) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 409.20 342.42 Td (Cost incl.) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 420.30 335.92 Td (Land) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 439.30 342.42 Td (Investment) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 457.45 335.92 Td (Cost) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 493.65 348.92 Td (Estimated) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 501.40 342.42 Td (Cost to) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 494.45 335.92 Td (Complete) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 534.30 342.42 Td (Fair) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 529.40 335.92 Td (Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 73.00 321.55 Td (Major redevelopment with active development) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 73.00 308.30 Td (Centre Dachats) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 300.30 Td (Ville Mont-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 292.30 Td (Royal,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 284.30 Td (Montreal, QC) Tj ET Q /GS0 gs q 6.29 0 0 7.81 150.85 306.49 cm /I20 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 180.00 308.30 Td (Provigo,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 189.00 300.30 Td (Pharmaprix) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.20 308.30 Td (155,966) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.20 308.30 Td (129,954) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 315.15 315.36 Td (\(1) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 319.40 315.36 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.25 308.30 Td (26,012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.00 308.30 Td (Q3, 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.00 308.30 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.25 308.30 Td (56,492) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.00 308.30 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.25 308.30 Td (26,273) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.00 308.30 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.25 308.30 Td (30,219) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 73.00 271.30 Td (Mount Royal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 263.30 Td (Village,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 255.30 Td (Calgary, AB) Tj ET Q /GS0 gs q 6.29 0 0 7.81 150.85 269.49 cm /I21 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 180.00 271.30 Td (London Drugs,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 189.00 263.30 Td (GoodLife) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 189.00 255.30 Td (Fitness, Oasis) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 189.00 247.30 Td (Spa and) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 189.00 239.30 Td (Wellness) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.20 271.30 Td (296,867) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.20 271.30 Td (204,128) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.25 271.30 Td (92,739) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.00 271.30 Td (Q4, 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.20 271.30 Td (165,082) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.20 271.30 Td (118,064) Tj ET Q BT /F3 5.20 Tf ET q 0 0 0 rg BT 475.00 278.36 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.25 271.30 Td (47,018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 73.00 218.30 Td (Hazelton Lanes,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 210.30 Td (Toronto, ON) Tj ET Q /GS0 gs q 6.29 0 0 7.81 150.85 216.49 cm /I22 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 180.00 218.30 Td (Whole Foods) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 189.00 210.30 Td (Market) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.20 218.30 Td (216,809) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.20 218.30 Td (104,675) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 335.20 218.30 Td (112,134) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.00 218.30 Td (Q2, 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.20 218.30 Td (230,609) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.20 218.30 Td (161,177) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.25 218.30 Td (69,432) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 63.45 195.30 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.20 195.30 Td (669,642) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.20 195.30 Td (438,757) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 335.20 195.30 Td (230,885) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.00 195.30 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.20 195.30 Td (452,183) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.00 195.30 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.20 195.30 Td (305,514) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.00 195.30 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.20 195.30 Td (146,669) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 51 0 obj <> endobj 52 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (24) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 701.5 m 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70.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 424.5 m 70.5 424.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 70.5 439.5 m 141.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 70.5 424.5 m 141.5 424.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 141.5 439.5 m 188.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 424.5 m 188.5 424.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 439.5 m 255.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 424.5 m 255.5 424.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 439.5 m 297.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 424.5 m 297.5 424.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 297.5 439.5 m 332.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 424.5 m 332.5 424.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 439.5 m 344.5 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 424.5 m 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31, 2014) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 681.00 Td (\(thousands of dollars, except for other data\)) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 57.00 651.63 Td (Count/Property) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 151.30 664.63 Td (Building to) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 158.95 658.13 Td (LEED) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 152.35 651.63 Td (Standards) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 191.00 651.63 Td (Major Tenants) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 272.55 670.13 Td (Planned) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 262.65 663.63 Td (Square Feet) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 279.55 657.13 Td (Upon) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 263.25 650.63 Td (Completion) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 300.05 664.63 Td (Completed) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 310.65 658.13 Td (Square) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 317.45 651.63 Td (Feet) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 351.65 664.63 Td (Square Feet) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 366.45 658.13 Td (Under) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 347.35 651.63 Td (Development) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 404.65 664.63 Td (Target) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 390.25 658.13 Td (Completion) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 408.60 651.63 Td (Date) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 434.30 664.63 Td (Total Est.) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 434.20 658.13 Td (Cost incl.) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 445.30 651.63 Td (Land) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 466.30 658.13 Td (Investment) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 484.45 651.63 Td (Cost) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 504.65 664.63 Td (Estimated) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 512.40 658.13 Td (Cost to) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 505.45 651.63 Td (Complete) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 545.30 658.13 Td (Fair) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 540.40 651.63 Td (Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 73.00 638.25 Td (Major redevelopment at completion) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 73.00 624.00 Td (5051 5061 Yonge) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 616.00 Td (St.,Toronto, ON) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 191.00 624.00 Td (Michaels,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 200.00 616.00 Td (Jack Astors) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 271.35 624.00 Td (37,307) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.35 624.00 Td (37,307) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.40 624.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.75 624.00 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 427.00 624.00 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.10 624.00 Td (26,916) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.00 624.00 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.10 624.00 Td (26,916) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.00 624.00 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.15 624.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 73.00 602.00 Td (Chartwell Shopping) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 594.00 Td (Centre, Toronto,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 586.00 Td (ON) Tj ET Q /GS0 gs q 6.29 0 0 7.81 161.35 600.19 cm /I23 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 191.00 602.00 Td (Bestco Food, CIBC,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 200.00 594.00 Td (Dollarama) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.30 602.00 Td (150,486) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.30 602.00 Td (150,486) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.40 602.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.75 602.00 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.10 602.00 Td (51,725) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.10 602.00 Td (51,725) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.15 602.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 73.00 573.00 Td (Port Place Shopping) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 565.00 Td (Centre,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 557.00 Td (Nanaimo, BC) Tj ET Q /GS0 gs q 6.29 0 0 7.81 161.35 571.19 cm /I24 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 191.00 573.00 Td (London Drugs,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 200.00 565.00 Td (Thrifty Foods,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 200.00 557.00 Td (CIBC, TD) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 200.00 549.00 Td (Canada Trust,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 200.00 541.00 Td (MediArts) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.30 573.00 Td (149,367) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.30 573.00 Td (149,367) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.40 573.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.75 573.00 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.10 573.00 Td (59,496) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.10 573.00 Td (58,615) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.20 573.00 Td (881) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 73.00 527.00 Td (Carrefour) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 519.00 Td (Soumande) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 511.00 Td (Quebec City, QC) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 503.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 191.00 527.00 Td (Super C, Bouclair) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.30 527.00 Td (118,858) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.30 527.00 Td (118,858) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.40 527.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.75 527.00 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.10 527.00 Td (20,666) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.10 527.00 Td (20,666) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.15 527.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 73.00 490.00 Td (Deer Valley) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 482.00 Td (Marketplace,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.00 474.00 Td (Calgary, AB) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 191.00 490.00 Td (Co-Op, Walmart,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 200.00 482.00 Td (Shoppers Drug) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 200.00 474.00 Td (Mart,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 200.00 466.00 Td (Dollarama,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 200.00 458.00 Td (CIBC, RBC Royal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 200.00 450.00 Td (Bank, Liquor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 200.00 442.00 Td (Store) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.30 490.00 Td (216,098) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.30 490.00 Td (216,098) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.40 490.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.95 490.00 Td ( 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.10 490.00 Td (52,100) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.10 490.00 Td (52,015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.25 490.00 Td (85) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 63.45 430.00 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 267.30 430.00 Td (672,116) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.30 430.00 Td (672,116) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.40 430.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 427.00 430.00 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.05 430.00 Td (210,903) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.00 430.00 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.05 430.00 Td (209,937) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.00 430.00 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.20 430.00 Td (966) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 414.5 m 73.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 401.5 m 73.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.5 414.5 m 160.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 73.5 401.5 m 160.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 414.5 m 208.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 401.5 m 208.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 414.5 m 225.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 401.5 m 225.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 414.5 m 285.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 401.5 m 285.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 414.5 m 332.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 401.5 m 332.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 414.5 m 339.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 401.5 m 339.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 414.5 m 366.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 339.5 401.5 m 366.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 414.5 m 386.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 401.5 m 386.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 414.5 m 430.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 401.5 m 430.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 414.5 m 473.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 401.5 m 473.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 414.5 m 513.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 401.5 m 513.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 414.5 m 558.5 414.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 401.5 m 558.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 401.5 m 73.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 388.5 m 73.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 73.5 401.5 m 160.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 73.5 388.5 m 160.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 401.5 m 208.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 388.5 m 208.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 401.5 m 225.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 388.5 m 225.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 401.5 m 285.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 388.5 m 285.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 401.5 m 332.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 388.5 m 332.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 401.5 m 339.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 388.5 m 339.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 339.5 401.5 m 366.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 339.5 388.5 m 366.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 401.5 m 386.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 388.5 m 386.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 401.5 m 430.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 388.5 m 430.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 401.5 m 473.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 388.5 m 473.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 401.5 m 513.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 388.5 m 513.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 401.5 m 558.5 401.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 388.5 m 558.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 388.5 m 73.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 363.5 m 73.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 73.5 388.5 m 160.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 73.5 363.5 m 160.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 388.5 m 208.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 363.5 m 208.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 388.5 m 225.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 363.5 m 225.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 388.5 m 285.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 363.5 m 285.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 388.5 m 332.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 363.5 m 332.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 363.5 m 339.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 339.5 388.5 m 366.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 339.5 363.5 m 366.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 388.5 m 386.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 363.5 m 386.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 388.5 m 430.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 363.5 m 430.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 388.5 m 473.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 363.5 m 473.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 388.5 m 513.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 363.5 m 513.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 388.5 m 558.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 363.5 m 558.5 363.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 201.5 m 73.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 73.5 201.5 m 160.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 201.5 m 208.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 201.5 m 225.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 201.5 m 285.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 201.5 m 332.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 201.5 m 339.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 339.5 201.5 m 366.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 201.5 m 386.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 201.5 m 430.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 201.5 m 473.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 201.5 m 513.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 201.5 m 558.5 201.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 186.5 m 73.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 73.5 186.5 m 160.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 186.5 m 208.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 186.5 m 225.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 186.5 m 285.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 186.5 m 332.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 186.5 m 339.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 339.5 186.5 m 366.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 186.5 m 386.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 186.5 m 430.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 186.5 m 473.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 186.5 m 513.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 186.5 m 558.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 186.5 m 73.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 171.5 m 73.5 171.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 73.5 186.5 m 160.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 73.5 171.5 m 160.5 171.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 186.5 m 208.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 171.5 m 208.5 171.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 171.5 m 225.5 171.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 171.5 m 285.5 171.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 186.5 m 332.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 171.5 m 332.5 171.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 171.5 m 339.5 171.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 339.5 171.5 m 366.5 171.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 186.5 m 386.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 171.5 m 386.5 171.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 186.5 m 430.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 171.5 m 430.5 171.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 186.5 m 473.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 171.5 m 473.5 171.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 186.5 m 513.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 171.5 m 513.5 171.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 186.5 m 558.5 186.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.5 171.5 m 558.5 171.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 157.5 m 73.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.5 157.5 m 160.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 157.5 m 208.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 157.5 m 225.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 157.5 m 285.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 157.5 m 332.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 157.5 m 339.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 157.5 m 366.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 157.5 m 386.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 157.5 m 430.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 157.5 m 473.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 157.5 m 513.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 157.5 m 558.5 157.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 406.00 Td (As at March 31, 2014) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 393.00 Td (\(thousands of dollars, except for other data\)) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 57.00 367.63 Td (Count/Property) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 170.80 380.63 Td (Building to) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 178.45 374.13 Td (LEED) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 171.85 367.63 Td (Standards) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 228.00 367.63 Td (Development Status) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 298.45 374.13 Td (Curr) Tj ET Q q 0 0 0 rg BT 309.78 374.13 Td (en) Tj ET Q q 0 0 0 rg BT 316.37 374.13 Td (t ) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 289.75 367.63 Td (Squar) Tj ET Q q 0 0 0 rg BT 304.86 367.63 Td (e F) Tj ET Q q 0 0 0 rg BT 312.46 367.63 Td (ee) Tj ET Q q 0 0 0 rg BT 318.89 367.63 Td (t ) Tj ET Q BT /F3 6.50 Tf ET BT /F3 4.22 Tf ET q 0 0 0 rg BT 322.54 370.72 Td (\(3\)) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 390.30 374.13 Td (Total Est. Cost) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 402.05 367.63 Td (incl. Land) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 440.30 374.13 Td (Investment) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 458.45 367.63 Td (Cost) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 483.65 380.63 Td (Estimated) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 491.40 374.13 Td (Cost to) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 484.45 367.63 Td (Complete) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 529.25 367.63 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 76.00 353.25 Td (Major redevelopment in pre-development) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 76.00 339.63 Td (Humbertown Shopping) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 85.00 331.13 Td (Centre,) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 85.00 322.63 Td (Toronto, ON) Tj ET Q /GS0 gs q 6.68 0 0 8.30 180.65 337.70 cm /I25 Do Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.00 339.63 Td (Advanced) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.00 331.13 Td (entitlements) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 300.65 339.63 Td (109,080) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 389.00 339.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 403.70 339.63 Td (56,362) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 433.00 339.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 446.70 339.63 Td (56,362) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 76.00 310.63 Td (Victoria Park Centres,) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 85.00 302.13 Td (Toronto, ON) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.00 310.63 Td (Planning) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.00 302.13 Td (underway) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 300.65 310.63 Td (485,125) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 399.40 310.63 Td (130,748) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 442.40 310.63 Td (130,748) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 76.00 288.63 Td (Place Portobello,) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 85.00 280.13 Td ( Brossard, QC) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.00 288.63 Td (Planning) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.00 280.13 Td (underway) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 300.65 288.63 Td (574,807) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 403.70 288.63 Td (85,864) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 446.70 288.63 Td (85,864) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 76.00 266.63 Td (Semiahmoo Shopping) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 85.00 258.13 Td (Centre,) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 85.00 249.63 Td (Surrey, BC) Tj ET Q /GS0 gs q 6.68 0 0 8.30 180.65 264.70 cm /I26 Do Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.00 266.63 Td (Planning) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.00 258.13 Td (underway) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 300.65 266.63 Td (296,620) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 403.70 266.63 Td (95,851) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 446.70 266.63 Td (95,851) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 76.00 235.63 Td (Macleod Trail,) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 85.00 227.13 Td (Calgary, AB) Tj ET Q /GS0 gs q 6.68 0 0 8.30 180.65 233.70 cm /I27 Do Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.00 235.63 Td (Planning) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.00 227.13 Td (underway) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 300.65 235.63 Td (299,906) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 403.70 235.63 Td (91,598) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 446.70 235.63 Td (91,598) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 76.00 214.63 Td (3080 Yonge Street,) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 85.00 206.13 Td (Toronto, ON) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.00 214.63 Td (Planning) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.00 206.13 Td (underway) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 300.65 214.63 Td (224,908) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 403.70 214.63 Td (59,962) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 446.70 214.63 Td (59,962) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 66.05 191.13 Td (6) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 294.25 191.13 Td (1,990,446) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 389.00 192.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 399.40 192.63 Td (520,385) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 433.00 192.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 442.40 192.63 Td (520,385) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 61.75 176.88 Td (14) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 76.00 176.88 Td (Total major redevelopment) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 294.25 176.88 Td (3,101,319) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 389.00 176.88 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 393.00 176.88 Td (1,183,471) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 433.00 176.88 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 436.00 176.88 Td (1,035,836) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 476.00 176.88 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 482.40 176.88 Td (147,635) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 516.00 176.88 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 521.00 176.88 Td (1,060,241) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.00 162.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 82.79 162.00 Td (operties adjacen) Tj ET Q q 0 0 0 rg BT 136.69 162.00 Td (t acquir) Tj ET Q q 0 0 0 rg BT 161.32 162.00 Td (ed in 2014 and 2013 included in acquisitions) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 305.25 165.81 Td ( \(4\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 433.00 162.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 446.70 162.13 Td (62,293) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 516.00 162.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 531.70 162.13 Td (62,300) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 149.94 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 146.60 Td (R) Tj ET Q q 0 0 0 rg BT 66.68 146.60 Td (epr) Tj ET Q q 0 0 0 rg BT 76.19 146.60 Td (esen) Tj ET Q q 0 0 0 rg BT 89.50 146.60 Td (ts the squar) Tj ET Q q 0 0 0 rg BT 123.05 146.60 Td (e f) Tj ET Q q 0 0 0 rg BT 130.10 146.60 Td (oot) Tj ET Q q 0 0 0 rg BT 139.75 146.60 Td (ag) Tj ET Q q 0 0 0 rg BT 146.34 146.60 Td (e of the e) Tj ET Q q 0 0 0 rg BT 173.28 146.60 Td (xis) Tj ET Q q 0 0 0 rg BT 180.57 146.60 Td (ting ar) Tj ET Q q 0 0 0 rg BT 198.78 146.60 Td (ea tha) Tj ET Q q 0 0 0 rg BT 216.51 146.60 Td (t will be demolished.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 138.54 Td (\(2\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.18 135.20 Td (In) Tj ET Q q 0 0 0 rg BT 68.50 135.20 Td (v) Tj ET Q q 0 0 0 rg BT 71.60 135.20 Td (es) Tj ET Q q 0 0 0 rg BT 77.74 135.20 Td (tmen) Tj ET Q q 0 0 0 rg BT 92.77 135.20 Td (t c) Tj ET Q q 0 0 0 rg BT 99.60 135.20 Td (os) Tj ET Q q 0 0 0 rg BT 105.95 135.20 Td (t includes adjacen) Tj ET Q q 0 0 0 rg BT 157.00 135.20 Td (t land held f) Tj ET Q q 0 0 0 rg BT 190.84 135.20 Td (or futur) Tj ET Q q 0 0 0 rg BT 212.74 135.20 Td (e de) Tj ET Q q 0 0 0 rg BT 224.93 135.20 Td (v) Tj ET Q q 0 0 0 rg BT 228.03 135.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 253.17 135.20 Td (t.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 127.19 Td (\(3\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 123.85 Td (Includes v) Tj ET Q q 0 0 0 rg BT 91.23 123.85 Td (ac) Tj ET Q q 0 0 0 rg BT 97.48 123.85 Td (an) Tj ET Q q 0 0 0 rg BT 104.45 123.85 Td (t units held f) Tj ET Q q 0 0 0 rg BT 140.02 123.85 Td (or r) Tj ET Q q 0 0 0 rg BT 150.08 123.85 Td (ede) Tj ET Q q 0 0 0 rg BT 160.69 123.85 Td (v) Tj ET Q q 0 0 0 rg BT 163.78 123.85 Td (elopmen) Tj ET Q q 0 0 0 rg BT 188.93 123.85 Td (t.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 115.79 Td (\(4\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 112.45 Td (R) Tj ET Q q 0 0 0 rg BT 66.68 112.45 Td (e) Tj ET Q q 0 0 0 rg BT 70.10 112.45 Td (f) Tj ET Q q 0 0 0 rg BT 72.06 112.45 Td (er t) Tj ET Q q 0 0 0 rg BT 81.84 112.45 Td (o the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 98.21 112.45 Td (Business and Oper) Tj ET Q q 0 0 0 rg BT 153.57 112.45 Td (a) Tj ET Q q 0 0 0 rg BT 156.85 112.45 Td (tions R) Tj ET Q q 0 0 0 rg BT 176.17 112.45 Td (e) Tj ET Q q 0 0 0 rg BT 179.62 112.45 Td (vie) Tj ET Q q 0 0 0 rg BT 187.84 112.45 Td (w 2014 Acquisitions) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 252.57 112.45 Td ( section of this MD&A and Business and Oper) Tj ET Q q 0 0 0 rg BT 383.95 112.45 Td (a) Tj ET Q q 0 0 0 rg BT 387.24 112.45 Td (tions R) Tj ET Q q 0 0 0 rg BT 406.55 112.45 Td (e) Tj ET Q q 0 0 0 rg BT 410.00 112.45 Td (vie) Tj ET Q q 0 0 0 rg BT 418.22 112.45 Td (w 2013 Acquisitions of the Compan) Tj ET Q q 0 0 0 rg BT 526.63 112.45 Td (y) Tj ET Q q 0 0 0 rg BT 530.01 112.45 Td () Tj ET Q q 0 0 0 rg BT 531.33 112.45 Td (s 2013 ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 104.05 Td (Annual R) Tj ET Q q 0 0 0 rg BT 88.30 104.05 Td (eport.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (25) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F6 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (Ground-up De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.00 694.50 Td (velopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.74 694.50 Td (t) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 679.50 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 679.50 Td (y classifies ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 149.78 679.50 Td (f) Tj ET Q q 0 0 0 rg BT 152.62 679.50 Td (our) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.64 679.50 Td ( pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.48 679.50 Td (operties t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.51 679.50 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.01 679.50 Td (alling ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.91 679.50 Td ($281 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.14 679.50 Td ( of in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.37 679.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.79 679.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.56 679.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.80 679.50 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.44 679.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 361.51 679.50 Td (t as gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.11 679.50 Td (ound-up de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.16 679.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.58 679.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.50 679.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.69 679.50 Td (operties ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 667.50 Td (under) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.28 667.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.31 667.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.92 667.50 Td (y or c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.87 667.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.60 667.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.85 667.50 Td (ed. Of the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.63 667.50 Td (128,930) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.54 667.50 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.36 667.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.40 667.50 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.30 667.50 Td (t under activ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.48 667.50 Td (e de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.89 667.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.31 667.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.24 667.50 Td (t, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.34 667.50 Td (1,275) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.11 667.50 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.93 667.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.97 667.50 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.87 667.50 Td (t is subject t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.83 667.50 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 506.50 667.50 Td (ommit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 533.26 667.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 536.50 667.50 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 655.50 Td (leases a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.82 655.50 Td (t a w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.54 655.50 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.68 655.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.92 655.50 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.03 655.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.45 655.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.71 655.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.12 655.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.64 655.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.34 655.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.58 655.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.40 655.50 Td ($35.00) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.27 655.50 Td ( per squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.07 655.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.15 655.50 Td (oot. In addition, appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.01 655.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.08 655.50 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.40 655.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.64 655.50 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.70 655.50 Td (51,850) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.53 655.50 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.36 655.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.40 655.50 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.29 655.50 Td (t of space is in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 643.50 Td (the la) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.83 643.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.04 643.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.28 643.50 Td (er s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.80 643.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.03 643.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.45 643.50 Td (es of lease neg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.25 643.50 Td (otia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.87 643.50 Td (tions with na) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.47 643.50 Td (tional r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.34 643.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.27 643.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.49 643.50 Td (ailer) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.17 643.50 Td (s. As c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.96 643.50 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.29 643.50 Td (truction on gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.86 643.50 Td (ound-up de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.91 643.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.33 643.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.25 643.50 Td (ts is phased, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 631.50 Td (ther) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.93 631.50 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.32 631.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.75 631.50 Td (tinues t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.30 631.50 Td (o be ong) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.49 631.50 Td (oing neg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.15 631.50 Td (otia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.77 631.50 Td (tions in v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.29 631.50 Td (arious s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.36 631.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.59 631.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.00 631.50 Td (es with cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.37 631.50 Td (ain r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.33 631.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.25 631.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.48 631.50 Td (ailer) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.15 631.50 Td (s f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.16 631.50 Td (or the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.38 631.50 Td (emaining planned space. F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 526.93 631.50 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 619.50 Td (de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.18 619.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.40 619.50 Td (ails of select gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.57 619.50 Td (ound-up de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.62 619.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.03 619.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.96 619.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.15 619.50 Td (operties, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.78 619.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.67 619.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.47 619.50 Td (er t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.44 619.50 Td (o the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.52 619.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.35 619.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.24 619.50 Td (s 2013 Annual R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.09 619.50 Td (eport.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 601.50 Td (Highligh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.94 601.50 Td (ts of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.60 601.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.43 601.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.31 601.50 Td (s curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.81 601.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.94 601.50 Td (t gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.59 601.50 Td (ound-up pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.03 601.50 Td (ojects under) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.70 601.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.74 601.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.34 601.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.15 601.50 Td (, including c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.15 601.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.22 601.50 Td (ts f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.59 601.50 Td (or c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.75 601.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.49 601.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.73 601.50 Td (ed phases, ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.21 601.50 Td (e as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 509.25 601.50 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.35 601.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 531.41 601.50 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 591 m 71.5 591 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 579 m 71.5 579 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 591 m 141.5 591 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 579 m 141.5 579 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 591 m 184.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 591 m 248.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 591 m 287.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 591 m 323.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 591 m 369.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 591 m 406.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 591 m 443.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 591 m 483.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 591 m 520.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 591 m 558.5 591 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 579 m 71.5 579 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 579 m 141.5 579 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 141.5 579 m 184.5 579 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 579 m 248.5 579 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.5 579 m 287.5 579 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 579 m 323.5 579 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 579 m 369.5 579 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 579 m 406.5 579 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 579 m 443.5 579 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 579 m 483.5 579 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 579 m 520.5 579 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 579 m 558.5 579 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 567 m 71.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 535 m 71.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 567 m 141.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 535 m 141.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 141.5 567 m 184.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 141.5 535 m 184.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 567 m 248.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 535 m 248.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.5 567 m 287.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.5 535 m 287.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 567 m 323.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 535 m 323.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 567 m 369.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 535 m 369.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 567 m 406.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 535 m 406.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 567 m 443.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 535 m 443.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 567 m 483.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 535 m 483.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 567 m 520.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 535 m 520.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 567 m 558.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 535 m 558.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 535 m 71.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 535 m 141.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 141.5 535 m 184.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 535 m 248.5 535 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 500 m 71.5 500 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 479 m 71.5 479 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 500 m 141.5 500 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 479 m 141.5 479 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 141.5 500 m 184.5 500 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 141.5 479 m 184.5 479 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 500 m 248.5 500 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 479 m 248.5 479 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.5 500 m 287.5 500 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.5 479 m 287.5 479 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 500 m 323.5 500 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 479 m 323.5 479 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 500 m 369.5 500 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 479 m 369.5 479 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 500 m 406.5 500 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 479 m 406.5 479 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 500 m 443.5 500 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 479 m 443.5 479 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 500 m 483.5 500 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 479 m 483.5 479 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 500 m 520.5 500 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 479 m 520.5 479 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 500 m 558.5 500 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 479 m 558.5 479 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 318 m 71.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 141.5 318 m 184.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.5 318 m 287.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 318 m 323.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 318 m 369.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 318 m 406.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 318 m 443.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 318 m 483.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 318 m 520.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 318 m 558.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 318 m 71.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 297 m 71.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 318 m 141.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 297 m 141.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 141.5 318 m 184.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 141.5 297 m 184.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 318 m 248.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 297 m 248.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.5 318 m 287.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.5 297 m 287.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 318 m 323.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 297 m 323.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 318 m 369.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 297 m 369.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 318 m 406.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 297 m 406.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 318 m 443.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 297 m 443.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 318 m 483.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 297 m 483.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 318 m 520.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 297 m 520.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 318 m 558.5 318 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 297 m 558.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 297 m 71.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 284 m 71.5 284 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 297 m 141.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 284 m 141.5 284 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 141.5 297 m 184.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 141.5 284 m 184.5 284 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 297 m 248.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 284 m 248.5 284 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.5 297 m 287.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.5 284 m 287.5 284 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 297 m 323.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 284 m 323.5 284 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 297 m 369.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 284 m 369.5 284 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 297 m 406.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 284 m 406.5 284 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 297 m 443.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 284 m 443.5 284 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 297 m 483.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 284 m 483.5 284 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 297 m 520.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 284 m 520.5 284 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 297 m 558.5 297 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 284 m 558.5 284 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 261 m 71.5 261 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 261 m 141.5 261 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 261 m 184.5 261 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 261 m 248.5 261 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 261 m 287.5 261 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 261 m 323.5 261 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 261 m 369.5 261 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 261 m 406.5 261 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 261 m 443.5 261 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 261 m 483.5 261 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 261 m 520.5 261 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 261 m 558.5 261 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 582.50 Td (As at March 31, 2014) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 570.50 Td (\(thousands of dollars, except for other data\)) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 57.00 539.13 Td (Count/Property) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 149.30 552.13 Td (Building to) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 156.95 545.63 Td (LEED) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 150.35 539.13 Td (Standards) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 189.00 539.13 Td (Major Tenants) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 262.55 558.63 Td (Planned) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 252.65 552.13 Td (Square Feet) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 269.55 545.63 Td (Upon) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 253.25 539.13 Td (Completion) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 291.05 552.13 Td (Completed) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 301.65 545.63 Td (Square) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 308.45 539.13 Td (Feet) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 334.65 552.13 Td (Square Feet) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 349.45 545.63 Td (Under) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 330.35 539.13 Td (Development) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 386.65 552.13 Td (Target) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 372.25 545.63 Td (Completion) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 390.60 539.13 Td (Date) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 416.30 552.13 Td (Total Est.) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 416.20 545.63 Td (Cost incl.) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 427.30 539.13 Td (Land) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 450.30 545.63 Td (Investment) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 468.45 539.13 Td (Cost) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 490.65 552.13 Td (Estimated) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 498.40 545.63 Td (Cost to) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 491.45 539.13 Td (Complete) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 545.30 545.63 Td (F) Tj ET Q q 0 0 0 rg BT 548.11 545.63 Td (air) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 540.40 539.13 Td (V) Tj ET Q q 0 0 0 rg BT 543.73 539.13 Td (alue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 524.75 Td (Ground-up development with active development) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 511.50 Td (Place Viau) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.00 503.50 Td (Montreal, QC) Tj ET Q /GS0 gs q 6.29 0 0 7.81 159.35 509.69 cm /I28 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 511.50 Td (Walmart) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.20 511.50 Td (340,103) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.20 511.50 Td (211,173) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.20 511.50 Td (128,930) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.50 511.50 Td (Q2, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 511.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.20 511.50 Td (129,276) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.00 511.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.20 511.50 Td (120,110) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.00 511.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 511.50 Td (9,166) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 64.45 483.50 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 491.50 Td (Total ground-up development ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.00 483.50 Td (with active development) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.20 483.50 Td (340,103) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.20 483.50 Td (211,173) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.20 483.50 Td (128,930) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 483.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.20 483.50 Td (129,276) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.00 483.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.20 483.50 Td (120,110) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.00 483.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 483.50 Td (9,166) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 468.75 Td (Ground-up development at completion) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 455.50 Td (Carrefour du) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.00 447.50 Td (Plateau-des-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.00 439.50 Td (Grives,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.00 431.50 Td (Gatineau, QC) Tj ET Q /GS0 gs q 6.29 0 0 7.81 159.35 453.69 cm /I29 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 455.50 Td (IGA, National) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 447.50 Td (Bank,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 439.50 Td (Dollarama,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 431.50 Td (McDonalds) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.20 455.50 Td (114,743) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.20 455.50 Td (114,743) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.30 455.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.50 455.50 Td (Q1, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 455.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.25 455.50 Td (31,954) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.00 455.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.25 455.50 Td (31,820) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.00 455.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.35 455.50 Td (134) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 416.50 Td (Leaside Village) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.00 408.50 Td (Toronto, ON) Tj ET Q /GS0 gs q 6.29 0 0 7.81 159.35 414.69 cm /I30 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 416.50 Td (Longo's, The Beer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 408.50 Td (Store, CIBC,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 400.50 Td (Linen Chest,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 392.50 Td (Pet Valu) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.20 416.50 Td (111,765) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.20 416.50 Td (111,765) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.30 416.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.50 416.50 Td (Q1, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.25 416.50 Td (48,216) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.25 416.50 Td (48,216) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 510.30 416.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 378.50 Td (Clairfield Commons) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.00 370.50 Td (\(Pergola) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.00 362.50 Td (Commons\),) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.00 354.50 Td (Guelph, ON) Tj ET Q /GS0 gs q 6.29 0 0 7.81 159.35 376.69 cm /I31 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 378.50 Td (RBC Royal Bank,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 370.50 Td (Bank of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 362.50 Td (Montreal,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 354.50 Td (Beer Store,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 346.50 Td (Cineplex,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 338.50 Td (Dollarama,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 330.50 Td (GoodLife) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.00 322.50 Td (Fitness) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.20 322.50 Td (228,146) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.20 322.50 Td (228,146) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.30 322.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.50 322.50 Td (Q4, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.25 322.50 Td (69,350) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.25 322.50 Td (68,718) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.35 322.50 Td (632) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 64.45 301.50 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 309.50 Td (Total ground-up development ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.00 301.50 Td (at completion) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.20 301.50 Td (454,654) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.20 301.50 Td (454,654) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.30 301.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 301.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.20 301.50 Td (149,520) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.00 301.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.20 301.50 Td (148,754) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.00 301.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.35 301.50 Td (766) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 64.45 288.50 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 288.50 Td (Total ground-up development) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.20 288.50 Td (794,757) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.20 288.50 Td (665,827) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.20 288.50 Td (128,930) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.00 288.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.20 288.50 Td (278,796) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.00 288.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.20 288.50 Td (268,864) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.00 288.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 288.50 Td (9,932) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.00 288.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.20 288.50 Td (317,818) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 273.50 Td (Pr) Tj ET Q q 0 0 0 rg BT 80.79 273.50 Td (operties adjacen) Tj ET Q q 0 0 0 rg BT 134.69 273.50 Td (t acquir) Tj ET Q q 0 0 0 rg BT 159.32 273.50 Td (ed in 2014 and 2013 ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.00 265.50 Td (included in acquisitions ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 160.80 269.31 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.00 265.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.25 265.50 Td (12,167) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.00 265.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.25 265.50 Td (11,137) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 253.44 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 250.10 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.68 250.10 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.10 250.10 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.06 250.10 Td (er t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.84 250.10 Td (o the ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.21 250.10 Td (Business and Oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.57 250.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.85 250.10 Td (tions R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.17 250.10 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.62 250.10 Td (vie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.84 250.10 Td (w 2014 Acquisitions) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.57 250.10 Td ( section of this MD&A ) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 316.30 250.10 Td (and Business and Oper) Tj ET Q q 0 0 0 rg BT 383.95 250.10 Td (a) Tj ET Q q 0 0 0 rg BT 387.24 250.10 Td (tions R) Tj ET Q q 0 0 0 rg BT 406.55 250.10 Td (e) Tj ET Q q 0 0 0 rg BT 410.00 250.10 Td (vie) Tj ET Q q 0 0 0 rg BT 418.22 250.10 Td (w 2013 Acquisitions of the Compan) Tj ET Q q 0 0 0 rg BT 526.63 250.10 Td (y) Tj ET Q q 0 0 0 rg BT 530.01 250.10 Td () Tj ET Q q 0 0 0 rg BT 531.33 250.10 Td (s 2013 ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 241.70 Td (Annual R) Tj ET Q q 0 0 0 rg BT 88.30 241.70 Td (eport.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (26) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.75 Td (In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.68 693.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.78 693.75 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.58 693.75 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.68 693.75 Td (t Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.62 693.75 Td (operties a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.14 693.75 Td (t Cos) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.44 693.75 Td (t with Bifur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.84 693.75 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.38 693.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.71 693.75 Td (tion of Inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.79 693.75 Td (ome Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.31 693.75 Td (oducing and De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.08 693.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.18 693.75 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.52 693.75 Td (t Activity Componen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 534.77 693.75 Td (ts) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 678.75 Td (A summar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.51 678.75 Td (y of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.43 678.75 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.26 678.75 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.15 678.75 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.90 678.75 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.05 678.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.30 678.75 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.99 678.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.23 678.75 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.56 678.75 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.33 678.75 Td (t in t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.01 678.75 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.51 678.75 Td (al in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.24 678.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.66 678.75 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.43 678.75 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.90 678.75 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.09 678.75 Td (operties a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.57 678.75 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.33 678.75 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.40 678.75 Td (t as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.67 678.75 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.28 678.75 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.96 678.75 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.87 678.75 Td (, with ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 666.75 Td (bifur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.19 666.75 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.34 666.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.04 666.75 Td (tion of the inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.59 666.75 Td (ome pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.67 666.75 Td (oducing and de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.93 666.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.35 666.75 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.27 666.75 Td (t activity c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.64 666.75 Td (omponen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.82 666.75 Td (ts, is as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.11 666.75 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.21 666.75 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.27 666.75 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 656.25 m 333.5 656.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 633.25 m 333.5 633.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 656.25 m 391.5 656.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333.5 633.25 m 391.5 633.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 656.25 m 449.5 656.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 633.25 m 449.5 633.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 656.25 m 504.5 656.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 633.25 m 504.5 633.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 656.25 m 552.5 656.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 618.25 m 333.5 618.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333.5 618.25 m 391.5 618.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 633.25 m 449.5 633.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 618.25 m 449.5 618.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 618.25 m 504.5 618.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 504.5 633.25 m 552.5 633.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 564.25 m 333.5 564.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 549.25 m 333.5 549.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333.5 564.25 m 391.5 564.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333.5 549.25 m 391.5 549.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 564.25 m 449.5 564.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 549.25 m 449.5 549.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 564.25 m 504.5 564.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 549.25 m 504.5 549.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 482.25 m 333.5 482.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333.5 482.25 m 391.5 482.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 482.25 m 449.5 482.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 482.25 m 504.5 482.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 469.25 m 333.5 469.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333.5 469.25 m 391.5 469.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 469.25 m 449.5 469.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 469.25 m 504.5 469.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 446.25 m 333.5 446.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333.5 446.25 m 391.5 446.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 446.25 m 449.5 446.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 446.25 m 504.5 446.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 431.25 m 504.5 431.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 504.5 446.25 m 552.5 446.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 431.25 m 333.5 431.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333.5 431.25 m 391.5 431.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 431.25 m 449.5 431.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 431.25 m 504.5 431.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 504.5 431.25 m 552.5 431.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 416.25 m 333.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 401.25 m 333.5 401.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333.5 416.25 m 391.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 401.25 m 391.5 401.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 416.25 m 449.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 401.25 m 449.5 401.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.5 416.25 m 504.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 401.25 m 504.5 401.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 504.5 416.25 m 552.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 401.25 m 552.5 401.25 l s BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 339.60 644.50 Td (Number of Sit) Tj ET Q q 0 0 0 rg BT 379.07 644.50 Td (es/ ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 351.90 637.50 Td (Pr) Tj ET Q q 0 0 0 rg BT 357.84 637.50 Td (operties ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 382.89 640.84 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 405.60 644.50 Td (Squar) Tj ET Q q 0 0 0 rg BT 421.87 644.50 Td (e F) Tj ET Q q 0 0 0 rg BT 430.05 644.50 Td (ee) Tj ET Q q 0 0 0 rg BT 436.98 644.50 Td (t ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 440.91 647.84 Td (\(2\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 445.97 644.50 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 405.30 637.50 Td (\(in thousands\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 455.05 644.50 Td (In) Tj ET Q q 0 0 0 rg BT 460.38 644.50 Td (v) Tj ET Q q 0 0 0 rg BT 463.47 644.50 Td (es) Tj ET Q q 0 0 0 rg BT 469.61 644.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 484.64 644.50 Td (t Cos) Tj ET Q q 0 0 0 rg BT 498.65 644.50 Td (t) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 467.75 637.50 Td (\(in millions\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 521.25 644.50 Td (F) Tj ET Q q 0 0 0 rg BT 524.28 644.50 Td (air V) Tj ET Q q 0 0 0 rg BT 536.84 644.50 Td (alue) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 515.75 637.50 Td (\(in millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 623.00 Td (Shopping centres income-producing only) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.55 623.00 Td (164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.15 623.00 Td (24,525) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.00 623.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.75 623.00 Td (5,740) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 608.00 Td (Shopping cen) Tj ET Q q 0 0 0 rg BT 106.97 608.00 Td (tr) Tj ET Q q 0 0 0 rg BT 113.18 608.00 Td (es with de) Tj ET Q q 0 0 0 rg BT 151.56 608.00 Td (v) Tj ET Q q 0 0 0 rg BT 155.73 608.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 188.74 608.00 Td (t activities ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 229.39 611.81 Td (\(1\) \(3\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 594.00 Td (Same property with incremental redevelopment and expansion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.10 594.00 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.55 594.00 Td (216) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.10 594.00 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 581.00 Td (Major redevelopment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.10 581.00 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.55 581.00 Td (231) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.55 581.00 Td (168) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 568.00 Td (Ground-up development) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.65 568.00 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.55 568.00 Td (129) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.10 568.00 Td (62) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.10 554.00 Td (32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.55 554.00 Td (576) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.55 554.00 Td (255) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 539.00 Td (Adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.07 539.00 Td (t land par) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.91 539.00 Td (cels ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.05 542.81 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 525.00 Td (Land parcels adjacent to/part of existing properties) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.10 525.00 Td (28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.55 525.00 Td (811) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.10 525.00 Td (77) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 512.00 Td (Land parcels adjacent to/part of existing properties available for expansion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.65 512.00 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.10 512.00 Td (43) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 512.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 499.00 Td (Property held for redevelopment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.10 499.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.10 499.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.10 499.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 486.00 Td (Other development related costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.10 486.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.10 486.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.10 486.00 Td (20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.10 473.00 Td (32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.55 473.00 Td (854) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.10 473.00 Td (97) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 460.00 Td (T) Tj ET Q q 0 0 0 rg BT 60.59 460.00 Td (ot) Tj ET Q q 0 0 0 rg BT 68.24 460.00 Td (al shopping cen) Tj ET Q q 0 0 0 rg BT 125.09 460.00 Td (tr) Tj ET Q q 0 0 0 rg BT 131.13 460.00 Td (es with de) Tj ET Q q 0 0 0 rg BT 168.60 460.00 Td (v) Tj ET Q q 0 0 0 rg BT 172.58 460.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 204.91 460.00 Td (t activities or) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 451.00 Td (pot) Tj ET Q q 0 0 0 rg BT 78.39 451.00 Td (en) Tj ET Q q 0 0 0 rg BT 87.52 451.00 Td (tial de) Tj ET Q q 0 0 0 rg BT 110.17 451.00 Td (v) Tj ET Q q 0 0 0 rg BT 114.15 451.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 146.48 451.00 Td (t activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.10 451.00 Td (64) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.75 451.00 Td (1,430) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.55 451.00 Td (352) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 436.50 Td (Total shopping centres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.00 436.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.75 436.00 Td (6,092) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.00 437.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.75 437.00 Td (7,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 421.50 Td (De) Tj ET Q q 0 0 0 rg BT 66.97 421.50 Td (v) Tj ET Q q 0 0 0 rg BT 70.95 421.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 103.28 421.50 Td (t land ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 126.20 425.31 Td (\(4\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.65 421.00 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.75 421.00 Td (1,119) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.55 421.00 Td (168) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 422.00 Td (171) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 406.50 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.75 406.00 Td (2,549) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.00 406.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.75 406.00 Td (6,260) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.00 406.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.75 406.00 Td (7,430) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 390.09 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.06 386.75 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 386.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 68.94 386.75 Td (operty c) Tj ET Q q 0 0 0 rg BT 92.23 386.75 Td (oun) Tj ET Q q 0 0 0 rg BT 103.22 386.75 Td (ts of shopping cen) Tj ET Q q 0 0 0 rg BT 154.97 386.75 Td (tr) Tj ET Q q 0 0 0 rg BT 159.66 386.75 Td (es under) Tj ET Q q 0 0 0 rg BT 184.33 386.75 Td (g) Tj ET Q q 0 0 0 rg BT 187.57 386.75 Td (oing de) Tj ET Q q 0 0 0 rg BT 208.55 386.75 Td (v) Tj ET Q q 0 0 0 rg BT 211.65 386.75 Td (elopmen) Tj ET Q q 0 0 0 rg BT 236.79 386.75 Td (t activities and adjacen) Tj ET Q q 0 0 0 rg BT 301.91 386.75 Td (t land par) Tj ET Q q 0 0 0 rg BT 329.11 386.75 Td (cels ar) Tj ET Q q 0 0 0 rg BT 347.18 386.75 Td (e included in the t) Tj ET Q q 0 0 0 rg BT 398.42 386.75 Td (ot) Tj ET Q q 0 0 0 rg BT 404.37 386.75 Td (al pr) Tj ET Q q 0 0 0 rg BT 416.92 386.75 Td (operty c) Tj ET Q q 0 0 0 rg BT 440.21 386.75 Td (oun) Tj ET Q q 0 0 0 rg BT 451.19 386.75 Td (t f) Tj ET Q q 0 0 0 rg BT 457.11 386.75 Td (or inc) Tj ET Q q 0 0 0 rg BT 473.01 386.75 Td (ome-pr) Tj ET Q q 0 0 0 rg BT 493.92 386.75 Td (oducing shopping ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 378.35 Td (cen) Tj ET Q q 0 0 0 rg BT 73.06 378.35 Td (tr) Tj ET Q q 0 0 0 rg BT 77.75 378.35 Td (es of ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 92.96 378.35 Td (164) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 103.61 378.35 Td (.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 369.69 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.06 366.35 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 366.35 Td (Includes both municipally appr) Tj ET Q q 0 0 0 rg BT 150.29 366.35 Td (o) Tj ET Q q 0 0 0 rg BT 153.95 366.35 Td (v) Tj ET Q q 0 0 0 rg BT 157.05 366.35 Td (ed de) Tj ET Q q 0 0 0 rg BT 172.92 366.35 Td (v) Tj ET Q q 0 0 0 rg BT 176.01 366.35 Td (elopable c) Tj ET Q q 0 0 0 rg BT 205.07 366.35 Td (ommer) Tj ET Q q 0 0 0 rg BT 225.77 366.35 Td (cial squar) Tj ET Q q 0 0 0 rg BT 252.67 366.35 Td (e f) Tj ET Q q 0 0 0 rg BT 259.70 366.35 Td (ee) Tj ET Q q 0 0 0 rg BT 266.63 366.35 Td (t and squar) Tj ET Q q 0 0 0 rg BT 298.64 366.35 Td (e f) Tj ET Q q 0 0 0 rg BT 305.67 366.35 Td (ee) Tj ET Q q 0 0 0 rg BT 312.59 366.35 Td (t the Compan) Tj ET Q q 0 0 0 rg BT 351.20 366.35 Td (y e) Tj ET Q q 0 0 0 rg BT 359.33 366.35 Td (xpects t) Tj ET Q q 0 0 0 rg BT 381.42 366.35 Td (o be appr) Tj ET Q q 0 0 0 rg BT 408.48 366.35 Td (o) Tj ET Q q 0 0 0 rg BT 412.14 366.35 Td (v) Tj ET Q q 0 0 0 rg BT 415.23 366.35 Td (ed, e) Tj ET Q q 0 0 0 rg BT 429.10 366.35 Td (x) Tj ET Q q 0 0 0 rg BT 431.97 366.35 Td (cluding r) Tj ET Q q 0 0 0 rg BT 456.40 366.35 Td (esiden) Tj ET Q q 0 0 0 rg BT 475.01 366.35 Td (tial density un) Tj ET Q q 0 0 0 rg BT 515.07 366.35 Td (til the z) Tj ET Q q 0 0 0 rg BT 535.91 366.35 Td (oning ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 357.95 Td (pr) Tj ET Q q 0 0 0 rg BT 69.01 357.95 Td (ocess is c) Tj ET Q q 0 0 0 rg BT 95.03 357.95 Td (omple) Tj ET Q q 0 0 0 rg BT 113.04 357.95 Td (t) Tj ET Q q 0 0 0 rg BT 115.31 357.95 Td (e.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 349.29 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.06 345.95 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 345.95 Td (Includes c) Tj ET Q q 0 0 0 rg BT 91.07 345.95 Td (os) Tj ET Q q 0 0 0 rg BT 97.42 345.95 Td (t f) Tj ET Q q 0 0 0 rg BT 103.34 345.95 Td (or phases under de) Tj ET Q q 0 0 0 rg BT 157.96 345.95 Td (v) Tj ET Q q 0 0 0 rg BT 161.06 345.95 Td (elopmen) Tj ET Q q 0 0 0 rg BT 186.20 345.95 Td (t only) Tj ET Q q 0 0 0 rg BT 201.81 345.95 Td (. Ag) Tj ET Q q 0 0 0 rg BT 212.57 345.95 Td (gr) Tj ET Q q 0 0 0 rg BT 218.22 345.95 Td (eg) Tj ET Q q 0 0 0 rg BT 224.86 345.95 Td (a) Tj ET Q q 0 0 0 rg BT 228.15 345.95 Td (t) Tj ET Q q 0 0 0 rg BT 230.42 345.95 Td (e c) Tj ET Q q 0 0 0 rg BT 238.39 345.95 Td (os) Tj ET Q q 0 0 0 rg BT 244.74 345.95 Td (t of the Compan) Tj ET Q q 0 0 0 rg BT 290.76 345.95 Td (y) Tj ET Q q 0 0 0 rg BT 294.14 345.95 Td () Tj ET Q q 0 0 0 rg BT 295.46 345.95 Td (s in) Tj ET Q q 0 0 0 rg BT 304.95 345.95 Td (v) Tj ET Q q 0 0 0 rg BT 308.04 345.95 Td (es) Tj ET Q q 0 0 0 rg BT 314.18 345.95 Td (tmen) Tj ET Q q 0 0 0 rg BT 329.22 345.95 Td (t under de) Tj ET Q q 0 0 0 rg BT 358.81 345.95 Td (v) Tj ET Q q 0 0 0 rg BT 361.90 345.95 Td (elopmen) Tj ET Q q 0 0 0 rg BT 387.05 345.95 Td (t is appr) Tj ET Q q 0 0 0 rg BT 409.94 345.95 Td (o) Tj ET Q q 0 0 0 rg BT 413.49 345.95 Td (xima) Tj ET Q q 0 0 0 rg BT 427.01 345.95 Td (t) Tj ET Q q 0 0 0 rg BT 429.28 345.95 Td (ely ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 439.12 345.95 Td ($545 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 474.28 345.95 Td (, which includes shopping ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 337.60 Td (cen) Tj ET Q q 0 0 0 rg BT 73.06 337.60 Td (tr) Tj ET Q q 0 0 0 rg BT 77.75 337.60 Td (es with de) Tj ET Q q 0 0 0 rg BT 106.89 337.60 Td (v) Tj ET Q q 0 0 0 rg BT 109.99 337.60 Td (elopmen) Tj ET Q q 0 0 0 rg BT 135.13 337.60 Td (t activities or pot) Tj ET Q q 0 0 0 rg BT 183.20 337.60 Td (en) Tj ET Q q 0 0 0 rg BT 190.30 337.60 Td (tial of de) Tj ET Q q 0 0 0 rg BT 215.33 337.60 Td (v) Tj ET Q q 0 0 0 rg BT 218.42 337.60 Td (elopmen) Tj ET Q q 0 0 0 rg BT 243.56 337.60 Td (t activities of appr) Tj ET Q q 0 0 0 rg BT 294.72 337.60 Td (o) Tj ET Q q 0 0 0 rg BT 298.28 337.60 Td (xima) Tj ET Q q 0 0 0 rg BT 311.80 337.60 Td (t) Tj ET Q q 0 0 0 rg BT 314.07 337.60 Td (ely ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 323.91 337.60 Td ($352 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 359.07 337.60 Td (, de) Tj ET Q q 0 0 0 rg BT 369.52 337.60 Td (v) Tj ET Q q 0 0 0 rg BT 372.62 337.60 Td (elopmen) Tj ET Q q 0 0 0 rg BT 397.76 337.60 Td (t land of appr) Tj ET Q q 0 0 0 rg BT 436.03 337.60 Td (o) Tj ET Q q 0 0 0 rg BT 439.59 337.60 Td (xima) Tj ET Q q 0 0 0 rg BT 453.11 337.60 Td (t) Tj ET Q q 0 0 0 rg BT 455.38 337.60 Td (ely ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 465.22 337.60 Td ($168 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 500.38 337.60 Td ( and r) Tj ET Q q 0 0 0 rg BT 516.60 337.60 Td (esiden) Tj ET Q q 0 0 0 rg BT 535.20 337.60 Td (tial ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 329.20 Td (de) Tj ET Q q 0 0 0 rg BT 70.13 329.20 Td (v) Tj ET Q q 0 0 0 rg BT 73.22 329.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 98.37 329.20 Td (t in) Tj ET Q q 0 0 0 rg BT 107.46 329.20 Td (v) Tj ET Q q 0 0 0 rg BT 110.55 329.20 Td (en) Tj ET Q q 0 0 0 rg BT 117.65 329.20 Td (t) Tj ET Q q 0 0 0 rg BT 119.93 329.20 Td (or) Tj ET Q q 0 0 0 rg BT 126.09 329.20 Td (y of appr) Tj ET Q q 0 0 0 rg BT 151.29 329.20 Td (o) Tj ET Q q 0 0 0 rg BT 154.84 329.20 Td (xima) Tj ET Q q 0 0 0 rg BT 168.36 329.20 Td (t) Tj ET Q q 0 0 0 rg BT 170.63 329.20 Td (ely ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 180.47 329.20 Td ($25 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 212.08 329.20 Td (. R) Tj ET Q q 0 0 0 rg BT 219.11 329.20 Td (e) Tj ET Q q 0 0 0 rg BT 222.53 329.20 Td (f) Tj ET Q q 0 0 0 rg BT 224.50 329.20 Td (er t) Tj ET Q q 0 0 0 rg BT 234.28 329.20 Td (o the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 250.64 329.20 Td (Business and Oper) Tj ET Q q 0 0 0 rg BT 306.00 329.20 Td (a) Tj ET Q q 0 0 0 rg BT 309.29 329.20 Td (tions R) Tj ET Q q 0 0 0 rg BT 328.61 329.20 Td (e) Tj ET Q q 0 0 0 rg BT 332.06 329.20 Td (vie) Tj ET Q q 0 0 0 rg BT 340.27 329.20 Td (w 2014 In) Tj ET Q q 0 0 0 rg BT 373.03 329.20 Td (v) Tj ET Q q 0 0 0 rg BT 376.12 329.20 Td (es) Tj ET Q q 0 0 0 rg BT 382.26 329.20 Td (tmen) Tj ET Q q 0 0 0 rg BT 397.29 329.20 Td (t Pr) Tj ET Q q 0 0 0 rg BT 407.17 329.20 Td (operty De) Tj ET Q q 0 0 0 rg BT 435.31 329.20 Td (v) Tj ET Q q 0 0 0 rg BT 438.40 329.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 463.55 329.20 Td (t and R) Tj ET Q q 0 0 0 rg BT 483.44 329.20 Td (ede) Tj ET Q q 0 0 0 rg BT 494.05 329.20 Td (v) Tj ET Q q 0 0 0 rg BT 497.15 329.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 522.29 329.20 Td (t Activities) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 555.05 329.20 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 320.80 Td (section of this MD&A) Tj ET Q q 0 0 0 rg BT 123.60 320.80 Td (.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 312.14 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.06 308.80 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 308.80 Td (Number of sit) Tj ET Q q 0 0 0 rg BT 102.00 308.80 Td (es and squar) Tj ET Q q 0 0 0 rg BT 137.88 308.80 Td (e f) Tj ET Q q 0 0 0 rg BT 144.91 308.80 Td (ee) Tj ET Q q 0 0 0 rg BT 151.84 308.80 Td (t do not include pr) Tj ET Q q 0 0 0 rg BT 204.29 308.80 Td (operties held thr) Tj ET Q q 0 0 0 rg BT 251.72 308.80 Td (ough Main and Main De) Tj ET Q q 0 0 0 rg BT 320.10 308.80 Td (v) Tj ET Q q 0 0 0 rg BT 323.19 308.80 Td (elopmen) Tj ET Q q 0 0 0 rg BT 348.34 308.80 Td (ts. R) Tj ET Q q 0 0 0 rg BT 360.45 308.80 Td (e) Tj ET Q q 0 0 0 rg BT 363.87 308.80 Td (f) Tj ET Q q 0 0 0 rg BT 365.83 308.80 Td (er t) Tj ET Q q 0 0 0 rg BT 375.61 308.80 Td (o the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 391.97 308.80 Td (Business and Oper) Tj ET Q q 0 0 0 rg BT 447.33 308.80 Td (a) Tj ET Q q 0 0 0 rg BT 450.62 308.80 Td (tions R) Tj ET Q q 0 0 0 rg BT 469.94 308.80 Td (e) Tj ET Q q 0 0 0 rg BT 473.39 308.80 Td (vie) Tj ET Q q 0 0 0 rg BT 481.61 308.80 Td (w 2014 In) Tj ET Q q 0 0 0 rg BT 514.36 308.80 Td (v) Tj ET Q q 0 0 0 rg BT 517.45 308.80 Td (es) Tj ET Q q 0 0 0 rg BT 523.60 308.80 Td (tmen) Tj ET Q q 0 0 0 rg BT 538.63 308.80 Td (t ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 300.40 Td (Pr) Tj ET Q q 0 0 0 rg BT 68.94 300.40 Td (operty De) Tj ET Q q 0 0 0 rg BT 97.09 300.40 Td (v) Tj ET Q q 0 0 0 rg BT 100.18 300.40 Td (elopmen) Tj ET Q q 0 0 0 rg BT 125.33 300.40 Td (t and R) Tj ET Q q 0 0 0 rg BT 145.22 300.40 Td (ede) Tj ET Q q 0 0 0 rg BT 155.83 300.40 Td (v) Tj ET Q q 0 0 0 rg BT 158.93 300.40 Td (elopmen) Tj ET Q q 0 0 0 rg BT 184.07 300.40 Td (t Activities) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 216.83 300.40 Td ( section of this MD&A) Tj ET Q q 0 0 0 rg BT 279.01 300.40 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 282.40 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 282.40 Td (y has curr) Tj ET Q q 0 0 0 rg BT 144.40 282.40 Td (en) Tj ET Q q 0 0 0 rg BT 154.53 282.40 Td (tly iden) Tj ET Q q 0 0 0 rg BT 184.65 282.40 Td (tified ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 208.13 282.40 Td (2.5 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 250.75 282.40 Td ( squar) Tj ET Q q 0 0 0 rg BT 275.57 282.40 Td (e f) Tj ET Q q 0 0 0 rg BT 285.61 282.40 Td (ee) Tj ET Q q 0 0 0 rg BT 295.51 282.40 Td (t a) Tj ET Q q 0 0 0 rg BT 305.74 282.40 Td (v) Tj ET Q q 0 0 0 rg BT 310.11 282.40 Td (ailable in the portf) Tj ET Q q 0 0 0 rg BT 384.92 282.40 Td (olio f) Tj ET Q q 0 0 0 rg BT 405.16 282.40 Td (or futur) Tj ET Q q 0 0 0 rg BT 436.45 282.40 Td (e de) Tj ET Q q 0 0 0 rg BT 453.86 282.40 Td (v) Tj ET Q q 0 0 0 rg BT 458.28 282.40 Td (elopmen) Tj ET Q q 0 0 0 rg BT 494.21 282.40 Td (t of r) Tj ET Q q 0 0 0 rg BT 513.76 282.40 Td (e) Tj ET Q q 0 0 0 rg BT 518.68 282.40 Td (t) Tj ET Q q 0 0 0 rg BT 521.91 282.40 Td (ail ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 270.40 Td (space, e) Tj ET Q q 0 0 0 rg BT 86.74 270.40 Td (x) Tj ET Q q 0 0 0 rg BT 90.85 270.40 Td (cluding ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 122.39 270.40 Td (480,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 155.30 270.40 Td ( squar) Tj ET Q q 0 0 0 rg BT 180.12 270.40 Td (e f) Tj ET Q q 0 0 0 rg BT 190.16 270.40 Td (ee) Tj ET Q q 0 0 0 rg BT 200.06 270.40 Td (t classified as held f) Tj ET Q q 0 0 0 rg BT 278.78 270.40 Td (or sale \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 311.07 270.40 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 390.53 270.40 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.03 270.40 Td (3.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.65 270.40 Td ( squar) Tj ET Q q 0 0 0 rg BT 467.47 270.40 Td (e f) Tj ET Q q 0 0 0 rg BT 477.51 270.40 Td (ee) Tj ET Q q 0 0 0 rg BT 487.41 270.40 Td (t, including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 258.40 Td (183,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.91 258.40 Td ( squar) Tj ET Q q 0 0 0 rg BT 111.73 258.40 Td (e f) Tj ET Q q 0 0 0 rg BT 121.77 258.40 Td (ee) Tj ET Q q 0 0 0 rg BT 131.67 258.40 Td (t classified as held f) Tj ET Q q 0 0 0 rg BT 210.39 258.40 Td (or sale\), as f) Tj ET Q q 0 0 0 rg BT 258.97 258.40 Td (ollo) Tj ET Q q 0 0 0 rg BT 274.07 258.40 Td (w) Tj ET Q q 0 0 0 rg BT 281.13 258.40 Td (s:) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 54.00 240.40 Td (Shopping Cen) Tj ET Q q 0 0 0 rg BT 110.30 240.40 Td (tres with De) Tj ET Q q 0 0 0 rg BT 160.45 240.40 Td (velopmen) Tj ET Q q 0 0 0 rg BT 201.19 240.40 Td (t Activities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 225.40 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 225.40 Td (y curr) Tj ET Q q 0 0 0 rg BT 128.18 225.40 Td (en) Tj ET Q q 0 0 0 rg BT 138.32 225.40 Td (tly has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 166.96 225.40 Td (576,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 199.87 225.40 Td ( squar) Tj ET Q q 0 0 0 rg BT 224.69 225.40 Td (e f) Tj ET Q q 0 0 0 rg BT 234.73 225.40 Td (ee) Tj ET Q q 0 0 0 rg BT 244.63 225.40 Td (t of r) Tj ET Q q 0 0 0 rg BT 264.18 225.40 Td (e) Tj ET Q q 0 0 0 rg BT 269.10 225.40 Td (t) Tj ET Q q 0 0 0 rg BT 272.33 225.40 Td (ail space c) Tj ET Q q 0 0 0 rg BT 313.54 225.40 Td (onsis) Tj ET Q q 0 0 0 rg BT 334.07 225.40 Td (ting of incr) Tj ET Q q 0 0 0 rg BT 377.65 225.40 Td (emen) Tj ET Q q 0 0 0 rg BT 400.75 225.40 Td (t) Tj ET Q q 0 0 0 rg BT 403.98 225.40 Td (al r) Tj ET Q q 0 0 0 rg BT 416.68 225.40 Td (ede) Tj ET Q q 0 0 0 rg BT 431.84 225.40 Td (v) Tj ET Q q 0 0 0 rg BT 436.26 225.40 Td (elopmen) Tj ET Q q 0 0 0 rg BT 472.18 225.40 Td (t and e) Tj ET Q q 0 0 0 rg BT 500.17 225.40 Td (xpansion, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 213.40 Td (major r) Tj ET Q q 0 0 0 rg BT 83.55 213.40 Td (ede) Tj ET Q q 0 0 0 rg BT 98.70 213.40 Td (v) Tj ET Q q 0 0 0 rg BT 103.12 213.40 Td (elopmen) Tj ET Q q 0 0 0 rg BT 139.04 213.40 Td (t and gr) Tj ET Q q 0 0 0 rg BT 170.25 213.40 Td (ound-up de) Tj ET Q q 0 0 0 rg BT 217.29 213.40 Td (v) Tj ET Q q 0 0 0 rg BT 221.71 213.40 Td (elopmen) Tj ET Q q 0 0 0 rg BT 257.63 213.40 Td (t tha) Tj ET Q q 0 0 0 rg BT 276.54 213.40 Td (t is planned with some buildings under c) Tj ET Q q 0 0 0 rg BT 440.08 213.40 Td (ons) Tj ET Q q 0 0 0 rg BT 454.41 213.40 Td (truction. R) Tj ET Q q 0 0 0 rg BT 496.94 213.40 Td (e) Tj ET Q q 0 0 0 rg BT 501.83 213.40 Td (f) Tj ET Q q 0 0 0 rg BT 504.63 213.40 Td (er t) Tj ET Q q 0 0 0 rg BT 518.60 213.40 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 201.40 Td (Business and Oper) Tj ET Q q 0 0 0 rg BT 133.09 201.40 Td (a) Tj ET Q q 0 0 0 rg BT 137.78 201.40 Td (tions R) Tj ET Q q 0 0 0 rg BT 165.38 201.40 Td (e) Tj ET Q q 0 0 0 rg BT 170.31 201.40 Td (vie) Tj ET Q q 0 0 0 rg BT 182.05 201.40 Td (w 2014 In) Tj ET Q q 0 0 0 rg BT 228.84 201.40 Td (v) Tj ET Q q 0 0 0 rg BT 233.26 201.40 Td (es) Tj ET Q q 0 0 0 rg BT 242.03 201.40 Td (tmen) Tj ET Q q 0 0 0 rg BT 263.51 201.40 Td (t Pr) Tj ET Q q 0 0 0 rg BT 277.61 201.40 Td (operty De) Tj ET Q q 0 0 0 rg BT 317.81 201.40 Td (v) Tj ET Q q 0 0 0 rg BT 322.23 201.40 Td (elopmen) Tj ET Q q 0 0 0 rg BT 358.16 201.40 Td (t and R) Tj ET Q q 0 0 0 rg BT 386.58 201.40 Td (ede) Tj ET Q q 0 0 0 rg BT 401.73 201.40 Td (v) Tj ET Q q 0 0 0 rg BT 406.15 201.40 Td (elopmen) Tj ET Q q 0 0 0 rg BT 442.08 201.40 Td (t Activities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 488.87 201.40 Td ( section of this ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 189.40 Td (MD&A) Tj ET Q q 0 0 0 rg BT 81.37 189.40 Td (.) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 54.00 171.40 Td (Adjac) Tj ET Q q 0 0 0 rg BT 77.21 171.40 Td (en) Tj ET Q q 0 0 0 rg BT 87.31 171.40 Td (t Land P) Tj ET Q q 0 0 0 rg BT 120.54 171.40 Td (arc) Tj ET Q q 0 0 0 rg BT 133.38 171.40 Td (els ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 156.40 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 156.40 Td (y has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 128.07 156.40 Td (32) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 138.21 156.40 Td ( land par) Tj ET Q q 0 0 0 rg BT 173.71 156.40 Td (cels adjacen) Tj ET Q q 0 0 0 rg BT 222.97 156.40 Td (t t) Tj ET Q q 0 0 0 rg BT 231.83 156.40 Td (o e) Tj ET Q q 0 0 0 rg BT 244.19 156.40 Td (xis) Tj ET Q q 0 0 0 rg BT 254.62 156.40 Td (ting shopping cen) Tj ET Q q 0 0 0 rg BT 326.31 156.40 Td (tr) Tj ET Q q 0 0 0 rg BT 333.01 156.40 Td (es with futur) Tj ET Q q 0 0 0 rg BT 384.73 156.40 Td (e r) Tj ET Q q 0 0 0 rg BT 395.32 156.40 Td (ede) Tj ET Q q 0 0 0 rg BT 410.48 156.40 Td (v) Tj ET Q q 0 0 0 rg BT 414.90 156.40 Td (elopmen) Tj ET Q q 0 0 0 rg BT 450.82 156.40 Td (t or e) Tj ET Q q 0 0 0 rg BT 472.28 156.40 Td (xpansion pot) Tj ET Q q 0 0 0 rg BT 524.67 156.40 Td (en) Tj ET Q q 0 0 0 rg BT 534.81 156.40 Td (tial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 144.40 Td (of appr) Tj ET Q q 0 0 0 rg BT 83.21 144.40 Td (o) Tj ET Q q 0 0 0 rg BT 88.29 144.40 Td (xima) Tj ET Q q 0 0 0 rg BT 107.60 144.40 Td (t) Tj ET Q q 0 0 0 rg BT 110.84 144.40 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 124.90 144.40 Td (854,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 157.80 144.40 Td ( squar) Tj ET Q q 0 0 0 rg BT 182.63 144.40 Td (e f) Tj ET Q q 0 0 0 rg BT 192.67 144.40 Td (ee) Tj ET Q q 0 0 0 rg BT 202.56 144.40 Td (t. Cert) Tj ET Q q 0 0 0 rg BT 227.72 144.40 Td (ain of these adjacen) Tj ET Q q 0 0 0 rg BT 309.22 144.40 Td (t land par) Tj ET Q q 0 0 0 rg BT 348.07 144.40 Td (cels ar) Tj ET Q q 0 0 0 rg BT 373.89 144.40 Td (e in v) Tj ET Q q 0 0 0 rg BT 395.30 144.40 Td (arious s) Tj ET Q q 0 0 0 rg BT 426.37 144.40 Td (t) Tj ET Q q 0 0 0 rg BT 429.60 144.40 Td (ag) Tj ET Q q 0 0 0 rg BT 439.01 144.40 Td (es of de) Tj ET Q q 0 0 0 rg BT 470.93 144.40 Td (v) Tj ET Q q 0 0 0 rg BT 475.35 144.40 Td (elopmen) Tj ET Q q 0 0 0 rg BT 511.27 144.40 Td (t and in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 132.40 Td (v) Tj ET Q q 0 0 0 rg BT 58.37 132.40 Td (arious pr) Tj ET Q q 0 0 0 rg BT 94.22 132.40 Td (operty c) Tj ET Q q 0 0 0 rg BT 127.49 132.40 Td (a) Tj ET Q q 0 0 0 rg BT 132.19 132.40 Td (t) Tj ET Q q 0 0 0 rg BT 135.43 132.40 Td (eg) Tj ET Q q 0 0 0 rg BT 145.04 132.40 Td (ories.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (27) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F6 10.00 Tf ET q 0 0 0 rg BT 54.00 694.50 Td (De) Tj ET Q q 0 0 0 rg BT 65.13 694.50 Td (velopmen) Tj ET Q q 0 0 0 rg BT 105.88 694.50 Td (t Lands) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 679.50 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 679.50 Td (y has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 128.07 679.50 Td (10) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 138.21 679.50 Td ( land sit) Tj ET Q q 0 0 0 rg BT 169.77 679.50 Td (es of which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 217.95 679.50 Td (one) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 233.45 679.50 Td ( \(E) Tj ET Q q 0 0 0 rg BT 243.48 679.50 Td (dmon) Tj ET Q q 0 0 0 rg BT 267.15 679.50 Td (t) Tj ET Q q 0 0 0 rg BT 270.41 679.50 Td (on Br) Tj ET Q q 0 0 0 rg BT 291.99 679.50 Td (e) Tj ET Q q 0 0 0 rg BT 296.92 679.50 Td (w) Tj ET Q q 0 0 0 rg BT 303.98 679.50 Td (er) Tj ET Q q 0 0 0 rg BT 312.49 679.50 Td (y Dis) Tj ET Q q 0 0 0 rg BT 331.52 679.50 Td (trict\) is in the planning s) Tj ET Q q 0 0 0 rg BT 428.80 679.50 Td (t) Tj ET Q q 0 0 0 rg BT 432.03 679.50 Td (ag) Tj ET Q q 0 0 0 rg BT 441.44 679.50 Td (es of pr) Tj ET Q q 0 0 0 rg BT 471.78 679.50 Td (e-de) Tj ET Q q 0 0 0 rg BT 490.00 679.50 Td (v) Tj ET Q q 0 0 0 rg BT 494.42 679.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 530.34 679.50 Td (t and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 667.50 Td (f) Tj ET Q q 0 0 0 rg BT 56.84 667.50 Td (our) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 70.86 667.50 Td ( ar) Tj ET Q q 0 0 0 rg BT 81.26 667.50 Td (e classified as held f) Tj ET Q q 0 0 0 rg BT 161.61 667.50 Td (or sale. The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 210.75 667.50 Td (six) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 221.29 667.50 Td ( land sit) Tj ET Q q 0 0 0 rg BT 252.85 667.50 Td (es being r) Tj ET Q q 0 0 0 rg BT 292.10 667.50 Td (e) Tj ET Q q 0 0 0 rg BT 297.02 667.50 Td (t) Tj ET Q q 0 0 0 rg BT 300.25 667.50 Td (ained ha) Tj ET Q q 0 0 0 rg BT 334.95 667.50 Td (v) Tj ET Q q 0 0 0 rg BT 339.37 667.50 Td (e pot) Tj ET Q q 0 0 0 rg BT 360.38 667.50 Td (en) Tj ET Q q 0 0 0 rg BT 370.51 667.50 Td (tial if de) Tj ET Q q 0 0 0 rg BT 403.29 667.50 Td (v) Tj ET Q q 0 0 0 rg BT 407.71 667.50 Td (eloped, t) Tj ET Q q 0 0 0 rg BT 443.75 667.50 Td (o pr) Tj ET Q q 0 0 0 rg BT 459.86 667.50 Td (o) Tj ET Q q 0 0 0 rg BT 465.09 667.50 Td (vide a further ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 522.56 667.50 Td (0.9 t) Tj ET Q q 0 0 0 rg BT 540.73 667.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 655.50 Td (1.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.62 655.50 Td ( squar) Tj ET Q q 0 0 0 rg BT 121.44 655.50 Td (e f) Tj ET Q q 0 0 0 rg BT 131.48 655.50 Td (ee) Tj ET Q q 0 0 0 rg BT 141.38 655.50 Td (t. The E) Tj ET Q q 0 0 0 rg BT 171.61 655.50 Td (dmon) Tj ET Q q 0 0 0 rg BT 195.29 655.50 Td (t) Tj ET Q q 0 0 0 rg BT 198.54 655.50 Td (on Br) Tj ET Q q 0 0 0 rg BT 220.12 655.50 Td (e) Tj ET Q q 0 0 0 rg BT 225.05 655.50 Td (w) Tj ET Q q 0 0 0 rg BT 232.11 655.50 Td (er) Tj ET Q q 0 0 0 rg BT 240.62 655.50 Td (y Dis) Tj ET Q q 0 0 0 rg BT 259.65 655.50 Td (trict land sit) Tj ET Q q 0 0 0 rg BT 307.93 655.50 Td (e is in the la) Tj ET Q q 0 0 0 rg BT 356.27 655.50 Td (t) Tj ET Q q 0 0 0 rg BT 359.48 655.50 Td (t) Tj ET Q q 0 0 0 rg BT 362.72 655.50 Td (er s) Tj ET Q q 0 0 0 rg BT 377.24 655.50 Td (t) Tj ET Q q 0 0 0 rg BT 380.47 655.50 Td (ag) Tj ET Q q 0 0 0 rg BT 389.88 655.50 Td (es of pr) Tj ET Q q 0 0 0 rg BT 420.23 655.50 Td (e-de) Tj ET Q q 0 0 0 rg BT 438.44 655.50 Td (v) Tj ET Q q 0 0 0 rg BT 442.86 655.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 478.79 655.50 Td (t with c) Tj ET Q q 0 0 0 rg BT 508.85 655.50 Td (ons) Tj ET Q q 0 0 0 rg BT 523.17 655.50 Td (truction ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 643.50 Td (t) Tj ET Q q 0 0 0 rg BT 57.25 643.50 Td (o c) Tj ET Q q 0 0 0 rg BT 68.93 643.50 Td (ommence as early as the sec) Tj ET Q q 0 0 0 rg BT 185.01 643.50 Td (ond quart) Tj ET Q q 0 0 0 rg BT 225.07 643.50 Td (er of 2014. F) Tj ET Q q 0 0 0 rg BT 275.90 643.50 Td (or de) Tj ET Q q 0 0 0 rg BT 297.10 643.50 Td (t) Tj ET Q q 0 0 0 rg BT 300.32 643.50 Td (ails on select de) Tj ET Q q 0 0 0 rg BT 364.84 643.50 Td (v) Tj ET Q q 0 0 0 rg BT 369.26 643.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 405.18 643.50 Td (t land pr) Tj ET Q q 0 0 0 rg BT 439.22 643.50 Td (ojects, r) Tj ET Q q 0 0 0 rg BT 471.47 643.50 Td (e) Tj ET Q q 0 0 0 rg BT 476.35 643.50 Td (f) Tj ET Q q 0 0 0 rg BT 479.16 643.50 Td (er t) Tj ET Q q 0 0 0 rg BT 493.13 643.50 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 631.50 Td (Compan) Tj ET Q q 0 0 0 rg BT 87.71 631.50 Td (y) Tj ET Q q 0 0 0 rg BT 92.54 631.50 Td () Tj ET Q q 0 0 0 rg BT 94.42 631.50 Td (s 2013 Annual R) Tj ET Q q 0 0 0 rg BT 159.27 631.50 Td (eport.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 613.50 Td (De) Tj ET Q q 0 0 0 rg BT 65.08 613.50 Td (v) Tj ET Q q 0 0 0 rg BT 69.50 613.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 105.42 613.50 Td (t land b) Tj ET Q q 0 0 0 rg BT 136.09 613.50 Td (y r) Tj ET Q q 0 0 0 rg BT 146.23 613.50 Td (egion is as f) Tj ET Q q 0 0 0 rg BT 193.27 613.50 Td (ollo) Tj ET Q q 0 0 0 rg BT 208.37 613.50 Td (w) Tj ET Q q 0 0 0 rg BT 215.43 613.50 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 603 m 287.5 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 584 m 287.5 584 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 603 m 354.5 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 584 m 354.5 584 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 603 m 423.5 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 354.5 584 m 423.5 584 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 603 m 490.5 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 584 m 490.5 584 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 603 m 557.5 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 584 m 557.5 584 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 584 m 354.5 584 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 354.5 584 m 423.5 584 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 584 m 490.5 584 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 584 m 557.5 584 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 539 m 354.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 354.5 539 m 423.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 539 m 490.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 539 m 557.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 539 m 287.5 539 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 524 m 287.5 524 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 287.5 539 m 354.5 539 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 524 m 354.5 524 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 354.5 539 m 423.5 539 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 524 m 423.5 524 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 539 m 490.5 539 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 524 m 490.5 524 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 539 m 557.5 539 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 524 m 557.5 524 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 56.00 588.50 Td (Region) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.65 594.50 Td (Number of Sites/) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 317.35 586.50 Td (Properties) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.45 594.50 Td (Squar) Tj ET Q q 0 0 0 rg BT 400.05 594.50 Td (e F) Tj ET Q q 0 0 0 rg BT 409.40 594.50 Td (ee) Tj ET Q q 0 0 0 rg BT 417.31 594.50 Td (t) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.65 586.50 Td ( \(in thousands\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.80 588.50 Td (Acreage) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.30 594.50 Td (F) Tj ET Q q 0 0 0 rg BT 525.76 594.50 Td (air V) Tj ET Q q 0 0 0 rg BT 540.12 594.50 Td (alue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.00 586.50 Td (\(in millions\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 573.75 Td (Central) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 346.65 573.75 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.55 573.75 Td (174) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.10 573.75 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.00 573.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.10 573.75 Td (24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 558.75 Td (Eastern) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 346.65 558.75 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.55 558.75 Td (228) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.10 558.75 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.65 558.75 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 543.75 Td (Western) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 346.65 543.75 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.55 543.75 Td (717) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.10 543.75 Td (63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.10 543.75 Td (30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 529.25 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 346.65 528.75 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.75 528.75 Td (1,119) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.10 528.75 Td (93) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.00 528.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.10 528.75 Td (63) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 506.50 Td (The de) Tj ET Q q 0 0 0 rg BT 81.54 506.50 Td (v) Tj ET Q q 0 0 0 rg BT 85.96 506.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 121.89 506.50 Td (t land in the abo) Tj ET Q q 0 0 0 rg BT 188.27 506.50 Td (v) Tj ET Q q 0 0 0 rg BT 192.69 506.50 Td (e t) Tj ET Q q 0 0 0 rg BT 203.16 506.50 Td (able also includes the Compan) Tj ET Q q 0 0 0 rg BT 326.53 506.50 Td (y) Tj ET Q q 0 0 0 rg BT 331.36 506.50 Td () Tj ET Q q 0 0 0 rg BT 333.25 506.50 Td (s in) Tj ET Q q 0 0 0 rg BT 346.80 506.50 Td (v) Tj ET Q q 0 0 0 rg BT 351.22 506.50 Td (es) Tj ET Q q 0 0 0 rg BT 360.00 506.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 381.47 506.50 Td (t in Main and Main De) Tj ET Q q 0 0 0 rg BT 471.83 506.50 Td (v) Tj ET Q q 0 0 0 rg BT 476.25 506.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 512.17 506.50 Td (ts, which is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 494.50 Td (discussed belo) Tj ET Q q 0 0 0 rg BT 113.01 494.50 Td (w) Tj ET Q q 0 0 0 rg BT 119.52 494.50 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 54.00 472.30 Td (Main and Main De) Tj ET Q q 0 0 0 rg BT 138.41 472.30 Td (v) Tj ET Q q 0 0 0 rg BT 143.51 472.30 Td (elopmen) Tj ET Q q 0 0 0 rg BT 183.86 472.30 Td (ts) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.06 472.30 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 457.30 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 457.30 Td (y is partnering with a priv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.20 457.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.90 457.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.14 457.30 Td (e de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.56 457.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.97 457.30 Td (eloper t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.75 457.30 Td (o acquir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.46 457.30 Td (e s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.49 457.30 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.12 457.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.82 457.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.06 457.30 Td (egic asse) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.06 457.30 Td (ts in under) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.45 457.30 Td (ser) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.91 457.30 Td (viced tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.07 457.30 Td (ansit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.37 457.30 Td (-orien) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.62 457.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.86 457.30 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 445.30 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 445.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.28 445.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.50 445.30 Td (ail nodes \(the partner) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.37 445.30 Td (ship is kno) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.85 445.30 Td (wn as Main and Main De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.59 445.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.01 445.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.93 445.30 Td (ts\). A c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.39 445.30 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.02 445.30 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.40 445.30 Td (omponen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.58 445.30 Td (t of Main and Main ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 433.30 Td (De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.08 433.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.50 433.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.42 433.30 Td (ts' acquisition s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.41 433.30 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.04 433.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.74 433.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.98 433.30 Td (egy r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.80 433.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.73 433.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.15 433.30 Td (olv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.14 433.30 Td (es ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.40 433.30 Td (ound iden) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.38 433.30 Td (tif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.13 433.30 Td (ying and acquiring asse) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.09 433.30 Td (ts tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.91 433.30 Td (t ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.40 433.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.82 433.30 Td (e the pot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.67 433.30 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.80 433.30 Td (tial t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.04 433.30 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 421.30 Td (incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.13 421.30 Td (ease in v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.22 421.30 Td (alue as a r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.17 421.30 Td (esult of demogr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.28 421.30 Td (aphic gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.39 421.30 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.63 421.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.79 421.30 Td (th, inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.85 421.30 Td (ome gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.38 421.30 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.61 421.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.78 421.30 Td (th and ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.38 421.30 Td (w urban r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.45 421.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.37 421.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.60 421.30 Td (ail f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.08 421.30 Td (orma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.52 421.30 Td (ts. Main and Main ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 409.30 Td (De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.08 409.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.50 409.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.42 409.30 Td (ts will seek t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.16 409.30 Td (o g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.32 409.30 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.80 409.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.50 409.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.74 409.30 Td (e pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.56 409.30 Td (ofits thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.63 409.30 Td (ough acquisition, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.69 409.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.56 409.30 Td (z) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.29 409.30 Td (oning and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.25 409.30 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.41 409.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.83 409.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.75 409.30 Td (t of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.30 409.30 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.40 409.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.62 409.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.32 409.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.56 409.30 Td (e with a ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 397.30 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.84 397.30 Td (ocus in T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.56 397.30 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.16 397.30 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.60 397.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.85 397.30 Td (o and Ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.77 397.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.00 397.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.72 397.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.76 397.30 Td (a. V) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.45 397.30 Td (alue cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.61 397.30 Td (ea) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.28 397.30 Td (tion will be acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.66 397.30 Td (omplished thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.35 397.30 Td (ough r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.45 397.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.33 397.30 Td (z) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.06 397.30 Td (oning and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.02 397.30 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.17 397.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.59 397.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.52 397.30 Td (t of the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 385.30 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 385.30 Td (operties t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.61 385.30 Td (o their highes) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.05 385.30 Td (t and bes) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.25 385.30 Td (t use and/) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.25 385.30 Td (or mix) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.62 385.30 Td (ed use de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.69 385.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.11 385.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.04 385.30 Td (t. The Main and Main De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.47 385.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.89 385.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.81 385.30 Td (ts t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.58 385.30 Td (eam ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 373.30 Td (brings a skill se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.65 373.30 Td (t and f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.67 373.30 Td (ocus t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.84 373.30 Td (o the assembly and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.04 373.30 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.20 373.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.62 373.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.54 373.30 Td (t of sit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.19 373.30 Td (es which ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.92 373.30 Td (e much smaller than the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.60 373.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.43 373.30 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.31 373.30 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 361.30 Td (typic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.57 361.30 Td (al pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.50 361.30 Td (operties and ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.98 361.30 Td (e normally acquir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.56 361.30 Td (ed or assembled via multiple adjacen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.11 361.30 Td (t par) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.10 361.30 Td (cel acquisitions, oft) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.29 361.30 Td (en fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.16 361.30 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 349.30 Td (priv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.41 349.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.10 349.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.34 349.30 Td (e individuals. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.85 349.30 Td (y has a 67% equity in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.82 349.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.06 349.30 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.39 349.30 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.17 349.30 Td (t in Main and Main De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 379.52 349.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.94 349.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.86 349.30 Td (ts and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.09 349.30 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.34 349.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.58 349.30 Td (es its ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 337.30 Td (activities in its c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.04 337.30 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.29 337.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.53 337.30 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.34 337.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.56 337.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.26 337.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.50 337.30 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.60 337.30 Td (ts. During the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.90 337.30 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.86 337.30 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.49 337.30 Td (ths ended) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.98 337.30 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.24 337.30 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.92 337.30 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.83 337.30 Td (, Main and Main ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 325.30 Td (De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.08 325.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.50 325.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.42 325.30 Td (ts c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.09 325.30 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.82 325.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.06 325.30 Td (ed one acquisition in an e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.71 325.30 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.14 325.30 Td (ting assembly pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.50 325.30 Td (oject f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.82 325.30 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.84 325.30 Td ($3.5 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.53 325.30 Td (. Since incep) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.88 325.30 Td (tion, Main ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 313.30 Td (and Main De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.79 313.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.21 313.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.13 313.30 Td (ts has c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.01 313.30 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.74 313.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.99 313.30 Td (ed acquisitions of 34 par) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.21 313.30 Td (cels making up ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.50 313.30 Td (16) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.63 313.30 Td ( assemblies f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.30 313.30 Td (or futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.59 313.30 Td (e de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.00 313.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.42 313.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.34 313.30 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 301.30 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 301.30 Td (ojects, which ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.78 301.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.20 301.30 Td (e an ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.33 301.30 Td (gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.40 301.30 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.89 301.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.59 301.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.83 301.30 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.92 301.30 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.13 301.30 Td (alue of appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.91 301.30 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.99 301.30 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.30 301.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.54 301.30 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.60 301.30 Td ($129 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.83 301.30 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.75 301.30 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.36 301.30 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.04 301.30 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.95 301.30 Td (, which c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.29 301.30 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.95 301.30 Td (es ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 289.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.25 289.30 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.79 289.30 Td ($124 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.02 289.30 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.94 289.30 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.55 289.30 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.01 289.30 Td (. As a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.45 289.30 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.06 289.30 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.74 289.30 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.65 289.30 Td (, Main and Main De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.34 289.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.76 289.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.68 289.30 Td (ts had additional ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 277.30 Td (acquisitions under) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.65 277.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.68 277.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.29 277.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.10 277.30 Td (, one of which w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.68 277.30 Td (as c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.79 277.30 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.52 277.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.77 277.30 Td (ed during April 2014 f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.52 277.30 Td (or $15.0 million, in a ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.09 277.30 Td (w assembly) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.49 277.30 Td (. E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.00 277.30 Td (ach of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 265.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.84 265.30 Td (16) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.98 265.30 Td ( assembly pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.73 265.30 Td (ojects is loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.30 265.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.00 265.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.24 265.30 Td (ed on a major s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.56 265.30 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.26 265.30 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.16 265.30 Td (t in T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.57 265.30 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.16 265.30 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.60 265.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.85 265.30 Td (o or Ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.23 265.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.46 265.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.18 265.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.22 265.30 Td (a. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.79 265.30 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.25 265.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.30 265.30 Td (o) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.58 265.30 Td ( pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.42 265.30 Td (ojects in T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.60 265.30 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.20 265.30 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.64 265.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.89 265.30 Td (o and one pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.32 265.30 Td (oject ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 253.30 Td (in Ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.64 253.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.87 253.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.59 253.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.62 253.30 Td (a ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.82 253.30 Td (e curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.38 253.30 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.52 253.30 Td (tly in the pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.21 253.30 Td (e-de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.42 253.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.84 253.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.76 253.30 Td (t planning s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.54 253.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.76 253.30 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.18 253.30 Td (e.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 235.30 Td (Main and Main De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.94 235.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.36 235.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.28 235.30 Td (ts g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.42 235.30 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.91 235.30 Td (ally e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.90 235.30 Td (xpects t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.46 235.30 Td (o partner with r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.52 235.30 Td (esiden) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.09 235.30 Td (tial de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.26 235.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.68 235.30 Td (eloper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.77 235.30 Td (s in e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.57 235.30 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.64 235.30 Td (ecuting v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.33 235.30 Td (alue cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 489.49 235.30 Td (ea) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.17 235.30 Td (tion ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 223.30 Td (opportunities on sit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.72 223.30 Td (es with r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.53 223.30 Td (esiden) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.10 223.30 Td (tial density and in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.93 223.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.18 223.30 Td (ends t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.08 223.30 Td (o r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.97 223.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.89 223.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.12 223.30 Td (ain the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.92 223.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.84 223.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.07 223.30 Td (ail c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.85 223.30 Td (omponen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.03 223.30 Td (t and in some c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.56 223.30 Td (ases ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.01 223.30 Td (y r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.15 223.30 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.07 223.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 523.30 223.30 Td (ain ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 211.30 Td (the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.19 211.30 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.33 211.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.56 211.30 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.26 211.30 Td (esiden) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.83 211.30 Td (tial c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.97 211.30 Td (omponen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.15 211.30 Td (t upon s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.85 211.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.08 211.30 Td (abiliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.79 211.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.49 211.30 Td (tion of the asse) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.88 211.30 Td (t. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.09 211.30 Td (y has pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.67 211.30 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.90 211.30 Td (vided Main and Main ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 199.30 Td (De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.08 199.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.50 199.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.42 199.30 Td (ts with senior and me) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.13 199.30 Td (zz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.87 199.30 Td (anine deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.13 199.30 Td (t financing in c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.09 199.30 Td (onnection with the acquisition and de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.85 199.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 458.27 199.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.20 199.30 Td (t of sit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 519.84 199.30 Td (es.) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (28) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 54.00 693.75 Td (R) Tj ET Q q 0 0 0 rg BT 60.03 693.75 Td (esiden) Tj ET Q q 0 0 0 rg BT 89.90 693.75 Td (tial De) Tj ET Q q 0 0 0 rg BT 119.45 693.75 Td (v) Tj ET Q q 0 0 0 rg BT 124.55 693.75 Td (elopmen) Tj ET Q q 0 0 0 rg BT 164.90 693.75 Td (t In) Tj ET Q q 0 0 0 rg BT 179.88 693.75 Td (v) Tj ET Q q 0 0 0 rg BT 184.98 693.75 Td (en) Tj ET Q q 0 0 0 rg BT 196.32 693.75 Td (t) Tj ET Q q 0 0 0 rg BT 200.02 693.75 Td (or) Tj ET Q q 0 0 0 rg BT 209.90 693.75 Td (y ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 683.25 m 168.5 683.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 668.25 m 168.5 668.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 683.25 m 209.5 683.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 668.25 m 209.5 668.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 683.25 m 247.5 683.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 668.25 m 247.5 668.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 683.25 m 277.5 683.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 247.5 668.25 m 277.5 668.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 683.25 m 320.5 683.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 277.5 668.25 m 320.5 668.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 683.25 m 377.5 683.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 320.5 668.25 m 377.5 668.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 683.25 m 417.5 683.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 668.25 m 417.5 668.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 683.25 m 458.5 683.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 668.25 m 458.5 668.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 683.25 m 510.5 683.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 668.25 m 510.5 668.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 683.25 m 558.5 683.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 668.25 m 558.5 668.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 653.25 m 168.5 653.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 627.25 m 168.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 653.25 m 209.5 653.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 627.25 m 209.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 653.25 m 247.5 653.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 627.25 m 247.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 247.5 653.25 m 277.5 653.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 247.5 627.25 m 277.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 277.5 653.25 m 320.5 653.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 277.5 627.25 m 320.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 320.5 653.25 m 377.5 653.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 320.5 627.25 m 377.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 653.25 m 417.5 653.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 627.25 m 417.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 653.25 m 458.5 653.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 627.25 m 458.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 653.25 m 510.5 653.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 627.25 m 510.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 653.25 m 558.5 653.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 627.25 m 558.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 277.5 627.25 m 320.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 627.25 m 510.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 627.25 m 558.5 627.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 588.25 m 168.5 588.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 588.25 m 209.5 588.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 588.25 m 247.5 588.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 247.5 588.25 m 277.5 588.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 277.5 588.25 m 320.5 588.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 320.5 588.25 m 377.5 588.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 588.25 m 417.5 588.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 588.25 m 458.5 588.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 588.25 m 510.5 588.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 588.25 m 558.5 588.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 588.25 m 168.5 588.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 573.25 m 168.5 573.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 588.25 m 209.5 588.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 573.25 m 209.5 573.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 588.25 m 247.5 588.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 573.25 m 247.5 573.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 247.5 588.25 m 277.5 588.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 573.25 m 277.5 573.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 277.5 588.25 m 320.5 588.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 573.25 m 320.5 573.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 320.5 588.25 m 377.5 588.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 573.25 m 377.5 573.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 588.25 m 417.5 588.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 573.25 m 417.5 573.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 588.25 m 458.5 588.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 573.25 m 458.5 573.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 588.25 m 510.5 588.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 573.25 m 510.5 573.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 588.25 m 558.5 588.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 573.25 m 558.5 573.25 l s BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 672.50 Td (As at March 31, 2014) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 657.50 Td (\(thousands of dollars, except for other data\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 57.00 631.25 Td (Property) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 179.60 643.25 Td (Number of) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 193.25 637.25 Td (Units) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 176.30 631.25 Td (Constructed) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 217.60 643.25 Td (Number of ) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 231.25 637.25 Td (Units) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 223.60 631.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 228.71 631.25 Td (e-Sold) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 263.35 643.25 Td (% of) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 261.25 637.25 Td (Units) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 253.60 631.25 Td (Pre-Sold) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 290.60 637.25 Td (Number of) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 280.00 631.25 Td (Units Occupied) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 346.15 643.25 Td (Target Fully) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 348.80 637.25 Td (Occupied/) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 332.85 631.25 Td (Completion Date) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 380.15 643.25 Td (Total Est. Cost) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 382.95 637.25 Td (incl. Land \(at) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 401.80 631.25 Td (50%\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 427.60 646.25 Td (Investment) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 427.00 640.25 Td (Cost, net of) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 424.25 634.25 Td (Cost of Sales) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 434.80 628.25 Td (\(at 50%\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 461.85 637.25 Td (Estimated Costs to) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 461.85 631.25 Td (Complete \(at 50%\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 523.45 643.25 Td (Deb) Tj ET Q q 0 0 0 rg BT 533.25 643.25 Td (t Funded ) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 535.15 637.25 Td (b) Tj ET Q q 0 0 0 rg BT 538.27 637.25 Td (y Thir) Tj ET Q q 0 0 0 rg BT 551.81 637.25 Td (d ) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 516.75 631.25 Td (P) Tj ET Q q 0 0 0 rg BT 519.72 631.25 Td (arties \(a) Tj ET Q q 0 0 0 rg BT 539.40 631.25 Td (t 50%\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 57.00 618.50 Td (Shop) Tj ET Q q 0 0 0 rg BT 71.23 618.50 Td (s a) Tj ET Q q 0 0 0 rg BT 78.84 618.50 Td (t King Liberty \(Fuzion\) ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 142.27 621.84 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 195.35 618.50 Td (246) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 233.35 618.50 Td (246) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 255.95 618.50 Td (100.0) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 271.95 618.50 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 306.35 618.50 Td (246) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 348.20 618.50 Td (Q1, 2014) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 380.00 618.50 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 395.35 618.50 Td (28,189) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 420.00 618.50 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 439.90 618.50 Td (1,328) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 461.00 618.50 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 501.50 618.50 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 513.00 618.50 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 549.50 618.50 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 57.00 605.50 Td (Shops at King Liberty \(KingsClub\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 194.45 605.50 Td (TBD) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 233.35 605.50 Td (184) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 262.45 605.50 Td (TBD) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 311.50 605.50 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 339.70 605.50 Td (2015 / 2016) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 408.50 605.50 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 436.35 605.50 Td (20,285) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 501.50 605.50 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 539.90 605.50 Td (3,573) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 57.00 592.50 Td (1071 King Street) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 408.50 592.50 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 439.90 592.50 Td (3,582) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 501.50 592.50 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 549.50 592.50 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 57.00 577.50 Td (As at, and for the period ended, March 31, 2014) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 420.00 577.50 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 436.35 577.50 Td (25,195) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 565.69 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 562.35 Td ( R) Tj ET Q q 0 0 0 rg BT 64.32 562.35 Td (emaining balance r) Tj ET Q q 0 0 0 rg BT 118.24 562.35 Td (ela) Tj ET Q q 0 0 0 rg BT 126.62 562.35 Td (t) Tj ET Q q 0 0 0 rg BT 128.89 562.35 Td (es t) Tj ET Q q 0 0 0 rg BT 138.97 562.35 Td (o 36 unsold parking spots and the g) Tj ET Q q 0 0 0 rg BT 239.77 562.35 Td (eothermal HV) Tj ET Q q 0 0 0 rg BT 279.03 562.35 Td (A) Tj ET Q q 0 0 0 rg BT 283.03 562.35 Td (C s) Tj ET Q q 0 0 0 rg BT 290.96 562.35 Td (y) Tj ET Q q 0 0 0 rg BT 294.06 562.35 Td (s) Tj ET Q q 0 0 0 rg BT 296.72 562.35 Td (t) Tj ET Q q 0 0 0 rg BT 298.99 562.35 Td (em.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 544.35 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 544.35 Td (y is partnering with a T) Tj ET Q q 0 0 0 rg BT 196.78 544.35 Td (or) Tj ET Q q 0 0 0 rg BT 205.38 544.35 Td (on) Tj ET Q q 0 0 0 rg BT 215.81 544.35 Td (t) Tj ET Q q 0 0 0 rg BT 219.06 544.35 Td (o-based c) Tj ET Q q 0 0 0 rg BT 257.99 544.35 Td (ondominium de) Tj ET Q q 0 0 0 rg BT 322.56 544.35 Td (v) Tj ET Q q 0 0 0 rg BT 326.98 544.35 Td (eloper t) Tj ET Q q 0 0 0 rg BT 358.75 544.35 Td (o de) Tj ET Q q 0 0 0 rg BT 376.47 544.35 Td (v) Tj ET Q q 0 0 0 rg BT 380.88 544.35 Td (elop its r) Tj ET Q q 0 0 0 rg BT 416.11 544.35 Td (esiden) Tj ET Q q 0 0 0 rg BT 442.69 544.35 Td (tial density pr) Tj ET Q q 0 0 0 rg BT 498.08 544.35 Td (oject a) Tj ET Q q 0 0 0 rg BT 525.26 544.35 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 532.35 Td (Shop) Tj ET Q q 0 0 0 rg BT 74.33 532.35 Td (s a) Tj ET Q q 0 0 0 rg BT 85.20 532.35 Td (t King Liberty in T) Tj ET Q q 0 0 0 rg BT 154.66 532.35 Td (or) Tj ET Q q 0 0 0 rg BT 163.26 532.35 Td (on) Tj ET Q q 0 0 0 rg BT 173.70 532.35 Td (t) Tj ET Q q 0 0 0 rg BT 176.95 532.35 Td (o. The Compan) Tj ET Q q 0 0 0 rg BT 238.08 532.35 Td (y has a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 268.13 532.35 Td (50%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 285.42 532.35 Td ( in) Tj ET Q q 0 0 0 rg BT 295.13 532.35 Td (t) Tj ET Q q 0 0 0 rg BT 298.38 532.35 Td (er) Tj ET Q q 0 0 0 rg BT 306.71 532.35 Td (es) Tj ET Q q 0 0 0 rg BT 315.48 532.35 Td (t in the pr) Tj ET Q q 0 0 0 rg BT 355.32 532.35 Td (oject and r) Tj ET Q q 0 0 0 rg BT 398.71 532.35 Td (ec) Tj ET Q q 0 0 0 rg BT 407.83 532.35 Td (ogniz) Tj ET Q q 0 0 0 rg BT 429.09 532.35 Td (es its righ) Tj ET Q q 0 0 0 rg BT 467.70 532.35 Td (t t) Tj ET Q q 0 0 0 rg BT 476.56 532.35 Td (o the asse) Tj ET Q q 0 0 0 rg BT 517.47 532.35 Td (ts and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 520.35 Td (oblig) Tj ET Q q 0 0 0 rg BT 73.64 520.35 Td (a) Tj ET Q q 0 0 0 rg BT 78.34 520.35 Td (tions f) Tj ET Q q 0 0 0 rg BT 103.52 520.35 Td (or liabilities in its financial r) Tj ET Q q 0 0 0 rg BT 214.35 520.35 Td (esults. The pr) Tj ET Q q 0 0 0 rg BT 268.77 520.35 Td (oject includes tw) Tj ET Q q 0 0 0 rg BT 337.38 520.35 Td (o phases: Fuzion and KingsClub. The Compan) Tj ET Q q 0 0 0 rg BT 519.74 520.35 Td (y's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 508.35 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 508.35 Td (esiden) Tj ET Q q 0 0 0 rg BT 83.93 508.35 Td (tial de) Tj ET Q q 0 0 0 rg BT 109.10 508.35 Td (v) Tj ET Q q 0 0 0 rg BT 113.52 508.35 Td (elopmen) Tj ET Q q 0 0 0 rg BT 149.44 508.35 Td (t in) Tj ET Q q 0 0 0 rg BT 162.43 508.35 Td (v) Tj ET Q q 0 0 0 rg BT 166.85 508.35 Td (en) Tj ET Q q 0 0 0 rg BT 176.99 508.35 Td (t) Tj ET Q q 0 0 0 rg BT 180.24 508.35 Td (or) Tj ET Q q 0 0 0 rg BT 189.05 508.35 Td (y c) Tj ET Q q 0 0 0 rg BT 199.98 508.35 Td (omprises the c) Tj ET Q q 0 0 0 rg BT 259.32 508.35 Td (ons) Tj ET Q q 0 0 0 rg BT 273.65 508.35 Td (truction and sale or r) Tj ET Q q 0 0 0 rg BT 358.57 508.35 Td (en) Tj ET Q q 0 0 0 rg BT 368.70 508.35 Td (t) Tj ET Q q 0 0 0 rg BT 371.93 508.35 Td (al of r) Tj ET Q q 0 0 0 rg BT 395.22 508.35 Td (esiden) Tj ET Q q 0 0 0 rg BT 421.79 508.35 Td (tial c) Tj ET Q q 0 0 0 rg BT 440.92 508.35 Td (ondominium units. The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 496.35 Td (Compan) Tj ET Q q 0 0 0 rg BT 87.71 496.35 Td (y r) Tj ET Q q 0 0 0 rg BT 97.85 496.35 Td (ec) Tj ET Q q 0 0 0 rg BT 106.97 496.35 Td (ogniz) Tj ET Q q 0 0 0 rg BT 128.22 496.35 Td (es r) Tj ET Q q 0 0 0 rg BT 142.73 496.35 Td (e) Tj ET Q q 0 0 0 rg BT 147.65 496.35 Td (v) Tj ET Q q 0 0 0 rg BT 152.07 496.35 Td (enue fr) Tj ET Q q 0 0 0 rg BT 181.17 496.35 Td (om the sale of r) Tj ET Q q 0 0 0 rg BT 244.70 496.35 Td (esiden) Tj ET Q q 0 0 0 rg BT 271.28 496.35 Td (tial units upon sub) Tj ET Q q 0 0 0 rg BT 346.26 496.35 Td (s) Tj ET Q q 0 0 0 rg BT 350.05 496.35 Td (t) Tj ET Q q 0 0 0 rg BT 353.28 496.35 Td (an) Tj ET Q q 0 0 0 rg BT 363.23 496.35 Td (tial c) Tj ET Q q 0 0 0 rg BT 382.37 496.35 Td (omple) Tj ET Q q 0 0 0 rg BT 408.10 496.35 Td (tion. The Compan) Tj ET Q q 0 0 0 rg BT 480.13 496.35 Td (y c) Tj ET Q q 0 0 0 rg BT 491.06 496.35 Td (onsider) Tj ET Q q 0 0 0 rg BT 521.34 496.35 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 484.35 Td (sub) Tj ET Q q 0 0 0 rg BT 68.37 484.35 Td (s) Tj ET Q q 0 0 0 rg BT 72.17 484.35 Td (t) Tj ET Q q 0 0 0 rg BT 75.40 484.35 Td (an) Tj ET Q q 0 0 0 rg BT 85.35 484.35 Td (tial c) Tj ET Q q 0 0 0 rg BT 104.48 484.35 Td (omple) Tj ET Q q 0 0 0 rg BT 130.22 484.35 Td (tion f) Tj ET Q q 0 0 0 rg BT 151.49 484.35 Td (or each r) Tj ET Q q 0 0 0 rg BT 187.37 484.35 Td (esiden) Tj ET Q q 0 0 0 rg BT 213.95 484.35 Td (tial unit t) Tj ET Q q 0 0 0 rg BT 250.60 484.35 Td (o be the poin) Tj ET Q q 0 0 0 rg BT 304.45 484.35 Td (t in which the pur) Tj ET Q q 0 0 0 rg BT 376.00 484.35 Td (chaser has paid all amoun) Tj ET Q q 0 0 0 rg BT 481.08 484.35 Td (ts due on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 472.35 Td (in) Tj ET Q q 0 0 0 rg BT 61.46 472.35 Td (t) Tj ET Q q 0 0 0 rg BT 64.70 472.35 Td (erim closing and has the righ) Tj ET Q q 0 0 0 rg BT 181.19 472.35 Td (t t) Tj ET Q q 0 0 0 rg BT 190.05 472.35 Td (o occup) Tj ET Q q 0 0 0 rg BT 221.78 472.35 Td (y the pr) Tj ET Q q 0 0 0 rg BT 253.01 472.35 Td (emises, has demons) Tj ET Q q 0 0 0 rg BT 334.59 472.35 Td (tr) Tj ET Q q 0 0 0 rg BT 341.22 472.35 Td (a) Tj ET Q q 0 0 0 rg BT 345.91 472.35 Td (t) Tj ET Q q 0 0 0 rg BT 349.16 472.35 Td (ed c) Tj ET Q q 0 0 0 rg BT 365.79 472.35 Td (ollect) Tj ET Q q 0 0 0 rg BT 388.09 472.35 Td (ability of the balance due a) Tj ET Q q 0 0 0 rg BT 497.87 472.35 Td (t closing) Tj ET Q q 0 0 0 rg BT 531.55 472.35 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 460.35 Td (and has r) Tj ET Q q 0 0 0 rg BT 91.13 460.35 Td (eceiv) Tj ET Q q 0 0 0 rg BT 112.02 460.35 Td (ed an undert) Tj ET Q q 0 0 0 rg BT 164.27 460.35 Td (aking fr) Tj ET Q q 0 0 0 rg BT 194.50 460.35 Td (om the pr) Tj ET Q q 0 0 0 rg BT 234.44 460.35 Td (operty o) Tj ET Q q 0 0 0 rg BT 268.80 460.35 Td (wner) Tj ET Q q 0 0 0 rg BT 289.49 460.35 Td (s t) Tj ET Q q 0 0 0 rg BT 298.92 460.35 Td (o be assigned title in due c) Tj ET Q q 0 0 0 rg BT 406.52 460.35 Td (our) Tj ET Q q 0 0 0 rg BT 420.37 460.35 Td (se, or when title has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 448.35 Td (tr) Tj ET Q q 0 0 0 rg BT 60.63 448.35 Td (ans) Tj ET Q q 0 0 0 rg BT 74.49 448.35 Td (f) Tj ET Q q 0 0 0 rg BT 77.30 448.35 Td (err) Tj ET Q q 0 0 0 rg BT 89.11 448.35 Td (ed. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 430.35 Td (Fuzion c) Tj ET Q q 0 0 0 rg BT 87.03 430.35 Td (onsis) Tj ET Q q 0 0 0 rg BT 107.56 430.35 Td (ts of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 127.67 430.35 Td (246) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 142.87 430.35 Td ( r) Tj ET Q q 0 0 0 rg BT 148.49 430.35 Td (esiden) Tj ET Q q 0 0 0 rg BT 175.06 430.35 Td (tial units in a c) Tj ET Q q 0 0 0 rg BT 233.38 430.35 Td (ondominium t) Tj ET Q q 0 0 0 rg BT 291.02 430.35 Td (o) Tj ET Q q 0 0 0 rg BT 296.26 430.35 Td (w) Tj ET Q q 0 0 0 rg BT 303.32 430.35 Td (er and appr) Tj ET Q q 0 0 0 rg BT 350.22 430.35 Td (o) Tj ET Q q 0 0 0 rg BT 355.30 430.35 Td (xima) Tj ET Q q 0 0 0 rg BT 374.61 430.35 Td (t) Tj ET Q q 0 0 0 rg BT 377.85 430.35 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.91 430.35 Td (9,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 414.68 430.35 Td ( squar) Tj ET Q q 0 0 0 rg BT 439.50 430.35 Td (e f) Tj ET Q q 0 0 0 rg BT 449.54 430.35 Td (ee) Tj ET Q q 0 0 0 rg BT 459.44 430.35 Td (t of r) Tj ET Q q 0 0 0 rg BT 478.99 430.35 Td (e) Tj ET Q q 0 0 0 rg BT 483.91 430.35 Td (t) Tj ET Q q 0 0 0 rg BT 487.14 430.35 Td (ail space. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 418.35 Td (In) Tj ET Q q 0 0 0 rg BT 61.68 418.35 Td (t) Tj ET Q q 0 0 0 rg BT 64.92 418.35 Td (erim occupancy f) Tj ET Q q 0 0 0 rg BT 134.07 418.35 Td (or the Fuzion r) Tj ET Q q 0 0 0 rg BT 193.17 418.35 Td (esiden) Tj ET Q q 0 0 0 rg BT 219.74 418.35 Td (tial units c) Tj ET Q q 0 0 0 rg BT 261.20 418.35 Td (ommenced during the fir) Tj ET Q q 0 0 0 rg BT 362.41 418.35 Td (s) Tj ET Q q 0 0 0 rg BT 366.21 418.35 Td (t quart) Tj ET Q q 0 0 0 rg BT 393.84 418.35 Td (er of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 415.15 418.35 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.43 418.35 Td ( and r) Tj ET Q q 0 0 0 rg BT 458.60 418.35 Td (egis) Tj ET Q q 0 0 0 rg BT 474.38 418.35 Td (tr) Tj ET Q q 0 0 0 rg BT 481.01 418.35 Td (a) Tj ET Q q 0 0 0 rg BT 485.70 418.35 Td (tion and final ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 406.35 Td (closings occurr) Tj ET Q q 0 0 0 rg BT 113.96 406.35 Td (ed on all units in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 183.01 406.35 Td (Q1, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 219.84 406.35 Td (. As a) Tj ET Q q 0 0 0 rg BT 241.28 406.35 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 246.89 406.35 Td (Mar) Tj ET Q q 0 0 0 rg BT 263.57 406.35 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 310.48 406.35 Td (, all units w) Tj ET Q q 0 0 0 rg BT 356.26 406.35 Td (er) Tj ET Q q 0 0 0 rg BT 364.59 406.35 Td (e sold, with possession and occupancy t) Tj ET Q q 0 0 0 rg BT 525.94 406.35 Td (ak) Tj ET Q q 0 0 0 rg BT 534.95 406.35 Td (en. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 394.35 Td (Pr) Tj ET Q q 0 0 0 rg BT 62.49 394.35 Td (oceeds a) Tj ET Q q 0 0 0 rg BT 98.07 394.35 Td (t the Compan) Tj ET Q q 0 0 0 rg BT 153.22 394.35 Td (y) Tj ET Q q 0 0 0 rg BT 158.05 394.35 Td () Tj ET Q q 0 0 0 rg BT 159.94 394.35 Td (s 50% in) Tj ET Q q 0 0 0 rg BT 193.11 394.35 Td (t) Tj ET Q q 0 0 0 rg BT 196.35 394.35 Td (er) Tj ET Q q 0 0 0 rg BT 204.68 394.35 Td (es) Tj ET Q q 0 0 0 rg BT 213.46 394.35 Td (t of appr) Tj ET Q q 0 0 0 rg BT 248.28 394.35 Td (o) Tj ET Q q 0 0 0 rg BT 253.36 394.35 Td (xima) Tj ET Q q 0 0 0 rg BT 272.67 394.35 Td (t) Tj ET Q q 0 0 0 rg BT 275.91 394.35 Td (ely $26 million w) Tj ET Q q 0 0 0 rg BT 344.45 394.35 Td (er) Tj ET Q q 0 0 0 rg BT 352.78 394.35 Td (e r) Tj ET Q q 0 0 0 rg BT 363.37 394.35 Td (eceiv) Tj ET Q q 0 0 0 rg BT 384.26 394.35 Td (ed of which appr) Tj ET Q q 0 0 0 rg BT 452.40 394.35 Td (o) Tj ET Q q 0 0 0 rg BT 457.48 394.35 Td (xima) Tj ET Q q 0 0 0 rg BT 476.79 394.35 Td (t) Tj ET Q q 0 0 0 rg BT 480.04 394.35 Td (ely $22 million ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 382.35 Td (w) Tj ET Q q 0 0 0 rg BT 61.04 382.35 Td (as dir) Tj ET Q q 0 0 0 rg BT 82.90 382.35 Td (ect) Tj ET Q q 0 0 0 rg BT 95.35 382.35 Td (ed t) Tj ET Q q 0 0 0 rg BT 111.09 382.35 Td (o r) Tj ET Q q 0 0 0 rg BT 121.98 382.35 Td (epa) Tj ET Q q 0 0 0 rg BT 136.81 382.35 Td (y the Compan) Tj ET Q q 0 0 0 rg BT 193.15 382.35 Td (y) Tj ET Q q 0 0 0 rg BT 197.97 382.35 Td () Tj ET Q q 0 0 0 rg BT 199.86 382.35 Td (s indeb) Tj ET Q q 0 0 0 rg BT 229.02 382.35 Td (t) Tj ET Q q 0 0 0 rg BT 232.26 382.35 Td (edness on the pr) Tj ET Q q 0 0 0 rg BT 300.01 382.35 Td (oject) Tj ET Q q 0 0 0 rg BT 320.58 382.35 Td () Tj ET Q q 0 0 0 rg BT 322.46 382.35 Td (s cr) Tj ET Q q 0 0 0 rg BT 336.22 382.35 Td (edit f) Tj ET Q q 0 0 0 rg BT 357.21 382.35 Td (acility) Tj ET Q q 0 0 0 rg BT 380.33 382.35 Td (. The Compan) Tj ET Q q 0 0 0 rg BT 436.18 382.35 Td (y's t) Tj ET Q q 0 0 0 rg BT 452.34 382.35 Td (ot) Tj ET Q q 0 0 0 rg BT 460.84 382.35 Td (al g) Tj ET Q q 0 0 0 rg BT 474.71 382.35 Td (ain r) Tj ET Q q 0 0 0 rg BT 492.66 382.35 Td (ealiz) Tj ET Q q 0 0 0 rg BT 510.74 382.35 Td (ed on its ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 370.35 Td (shar) Tj ET Q q 0 0 0 rg BT 71.31 370.35 Td (e of the pr) Tj ET Q q 0 0 0 rg BT 113.55 370.35 Td (oject w) Tj ET Q q 0 0 0 rg BT 143.07 370.35 Td (as $3.0 million. 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505.01 675.00 Td (es. In ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 663.00 Td (addition, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.07 663.00 Td (y also incur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.73 663.00 Td (s e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.73 663.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.05 663.00 Td (es f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.04 663.00 Td (or the purposes of e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.89 663.00 Td (xpansion, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.36 663.00 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.52 663.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.94 663.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.86 663.00 Td (t and de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.21 663.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.63 663.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.55 663.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 651.00 Td (activities.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 633.00 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 633.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.18 633.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.60 633.00 Td (enue sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.28 633.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.51 633.00 Td (aining c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.51 633.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.08 633.00 Td (al e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.25 633.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.57 633.00 Td (es ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.86 633.00 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.45 633.00 Td (equir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.58 633.00 Td (ed f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 273.92 633.00 Td (or main) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.17 633.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.40 633.00 Td (aining the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 384.80 633.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.63 633.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.51 633.00 Td (s shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.51 633.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 458.22 633.00 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.95 633.00 Td (fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.28 633.00 Td (as) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.87 633.00 Td (tructur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 516.14 633.00 Td (e and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 621.00 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 621.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.28 621.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.70 621.00 Td (enues fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.71 621.00 Td (om leasing of e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.13 621.00 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.55 621.00 Td (ting space. R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.62 621.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.54 621.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.96 621.00 Td (enue sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.65 621.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.88 621.00 Td (aining c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.88 621.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.44 621.00 Td (al e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.61 621.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.93 621.00 Td (es ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.23 621.00 Td (e not r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.95 621.00 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.08 621.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.30 621.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.72 621.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.98 621.00 Td (able fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.93 621.00 Td (om t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.70 621.00 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.88 621.00 Td (ts. T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 525.34 621.00 Td (ypic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 541.56 621.00 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 609.00 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 609.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.22 609.00 Td (ts r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.09 609.00 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.06 609.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.30 609.00 Td (e t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.79 609.00 Td (o ong) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.49 609.00 Td (oing in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.67 609.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.08 609.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.86 609.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.33 609.00 Td (ts of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.59 609.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.15 609.00 Td (al f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.34 609.00 Td (or t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.60 609.00 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.78 609.00 Td (t leasing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.03 609.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.10 609.00 Td (ts r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.98 609.00 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.94 609.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.19 609.00 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.93 609.00 Td (o ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.64 609.00 Td (w and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.96 609.00 Td (ene) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.12 609.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.16 609.00 Td (al leasing) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.84 609.00 Td (, and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.30 609.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 519.87 609.00 Td (al t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 532.47 609.00 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 597.00 Td (ph) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.32 597.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.76 597.00 Td (sic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.11 597.00 Td (ally main) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.51 597.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.74 597.00 Td (ain its shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.98 597.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.68 597.00 Td (es such as r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.03 597.00 Td (oof r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.24 597.00 Td (eplacemen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.88 597.00 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.07 597.00 Td (ogr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.34 597.00 Td (ams and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.20 597.00 Td (esurf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.68 597.00 Td (acing of parking lots. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 579.00 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 579.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.18 579.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.60 579.00 Td (enue enhancing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.74 579.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.30 579.00 Td (al e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.47 579.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.79 579.00 Td (es ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.09 579.00 Td (e those e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.17 579.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.49 579.00 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.94 579.00 Td (t incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.68 579.00 Td (ease the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.79 579.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.72 579.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.14 579.00 Td (enue g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.48 579.00 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.97 579.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.66 579.00 Td (ting ability of the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 567.00 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.71 567.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.54 567.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.42 567.00 Td (s shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.42 567.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.12 567.00 Td (es. R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.05 567.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.98 567.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.40 567.00 Td (enue enhancing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.53 567.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.10 567.00 Td (al e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.27 567.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.59 567.00 Td (es ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.88 567.00 Td (e incurr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 379.99 567.00 Td (ed in c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.44 567.00 Td (onjunction with or in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 555.00 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 555.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.58 555.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.82 555.00 Td (empla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.03 555.00 Td (tion of a de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.28 555.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.70 555.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.62 555.00 Td (t or r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.61 555.00 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.77 555.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.18 555.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 259.11 555.00 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.52 555.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.15 555.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.84 555.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.09 555.00 Td (egy) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.58 555.00 Td (, or r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.71 555.00 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.68 555.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.92 555.00 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.67 555.00 Td (o acquisition, disposition or the same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 509.15 555.00 Td (operty ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 543.00 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 543.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.84 543.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.08 543.00 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.70 543.00 Td (ories. Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.32 543.00 Td (al e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.49 543.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.82 543.00 Td (es incurr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.83 543.00 Td (ed in de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.32 543.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.73 543.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.66 543.00 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.18 543.00 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.34 543.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.76 543.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.68 543.00 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.87 543.00 Td (ojects include pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.68 543.00 Td (e-de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.90 543.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.32 543.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.24 543.00 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.00 543.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 523.07 543.00 Td (ts, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 531.00 Td (dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.90 531.00 Td (ect c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.86 531.00 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.19 531.00 Td (truction c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.09 531.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.16 531.00 Td (ts, borr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.51 531.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.75 531.00 Td (wing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.56 531.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.63 531.00 Td (ts, and o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.44 531.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.85 531.00 Td (erhead including applic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.98 531.00 Td (able salaries and other dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.33 531.00 Td (ect c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.29 531.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.36 531.00 Td (ts of in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 509.93 531.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 513.17 531.00 Td (ernal ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 519.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.80 519.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.03 519.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.76 519.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.71 519.00 Td (f dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.93 519.00 Td (ectly a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.26 519.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.47 519.00 Td (tribut) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.33 519.00 Td (able t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.16 519.00 Td (o the pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.12 519.00 Td (ojects under activ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.07 519.00 Td (e de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.49 519.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.91 519.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.83 519.00 Td (t.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 501.00 Td (Additionally) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.95 501.00 Td (, cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.63 501.00 Td (ain t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.47 501.00 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.65 501.00 Td (t leases pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.96 501.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.19 501.00 Td (vide the ability t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.65 501.00 Td (o r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.54 501.00 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.66 501.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.89 501.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.31 501.00 Td (er fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.41 501.00 Td (om t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.17 501.00 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.35 501.00 Td (ts o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.10 501.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.52 501.00 Td (er time a portion of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.34 501.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.91 501.00 Td (al in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.64 501.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.05 501.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.83 501.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.30 501.00 Td (ts t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 543.08 501.00 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 489.00 Td (ph) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.32 489.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.76 489.00 Td (sic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.11 489.00 Td (ally main) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.51 489.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.74 489.00 Td (ain the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.88 489.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.71 489.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.60 489.00 Td (s shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.60 489.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.30 489.00 Td (es as pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.99 489.00 Td (operty oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.90 489.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.60 489.00 Td (ting c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 361.61 489.00 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.68 489.00 Td (ts.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 471.00 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 471.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.18 471.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.60 471.00 Td (enue enhancing or sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.58 471.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.80 471.00 Td (aining c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.80 471.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.37 471.00 Td (al e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.54 471.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.86 471.00 Td (es ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.15 471.00 Td (e dependen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.49 471.00 Td (t upon man) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.25 471.00 Td (y f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.89 471.00 Td (act) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.16 471.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.75 471.00 Td (s, including the ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.77 471.00 Td (e and loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.28 471.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.97 471.00 Td (tion of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 459.00 Td (the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.55 459.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.38 459.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.26 459.00 Td (s shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.26 459.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.96 459.00 Td (es. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.71 459.00 Td (y o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.73 459.00 Td (wns and activ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.94 459.00 Td (ely seek) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.31 459.00 Td (s t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.74 459.00 Td (o acquir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.45 459.00 Td (e older) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.11 459.00 Td (, w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 422.93 459.00 Td (ell-loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.27 459.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.96 459.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.21 459.00 Td (ed shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.52 459.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 528.23 459.00 Td (es in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 447.00 Td (urban loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.01 447.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.71 447.00 Td (tions, wher) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.28 447.00 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.34 447.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.66 447.00 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.05 447.00 Td (end t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.05 447.00 Td (o be higher when the) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.71 447.00 Td (y ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.65 447.00 Td (e sub) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.25 447.00 Td (sequen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.78 447.00 Td (tly r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.57 447.00 Td (epair) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.24 447.00 Td (ed or c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.89 447.00 Td (onditions br) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.89 447.00 Td (ough) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.29 447.00 Td (t up t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 536.92 447.00 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 435.00 Td (the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.55 435.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.38 435.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.26 435.00 Td (s s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.23 435.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.46 435.00 Td (andar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.90 435.00 Td (ds or r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.70 435.00 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.85 435.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.27 435.00 Td (eloped. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 417.00 Td (In addition t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.31 417.00 Td (o pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.42 417.00 Td (operty c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.70 417.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.39 417.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.64 417.00 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.25 417.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.06 417.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.87 417.00 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.17 417.00 Td (y also c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.64 417.00 Td (onsider) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.92 417.00 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.67 417.00 Td (operty ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.21 417.00 Td (e, the pot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.55 417.00 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.68 417.00 Td (tial e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.56 417.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 422.52 417.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.32 417.00 Td (ects on occupancy and futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 539.95 417.00 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 405.00 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 405.00 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.49 405.00 Td (ts per squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.55 405.00 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.63 405.00 Td (oot, the time leasable space has been v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.26 405.00 Td (ac) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.20 405.00 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.15 405.00 Td (t and other f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.78 405.00 Td (act) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.05 405.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.64 405.00 Td (s when assessing whe) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.95 405.00 Td (ther a c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.47 405.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.04 405.00 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 393.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.82 393.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.15 393.00 Td (e is r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.20 393.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.13 393.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.55 393.00 Td (enue enhancing or sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.53 393.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.75 393.00 Td (aining.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 375.00 Td (His) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.32 375.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.58 375.00 Td (oric) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.78 375.00 Td (ally) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.97 375.00 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.27 375.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.10 375.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.99 375.00 Td (s r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.51 375.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.44 375.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.86 375.00 Td (enue sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.54 375.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.77 375.00 Td (aining e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.45 375.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.77 375.00 Td (es on same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.21 375.00 Td (operty r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.62 375.00 Td (ang) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.29 375.00 Td (e fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.90 375.00 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.42 375.00 Td ($0.81 t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.73 375.00 Td (o $0.87) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.06 375.00 Td ( per squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 519.86 375.00 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.94 375.00 Td (oot ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 363.00 Td (per annum. The thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.62 363.00 Td (ee-) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.54 363.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.94 363.00 Td (ear w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.52 363.00 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.65 363.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.90 363.00 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.01 363.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.43 363.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.69 363.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.10 363.00 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.62 363.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.32 363.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.56 363.00 Td (e of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.73 363.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.66 363.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.08 363.00 Td (enue sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.76 363.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.99 363.00 Td (aining e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.67 363.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.99 363.00 Td (es on a same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.48 363.00 Td (operty basis f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.87 363.00 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 351.00 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.96 351.00 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.59 351.00 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.02 351.00 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.93 351.00 Td ( on an annualiz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.94 351.00 Td (ed basis w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.89 351.00 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.85 351.00 Td ($0.84) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.65 351.00 Td ( per squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.45 351.00 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.53 351.00 Td (oot c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.83 351.00 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.49 351.00 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.23 351.00 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.77 351.00 Td ($0.84) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.57 351.00 Td ( per squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.37 351.00 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 534.44 351.00 Td (oot ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 339.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.84 339.00 Td (or fisc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.27 339.00 Td (al y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.02 339.00 Td (ear ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.53 339.00 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.80 339.00 Td (. Ov) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.63 339.00 Td (er the pas) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.03 339.00 Td (t thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.60 339.00 Td (ee y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 221.22 339.00 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.30 339.00 Td (s, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.51 339.00 Td (y has incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.65 339.00 Td (eased its e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.45 339.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.77 339.00 Td (es on r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.04 339.00 Td (oof and parking lot ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 327.00 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 327.00 Td (eplacemen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.00 327.00 Td (ts in the same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.67 327.00 Td (operty c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.95 327.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.64 327.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.88 327.00 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.50 327.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.31 327.00 Td (y a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.79 327.00 Td (t se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.24 327.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 259.66 327.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.92 327.00 Td (al of its shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.49 327.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.20 327.00 Td (es, which will r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.93 327.00 Td (educe its ong) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.86 327.00 Td (oing main) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 513.88 327.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.13 327.00 Td (enance ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 315.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.82 315.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.15 315.00 Td (es a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.99 315.00 Td (t these cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.69 315.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.40 315.00 Td (es g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.18 315.00 Td (oing f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.81 315.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.63 315.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.66 315.00 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.80 315.00 Td (d. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 297.00 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 297.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.18 297.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.60 297.00 Td (enue sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.28 297.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.51 297.00 Td (aining and enhancing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.34 297.00 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.91 297.00 Td (al e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.08 297.00 Td (xpenditur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.40 297.00 Td (es on in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.72 297.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.14 297.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.91 297.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.39 297.00 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.58 297.00 Td (operties, which include shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.94 297.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 506.64 297.00 Td (es and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 285.00 Td (de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.18 285.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.60 285.00 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.52 285.00 Td (t land, ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.63 285.00 Td (e as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.67 285.00 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.76 285.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.82 285.00 Td (s:) Tj ET Q 0.21176470588235294 0.20392156862745098 0.20784313725490197 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 274.5 m 437.5 274.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 261.5 m 437.5 261.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 274.5 m 497.5 274.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 261.5 m 497.5 261.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 274.5 m 557.5 274.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 261.5 m 557.5 261.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 249.5 m 437.5 249.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 249.5 m 497.5 249.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 249.5 m 557.5 249.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 223.5 m 437.5 223.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 210.5 m 437.5 210.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 223.5 m 497.5 223.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 210.5 m 497.5 210.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 223.5 m 557.5 223.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 210.5 m 557.5 210.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 158.5 m 437.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 143.5 m 437.5 143.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 158.5 m 497.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 143.5 m 497.5 143.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 158.5 m 557.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 143.5 m 557.5 143.5 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 441.10 265.25 Td (Three months ended March 31) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 251.25 Td (\(thousands of dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.75 252.25 Td (2014) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 535.75 252.25 Td (2013) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 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572.75 Td (tenants) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 216.50 573.75 Td (1,594) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 573.75 Td (633) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.55 573.75 Td (2,227) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.55 573.75 Td (385) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.10 573.75 Td (59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.55 573.75 Td (444) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 559.75 Td (Development expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.00 559.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 291.55 559.75 Td (4,824) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.55 559.75 Td (4,824) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.10 559.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.75 559.75 Td (8,382) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.75 559.75 Td (8,382) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 546.75 Td (Total Same property) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 187.00 546.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 216.50 546.75 Td (6,225) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 243.00 546.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 291.55 546.75 Td (6,285) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 342.00 546.75 Td (12,510) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.00 546.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.75 546.75 Td (7,772) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.00 546.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.15 546.75 Td (12,884) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.00 546.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.15 546.75 Td (20,656) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 533.75 Td (Major redevelopment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 342.00 533.75 Td (17,407) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.15 533.75 Td (16,413) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 520.75 Td (Ground-up development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.55 520.75 Td (6,960) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.15 520.75 Td (17,707) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 507.75 Td (Acquisitions current year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.45 507.75 Td (144) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.10 507.75 Td (88) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 494.75 Td (Acquisitions prior year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.55 494.75 Td (1,134) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.75 494.75 Td (4,554) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 481.75 Td (Investment properties classified) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.00 472.75 Td (as held for sale) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.55 473.75 Td (1,343) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.55 473.75 Td (484) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 459.75 Td (Dispositions current and prior) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.00 450.75 Td (year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.55 451.75 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.10 451.75 Td (75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 437.75 Td (Development land) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.55 437.75 Td (2,374) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.75 437.75 Td (1,824) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 423.75 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.00 423.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 342.00 423.75 Td (41,875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.00 423.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.15 423.75 Td (61,801) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 399.10 Td (2014) Tj ET Q BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.33 399.10 Td ( Leasing and Occupancy) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 381.10 Td (Same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.19 381.10 Td (operty portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.52 381.10 Td (olio occupancy as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.87 381.10 Td (t Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.16 381.10 Td (ch 31, 2014 of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.92 381.10 Td (96.1%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.80 381.10 Td ( c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.20 381.10 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.86 381.10 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.26 381.10 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.80 381.10 Td (96.5%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.68 381.10 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.60 381.10 Td (t December 31, 2013, and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 369.10 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 369.10 Td (omprises ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.50 369.10 Td (18.3 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.19 369.10 Td ( occupied squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.03 369.10 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.07 369.10 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.97 369.10 Td (t. Occupancy f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.85 369.10 Td (or the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.07 369.10 Td (emainder of the portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.98 369.10 Td (olio) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.93 369.10 Td (, including major ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 357.10 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 357.10 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.51 357.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.93 357.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.85 357.10 Td (ts, gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.90 357.10 Td (ound-up de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.95 357.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.37 357.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.29 357.10 Td (ts, acquisitions, dispositions and asse) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.80 357.10 Td (ts held f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.20 357.10 Td (or sale, t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.20 357.10 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.71 357.10 Td (alled ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.58 357.10 Td (92.6%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.45 357.10 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.37 357.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 345.10 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.68 345.10 Td (ch 31, 2014, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.49 345.10 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.15 345.10 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.89 345.10 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.43 345.10 Td (92.2%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.30 345.10 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.22 345.10 Td (t December 31, 2013, and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.76 345.10 Td (omprises ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.11 345.10 Td (5.1 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.73 345.10 Td ( occupied squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.58 345.10 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.62 345.10 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.51 345.10 Td (t, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 333.10 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 333.10 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.81 333.10 Td (viding pot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.16 333.10 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.30 333.10 Td (tial ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.46 333.10 Td (t oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.86 333.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.55 333.10 Td (ting inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.12 333.10 Td (ome gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.65 333.10 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.88 333.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.05 333.10 Td (th as the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.07 333.10 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.22 333.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.64 333.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.57 333.10 Td (t, de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.85 333.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.27 333.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.19 333.10 Td (t and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.19 333.10 Td (xpansion activities ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.22 333.10 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 321.10 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 321.10 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.88 321.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.12 321.10 Td (ed. T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.12 321.10 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.62 321.10 Td (al portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.17 321.10 Td (olio occupancy as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.53 321.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.14 321.10 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.82 321.10 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.72 321.10 Td ( of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.57 321.10 Td (95.3%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.45 321.10 Td ( c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.86 321.10 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.52 321.10 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.92 321.10 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 384.45 321.10 Td (95.5%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.33 321.10 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.25 321.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.86 321.10 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.32 321.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 303.10 Td (Occupancy c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.79 303.10 Td (omparing the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.65 303.10 Td (y's shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.38 303.10 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.08 303.10 Td (e portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.52 303.10 Td (olio b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.13 303.10 Td (y pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.49 303.10 Td (operty c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.76 303.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.46 303.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.70 303.10 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.32 303.10 Td (oriz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.16 303.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.85 303.10 Td (tion as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.95 303.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.56 303.10 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.24 303.10 Td (ch 31) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.12 303.10 Td ( is as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.65 303.10 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 522.75 303.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.81 303.10 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 292.6 m 260.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 292.6 m 310.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 292.6 m 360.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 292.6 m 405.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 292.6 m 458.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 292.6 m 508.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 292.6 m 558.5 292.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 278.6 m 260.5 278.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 236.60000000000002 m 260.5 236.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 278.6 m 310.5 278.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 236.60000000000002 m 310.5 236.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 278.6 m 360.5 278.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 236.60000000000002 m 360.5 236.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 278.6 m 405.5 278.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 236.60000000000002 m 405.5 236.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405.5 278.6 m 458.5 278.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405.5 236.60000000000002 m 458.5 236.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 278.6 m 508.5 278.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 236.60000000000002 m 508.5 236.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 278.6 m 558.5 278.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 236.60000000000002 m 558.5 236.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 200.60000000000002 m 260.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 187.60000000000002 m 260.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 200.60000000000002 m 310.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 187.60000000000002 m 310.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 200.60000000000002 m 360.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 187.60000000000002 m 360.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 200.60000000000002 m 405.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 187.60000000000002 m 405.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405.5 200.60000000000002 m 458.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405.5 187.60000000000002 m 458.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 200.60000000000002 m 508.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 187.60000000000002 m 508.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 200.60000000000002 m 558.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 187.60000000000002 m 558.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 148.60000000000002 m 260.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 135.60000000000002 m 260.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 148.60000000000002 m 310.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 135.60000000000002 m 310.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 148.60000000000002 m 360.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 135.60000000000002 m 360.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 148.60000000000002 m 405.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 135.60000000000002 m 405.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405.5 148.60000000000002 m 458.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405.5 135.60000000000002 m 458.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 148.60000000000002 m 508.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 135.60000000000002 m 508.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 148.60000000000002 m 558.5 148.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 135.60000000000002 m 558.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 96.60000000000002 m 260.5 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 81.60000000000002 m 260.5 81.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 96.60000000000002 m 310.5 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 81.60000000000002 m 310.5 81.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 96.60000000000002 m 360.5 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 81.60000000000002 m 360.5 81.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 96.60000000000002 m 405.5 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 81.60000000000002 m 405.5 81.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405.5 96.60000000000002 m 458.5 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 81.60000000000002 m 458.5 81.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 96.60000000000002 m 508.5 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 81.60000000000002 m 508.5 81.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 96.60000000000002 m 558.5 96.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 81.60000000000002 m 558.5 81.60000000000002 l s BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 350.65 283.10 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 283.10 Td (December 31, 2013) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 241.10 Td (\(square feet in thousands, except other data\)) Tj ET Q BT /F2 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 291.80 255.98 Td (Total) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 277.95 248.48 Td (Occupied) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 270.20 240.98 Td (Square Feet) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 320.75 240.98 Td (% Occupied) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 372.00 270.48 Td (Weighted) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 376.90 262.98 Td (Average) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 375.65 255.48 Td (Rate per) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 372.95 247.98 Td (Occupied) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 364.60 240.48 Td (Square Foot) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 440.30 255.98 Td (T) Tj ET Q q 0 0 0 rg BT 443.29 255.98 Td (ot) Tj ET Q q 0 0 0 rg BT 449.66 255.98 Td (al) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 426.40 248.48 Td (Occupied ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 418.85 240.98 Td (Squar) Tj ET Q q 0 0 0 rg BT 436.29 240.98 Td (e F) Tj ET Q q 0 0 0 rg BT 445.05 240.98 Td (ee) Tj ET Q q 0 0 0 rg BT 452.47 240.98 Td (t) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 469.35 240.98 Td (% Occupied) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 525.60 263.48 Td (Weighted) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 515.00 255.98 Td (Average Rate) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 514.40 248.48 Td (per Occupied) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 518.35 240.98 Td (Square Foot) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 227.35 Td (Same property stable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 282.00 227.35 Td (14,054) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.30 227.35 Td (96.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.40 227.35 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.00 227.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.50 227.35 Td (17.87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.15 227.35 Td (14,238) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.55 227.35 Td (96.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.55 227.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.00 227.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 227.35 Td (17.82) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 214.35 Td (Same pr) Tj ET Q q 0 0 0 rg BT 86.87 214.35 Td (operty with incr) Tj ET Q q 0 0 0 rg BT 144.98 214.35 Td (emen) Tj ET Q q 0 0 0 rg BT 165.77 214.35 Td (t) Tj ET Q q 0 0 0 rg BT 168.67 214.35 Td (al r) Tj ET Q q 0 0 0 rg BT 180.10 214.35 Td (ede) Tj ET Q q 0 0 0 rg BT 193.74 214.35 Td (v) Tj ET Q q 0 0 0 rg BT 197.72 214.35 Td (elopmen) Tj ET Q q 0 0 0 rg BT 230.05 214.35 Td (t) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 205.35 Td (and e) Tj ET Q q 0 0 0 rg BT 86.14 205.35 Td (xpansion) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.55 205.35 Td (4,256) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.30 205.35 Td (94.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.40 205.35 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.50 205.35 Td (18.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.75 205.35 Td (4,212) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.55 205.35 Td (95.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.55 205.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 205.35 Td (18.03) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 191.35 Td (Total same property) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 282.00 191.35 Td (18,310) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.30 191.35 Td (96.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.40 191.35 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.50 191.35 Td (17.92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.15 191.35 Td (18,450) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.55 191.35 Td (96.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.55 191.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 191.35 Td (17.87) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 178.35 Td (Major redevelopment) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 286.55 178.35 Td (2,938) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.30 178.35 Td (91.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.40 178.35 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.50 178.35 Td (17.98) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.75 178.35 Td (2,939) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.55 178.35 Td (90.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.55 178.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 178.35 Td (18.01) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 165.35 Td (Ground-up development) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 293.45 165.35 Td (663) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.30 165.35 Td (98.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.40 165.35 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.50 165.35 Td (22.88) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.55 165.35 Td (663) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.55 165.35 Td (98.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.55 165.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 165.35 Td (22.80) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 152.35 Td (Investment properties classified as held for sale) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 286.55 152.35 Td (1,024) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.30 152.35 Td (92.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.40 152.35 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.50 152.35 Td (13.80) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.75 152.35 Td (1,024) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.55 152.35 Td (92.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.55 152.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 152.35 Td (13.92) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 140.35 Td (Total portfolio before acquisitions and dispositions) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 282.00 139.35 Td (22,935) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.30 139.35 Td (95.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.40 139.35 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.00 139.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.50 139.35 Td (17.88) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.15 139.35 Td (23,076) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.55 139.35 Td (95.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.55 139.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.00 139.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 139.35 Td (17.85) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 126.35 Td (Acquisitions 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.45 126.35 Td (189) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.30 126.35 Td (93.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.40 126.35 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.00 126.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.50 126.35 Td (26.13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.10 126.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.40 126.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.55 126.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.00 126.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 126.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 113.35 Td (Acquisitions 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.45 113.35 Td (259) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.30 113.35 Td (93.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.40 113.35 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.50 113.35 Td (27.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.55 113.35 Td (269) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.55 113.35 Td (94.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.55 113.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 113.35 Td (27.92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 100.35 Td (Dispositions 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.00 100.35 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.25 100.35 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 394.00 100.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.10 100.35 Td (27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.00 100.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.55 100.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.25 100.35 Td (8.50) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 86.35 Td (Total) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 282.00 86.35 Td (23,383) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.30 86.35 Td (95.3) Tj ET Q BT /F2 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.40 86.35 Td (%) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 363.00 86.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.50 86.35 Td (18.06) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.15 86.35 Td (23,372) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.55 86.35 Td (95.5) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.55 86.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 511.00 86.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 86.35 Td (17.96) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (31) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (On the same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.48 694.50 Td (operty portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.81 694.50 Td (olio) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.77 694.50 Td (, gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.56 694.50 Td (oss ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.09 694.50 Td (w leasing t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.24 694.50 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.74 694.50 Td (alled ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.61 694.50 Td (98,000) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.45 694.50 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.27 694.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.31 694.50 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.21 694.50 Td (t including incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.05 694.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.15 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.38 694.50 Td (al de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.90 694.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.32 694.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.25 694.50 Td (t spaces ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 682.50 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 682.50 Td (oming on line f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.63 682.50 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.49 682.50 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.45 682.50 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.09 682.50 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.52 682.50 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.42 682.50 Td (. This gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.84 682.50 Td (oss ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.37 682.50 Td (w leasing on the same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.40 682.50 Td (operty portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.73 682.50 Td (olio will ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 670.50 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.62 670.50 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.11 670.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.81 670.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.05 670.50 Td (e additional minimum r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.07 670.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.21 670.50 Td (t of appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.03 670.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.11 670.50 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.42 670.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.66 670.50 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.72 670.50 Td ($2.0 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.41 670.50 Td (. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.26 670.50 Td (y achie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.54 670.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.96 670.50 Td (ed an ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.75 670.50 Td (11.8%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.63 670.50 Td ( incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.03 670.50 Td (ease on ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.73 670.50 Td (250,000) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 536.63 670.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 658.50 Td (squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.56 658.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.60 658.50 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.50 658.50 Td (t of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.05 658.50 Td (ene) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.21 658.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.24 658.50 Td (al leases o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.94 658.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.36 658.50 Td (er the e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.74 658.50 Td (xpiring lease r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.12 658.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.81 658.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.05 658.50 Td (es on a same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.55 658.50 Td (operty basis. Ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.00 658.50 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.85 658.50 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.03 658.50 Td (t closur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.96 658.50 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.35 658.50 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.86 658.50 Td (alled ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.73 658.50 Td (60,000) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 540.56 658.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 646.50 Td (squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.56 646.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.60 646.50 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.50 646.50 Td (t f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.95 646.50 Td (or the period on a same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.96 646.50 Td (operty basis. The incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.52 646.50 Td (ease in all openings v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.49 646.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.78 646.50 Td (sus all closur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.07 646.50 Td (es of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.81 646.50 Td (17.9%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.69 646.50 Td ( f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.79 646.50 Td (or the same ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 634.50 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 634.50 Td (operty portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.91 634.50 Td (olio r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.66 634.50 Td (esults fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.00 634.50 Td (om impr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.38 634.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.61 634.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.03 634.50 Td (ed r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.87 634.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.01 634.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.24 634.50 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.87 634.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.56 634.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.80 634.50 Td (es fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.33 634.50 Td (om ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.03 634.50 Td (w t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.68 634.50 Td (enancies.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 610.50 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.46 610.50 Td (or the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.67 610.50 Td (emainder of the portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.58 610.50 Td (olio) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.54 610.50 Td (, gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.33 610.50 Td (oss ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.86 610.50 Td (w leasing t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 273.01 610.50 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.51 610.50 Td (alled ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.38 610.50 Td (44,000) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.22 610.50 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.05 610.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.08 610.50 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.98 610.50 Td (t, f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.93 610.50 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.79 610.50 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.75 610.50 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.38 610.50 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.81 610.50 Td (ch 31, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 598.50 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.27 598.50 Td (, including de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.31 598.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.73 598.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.65 598.50 Td (t spaces c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.74 598.50 Td (oming on line and t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.18 598.50 Td (enancies during c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.78 598.50 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.11 598.50 Td (truction. This gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.01 598.50 Td (oss ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.55 598.50 Td (w leasing on the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 586.50 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 586.50 Td (emainder of the portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.26 586.50 Td (olio will g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.58 586.50 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.07 586.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.76 586.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.01 586.50 Td (e additional minimum r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.03 586.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.17 586.50 Td (t of appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.99 586.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.06 586.50 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.38 586.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.62 586.50 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.68 586.50 Td ($0.8 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.36 586.50 Td (. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.22 586.50 Td (y achie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 523.50 586.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.92 586.50 Td (ed a ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 574.50 Td (18.6%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.88 574.50 Td ( incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.27 574.50 Td (ease on ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.97 574.50 Td (79,000) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.81 574.50 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.63 574.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.67 574.50 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.57 574.50 Td (t of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.12 574.50 Td (ene) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.28 574.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.31 574.50 Td (al leases o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.01 574.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.43 574.50 Td (er the e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.81 574.50 Td (xpiring lease r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.18 574.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.88 574.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.12 574.50 Td (es f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.11 574.50 Td (or the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.33 574.50 Td (emainder of the portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 518.24 574.50 Td (olio. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 562.50 Td (Ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.38 562.50 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.23 562.50 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.41 562.50 Td (t openings t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.46 562.50 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.96 562.50 Td (alled ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.83 562.50 Td (20,000) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.67 562.50 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.49 562.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.53 562.50 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.43 562.50 Td (t f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.88 562.50 Td (or the period on the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.52 562.50 Td (emainder of the portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.43 562.50 Td (olio. The decr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.53 562.50 Td (ease in all ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 550.50 Td (openings v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.60 550.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.89 550.50 Td (sus all closur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.19 550.50 Td (es of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.92 550.50 Td (28.3%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.80 550.50 Td ( w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.10 550.50 Td (as impact) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.86 550.50 Td (ed b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.55 550.50 Td (y short) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.51 550.50 Td (er t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.47 550.50 Td (erm leases a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.00 550.50 Td (t lo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.14 550.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.20 550.50 Td (er r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.20 550.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.90 550.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.14 550.50 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.54 550.50 Td (o acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.24 550.50 Td (ommoda) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.71 550.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.96 550.50 Td (e t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 489.43 550.50 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 509.62 550.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 538.50 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 538.50 Td (epositioning or pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.35 538.50 Td (operty r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.83 538.50 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.99 538.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.41 538.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.33 538.50 Td (t activities, anchor t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.49 538.50 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.67 538.50 Td (t openings a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.16 538.50 Td (t mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.26 538.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.18 538.50 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.08 538.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.77 538.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.02 538.50 Td (es which ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.75 538.50 Td (e typic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.55 538.50 Td (ally lo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.25 538.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 518.31 538.50 Td (er than ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 526.50 Td (the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.12 526.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.82 526.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.06 526.50 Td (e per squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.84 526.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.92 526.50 Td (oot f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.91 526.50 Td (or smaller CRU spaces and lo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.79 526.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.85 526.50 Td (er r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.93 526.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.07 526.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.30 526.50 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.92 526.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.62 526.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.86 526.50 Td (e per squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.64 526.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.72 526.50 Td (oot incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.01 526.50 Td (eases on ancillar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.10 526.50 Td (y of) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.12 526.50 Td (fice space ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 514.50 Td (leased during the period.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 496.50 Td (The a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.99 496.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.41 496.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.66 496.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.08 496.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.59 496.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.29 496.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.53 496.50 Td (e per occupied squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.33 496.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.41 496.50 Td (oot f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.41 496.50 Td (or the same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.78 496.50 Td (operty portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.11 496.50 Td (olio incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.64 496.50 Td (eased t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.06 496.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.59 496.50 Td ($17.92) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.46 496.50 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.38 496.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.99 496.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.67 496.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 523.58 496.50 Td ( fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 532.21 496.50 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 484.50 Td ($17.87) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.87 484.50 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.79 484.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.40 484.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.86 484.50 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 466.50 Td (The a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.99 466.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.41 466.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.66 466.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.08 466.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.59 466.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.29 466.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.53 466.50 Td (e per occupied squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.33 466.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.41 466.50 Td (oot f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.41 466.50 Td (or the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.63 466.50 Td (emainder of the portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.54 466.50 Td (olio) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.49 466.50 Td (, e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.07 466.50 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.18 466.50 Td (cluding acquisitions and dispositions, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 454.50 Td (decr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.81 454.50 Td (eased t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.23 454.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.77 454.50 Td ($18.22) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.63 454.50 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.55 454.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.16 454.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.84 454.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.75 454.50 Td ( fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.39 454.50 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.91 454.50 Td ($18.30) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.78 454.50 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.70 454.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.31 454.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.77 454.50 Td (, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.88 454.50 Td (esulting fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.56 454.50 Td (om the decr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.73 454.50 Td (ease in r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.81 454.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.95 454.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.18 454.50 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 442.50 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.28 442.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.98 442.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.22 442.50 Td (es on openings v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.76 442.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.05 442.50 Td (sus closur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.70 442.50 Td (es. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 424.50 Td (Including acquisitions and dispositions, the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.38 424.50 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.88 424.50 Td (al portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.43 424.50 Td (olio a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.45 424.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.87 424.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.12 424.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.54 424.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.06 424.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.75 424.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.00 424.50 Td (e per occupied squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.79 424.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.87 424.50 Td (oot incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.16 424.50 Td (eased t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 489.58 424.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.12 424.50 Td ($18.06) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.98 424.50 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 412.50 Td (which c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.59 412.50 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.25 412.50 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.65 412.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.18 412.50 Td ($17.96) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.05 412.50 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.97 412.50 Td (t December 31, 2013.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 394.50 Td (Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.01 394.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.11 394.50 Td (t belie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.46 394.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.88 394.50 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.33 394.50 Td (t the w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.84 394.50 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.98 394.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.22 394.50 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.34 394.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.76 394.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.01 394.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.43 394.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.02 394.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.16 394.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.38 394.50 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.01 394.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.71 394.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.95 394.50 Td (e per squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.73 394.50 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.80 394.50 Td (oot f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.80 394.50 Td (or the portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.87 394.50 Td (olio w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.32 394.50 Td (ould be in the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.08 394.50 Td (ang) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.75 394.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 382.50 Td ($23.00 t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.38 382.50 Td (o $25.00) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.78 382.50 Td (, if the portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.19 382.50 Td (olio w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.65 382.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.98 382.50 Td (e a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.91 382.50 Td (t mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.01 382.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.93 382.50 Td (t. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.13 382.50 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.07 382.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.50 382.50 Td (tinues t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.05 382.50 Td (o seek w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.32 382.50 Td (ell-loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.66 382.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 422.35 382.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.60 382.50 Td (ed pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.67 382.50 Td (operties in urban ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 370.50 Td (mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.49 370.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.41 370.50 Td (ts with belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 370.50 Td (w mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.90 370.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.82 370.50 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.78 370.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.92 370.50 Td (t f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.37 370.50 Td (or futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.66 370.50 Td (e v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.26 370.50 Td (alue cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 259.42 370.50 Td (ea) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.09 370.50 Td (tion activities. The w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.74 370.50 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.88 370.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.12 370.50 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.24 370.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.65 370.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.91 370.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.33 370.50 Td (e lease t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.01 370.50 Td (erm f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.56 370.50 Td (or the portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.63 370.50 Td (olio is ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 358.50 Td (5.9) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.66 358.50 Td ( y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.33 358.50 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.41 358.50 Td (s as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.24 358.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.85 358.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.53 358.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.44 358.50 Td (, e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.02 358.50 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.12 358.50 Td (cluding op) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.16 358.50 Td (tions in f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.17 358.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.79 358.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.21 358.50 Td (our of t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.32 358.50 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.50 358.50 Td (ts, and including mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.59 358.50 Td (th-t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.51 358.50 Td (o-mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.27 358.50 Td (th and other short) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.25 358.50 Td (-) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 346.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.24 346.50 Td (erm leases with t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.62 346.50 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.80 346.50 Td (ts in pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.71 346.50 Td (operties with pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.41 346.50 Td (e-de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.63 346.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.05 346.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.97 346.50 Td (t activities under) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.12 346.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.16 346.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.76 346.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.63 346.50 Td (. The w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.84 346.50 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.98 346.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.22 346.50 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.34 346.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.75 346.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.01 346.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.43 346.50 Td (e lease t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.11 346.50 Td (erm f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 525.67 346.50 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 334.50 Td (the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.55 334.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.38 334.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.26 334.50 Td (s t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.68 334.50 Td (op 10 t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.11 334.50 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.29 334.50 Td (ts is ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.28 334.50 Td (7.2) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.94 334.50 Td ( y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.61 334.50 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.69 334.50 Td (s as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.52 334.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.13 334.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.81 334.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.72 334.50 Td (, e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.30 334.50 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.40 334.50 Td (cluding op) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.44 334.50 Td (tions in f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.45 334.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.07 334.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.49 334.50 Td (our of t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.60 334.50 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.78 334.50 Td (ts.) 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0.20784313725490197 rg BT 156.47 694.50 Td (s gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.67 694.50 Td (oss leasable ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.72 694.50 Td (ea and occupancy f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.45 694.50 Td (or the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.56 694.50 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.06 694.50 Td (al portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.61 694.50 Td (olio ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.15 694.50 Td (e se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.22 694.50 Td (t out belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.73 694.50 Td (w:) Tj ET Q 0 0 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0 J 0 j 3 M 483.5 684 m 524.5 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 664 m 524.5 664 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524.5 684 m 549.5 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 524.5 664 m 549.5 664 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 631 m 128.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 128.5 631 m 164.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 164.5 631 m 189.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 664 m 228.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 631 m 228.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 631 m 264.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 631 m 289.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 664 m 328.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 289.5 631 m 328.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 631 m 364.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 631 m 389.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 631 m 423.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 664 m 447.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 631 m 447.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 631 m 483.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 631 m 524.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 524.5 631 m 549.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 631 m 228.5 616 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 631 m 328.5 616 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 631 m 447.5 616 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 631 m 483.5 631 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 616 m 228.5 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 616 m 328.5 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 616 m 447.5 603 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 603 m 228.5 590 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 603 m 328.5 590 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 603 m 447.5 590 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 590 m 228.5 571 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 590 m 328.5 571 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 590 m 447.5 571 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 571 m 228.5 552 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 571 m 328.5 552 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 571 m 447.5 552 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 552 m 228.5 533 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 552 m 328.5 533 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 552 m 447.5 533 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 533 m 228.5 520 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 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0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 463 m 447.5 444 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 444 m 483.5 444 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 524.5 444 m 549.5 444 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 444 m 128.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 429 m 128.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 128.5 444 m 164.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128.5 429 m 164.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 164.5 444 m 189.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 164.5 429 m 189.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 444 m 228.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 444 m 228.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 429 m 228.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 444 m 264.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 429 m 264.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 444 m 289.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 429 m 289.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 444 m 328.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 289.5 444 m 328.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 429 m 328.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 444 m 364.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 429 m 364.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 444 m 389.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 429 m 389.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 444 m 423.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 429 m 423.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 444 m 447.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 444 m 447.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 429 m 447.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 444 m 483.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 429 m 483.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 444 m 524.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 429 m 524.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 524.5 444 m 549.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524.5 429 m 549.5 429 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 416 m 128.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 128.5 416 m 164.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 164.5 416 m 189.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 429 m 228.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 416 m 228.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 416 m 264.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 416 m 289.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 429 m 328.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 289.5 416 m 328.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 416 m 364.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 416 m 389.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 416 m 423.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 429 m 447.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 416 m 447.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 416 m 483.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 416 m 524.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 524.5 416 m 549.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 416 m 228.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 403 m 264.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 416 m 328.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 416 m 447.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 416 m 483.5 416 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 403 m 483.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 403 m 524.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 403 m 128.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 128.5 403 m 164.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 164.5 403 m 189.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 403 m 228.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 403 m 228.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 403 m 289.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 403 m 328.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 289.5 403 m 328.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 403 m 364.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 403 m 389.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 403 m 423.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 403 m 447.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 403 m 447.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 403 m 483.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 403 m 524.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 524.5 403 m 549.5 403 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 390 m 128.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 377 m 128.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 128.5 390 m 164.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 128.5 377 m 164.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 164.5 390 m 189.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 164.5 377 m 189.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 390 m 228.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 390 m 228.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 377 m 228.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 390 m 264.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 377 m 264.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 390 m 289.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 377 m 289.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 390 m 328.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 289.5 390 m 328.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 289.5 377 m 328.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 390 m 364.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 377 m 364.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 390 m 389.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 377 m 389.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 390 m 423.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 377 m 423.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 390 m 447.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 390 m 447.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 377 m 447.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 390 m 483.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 377 m 483.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 390 m 524.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 377 m 524.5 377 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 524.5 390 m 549.5 390 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 524.5 377 m 549.5 377 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 359 m 128.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128.5 359 m 164.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 164.5 359 m 189.5 359 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 377 m 228.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 359 m 228.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 359 m 264.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 359 m 289.5 359 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 377 m 328.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 359 m 328.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 359 m 364.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 359 m 389.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 359 m 423.5 359 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 447.5 377 m 447.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 359 m 447.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 359 m 483.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 359 m 524.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524.5 359 m 549.5 359 l s BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 675.25 Td (Three months ended) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 57.00 668.25 Td (March 31, 2014) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 149.35 668.25 Td (Total Same Property) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 233.95 675.25 Td (Major redevelopment, ground-) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 231.95 668.25 Td (up, acquisitions and dispositions) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 376.00 668.25 Td (Vacancy) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 478.05 668.25 Td (Portfolio Total) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 138.10 647.00 Td (Occupied) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 132.05 641.00 Td (Square Feet) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 132.00 635.00 Td (\(thousands\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 174.35 635.00 Td (%) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 201.50 653.00 Td (Weighted) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 193.00 647.00 Td (Average Rate) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 192.50 641.00 Td (per Occupied) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 195.65 635.00 Td (Square Foot) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 238.10 641.00 Td (Occupied) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 232.05 635.00 Td (Square Feet) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 274.35 635.00 Td (%) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 301.50 653.00 Td (Weighted) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 293.00 647.00 Td (Average Rate) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 292.50 641.00 Td (per Occupied) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 295.65 635.00 Td (Square Foot) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 345.75 657.00 Td (Under) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 333.55 651.00 Td (Redevelop-) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 348.10 645.00 Td (ment) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 332.05 639.00 Td (Square Feet) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 332.00 633.00 Td (\(thousands\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 374.35 635.00 Td (%) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 403.55 647.00 Td (Vacant) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 403.05 641.00 Td (Square) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 409.35 635.00 Td (Feet) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 432.85 635.00 Td (%) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 468.25 641.00 Td (T) Tj ET Q q 0 0 0 rg BT 470.64 641.00 Td (ot) Tj ET Q q 0 0 0 rg BT 475.74 641.00 Td (al ) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 451.05 635.00 Td (Squar) Tj ET Q q 0 0 0 rg BT 465.00 635.00 Td (e F) Tj ET Q q 0 0 0 rg BT 472.01 635.00 Td (ee) Tj ET Q q 0 0 0 rg BT 477.95 635.00 Td (t) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 497.50 653.00 Td (Weighted) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 489.00 647.00 Td (Average Rate) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 488.50 641.00 Td (per Occupied) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 491.65 635.00 Td (Square Foot) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 531.05 641.00 Td (No. of) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 529.90 635.00 Td (Leases) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 57.00 620.25 Td (December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.30 620.50 Td (18,450) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 168.80 620.50 Td (96.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.15 620.50 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.00 620.50 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.85 620.50 Td (17.87) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.95 620.50 Td (4,922) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.80 620.50 Td (92.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.15 620.50 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.00 620.50 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.45 620.50 Td (18.30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.30 620.50 Td (179) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.90 620.50 Td (0.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.15 620.50 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.05 620.50 Td (911) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.90 620.50 Td (3.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.15 620.50 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.90 620.50 Td (24,462) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.00 620.50 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.85 620.50 Td (17.96) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 607.25 Td (Tenant openings) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 152.50 607.50 Td (84) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 204.00 607.50 Td (20.51) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 250.10 607.50 Td (43) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.60 607.50 Td (17.49) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.25 607.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.65 607.50 Td (\(127) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.25 607.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.00 607.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.00 607.50 Td (19.48) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.80 607.50 Td (71) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 594.25 Td (Tenant closures) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 146.05 594.50 Td (\(144) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 160.65 594.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.50 594.50 Td (\(17.39) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 222.25 594.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.70 594.50 Td (\(23) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.25 594.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.15 594.50 Td (\(24.94) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.85 594.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.25 594.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.05 594.50 Td (167) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.00 594.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.55 594.50 Td (\(18.42) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.25 594.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.40 594.50 Td (\(84) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.95 594.50 Td (\)) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 582.25 Td (Closures for) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 575.25 Td (redevelopment) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 153.35 575.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 215.00 575.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.70 575.50 Td (\(29) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.25 575.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.15 575.50 Td (\(22.65) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.85 575.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.35 575.50 Td (29) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.00 575.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.00 575.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.55 575.50 Td (\(22.65) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.25 575.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.40 575.50 Td (\(18) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.95 575.50 Td (\)) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 563.25 Td (Developments ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.00 556.25 Td (coming on line) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 152.50 556.50 Td (14) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 204.00 556.50 Td (21.43) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 254.15 556.50 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.60 556.50 Td (30.00) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.25 556.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.10 556.50 Td (20) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.10 556.50 Td (35) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.00 556.50 Td (22.02) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.80 556.50 Td (13) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 544.25 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.79 544.25 Td (enancies during ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.00 537.25 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.90 537.25 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.93 537.25 Td (truction phase ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.00 535.47 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 153.35 537.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 215.00 537.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 254.15 537.50 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.65 537.50 Td (8.67) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.00 537.50 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.50 537.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.00 537.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.00 537.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.05 537.50 Td (8.67) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.85 537.50 Td (3) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 524.25 Td (Demolitions) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 153.35 524.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 215.00 524.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 251.00 524.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.60 524.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 350.95 524.50 Td (\(30) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.50 524.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.00 524.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.70 524.50 Td (\(30) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.25 524.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.00 524.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.70 524.50 Td () Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 511.25 Td (Reclassification) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 150.10 511.50 Td (\(94) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 160.65 511.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 215.00 511.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 251.75 511.50 Td (\(6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.25 511.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.60 511.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 350.95 511.50 Td (\(12) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.50 511.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.75 511.50 Td (\(6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.25 511.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 462.65 511.50 Td (\(118) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.25 511.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.00 511.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.70 511.50 Td () Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 499.25 Td (Total portfolio before) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.00 492.25 Td (dispositions and) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.00 485.25 Td (acquisitions) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 138.35 486.50 Td (18,310) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 168.95 486.50 Td (96.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 183.25 486.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 192.00 486.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 204.00 486.50 Td (17.92) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.00 486.50 Td (4,911) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.95 486.50 Td (92.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.25 486.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.00 486.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.60 486.50 Td (18.22) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.30 486.50 Td (163) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.00 486.50 Td (0.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.25 486.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.05 486.50 Td (965) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 431.00 486.50 Td (4.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 486.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.95 486.50 Td (24,349) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.00 486.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.00 486.50 Td (17.98) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 474.25 Td (Dispositions \(at date of) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.00 467.25 Td (disposition\)) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 153.35 467.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 175.90 467.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 215.00 467.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.70 467.50 Td (\(27) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.25 467.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 270.95 467.50 Td (100) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.25 467.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.65 467.50 Td (8.50) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.25 467.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.90 467.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.25 467.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.00 467.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.90 467.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 467.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.70 467.50 Td (\(27) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.25 467.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 501.60 467.50 Td (\(8.50) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.25 467.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.85 467.50 Td (1) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 455.25 Td (Acquisitions \(at date of) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.00 448.25 Td (acquisition\)) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 153.35 448.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 175.90 448.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 215.00 448.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.00 448.50 Td (189) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.95 448.50 Td (93.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.25 448.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.60 448.50 Td (25.92) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.25 448.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.90 448.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.25 448.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.10 448.50 Td (14) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.90 448.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 448.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.05 448.50 Td (203) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.00 448.50 Td (25.92) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.70 448.50 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 57.00 433.25 Td (March 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.30 433.50 Td (18,310) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.00 433.50 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.85 433.50 Td (17.92) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.95 433.50 Td (5,073) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.80 433.50 Td (92.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.15 433.50 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.00 433.50 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.50 433.50 Td (18.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.30 433.50 Td (163) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.90 433.50 Td (0.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.15 433.50 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.05 433.50 Td (979) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.90 433.50 Td (4.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.15 433.50 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.90 433.50 Td (24,525) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.00 433.50 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.85 433.50 Td (18.06) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 420.25 Td (Renewals) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 148.40 420.50 Td (250) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 192.00 420.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 204.00 420.50 Td (23.65) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 250.10 420.50 Td (79) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.90 420.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.00 420.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.60 420.50 Td (20.37) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.05 420.50 Td (329) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.00 420.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.00 420.50 Td (22.86) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 407.25 Td (Renewals expired) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 146.05 407.50 Td (\(250) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 160.65 407.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 192.00 407.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.50 407.50 Td (\(21.15) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 222.25 407.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.70 407.50 Td (\(79) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.25 407.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.90 407.50 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.00 407.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.15 407.50 Td (\(17.18) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.85 407.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 462.65 407.50 Td (\(329) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.25 407.50 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.00 407.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.55 407.50 Td (\(20.19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.25 407.50 Td (\)) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 394.25 Td (Net increase per square foot from renewals) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 192.00 394.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 208.00 394.50 Td (2.50) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.00 394.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.65 394.50 Td (3.19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.00 394.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.05 394.50 Td (2.67) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 381.25 Td (% Increase on renewal of expiring rents) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 208.00 381.50 Td (11.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 222.25 381.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.65 381.50 Td (18.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 322.25 381.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.05 381.50 Td (13.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.25 381.50 Td (%) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 369.25 Td (% Increase in rate per square foot openings) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.00 362.25 Td (versus all closures) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 208.00 363.50 Td (17.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 222.25 363.50 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.20 363.50 Td (\(28.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.85 363.50 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.10 363.50 Td (1.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.25 363.50 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 351.44 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.06 348.10 Td ( T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.44 348.10 Td (empor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.18 348.10 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.00 348.10 Td (y t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.02 348.10 Td (enancies during c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.45 348.10 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.47 348.10 Td (truction period with modes) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.28 348.10 Td (t holdo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.45 348.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.54 348.10 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.77 348.10 Td ( inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.47 348.10 Td (ome.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 327.10 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.98 327.10 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.49 327.10 Td (al de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.01 327.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.43 327.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.35 327.10 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.88 327.10 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.03 327.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.45 327.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.38 327.10 Td (t of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.57 327.10 Td (35,000) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.41 327.10 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.23 327.10 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.27 327.10 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.17 327.10 Td (t w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.82 327.10 Td (as c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.92 327.10 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.66 327.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.90 327.10 Td (ed in the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.04 327.10 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.00 327.10 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.63 327.10 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.06 327.10 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 540.97 327.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 315.10 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 315.10 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.81 315.10 Td (ed with ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.60 315.10 Td (144,000) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.51 315.10 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.33 315.10 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.37 315.10 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.27 315.10 Td (t de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.06 315.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.48 315.10 Td (eloped in the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.42 315.10 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.38 315.10 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.01 315.10 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.44 315.10 Td (ch 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.35 315.10 Td (. The occupied de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.70 315.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.12 315.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 532.04 315.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 303.10 Td (and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.91 303.10 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.07 303.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.49 303.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.41 303.10 Td (t space w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.48 303.10 Td (as leased a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.60 303.10 Td (t an a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.14 303.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.56 303.10 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.81 303.10 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.23 303.10 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.82 303.10 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.96 303.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.18 303.10 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.81 303.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.51 303.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.75 303.10 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.57 303.10 Td ($22.02) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.44 303.10 Td ( per squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.24 303.10 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.32 303.10 Td (oot f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.32 303.10 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.18 303.10 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.13 303.10 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.77 303.10 Td (ths ended ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 291.10 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.68 291.10 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.59 291.10 Td ( c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.00 291.10 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.66 291.10 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.40 291.10 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.93 291.10 Td ($23.83) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.80 291.10 Td ( per squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.60 291.10 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.68 291.10 Td (oot during the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.33 291.10 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.92 291.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.61 291.10 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.68 291.10 Td (e period of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.30 291.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.57 291.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 273.10 Td (De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.08 273.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.50 273.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.42 273.10 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.94 273.10 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.10 273.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.52 273.10 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.44 273.10 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.20 273.10 Td (oming on line in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.65 273.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.93 273.10 Td ( included the f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.94 273.10 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.04 273.10 Td (wing:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 262.6 m 183.5 262.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 242.60000000000002 m 183.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 262.6 m 246.5 262.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 183.5 242.60000000000002 m 246.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 262.6 m 298.5 262.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 246.5 242.60000000000002 m 298.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 262.6 m 342.5 262.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 242.60000000000002 m 342.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 262.6 m 385.5 262.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 242.60000000000002 m 385.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 262.6 m 397.5 262.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 385.5 242.60000000000002 m 397.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 262.6 m 558.5 262.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 397.5 242.60000000000002 m 558.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 165.60000000000002 m 183.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 150.60000000000002 m 183.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 183.5 165.60000000000002 m 246.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 150.60000000000002 m 246.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 246.5 165.60000000000002 m 298.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 150.60000000000002 m 298.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 165.60000000000002 m 342.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 150.60000000000002 m 342.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 165.60000000000002 m 385.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 150.60000000000002 m 385.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 385.5 165.60000000000002 m 397.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 150.60000000000002 m 397.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 397.5 165.60000000000002 m 558.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 150.60000000000002 m 558.5 150.60000000000002 l s BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 247.10 Td (Property Name) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 188.10 254.10 Td (Building to LEED) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 198.60 246.10 Td (standards) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.00 247.10 Td (City) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.00 247.10 Td (Province) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 359.40 254.10 Td (Squar) Tj ET Q q 0 0 0 rg BT 378.00 254.10 Td (e ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.80 246.10 Td (F) Tj ET Q q 0 0 0 rg BT 371.36 246.10 Td (ee) Tj ET Q q 0 0 0 rg BT 379.28 246.10 Td (t) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.00 247.10 Td (Major Tenants of Developed Space) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 232.35 Td (Same property with incremental redevelopment and expansion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 218.35 Td (Eagleson Place) Tj ET Q /GS0 gs q 7.07 0 0 8.78 210.95 216.32 cm /I32 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.00 218.35 Td (Ottawa) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.10 218.35 Td (ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 356.90 218.35 Td (10,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.00 218.35 Td (Kids & Company \(Daycare\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 205.35 Td (Hunt Club Marketplace) Tj ET Q /GS0 gs q 7.07 0 0 8.78 210.95 203.32 cm /I33 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.00 205.35 Td (Toronto) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.10 205.35 Td (ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 356.90 205.35 Td (12,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.00 205.35 Td (Spaces with leasing underway) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 183.35 Td (Place Pointe-aux-Trembles) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.00 183.35 Td (Montreal) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.55 183.35 Td (QC) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.50 183.35 Td (8,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.00 192.35 Td (QSR tenant and spaces with leasing) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.00 183.35 Td (underway) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 169.35 Td (Red Deer Village) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.00 169.35 Td (Red Deer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.90 169.35 Td (AB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.50 169.35 Td (5,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.00 169.35 Td (Spaces with leasing underway) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 155.35 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 356.90 155.35 Td (35,000) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (33) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (Individual buildings within a de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.85 694.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.27 694.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.20 694.50 Td (t ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.95 694.50 Td (e g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.81 694.50 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.30 694.50 Td (ally c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.61 694.50 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.94 694.50 Td (truct) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.50 694.50 Td (ed only a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.33 694.50 Td (ft) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 361.62 694.50 Td (er ob) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.83 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.06 694.50 Td (aining c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.06 694.50 Td (ommitmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.08 694.50 Td (ts on a sub) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.81 694.50 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 509.61 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.83 694.50 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 522.78 694.50 Td (tial ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 682.50 Td (portion of the space. De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.90 682.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.31 682.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.24 682.50 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.76 682.50 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.92 682.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.34 682.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.26 682.50 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.01 682.50 Td (oming on line include both leased and unleased space br) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 513.86 682.50 Td (ough) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 534.25 682.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 670.50 Td (on line a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.57 670.50 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.32 670.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.05 670.50 Td (tion of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.22 670.50 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.54 670.50 Td (truction. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 259.89 670.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.72 670.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.60 670.50 Td (s c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.92 670.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.65 670.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.89 670.50 Td (ed de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.57 670.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.98 670.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.91 670.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.10 670.50 Td (ojects illus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.43 670.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.06 670.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.75 670.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.00 670.50 Td (e the pot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.84 670.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.98 670.50 Td (tial futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 522.23 670.50 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 658.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.37 658.50 Td (alue of in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.91 658.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.33 658.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.11 658.50 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.58 658.50 Td (ts in ong) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.08 658.50 Td (oing de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.05 658.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.47 658.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.39 658.50 Td (t initia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.19 658.50 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.25 658.50 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.70 658.50 Td (t ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.45 658.50 Td (e not y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.23 658.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.15 658.50 Td (t g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.39 658.50 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.88 658.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.57 658.50 Td (ting inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.13 658.50 Td (ome, but ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.39 658.50 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.45 658.50 Td (xpect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.48 658.50 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.22 658.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 646.50 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 646.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.58 646.50 Td (tribut) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.46 646.50 Td (e t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.95 646.50 Td (o the gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.36 646.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.59 646.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.76 646.50 Td (th of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.75 646.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.62 646.50 Td (. The balance of the space br) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.04 646.50 Td (ough) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.44 646.50 Td (t on line is e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.21 646.50 Td (xpect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.24 646.50 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.98 646.50 Td (o be leased in the ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 528.19 646.50 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 532.55 646.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 538.17 646.50 Td (12) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 548.30 646.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 634.50 Td (mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.42 634.50 Td (ths. ) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 614.10 Td (Lease Ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.88 614.10 Td (turities) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 596.10 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 596.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.90 596.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.78 596.10 Td (s lease ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.85 596.10 Td (turity pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.95 596.10 Td (ofile f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.94 596.10 Td (or its shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.61 596.10 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.31 596.10 Td (e portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.75 596.10 Td (olio as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.81 596.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.42 596.10 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.10 596.10 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 423.01 596.10 Td ( is as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.54 596.10 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.64 596.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.70 596.10 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 585.6 m 178.5 585.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 550.6 m 178.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 585.6 m 225.5 585.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 550.6 m 225.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 585.6 m 292.5 585.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 550.6 m 292.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 585.6 m 353.5 585.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 292.5 550.6 m 353.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 585.6 m 425.5 585.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 550.6 m 425.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 585.6 m 491.5 585.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 425.5 550.6 m 491.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 585.6 m 551.5 585.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.5 550.6 m 551.5 550.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 550.6 m 178.5 550.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 550.6 m 225.5 550.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 550.6 m 292.5 550.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 292.5 550.6 m 353.5 550.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 550.6 m 425.5 550.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 425.5 550.6 m 491.5 550.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.5 550.6 m 551.5 550.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 394.6 m 178.5 394.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 292.5 394.6 m 353.5 394.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 425.5 394.6 m 491.5 394.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 394.6 m 178.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 381.6 m 178.5 381.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 394.6 m 225.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 381.6 m 225.5 381.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225.5 394.6 m 292.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 381.6 m 292.5 381.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 292.5 394.6 m 353.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 381.6 m 353.5 381.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 394.6 m 425.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 381.6 m 425.5 381.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 425.5 394.6 m 491.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 381.6 m 491.5 381.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.5 394.6 m 551.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 381.6 m 551.5 381.6 l s BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 555.10 Td (Ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.60 555.10 Td (turity Da) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.89 555.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.49 555.10 Td (e ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.28 558.91 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.95 563.10 Td ( Number of) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.70 555.10 Td (Stores) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.10 563.10 Td (Occupied Square) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.85 555.10 Td (Feet \(000s\)) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.45 563.10 Td ( Percent of Total) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.45 555.10 Td (Square Feet) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.05 577.10 Td (Annualized) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.25 569.10 Td (Minimum Rent at) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.25 561.10 Td (Expiration) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.85 553.10 Td (\(000s\)) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.25 569.10 Td (P) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.22 569.10 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.88 569.10 Td (cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.37 569.10 Td (t of T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.51 569.10 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.31 569.10 Td (al ) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.05 561.10 Td (Annualiz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.77 561.10 Td (ed ) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.50 553.10 Td (Minimum R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.21 553.10 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.32 553.10 Td (t) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.15 577.10 Td (Average Annual) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.50 569.10 Td (Minimum Rent) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.10 561.10 Td (per Square Foot) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.00 553.10 Td (at Expiration) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 541.35 Td (Mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.09 541.35 Td (th-t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.51 541.35 Td (o-mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.59 541.35 Td (th t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.29 541.35 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.45 541.35 Td (ts ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.02 545.16 Td (\(2\)) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 540.35 Td (212) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.55 541.35 Td (393) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.15 543.35 Td (1.6) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 543.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.00 541.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.75 541.35 Td (5,995) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.15 543.35 Td (1.4) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 543.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.00 541.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 541.35 Td (15.27) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 529.35 Td (2014 \(remainder of the year\)) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 528.35 Td (449) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.75 529.35 Td (1,455) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.15 531.35 Td (5.9) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 531.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.15 529.35 Td (22,964) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.15 531.35 Td (5.2) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 531.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 529.35 Td (15.78) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 517.35 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 516.35 Td (624) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.75 519.35 Td (2,550) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.55 519.35 Td (10.4) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 519.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.15 519.35 Td (44,091) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.15 519.35 Td (9.9) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 519.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 519.35 Td (17.29) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 505.35 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 504.35 Td (531) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.75 507.35 Td (2,139) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.15 507.35 Td (8.7) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 507.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.15 507.35 Td (35,130) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.15 507.35 Td (7.9) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 507.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 507.35 Td (16.43) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 493.35 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 492.35 Td (582) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.75 495.35 Td (2,974) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.55 495.35 Td (12.1) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 495.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.15 495.35 Td (53,272) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.55 495.35 Td (12.0) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 495.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 495.35 Td (17.92) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 481.35 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 480.35 Td (584) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.75 483.35 Td (2,868) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.55 483.35 Td (11.7) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 483.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.15 483.35 Td (52,752) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.55 483.35 Td (11.8) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 483.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 483.35 Td (18.40) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 469.35 Td (2019) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 468.35 Td (343) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.75 471.35 Td (2,176) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.15 471.35 Td (8.9) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 471.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.15 471.35 Td (45,023) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.55 471.35 Td (10.1) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 471.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 471.35 Td (20.69) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 457.35 Td (2020) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 456.35 Td (178) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.55 459.35 Td (954) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.15 459.35 Td (3.9) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 459.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.15 459.35 Td (19,822) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.15 459.35 Td (4.5) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 459.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 459.35 Td (20.77) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 445.35 Td (2021) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 444.35 Td (200) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.75 447.35 Td (1,281) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.15 447.35 Td (5.2) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 447.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.15 447.35 Td (28,043) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.15 447.35 Td (6.3) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 447.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 447.35 Td (21.89) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 433.35 Td (2022) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 432.35 Td (242) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.75 435.35 Td (1,623) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.15 435.35 Td (6.6) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 435.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.15 435.35 Td (38,393) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.15 435.35 Td (8.6) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 435.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 435.35 Td (23.66) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 421.35 Td (2023) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 420.35 Td (181) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.75 423.35 Td (1,663) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.15 423.35 Td (6.8) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 423.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.15 423.35 Td (32,018) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.15 423.35 Td (7.2) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 423.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 423.35 Td (19.25) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 409.35 Td (2024) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 408.35 Td (101) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.55 411.35 Td (774) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.15 411.35 Td (3.2) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 411.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.15 411.35 Td (15,895) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.15 411.35 Td (3.6) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 411.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 411.35 Td (20.53) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 397.35 Td (Thereafter) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.50 396.35 Td (113) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.75 399.35 Td (2,533) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.55 399.35 Td (10.3) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 399.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.15 399.35 Td (52,052) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.55 399.35 Td (11.5) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 399.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 399.35 Td (20.54) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 385.35 Td (Total/Average) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.75 385.35 Td (4,340) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.15 385.35 Td (23,383) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.55 385.35 Td (95.3) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.55 385.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.00 385.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.60 385.35 Td (445,450) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.00 385.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 385.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.00 385.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.70 385.35 Td (19.05) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 374.04 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.06 370.70 Td ( ) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 370.70 Td (Ex) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.29 370.70 Td (cluding an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.28 370.70 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.93 370.70 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.23 370.70 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.88 370.70 Td (actual r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.10 370.70 Td (ene) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.71 370.70 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.64 370.70 Td (al op) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.52 370.70 Td (tions in f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.02 370.70 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.26 370.70 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.36 370.70 Td (our of the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.52 370.70 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.64 370.70 Td (ts.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 365.64 Td (\(2\)) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.06 362.30 Td ( ) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 362.30 Td (Con) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.04 362.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.30 362.30 Td (ains t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.52 362.30 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.65 362.30 Td (ts on o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.93 362.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.02 362.30 Td (er hold including r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.48 362.30 Td (ene) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.09 362.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.01 362.30 Td (als and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.96 362.30 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.01 362.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.28 362.30 Td (ensions under neg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.42 362.30 Td (otia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.35 362.30 Td (tion, mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.90 362.30 Td (th-t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.34 362.30 Td (o-mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.07 362.30 Td (th t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.95 362.30 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.07 362.30 Td (ts and t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.30 362.30 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.42 362.30 Td (ts in space a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.04 362.30 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.97 362.30 Td (operties with futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.42 362.30 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 509.83 362.30 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.44 362.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 523.53 362.30 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 548.68 362.30 Td (t.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 344.30 Td (Included in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.10 344.30 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.38 344.30 Td ( lease ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.53 344.30 Td (turities of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.29 344.30 Td (1,455,000) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.76 344.30 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.59 344.30 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.63 344.30 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.52 344.30 Td (t is ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.60 344.30 Td (944,000) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.51 344.30 Td ( squar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.33 344.30 Td (e f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.37 344.30 Td (ee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.27 344.30 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.23 344.30 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.20 344.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.44 344.30 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.18 344.30 Td (o the same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.06 344.30 Td (operty portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 523.39 344.30 Td (olio) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 538.35 344.30 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 332.30 Td (which r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.79 332.30 Td (epr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.38 332.30 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.40 332.30 Td (ts ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.92 332.30 Td (64.9%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.80 332.30 Td ( of the lease ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.38 332.30 Td (turities f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.40 332.30 Td (or the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.51 332.30 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.01 332.30 Td (al shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.19 332.30 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.89 332.30 Td (e portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.33 332.30 Td (olio. The e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.44 332.30 Td (xpiring leases on a same ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 320.30 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 320.30 Td (operty basis g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.75 320.30 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.24 320.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.93 320.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.18 320.30 Td (e an annual minimum r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.29 320.30 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.43 320.30 Td (t of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.63 320.30 Td ($16.6 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.38 320.30 Td (, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.49 320.30 Td (epr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.07 320.30 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.10 320.30 Td (ting ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.96 320.30 Td (72.5%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.84 320.30 Td ( of the annual minimum r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.10 320.30 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.24 320.30 Td (t fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.23 320.30 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 308.30 Td (the e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.66 308.30 Td (xpiring leases f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.51 308.30 Td (or the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.72 308.30 Td (emainder of 2014 f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.96 308.30 Td (or the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.08 308.30 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.58 308.30 Td (al shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.75 308.30 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.46 308.30 Td (e portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.90 308.30 Td (olio.) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 48 m 75.5 48 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 48 m 529.5 48 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 48 m 556.5 48 l s BT /F3 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 399.30 37.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 37.00 Td (34) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.00 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.90 693.00 Td (op F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.87 693.00 Td (orty T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.05 693.00 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.78 693.00 Td (ts) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 678.00 Td (As a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.66 678.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.27 678.00 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.95 678.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.85 678.00 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.61 678.00 Td (55.0%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.49 678.00 Td ( of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.88 678.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.71 678.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.59 678.00 Td (s annualiz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.42 678.00 Td (ed minimum r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.59 678.00 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.73 678.00 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.48 678.00 Td (ame fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.88 678.00 Td (om its t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.47 678.00 Td (op 40 t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.89 678.00 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.08 678.00 Td (ts \() Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.63 678.00 Td (December31, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 666.00 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.27 666.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.78 666.00 Td (54.4%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.65 666.00 Td (\). Of those r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.78 666.00 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.92 666.00 Td (ts, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.94 666.00 Td (81.1%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.81 666.00 Td ( in the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.98 666.00 Td (op 40 ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.31 666.00 Td (e fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.92 666.00 Td (om t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.68 666.00 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.87 666.00 Td (ts who ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.20 666.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.62 666.00 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 379.24 666.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.66 666.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.43 666.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.91 666.00 Td (t gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.51 666.00 Td (ade cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.37 666.00 Td (edit r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.79 666.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.48 666.00 Td (tings and who ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 654.00 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 654.00 Td (epr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.94 654.00 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.96 654.00 Td (t man) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.42 654.00 Td (y of Canada) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.89 654.00 Td (s leading supermark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.26 654.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.18 654.00 Td (t oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 273.58 654.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.27 654.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.52 654.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.11 654.00 Td (s, drugs) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.28 654.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.53 654.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.16 654.00 Td (e chains, disc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.49 654.00 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.18 654.00 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.14 654.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.07 654.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.29 654.00 Td (ailer) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.96 654.00 Td (s, bank) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.38 654.00 Td (s and other f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 516.57 654.00 Td (amiliar ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 642.00 Td (shopping des) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.49 642.00 Td (tina) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.09 642.00 Td (tions. ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 631.5 m 74.5 631.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 606.5 m 74.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 74.5 631.5 m 224.5 631.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 74.5 606.5 m 224.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 631.5 m 266.5 631.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 224.5 606.5 m 266.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 631.5 m 317.5 631.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266.5 606.5 m 317.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 631.5 m 366.5 631.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.5 606.5 m 366.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 631.5 m 417.5 631.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 606.5 m 417.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 631.5 m 464.5 631.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 606.5 m 464.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 631.5 m 511.5 631.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 606.5 m 511.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 631.5 m 558.5 631.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.5 606.5 m 558.5 606.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 496.5 m 74.5 496.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 483.5 m 74.5 483.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 74.5 496.5 m 224.5 496.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 74.5 483.5 m 224.5 483.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 224.5 496.5 m 266.5 496.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 224.5 483.5 m 266.5 483.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266.5 496.5 m 317.5 496.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266.5 483.5 m 317.5 483.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.5 496.5 m 366.5 496.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.5 483.5 m 366.5 483.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 496.5 m 417.5 496.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 483.5 m 417.5 483.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 496.5 m 464.5 496.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 483.5 m 464.5 483.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 496.5 m 511.5 496.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 483.5 m 511.5 483.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.5 496.5 m 558.5 496.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.5 483.5 m 558.5 483.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 153.5 m 74.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 138.5 m 74.5 138.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 74.5 153.5 m 224.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 74.5 138.5 m 224.5 138.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 224.5 153.5 m 266.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 138.5 m 266.5 138.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266.5 153.5 m 317.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 138.5 m 317.5 138.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.5 153.5 m 366.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 138.5 m 366.5 138.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 153.5 m 417.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 138.5 m 417.5 138.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 153.5 m 464.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 138.5 m 464.5 138.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 153.5 m 511.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 138.5 m 511.5 138.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.5 153.5 m 558.5 153.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 138.5 m 558.5 138.5 l s BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 81.00 610.75 Td (Tenant) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 239.60 617.75 Td (Number) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 236.25 610.75 Td ( of St) Tj ET Q q 0 0 0 rg BT 250.74 610.75 Td (or) Tj ET Q q 0 0 0 rg BT 256.77 610.75 Td (es) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 280.25 617.75 Td (Squar) Tj ET Q q 0 0 0 rg BT 296.52 617.75 Td (e F) Tj ET Q q 0 0 0 rg BT 304.70 617.75 Td (ee) Tj ET Q q 0 0 0 rg BT 311.63 617.75 Td (t) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 280.15 610.75 Td (\(thousands\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 326.90 623.75 Td (Percent of) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 325.90 616.75 Td (Total Gross) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 321.75 609.75 Td (Leasable Area) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 369.30 623.75 Td (Percent of Total) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 375.75 616.75 Td (Annualized) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 370.25 609.75 Td (Minimum Rent) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 423.55 617.75 Td (DBRS Credit) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 431.45 610.75 Td (Rating) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 472.30 617.75 Td (S&P Credit) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 478.45 610.75 Td (Rating) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 522.25 617.75 Td (Moodys) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 516.10 610.75 Td (Credit Rating) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.70 597.25 Td (1) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 597.25 Td (Lobla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.57 597.25 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.93 597.25 Td (s ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.48 601.06 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 597.25 Td (99) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.65 597.25 Td (2,488) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.30 597.25 Td (10.1%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.30 597.25 Td (10.3%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.15 597.25 Td (BBB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.15 597.25 Td (BBB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.70 586.25 Td (2) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 586.25 Td (Sobe) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.03 586.25 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.02 586.25 Td (s ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.58 590.06 Td (\(2\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 586.25 Td (59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.65 586.25 Td (2,049) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 586.25 Td (8.4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 586.25 Td (7.1%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.80 586.25 Td (BBB \(low\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.75 586.25 Td (BBB-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.70 575.25 Td (3) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 575.25 Td (Metro) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 575.25 Td (33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.65 575.25 Td (1,200) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 575.25 Td (4.9%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 575.25 Td (3.6%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.15 575.25 Td (BBB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.15 575.25 Td (BBB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.70 564.25 Td (4) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 564.25 Td (Walmart) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 564.25 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.65 564.25 Td (1,481) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 564.25 Td (6.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 564.25 Td (3.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.25 564.25 Td (AA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.25 564.25 Td (AA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 564.25 Td (Aa2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.70 553.25 Td (5) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 553.25 Td (Canadian Tire) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 553.25 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 553.25 Td (830) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 553.25 Td (3.4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 553.25 Td (2.8%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.50 553.25 Td (BBB \(high\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.90 553.25 Td (BBB+) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.70 542.25 Td (6) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 542.25 Td (TD Canada Trust) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 542.25 Td (46) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 542.25 Td (249) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 542.25 Td (1.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 542.25 Td (2.1%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.25 542.25 Td (AA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.90 542.25 Td (AA-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 542.25 Td (Aa1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.70 531.25 Td (7) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 531.25 Td (RBC Royal Bank) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 531.25 Td (46) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 531.25 Td (258) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 531.25 Td (1.1%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 531.25 Td (2.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.25 531.25 Td (AA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.90 531.25 Td (AA-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 531.25 Td (Aa3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.70 520.25 Td (8) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 520.25 Td (CIBC) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 520.25 Td (36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 520.25 Td (202) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 520.25 Td (0.9%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 520.25 Td (1.6%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.25 520.25 Td (AA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.65 520.25 Td (A+) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 520.25 Td (Aa3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.70 509.25 Td (9) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 509.25 Td (Dollarama) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 509.25 Td (41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 509.25 Td (425) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 509.25 Td (1.7%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 509.25 Td (1.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.15 509.25 Td (BBB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 498.25 Td (10) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 498.25 Td (Rona) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 498.25 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 498.25 Td (421) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 498.25 Td (1.7%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 498.25 Td (1.4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.95 498.25 Td (BB \(high\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.35 498.25 Td (BB+) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 487.25 Td (Sub-total) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 249.45 487.25 Td (404) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.65 487.25 Td (9,603) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.30 487.25 Td (39.2%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.30 487.25 Td (35.4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 474.25 Td (11) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 474.25 Td (GoodLife Fitness) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 474.25 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 474.25 Td (397) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 474.25 Td (1.6%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 474.25 Td (1.3%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 463.25 Td (12) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 463.25 Td (LCBO) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 463.25 Td (21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 463.25 Td (210) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 463.25 Td (0.9%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 463.25 Td (1.3%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.90 463.25 Td (AA \(low\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.90 463.25 Td (AA-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 463.25 Td (Aa2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 452.25 Td (13) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 452.25 Td (Rexall) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 452.25 Td (21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 452.25 Td (180) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 452.25 Td (0.8%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 452.25 Td (1.2%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 441.25 Td (14) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 441.25 Td (Bank of Montreal) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 441.25 Td (29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 441.25 Td (130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 441.25 Td (0.6%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 441.25 Td (1.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.25 441.25 Td (AA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.65 441.25 Td (A+) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 441.25 Td (Aa3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 430.25 Td (15) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 430.25 Td (London Drugs) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 430.25 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 430.25 Td (231) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 430.25 Td (0.9%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 430.25 Td (1.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 419.25 Td (16) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 419.25 Td (Scotiabank) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 419.25 Td (23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 419.25 Td (127) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 419.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 419.25 Td (0.9%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.25 419.25 Td (AA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.65 419.25 Td (A+) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 419.25 Td (Aa2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 408.25 Td (17) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 408.25 Td (Staples) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 408.25 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 408.25 Td (254) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 408.25 Td (1.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 408.25 Td (0.9%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.15 408.25 Td (BBB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 408.25 Td (Baa2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 397.25 Td (18) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 397.25 Td (Tim Hortons) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 397.25 Td (46) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 397.25 Td (124) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 397.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 397.25 Td (0.7%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.15 397.25 Td (BBB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 386.25 Td (19) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 386.25 Td (Save-On-Foods) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 386.25 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 386.25 Td (267) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 386.25 Td (1.1%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 386.25 Td (0.7%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 375.25 Td (20) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 375.25 Td (Alberta Health Services) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 375.25 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 375.25 Td (157) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 375.25 Td (0.6%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 375.25 Td (0.7%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.65 375.25 Td (AAA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.65 375.25 Td (AAA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.55 375.25 Td (Aaa) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 364.25 Td (21) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 364.25 Td (Longos) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 364.25 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 364.25 Td (126) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 364.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 364.25 Td (0.7%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 353.25 Td (22) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 353.25 Td (Starbucks) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 353.25 Td (43) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 353.25 Td (70) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 353.25 Td (0.3%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 353.25 Td (0.7%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.55 353.25 Td (A-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 353.25 Td (Baa1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 342.25 Td (23) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 342.25 Td (Jean Coutu) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 342.25 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 342.25 Td (155) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 342.25 Td (0.6%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 342.25 Td (0.6%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 331.25 Td (24) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 331.25 Td (Subway) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 331.25 Td (71) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 331.25 Td (85) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 331.25 Td (0.3%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 331.25 Td (0.6%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 320.25 Td (25) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 320.25 Td (Hudsons Bay Company) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 320.25 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 320.25 Td (253) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 320.25 Td (1.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 320.25 Td (0.6%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.80 320.25 Td (B+) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.75 320.25 Td (B1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 309.25 Td (26) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 309.25 Td (Toys R Us) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 309.25 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 309.25 Td (156) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 309.25 Td (0.6%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 309.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.65 309.25 Td (B-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.75 309.25 Td (B3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 298.25 Td (27) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 298.25 Td (Whole Foods Market) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 298.25 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 298.25 Td (90) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 298.25 Td (0.4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 298.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.75 298.25 Td (BBB-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 287.25 Td (28) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 287.25 Td (Michaels) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 287.25 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 287.25 Td (87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 287.25 Td (0.4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 287.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.05 287.25 Td (B) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.75 287.25 Td (B3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 276.25 Td (29) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 276.25 Td (Cara) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 276.25 Td (20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 276.25 Td (83) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 276.25 Td (0.3%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 276.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.20 276.25 Td (BB-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 265.25 Td (30) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 265.25 Td (Best Buy) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 265.25 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 265.25 Td (140) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 265.25 Td (0.6%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 265.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.60 265.25 Td (BB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 265.25 Td (Baa2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 254.25 Td (31) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 254.25 Td (Target) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 254.25 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 254.25 Td (246) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 254.25 Td (1.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 254.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.85 254.25 Td (A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.60 254.25 Td (A2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 243.25 Td (32) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 243.25 Td (SAQ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 243.25 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 243.25 Td (95) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 243.25 Td (0.4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 243.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.25 243.25 Td (A \(high\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.65 243.25 Td (A+) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 243.25 Td (Aa2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 232.25 Td (33) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 232.25 Td (McDonalds) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 232.25 Td (21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 232.25 Td (84) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 232.25 Td (0.3%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 232.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.85 232.25 Td (A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.60 232.25 Td (A2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 221.25 Td (34) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 221.25 Td (Yum! Brands) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 221.25 Td (29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 221.25 Td (58) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 221.25 Td (0.2%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 221.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.15 221.25 Td (BBB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 221.25 Td (Baa3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 210.25 Td (35) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 210.25 Td (Reitmans) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 210.25 Td (26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 210.25 Td (132) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 210.25 Td (0.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 210.25 Td (0.4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 199.25 Td (36) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 199.25 Td (The Beer Store) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 199.25 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 199.25 Td (66) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 199.25 Td (0.3%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 199.25 Td (0.4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.90 199.25 Td (AA \(low\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.90 199.25 Td (AA-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 199.25 Td (Aa2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 188.25 Td (37) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 188.25 Td (Winners) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 188.25 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 188.25 Td (164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 188.25 Td (0.7%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 188.25 Td (0.4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.65 188.25 Td (A+) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.60 188.25 Td (A3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 177.25 Td (38) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 177.25 Td (The Home Depot) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 258.50 177.25 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 177.25 Td (236) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 177.25 Td (1.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 177.25 Td (0.4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.85 177.25 Td (A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.85 177.25 Td (A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.60 177.25 Td (A2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 166.25 Td (39) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 166.25 Td (Pet Valu) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 166.25 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 166.25 Td (51) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 166.25 Td (0.2%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 166.25 Td (0.3%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.40 155.25 Td (40) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.00 155.25 Td (Rogers) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.00 155.25 Td (21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 155.25 Td (42) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.55 155.25 Td (0.2%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.55 155.25 Td (0.3%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.15 155.25 Td (BBB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.90 155.25 Td (BBB+) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 155.25 Td (Baa1) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 143.25 Td (Total: Top 40 Tenants) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 249.45 143.25 Td (915) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.00 143.25 Td (14,099) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 330.15 143.25 Td (57.5%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.15 143.25 Td (55.0%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 130.94 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.06 127.60 Td ( ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 127.60 Td (As a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.66 127.60 Td (t ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.59 127.60 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.26 127.60 Td (ch31, 2014) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.10 127.60 Td (, Lobla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.65 127.60 Td (w Companies Limit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.39 127.60 Td (ed \(Lobla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.41 127.60 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.35 127.60 Td (s\) c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.62 127.60 Td (omprises ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.17 127.60 Td (10.3%) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.59 127.60 Td ( of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.26 127.60 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.64 127.60 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.96 127.60 Td (s annualiz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.84 127.60 Td (ed minimum r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.86 127.60 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.95 127.60 Td (t \() Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.00 127.60 Td (December31, 2013) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.63 127.60 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.28 127.60 Td (4.2%) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 492.15 127.60 Td (\) as a r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.81 127.60 Td (esult of the ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 119.20 Td (mer) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.42 119.20 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.66 119.20 Td (er of Lobla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.80 119.20 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.74 119.20 Td (s and Shopper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.09 119.20 Td (s Drug Mart c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.32 119.20 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.34 119.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.61 119.20 Td (ed in Q1 2014. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.35 119.20 Td (y earned base r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.98 119.20 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.07 119.20 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.35 119.20 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.80 119.20 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.89 119.20 Td (enue of ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.20 119.20 Td ($10.4 million) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.13 119.20 Td ( f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.70 119.20 Td (or the ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.51 119.20 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.88 119.20 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.32 119.20 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.92 119.20 Td (ch 31, 2014) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 540.76 119.20 Td ( fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 546.80 119.20 Td (om ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 110.85 Td (Lobla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.22 110.85 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.17 110.85 Td (s.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 102.79 Td (\(2\)) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.06 99.45 Td ( ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 99.45 Td (Sobe) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.02 99.45 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.13 99.45 Td (s includes space occupied b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.21 99.45 Td (y Sa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.49 99.45 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.45 99.45 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.90 99.45 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.83 99.45 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.05 99.45 Td (y Canada, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.62 99.45 Td (esulting fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.10 99.45 Td (om the mer) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.47 99.45 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.71 99.45 Td (er of the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.62 99.45 Td (ompanies during 2013.) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (35) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 693.00 Td (Loans, Mortg) Tj ET Q q 0 0 0 rg BT 119.33 693.00 Td (ag) Tj ET Q q 0 0 0 rg BT 130.82 693.00 Td (es and Other R) Tj ET Q q 0 0 0 rg BT 204.19 693.00 Td (eal Es) Tj ET Q q 0 0 0 rg BT 232.32 693.00 Td (t) Tj ET Q q 0 0 0 rg BT 236.36 693.00 Td (a) Tj ET Q q 0 0 0 rg BT 242.17 693.00 Td (t) Tj ET Q q 0 0 0 rg BT 246.19 693.00 Td (e Asse) Tj ET Q q 0 0 0 rg BT 277.75 693.00 Td (ts) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 682.5 m 385.5 682.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 667.5 m 385.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 682.5 m 468.5 682.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 385.5 667.5 m 468.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 682.5 m 551.5 682.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468.5 667.5 m 551.5 667.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 385.5 641.5 m 468.5 641.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468.5 641.5 m 551.5 641.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 641.5 m 385.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 628.5 m 385.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 628.5 m 468.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 628.5 m 551.5 628.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 550.5 m 385.5 550.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 385.5 550.5 m 468.5 550.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468.5 550.5 m 551.5 550.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 550.5 m 385.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 535.5 m 385.5 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 535.5 m 468.5 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 535.5 m 551.5 535.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 535.5 m 385.5 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 520.5 m 385.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 520.5 m 468.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 520.5 m 551.5 520.5 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 672.00 Td (\(thousands of dollars\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 413.65 672.00 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 484.40 672.00 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 658.25 Td (Loans and mortgages receivable \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.00 658.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.00 658.25 Td (65,881) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.00 658.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.15 658.25 Td (68,150) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 645.25 Td (Available-for-sale \(AFS\) investments in equity securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.55 645.25 Td (3,843) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.75 645.25 Td (3,631) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 632.25 Td (Total non-current loans, mortgages and other real estate assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.00 632.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.00 632.25 Td (69,724) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.00 632.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.15 632.25 Td (71,781) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 606.25 Td (Fair value through profit or loss \(FVTPL\) investments in equity securities \(b\)) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 388.00 606.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.00 606.25 Td (31,180) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.00 606.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.15 606.25 Td (27,764) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 593.25 Td (AFS investments in equity securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.45 593.25 Td (347) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.55 593.25 Td (455) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 580.25 Td (Loans and mortgages receivable \(c\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.00 580.25 Td (35,417) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.15 580.25 Td (24,457) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 567.25 Td (Loans receivable from sales of residential inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.00 567.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.15 567.25 Td (22,522) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 554.25 Td (Other receivable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.55 554.25 Td (2,251) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.75 554.25 Td (2,251) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 540.25 Td (Total current loans, mortgages and other real estate assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.00 540.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.00 540.25 Td (69,195) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.00 540.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.15 540.25 Td (77,449) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 525.25 Td (Total mortgages and other real estate assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.00 525.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.45 525.25 Td (138,919) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.00 525.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.60 525.25 Td (149,230) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 506.00 Td (\(a\) ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.50 506.00 Td (Loans and mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.37 506.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.79 506.00 Td (es r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.29 506.00 Td (eceiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.13 506.00 Td (able ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.85 506.00 Td (e secur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.81 506.00 Td (ed b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.51 506.00 Td (y in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.75 506.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.99 506.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.32 506.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.10 506.00 Td (ts in in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.81 506.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.23 506.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.00 506.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.48 506.00 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.67 506.00 Td (operties or shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.78 506.00 Td (es of en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.65 506.00 Td (tities o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.32 506.00 Td (wning ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.50 494.00 Td (in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.88 494.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.30 494.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.08 494.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.55 494.00 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.74 494.00 Td (operties and bear in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.30 494.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.54 494.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.88 494.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.65 494.00 Td (t a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.96 494.00 Td (t a w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.68 494.00 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.82 494.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.06 494.00 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.17 494.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.59 494.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.85 494.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.26 494.00 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.65 494.00 Td (oupon and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.66 494.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.62 494.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.42 494.00 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.69 494.00 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.38 494.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.62 494.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.95 494.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.72 494.00 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.62 494.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.31 494.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.56 494.00 Td (e as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.45 494.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.06 494.00 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.74 494.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 546.65 494.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.50 482.00 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.09 482.00 Td (6.3%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.90 482.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.71 482.00 Td (6.4%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.52 482.00 Td ( per annum, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.41 482.00 Td (espectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.82 482.00 Td (ely \() Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.91 482.00 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.37 482.00 Td ( w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.94 482.00 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.07 482.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.32 482.00 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.43 482.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.85 482.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.11 482.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.52 482.00 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.90 482.00 Td (oupon and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.92 482.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.87 482.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.67 482.00 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.94 482.00 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.63 482.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.88 482.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.21 482.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.98 482.00 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.87 482.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 534.57 482.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 537.81 482.00 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.50 470.00 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.09 470.00 Td (6.3%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.90 470.00 Td ( per annum\). The loans and mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.08 470.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.49 470.00 Td (es r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.99 470.00 Td (eceiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.84 470.00 Td (able ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.10 470.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.06 470.00 Td (e be) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.47 470.00 Td (tw) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.88 470.00 Td (een 2014 and 2025.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 452.00 Td (\(b\) ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.50 452.00 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.57 452.00 Td (y in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.74 452.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.16 452.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.93 452.00 Td (ts fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.83 452.00 Td (om time t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.47 452.00 Td (o time in publicly tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.98 452.00 Td (aded r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.87 452.00 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.96 452.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.19 452.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.89 452.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.13 452.00 Td (e and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.28 452.00 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.25 452.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.49 452.00 Td (ed securities. These securities ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.79 452.00 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.50 440.00 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.85 440.00 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.98 440.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.60 440.00 Td (ded a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.04 440.00 Td (t mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.14 440.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.06 440.00 Td (t v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.04 440.00 Td (alue. Unr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.17 440.00 Td (ealiz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.25 440.00 Td (ed g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.26 440.00 Td (ains and losses on FVTPL securities ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.51 440.00 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.10 440.00 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.22 440.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.85 440.00 Td (ded in other g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.52 440.00 Td (ains \(losses\) and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.50 428.00 Td (\(e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.36 428.00 Td (xpenses\). ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 410.00 Td (\(c\) ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.50 410.00 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.57 410.00 Td (y has loans and mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.53 410.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.95 410.00 Td (es r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.45 410.00 Td (eceiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.29 410.00 Td (able secur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.59 410.00 Td (ed b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.29 410.00 Td (y in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.53 410.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.77 410.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.10 410.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.88 410.00 Td (ts in in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.59 410.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.01 410.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.79 410.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.26 410.00 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.45 410.00 Td (operties or shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.56 410.00 Td (es of en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.43 410.00 Td (tities ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.50 398.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.73 398.00 Td (wning in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.04 398.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.46 398.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.23 398.00 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.70 398.00 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.89 398.00 Td (operties and bear in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.46 398.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.70 398.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.03 398.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.80 398.00 Td (t a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.11 398.00 Td (t a w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.83 398.00 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.97 398.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.21 398.00 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.33 398.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.75 398.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.00 398.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.42 398.00 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.93 398.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.63 398.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.87 398.00 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.70 398.00 Td (9.2%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.51 398.00 Td ( per annum \() Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.58 398.00 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 535.04 398.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.50 386.00 Td (9.5%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.31 386.00 Td ( per annum\). The loans and mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.23 386.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.64 386.00 Td (es r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.15 386.00 Td (eceiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.99 386.00 Td (able ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.25 386.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.21 386.00 Td (e be) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.62 386.00 Td (tw) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.03 386.00 Td (een 2014 and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.59 386.00 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.86 386.00 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 362.60 Td (Scheduled principal r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.11 362.60 Td (eceip) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.80 362.60 Td (ts of loans and mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.87 362.60 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.28 362.60 Td (es r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.78 362.60 Td (eceiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.63 362.60 Td (able as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.86 362.60 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.47 362.60 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.15 362.60 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.06 362.60 Td ( ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.47 362.60 Td (e as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.51 362.60 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.60 362.60 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.66 362.60 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 352.1 m 369.5 352.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 322.1 m 369.5 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 352.1 m 429.5 352.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 322.1 m 429.5 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 352.1 m 489.5 352.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 322.1 m 489.5 322.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 352.1 m 549.5 352.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 322.1 m 549.5 322.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 322.1 m 429.5 322.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 322.1 m 549.5 322.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 257.1 m 429.5 257.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 257.1 m 369.5 257.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 244.10000000000002 m 369.5 244.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 257.1 m 429.5 257.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 244.10000000000002 m 429.5 244.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 257.1 m 489.5 257.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 244.10000000000002 m 489.5 244.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 257.1 m 549.5 257.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 244.10000000000002 m 549.5 244.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 244.10000000000002 m 429.5 244.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 222.10000000000002 m 429.5 222.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 244.10000000000002 m 489.5 244.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 222.10000000000002 m 489.5 222.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 244.10000000000002 m 549.5 244.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 222.10000000000002 m 549.5 222.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 222.10000000000002 m 369.5 222.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 207.10000000000002 m 369.5 207.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 222.10000000000002 m 429.5 222.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 207.10000000000002 m 429.5 207.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 222.10000000000002 m 489.5 222.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 207.10000000000002 m 489.5 207.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 222.10000000000002 m 549.5 222.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 207.10000000000002 m 549.5 207.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 207.10000000000002 m 369.5 207.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 207.10000000000002 m 429.5 207.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 207.10000000000002 m 489.5 207.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 207.10000000000002 m 549.5 207.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 177.10000000000002 m 369.5 177.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 369.5 177.10000000000002 m 429.5 177.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 177.10000000000002 m 489.5 177.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 177.10000000000002 m 549.5 177.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 162.10000000000002 m 369.5 162.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 162.10000000000002 m 429.5 162.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 177.10000000000002 m 489.5 177.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 162.10000000000002 m 489.5 162.10000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 177.10000000000002 m 549.5 177.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 162.10000000000002 m 549.5 162.10000000000002 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 326.60 Td (\(thousands of dollars, except other data\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.15 334.60 Td (P) Tj ET Q q 0 0 0 rg BT 388.11 334.60 Td (a) Tj ET Q q 0 0 0 rg BT 391.79 334.60 Td (ymen) Tj ET Q q 0 0 0 rg BT 409.92 334.60 Td (ts on) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.55 326.60 Td (Ma) Tj ET Q q 0 0 0 rg BT 408.15 326.60 Td (turity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.30 326.60 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.65 342.60 Td (Weighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.95 334.60 Td (Average Interest) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.30 326.60 Td (Rate) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 311.85 Td (2014 \(remainder of the year\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 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0.20784313725490197 rg BT 251.53 551.40 Td ($0.25) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.33 551.40 Td ( per shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.88 551.40 Td (e \(dilut) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.49 551.40 Td (ed\) f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.85 551.40 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.71 551.40 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.67 551.40 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.30 551.40 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.73 551.40 Td (ch 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 532.64 551.40 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 533.40 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.36 533.40 Td (decr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.18 533.40 Td (ease) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.83 533.40 Td ( in ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.07 533.40 Td (t inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.38 533.40 Td (ome as c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.98 533.40 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.64 533.40 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.39 533.40 Td (o the fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.42 533.40 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.22 533.40 Td (t quart) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.86 533.40 Td (er of 2013 is primarily due t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.84 533.40 Td (o a ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.43 533.40 Td ($21.9 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.18 533.40 Td ( dif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.94 533.40 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.75 533.40 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 492.08 533.40 Td (ence in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 521.40 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.86 521.40 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.06 521.40 Td (alue g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.16 521.40 Td (ain on in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.93 521.40 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.34 521.40 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.12 521.40 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.59 521.40 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.78 521.40 Td (operties and the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.32 521.40 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.29 521.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.53 521.40 Td (ed r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.37 521.40 Td (eduction in de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.47 521.40 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.27 521.40 Td (err) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.09 521.40 Td (ed inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.27 521.40 Td (ome t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.00 521.40 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.69 521.40 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.76 521.40 Td (es, of) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.63 521.40 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.55 521.40 Td (se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.38 521.40 Td (t b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.20 521.40 Td (y an incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.42 521.40 Td (ease in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 509.40 Td (NOI r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.21 509.40 Td (esulting fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.89 509.40 Td (om ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.59 509.40 Td (t acquisitions, de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.25 509.40 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.66 509.40 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.59 509.40 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.11 509.40 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.27 509.40 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.69 509.40 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.61 509.40 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.80 509.40 Td (ojects c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.33 509.40 Td (oming on line and same pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.04 509.40 Td (operty NOI ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 497.40 Td (gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.03 497.40 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.27 497.40 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.43 497.40 Td (th. ) Tj ET Q BT /F2 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 475.20 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 60.03 475.20 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.12 475.20 Td (oncilia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.97 475.20 Td (tion of Consolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.25 475.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.92 475.20 Td (ed St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.76 475.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.08 475.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.76 475.20 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.59 475.20 Td (ts of Inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.54 475.20 Td (ome, as pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.26 475.20 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.52 475.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.20 475.20 Td (ed, t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.67 475.20 Td (o the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.53 475.20 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.09 475.20 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.31 475.20 Td (s Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.82 475.20 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.12 475.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.80 475.20 Td (e In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.55 475.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 525.23 475.20 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 534.56 475.20 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 544.36 475.20 Td (t) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 460.20 Td (The f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.21 460.20 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.30 460.20 Td (wing t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.20 460.20 Td (able pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.35 460.20 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.58 460.20 Td (vides the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.99 460.20 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.11 460.20 Td (oncilia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.45 460.20 Td (tion of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.01 460.20 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.84 460.20 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.72 460.20 Td (s c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.04 460.20 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.29 460.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.54 460.20 Td (ed s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.83 460.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.05 460.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.75 460.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.99 460.20 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.09 460.20 Td (ts of inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.89 460.20 Td (ome, as pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.46 460.20 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.48 460.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.72 460.20 Td (ed in the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 448.20 Td (in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.46 448.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.70 448.20 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.85 448.20 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.10 448.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.34 448.20 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.15 448.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.38 448.20 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.07 448.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.31 448.20 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.42 448.20 Td (ts, t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.68 448.20 Td (o pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.80 448.20 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.95 448.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.20 448.20 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.89 448.20 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.13 448.20 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.46 448.20 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.23 448.20 Td (t. ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 437.70000000000005 m 232.5 437.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 426.70000000000005 m 232.5 426.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 437.70000000000005 m 286.5 437.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 232.5 426.70000000000005 m 286.5 426.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 437.70000000000005 m 345.5 437.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 286.5 426.70000000000005 m 345.5 426.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 437.70000000000005 m 395.5 437.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 426.70000000000005 m 395.5 426.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 437.70000000000005 m 448.5 437.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 426.70000000000005 m 448.5 426.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 437.70000000000005 m 505.5 437.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 426.70000000000005 m 505.5 426.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 437.70000000000005 m 557.5 437.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505.5 426.70000000000005 m 557.5 426.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 410.70000000000005 m 232.5 410.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 232.5 410.70000000000005 m 286.5 410.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 286.5 410.70000000000005 m 345.5 410.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 410.70000000000005 m 395.5 410.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 410.70000000000005 m 448.5 410.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 410.70000000000005 m 505.5 410.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505.5 410.70000000000005 m 557.5 410.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 377.70000000000005 m 232.5 377.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 232.5 377.70000000000005 m 286.5 377.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 286.5 377.70000000000005 m 345.5 377.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 377.70000000000005 m 395.5 377.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 377.70000000000005 m 448.5 377.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 377.70000000000005 m 505.5 377.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505.5 377.70000000000005 m 557.5 377.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505.5 377.70000000000005 m 557.5 377.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 325.70000000000005 m 232.5 325.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 232.5 325.70000000000005 m 286.5 325.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 286.5 325.70000000000005 m 345.5 325.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 325.70000000000005 m 395.5 325.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 325.70000000000005 m 448.5 325.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 325.70000000000005 m 505.5 325.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505.5 325.70000000000005 m 557.5 325.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 188.70000000000005 m 232.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 232.5 188.70000000000005 m 286.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 286.5 188.70000000000005 m 345.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 188.70000000000005 m 395.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 188.70000000000005 m 448.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 188.70000000000005 m 505.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505.5 188.70000000000005 m 557.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 286.5 188.70000000000005 m 345.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 188.70000000000005 m 395.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 188.70000000000005 m 448.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 188.70000000000005 m 505.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505.5 188.70000000000005 m 557.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 147.70000000000005 m 232.5 147.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 232.5 147.70000000000005 m 286.5 147.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 286.5 147.70000000000005 m 345.5 147.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 345.5 147.70000000000005 m 395.5 147.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 147.70000000000005 m 448.5 147.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 147.70000000000005 m 505.5 147.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505.5 147.70000000000005 m 557.5 147.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 132.70000000000005 m 232.5 132.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 132.70000000000005 m 286.5 132.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 286.5 147.70000000000005 m 345.5 147.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 132.70000000000005 m 345.5 132.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 132.70000000000005 m 395.5 132.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 132.70000000000005 m 448.5 132.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 132.70000000000005 m 505.5 132.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 132.70000000000005 m 557.5 132.70000000000005 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 453.65 429.20 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 415.20 Td (\(thousands of dollars\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 375.75 415.20 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.75 415.20 Td (2013) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 245.00 402.95 Td (Consolidated) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 242.35 395.95 Td (Statements of) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 239.45 388.95 Td (Income \(Equity) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 257.90 381.95 Td (method\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 298.00 402.95 Td (Adjustment for) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 291.30 395.95 Td (equity method to) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 301.10 388.95 Td (proportionate) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 319.60 381.95 Td (interest) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 351.15 388.95 Td (Proportionate) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 369.60 381.95 Td (interest) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 407.85 402.95 Td (Consolida) Tj ET Q q 0 0 0 rg BT 435.56 402.95 Td (t) Tj ET Q q 0 0 0 rg BT 437.83 402.95 Td (ed ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 405.30 395.95 Td (St) Tj ET Q q 0 0 0 rg BT 410.78 395.95 Td (a) Tj ET Q q 0 0 0 rg BT 414.06 395.95 Td (t) Tj ET Q q 0 0 0 rg BT 416.33 395.95 Td (emen) Tj ET Q q 0 0 0 rg BT 432.50 395.95 Td (ts of ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 423.85 388.95 Td (Inc) Tj ET Q q 0 0 0 rg BT 432.19 388.95 Td (ome) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 398.95 381.95 Td (\(E) Tj ET Q q 0 0 0 rg BT 404.39 381.95 Td (quity me) Tj ET Q q 0 0 0 rg BT 429.48 381.95 Td (thod\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 459.15 402.95 Td (Adjustment for) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 452.45 395.95 Td (equity method to) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 462.10 388.95 Td (proportionate) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 480.15 381.95 Td (interest) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 514.15 388.95 Td (Proportionate) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 532.15 381.95 Td (interest) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 404.25 369.20 Td (\(R) Tj ET Q q 0 0 0 rg BT 410.88 369.20 Td (es) Tj ET Q q 0 0 0 rg BT 417.72 369.20 Td (t) Tj ET Q q 0 0 0 rg BT 420.29 369.20 Td (at) Tj ET Q q 0 0 0 rg BT 427.00 369.20 Td (ed\) ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 439.17 373.01 Td (\(1\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.25 369.20 Td (\(R) Tj ET Q q 0 0 0 rg BT 519.88 369.20 Td (es) Tj ET Q q 0 0 0 rg BT 526.72 369.20 Td (t) Tj ET Q q 0 0 0 rg BT 529.29 369.20 Td (at) Tj ET Q q 0 0 0 rg BT 536.00 369.20 Td (ed\) ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 548.17 373.01 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 355.45 Td (Net operating income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 342.45 Td (Property rental revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.00 342.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 253.45 342.45 Td (162,867) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.00 342.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.35 342.45 Td (1,174) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.00 342.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.25 342.45 Td (164,041) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.00 342.45 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.00 342.45 Td (157,797) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.00 342.45 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.45 342.45 Td (1,096) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 508.00 342.45 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.00 342.45 Td (158,893) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 329.45 Td (Property operating costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.00 329.45 Td (64,283) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 329.45 Td (385) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.80 329.45 Td (64,668) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.55 329.45 Td (60,054) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.25 329.45 Td (360) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.55 329.45 Td (60,414) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.00 316.45 Td (98,584) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.25 316.45 Td (789) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.80 316.45 Td (99,373) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.55 316.45 Td (97,743) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.25 316.45 Td (736) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.55 316.45 Td (98,479) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 303.45 Td (Other income and expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 290.45 Td (Interest and other income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 262.55 290.45 Td (2,610) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 290.45 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.35 290.45 Td (2,610) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.15 290.45 Td (1,291) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.80 290.45 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.15 290.45 Td (1,307) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 277.45 Td (Interest expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 255.20 277.45 Td (\(42,357) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.15 277.45 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.45 277.45 Td (\(131) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.95 277.45 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 277.45 Td (\(42,488) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.95 277.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.85 277.45 Td (\(40,577) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.65 277.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.50 277.45 Td (\(137) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.95 277.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.85 277.45 Td (\(40,714) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.65 277.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 264.45 Td (Corpor) Tj ET Q q 0 0 0 rg BT 87.11 264.45 Td (a) Tj ET Q q 0 0 0 rg BT 91.34 264.45 Td (t) Tj ET Q q 0 0 0 rg BT 94.26 264.45 Td (e e) Tj ET Q q 0 0 0 rg BT 105.11 264.45 Td (xpenses) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 134.46 268.26 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 259.75 264.45 Td (\(8,016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.15 264.45 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 264.45 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.55 264.45 Td (\(8,016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.95 264.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.40 264.45 Td (\(7,201) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.65 264.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.80 264.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.40 264.45 Td (\(7,201) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.65 264.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 251.45 Td (Abandoned transaction costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.20 251.45 Td (\(48) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.15 251.45 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 251.45 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.00 251.45 Td (\(48) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.95 251.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.20 251.45 Td (\(471) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.65 251.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.80 251.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.20 251.45 Td (\(471) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.65 251.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 238.45 Td (Amortization expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 259.75 238.45 Td (\(1,023) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.15 238.45 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 238.45 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.55 238.45 Td (\(1,023) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.95 238.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.20 238.45 Td (\(977) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.65 238.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.80 238.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.20 238.45 Td (\(977) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.65 238.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 225.45 Td (Share of profit from joint venture) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 269.45 225.45 Td (685) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.45 225.45 Td (\(685) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.95 225.45 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.80 225.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.95 225.45 Td (562) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.50 225.45 Td (\(562) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.95 225.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.50 225.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 212.45 Td (Other gains \(losses\) and \(expenses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 262.55 212.45 Td (1,246) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 212.45 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.35 212.45 Td (1,246) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.20 212.45 Td (\(163) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.65 212.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.80 212.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.20 212.45 Td (\(163) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.65 212.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 199.45 Td (Increase \(decrease\) in value of investment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 190.45 Td (properties, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 259.75 193.45 Td (\(6,288) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.15 193.45 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.80 193.45 Td (27) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.55 193.45 Td (\(6,261) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.95 193.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.55 193.45 Td (15,599) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.05 193.45 Td (\(53) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.95 193.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.55 193.45 Td (15,546) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 255.20 178.45 Td (\(53,191) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.15 178.45 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.45 178.45 Td (\(789) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.95 178.45 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 178.45 Td (\(53,980) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.95 178.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.85 178.45 Td (\(31,937) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.65 178.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.50 178.45 Td (\(736) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.95 178.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.85 178.45 Td (\(32,673) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.65 178.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 164.45 Td (Income before income taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.00 164.45 Td (45,393) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 164.45 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.80 164.45 Td (45,393) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.55 164.45 Td (65,806) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.80 164.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.55 164.45 Td (65,806) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 151.45 Td (Deferred income taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.00 151.45 Td (10,484) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 151.45 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.80 151.45 Td (10,484) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.55 151.45 Td (13,126) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.80 151.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.55 151.45 Td (13,126) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 137.45 Td (Net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.00 137.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.00 137.45 Td (34,909) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.00 137.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.80 137.45 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.00 137.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.80 137.45 Td (34,909) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.00 137.45 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.55 137.45 Td (52,680) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.00 137.45 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.80 137.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 508.00 137.45 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.55 137.45 Td (52,680) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 125.14 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 121.80 Td ( R) Tj ET Q q 0 0 0 rg BT 64.32 121.80 Td (e) Tj ET Q q 0 0 0 rg BT 67.75 121.80 Td (f) Tj ET Q q 0 0 0 rg BT 69.71 121.80 Td (er t) Tj ET Q q 0 0 0 rg BT 79.49 121.80 Td (o the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 95.85 121.80 Td () Tj ET Q q 0 0 0 rg BT 98.19 121.80 Td (Adop) Tj ET Q q 0 0 0 rg BT 113.26 121.80 Td (tion of Ne) Tj ET Q q 0 0 0 rg BT 141.54 121.80 Td (w Acc) Tj ET Q q 0 0 0 rg BT 158.04 121.80 Td (oun) Tj ET Q q 0 0 0 rg BT 169.02 121.80 Td (ting St) Tj ET Q q 0 0 0 rg BT 187.00 121.80 Td (andar) Tj ET Q q 0 0 0 rg BT 203.41 121.80 Td (ds) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 212.75 121.80 Td ( section of this MD&A f) Tj ET Q q 0 0 0 rg BT 278.47 121.80 Td (or further de) Tj ET Q q 0 0 0 rg BT 315.09 121.80 Td (t) Tj ET Q q 0 0 0 rg BT 317.35 121.80 Td (ails.) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (37) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.75 Td (Funds fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.89 693.75 Td (om Oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.79 693.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.11 693.75 Td (tions and Adjus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.59 693.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.27 693.75 Td (ed Funds fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.08 693.75 Td (om Oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.98 693.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.31 693.75 Td (tions) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 678.75 Td (In Managemen) Tj ET Q q 0 0 0 rg BT 115.54 678.75 Td (t) Tj ET Q q 0 0 0 rg BT 119.24 678.75 Td () Tj ET Q q 0 0 0 rg BT 121.17 678.75 Td (s vie) Tj ET Q q 0 0 0 rg BT 138.79 678.75 Td (w) Tj ET Q q 0 0 0 rg BT 145.36 678.75 Td (, funds from operations \(FF) Tj ET Q q 0 0 0 rg BT 258.53 678.75 Td (O) Tj ET Q q 0 0 0 rg BT 265.13 678.75 Td (\) and adjus) Tj ET Q q 0 0 0 rg BT 313.89 678.75 Td (t) Tj ET Q q 0 0 0 rg BT 317.13 678.75 Td (ed funds from operations \() Tj ET Q q 0 0 0 rg BT 427.82 678.75 Td (AFF) Tj ET Q q 0 0 0 rg BT 442.71 678.75 Td (O) Tj ET Q q 0 0 0 rg BT 449.31 678.75 Td (\) are c) Tj ET Q q 0 0 0 rg BT 478.47 678.75 Td (ommonly ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 666.75 Td (ac) Tj ET Q q 0 0 0 rg BT 63.21 666.75 Td (c) Tj ET Q q 0 0 0 rg BT 67.31 666.75 Td (ep) Tj ET Q q 0 0 0 rg BT 77.18 666.75 Td (t) Tj ET Q q 0 0 0 rg BT 80.43 666.75 Td (ed and meaningful indic) Tj ET Q q 0 0 0 rg BT 177.55 666.75 Td (at) Tj ET Q q 0 0 0 rg BT 185.92 666.75 Td (ors of financial perf) Tj ET Q q 0 0 0 rg BT 264.28 666.75 Td (ormanc) Tj ET Q q 0 0 0 rg BT 295.13 666.75 Td (e in the real es) Tj ET Q q 0 0 0 rg BT 353.84 666.75 Td (t) Tj ET Q q 0 0 0 rg BT 357.06 666.75 Td (at) Tj ET Q q 0 0 0 rg BT 365.44 666.75 Td (e indus) Tj ET Q q 0 0 0 rg BT 393.98 666.75 Td (tr) Tj ET Q q 0 0 0 rg BT 400.81 666.75 Td (y) Tj ET Q q 0 0 0 rg BT 404.80 666.75 Td (. Firs) Tj ET Q q 0 0 0 rg BT 423.68 666.75 Td (t Capit) Tj ET Q q 0 0 0 rg BT 450.30 666.75 Td (al R) Tj ET Q q 0 0 0 rg BT 465.25 666.75 Td (ealty belie) Tj ET Q q 0 0 0 rg BT 506.77 666.75 Td (ves that ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 654.75 Td (financial analys) Tj ET Q q 0 0 0 rg BT 116.90 654.75 Td (ts, in) Tj ET Q q 0 0 0 rg BT 136.15 654.75 Td (ves) Tj ET Q q 0 0 0 rg BT 149.17 654.75 Td (t) Tj ET Q q 0 0 0 rg BT 152.39 654.75 Td (ors and shareholders are be) Tj ET Q q 0 0 0 rg BT 264.70 654.75 Td (t) Tj ET Q q 0 0 0 rg BT 267.97 654.75 Td (t) Tj ET Q q 0 0 0 rg BT 271.21 654.75 Td (er ser) Tj ET Q q 0 0 0 rg BT 293.86 654.75 Td (ved when the clear presen) Tj ET Q q 0 0 0 rg BT 399.61 654.75 Td (t) Tj ET Q q 0 0 0 rg BT 402.82 654.75 Td (ation of c) Tj ET Q q 0 0 0 rg BT 440.67 654.75 Td (omparable period ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 642.75 Td (operating results generat) Tj ET Q q 0 0 0 rg BT 156.49 642.75 Td (ed from FF) Tj ET Q q 0 0 0 rg BT 199.55 642.75 Td (O and AFF) Tj ET Q q 0 0 0 rg BT 240.92 642.75 Td (O disclosures supplemen) Tj ET Q q 0 0 0 rg BT 340.15 642.75 Td (t IFR) Tj ET Q q 0 0 0 rg BT 358.17 642.75 Td (S disclosure. These measures are the primar) Tj ET Q q 0 0 0 rg BT 535.35 642.75 Td (y ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 630.75 Td (me) Tj ET Q q 0 0 0 rg BT 66.63 630.75 Td (thods used in analyzing real es) Tj ET Q q 0 0 0 rg BT 189.89 630.75 Td (t) Tj ET Q q 0 0 0 rg BT 193.11 630.75 Td (at) Tj ET Q q 0 0 0 rg BT 201.49 630.75 Td (e organiz) Tj ET Q q 0 0 0 rg BT 238.58 630.75 Td (ations in Canada. FF) Tj ET Q q 0 0 0 rg BT 320.30 630.75 Td (O and AFF) Tj ET Q q 0 0 0 rg BT 361.68 630.75 Td (O are not measures de) Tj ET Q q 0 0 0 rg BT 453.10 630.75 Td (fined b) Tj ET Q q 0 0 0 rg BT 480.86 630.75 Td (y IFR) Tj ET Q q 0 0 0 rg BT 500.00 630.75 Td (S and, as ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 618.75 Td (such, neither of them has a s) Tj ET Q q 0 0 0 rg BT 169.76 618.75 Td (t) Tj ET Q q 0 0 0 rg BT 172.97 618.75 Td (andard de) Tj ET Q q 0 0 0 rg BT 214.27 618.75 Td (finition. The Compan) Tj ET Q q 0 0 0 rg BT 298.32 618.75 Td (y) Tj ET Q q 0 0 0 rg BT 303.09 618.75 Td () Tj ET Q q 0 0 0 rg BT 305.03 618.75 Td (s me) Tj ET Q q 0 0 0 rg BT 323.81 618.75 Td (thod of c) Tj ET Q q 0 0 0 rg BT 359.38 618.75 Td (alculating FF) Tj ET Q q 0 0 0 rg BT 410.84 618.75 Td (O and AFF) Tj ET Q q 0 0 0 rg BT 452.22 618.75 Td (O may be dif) Tj ET Q q 0 0 0 rg BT 503.50 618.75 Td (f) Tj ET Q q 0 0 0 rg BT 506.39 618.75 Td (eren) Tj ET Q q 0 0 0 rg BT 524.42 618.75 Td (t ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 606.75 Td (from me) Tj ET Q q 0 0 0 rg BT 88.41 606.75 Td (thods used b) Tj ET Q q 0 0 0 rg BT 139.63 606.75 Td (y other c) Tj ET Q q 0 0 0 rg BT 174.53 606.75 Td (orporations or REIT) Tj ET Q q 0 0 0 rg BT 251.80 606.75 Td (s \(real es) Tj ET Q q 0 0 0 rg BT 287.44 606.75 Td (t) Tj ET Q q 0 0 0 rg BT 290.65 606.75 Td (at) Tj ET Q q 0 0 0 rg BT 299.03 606.75 Td (e in) Tj ET Q q 0 0 0 rg BT 313.33 606.75 Td (ves) Tj ET Q q 0 0 0 rg BT 326.34 606.75 Td (tmen) Tj ET Q q 0 0 0 rg BT 347.42 606.75 Td (t trus) Tj ET Q q 0 0 0 rg BT 368.73 606.75 Td (ts\) and, ac) Tj ET Q q 0 0 0 rg BT 410.66 606.75 Td (c) Tj ET Q q 0 0 0 rg BT 414.74 606.75 Td (ordingly) Tj ET Q q 0 0 0 rg BT 447.20 606.75 Td (, may not be c) Tj ET Q q 0 0 0 rg BT 503.88 606.75 Td (omparable ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 594.75 Td (t) Tj ET Q q 0 0 0 rg BT 57.23 594.75 Td (o such other c) Tj ET Q q 0 0 0 rg BT 113.38 594.75 Td (orporations or REIT) Tj ET Q q 0 0 0 rg BT 190.65 594.75 Td (s. FF) Tj ET Q q 0 0 0 rg BT 208.42 594.75 Td (O and AFF) Tj ET Q q 0 0 0 rg BT 249.80 594.75 Td (O: \(i\) do not represen) Tj ET Q q 0 0 0 rg BT 335.58 594.75 Td (t c) Tj ET Q q 0 0 0 rg BT 345.28 594.75 Td (ash flo) Tj ET Q q 0 0 0 rg BT 372.15 594.75 Td (w from operating activities as de) Tj ET Q q 0 0 0 rg BT 504.62 594.75 Td (fined b) Tj ET Q q 0 0 0 rg BT 532.38 594.75 Td (y ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 582.75 Td (IFR) Tj ET Q q 0 0 0 rg BT 66.41 582.75 Td (S, \(ii\) are not indic) Tj ET Q q 0 0 0 rg BT 139.06 582.75 Td (ative of c) Tj ET Q q 0 0 0 rg BT 175.88 582.75 Td (ash available t) Tj ET Q q 0 0 0 rg BT 234.49 582.75 Td (o fund all liquidity requiremen) Tj ET Q q 0 0 0 rg BT 356.02 582.75 Td (ts, including paymen) Tj ET Q q 0 0 0 rg BT 439.51 582.75 Td (t of dividends and c) Tj ET Q q 0 0 0 rg BT 517.89 582.75 Td (apit) Tj ET Q q 0 0 0 rg BT 533.68 582.75 Td (al ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 570.75 Td (f) Tj ET Q q 0 0 0 rg BT 56.93 570.75 Td (or gro) Tj ET Q q 0 0 0 rg BT 81.40 570.75 Td (w) Tj ET Q q 0 0 0 rg BT 88.56 570.75 Td (th, and \(iii\) are not t) Tj ET Q q 0 0 0 rg BT 169.42 570.75 Td (o be c) Tj ET Q q 0 0 0 rg BT 193.07 570.75 Td (onsidered as alt) Tj ET Q q 0 0 0 rg BT 257.02 570.75 Td (ernatives t) Tj ET Q q 0 0 0 rg BT 299.77 570.75 Td (o IFR) Tj ET Q q 0 0 0 rg BT 319.57 570.75 Td (S ne) Tj ET Q q 0 0 0 rg BT 336.22 570.75 Td (t inc) Tj ET Q q 0 0 0 rg BT 353.34 570.75 Td (ome f) Tj ET Q q 0 0 0 rg BT 376.35 570.75 Td (or the purpose of e) Tj ET Q q 0 0 0 rg BT 452.76 570.75 Td (valuating operating ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 558.75 Td (perf) Tj ET Q q 0 0 0 rg BT 70.27 558.75 Td (ormanc) Tj ET Q q 0 0 0 rg BT 101.12 558.75 Td (e.) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 539.55 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.94 539.55 Td (unds from Operations) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 524.55 Td (Fir) Tj ET Q q 0 0 0 rg BT 64.21 524.55 Td (s) Tj ET Q q 0 0 0 rg BT 68.00 524.55 Td (t Capit) Tj ET Q q 0 0 0 rg BT 94.51 524.55 Td (al R) Tj ET Q q 0 0 0 rg BT 109.11 524.55 Td (ealty c) Tj ET Q q 0 0 0 rg BT 135.46 524.55 Td (alcula) Tj ET Q q 0 0 0 rg BT 159.01 524.55 Td (t) Tj ET Q q 0 0 0 rg BT 162.26 524.55 Td (es FF) Tj ET Q q 0 0 0 rg BT 182.51 524.55 Td (O in acc) Tj ET Q q 0 0 0 rg BT 214.36 524.55 Td (or) Tj ET Q q 0 0 0 rg BT 222.98 524.55 Td (dance with the r) Tj ET Q q 0 0 0 rg BT 289.25 524.55 Td (ec) Tj ET Q q 0 0 0 rg BT 298.37 524.55 Td (ommenda) Tj ET Q q 0 0 0 rg BT 339.80 524.55 Td (tions of the R) Tj ET Q q 0 0 0 rg BT 393.82 524.55 Td (eal Pr) Tj ET Q q 0 0 0 rg BT 416.64 524.55 Td (operty Associa) Tj ET Q q 0 0 0 rg BT 475.87 524.55 Td (tion of Canada ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 512.55 Td (\(RE) Tj ET Q q 0 0 0 rg BT 71.42 512.55 Td (ALpac\), as issued in a Whit) Tj ET Q q 0 0 0 rg BT 183.03 512.55 Td (e P) Tj ET Q q 0 0 0 rg BT 195.22 512.55 Td (aper on FF) Tj ET Q q 0 0 0 rg BT 237.87 512.55 Td (O f) Tj ET Q q 0 0 0 rg BT 249.60 512.55 Td (or IFR) Tj ET Q q 0 0 0 rg BT 273.03 512.55 Td (S. It includes cert) Tj ET Q q 0 0 0 rg BT 342.18 512.55 Td (ain additional adjus) Tj ET Q q 0 0 0 rg BT 421.38 512.55 Td (tmen) Tj ET Q q 0 0 0 rg BT 442.86 512.55 Td (ts t) Tj ET Q q 0 0 0 rg BT 455.63 512.55 Td (o FF) Tj ET Q q 0 0 0 rg BT 472.27 512.55 Td (O under IFR) Tj ET Q q 0 0 0 rg BT 520.04 512.55 Td (S fr) Tj ET Q q 0 0 0 rg BT 533.28 512.55 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 500.55 Td (the pr) Tj ET Q q 0 0 0 rg BT 78.45 500.55 Td (e) Tj ET Q q 0 0 0 rg BT 83.38 500.55 Td (vious de) Tj ET Q q 0 0 0 rg BT 117.03 500.55 Td (finition of FF) Tj ET Q q 0 0 0 rg BT 168.04 500.55 Td (O under GAAP) Tj ET Q q 0 0 0 rg BT 225.18 500.55 Td (. The use of FF) Tj ET Q q 0 0 0 rg BT 283.42 500.55 Td (O has been included f) Tj ET Q q 0 0 0 rg BT 371.15 500.55 Td (or the purpose of impr) Tj ET Q q 0 0 0 rg BT 463.13 500.55 Td (o) Tj ET Q q 0 0 0 rg BT 468.36 500.55 Td (ving the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 488.55 Td (under) Tj ET Q q 0 0 0 rg BT 78.05 488.55 Td (s) Tj ET Q q 0 0 0 rg BT 81.85 488.55 Td (t) Tj ET Q q 0 0 0 rg BT 85.08 488.55 Td (anding of the oper) Tj ET Q q 0 0 0 rg BT 160.10 488.55 Td (a) Tj ET Q q 0 0 0 rg BT 164.80 488.55 Td (ting r) Tj ET Q q 0 0 0 rg BT 186.02 488.55 Td (esults of the Compan) Tj ET Q q 0 0 0 rg BT 272.11 488.55 Td (y) Tj ET Q q 0 0 0 rg BT 275.98 488.55 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 470.55 Td (FF) Tj ET Q q 0 0 0 rg BT 63.10 470.55 Td (O is c) Tj ET Q q 0 0 0 rg BT 84.60 470.55 Td (onsider) Tj ET Q q 0 0 0 rg BT 114.91 470.55 Td (ed a meaningful additional financial measur) Tj ET Q q 0 0 0 rg BT 292.48 470.55 Td (e of oper) Tj ET Q q 0 0 0 rg BT 329.08 470.55 Td (a) Tj ET Q q 0 0 0 rg BT 333.78 470.55 Td (ting perf) Tj ET Q q 0 0 0 rg BT 368.20 470.55 Td (ormance, as it e) Tj ET Q q 0 0 0 rg BT 432.65 470.55 Td (x) Tj ET Q q 0 0 0 rg BT 436.75 470.55 Td (cludes f) Tj ET Q q 0 0 0 rg BT 467.79 470.55 Td (air v) Tj ET Q q 0 0 0 rg BT 484.99 470.55 Td (alue g) Tj ET Q q 0 0 0 rg BT 509.09 470.55 Td (ains and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 458.55 Td (losses on in) Tj ET Q q 0 0 0 rg BT 100.71 458.55 Td (v) Tj ET Q q 0 0 0 rg BT 105.13 458.55 Td (es) Tj ET Q q 0 0 0 rg BT 113.90 458.55 Td (tmen) Tj ET Q q 0 0 0 rg BT 135.38 458.55 Td (t pr) Tj ET Q q 0 0 0 rg BT 149.57 458.55 Td (operties. FF) Tj ET Q q 0 0 0 rg BT 196.97 458.55 Td (O also adjus) Tj ET Q q 0 0 0 rg BT 245.88 458.55 Td (ts f) Tj ET Q q 0 0 0 rg BT 258.24 458.55 Td (or cert) Tj ET Q q 0 0 0 rg BT 285.18 458.55 Td (ain it) Tj ET Q q 0 0 0 rg BT 305.31 458.55 Td (ems included in IFR) Tj ET Q q 0 0 0 rg BT 383.74 458.55 Td (S ne) Tj ET Q q 0 0 0 rg BT 400.77 458.55 Td (t inc) Tj ET Q q 0 0 0 rg BT 418.08 458.55 Td (ome tha) Tj ET Q q 0 0 0 rg BT 451.88 458.55 Td (t ma) Tj ET Q q 0 0 0 rg BT 470.08 458.55 Td (y not be the mos) Tj ET Q q 0 0 0 rg BT 538.39 458.55 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 446.55 Td (appr) Tj ET Q q 0 0 0 rg BT 72.62 446.55 Td (opria) Tj ET Q q 0 0 0 rg BT 93.63 446.55 Td (t) Tj ET Q q 0 0 0 rg BT 96.87 446.55 Td (e de) Tj ET Q q 0 0 0 rg BT 114.28 446.55 Td (t) Tj ET Q q 0 0 0 rg BT 117.53 446.55 Td (erminan) Tj ET Q q 0 0 0 rg BT 151.48 446.55 Td (ts of the long-t) Tj ET Q q 0 0 0 rg BT 211.26 446.55 Td (erm oper) Tj ET Q q 0 0 0 rg BT 248.75 446.55 Td (a) Tj ET Q q 0 0 0 rg BT 253.45 446.55 Td (ting perf) Tj ET Q q 0 0 0 rg BT 287.87 446.55 Td (ormance of the Compan) Tj ET Q q 0 0 0 rg BT 386.26 446.55 Td (y including cert) Tj ET Q q 0 0 0 rg BT 448.06 446.55 Td (ain c) Tj ET Q q 0 0 0 rg BT 466.81 446.55 Td (ash and non-c) Tj ET Q q 0 0 0 rg BT 523.57 446.55 Td (ash ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 434.55 Td (g) Tj ET Q q 0 0 0 rg BT 58.52 434.55 Td (ains and losses, incr) Tj ET Q q 0 0 0 rg BT 138.76 434.55 Td (emen) Tj ET Q q 0 0 0 rg BT 161.86 434.55 Td (t) Tj ET Q q 0 0 0 rg BT 165.08 434.55 Td (al leasing c) Tj ET Q q 0 0 0 rg BT 209.06 434.55 Td (os) Tj ET Q q 0 0 0 rg BT 218.14 434.55 Td (ts, pr) Tj ET Q q 0 0 0 rg BT 238.73 434.55 Td (operty t) Tj ET Q q 0 0 0 rg BT 271.08 434.55 Td (a) Tj ET Q q 0 0 0 rg BT 275.78 434.55 Td (x) Tj ET Q q 0 0 0 rg BT 279.85 434.55 Td (es r) Tj ET Q q 0 0 0 rg BT 294.35 434.55 Td (e) Tj ET Q q 0 0 0 rg BT 299.24 434.55 Td (flect) Tj ET Q q 0 0 0 rg BT 317.03 434.55 Td (ed r) Tj ET Q q 0 0 0 rg BT 332.80 434.55 Td (a) Tj ET Q q 0 0 0 rg BT 337.50 434.55 Td (t) Tj ET Q q 0 0 0 rg BT 340.73 434.55 Td (ably) Tj ET Q q 0 0 0 rg BT 356.88 434.55 Td (, as w) Tj ET Q q 0 0 0 rg BT 379.66 434.55 Td (ell as adjus) Tj ET Q q 0 0 0 rg BT 423.94 434.55 Td (tmen) Tj ET Q q 0 0 0 rg BT 445.41 434.55 Td (ts t) Tj ET Q q 0 0 0 rg BT 458.18 434.55 Td (o non-c) Tj ET Q q 0 0 0 rg BT 488.71 434.55 Td (on) Tj ET Q q 0 0 0 rg BT 499.14 434.55 Td (tr) Tj ET Q q 0 0 0 rg BT 505.82 434.55 Td (olling ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 422.55 Td (in) Tj ET Q q 0 0 0 rg BT 61.46 422.55 Td (t) Tj ET Q q 0 0 0 rg BT 64.70 422.55 Td (er) Tj ET Q q 0 0 0 rg BT 73.03 422.55 Td (es) Tj ET Q q 0 0 0 rg BT 81.80 422.55 Td (t t) Tj ET Q q 0 0 0 rg BT 90.67 422.55 Td (o r) Tj ET Q q 0 0 0 rg BT 101.55 422.55 Td (e) Tj ET Q q 0 0 0 rg BT 106.44 422.55 Td (flect FF) Tj ET Q q 0 0 0 rg BT 135.70 422.55 Td (O a) Tj ET Q q 0 0 0 rg BT 149.28 422.55 Td (t) Tj ET Q q 0 0 0 rg BT 152.49 422.55 Td (tribut) Tj ET Q q 0 0 0 rg BT 175.36 422.55 Td (able t) Tj ET Q q 0 0 0 rg BT 198.18 422.55 Td (o the Compan) Tj ET Q q 0 0 0 rg BT 255.26 422.55 Td (y) Tj ET Q q 0 0 0 rg BT 259.08 422.55 Td (, and pr) Tj ET Q q 0 0 0 rg BT 289.97 422.55 Td (o) Tj ET Q q 0 0 0 rg BT 295.20 422.55 Td (vides a per) Tj ET Q q 0 0 0 rg BT 339.01 422.55 Td (spectiv) Tj ET Q q 0 0 0 rg BT 367.44 422.55 Td (e on the financial perf) Tj ET Q q 0 0 0 rg BT 456.38 422.55 Td (ormance tha) Tj ET Q q 0 0 0 rg BT 507.94 422.55 Td (t is not ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 410.55 Td (immedia) Tj ET Q q 0 0 0 rg BT 89.49 410.55 Td (t) Tj ET Q q 0 0 0 rg BT 92.74 410.55 Td (ely appar) Tj ET Q q 0 0 0 rg BT 130.24 410.55 Td (en) Tj ET Q q 0 0 0 rg BT 140.37 410.55 Td (t fr) Tj ET Q q 0 0 0 rg BT 152.36 410.55 Td (om ne) Tj ET Q q 0 0 0 rg BT 178.06 410.55 Td (t inc) Tj ET Q q 0 0 0 rg BT 195.36 410.55 Td (ome de) Tj ET Q q 0 0 0 rg BT 226.04 410.55 Td (t) Tj ET Q q 0 0 0 rg BT 229.28 410.55 Td (ermined in acc) Tj ET Q q 0 0 0 rg BT 288.74 410.55 Td (or) Tj ET Q q 0 0 0 rg BT 297.36 410.55 Td (dance with IFR) Tj ET Q q 0 0 0 rg BT 356.85 410.55 Td (S. The w) Tj ET Q q 0 0 0 rg BT 390.65 410.55 Td (eigh) Tj ET Q q 0 0 0 rg BT 407.79 410.55 Td (t) Tj ET Q q 0 0 0 rg BT 411.03 410.55 Td (ed a) Tj ET Q q 0 0 0 rg BT 428.15 410.55 Td (v) Tj ET Q q 0 0 0 rg BT 432.56 410.55 Td (er) Tj ET Q q 0 0 0 rg BT 440.82 410.55 Td (ag) Tj ET Q q 0 0 0 rg BT 450.24 410.55 Td (e number of dilut) Tj ET Q q 0 0 0 rg BT 520.87 410.55 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 398.55 Td (shar) Tj ET Q q 0 0 0 rg BT 71.31 398.55 Td (es outs) Tj ET Q q 0 0 0 rg BT 100.13 398.55 Td (t) Tj ET Q q 0 0 0 rg BT 103.36 398.55 Td (anding f) Tj ET Q q 0 0 0 rg BT 136.02 398.55 Td (or FF) Tj ET Q q 0 0 0 rg BT 156.14 398.55 Td (O is c) Tj ET Q q 0 0 0 rg BT 177.63 398.55 Td (alcula) Tj ET Q q 0 0 0 rg BT 201.19 398.55 Td (t) Tj ET Q q 0 0 0 rg BT 204.43 398.55 Td (ed assuming c) Tj ET Q q 0 0 0 rg BT 261.44 398.55 Td (on) Tj ET Q q 0 0 0 rg BT 271.80 398.55 Td (v) Tj ET Q q 0 0 0 rg BT 276.22 398.55 Td (er) Tj ET Q q 0 0 0 rg BT 284.51 398.55 Td (sion of only those c) Tj ET Q q 0 0 0 rg BT 362.87 398.55 Td (on) Tj ET Q q 0 0 0 rg BT 373.23 398.55 Td (v) Tj ET Q q 0 0 0 rg BT 377.65 398.55 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 432.16 398.55 Td (tur) Tj ET Q q 0 0 0 rg BT 444.12 398.55 Td (es outs) Tj ET Q q 0 0 0 rg BT 472.95 398.55 Td (t) Tj ET Q q 0 0 0 rg BT 476.17 398.55 Td (anding tha) Tj ET Q q 0 0 0 rg BT 519.29 398.55 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 386.55 Td (w) Tj ET Q q 0 0 0 rg BT 61.06 386.55 Td (ould ha) Tj ET Q q 0 0 0 rg BT 91.27 386.55 Td (v) Tj ET Q q 0 0 0 rg BT 95.69 386.55 Td (e a dilutiv) Tj ET Q q 0 0 0 rg BT 135.14 386.55 Td (e e) Tj ET Q q 0 0 0 rg BT 147.26 386.55 Td (f) Tj ET Q q 0 0 0 rg BT 150.22 386.55 Td (f) Tj ET Q q 0 0 0 rg BT 153.02 386.55 Td (ect upon c) Tj ET Q q 0 0 0 rg BT 195.27 386.55 Td (on) Tj ET Q q 0 0 0 rg BT 205.64 386.55 Td (v) Tj ET Q q 0 0 0 rg BT 210.05 386.55 Td (er) Tj ET Q q 0 0 0 rg BT 218.35 386.55 Td (sion, a) Tj ET Q q 0 0 0 rg BT 244.53 386.55 Td (t the holder) Tj ET Q q 0 0 0 rg BT 292.35 386.55 Td (s' c) Tj ET Q q 0 0 0 rg BT 304.87 386.55 Td (on) Tj ET Q q 0 0 0 rg BT 315.31 386.55 Td (tr) Tj ET Q q 0 0 0 rg BT 321.94 386.55 Td (actual c) Tj ET Q q 0 0 0 rg BT 353.05 386.55 Td (on) Tj ET Q q 0 0 0 rg BT 363.41 386.55 Td (v) Tj ET Q q 0 0 0 rg BT 367.83 386.55 Td (er) Tj ET Q q 0 0 0 rg BT 376.12 386.55 Td (sion price.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 368.55 Td (FF) Tj ET Q q 0 0 0 rg BT 63.10 368.55 Td (O f) Tj ET Q q 0 0 0 rg BT 74.83 368.55 Td (or the thr) Tj ET Q q 0 0 0 rg BT 113.64 368.55 Td (ee mon) Tj ET Q q 0 0 0 rg BT 144.28 368.55 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 203.71 368.55 Td (ch 31, 2014 t) Tj ET Q q 0 0 0 rg BT 256.13 368.55 Td (ot) Tj ET Q q 0 0 0 rg BT 264.63 368.55 Td (alled ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 286.50 368.55 Td ($53.5 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 339.25 368.55 Td ( or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 352.54 368.55 Td ($0.26) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.33 368.55 Td ( per shar) Tj ET Q q 0 0 0 rg BT 410.88 368.55 Td (e \(dilut) Tj ET Q q 0 0 0 rg BT 439.49 368.55 Td (ed\) c) Tj ET Q q 0 0 0 rg BT 459.16 368.55 Td (ompar) Tj ET Q q 0 0 0 rg BT 485.82 368.55 Td (ed t) Tj ET Q q 0 0 0 rg BT 501.56 368.55 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 509.09 368.55 Td ($52.9 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 356.55 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.70 356.55 Td ( or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.98 356.55 Td ($0.25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 117.77 356.55 Td ( per shar) Tj ET Q q 0 0 0 rg BT 153.32 356.55 Td (e \(dilut) Tj ET Q q 0 0 0 rg BT 181.93 356.55 Td (ed\) in the same prior y) Tj ET Q q 0 0 0 rg BT 273.49 356.55 Td (ear period. The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 337.69 356.55 Td (incr) Tj ET Q q 0 0 0 rg BT 352.82 356.55 Td (ease) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 371.47 356.55 Td ( in FF) Tj ET Q q 0 0 0 rg BT 392.64 356.55 Td (O is primarily due t) Tj ET Q q 0 0 0 rg BT 469.66 356.55 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 493.04 356.55 Td (incr) Tj ET Q q 0 0 0 rg BT 508.17 356.55 Td (ease) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.82 356.55 Td ( in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 344.55 Td (NOI r) Tj ET Q q 0 0 0 rg BT 75.21 344.55 Td (esulting fr) Tj ET Q q 0 0 0 rg BT 115.89 344.55 Td (om acquisitions, de) Tj ET Q q 0 0 0 rg BT 194.46 344.55 Td (v) Tj ET Q q 0 0 0 rg BT 198.88 344.55 Td (elopmen) Tj ET Q q 0 0 0 rg BT 234.80 344.55 Td (t and r) Tj ET Q q 0 0 0 rg BT 261.32 344.55 Td (ede) Tj ET Q q 0 0 0 rg BT 276.48 344.55 Td (v) Tj ET Q q 0 0 0 rg BT 280.90 344.55 Td (elopmen) Tj ET Q q 0 0 0 rg BT 316.82 344.55 Td (t pr) Tj ET Q q 0 0 0 rg BT 331.01 344.55 Td (ojects c) Tj ET Q q 0 0 0 rg BT 361.55 344.55 Td (oming on line, same pr) Tj ET Q q 0 0 0 rg BT 454.20 344.55 Td (operty NOI gr) Tj ET Q q 0 0 0 rg BT 509.21 344.55 Td (o) Tj ET Q q 0 0 0 rg BT 514.44 344.55 Td (w) Tj ET Q q 0 0 0 rg BT 521.61 344.55 Td (th and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 332.55 Td (incr) Tj ET Q q 0 0 0 rg BT 69.13 332.55 Td (eased in) Tj ET Q q 0 0 0 rg BT 102.75 332.55 Td (t) Tj ET Q q 0 0 0 rg BT 106.00 332.55 Td (er) Tj ET Q q 0 0 0 rg BT 114.33 332.55 Td (es) Tj ET Q q 0 0 0 rg BT 123.10 332.55 Td (t and other inc) Tj ET Q q 0 0 0 rg BT 182.56 332.55 Td (ome fr) Tj ET Q q 0 0 0 rg BT 209.44 332.55 Td (om other r) Tj ET Q q 0 0 0 rg BT 252.92 332.55 Td (eal es) Tj ET Q q 0 0 0 rg BT 276.01 332.55 Td (t) Tj ET Q q 0 0 0 rg BT 279.24 332.55 Td (a) Tj ET Q q 0 0 0 rg BT 283.94 332.55 Td (t) Tj ET Q q 0 0 0 rg BT 287.18 332.55 Td (e in) Tj ET Q q 0 0 0 rg BT 301.80 332.55 Td (v) Tj ET Q q 0 0 0 rg BT 306.22 332.55 Td (es) Tj ET Q q 0 0 0 rg BT 314.99 332.55 Td (tmen) Tj ET Q q 0 0 0 rg BT 336.47 332.55 Td (ts. The e) Tj ET Q q 0 0 0 rg BT 370.76 332.55 Td (f) Tj ET Q q 0 0 0 rg BT 373.72 332.55 Td (f) Tj ET Q q 0 0 0 rg BT 376.52 332.55 Td (ects of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 421.67 332.55 Td (incr) Tj ET Q q 0 0 0 rg BT 436.80 332.55 Td (ease) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.46 332.55 Td ( in NOI and in) Tj ET Q q 0 0 0 rg BT 510.40 332.55 Td (t) Tj ET Q q 0 0 0 rg BT 513.64 332.55 Td (er) Tj ET Q q 0 0 0 rg BT 521.97 332.55 Td (es) Tj ET Q q 0 0 0 rg BT 530.74 332.55 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 320.55 Td (and other inc) Tj ET Q q 0 0 0 rg BT 107.85 320.55 Td (ome w) Tj ET Q q 0 0 0 rg BT 135.41 320.55 Td (er) Tj ET Q q 0 0 0 rg BT 143.74 320.55 Td (e partially of) Tj ET Q q 0 0 0 rg BT 194.55 320.55 Td (f) Tj ET Q q 0 0 0 rg BT 197.47 320.55 Td (se) Tj ET Q q 0 0 0 rg BT 206.30 320.55 Td (t b) Tj ET Q q 0 0 0 rg BT 217.12 320.55 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 223.90 320.55 Td (incr) Tj ET Q q 0 0 0 rg BT 239.03 320.55 Td (eases) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 261.60 320.55 Td ( in in) Tj ET Q q 0 0 0 rg BT 281.12 320.55 Td (t) Tj ET Q q 0 0 0 rg BT 284.37 320.55 Td (er) Tj ET Q q 0 0 0 rg BT 292.70 320.55 Td (es) Tj ET Q q 0 0 0 rg BT 301.47 320.55 Td (t e) Tj ET Q q 0 0 0 rg BT 311.91 320.55 Td (xpense and c) Tj ET Q q 0 0 0 rg BT 364.57 320.55 Td (orpor) Tj ET Q q 0 0 0 rg BT 387.14 320.55 Td (a) Tj ET Q q 0 0 0 rg BT 391.84 320.55 Td (t) Tj ET Q q 0 0 0 rg BT 395.08 320.55 Td (e e) Tj ET Q q 0 0 0 rg BT 407.14 320.55 Td (xpenses. On a per shar) Tj ET Q q 0 0 0 rg BT 499.01 320.55 Td (e basis, the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 308.55 Td (incr) Tj ET Q q 0 0 0 rg BT 69.13 308.55 Td (eases) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 91.70 308.55 Td ( in FF) Tj ET Q q 0 0 0 rg BT 112.87 308.55 Td (O w) Tj ET Q q 0 0 0 rg BT 128.81 308.55 Td (er) Tj ET Q q 0 0 0 rg BT 137.14 308.55 Td (e of) Tj ET Q q 0 0 0 rg BT 152.60 308.55 Td (f) Tj ET Q q 0 0 0 rg BT 155.52 308.55 Td (se) Tj ET Q q 0 0 0 rg BT 164.36 308.55 Td (t b) Tj ET Q q 0 0 0 rg BT 175.17 308.55 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 181.96 308.55 Td (an incr) Tj ET Q q 0 0 0 rg BT 209.40 308.55 Td (ease) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 228.05 308.55 Td ( in the w) Tj ET Q q 0 0 0 rg BT 263.02 308.55 Td (eigh) Tj ET Q q 0 0 0 rg BT 280.16 308.55 Td (t) Tj ET Q q 0 0 0 rg BT 283.40 308.55 Td (ed a) Tj ET Q q 0 0 0 rg BT 300.51 308.55 Td (v) Tj ET Q q 0 0 0 rg BT 304.93 308.55 Td (er) Tj ET Q q 0 0 0 rg BT 313.19 308.55 Td (ag) Tj ET Q q 0 0 0 rg BT 322.60 308.55 Td (e number of c) Tj ET Q q 0 0 0 rg BT 379.04 308.55 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 430.39 308.55 Td (es outs) Tj ET Q q 0 0 0 rg BT 459.21 308.55 Td (t) Tj ET Q q 0 0 0 rg BT 462.44 308.55 Td (anding.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 290.55 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 290.55 Td (y) Tj ET Q q 0 0 0 rg BT 109.90 290.55 Td () Tj ET Q q 0 0 0 rg BT 111.78 290.55 Td (s ne) Tj ET Q q 0 0 0 rg BT 128.13 290.55 Td (t inc) Tj ET Q q 0 0 0 rg BT 145.44 290.55 Td (ome with pr) Tj ET Q q 0 0 0 rg BT 194.82 290.55 Td (oportiona) Tj ET Q q 0 0 0 rg BT 234.98 290.55 Td (t) Tj ET Q q 0 0 0 rg BT 238.22 290.55 Td (e in) Tj ET Q q 0 0 0 rg BT 252.91 290.55 Td (t) Tj ET Q q 0 0 0 rg BT 256.15 290.55 Td (er) Tj ET Q q 0 0 0 rg BT 264.48 290.55 Td (es) Tj ET Q q 0 0 0 rg BT 273.26 290.55 Td (t is r) Tj ET Q q 0 0 0 rg BT 290.69 290.55 Td (ec) Tj ET Q q 0 0 0 rg BT 299.81 290.55 Td (onciled t) Tj ET Q q 0 0 0 rg BT 334.90 290.55 Td (o funds fr) Tj ET Q q 0 0 0 rg BT 373.79 290.55 Td (om oper) Tj ET Q q 0 0 0 rg BT 408.10 290.55 Td (a) Tj ET Q q 0 0 0 rg BT 412.80 290.55 Td (tions belo) Tj ET Q q 0 0 0 rg BT 452.90 290.55 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 280.04999999999995 m 404.5 280.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 280.04999999999995 m 475.5 280.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 280.04999999999995 m 546.5 280.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 267.04999999999995 m 404.5 267.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 254.04999999999995 m 404.5 254.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404.5 267.04999999999995 m 475.5 267.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404.5 254.04999999999995 m 475.5 254.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.5 267.04999999999995 m 546.5 267.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.5 254.04999999999995 m 546.5 254.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.5 254.04999999999995 m 546.5 254.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 150.04999999999995 m 404.5 150.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 135.04999999999995 m 404.5 135.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404.5 150.04999999999995 m 475.5 150.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 135.04999999999995 m 475.5 135.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.5 150.04999999999995 m 546.5 150.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 135.04999999999995 m 546.5 135.04999999999995 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.65 271.55 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 257.55 Td (\(thousands of dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.75 258.55 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.75 258.55 Td (2013) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.25 245.55 Td (\(R) Tj ET Q q 0 0 0 rg BT 508.88 245.55 Td (es) Tj ET Q q 0 0 0 rg BT 515.72 245.55 Td (t) Tj ET Q q 0 0 0 rg BT 518.29 245.55 Td (at) Tj ET Q q 0 0 0 rg BT 525.00 245.55 Td (ed\) ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 537.17 249.36 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 231.80 Td (Net income for the period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.00 231.80 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 231.80 Td (34,909) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 231.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.15 231.80 Td (52,680) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 218.80 Td (Add \(deduct\):) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 205.80 Td (\(Increase\) decrease in value of investment properties, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.55 205.80 Td (6,261) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 205.80 Td (\(15,546) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.25 205.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 192.80 Td (Incremental leasing costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.55 192.80 Td (1,706) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.75 192.80 Td (1,437) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 179.80 Td (Investment properties selling costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.45 179.80 Td (142) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.75 179.80 Td (1,156) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 166.80 Td (Deferred income taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 166.80 Td (10,484) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.15 166.80 Td (13,126) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 153.80 Td (Non-controlling interest) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.20 153.80 Td (\(41) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.15 153.80 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.10 153.80 Td (26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 139.80 Td (FFO) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.00 139.80 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 139.80 Td (53,461) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 139.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.15 139.80 Td (52,879) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 127.49 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 124.15 Td ( R) Tj ET Q q 0 0 0 rg BT 64.32 124.15 Td (e) Tj ET Q q 0 0 0 rg BT 67.75 124.15 Td (f) Tj ET Q q 0 0 0 rg BT 69.71 124.15 Td (er t) Tj ET Q q 0 0 0 rg BT 79.49 124.15 Td (o the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 95.85 124.15 Td () Tj ET Q q 0 0 0 rg BT 98.19 124.15 Td (Adop) Tj ET Q q 0 0 0 rg BT 113.26 124.15 Td (tion of Ne) Tj ET Q q 0 0 0 rg BT 141.54 124.15 Td (w Acc) Tj ET Q q 0 0 0 rg BT 158.04 124.15 Td (oun) Tj ET Q q 0 0 0 rg BT 169.02 124.15 Td (ting St) Tj ET Q q 0 0 0 rg BT 187.00 124.15 Td (andar) Tj ET Q q 0 0 0 rg BT 203.41 124.15 Td (ds) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 212.75 124.15 Td ( section of this MD&A f) Tj ET Q q 0 0 0 rg BT 278.47 124.15 Td (or further de) Tj ET Q q 0 0 0 rg BT 315.09 124.15 Td (t) Tj ET Q q 0 0 0 rg BT 317.35 124.15 Td (ails.) 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0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 473 m 558.5 473 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 458 m 558.5 458 l s BT /F3 8.50 Tf ET q 0 0 0 rg BT 448.35 673.63 Td (Three months ended March 31) Tj ET Q BT /F4 8.50 Tf ET q 0 0 0 rg BT 57.00 658.63 Td (\(thousands of dollars, except share and per share amounts and percentages\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 386.35 658.63 Td ( % increase) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 475.75 658.63 Td (2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 537.75 658.63 Td (2013) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 514.25 645.50 Td (\(R) Tj ET Q q 0 0 0 rg BT 520.88 645.50 Td (es) Tj ET Q q 0 0 0 rg BT 527.72 645.50 Td (t) Tj ET Q q 0 0 0 rg BT 530.29 645.50 Td (at) Tj ET Q q 0 0 0 rg BT 537.00 645.50 Td (ed\) ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 549.17 649.31 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 631.75 Td (Net operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.00 631.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.00 631.75 Td (99,373) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.00 631.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 631.75 Td (98,479) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 618.75 Td (Interest expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.20 618.75 Td (\(42,488) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.15 618.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 618.75 Td (\(40,714) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 618.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 605.75 Td (Corporate expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.75 605.75 Td (\(6,310) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.15 605.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.00 605.75 Td (\(5,764) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 605.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 592.75 Td (Abandoned transaction costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.20 592.75 Td (\(48) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.15 592.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 592.75 Td (\(471) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 592.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 579.75 Td (Amortization expense \(corporate assets and credit facility costs\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.75 579.75 Td (\(1,023) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.15 579.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 579.75 Td (\(977) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 579.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 566.75 Td (Interest and other income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.55 566.75 Td (2,610) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 566.75 Td (1,307) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 552.75 Td (Non-controlling interest) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.20 552.75 Td (\(41) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.15 552.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.10 552.75 Td (26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 537.75 Td (FFO excluding other gains \(losses\) and \(expenses\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.15 537.75 Td (0.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.55 537.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.00 537.75 Td (52,073) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 537.75 Td (51,886) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 522.75 Td (Other g) Tj ET Q q 0 0 0 rg BT 84.42 522.75 Td (ains \(losses\) and \(e) Tj ET Q q 0 0 0 rg BT 153.30 522.75 Td (xpenses\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 185.38 527.04 Td ( \(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.55 522.75 Td (1,388) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 522.75 Td (993) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 507.75 Td (FFO) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.15 507.75 Td (1.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.55 507.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.00 507.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.00 507.75 Td (53,461) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.00 507.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 507.75 Td (52,879) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 492.75 Td (FFO per diluted share) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.15 492.75 Td (4.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.55 492.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.00 492.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.05 492.75 Td (0.26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.00 492.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.25 492.75 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 477.75 Td (FFO per diluted share excluding other gains \(losses\) and \(expenses\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.40 477.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.55 477.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.00 477.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.05 477.75 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.00 477.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.25 477.75 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 462.75 Td (Weighted average number of common shares diluted FFO \(in thousands\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.15 462.75 Td (0.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.55 462.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.45 462.75 Td (209,597) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.60 462.75 Td (208,207) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 450.44 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 447.10 Td (R) Tj ET Q q 0 0 0 rg BT 66.68 447.10 Td (e) Tj ET Q q 0 0 0 rg BT 70.10 447.10 Td (f) Tj ET Q q 0 0 0 rg BT 72.06 447.10 Td (er t) Tj ET Q q 0 0 0 rg BT 81.84 447.10 Td (o the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 98.21 447.10 Td () Tj ET Q q 0 0 0 rg BT 100.55 447.10 Td (Adop) Tj ET Q q 0 0 0 rg BT 115.61 447.10 Td (tion of Ne) Tj ET Q q 0 0 0 rg BT 143.89 447.10 Td (w Acc) Tj ET Q q 0 0 0 rg BT 160.39 447.10 Td (oun) Tj ET Q q 0 0 0 rg BT 171.37 447.10 Td (ting St) Tj ET Q q 0 0 0 rg BT 189.36 447.10 Td (andar) Tj ET Q q 0 0 0 rg BT 205.76 447.10 Td (ds) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 215.11 447.10 Td ( section of this MD&A f) Tj ET Q q 0 0 0 rg BT 280.82 447.10 Td (or further de) Tj ET Q q 0 0 0 rg BT 317.44 447.10 Td (t) Tj ET Q q 0 0 0 rg BT 319.70 447.10 Td (ails.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 439.09 Td (\(2\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 435.75 Td (R) Tj ET Q q 0 0 0 rg BT 66.68 435.75 Td (e) Tj ET Q q 0 0 0 rg BT 70.10 435.75 Td (f) Tj ET Q q 0 0 0 rg BT 72.06 435.75 Td (er t) Tj ET Q q 0 0 0 rg BT 81.84 435.75 Td (o the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 98.21 435.75 Td (R) Tj ET Q q 0 0 0 rg BT 104.81 435.75 Td (esults of Oper) Tj ET Q q 0 0 0 rg BT 144.48 435.75 Td (a) Tj ET Q q 0 0 0 rg BT 147.77 435.75 Td (tions Other Gains \(Losses\) and \(Expenses\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 273.89 435.75 Td ( section in the f) Tj ET Q q 0 0 0 rg BT 317.50 435.75 Td (ollo) Tj ET Q q 0 0 0 rg BT 328.07 435.75 Td (wing pag) Tj ET Q q 0 0 0 rg BT 353.50 435.75 Td (es f) Tj ET Q q 0 0 0 rg BT 363.29 435.75 Td (or de) Tj ET Q q 0 0 0 rg BT 378.13 435.75 Td (t) Tj ET Q q 0 0 0 rg BT 380.39 435.75 Td (ails.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 54.00 412.55 Td (Adjus) Tj ET Q q 0 0 0 rg BT 79.29 412.55 Td (t) Tj ET Q q 0 0 0 rg BT 83.00 412.55 Td (ed F) Tj ET Q q 0 0 0 rg BT 101.64 412.55 Td (unds from Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 397.55 Td (AFF) Tj ET Q q 0 0 0 rg BT 68.89 397.55 Td (O is c) Tj ET Q q 0 0 0 rg BT 90.38 397.55 Td (alcula) Tj ET Q q 0 0 0 rg BT 113.94 397.55 Td (t) Tj ET Q q 0 0 0 rg BT 117.18 397.55 Td (ed b) Tj ET Q q 0 0 0 rg BT 134.88 397.55 Td (y adjus) Tj ET Q q 0 0 0 rg BT 163.16 397.55 Td (ting FF) Tj ET Q q 0 0 0 rg BT 190.12 397.55 Td (O f) Tj ET Q q 0 0 0 rg BT 201.85 397.55 Td (or non-c) Tj ET Q q 0 0 0 rg BT 235.86 397.55 Td (ash and other it) Tj ET Q q 0 0 0 rg BT 299.77 397.55 Td (ems including in) Tj ET Q q 0 0 0 rg BT 365.46 397.55 Td (t) Tj ET Q q 0 0 0 rg BT 368.70 397.55 Td (er) Tj ET Q q 0 0 0 rg BT 377.03 397.55 Td (es) Tj ET Q q 0 0 0 rg BT 385.80 397.55 Td (t pa) Tj ET Q q 0 0 0 rg BT 401.27 397.55 Td (y) Tj ET Q q 0 0 0 rg BT 405.65 397.55 Td (able in shar) Tj ET Q q 0 0 0 rg BT 452.34 397.55 Td (es, s) Tj ET Q q 0 0 0 rg BT 469.78 397.55 Td (tr) Tj ET Q q 0 0 0 rg BT 476.41 397.55 Td (aigh) Tj ET Q q 0 0 0 rg BT 493.37 397.55 Td (t) Tj ET Q q 0 0 0 rg BT 496.41 397.55 Td (-line r) Tj ET Q q 0 0 0 rg BT 519.90 397.55 Td (en) Tj ET Q q 0 0 0 rg BT 530.04 397.55 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 385.55 Td (adjus) Tj ET Q q 0 0 0 rg BT 75.49 385.55 Td (tmen) Tj ET Q q 0 0 0 rg BT 96.96 385.55 Td (ts, non-c) Tj ET Q q 0 0 0 rg BT 131.97 385.55 Td (ash c) Tj ET Q q 0 0 0 rg BT 152.33 385.55 Td (ompensa) Tj ET Q q 0 0 0 rg BT 189.68 385.55 Td (tion e) Tj ET Q q 0 0 0 rg BT 212.94 385.55 Td (xpense, same pr) Tj ET Q q 0 0 0 rg BT 278.90 385.55 Td (operty c) Tj ET Q q 0 0 0 rg BT 312.17 385.55 Td (apit) Tj ET Q q 0 0 0 rg BT 327.74 385.55 Td (al e) Tj ET Q q 0 0 0 rg BT 341.91 385.55 Td (xpenditur) Tj ET Q q 0 0 0 rg BT 381.23 385.55 Td (es and leasing c) Tj ET Q q 0 0 0 rg BT 444.57 385.55 Td (os) Tj ET Q q 0 0 0 rg BT 453.64 385.55 Td (ts f) Tj ET Q q 0 0 0 rg BT 466.01 385.55 Td (or main) Tj ET Q q 0 0 0 rg BT 497.26 385.55 Td (t) Tj ET Q q 0 0 0 rg BT 500.49 385.55 Td (aining ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 373.55 Td (shopping cen) Tj ET Q q 0 0 0 rg BT 107.83 373.55 Td (tr) Tj ET Q q 0 0 0 rg BT 114.53 373.55 Td (e in) Tj ET Q q 0 0 0 rg BT 129.26 373.55 Td (fr) Tj ET Q q 0 0 0 rg BT 135.59 373.55 Td (as) Tj ET Q q 0 0 0 rg BT 144.18 373.55 Td (tructur) Tj ET Q q 0 0 0 rg BT 172.46 373.55 Td (es, cert) Tj ET Q q 0 0 0 rg BT 202.02 373.55 Td (ain other g) Tj ET Q q 0 0 0 rg BT 245.74 373.55 Td (ains or losses, and adjus) Tj ET Q q 0 0 0 rg BT 343.35 373.55 Td (tmen) Tj ET Q q 0 0 0 rg BT 364.83 373.55 Td (ts t) Tj ET Q q 0 0 0 rg BT 377.60 373.55 Td (o non-c) Tj ET Q q 0 0 0 rg BT 408.12 373.55 Td (on) Tj ET Q q 0 0 0 rg BT 418.56 373.55 Td (tr) Tj ET Q q 0 0 0 rg BT 425.23 373.55 Td (olling in) Tj ET Q q 0 0 0 rg BT 457.07 373.55 Td (t) Tj ET Q q 0 0 0 rg BT 460.31 373.55 Td (er) Tj ET Q q 0 0 0 rg BT 468.64 373.55 Td (es) Tj ET Q q 0 0 0 rg BT 477.41 373.55 Td (t t) Tj ET Q q 0 0 0 rg BT 486.28 373.55 Td (o r) Tj ET Q q 0 0 0 rg BT 497.16 373.55 Td (e) Tj ET Q q 0 0 0 rg BT 502.05 373.55 Td (flect AFF) Tj ET Q q 0 0 0 rg BT 537.10 373.55 Td (O ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 361.55 Td (a) Tj ET Q q 0 0 0 rg BT 58.70 361.55 Td (t) Tj ET Q q 0 0 0 rg BT 61.91 361.55 Td (tribut) Tj ET Q q 0 0 0 rg BT 84.77 361.55 Td (able t) Tj ET Q q 0 0 0 rg BT 107.60 361.55 Td (o the Compan) Tj ET Q q 0 0 0 rg BT 164.68 361.55 Td (y) Tj ET Q q 0 0 0 rg BT 168.55 361.55 Td (. R) Tj ET Q q 0 0 0 rg BT 178.58 361.55 Td (esiden) Tj ET Q q 0 0 0 rg BT 205.16 361.55 Td (tial in) Tj ET Q q 0 0 0 rg BT 227.53 361.55 Td (v) Tj ET Q q 0 0 0 rg BT 231.95 361.55 Td (en) Tj ET Q q 0 0 0 rg BT 242.09 361.55 Td (t) Tj ET Q q 0 0 0 rg BT 245.34 361.55 Td (or) Tj ET Q q 0 0 0 rg BT 254.15 361.55 Td (y pr) Tj ET Q q 0 0 0 rg BT 269.54 361.55 Td (e-sale c) Tj ET Q q 0 0 0 rg BT 299.96 361.55 Td (os) Tj ET Q q 0 0 0 rg BT 309.03 361.55 Td (ts ar) Tj ET Q q 0 0 0 rg BT 326.70 361.55 Td (e r) Tj ET Q q 0 0 0 rg BT 337.29 361.55 Td (ec) Tj ET Q q 0 0 0 rg BT 346.41 361.55 Td (ogniz) Tj ET Q q 0 0 0 rg BT 367.66 361.55 Td (ed in AFF) Tj ET Q q 0 0 0 rg BT 404.85 361.55 Td (O when the Compan) Tj ET Q q 0 0 0 rg BT 488.17 361.55 Td (y r) Tj ET Q q 0 0 0 rg BT 498.31 361.55 Td (ec) Tj ET Q q 0 0 0 rg BT 507.43 361.55 Td (ogniz) Tj ET Q q 0 0 0 rg BT 528.69 361.55 Td (es ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 349.55 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 349.55 Td (e) Tj ET Q q 0 0 0 rg BT 62.28 349.55 Td (v) Tj ET Q q 0 0 0 rg BT 66.70 349.55 Td (enue fr) Tj ET Q q 0 0 0 rg BT 95.80 349.55 Td (om the sale of r) Tj ET Q q 0 0 0 rg BT 159.33 349.55 Td (esiden) Tj ET Q q 0 0 0 rg BT 185.90 349.55 Td (tial units. The w) Tj ET Q q 0 0 0 rg BT 250.17 349.55 Td (eigh) Tj ET Q q 0 0 0 rg BT 267.31 349.55 Td (t) Tj ET Q q 0 0 0 rg BT 270.55 349.55 Td (ed a) Tj ET Q q 0 0 0 rg BT 287.66 349.55 Td (v) Tj ET Q q 0 0 0 rg BT 292.08 349.55 Td (er) Tj ET Q q 0 0 0 rg BT 300.34 349.55 Td (ag) Tj ET Q q 0 0 0 rg BT 309.75 349.55 Td (e number of dilut) Tj ET Q q 0 0 0 rg BT 380.39 349.55 Td (ed shar) Tj ET Q q 0 0 0 rg BT 410.19 349.55 Td (es outs) Tj ET Q q 0 0 0 rg BT 439.01 349.55 Td (t) Tj ET Q q 0 0 0 rg BT 442.24 349.55 Td (anding f) Tj ET Q q 0 0 0 rg BT 474.89 349.55 Td (or AFF) Tj ET Q q 0 0 0 rg BT 500.80 349.55 Td (O is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 337.55 Td (adjus) Tj ET Q q 0 0 0 rg BT 75.49 337.55 Td (t) Tj ET Q q 0 0 0 rg BT 78.73 337.55 Td (ed t) Tj ET Q q 0 0 0 rg BT 94.47 337.55 Td (o assume c) Tj ET Q q 0 0 0 rg BT 139.24 337.55 Td (on) Tj ET Q q 0 0 0 rg BT 149.61 337.55 Td (v) Tj ET Q q 0 0 0 rg BT 154.02 337.55 Td (er) Tj ET Q q 0 0 0 rg BT 162.32 337.55 Td (sion of the outs) Tj ET Q q 0 0 0 rg BT 225.41 337.55 Td (t) Tj ET Q q 0 0 0 rg BT 228.64 337.55 Td (anding c) Tj ET Q q 0 0 0 rg BT 262.60 337.55 Td (on) Tj ET Q q 0 0 0 rg BT 272.96 337.55 Td (v) Tj ET Q q 0 0 0 rg BT 277.38 337.55 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 331.89 337.55 Td (tur) Tj ET Q q 0 0 0 rg BT 343.85 337.55 Td (es, c) Tj ET Q q 0 0 0 rg BT 361.64 337.55 Td (alcula) Tj ET Q q 0 0 0 rg BT 385.20 337.55 Td (t) Tj ET Q q 0 0 0 rg BT 388.44 337.55 Td (ed using the holder) Tj ET Q q 0 0 0 rg BT 466.82 337.55 Td (s' c) Tj ET Q q 0 0 0 rg BT 479.34 337.55 Td (on) Tj ET Q q 0 0 0 rg BT 489.78 337.55 Td (tr) Tj ET Q q 0 0 0 rg BT 496.41 337.55 Td (actual ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 325.55 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 325.55 Td (on) Tj ET Q q 0 0 0 rg BT 68.51 325.55 Td (v) Tj ET Q q 0 0 0 rg BT 72.93 325.55 Td (er) Tj ET Q q 0 0 0 rg BT 81.22 325.55 Td (sion price.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 307.55 Td (AFF) Tj ET Q q 0 0 0 rg BT 68.89 307.55 Td (O f) Tj ET Q q 0 0 0 rg BT 80.61 307.55 Td (or the thr) Tj ET Q q 0 0 0 rg BT 119.43 307.55 Td (ee mon) Tj ET Q q 0 0 0 rg BT 150.06 307.55 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 209.49 307.55 Td (ch 31, 2014 t) Tj ET Q q 0 0 0 rg BT 261.92 307.55 Td (ot) Tj ET Q q 0 0 0 rg BT 270.42 307.55 Td (alled ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 292.29 307.55 Td ($54.0 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.04 307.55 Td ( or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.32 307.55 Td ($0.24) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.12 307.55 Td ( per shar) Tj ET Q q 0 0 0 rg BT 416.67 307.55 Td (e \(dilut) Tj ET Q q 0 0 0 rg BT 445.27 307.55 Td (ed\) c) Tj ET Q q 0 0 0 rg BT 464.94 307.55 Td (ompar) Tj ET Q q 0 0 0 rg BT 491.60 307.55 Td (ed t) Tj ET Q q 0 0 0 rg BT 507.34 307.55 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 295.55 Td ($54.3 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 106.75 295.55 Td ( or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.04 295.55 Td ($0.24) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 142.83 295.55 Td ( per shar) Tj ET Q q 0 0 0 rg BT 178.38 295.55 Td (e \(dilut) Tj ET Q q 0 0 0 rg BT 206.99 295.55 Td (ed\) in the same prior y) Tj ET Q q 0 0 0 rg BT 298.55 295.55 Td (ear period. AFF) Tj ET Q q 0 0 0 rg BT 360.27 295.55 Td (O included ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.22 295.55 Td ($0.5 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.91 295.55 Td ( of other ne) Tj ET Q q 0 0 0 rg BT 501.53 295.55 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 283.55 Td (g) Tj ET Q q 0 0 0 rg BT 58.52 283.55 Td (ains in the quart) Tj ET Q q 0 0 0 rg BT 124.71 283.55 Td (er c) Tj ET Q q 0 0 0 rg BT 139.58 283.55 Td (ompar) Tj ET Q q 0 0 0 rg BT 166.24 283.55 Td (ed t) Tj ET Q q 0 0 0 rg BT 181.98 283.55 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.51 283.55 Td ($2.1 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.20 283.55 Td ( of other ne) Tj ET Q q 0 0 0 rg BT 284.82 283.55 Td (t g) Tj ET Q q 0 0 0 rg BT 294.95 283.55 Td (ains in the same prior y) Tj ET Q q 0 0 0 rg BT 389.50 283.55 Td (ear period. ) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (39) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 701.5 m 383.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 701.5 m 443.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 688.5 m 443.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 701.5 m 448.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 688.5 m 448.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 701.5 m 500.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 688.5 m 500.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 701.5 m 553.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 688.5 m 553.5 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 688.5 m 383.5 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 667.5 m 383.5 667.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 688.5 m 443.5 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 667.5 m 443.5 667.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 688.5 m 448.5 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 667.5 m 448.5 667.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 688.5 m 500.5 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 667.5 m 500.5 667.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 688.5 m 553.5 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 667.5 m 553.5 667.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 511.5 m 383.5 511.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 511.5 m 443.5 511.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 511.5 m 448.5 511.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 511.5 m 500.5 511.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 511.5 m 553.5 511.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 498.5 m 383.5 498.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 498.5 m 443.5 498.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 498.5 m 448.5 498.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 498.5 m 500.5 498.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 498.5 m 553.5 498.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 485.5 m 383.5 485.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 485.5 m 443.5 485.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 485.5 m 448.5 485.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 485.5 m 500.5 485.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 485.5 m 553.5 485.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 472.5 m 383.5 472.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 472.5 m 443.5 472.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 472.5 m 448.5 472.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 472.5 m 500.5 472.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 459.5 m 500.5 459.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 472.5 m 553.5 472.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 459.5 m 383.5 459.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 459.5 m 443.5 459.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 459.5 m 448.5 459.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 459.5 m 500.5 459.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 459.5 m 553.5 459.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 444.5 m 383.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 429.5 m 383.5 429.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 444.5 m 443.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 429.5 m 443.5 429.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 444.5 m 448.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 429.5 m 448.5 429.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 448.5 444.5 m 500.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 429.5 m 500.5 429.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 444.5 m 553.5 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 429.5 m 553.5 429.5 l s BT /F3 8.50 Tf ET q 0 0 0 rg BT 443.35 692.63 Td (Three months ended March 31) Tj ET Q BT /F4 8.50 Tf ET q 0 0 0 rg BT 57.00 672.13 Td (\(thousands of dollars, except share and per share amounts and percentages\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 403.25 679.63 Td (% increase) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 403.80 671.13 Td (\(decrease\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 479.75 672.13 Td (2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 532.75 672.13 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 658.25 Td (FFO) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 658.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 658.25 Td (53,461) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.00 658.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.15 658.25 Td (52,879) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 645.25 Td (Add \(deduct\):) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 632.25 Td (Interest expense payable in shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.55 632.25 Td (5,841) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.75 632.25 Td (5,449) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 619.25 Td (Rental revenue recorded on a straight-line basis) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.75 619.25 Td (\(1,752) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.15 619.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.00 619.25 Td (\(3,342) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.25 619.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 606.25 Td (Non-cash compensation expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.45 606.25 Td (696) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.55 606.25 Td (714) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 593.25 Td (Same pr) Tj ET Q q 0 0 0 rg BT 92.87 593.25 Td (operty r) Tj ET Q q 0 0 0 rg BT 122.10 593.25 Td (e) Tj ET Q q 0 0 0 rg BT 126.54 593.25 Td (v) Tj ET Q q 0 0 0 rg BT 130.51 593.25 Td (enue sus) Tj ET Q q 0 0 0 rg BT 162.63 593.25 Td (t) Tj ET Q q 0 0 0 rg BT 165.53 593.25 Td (aining c) Tj ET Q q 0 0 0 rg BT 193.43 593.25 Td (apit) Tj ET Q q 0 0 0 rg BT 207.44 593.25 Td (al e) Tj ET Q q 0 0 0 rg BT 220.20 593.25 Td (xpenditur) Tj ET Q q 0 0 0 rg BT 255.59 593.25 Td (es ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 265.62 597.54 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.75 593.25 Td (\(4,008) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.15 593.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.00 593.25 Td (\(3,523) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.25 593.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 580.25 Td (Change in cumulative unrealized losses \(gains\) on marketable securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.75 580.25 Td (\(1,285) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.15 580.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.75 580.25 Td (1,336) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 567.25 Td (Loss on settlement of debt and purchase of convertible debentures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.45 567.25 Td (262) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.55 567.25 Td (112) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 554.25 Td (Hedge accounting \(gains\) losses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.00 554.25 Td (99) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.55 554.25 Td (121) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 541.25 Td (Pre-selling costs of residential inventory units) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.00 541.25 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.35 541.25 Td (\(67) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.25 541.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 528.25 Td (Cos) Tj ET Q q 0 0 0 rg BT 75.96 528.25 Td (ts not c) Tj ET Q q 0 0 0 rg BT 102.79 528.25 Td (apit) Tj ET Q q 0 0 0 rg BT 116.80 528.25 Td (aliz) Tj ET Q q 0 0 0 rg BT 128.59 528.25 Td (ed during de) Tj ET Q q 0 0 0 rg BT 174.66 528.25 Td (v) Tj ET Q q 0 0 0 rg BT 178.63 528.25 Td (elopmen) Tj ET Q q 0 0 0 rg BT 210.96 528.25 Td (t period ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 241.93 532.54 Td (\(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.45 528.25 Td (717) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.55 528.25 Td (650) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 515.25 Td (Other adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.20 515.25 Td (\(72) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.15 515.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.35 515.25 Td (\(77) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.25 515.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 503.25 Td (AFFO) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.65 502.25 Td (\(0.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.80 502.25 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 502.25 Td (53,978) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.15 502.25 Td (54,252) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 489.25 Td (Add/deduct: Other \() Tj ET Q q 0 0 0 rg BT 131.19 489.25 Td (g) Tj ET Q q 0 0 0 rg BT 135.26 489.25 Td (ains\) losses and e) Tj ET Q q 0 0 0 rg BT 198.68 489.25 Td (xpenses ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 230.07 493.54 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.65 489.25 Td (\(483) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.15 489.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.00 489.25 Td (\(2,107) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.25 489.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 477.25 Td (AFFO excluding other \(gains\) losses and expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.40 476.25 Td (2.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.55 476.25 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 476.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 476.25 Td (53,495) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.00 476.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.15 476.25 Td (52,145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 464.25 Td (AFFO per diluted share) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.65 463.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.55 463.25 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 463.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.05 463.25 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.00 463.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.25 463.25 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 449.25 Td (AFFO per diluted share excluding other \(gains\) losses and expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.40 449.25 Td (4.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.55 449.25 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 449.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.05 449.25 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.00 449.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.25 449.25 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 434.25 Td (Weighted average number of common shares diluted AFFO \(in thousands\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.40 434.25 Td (1.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.55 434.25 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.45 434.25 Td (226,260) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.60 434.25 Td (223,686) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 421.94 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 418.60 Td (Es) Tj ET Q q 0 0 0 rg BT 69.08 418.60 Td (tima) Tj ET Q q 0 0 0 rg BT 81.91 418.60 Td (t) Tj ET Q q 0 0 0 rg BT 84.18 418.60 Td (ed a) Tj ET Q q 0 0 0 rg BT 96.21 418.60 Td (t ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 100.14 418.60 Td ($0.84) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 116.09 418.60 Td ( per squar) Tj ET Q q 0 0 0 rg BT 144.66 418.60 Td (e f) Tj ET Q q 0 0 0 rg BT 151.71 418.60 Td (oot per annum \(2013 ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 218.73 418.60 Td ($0.84) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 234.69 418.60 Td (\) on a) Tj ET Q q 0 0 0 rg BT 250.58 418.60 Td (v) Tj ET Q q 0 0 0 rg BT 253.67 418.60 Td (er) Tj ET Q q 0 0 0 rg BT 259.45 418.60 Td (ag) Tj ET Q q 0 0 0 rg BT 266.04 418.60 Td (e gr) Tj ET Q q 0 0 0 rg BT 276.73 418.60 Td (oss leasable ar) Tj ET Q q 0 0 0 rg BT 318.07 418.60 Td (ea of s) Tj ET Q q 0 0 0 rg BT 336.55 418.60 Td (t) Tj ET Q q 0 0 0 rg BT 338.81 418.60 Td (able pr) Tj ET Q q 0 0 0 rg BT 358.52 418.60 Td (operties \(based on an es) Tj ET Q q 0 0 0 rg BT 427.91 418.60 Td (tima) Tj ET Q q 0 0 0 rg BT 440.74 418.60 Td (t) Tj ET Q q 0 0 0 rg BT 443.01 418.60 Td (ed thr) Tj ET Q q 0 0 0 rg BT 460.12 418.60 Td (ee-) Tj ET Q q 0 0 0 rg BT 469.16 418.60 Td (y) Tj ET Q q 0 0 0 rg BT 472.25 418.60 Td (ear w) Tj ET Q q 0 0 0 rg BT 488.05 418.60 Td (eigh) Tj ET Q q 0 0 0 rg BT 500.05 418.60 Td (t) Tj ET Q q 0 0 0 rg BT 502.31 418.60 Td (ed a) Tj ET Q q 0 0 0 rg BT 514.29 418.60 Td (v) Tj ET Q q 0 0 0 rg BT 517.39 418.60 Td (er) Tj ET Q q 0 0 0 rg BT 523.17 418.60 Td (ag) Tj ET Q q 0 0 0 rg BT 529.76 418.60 Td (e\). ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 410.59 Td (\(2\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 407.25 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 407.25 Td (The Compan) Tj ET Q q 0 0 0 rg BT 98.75 407.25 Td (y has added back c) Tj ET Q q 0 0 0 rg BT 151.96 407.25 Td (os) Tj ET Q q 0 0 0 rg BT 158.31 407.25 Td (ts not c) Tj ET Q q 0 0 0 rg BT 179.17 407.25 Td (apit) Tj ET Q q 0 0 0 rg BT 190.07 407.25 Td (aliz) Tj ET Q q 0 0 0 rg BT 199.24 407.25 Td (ed during the de) Tj ET Q q 0 0 0 rg BT 246.16 407.25 Td (v) Tj ET Q q 0 0 0 rg BT 249.25 407.25 Td (elopmen) Tj ET Q q 0 0 0 rg BT 274.40 407.25 Td (t period f) Tj ET Q q 0 0 0 rg BT 300.47 407.25 Td (or acc) Tj ET Q q 0 0 0 rg BT 317.40 407.25 Td (oun) Tj ET Q q 0 0 0 rg BT 328.38 407.25 Td (ting purposes tha) Tj ET Q q 0 0 0 rg BT 377.91 407.25 Td (t, in Manag) Tj ET Q q 0 0 0 rg BT 410.05 407.25 Td (emen) Tj ET Q q 0 0 0 rg BT 426.22 407.25 Td (t) Tj ET Q q 0 0 0 rg BT 428.81 407.25 Td () Tj ET Q q 0 0 0 rg BT 430.13 407.25 Td (s vie) Tj ET Q q 0 0 0 rg BT 442.67 407.25 Td (w f) Tj ET Q q 0 0 0 rg BT 451.24 407.25 Td (orms part of the c) Tj ET Q q 0 0 0 rg BT 502.09 407.25 Td (os) Tj ET Q q 0 0 0 rg BT 508.44 407.25 Td (t of its ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 398.85 Td (de) Tj ET Q q 0 0 0 rg BT 70.13 398.85 Td (v) Tj ET Q q 0 0 0 rg BT 73.22 398.85 Td (elopmen) Tj ET Q q 0 0 0 rg BT 98.37 398.85 Td (t pr) Tj ET Q q 0 0 0 rg BT 108.30 398.85 Td (ojects.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 389.99 Td (\(3\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 386.65 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 386.65 Td (R) Tj ET Q q 0 0 0 rg BT 66.68 386.65 Td (e) Tj ET Q q 0 0 0 rg BT 70.10 386.65 Td (f) Tj ET Q q 0 0 0 rg BT 72.06 386.65 Td (er t) Tj ET Q q 0 0 0 rg BT 81.84 386.65 Td (o the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 98.21 386.65 Td (R) Tj ET Q q 0 0 0 rg BT 104.81 386.65 Td (esults of Oper) Tj ET Q q 0 0 0 rg BT 144.48 386.65 Td (a) Tj ET Q q 0 0 0 rg BT 147.77 386.65 Td (tions Other Gains \(Losses\) and \(Expenses\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 273.89 386.65 Td ( section in the f) Tj ET Q q 0 0 0 rg BT 317.50 386.65 Td (ollo) Tj ET Q q 0 0 0 rg BT 328.07 386.65 Td (wing pag) Tj ET Q q 0 0 0 rg BT 353.50 386.65 Td (es f) Tj ET Q q 0 0 0 rg BT 363.29 386.65 Td (or de) Tj ET Q q 0 0 0 rg BT 378.13 386.65 Td (t) Tj ET Q q 0 0 0 rg BT 380.39 386.65 Td (ails.) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (40) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (A r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.40 694.50 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.52 694.50 Td (oncilia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.86 694.50 Td (tion of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.02 694.50 Td (ash pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.82 694.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.05 694.50 Td (vided b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.81 694.50 Td (y oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.38 694.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.08 694.50 Td (ting activities \(an IFR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.96 694.50 Td (S measur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.09 694.50 Td (e\) t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.61 694.50 Td (o AFF) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.03 694.50 Td (O is pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.99 694.50 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.01 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.25 694.50 Td (ed belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.50 694.50 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 684 m 420.5 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 684 m 489.5 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 684 m 558.5 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 671 m 420.5 671 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 658 m 420.5 658 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 671 m 489.5 671 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 658 m 489.5 658 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 671 m 558.5 671 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 658 m 558.5 658 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 658 m 558.5 658 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 411 m 420.5 411 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 396 m 420.5 396 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 411 m 489.5 411 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 396 m 489.5 396 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 411 m 558.5 411 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 396 m 558.5 396 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.65 675.50 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 661.50 Td (\(thousands of dollars\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 469.75 662.50 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 662.50 Td (2013) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 514.25 649.50 Td (\(R) Tj ET Q q 0 0 0 rg BT 520.88 649.50 Td (es) Tj ET Q q 0 0 0 rg BT 527.72 649.50 Td (t) Tj ET Q q 0 0 0 rg BT 530.29 649.50 Td (at) Tj ET Q q 0 0 0 rg BT 537.00 649.50 Td (ed\) ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 549.17 653.31 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 635.75 Td (Cash provided by operating activities) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 423.00 635.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 635.75 Td (70,131) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.00 635.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 635.75 Td (38,220) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 622.75 Td (Share of profit of joint venture) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.45 622.75 Td (682) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 622.75 Td (630) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 609.75 Td (Distribution from joint venture) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 469.65 609.75 Td (\(484) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.15 609.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 609.75 Td (\(486) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 609.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 596.75 Td (Realized gains on sale of marketable securities) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 472.45 596.75 Td (481) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 596.75 Td (2,075) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 583.75 Td (Incremental leasing costs) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 465.55 583.75 Td (1,706) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 583.75 Td (1,437) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 570.75 Td (Net change in non-cash operating items) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 461.00 570.75 Td (16,898) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 570.75 Td (12,215) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 557.75 Td (Expenditures on residential development inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.55 557.75 Td (3,627) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 557.75 Td (5,513) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 544.75 Td (Receipts of proceeds from sales of residential inventory) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 458.20 544.75 Td (\(27,711) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.15 544.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 544.75 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 531.75 Td (Amortization expense) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 462.75 531.75 Td (\(1,023) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.15 531.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 531.75 Td (\(977) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 531.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 518.75 Td (Non-cash interest expense and change in accrued interest) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.75 518.75 Td (\(2,806) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.15 518.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 518.75 Td (1,440) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 505.75 Td (Convertible debenture interest paid in common shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.75 505.75 Td (\(9,980) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.15 505.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.00 505.75 Td (\(8,768) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 505.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 492.75 Td (Convertible debenture interest payable in common shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.55 492.75 Td (5,841) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 492.75 Td (5,449) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 479.75 Td (Costs not capitalized during development period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.45 479.75 Td (717) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 479.75 Td (650) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 466.75 Td (Pre-selling costs of residential inventory) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 477.00 466.75 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.35 466.75 Td (\(67) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 466.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 453.75 Td (Gain on sale of residential inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.00 453.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 453.75 Td (466) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 440.75 Td (Same property revenue sustaining capital expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.75 440.75 Td (\(4,008) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.15 440.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.00 440.75 Td (\(3,523) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 440.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 427.75 Td (Non-controlling interest) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.20 427.75 Td (\(41) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.15 427.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.10 427.75 Td (26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 414.75 Td (Other adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.20 414.75 Td (\(71) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.15 414.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.35 414.75 Td (\(48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 414.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 400.75 Td (AFFO) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 423.00 400.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 400.75 Td (53,978) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.00 400.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 400.75 Td (54,252) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 385.44 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 382.10 Td ( R) Tj ET Q q 0 0 0 rg BT 64.32 382.10 Td (e) Tj ET Q q 0 0 0 rg BT 67.75 382.10 Td (f) Tj ET Q q 0 0 0 rg BT 69.71 382.10 Td (er t) Tj ET Q q 0 0 0 rg BT 79.49 382.10 Td (o ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 84.76 382.10 Td () Tj ET Q q 0 0 0 rg BT 87.11 382.10 Td (Adop) Tj ET Q q 0 0 0 rg BT 102.17 382.10 Td (tion of Ne) Tj ET Q q 0 0 0 rg BT 130.45 382.10 Td (w Acc) Tj ET Q q 0 0 0 rg BT 146.95 382.10 Td (oun) Tj ET Q q 0 0 0 rg BT 157.93 382.10 Td (ting St) Tj ET Q q 0 0 0 rg BT 175.91 382.10 Td (andar) Tj ET Q q 0 0 0 rg BT 192.32 382.10 Td (ds) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 201.67 382.10 Td ( section of this MD&A f) Tj ET Q q 0 0 0 rg BT 267.38 382.10 Td (or further de) Tj ET Q q 0 0 0 rg BT 304.00 382.10 Td (t) Tj ET Q q 0 0 0 rg BT 306.26 382.10 Td (ails.) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 362.90 Td (Ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.71 362.90 Td (t Oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.56 362.90 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.88 362.90 Td (ting Inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.39 362.90 Td (ome \(NOI\)) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 347.90 Td (NOI is de) Tj ET Q q 0 0 0 rg BT 90.46 347.90 Td (fined as pr) Tj ET Q q 0 0 0 rg BT 133.10 347.90 Td (operty r) Tj ET Q q 0 0 0 rg BT 165.58 347.90 Td (en) Tj ET Q q 0 0 0 rg BT 175.71 347.90 Td (t) Tj ET Q q 0 0 0 rg BT 178.94 347.90 Td (al r) Tj ET Q q 0 0 0 rg BT 191.64 347.90 Td (e) Tj ET Q q 0 0 0 rg BT 196.57 347.90 Td (v) Tj ET Q q 0 0 0 rg BT 200.99 347.90 Td (enue less pr) Tj ET Q q 0 0 0 rg BT 249.64 347.90 Td (operty oper) Tj ET Q q 0 0 0 rg BT 297.55 347.90 Td (a) Tj ET Q q 0 0 0 rg BT 302.25 347.90 Td (ting c) Tj ET Q q 0 0 0 rg BT 324.26 347.90 Td (os) Tj ET Q q 0 0 0 rg BT 333.33 347.90 Td (ts. In Manag) Tj ET Q q 0 0 0 rg BT 383.42 347.90 Td (emen) Tj ET Q q 0 0 0 rg BT 406.52 347.90 Td (t) Tj ET Q q 0 0 0 rg BT 410.22 347.90 Td () Tj ET Q q 0 0 0 rg BT 412.10 347.90 Td (s opinion, NOI is c) Tj ET Q q 0 0 0 rg BT 484.40 347.90 Td (ommon and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 335.90 Td (use) Tj ET Q q 0 0 0 rg BT 68.05 335.90 Td (ful in analy) Tj ET Q q 0 0 0 rg BT 112.30 335.90 Td (zing the oper) Tj ET Q q 0 0 0 rg BT 165.39 335.90 Td (a) Tj ET Q q 0 0 0 rg BT 170.08 335.90 Td (ting perf) Tj ET Q q 0 0 0 rg BT 204.51 335.90 Td (ormance of the Compan) Tj ET Q q 0 0 0 rg BT 302.90 335.90 Td (y) Tj ET Q q 0 0 0 rg BT 307.73 335.90 Td () Tj ET Q q 0 0 0 rg BT 309.61 335.90 Td (s shopping cen) Tj ET Q q 0 0 0 rg BT 369.61 335.90 Td (tr) Tj ET Q q 0 0 0 rg BT 376.31 335.90 Td (e portf) Tj ET Q q 0 0 0 rg BT 403.76 335.90 Td (olio) Tj ET Q q 0 0 0 rg BT 418.71 335.90 Td (, and it is a primar) Tj ET Q q 0 0 0 rg BT 491.80 335.90 Td (y me) Tj ET Q q 0 0 0 rg BT 511.50 335.90 Td (thod f) Tj ET Q q 0 0 0 rg BT 535.73 335.90 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 323.90 Td (analy) Tj ET Q q 0 0 0 rg BT 75.57 323.90 Td (zing r) Tj ET Q q 0 0 0 rg BT 97.39 323.90 Td (eal es) Tj ET Q q 0 0 0 rg BT 120.49 323.90 Td (t) Tj ET Q q 0 0 0 rg BT 123.72 323.90 Td (a) Tj ET Q q 0 0 0 rg BT 128.41 323.90 Td (t) Tj ET Q q 0 0 0 rg BT 131.66 323.90 Td (e in Canada. NOI is not a measur) Tj ET Q q 0 0 0 rg BT 263.48 323.90 Td (e de) Tj ET Q q 0 0 0 rg BT 280.86 323.90 Td (fined b) Tj ET Q q 0 0 0 rg BT 309.16 323.90 Td (y IFR) Tj ET Q q 0 0 0 rg BT 328.36 323.90 Td (S and as such ther) Tj ET Q q 0 0 0 rg BT 401.57 323.90 Td (e is no s) Tj ET Q q 0 0 0 rg BT 433.86 323.90 Td (t) Tj ET Q q 0 0 0 rg BT 437.09 323.90 Td (andar) Tj ET Q q 0 0 0 rg BT 460.53 323.90 Td (d de) Tj ET Q q 0 0 0 rg BT 478.18 323.90 Td (finition. As a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 311.90 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 311.90 Td (esult, NOI ma) Tj ET Q q 0 0 0 rg BT 112.34 311.90 Td (y not be c) Tj ET Q q 0 0 0 rg BT 151.91 311.90 Td (ompar) Tj ET Q q 0 0 0 rg BT 178.49 311.90 Td (able with similar measur) Tj ET Q q 0 0 0 rg BT 277.97 311.90 Td (es pr) Tj ET Q q 0 0 0 rg BT 297.73 311.90 Td (esen) Tj ET Q q 0 0 0 rg BT 316.75 311.90 Td (t) Tj ET Q q 0 0 0 rg BT 319.99 311.90 Td (ed b) Tj ET Q q 0 0 0 rg BT 337.69 311.90 Td (y other en) Tj ET Q q 0 0 0 rg BT 379.21 311.90 Td (tities. NOI is not t) Tj ET Q q 0 0 0 rg BT 449.88 311.90 Td (o be c) Tj ET Q q 0 0 0 rg BT 474.05 311.90 Td (ons) Tj ET Q q 0 0 0 rg BT 488.38 311.90 Td (trued as an ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 299.90 Td (alt) Tj ET Q q 0 0 0 rg BT 64.33 299.90 Td (erna) Tj ET Q q 0 0 0 rg BT 82.74 299.90 Td (tiv) Tj ET Q q 0 0 0 rg BT 92.80 299.90 Td (e t) Tj ET Q q 0 0 0 rg BT 103.29 299.90 Td (o ne) Tj ET Q q 0 0 0 rg BT 121.00 299.90 Td (t inc) Tj ET Q q 0 0 0 rg BT 138.31 299.90 Td (ome or c) Tj ET Q q 0 0 0 rg BT 173.97 299.90 Td (ash flo) Tj ET Q q 0 0 0 rg BT 200.77 299.90 Td (w fr) Tj ET Q q 0 0 0 rg BT 216.55 299.90 Td (om oper) Tj ET Q q 0 0 0 rg BT 250.86 299.90 Td (a) Tj ET Q q 0 0 0 rg BT 255.56 299.90 Td (ting activities de) Tj ET Q q 0 0 0 rg BT 321.87 299.90 Td (t) Tj ET Q q 0 0 0 rg BT 325.11 299.90 Td (ermined in acc) Tj ET Q q 0 0 0 rg BT 384.57 299.90 Td (or) Tj ET Q q 0 0 0 rg BT 393.19 299.90 Td (dance with IFR) Tj ET Q q 0 0 0 rg BT 452.68 299.90 Td (S. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 281.90 Td (NOI ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 71.86 281.90 Td (incr) Tj ET Q q 0 0 0 rg BT 86.99 281.90 Td (eased) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 110.89 281.90 Td ( t) Tj ET Q q 0 0 0 rg BT 116.41 281.90 Td (o appr) Tj ET Q q 0 0 0 rg BT 142.56 281.90 Td (o) Tj ET Q q 0 0 0 rg BT 147.64 281.90 Td (xima) Tj ET Q q 0 0 0 rg BT 166.95 281.90 Td (t) Tj ET Q q 0 0 0 rg BT 170.20 281.90 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 184.25 281.90 Td ($99.4 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.01 281.90 Td ( f) Tj ET Q q 0 0 0 rg BT 242.11 281.90 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 268.97 281.90 Td (thr) Tj ET Q q 0 0 0 rg BT 280.93 281.90 Td (ee mon) Tj ET Q q 0 0 0 rg BT 311.56 281.90 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 370.99 281.90 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 417.90 281.90 Td ( fr) Tj ET Q q 0 0 0 rg BT 426.54 281.90 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.06 281.90 Td ($98.5 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 494.82 281.90 Td ( f) Tj ET Q q 0 0 0 rg BT 499.92 281.90 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 269.95 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 269.95 Td (ompar) Tj ET Q q 0 0 0 rg BT 84.73 269.95 Td (a) Tj ET Q q 0 0 0 rg BT 89.43 269.95 Td (tiv) Tj ET Q q 0 0 0 rg BT 99.49 269.95 Td (e prior y) Tj ET Q q 0 0 0 rg BT 133.19 269.95 Td (ear period.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 251.90 Td (On a c) Tj ET Q q 0 0 0 rg BT 79.33 251.90 Td (ompar) Tj ET Q q 0 0 0 rg BT 105.92 251.90 Td (a) Tj ET Q q 0 0 0 rg BT 110.62 251.90 Td (tiv) Tj ET Q q 0 0 0 rg BT 120.68 251.90 Td (e period basis, the shopping cen) Tj ET Q q 0 0 0 rg BT 251.30 251.90 Td (tr) Tj ET Q q 0 0 0 rg BT 258.00 251.90 Td (e portf) Tj ET Q q 0 0 0 rg BT 285.45 251.90 Td (olio siz) Tj ET Q q 0 0 0 rg BT 312.77 251.90 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 320.01 251.90 Td (decr) Tj ET Q q 0 0 0 rg BT 337.82 251.90 Td (eased) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.73 251.90 Td ( b) Tj ET Q q 0 0 0 rg BT 369.20 251.90 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.98 251.90 Td (0.5 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.60 251.90 Td ( squar) Tj ET Q q 0 0 0 rg BT 443.42 251.90 Td (e f) Tj ET Q q 0 0 0 rg BT 453.46 251.90 Td (ee) Tj ET Q q 0 0 0 rg BT 463.36 251.90 Td (t due t) Tj ET Q q 0 0 0 rg BT 489.97 251.90 Td (o ne) Tj ET Q q 0 0 0 rg BT 507.68 251.90 Td (t pr) Tj ET Q q 0 0 0 rg BT 521.87 251.90 Td (operty ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 239.95 Td (sales, of) Tj ET Q q 0 0 0 rg BT 86.87 239.95 Td (f) Tj ET Q q 0 0 0 rg BT 89.79 239.95 Td (se) Tj ET Q q 0 0 0 rg BT 98.62 239.95 Td (t b) Tj ET Q q 0 0 0 rg BT 109.43 239.95 Td (y an o) Tj ET Q q 0 0 0 rg BT 133.76 239.95 Td (v) Tj ET Q q 0 0 0 rg BT 138.17 239.95 Td (er) Tj ET Q q 0 0 0 rg BT 146.43 239.95 Td (all occupancy ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 203.37 239.95 Td (incr) Tj ET Q q 0 0 0 rg BT 218.50 239.95 Td (ease) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.15 239.95 Td ( of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 250.00 239.95 Td (0.2%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 269.81 239.95 Td ( as c) Tj ET Q q 0 0 0 rg BT 287.18 239.95 Td (ompar) Tj ET Q q 0 0 0 rg BT 313.84 239.95 Td (ed t) Tj ET Q q 0 0 0 rg BT 329.58 239.95 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 352.96 239.95 Td (95.1%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 377.83 239.95 Td ( as a) Tj ET Q q 0 0 0 rg BT 395.75 239.95 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 401.36 239.95 Td (Mar) Tj ET Q q 0 0 0 rg BT 418.04 239.95 Td (ch31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.95 239.95 Td (. The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.10 239.95 Td (incr) Tj ET Q q 0 0 0 rg BT 502.23 239.95 Td (ease) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 520.88 239.95 Td ( in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 227.95 Td (o) Tj ET Q q 0 0 0 rg BT 59.23 227.95 Td (v) Tj ET Q q 0 0 0 rg BT 63.65 227.95 Td (er) Tj ET Q q 0 0 0 rg BT 71.91 227.95 Td (all occupancy primarily arises as a r) Tj ET Q q 0 0 0 rg BT 214.52 227.95 Td (esult of the Compan) Tj ET Q q 0 0 0 rg BT 296.70 227.95 Td (y's de) Tj ET Q q 0 0 0 rg BT 319.78 227.95 Td (v) Tj ET Q q 0 0 0 rg BT 324.20 227.95 Td (elopmen) Tj ET Q q 0 0 0 rg BT 360.12 227.95 Td (t and r) Tj ET Q q 0 0 0 rg BT 386.65 227.95 Td (ede) Tj ET Q q 0 0 0 rg BT 401.80 227.95 Td (v) Tj ET Q q 0 0 0 rg BT 406.22 227.95 Td (elopmen) Tj ET Q q 0 0 0 rg BT 442.14 227.95 Td (t initia) Tj ET Q q 0 0 0 rg BT 467.94 227.95 Td (tiv) Tj ET Q q 0 0 0 rg BT 478.00 227.95 Td (es. On a same ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 215.95 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 215.95 Td (operty s) Tj ET Q q 0 0 0 rg BT 102.75 215.95 Td (t) Tj ET Q q 0 0 0 rg BT 105.97 215.95 Td (able basis, occupancy has mar) Tj ET Q q 0 0 0 rg BT 228.11 215.95 Td (ginally ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 256.53 215.95 Td (incr) Tj ET Q q 0 0 0 rg BT 271.66 215.95 Td (eased) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 295.57 215.95 Td ( t) Tj ET Q q 0 0 0 rg BT 301.08 215.95 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.61 215.95 Td (96.5%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 333.49 215.95 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 338.79 215.95 Td (Mar) Tj ET Q q 0 0 0 rg BT 355.46 215.95 Td (ch31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.37 215.95 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.37 215.95 Td (96.4%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.25 215.95 Td (\). E) Tj ET Q q 0 0 0 rg BT 449.72 215.95 Td (v) Tj ET Q q 0 0 0 rg BT 454.14 215.95 Td (en with the decr) Tj ET Q q 0 0 0 rg BT 520.59 215.95 Td (ease ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 203.95 Td (in the portf) Tj ET Q q 0 0 0 rg BT 99.85 203.95 Td (olio siz) Tj ET Q q 0 0 0 rg BT 127.18 203.95 Td (e, the incr) Tj ET Q q 0 0 0 rg BT 167.89 203.95 Td (ease in NOI r) Tj ET Q q 0 0 0 rg BT 219.82 203.95 Td (esult) Tj ET Q q 0 0 0 rg BT 239.50 203.95 Td (ed fr) Tj ET Q q 0 0 0 rg BT 258.37 203.95 Td (om gr) Tj ET Q q 0 0 0 rg BT 281.92 203.95 Td (o) Tj ET Q q 0 0 0 rg BT 287.15 203.95 Td (w) Tj ET Q q 0 0 0 rg BT 294.32 203.95 Td (th in base r) Tj ET Q q 0 0 0 rg BT 339.54 203.95 Td (en) Tj ET Q q 0 0 0 rg BT 349.68 203.95 Td (t fr) Tj ET Q q 0 0 0 rg BT 361.67 203.95 Td (om t) Tj ET Q q 0 0 0 rg BT 380.43 203.95 Td (enan) Tj ET Q q 0 0 0 rg BT 400.61 203.95 Td (ts due t) Tj ET Q q 0 0 0 rg BT 431.13 203.95 Td (o incr) Tj ET Q q 0 0 0 rg BT 453.79 203.95 Td (eases in r) Tj ET Q q 0 0 0 rg BT 491.78 203.95 Td (en) Tj ET Q q 0 0 0 rg BT 501.92 203.95 Td (t) Tj ET Q q 0 0 0 rg BT 505.15 203.95 Td (al r) Tj ET Q q 0 0 0 rg BT 517.77 203.95 Td (a) Tj ET Q q 0 0 0 rg BT 522.47 203.95 Td (t) Tj ET Q q 0 0 0 rg BT 525.71 203.95 Td (es ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 191.95 Td (fr) Tj ET Q q 0 0 0 rg BT 60.38 191.95 Td (om s) Tj ET Q q 0 0 0 rg BT 79.70 191.95 Td (t) Tj ET Q q 0 0 0 rg BT 82.94 191.95 Td (ep-up) Tj ET Q q 0 0 0 rg BT 106.69 191.95 Td (s and lease r) Tj ET Q q 0 0 0 rg BT 156.98 191.95 Td (ene) Tj ET Q q 0 0 0 rg BT 172.14 191.95 Td (w) Tj ET Q q 0 0 0 rg BT 179.18 191.95 Td (als, as w) Tj ET Q q 0 0 0 rg BT 212.95 191.95 Td (ell as acquisitions and de) Tj ET Q q 0 0 0 rg BT 313.85 191.95 Td (v) Tj ET Q q 0 0 0 rg BT 318.27 191.95 Td (elopmen) Tj ET Q q 0 0 0 rg BT 354.19 191.95 Td (ts c) Tj ET Q q 0 0 0 rg BT 367.86 191.95 Td (oming on line, wher) Tj ET Q q 0 0 0 rg BT 448.73 191.95 Td (e a) Tj ET Q q 0 0 0 rg BT 460.59 191.95 Td (v) Tj ET Q q 0 0 0 rg BT 465.01 191.95 Td (er) Tj ET Q q 0 0 0 rg BT 473.27 191.95 Td (ag) Tj ET Q q 0 0 0 rg BT 482.68 191.95 Td (e r) Tj ET Q q 0 0 0 rg BT 493.27 191.95 Td (en) Tj ET Q q 0 0 0 rg BT 503.41 191.95 Td (t) Tj ET Q q 0 0 0 rg BT 506.64 191.95 Td (al r) Tj ET Q q 0 0 0 rg BT 519.26 191.95 Td (a) Tj ET Q q 0 0 0 rg BT 523.96 191.95 Td (t) Tj ET Q q 0 0 0 rg BT 527.20 191.95 Td (es ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 179.95 Td (and r) Tj ET Q q 0 0 0 rg BT 74.91 179.95 Td (ec) Tj ET Q q 0 0 0 rg BT 84.03 179.95 Td (o) Tj ET Q q 0 0 0 rg BT 89.26 179.95 Td (v) Tj ET Q q 0 0 0 rg BT 93.68 179.95 Td (er) Tj ET Q q 0 0 0 rg BT 102.19 179.95 Td (y t) Tj ET Q q 0 0 0 rg BT 112.22 179.95 Td (erms w) Tj ET Q q 0 0 0 rg BT 141.91 179.95 Td (er) Tj ET Q q 0 0 0 rg BT 150.24 179.95 Td (e higher than the r) Tj ET Q q 0 0 0 rg BT 225.81 179.95 Td (en) Tj ET Q q 0 0 0 rg BT 235.94 179.95 Td (t) Tj ET Q q 0 0 0 rg BT 239.17 179.95 Td (al r) Tj ET Q q 0 0 0 rg BT 251.80 179.95 Td (a) Tj ET Q q 0 0 0 rg BT 256.50 179.95 Td (t) Tj ET Q q 0 0 0 rg BT 259.74 179.95 Td (es and r) Tj ET Q q 0 0 0 rg BT 291.80 179.95 Td (ec) Tj ET Q q 0 0 0 rg BT 300.92 179.95 Td (o) Tj ET Q q 0 0 0 rg BT 306.15 179.95 Td (v) Tj ET Q q 0 0 0 rg BT 310.57 179.95 Td (er) Tj ET Q q 0 0 0 rg BT 319.08 179.95 Td (y t) Tj ET Q q 0 0 0 rg BT 329.11 179.95 Td (erms of disposed pr) Tj ET Q q 0 0 0 rg BT 409.28 179.95 Td (operties and closur) Tj ET Q q 0 0 0 rg BT 486.94 179.95 Td (es of spaces ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 167.95 Td (f) Tj ET Q q 0 0 0 rg BT 56.84 167.95 Td (or r) Tj ET Q q 0 0 0 rg BT 71.22 167.95 Td (ede) Tj ET Q q 0 0 0 rg BT 86.37 167.95 Td (v) Tj ET Q q 0 0 0 rg BT 90.79 167.95 Td (elopmen) Tj ET Q q 0 0 0 rg BT 126.71 167.95 Td (t. ) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (41) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 694.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.90 694.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.78 694.50 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.53 694.50 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.69 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.93 694.50 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.63 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.87 694.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.20 694.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.97 694.50 Td (t in ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.57 694.50 Td (t oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.96 694.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 259.66 694.50 Td (ting inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.22 694.50 Td (ome f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.56 694.50 Td (or the shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.25 694.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.95 694.50 Td (e portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.39 694.50 Td (olio is pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.87 694.50 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.89 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.13 694.50 Td (ed belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.38 694.50 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 684 m 432.5 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 670 m 432.5 670 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 684 m 495.5 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 670 m 495.5 670 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 684 m 558.5 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 670 m 558.5 670 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 656 m 432.5 656 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 656 m 495.5 656 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 656 m 558.5 656 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 539 m 558.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 539 m 432.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 526 m 432.5 526 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 539 m 495.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 526 m 495.5 526 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 539 m 558.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 526 m 558.5 526 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 461 m 558.5 461 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 461 m 432.5 461 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 461 m 495.5 461 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 461 m 558.5 461 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 448 m 432.5 448 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 448 m 495.5 448 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 448 m 558.5 448 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 435 m 432.5 435 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 435 m 495.5 435 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 435 m 558.5 435 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 422 m 432.5 422 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 422 m 495.5 422 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 422 m 558.5 422 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 409 m 432.5 409 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 394 m 432.5 394 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 409 m 495.5 409 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 394 m 495.5 394 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 409 m 558.5 409 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 394 m 558.5 394 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 448.65 674.50 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 660.50 Td (\(thousands of dollars, except other data\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 472.15 660.50 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.30 660.50 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 646.75 Td (Property rental revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 633.75 Td (Base r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.26 633.75 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.38 633.75 Td (t ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.43 638.04 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 435.00 633.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.70 633.75 Td (102,047) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.00 633.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.45 633.75 Td (98,809) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 620.75 Td (Operating cost recoveries) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.25 620.75 Td (26,589) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.45 620.75 Td (24,241) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 607.75 Td (Realty tax recoveries) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 463.25 607.75 Td (30,011) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.45 607.75 Td (28,975) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 594.75 Td (Straight-line rent) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 467.80 594.75 Td (1,752) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.05 594.75 Td (3,342) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 581.75 Td (Lease surrender fees) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 474.70 581.75 Td (415) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.85 581.75 Td (153) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 568.75 Td (Percentage rent) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 474.70 568.75 Td (233) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.85 568.75 Td (431) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 555.75 Td (Prior year operating cost and tax recovery adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.90 555.75 Td (\(711) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.40 555.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.40 555.75 Td (54) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 542.75 Td (Temporary tenants, storage, parking and other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.80 542.75 Td (3,705) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.05 542.75 Td (2,888) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 530.75 Td (Total property rental revenue) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 458.70 529.75 Td (164,041) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.90 529.75 Td (158,893) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 516.75 Td (Property operating costs) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 69.00 503.75 Td (Recoverable operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.25 503.75 Td (31,145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.45 503.75 Td (28,502) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 490.75 Td (Recoverable realty tax expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.25 490.75 Td (33,062) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.45 490.75 Td (31,811) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 477.75 Td (Prior year operating cost and tax expense adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.90 477.75 Td (\(403) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.40 477.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.65 477.75 Td (\(34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 477.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 464.75 Td (Other operating costs and adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.70 464.75 Td (864) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.85 464.75 Td (135) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 452.75 Td (Total property operating costs) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 463.25 451.75 Td (64,668) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.45 451.75 Td (60,414) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 439.75 Td (NOI) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 435.00 438.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.25 438.75 Td (99,373) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.00 438.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.45 438.75 Td (98,479) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 426.75 Td (NOI margin) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 472.30 426.75 Td (60.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.40 426.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 425.75 Td (62.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 425.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 413.75 Td (Operating cost recovery percentage) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 472.30 413.75 Td (85.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.40 413.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 412.75 Td (85.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 412.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 398.75 Td (Tax recovery percentage) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 472.30 398.75 Td (90.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.40 398.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 398.75 Td (91.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 398.75 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 386.44 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 383.10 Td (Base r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.31 383.10 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.41 383.10 Td (t includes annual minimum r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.55 383.10 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.64 383.10 Td (ts fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.77 383.10 Td (om gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.26 383.10 Td (oss and semi-gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.48 383.10 Td (oss leases.) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 365.10 Td (The chang) Tj ET Q q 0 0 0 rg BT 95.51 365.10 Td (e in the shopping cen) Tj ET Q q 0 0 0 rg BT 182.23 365.10 Td (tr) Tj ET Q q 0 0 0 rg BT 188.93 365.10 Td (e portf) Tj ET Q q 0 0 0 rg BT 216.37 365.10 Td (olio NOI mar) Tj ET Q q 0 0 0 rg BT 267.75 365.10 Td (gin is primarily driv) Tj ET Q q 0 0 0 rg BT 344.87 365.10 Td (en b) Tj ET Q q 0 0 0 rg BT 362.56 365.10 Td (y occupancy) Tj ET Q q 0 0 0 rg BT 411.68 365.10 Td (, oper) Tj ET Q q 0 0 0 rg BT 435.22 365.10 Td (a) Tj ET Q q 0 0 0 rg BT 439.91 365.10 Td (ting c) Tj ET Q q 0 0 0 rg BT 461.92 365.10 Td (os) Tj ET Q q 0 0 0 rg BT 471.00 365.10 Td (ts and t) Tj ET Q q 0 0 0 rg BT 501.30 365.10 Td (a) Tj ET Q q 0 0 0 rg BT 506.00 365.10 Td (x r) Tj ET Q q 0 0 0 rg BT 515.95 365.10 Td (ec) Tj ET Q q 0 0 0 rg BT 525.07 365.10 Td (o) Tj ET Q q 0 0 0 rg BT 530.30 365.10 Td (v) Tj ET Q q 0 0 0 rg BT 534.72 365.10 Td (er) Tj ET Q q 0 0 0 rg BT 543.23 365.10 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 353.10 Td (mar) Tj ET Q q 0 0 0 rg BT 70.13 353.10 Td (gins and base r) Tj ET Q q 0 0 0 rg BT 130.66 353.10 Td (en) Tj ET Q q 0 0 0 rg BT 140.80 353.10 Td (t gr) Tj ET Q q 0 0 0 rg BT 154.44 353.10 Td (o) Tj ET Q q 0 0 0 rg BT 159.67 353.10 Td (w) Tj ET Q q 0 0 0 rg BT 166.84 353.10 Td (th. The o) Tj ET Q q 0 0 0 rg BT 202.82 353.10 Td (v) Tj ET Q q 0 0 0 rg BT 207.24 353.10 Td (er) Tj ET Q q 0 0 0 rg BT 215.50 353.10 Td (all shopping cen) Tj ET Q q 0 0 0 rg BT 280.97 353.10 Td (tr) Tj ET Q q 0 0 0 rg BT 287.67 353.10 Td (e portf) Tj ET Q q 0 0 0 rg BT 315.11 353.10 Td (olio NOI mar) Tj ET Q q 0 0 0 rg BT 366.50 353.10 Td (gin has decr) Tj ET Q q 0 0 0 rg BT 415.04 353.10 Td (eased t) Tj ET Q q 0 0 0 rg BT 444.46 353.10 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.99 353.10 Td (60.6%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.87 353.10 Td ( fr) Tj ET Q q 0 0 0 rg BT 485.51 353.10 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 501.03 353.10 Td (62.0%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 525.91 353.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 341.10 Td (period o) Tj ET Q q 0 0 0 rg BT 88.03 341.10 Td (v) Tj ET Q q 0 0 0 rg BT 92.45 341.10 Td (er period due t) Tj ET Q q 0 0 0 rg BT 152.96 341.10 Td (o de) Tj ET Q q 0 0 0 rg BT 170.68 341.10 Td (v) Tj ET Q q 0 0 0 rg BT 175.10 341.10 Td (elopmen) Tj ET Q q 0 0 0 rg BT 211.02 341.10 Td (t and r) Tj ET Q q 0 0 0 rg BT 237.54 341.10 Td (ede) Tj ET Q q 0 0 0 rg BT 252.70 341.10 Td (v) Tj ET Q q 0 0 0 rg BT 257.12 341.10 Td (elopmen) Tj ET Q q 0 0 0 rg BT 293.04 341.10 Td (t activities, wher) Tj ET Q q 0 0 0 rg BT 360.15 341.10 Td (e mar) Tj ET Q q 0 0 0 rg BT 383.51 341.10 Td (gins will v) Tj ET Q q 0 0 0 rg BT 422.60 341.10 Td (ar) Tj ET Q q 0 0 0 rg BT 430.93 341.10 Td (y depending on the s) Tj ET Q q 0 0 0 rg BT 515.63 341.10 Td (t) Tj ET Q q 0 0 0 rg BT 518.85 341.10 Td (ag) Tj ET Q q 0 0 0 rg BT 528.27 341.10 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 329.10 Td (activity) Tj ET Q q 0 0 0 rg BT 82.64 329.10 Td (, and due t) Tj ET Q q 0 0 0 rg BT 125.95 329.10 Td (o acquisitions, wher) Tj ET Q q 0 0 0 rg BT 207.08 329.10 Td (e mar) Tj ET Q q 0 0 0 rg BT 230.45 329.10 Td (gins ar) Tj ET Q q 0 0 0 rg BT 257.02 329.10 Td (e impact) Tj ET Q q 0 0 0 rg BT 292.05 329.10 Td (ed b) Tj ET Q q 0 0 0 rg BT 309.75 329.10 Td (y the c) Tj ET Q q 0 0 0 rg BT 336.52 329.10 Td (ondition of acquir) Tj ET Q q 0 0 0 rg BT 408.79 329.10 Td (ed pr) Tj ET Q q 0 0 0 rg BT 429.86 329.10 Td (operties. E) Tj ET Q q 0 0 0 rg BT 472.81 329.10 Td (v) Tj ET Q q 0 0 0 rg BT 477.23 329.10 Td (en with the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 317.10 Td (incr) Tj ET Q q 0 0 0 rg BT 69.13 317.10 Td (ease in occupancy of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 155.74 317.10 Td (0.1%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.55 317.10 Td (, the same pr) Tj ET Q q 0 0 0 rg BT 228.65 317.10 Td (operty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.77 317.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 265.27 317.10 Td (s) Tj ET Q q 0 0 0 rg BT 269.07 317.10 Td (t) Tj ET Q q 0 0 0 rg BT 272.30 317.10 Td (able NOI mar) Tj ET Q q 0 0 0 rg BT 325.86 317.10 Td (gin has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.59 317.10 Td (decr) Tj ET Q q 0 0 0 rg BT 374.41 317.10 Td (eased) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.31 317.10 Td ( t) Tj ET Q q 0 0 0 rg BT 403.82 317.10 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 411.36 317.10 Td (62.2%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.24 317.10 Td ( fr) Tj ET Q q 0 0 0 rg BT 444.87 317.10 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.40 317.10 Td (63.8%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 485.27 317.10 Td ( as a) Tj ET Q q 0 0 0 rg BT 503.19 317.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 305.10 Td (Mar) Tj ET Q q 0 0 0 rg BT 70.68 305.10 Td (ch31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 117.59 305.10 Td ( primarily as a r) Tj ET Q q 0 0 0 rg BT 179.89 305.10 Td (esult of incr) Tj ET Q q 0 0 0 rg BT 227.66 305.10 Td (eased non-r) Tj ET Q q 0 0 0 rg BT 276.02 305.10 Td (ec) Tj ET Q q 0 0 0 rg BT 285.14 305.10 Td (o) Tj ET Q q 0 0 0 rg BT 290.37 305.10 Td (v) Tj ET Q q 0 0 0 rg BT 294.79 305.10 Td (er) Tj ET Q q 0 0 0 rg BT 303.05 305.10 Td (able c) Tj ET Q q 0 0 0 rg BT 326.77 305.10 Td (os) Tj ET Q q 0 0 0 rg BT 335.84 305.10 Td (ts. The s) Tj ET Q q 0 0 0 rg BT 369.05 305.10 Td (t) Tj ET Q q 0 0 0 rg BT 372.28 305.10 Td (able pr) Tj ET Q q 0 0 0 rg BT 400.43 305.10 Td (operties typic) Tj ET Q q 0 0 0 rg BT 455.78 305.10 Td (ally ha) Tj ET Q q 0 0 0 rg BT 481.83 305.10 Td (v) Tj ET Q q 0 0 0 rg BT 486.25 305.10 Td (e the highes) Tj ET Q q 0 0 0 rg BT 535.61 305.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 293.10 Td (NOI mar) Tj ET Q q 0 0 0 rg BT 87.98 293.10 Td (gins.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 275.10 Td (The oper) Tj ET Q q 0 0 0 rg BT 90.15 275.10 Td (a) Tj ET Q q 0 0 0 rg BT 94.84 275.10 Td (ting c) Tj ET Q q 0 0 0 rg BT 116.86 275.10 Td (os) Tj ET Q q 0 0 0 rg BT 125.93 275.10 Td (t and t) Tj ET Q q 0 0 0 rg BT 152.33 275.10 Td (a) Tj ET Q q 0 0 0 rg BT 157.02 275.10 Td (x r) Tj ET Q q 0 0 0 rg BT 166.97 275.10 Td (ec) Tj ET Q q 0 0 0 rg BT 176.09 275.10 Td (o) Tj ET Q q 0 0 0 rg BT 181.32 275.10 Td (v) Tj ET Q q 0 0 0 rg BT 185.74 275.10 Td (eries mar) Tj ET Q q 0 0 0 rg BT 223.77 275.10 Td (gin f) Tj ET Q q 0 0 0 rg BT 241.13 275.10 Td (or same pr) Tj ET Q q 0 0 0 rg BT 284.65 275.10 Td (operty s) Tj ET Q q 0 0 0 rg BT 324.82 275.10 Td (t) Tj ET Q q 0 0 0 rg BT 328.05 275.10 Td (able r) Tj ET Q q 0 0 0 rg BT 350.98 275.10 Td (emained c) Tj ET Q q 0 0 0 rg BT 392.92 275.10 Td (onsis) Tj ET Q q 0 0 0 rg BT 413.45 275.10 Td (t) Tj ET Q q 0 0 0 rg BT 416.69 275.10 Td (en) Tj ET Q q 0 0 0 rg BT 426.83 275.10 Td (t a) Tj ET Q q 0 0 0 rg BT 437.13 275.10 Td (t a c) Tj ET Q q 0 0 0 rg BT 453.94 275.10 Td (ombined r) Tj ET Q q 0 0 0 rg BT 495.78 275.10 Td (a) Tj ET Q q 0 0 0 rg BT 500.47 275.10 Td (t) Tj ET Q q 0 0 0 rg BT 503.72 275.10 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 521.54 275.10 Td (91.1%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 546.42 275.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 263.10 Td (f) Tj ET Q q 0 0 0 rg BT 56.84 263.10 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 83.70 263.10 Td (thr) Tj ET Q q 0 0 0 rg BT 95.66 263.10 Td (ee mon) Tj ET Q q 0 0 0 rg BT 126.29 263.10 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 185.72 263.10 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 232.63 263.10 Td ( and 2013. The o) Tj ET Q q 0 0 0 rg BT 302.36 263.10 Td (v) Tj ET Q q 0 0 0 rg BT 306.78 263.10 Td (er) Tj ET Q q 0 0 0 rg BT 315.04 263.10 Td (all shopping cen) Tj ET Q q 0 0 0 rg BT 380.51 263.10 Td (tr) Tj ET Q q 0 0 0 rg BT 387.21 263.10 Td (e portf) Tj ET Q q 0 0 0 rg BT 414.65 263.10 Td (olio oper) Tj ET Q q 0 0 0 rg BT 450.84 263.10 Td (a) Tj ET Q q 0 0 0 rg BT 455.53 263.10 Td (ting c) Tj ET Q q 0 0 0 rg BT 477.54 263.10 Td (os) Tj ET Q q 0 0 0 rg BT 486.62 263.10 Td (t and t) Tj ET Q q 0 0 0 rg BT 513.01 263.10 Td (a) Tj ET Q q 0 0 0 rg BT 517.71 263.10 Td (x ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 251.10 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 251.10 Td (ec) Tj ET Q q 0 0 0 rg BT 66.48 251.10 Td (o) Tj ET Q q 0 0 0 rg BT 71.71 251.10 Td (v) Tj ET Q q 0 0 0 rg BT 76.12 251.10 Td (eries mar) Tj ET Q q 0 0 0 rg BT 114.16 251.10 Td (gin also r) Tj ET Q q 0 0 0 rg BT 150.56 251.10 Td (emained c) Tj ET Q q 0 0 0 rg BT 192.50 251.10 Td (onsis) Tj ET Q q 0 0 0 rg BT 213.03 251.10 Td (t) Tj ET Q q 0 0 0 rg BT 216.27 251.10 Td (en) Tj ET Q q 0 0 0 rg BT 226.41 251.10 Td (t a) Tj ET Q q 0 0 0 rg BT 236.71 251.10 Td (t a c) Tj ET Q q 0 0 0 rg BT 253.52 251.10 Td (ombined r) Tj ET Q q 0 0 0 rg BT 295.36 251.10 Td (a) Tj ET Q q 0 0 0 rg BT 300.05 251.10 Td (t) Tj ET Q q 0 0 0 rg BT 303.30 251.10 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 321.12 251.10 Td (88.2%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 346.00 251.10 Td ( period o) Tj ET Q q 0 0 0 rg BT 382.29 251.10 Td (v) Tj ET Q q 0 0 0 rg BT 386.71 251.10 Td (er period.) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (42) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 694.50 Td (The f) Tj ET Q q 0 0 0 rg BT 74.21 694.50 Td (ollo) Tj ET Q q 0 0 0 rg BT 89.30 694.50 Td (wing t) Tj ET Q q 0 0 0 rg BT 114.20 694.50 Td (able summariz) Tj ET Q q 0 0 0 rg BT 173.21 694.50 Td (es the Compan) Tj ET Q q 0 0 0 rg BT 233.90 694.50 Td (y's NOI mar) Tj ET Q q 0 0 0 rg BT 280.79 694.50 Td (gin, oper) Tj ET Q q 0 0 0 rg BT 316.59 694.50 Td (a) Tj ET Q q 0 0 0 rg BT 321.29 694.50 Td (ting c) Tj ET Q q 0 0 0 rg BT 343.30 694.50 Td (os) Tj ET Q q 0 0 0 rg BT 352.37 694.50 Td (ts and t) Tj ET Q q 0 0 0 rg BT 382.68 694.50 Td (a) Tj ET Q q 0 0 0 rg BT 387.37 694.50 Td (x r) Tj ET Q q 0 0 0 rg BT 397.32 694.50 Td (ec) Tj ET Q q 0 0 0 rg BT 406.44 694.50 Td (o) Tj ET Q q 0 0 0 rg BT 411.67 694.50 Td (v) Tj ET Q q 0 0 0 rg BT 416.09 694.50 Td (eries mar) Tj ET Q q 0 0 0 rg BT 454.12 694.50 Td (gin, and occupancy b) Tj ET Q q 0 0 0 rg BT 539.20 694.50 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 682.50 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 682.50 Td (operty c) Tj ET Q q 0 0 0 rg BT 95.85 682.50 Td (a) Tj ET Q q 0 0 0 rg BT 100.55 682.50 Td (t) Tj ET Q q 0 0 0 rg BT 103.79 682.50 Td (eg) Tj ET Q q 0 0 0 rg BT 113.40 682.50 Td (or) Tj ET Q q 0 0 0 rg BT 122.21 682.50 Td (y:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 672 m 226.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 652 m 226.5 652 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 672 m 283.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226.5 652 m 283.5 652 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 672 m 340.5 652 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 672 m 340.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 283.5 652 m 340.5 652 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 672 m 395.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 652 m 395.5 652 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 672 m 454.5 652 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 672 m 454.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 652 m 454.5 652 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 672 m 501.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 652 m 501.5 652 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 672 m 549.5 672 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 652 m 549.5 652 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 639 m 226.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226.5 639 m 283.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 652 m 340.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 283.5 639 m 340.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 652 m 395.5 652 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 639 m 395.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 652 m 454.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 652 m 454.5 652 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 639 m 454.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 639 m 501.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 639 m 549.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 626 m 226.5 626 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226.5 639 m 283.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226.5 626 m 283.5 626 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 639 m 340.5 626 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 283.5 639 m 340.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 283.5 626 m 340.5 626 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 639 m 395.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 626 m 395.5 626 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 639 m 454.5 626 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 639 m 454.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 626 m 454.5 626 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 639 m 501.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 626 m 501.5 626 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 639 m 549.5 639 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 626 m 549.5 626 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 626 m 340.5 613 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 626 m 454.5 613 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 626 m 501.5 626 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 626 m 549.5 626 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 613 m 340.5 591 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 613 m 454.5 591 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 591 m 226.5 591 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 578 m 226.5 578 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226.5 591 m 283.5 591 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226.5 578 m 283.5 578 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 591 m 340.5 578 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 283.5 591 m 340.5 591 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 283.5 578 m 340.5 578 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 591 m 395.5 591 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 578 m 395.5 578 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 591 m 454.5 578 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 591 m 454.5 591 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 578 m 454.5 578 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 591 m 501.5 591 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 578 m 501.5 578 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 591 m 549.5 591 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 578 m 549.5 578 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 578 m 340.5 565 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 578 m 454.5 565 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 565 m 340.5 552 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 565 m 454.5 552 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 552 m 340.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 552 m 454.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 539 m 340.5 525 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 539 m 454.5 525 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 525 m 340.5 502 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 525 m 454.5 502 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 502 m 340.5 489 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 502 m 454.5 489 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 489 m 226.5 489 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 474 m 226.5 474 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226.5 489 m 283.5 489 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 474 m 283.5 474 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 489 m 340.5 474 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 283.5 489 m 340.5 489 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 474 m 340.5 474 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 489 m 395.5 489 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 474 m 395.5 474 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 489 m 454.5 474 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 395.5 489 m 454.5 489 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 474 m 454.5 474 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 489 m 501.5 489 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 474 m 501.5 474 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 489 m 549.5 489 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 474 m 549.5 474 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 261.25 656.50 Td (NOI Margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.60 663.50 Td (Operating Cost and Tax) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.05 655.50 Td (Recoveries Margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.45 656.50 Td (% Occupied) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.65 643.50 Td (Three months ended March 31) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 350.65 643.50 Td (Three months ended March 31) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.30 643.50 Td (As at March 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.75 630.50 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 320.75 630.50 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.75 630.50 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.75 630.50 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.75 630.50 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.75 630.50 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 616.75 Td (Same property stable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.30 616.75 Td (62.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.40 616.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.55 616.75 Td (63.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.55 616.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.30 616.75 Td (91.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.40 616.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.55 616.75 Td (91.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.55 616.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.30 616.75 Td (96.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.40 616.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.55 616.75 Td (96.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.55 616.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 603.75 Td (Same property with incremental) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 594.75 Td (redevelopment and expansion) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.30 595.75 Td (60.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.40 595.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.55 595.75 Td (61.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.55 595.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.30 595.75 Td (89.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.40 595.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.55 595.75 Td (89.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.55 595.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.30 595.75 Td (94.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.40 595.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.55 595.75 Td (95.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.55 595.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 581.75 Td (Total same property) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.30 581.75 Td (61.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.40 581.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.55 581.75 Td (63.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.55 581.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.30 581.75 Td (90.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.40 581.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.55 581.75 Td (90.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.55 581.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.30 581.75 Td (96.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.40 581.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.55 581.75 Td (96.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.55 581.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 568.75 Td (Major redevelopment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.30 568.75 Td (53.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.40 568.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.55 568.75 Td (55.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.55 568.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.30 568.75 Td (78.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.40 568.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.55 568.75 Td (81.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.55 568.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.30 568.75 Td (91.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.40 568.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.55 568.75 Td (91.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.55 568.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 555.75 Td (Ground-up development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.30 555.75 Td (56.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.40 555.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.55 555.75 Td (62.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.55 555.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.30 555.75 Td (86.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.40 555.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.55 555.75 Td (91.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.55 555.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.30 555.75 Td (98.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.40 555.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.55 555.75 Td (95.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.55 555.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 542.75 Td (Acquisitions 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.30 542.75 Td (71.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.40 542.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.40 542.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.55 542.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.30 542.75 Td (96.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.40 542.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.40 542.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.55 542.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.30 542.75 Td (93.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.40 542.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.40 542.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.55 542.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 529.75 Td (Acquisitions 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.30 529.75 Td (60.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.40 529.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.55 529.75 Td (64.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.55 529.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.30 529.75 Td (86.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.40 529.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.55 529.75 Td (64.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.55 529.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.30 529.75 Td (93.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.40 529.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.55 529.75 Td (93.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.55 529.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 515.75 Td (In) Tj ET Q q 0 0 0 rg BT 63.85 515.75 Td (v) Tj ET Q q 0 0 0 rg BT 67.82 515.75 Td (es) Tj ET Q q 0 0 0 rg BT 75.72 515.75 Td (tmen) Tj ET Q q 0 0 0 rg BT 95.05 515.75 Td (t pr) Tj ET Q q 0 0 0 rg BT 107.82 515.75 Td (operties classified as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 506.75 Td (held f) Tj ET Q q 0 0 0 rg BT 86.59 506.75 Td (or sale) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.30 506.75 Td (63.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.40 506.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.55 506.75 Td (59.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.55 506.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.30 506.75 Td (85.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.40 506.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.55 506.75 Td (83.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.55 506.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.30 506.75 Td (92.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.40 506.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.55 506.75 Td (90.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.55 506.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 492.75 Td (Dispositions and other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 268.25 492.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.40 492.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.40 492.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.55 492.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.30 492.75 Td (84.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.40 492.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.55 492.75 Td (79.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.55 492.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.25 492.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.40 492.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.55 492.75 Td (95.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.55 492.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.30 478.75 Td (60.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.40 478.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.55 478.75 Td (62.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.55 478.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.30 478.75 Td (88.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.40 478.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.55 478.75 Td (88.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.55 478.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.30 478.75 Td (95.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.40 478.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.55 478.75 Td (95.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.55 478.75 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 456.50 Td (Same pr) Tj ET Q q 0 0 0 rg BT 87.19 456.50 Td (operty s) Tj ET Q q 0 0 0 rg BT 127.35 456.50 Td (t) Tj ET Q q 0 0 0 rg BT 130.58 456.50 Td (able NOI ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 168.01 456.50 Td (incr) Tj ET Q q 0 0 0 rg BT 183.15 456.50 Td (eased) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 207.05 456.50 Td ( b) Tj ET Q q 0 0 0 rg BT 214.52 456.50 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 221.30 456.50 Td (1.2%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 241.11 456.50 Td ( f) Tj ET Q q 0 0 0 rg BT 246.22 456.50 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.08 456.50 Td (thr) Tj ET Q q 0 0 0 rg BT 285.04 456.50 Td (ee mon) Tj ET Q q 0 0 0 rg BT 315.67 456.50 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 375.10 456.50 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 422.01 456.50 Td ( c) Tj ET Q q 0 0 0 rg BT 428.41 456.50 Td (ompar) Tj ET Q q 0 0 0 rg BT 455.07 456.50 Td (ed t) Tj ET Q q 0 0 0 rg BT 470.82 456.50 Td (o the same prior ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 444.50 Td (y) Tj ET Q q 0 0 0 rg BT 58.40 444.50 Td (ear period, primarily a) Tj ET Q q 0 0 0 rg BT 148.58 444.50 Td (t) Tj ET Q q 0 0 0 rg BT 151.79 444.50 Td (tribut) Tj ET Q q 0 0 0 rg BT 174.67 444.50 Td (ed t) Tj ET Q q 0 0 0 rg BT 190.42 444.50 Td (o incr) Tj ET Q q 0 0 0 rg BT 213.08 444.50 Td (eases in r) Tj ET Q q 0 0 0 rg BT 251.07 444.50 Td (en) Tj ET Q q 0 0 0 rg BT 261.21 444.50 Td (t) Tj ET Q q 0 0 0 rg BT 264.43 444.50 Td (al r) Tj ET Q q 0 0 0 rg BT 277.06 444.50 Td (a) Tj ET Q q 0 0 0 rg BT 281.76 444.50 Td (t) Tj ET Q q 0 0 0 rg BT 285.00 444.50 Td (es due t) Tj ET Q q 0 0 0 rg BT 317.14 444.50 Td (o s) Tj ET Q q 0 0 0 rg BT 328.48 444.50 Td (t) Tj ET Q q 0 0 0 rg BT 331.72 444.50 Td (ep-up) Tj ET Q q 0 0 0 rg BT 355.47 444.50 Td (s, lease r) Tj ET Q q 0 0 0 rg BT 390.70 444.50 Td (ene) Tj ET Q q 0 0 0 rg BT 405.86 444.50 Td (w) Tj ET Q q 0 0 0 rg BT 412.89 444.50 Td (als, and t) Tj ET Q q 0 0 0 rg BT 449.44 444.50 Td (enan) Tj ET Q q 0 0 0 rg BT 469.63 444.50 Td (t openings with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 432.50 Td (higher r) Tj ET Q q 0 0 0 rg BT 85.59 432.50 Td (en) Tj ET Q q 0 0 0 rg BT 95.72 432.50 Td (t) Tj ET Q q 0 0 0 rg BT 98.95 432.50 Td (al r) Tj ET Q q 0 0 0 rg BT 111.58 432.50 Td (a) Tj ET Q q 0 0 0 rg BT 116.28 432.50 Td (t) Tj ET Q q 0 0 0 rg BT 119.52 432.50 Td (es than the r) Tj ET Q q 0 0 0 rg BT 170.77 432.50 Td (en) Tj ET Q q 0 0 0 rg BT 180.90 432.50 Td (t) Tj ET Q q 0 0 0 rg BT 184.13 432.50 Td (al r) Tj ET Q q 0 0 0 rg BT 196.76 432.50 Td (a) Tj ET Q q 0 0 0 rg BT 201.46 432.50 Td (t) Tj ET Q q 0 0 0 rg BT 204.70 432.50 Td (es on t) Tj ET Q q 0 0 0 rg BT 231.88 432.50 Td (enan) Tj ET Q q 0 0 0 rg BT 252.06 432.50 Td (t closur) Tj ET Q q 0 0 0 rg BT 281.98 432.50 Td (es. Additionally oper) Tj ET Q q 0 0 0 rg BT 365.37 432.50 Td (a) Tj ET Q q 0 0 0 rg BT 370.06 432.50 Td (ting c) Tj ET Q q 0 0 0 rg BT 392.08 432.50 Td (os) Tj ET Q q 0 0 0 rg BT 401.15 432.50 Td (t and r) Tj ET Q q 0 0 0 rg BT 427.67 432.50 Td (ealty t) Tj ET Q q 0 0 0 rg BT 453.10 432.50 Td (a) Tj ET Q q 0 0 0 rg BT 457.79 432.50 Td (x r) Tj ET Q q 0 0 0 rg BT 467.74 432.50 Td (ec) Tj ET Q q 0 0 0 rg BT 476.86 432.50 Td (o) Tj ET Q q 0 0 0 rg BT 482.09 432.50 Td (v) Tj ET Q q 0 0 0 rg BT 486.51 432.50 Td (eries mar) Tj ET Q q 0 0 0 rg BT 524.54 432.50 Td (gin ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 420.50 Td (on a c) Tj ET Q q 0 0 0 rg BT 77.98 420.50 Td (ombined basis f) Tj ET Q q 0 0 0 rg BT 141.80 420.50 Td (or same pr) Tj ET Q q 0 0 0 rg BT 185.33 420.50 Td (operty s) Tj ET Q q 0 0 0 rg BT 225.49 420.50 Td (t) Tj ET Q q 0 0 0 rg BT 228.72 420.50 Td (able, r) Tj ET Q q 0 0 0 rg BT 254.15 420.50 Td (emained unchang) Tj ET Q q 0 0 0 rg BT 326.60 420.50 Td (ed a) Tj ET Q q 0 0 0 rg BT 343.79 420.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 349.40 420.50 Td (91.1%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.27 420.50 Td (. The NOI mar) Tj ET Q q 0 0 0 rg BT 430.41 420.50 Td (gin has decr) Tj ET Q q 0 0 0 rg BT 478.95 420.50 Td (eased due t) Tj ET Q q 0 0 0 rg BT 526.11 420.50 Td (o an ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 408.50 Td (incr) Tj ET Q q 0 0 0 rg BT 69.13 408.50 Td (ease in other non-r) Tj ET Q q 0 0 0 rg BT 146.65 408.50 Td (ec) Tj ET Q q 0 0 0 rg BT 155.77 408.50 Td (o) Tj ET Q q 0 0 0 rg BT 161.00 408.50 Td (v) Tj ET Q q 0 0 0 rg BT 165.42 408.50 Td (er) Tj ET Q q 0 0 0 rg BT 173.68 408.50 Td (able oper) Tj ET Q q 0 0 0 rg BT 212.04 408.50 Td (a) Tj ET Q q 0 0 0 rg BT 216.73 408.50 Td (ting c) Tj ET Q q 0 0 0 rg BT 238.75 408.50 Td (os) Tj ET Q q 0 0 0 rg BT 247.82 408.50 Td (ts and prior y) Tj ET Q q 0 0 0 rg BT 301.36 408.50 Td (ear oper) Tj ET Q q 0 0 0 rg BT 335.66 408.50 Td (a) Tj ET Q q 0 0 0 rg BT 340.35 408.50 Td (ting c) Tj ET Q q 0 0 0 rg BT 362.36 408.50 Td (os) Tj ET Q q 0 0 0 rg BT 371.44 408.50 Td (ts and t) Tj ET Q q 0 0 0 rg BT 401.74 408.50 Td (a) Tj ET Q q 0 0 0 rg BT 406.44 408.50 Td (x r) Tj ET Q q 0 0 0 rg BT 416.39 408.50 Td (ec) Tj ET Q q 0 0 0 rg BT 425.51 408.50 Td (o) Tj ET Q q 0 0 0 rg BT 430.74 408.50 Td (v) Tj ET Q q 0 0 0 rg BT 435.16 408.50 Td (er) Tj ET Q q 0 0 0 rg BT 443.67 408.50 Td (y adjus) Tj ET Q q 0 0 0 rg BT 471.94 408.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 493.42 408.50 Td (ts. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 390.50 Td (The f) Tj ET Q q 0 0 0 rg BT 74.21 390.50 Td (ollo) Tj ET Q q 0 0 0 rg BT 89.30 390.50 Td (wing t) Tj ET Q q 0 0 0 rg BT 114.20 390.50 Td (able summariz) Tj ET Q q 0 0 0 rg BT 173.21 390.50 Td (es the Compan) Tj ET Q q 0 0 0 rg BT 233.90 390.50 Td (y's pr) Tj ET Q q 0 0 0 rg BT 255.39 390.50 Td (oportiona) Tj ET Q q 0 0 0 rg BT 295.54 390.50 Td (t) Tj ET Q q 0 0 0 rg BT 298.79 390.50 Td (e in) Tj ET Q q 0 0 0 rg BT 313.48 390.50 Td (t) Tj ET Q q 0 0 0 rg BT 316.72 390.50 Td (er) Tj ET Q q 0 0 0 rg BT 325.05 390.50 Td (es) Tj ET Q q 0 0 0 rg BT 333.82 390.50 Td (t in NOI b) Tj ET Q q 0 0 0 rg BT 372.31 390.50 Td (y pr) Tj ET Q q 0 0 0 rg BT 387.67 390.50 Td (operty c) Tj ET Q q 0 0 0 rg BT 420.94 390.50 Td (a) Tj ET Q q 0 0 0 rg BT 425.64 390.50 Td (t) Tj ET Q q 0 0 0 rg BT 428.88 390.50 Td (eg) Tj ET Q q 0 0 0 rg BT 438.50 390.50 Td (oriz) Tj ET Q q 0 0 0 rg BT 453.34 390.50 Td (a) Tj ET Q q 0 0 0 rg BT 458.03 390.50 Td (tion:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 380 m 396.5 380 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 380 m 442.5 380 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 380 m 495.5 380 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 380 m 549.5 380 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 367 m 396.5 367 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 367 m 442.5 367 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 442.5 367 m 495.5 367 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 367 m 549.5 367 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 354 m 396.5 354 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 354 m 442.5 354 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 442.5 354 m 495.5 354 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 354 m 549.5 354 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 328 m 396.5 328 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 315 m 396.5 315 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 328 m 442.5 328 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 315 m 442.5 315 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 442.5 328 m 495.5 328 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 442.5 315 m 495.5 315 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 328 m 549.5 328 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 315 m 549.5 315 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 198 m 396.5 198 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 183 m 396.5 183 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 198 m 442.5 198 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 183 m 442.5 183 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 442.5 198 m 495.5 198 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 183 m 495.5 183 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 198 m 549.5 198 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 183 m 549.5 183 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.65 371.50 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 358.50 Td (\(thousands of dollars, except for percentages\)) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 404.40 358.50 Td (% increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.75 358.50 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.75 358.50 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 344.75 Td (Same property stable NOI) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.15 344.75 Td (1.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.55 344.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.00 344.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.00 344.75 Td (57,987) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.00 344.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.15 344.75 Td (57,314) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 331.75 Td (Same property with incremental redevelopment and expansion NOI) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.15 331.75 Td (7.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.55 331.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.00 331.75 Td (17,448) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.15 331.75 Td (16,309) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 319.75 Td (Total same property) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 424.15 318.75 Td (2.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.55 318.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.00 318.75 Td (75,435) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.15 318.75 Td (73,623) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 305.75 Td (Major redevelopment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.00 305.75 Td (11,677) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.15 305.75 Td (11,835) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 292.75 Td (Ground-up development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.55 292.75 Td (3,225) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.75 292.75 Td (2,326) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 279.75 Td (Acquisitions 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.45 279.75 Td (263) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.10 279.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 266.75 Td (Acquisitions 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.55 266.75 Td (2,451) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.55 266.75 Td (566) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 253.75 Td (Investment properties classified as held for sale) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.55 253.75 Td (4,121) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.75 253.75 Td (3,152) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 240.75 Td (Dispositions 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 240.75 Td (58) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.10 240.75 Td (56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 227.75 Td (Dispositions 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.00 227.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.75 227.75 Td (3,381) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 214.75 Td (Rental revenue recognized on a straight-line basis) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.55 214.75 Td (1,756) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.75 214.75 Td (3,342) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 201.75 Td (Development land) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 478.45 201.75 Td (387) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.55 201.75 Td (198) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 187.75 Td (NOI) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 445.00 187.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.00 187.75 Td (99,373) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.00 187.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.15 187.75 Td (98,479) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 165.50 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.46 165.50 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.32 165.50 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.28 165.50 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.91 165.50 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.34 165.50 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.25 165.50 Td (, each r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.87 165.50 Td (egion e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.46 165.50 Td (xperienced gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.78 165.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.01 165.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 361.18 165.50 Td (th in base r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.40 165.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.54 165.50 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.06 165.50 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.18 165.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.41 165.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.83 165.50 Td (eries fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.11 165.50 Td (om t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.88 165.50 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.06 165.50 Td (ts ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 153.50 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 153.50 Td (esulting fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.03 153.50 Td (om an incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.99 153.50 Td (ease in r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.07 153.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.21 153.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.43 153.50 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.06 153.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.76 153.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.00 153.50 Td (es due t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.14 153.50 Td (o s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.48 153.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.72 153.50 Td (ep-up) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.47 153.50 Td (s and lease r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.76 153.50 Td (ene) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.92 153.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.95 153.50 Td (als, in addition t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.79 153.50 Td (o ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.50 153.50 Td (t acquisitions and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 141.50 Td (de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.18 141.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.60 141.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.52 141.50 Td (ts c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.19 141.50 Td (oming on line, with a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.26 141.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.68 141.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.94 141.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.35 141.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.94 141.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.08 141.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.31 141.50 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.93 141.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.63 141.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.87 141.50 Td (es and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.93 141.50 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.06 141.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.29 141.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.70 141.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.21 141.50 Td (y t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.24 141.50 Td (erms in e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.50 141.50 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.61 141.50 Td (cess of the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.67 141.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.81 141.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.04 141.50 Td (al r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.67 141.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.36 141.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.60 141.50 Td (es and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.67 141.50 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.79 141.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.02 141.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.43 141.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 522.95 141.50 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 129.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.24 129.50 Td (erms of disposed pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.42 129.50 Td (operties and closur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.07 129.50 Td (es of spaces f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.98 129.50 Td (or r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.36 129.50 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.51 129.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.93 129.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.85 129.50 Td (t.) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (43) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (The shopping cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.19 694.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.90 694.50 Td (e portf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.34 694.50 Td (olio NOI b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.80 694.50 Td (y segmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.30 694.50 Td (t a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.61 694.50 Td (t the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.77 694.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.59 694.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.48 694.50 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.23 694.50 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.39 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.63 694.50 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.32 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.56 694.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.89 694.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.67 694.50 Td (t is as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.55 694.50 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.65 694.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.71 694.50 Td (s: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 684 m 205.5 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 684 m 264.5 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 684 m 323.5 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 684 m 381.5 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 684 m 440.5 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 684 m 499.5 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 684 m 558.5 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 655 m 205.5 655 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 655 m 264.5 655 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 655 m 323.5 655 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 655 m 381.5 655 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 655 m 440.5 655 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 655 m 499.5 655 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 655 m 558.5 655 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 655 m 264.5 655 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 655 m 323.5 655 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 655 m 381.5 655 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 655 m 440.5 655 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 655 m 499.5 655 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 627 m 264.5 627 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 627 m 323.5 627 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 627 m 381.5 627 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 627 m 440.5 627 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 627 m 499.5 627 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 627 m 205.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 612 m 205.5 612 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 627 m 264.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 612 m 264.5 612 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 627 m 323.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 612 m 323.5 612 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 627 m 381.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 612 m 381.5 612 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 627 m 440.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 612 m 440.5 612 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 627 m 499.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 612 m 499.5 612 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 627 m 558.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 612 m 558.5 612 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 674.50 Td (Three months ended March 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.15 667.50 Td (Cen) Tj ET Q q 0 0 0 rg BT 249.63 667.50 Td (tr) Tj ET Q q 0 0 0 rg BT 255.07 667.50 Td (al ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.20 659.50 Td (R) Tj ET Q q 0 0 0 rg BT 242.59 659.50 Td (egion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.30 667.50 Td (E) Tj ET Q q 0 0 0 rg BT 299.10 667.50 Td (as) Tj ET Q q 0 0 0 rg BT 306.15 667.50 Td (t) Tj ET Q q 0 0 0 rg BT 308.82 667.50 Td (ern ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.20 659.50 Td (R) Tj ET Q q 0 0 0 rg BT 301.59 659.50 Td (egion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.05 667.50 Td (Western) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.20 659.50 Td (Region) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.05 659.50 Td (Subtotal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.75 659.50 Td (Other) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 490.10 663.31 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.80 659.50 Td (Total) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 659.50 Td (\(thousands of dollars\)) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 646.75 Td (Property rental revenue) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 208.00 645.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.00 645.75 Td (70,081) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 267.00 645.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 295.00 645.75 Td (43,046) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 326.00 645.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 645.75 Td (51,061) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.00 645.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.45 645.75 Td (164,188) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 645.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.65 645.75 Td (\(147) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.15 645.75 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 645.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.45 645.75 Td (164,041) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 631.75 Td (Property operating costs) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 236.00 631.75 Td (27,776) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 295.00 631.75 Td (19,128) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 631.75 Td (17,548) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 631.75 Td (64,452) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.45 631.75 Td (216) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.00 631.75 Td (64,668) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 616.75 Td (Net operating income) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 208.00 616.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.00 616.75 Td (42,305) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 267.00 616.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 295.00 616.75 Td (23,918) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 326.00 616.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 616.75 Td (33,513) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.00 616.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 616.75 Td (99,736) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 616.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.65 616.75 Td (\(363) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.15 616.75 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 616.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.00 616.75 Td (99,373) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 596 m 205.5 596 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 596 m 264.5 596 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 596 m 323.5 596 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 596 m 381.5 596 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 596 m 440.5 596 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 596 m 499.5 596 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 596 m 558.5 596 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 567 m 205.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 567 m 264.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 567 m 323.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 567 m 381.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 567 m 440.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 567 m 499.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 567 m 558.5 567 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 539 m 264.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 539 m 323.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 539 m 381.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 539 m 440.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 539 m 499.5 539 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 539 m 205.5 539 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 524 m 205.5 524 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 539 m 264.5 539 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 524 m 264.5 524 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 539 m 323.5 539 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 524 m 323.5 524 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 539 m 381.5 539 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 524 m 381.5 524 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 539 m 440.5 539 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 524 m 440.5 524 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 539 m 499.5 539 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 524 m 499.5 524 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 539 m 558.5 539 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 524 m 558.5 524 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 586.50 Td (Three months ended March 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.65 579.50 Td (Cen) Tj ET Q q 0 0 0 rg BT 250.03 579.50 Td (tr) Tj ET Q q 0 0 0 rg BT 255.33 579.50 Td (al ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 238.75 571.50 Td (R) Tj ET Q q 0 0 0 rg BT 242.95 571.50 Td (egion) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.75 579.50 Td (E) Tj ET Q q 0 0 0 rg BT 299.52 579.50 Td (as) Tj ET Q q 0 0 0 rg BT 306.39 579.50 Td (t) Tj ET Q q 0 0 0 rg BT 308.99 579.50 Td (ern ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.75 571.50 Td (R) Tj ET Q q 0 0 0 rg BT 301.95 571.50 Td (egion) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 350.55 579.50 Td (Western) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.75 571.50 Td (Region) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.85 571.50 Td (Subtotal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.25 571.50 Td (Other) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 490.20 575.31 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.30 571.50 Td (Total) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 571.50 Td (\(thousands of dollars\)) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 556.75 Td (Property rental revenue) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 208.00 557.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 236.15 557.75 Td (67,948) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 267.00 557.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.15 557.75 Td (41,594) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.00 557.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.15 557.75 Td (49,676) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.00 557.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.60 557.75 Td (159,218) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.00 557.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.80 557.75 Td (\(325) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.25 557.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.00 557.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.60 557.75 Td (158,893) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 543.75 Td (Property operating costs) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 236.15 543.75 Td (26,559) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.15 543.75 Td (17,842) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.15 543.75 Td (16,654) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.15 543.75 Td (61,055) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.80 543.75 Td (\(641) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.25 543.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 543.75 Td (60,414) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 528.75 Td (Net operating income) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 208.00 528.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 236.15 528.75 Td (41,389) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 267.00 528.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.15 528.75 Td (23,752) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.00 528.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.15 528.75 Td (33,022) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.00 528.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.15 528.75 Td (98,163) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.00 528.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.55 528.75 Td (316) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.00 528.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 528.75 Td (98,479) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 515.84 Td (\(1\)) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.06 512.50 Td ( ) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 512.50 Td (Other it) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.04 512.50 Td (ems ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.14 512.50 Td (e principally oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.31 512.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.60 512.50 Td (ting c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.01 512.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.36 512.50 Td (ts and adjus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.36 512.50 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.39 512.50 Td (ts tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.37 512.50 Td (t ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.99 512.50 Td (e not a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.64 512.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.89 512.50 Td (tribut) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.90 512.50 Td (able t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.88 512.50 Td (o a r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.43 512.50 Td (egion.) Tj ET Q BT /F2 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 490.30 Td (In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.73 490.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.41 490.30 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.74 490.30 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.54 490.30 Td (t and Other Inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.04 490.30 Td (ome) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 475.30 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 475.30 Td (y's in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.43 475.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.67 475.30 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.00 475.30 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.78 475.30 Td (t and other inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.24 475.30 Td (ome is as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.01 475.30 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.11 475.30 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.17 475.30 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 464.8 m 430.5 464.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 464.8 m 494.5 464.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 464.8 m 558.5 464.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 451.8 m 430.5 451.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 438.8 m 430.5 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 451.8 m 494.5 451.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 438.8 m 494.5 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 451.8 m 558.5 451.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 438.8 m 558.5 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 438.8 m 494.5 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 438.8 m 558.5 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 412.8 m 430.5 412.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 397.8 m 430.5 397.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 430.5 412.8 m 494.5 412.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 397.8 m 494.5 397.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 412.8 m 558.5 412.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 397.8 m 558.5 397.8 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.65 456.30 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 443.30 Td (\(thousands of dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.75 443.30 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 443.30 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 429.55 Td (Interest, dividend and distribution income from marketable securities and cash investments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.00 429.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.45 429.55 Td (859) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.00 429.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 429.55 Td (619) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 416.55 Td (Interest income from mortgages and loans receivable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.55 416.55 Td (1,751) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 416.55 Td (688) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.00 402.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.55 402.55 Td (2,610) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.00 402.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 402.55 Td (1,307) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 380.30 Td (The incr) Tj ET Q q 0 0 0 rg BT 86.50 380.30 Td (ease in in) Tj ET Q q 0 0 0 rg BT 124.67 380.30 Td (t) Tj ET Q q 0 0 0 rg BT 127.92 380.30 Td (er) Tj ET Q q 0 0 0 rg BT 136.25 380.30 Td (es) Tj ET Q q 0 0 0 rg BT 145.02 380.30 Td (t and other inc) Tj ET Q q 0 0 0 rg BT 204.48 380.30 Td (ome is primarily due t) Tj ET Q q 0 0 0 rg BT 293.12 380.30 Td (o an incr) Tj ET Q q 0 0 0 rg BT 328.09 380.30 Td (ease in mortg) Tj ET Q q 0 0 0 rg BT 383.43 380.30 Td (ag) Tj ET Q q 0 0 0 rg BT 392.85 380.30 Td (es and loans r) Tj ET Q q 0 0 0 rg BT 448.69 380.30 Td (eceiv) Tj ET Q q 0 0 0 rg BT 469.54 380.30 Td (able and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 368.30 Td (mark) Tj ET Q q 0 0 0 rg BT 74.49 368.30 Td (e) Tj ET Q q 0 0 0 rg BT 79.41 368.30 Td (t) Tj ET Q q 0 0 0 rg BT 82.64 368.30 Td (able securities balances .) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 346.10 Td (In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.73 346.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.41 346.10 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.74 346.10 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.54 346.10 Td (t Expense) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 331.10 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 331.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.90 331.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.78 331.10 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.53 331.10 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.69 331.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.93 331.10 Td (e shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.48 331.10 Td (e of in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.76 331.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.00 331.10 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.33 331.10 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.10 331.10 Td (t e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.54 331.10 Td (xpense is as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.77 331.10 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.87 331.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.93 331.10 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 320.6 m 441.5 320.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 320.6 m 501.5 320.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 320.6 m 558.5 320.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 307.6 m 441.5 307.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 294.6 m 441.5 294.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 441.5 307.6 m 501.5 307.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 441.5 294.6 m 501.5 294.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 307.6 m 558.5 307.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 294.6 m 558.5 294.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 441.5 294.6 m 501.5 294.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 294.6 m 558.5 294.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 441.5 216.60000000000002 m 501.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 216.60000000000002 m 558.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 216.60000000000002 m 441.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 441.5 216.60000000000002 m 501.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 441.5 203.60000000000002 m 501.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 216.60000000000002 m 558.5 216.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 203.60000000000002 m 558.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 203.60000000000002 m 441.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 441.5 190.60000000000002 m 501.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 190.60000000000002 m 558.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 190.60000000000002 m 441.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 175.60000000000002 m 441.5 175.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 441.5 190.60000000000002 m 501.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 175.60000000000002 m 501.5 175.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 190.60000000000002 m 558.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 175.60000000000002 m 558.5 175.60000000000002 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.65 312.10 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 298.10 Td (\(thousands of dollars\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 481.75 299.10 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 299.10 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 285.35 Td (Mortgages and credit facilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.00 285.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.00 285.35 Td (16,647) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.00 285.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 285.35 Td (20,658) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 272.35 Td (Senior unsecured debentures) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 473.00 272.35 Td (24,940) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 272.35 Td (20,100) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 259.35 Td (Convertible debentures \(cashless\)) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 246.35 Td (Coupon interest \(payable in shares\)) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 477.55 246.35 Td (4,921) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 246.35 Td (4,627) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.50 233.35 Td (Accretion of discounts on bifurcation for accounting purposes) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 484.45 233.35 Td (386) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 233.35 Td (359) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 220.35 Td (Amortization of deferred issue costs) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 484.45 220.35 Td (534) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 220.35 Td (463) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.55 208.35 Td (5,841) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 534.75 207.35 Td (5,449) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 194.35 Td (Interest capitalized to investment properties and residential inventory under development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.75 194.35 Td (\(4,940) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.15 194.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.00 194.35 Td (\(5,493) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 194.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 180.35 Td (Total interest expense) Tj ET Q BT /F2 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.00 180.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.00 180.35 Td (42,488) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 513.00 180.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.15 180.35 Td (40,714) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 158.10 Td (Mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.18 158.10 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.59 158.10 Td (e and cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.97 158.10 Td (edit f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.96 158.10 Td (acilities in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.12 158.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.36 158.10 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.69 158.10 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.46 158.10 Td (t e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.90 158.10 Td (xpense has ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.07 158.10 Td (decr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.89 158.10 Td (eased) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.79 158.10 Td ( due t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.05 158.10 Td (o ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.76 158.10 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.72 158.10 Td (epa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.56 158.10 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.21 158.10 Td (ts of mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.94 158.10 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.35 158.10 Td (es during the curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.17 158.10 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 525.31 158.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 146.10 Td (quart) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.03 146.10 Td (er and thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.24 146.10 Td (oughout 2013 and due t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.95 146.10 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.33 146.10 Td (decr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.14 146.10 Td (ease) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 273.79 146.10 Td ( in the w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.76 146.10 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.90 146.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.14 146.10 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.26 146.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.67 146.10 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.93 146.10 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.35 146.10 Td (e borr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.92 146.10 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.16 146.10 Td (wing r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 423.10 146.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.80 146.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.04 146.10 Td (e fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.65 146.10 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.18 146.10 Td (5.34%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.05 146.10 Td ( per annum as ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 134.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.70 134.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.31 134.10 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.99 134.10 Td (ch31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.90 134.10 Td ( t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.41 134.10 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.94 134.10 Td (5.17%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.82 134.10 Td ( per annum as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.52 134.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.13 134.10 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.81 134.10 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.72 134.10 Td (.) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (44) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.36 694.50 Td (incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.50 694.50 Td (ease) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.15 694.50 Td ( in in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.67 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.92 694.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.25 694.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.02 694.50 Td (t e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.46 694.50 Td (xpense f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.26 694.50 Td (or the senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.81 694.50 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.92 694.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.88 694.50 Td (es is primarily due t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.16 694.50 Td (o the issuances of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.91 694.50 Td ($300 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.14 694.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 682.50 Td (principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.88 682.50 Td (t senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.18 682.50 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.29 682.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.25 682.50 Td (es with a w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.81 682.50 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.95 682.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.19 682.50 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.31 682.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.73 682.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.98 682.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.40 682.50 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.78 682.50 Td (oupon r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.63 682.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.33 682.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.57 682.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.39 682.50 Td (4.79%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.27 682.50 Td ( \(w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.62 682.50 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.76 682.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.00 682.50 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.12 682.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.54 682.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.79 682.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 506.21 682.50 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 518.33 682.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.29 682.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.09 682.50 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 543.36 682.50 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 670.50 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.28 670.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.98 670.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.22 670.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.04 670.50 Td (4.72%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.92 670.50 Td (\) during ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.72 670.50 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.00 670.50 Td ( and the issuances of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.03 670.50 Td ($450 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.26 670.50 Td ( principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.40 670.50 Td (t of senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.29 670.50 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.40 670.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.36 670.50 Td (es with a ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 658.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.06 658.50 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.20 658.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.44 658.50 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.56 658.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.97 658.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.23 658.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.65 658.50 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.03 658.50 Td (oupon r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.88 658.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.58 658.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.82 658.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.64 658.50 Td (3.97%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.52 658.50 Td ( \(w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.87 658.50 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.01 658.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.25 658.50 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.37 658.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.79 658.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.04 658.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.46 658.50 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.58 658.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.53 658.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.34 658.50 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.60 658.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.12 658.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.82 658.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.06 658.50 Td (e of 4.12%\) in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.86 658.50 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.14 658.50 Td (, partially of) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.46 658.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.38 658.50 Td (se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.22 658.50 Td (t b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.03 658.50 Td (y the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 646.50 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 646.50 Td (epa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.19 646.50 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.84 646.50 Td (t of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.04 646.50 Td ($54 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.20 646.50 Td ( of principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.92 646.50 Td (t with a w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.95 646.50 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.09 646.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.33 646.50 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.45 646.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.87 646.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.12 646.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.54 646.50 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.92 646.50 Td (oupon r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.77 646.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.47 646.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.71 646.50 Td (e of 5.36% \(w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.76 646.50 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.90 646.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.14 646.50 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.26 646.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.68 646.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.93 646.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.35 646.50 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.47 646.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.43 646.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 518.23 646.50 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 537.50 646.50 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 634.50 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.28 634.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.98 634.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.22 634.50 Td (e of 5.52%\) during the y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.97 634.50 Td (ear ended ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.46 634.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.92 634.50 Td ( as described in the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.68 634.50 Td (Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.77 634.50 Td (al Structur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.98 634.50 Td (e and Liquidity) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 492.81 634.50 Td () Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.99 634.50 Td ( section of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 622.50 Td (this MD&A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.44 622.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 604.50 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.36 604.50 Td (incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.50 604.50 Td (ease) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.15 604.50 Td ( in c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.36 604.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.72 604.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.14 604.50 Td (ertible deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.66 604.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.61 604.50 Td (es in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 221.22 604.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.46 604.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.79 604.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.56 604.50 Td (t e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.00 604.50 Td (xpense is a r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.83 604.50 Td (esult of ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.64 604.50 Td (t issuances in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.85 604.50 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.12 604.50 Td ( of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.97 604.50 Td ($55 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.13 604.50 Td (, partially ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 592.50 Td (of) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.23 592.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.15 592.50 Td (se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.98 592.50 Td (t b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.80 592.50 Td (y r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.94 592.50 Td (epur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.76 592.50 Td (chases in the Normal Cour) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.46 592.50 Td (se Issuer Bid \(NCIB\) of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.21 592.50 Td ($3.2 million) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 367.89 592.50 Td ( during 2013) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.94 592.50 Td (. R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.98 592.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.86 592.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.67 592.50 Td (er t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.64 592.50 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.01 592.50 Td (Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.10 592.50 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 580.50 Td (Structur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.87 580.50 Td (e and Liquidity) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.70 580.50 Td () Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.88 580.50 Td ( section of this MD&A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.71 580.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 562.50 Td (Ov) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.04 562.50 Td (er the pas) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.45 562.50 Td (t 12 mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.88 562.50 Td (ths, cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.06 562.50 Td (ain de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.84 562.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.26 562.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.19 562.50 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.71 562.50 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.87 562.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.29 562.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.21 562.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.40 562.50 Td (ojects w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.85 562.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.18 562.50 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.56 562.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.29 562.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.54 562.50 Td (ed r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.38 562.50 Td (esulting in lo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.02 562.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.08 562.50 Td (er ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 550.50 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 550.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.71 550.50 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.82 550.50 Td (ed in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.76 550.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.01 550.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.34 550.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.11 550.50 Td (t. As de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.38 550.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.80 550.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.73 550.50 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.25 550.50 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.41 550.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.82 550.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.75 550.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.94 550.50 Td (ojects ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.47 550.50 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.85 550.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.59 550.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.83 550.50 Td (ed, the) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.33 550.50 Td (y no long) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.35 550.50 Td (er qualif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.06 550.50 Td (y f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.69 550.50 Td (or in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.17 550.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.41 550.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.74 550.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 516.51 550.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 538.50 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 538.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.71 538.50 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.88 538.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.57 538.50 Td (tion. Although the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.51 538.50 Td (y has a number of pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.20 538.50 Td (ojects in the pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.85 538.50 Td (e-de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.07 538.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.49 538.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.41 538.50 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.82 538.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.05 538.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.46 538.50 Td (e, during which ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 526.50 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 526.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.71 526.50 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.88 526.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.57 526.50 Td (tion c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.15 526.50 Td (omprises primarily c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.33 526.50 Td (orpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.90 526.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.59 526.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.84 526.50 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.90 526.50 Td (xpenses and other soft c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.92 526.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.99 526.50 Td (ts associa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.62 526.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.86 526.50 Td (ed with planning activities, the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 514.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.59 514.50 Td (gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.65 514.50 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.15 514.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.85 514.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.09 514.50 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.71 514.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.13 514.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.90 514.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.14 514.50 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.78 514.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.85 514.50 Td (t of pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.63 514.50 Td (operties in the activ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.14 514.50 Td (e de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.56 514.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.97 514.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.90 514.50 Td (t or r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.88 514.50 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.04 514.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.46 514.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 384.38 514.50 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.79 514.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.02 514.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.43 514.50 Td (e which is subject t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.45 514.50 Td (o in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.44 514.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.69 514.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.02 514.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 518.79 514.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 502.50 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 502.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.71 502.50 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.88 502.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.57 502.50 Td (tion has decr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.03 502.50 Td (eased. In addition, cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.20 502.50 Td (ain pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.38 502.50 Td (operties classified as de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.57 502.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.99 502.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.91 502.50 Td (t land ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.25 502.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.67 502.50 Td (e been r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.98 502.50 Td (eclassified as ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 490.50 Td (held f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.88 490.50 Td (or sale and ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.84 490.50 Td (e no long) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.31 490.50 Td (er subject t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.91 490.50 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.59 490.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.15 490.50 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.32 490.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.02 490.50 Td (tion. As a r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.34 490.50 Td (esult, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.42 490.50 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.36 490.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.92 490.50 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.03 490.50 Td (ed less in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.33 490.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.57 490.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.90 490.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.67 490.50 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.64 490.50 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.61 490.50 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.67 490.50 Td (e t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 516.16 490.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 478.50 Td (the ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.43 478.50 Td (gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.49 478.50 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.99 478.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.69 478.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.93 478.50 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.55 478.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.97 478.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.74 478.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.98 478.50 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.62 478.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.69 478.50 Td (t of pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.47 478.50 Td (operties in ong) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.22 478.50 Td (oing de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.19 478.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.61 478.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.54 478.50 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.06 478.50 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.21 478.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.63 478.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.56 478.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.75 478.50 Td (ojects.) Tj ET Q BT /F2 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 456.30 Td (Corpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.13 456.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.46 456.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.14 456.30 Td (e Expenses) Tj ET Q 1 1 1 rg /GS0 gs 54.50 442.80 380.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 442.8 m 434.5 442.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 442.8 m 496.5 442.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 429.8 m 496.5 429.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 442.8 m 558.5 442.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 429.8 m 558.5 429.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 429.8 m 434.5 429.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 416.8 m 434.5 416.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 429.8 m 496.5 429.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 416.8 m 496.5 416.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 429.8 m 558.5 429.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 416.8 m 558.5 416.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 364.8 m 434.5 364.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 364.8 m 496.5 364.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 364.8 m 558.5 364.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 337.8 m 434.5 337.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 322.8 m 434.5 322.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 337.8 m 496.5 337.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 322.8 m 496.5 322.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 337.8 m 558.5 337.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 322.8 m 558.5 322.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 281.8 m 434.5 281.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 281.8 m 496.5 281.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 281.8 m 558.5 281.8 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 448.65 434.30 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 420.30 Td (\(thousands of dollars, except for percentages\)) Tj ET Q BT /F2 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.00 421.30 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 531.00 421.30 Td (2013) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 521.85 408.30 Td (\(Restated\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 394.55 Td (Salaries, wages and benefits) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.00 394.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.80 394.55 Td (6,242) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.00 394.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.05 394.55 Td (5,767) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 381.55 Td (Non-cash compensation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.70 381.55 Td (648) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.85 381.55 Td (714) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 368.55 Td (Other corporate costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.80 368.55 Td (2,675) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.05 368.55 Td (2,381) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.80 355.55 Td (9,565) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.05 355.55 Td (8,862) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 342.55 Td (Amoun) Tj ET Q q 0 0 0 rg BT 83.52 342.55 Td (ts c) Tj ET Q q 0 0 0 rg BT 95.82 342.55 Td (apit) Tj ET Q q 0 0 0 rg BT 109.83 342.55 Td (aliz) Tj ET Q q 0 0 0 rg BT 121.62 342.55 Td (ed t) Tj ET Q q 0 0 0 rg BT 135.79 342.55 Td (o in) Tj ET Q q 0 0 0 rg BT 149.21 342.55 Td (v) Tj ET Q q 0 0 0 rg BT 153.19 342.55 Td (es) Tj ET Q q 0 0 0 rg BT 161.09 342.55 Td (tmen) Tj ET Q q 0 0 0 rg BT 180.42 342.55 Td (t pr) Tj ET Q q 0 0 0 rg BT 193.19 342.55 Td (operties under de) Tj ET Q q 0 0 0 rg BT 258.39 342.55 Td (v) Tj ET Q q 0 0 0 rg BT 262.37 342.55 Td (elopmen) Tj ET Q q 0 0 0 rg BT 294.70 342.55 Td (t and r) Tj ET Q q 0 0 0 rg BT 318.57 342.55 Td (esiden) Tj ET Q q 0 0 0 rg BT 342.48 342.55 Td (tial in) Tj ET Q q 0 0 0 rg BT 362.62 342.55 Td (v) Tj ET Q q 0 0 0 rg BT 366.59 342.55 Td (en) Tj ET Q q 0 0 0 rg BT 375.72 342.55 Td (t) Tj ET Q q 0 0 0 rg BT 378.64 342.55 Td (or) Tj ET Q q 0 0 0 rg BT 386.57 342.55 Td (y ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 392.68 346.36 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.00 342.55 Td (\(1,549) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.40 342.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.30 342.55 Td (\(1,661) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 342.55 Td (\)) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.00 327.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.80 327.55 Td (8,016) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 499.00 327.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.05 327.55 Td (7,201) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 313.55 Td (Corporate expenses, excluding non-cash compensation and incremental leasing costs) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 300.55 Td (As a percentage of rental revenue) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 477.85 300.55 Td (3.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.40 300.55 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.15 300.55 Td (3.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 300.55 Td (%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.00 286.55 Td (As a percentage of total assets) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 473.30 286.55 Td (0.29) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.40 286.55 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 286.55 Td (0.27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 286.55 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 274.24 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 270.90 Td ( R) Tj ET Q q 0 0 0 rg BT 64.32 270.90 Td (e) Tj ET Q q 0 0 0 rg BT 67.75 270.90 Td (f) Tj ET Q q 0 0 0 rg BT 69.71 270.90 Td (er t) Tj ET Q q 0 0 0 rg BT 79.49 270.90 Td (o the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 95.85 270.90 Td () Tj ET Q q 0 0 0 rg BT 98.19 270.90 Td (Adop) Tj ET Q q 0 0 0 rg BT 113.26 270.90 Td (tion of Ne) Tj ET Q q 0 0 0 rg BT 141.54 270.90 Td (w Acc) Tj ET Q q 0 0 0 rg BT 158.04 270.90 Td (oun) Tj ET Q q 0 0 0 rg BT 169.02 270.90 Td (ting St) Tj ET Q q 0 0 0 rg BT 187.00 270.90 Td (andar) Tj ET Q q 0 0 0 rg BT 203.41 270.90 Td (ds) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 212.75 270.90 Td ( section of this MD&A) Tj ET Q q 0 0 0 rg BT 274.94 270.90 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 252.90 Td (The o) Tj ET Q q 0 0 0 rg BT 76.59 252.90 Td (v) Tj ET Q q 0 0 0 rg BT 81.01 252.90 Td (er) Tj ET Q q 0 0 0 rg BT 89.27 252.90 Td (all le) Tj ET Q q 0 0 0 rg BT 108.13 252.90 Td (v) Tj ET Q q 0 0 0 rg BT 112.55 252.90 Td (el of ne) Tj ET Q q 0 0 0 rg BT 142.84 252.90 Td (t c) Tj ET Q q 0 0 0 rg BT 152.60 252.90 Td (orpor) Tj ET Q q 0 0 0 rg BT 175.17 252.90 Td (a) Tj ET Q q 0 0 0 rg BT 179.86 252.90 Td (t) Tj ET Q q 0 0 0 rg BT 183.11 252.90 Td (e e) Tj ET Q q 0 0 0 rg BT 195.17 252.90 Td (xpenses has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 246.26 252.90 Td (incr) Tj ET Q q 0 0 0 rg BT 261.39 252.90 Td (eased) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 285.29 252.90 Td ( b) Tj ET Q q 0 0 0 rg BT 292.76 252.90 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 299.55 252.90 Td (11.3%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.42 252.90 Td ( f) Tj ET Q q 0 0 0 rg BT 329.53 252.90 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.39 252.90 Td (thr) Tj ET Q q 0 0 0 rg BT 368.35 252.90 Td (ee mon) Tj ET Q q 0 0 0 rg BT 398.98 252.90 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 458.41 252.90 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 505.32 252.90 Td (, as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 240.90 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 240.90 Td (ompar) Tj ET Q q 0 0 0 rg BT 84.81 240.90 Td (ed t) Tj ET Q q 0 0 0 rg BT 100.55 240.90 Td (o the same prior y) Tj ET Q q 0 0 0 rg BT 174.31 240.90 Td (ear period. The incr) Tj ET Q q 0 0 0 rg BT 253.64 240.90 Td (ease is primarily as a r) Tj ET Q q 0 0 0 rg BT 343.06 240.90 Td (esult of incr) Tj ET Q q 0 0 0 rg BT 390.83 240.90 Td (eases in the number of t) Tj ET Q q 0 0 0 rg BT 489.60 240.90 Td (eam member) Tj ET Q q 0 0 0 rg BT 544.11 240.90 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 228.90 Td (and c) Tj ET Q q 0 0 0 rg BT 75.70 228.90 Td (os) Tj ET Q q 0 0 0 rg BT 84.78 228.90 Td (ts r) Tj ET Q q 0 0 0 rg BT 97.65 228.90 Td (ela) Tj ET Q q 0 0 0 rg BT 109.62 228.90 Td (t) Tj ET Q q 0 0 0 rg BT 112.86 228.90 Td (ed t) Tj ET Q q 0 0 0 rg BT 128.60 228.90 Td (o ong) Tj ET Q q 0 0 0 rg BT 151.30 228.90 Td (oing in) Tj ET Q q 0 0 0 rg BT 178.48 228.90 Td (v) Tj ET Q q 0 0 0 rg BT 182.90 228.90 Td (es) Tj ET Q q 0 0 0 rg BT 191.67 228.90 Td (tmen) Tj ET Q q 0 0 0 rg BT 213.15 228.90 Td (ts in pr) Tj ET Q q 0 0 0 rg BT 241.06 228.90 Td (ocesses and s) Tj ET Q q 0 0 0 rg BT 295.79 228.90 Td (y) Tj ET Q q 0 0 0 rg BT 300.23 228.90 Td (s) Tj ET Q q 0 0 0 rg BT 304.02 228.90 Td (t) Tj ET Q q 0 0 0 rg BT 307.27 228.90 Td (ems. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 210.90 Td (Non-c) Tj ET Q q 0 0 0 rg BT 78.19 210.90 Td (ash c) Tj ET Q q 0 0 0 rg BT 98.55 210.90 Td (ompensa) Tj ET Q q 0 0 0 rg BT 135.90 210.90 Td (tion is r) Tj ET Q q 0 0 0 rg BT 166.16 210.90 Td (ec) Tj ET Q q 0 0 0 rg BT 175.28 210.90 Td (ogniz) Tj ET Q q 0 0 0 rg BT 196.53 210.90 Td (ed o) Tj ET Q q 0 0 0 rg BT 214.25 210.90 Td (v) Tj ET Q q 0 0 0 rg BT 218.67 210.90 Td (er the r) Tj ET Q q 0 0 0 rg BT 248.59 210.90 Td (espectiv) Tj ET Q q 0 0 0 rg BT 282.00 210.90 Td (e v) Tj ET Q q 0 0 0 rg BT 293.65 210.90 Td (es) Tj ET Q q 0 0 0 rg BT 302.43 210.90 Td (ting periods f) Tj ET Q q 0 0 0 rg BT 355.85 210.90 Td (or op) Tj ET Q q 0 0 0 rg BT 377.35 210.90 Td (tions, r) Tj ET Q q 0 0 0 rg BT 405.54 210.90 Td (es) Tj ET Q q 0 0 0 rg BT 414.32 210.90 Td (trict) Tj ET Q q 0 0 0 rg BT 430.92 210.90 Td (ed shar) Tj ET Q q 0 0 0 rg BT 460.72 210.90 Td (e ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.96 210.90 Td (units and de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.98 210.90 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.78 210.90 Td (err) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 532.60 210.90 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 198.90 Td (shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.31 198.90 Td (e units. These it) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.18 198.90 Td (ems ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.46 198.90 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.84 198.90 Td (onsider) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.16 198.90 Td (ed part of the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.47 198.90 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 273.97 198.90 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.46 198.90 Td (ompensa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.82 198.90 Td (tion f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.09 198.90 Td (or dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.01 198.90 Td (ect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.47 198.90 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.06 198.90 Td (s, senior manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.63 198.90 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.73 198.90 Td (t and other t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 526.74 198.90 Td (eam ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 186.90 Td (member) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.50 186.90 Td (s.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 168.90 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 168.90 Td (y manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.30 168.90 Td (es all of its acquisitions, de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.54 168.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.96 168.90 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.88 168.90 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.41 168.90 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.56 168.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.98 168.90 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.90 168.90 Td (t and leasing activities in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.28 168.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.53 168.90 Td (ernally) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.49 168.90 Td (. Cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.29 168.90 Td (ain ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 156.90 Td (in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.46 156.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.70 156.90 Td (ernal c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.91 156.90 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.98 156.90 Td (ts dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.40 156.90 Td (ectly r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.39 156.90 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.36 156.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.60 156.90 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.34 156.90 Td (o de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.06 156.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.48 156.90 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.40 156.90 Td (t, including salaries and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.23 156.90 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.20 156.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.44 156.90 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.08 156.90 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.15 156.90 Td (ts f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.51 156.90 Td (or planning) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.75 156.90 Td (, z) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.23 156.90 Td (oning) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.13 156.90 Td (, leasing) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.23 156.90 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 144.90 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 144.90 Td (ons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.47 144.90 Td (truction, e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.64 144.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.87 144.90 Td (c., ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.52 144.90 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.90 144.90 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.47 144.90 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.57 144.90 Td (ed in acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.04 144.90 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 221.66 144.90 Td (dance with IFR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.14 144.90 Td (S t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.25 144.90 Td (o de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.97 144.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.38 144.90 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.31 144.90 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.50 144.90 Td (ojects and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.80 144.90 Td (esiden) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.37 144.90 Td (tial in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.75 144.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.17 144.90 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.30 144.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.55 144.90 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.36 144.90 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.18 144.90 Td (, as incurr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.77 144.90 Td (ed. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 126.90 Td (In Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.71 126.90 Td (ch 2014, the IFRIC issued a decision r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.00 126.90 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.96 126.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.21 126.90 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.95 126.90 Td (o the meaning of incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.06 126.90 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.16 126.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.39 126.90 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.88 126.90 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.95 126.90 Td (ts in the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.76 126.90 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.20 126.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.44 126.90 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.26 126.90 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.62 126.90 Td (t of initial ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 114.90 Td (dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.90 114.90 Td (ect leasing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.35 114.90 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.42 114.90 Td (ts in IAS 17. The IFRIC de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.03 114.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.28 114.90 Td (ermined tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.07 114.90 Td (t in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.13 114.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.37 114.90 Td (ernal fix) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.85 114.90 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.49 114.90 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.56 114.90 Td (ts, such as the salar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.61 114.90 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.54 114.90 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.61 114.90 Td (ts of permanen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.60 114.90 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 102.90 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.80 102.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.03 102.90 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.76 102.90 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.71 102.90 Td (f in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.41 102.90 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.83 102.90 Td (olv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.82 102.90 Td (ed in neg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.99 102.90 Td (otia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.60 102.90 Td (ting and arr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.58 102.90 Td (anging ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.03 102.90 Td (w leases, do not qualif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.97 102.90 Td (y as incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.85 102.90 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.95 102.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.18 102.90 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.67 102.90 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.74 102.90 Td (ts within the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.11 102.90 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.54 102.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.78 102.90 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.61 102.90 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 489.97 102.90 Td (t of IAS ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 90.90 Td (17 and ther) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.89 90.90 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.78 90.90 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.62 90.90 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.25 90.90 Td (e should not be c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.76 90.90 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.33 90.90 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.43 90.90 Td (ed as initial dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.62 90.90 Td (ect leasing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.07 90.90 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.14 90.90 Td (ts. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.26 90.90 Td (y has adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.79 90.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.03 90.90 Td (ed the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 78.90 Td (in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.46 78.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.70 78.90 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.77 78.90 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.69 78.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.92 78.90 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.62 78.90 Td (tion e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.94 78.90 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.89 78.90 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.69 78.90 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.96 78.90 Td (e Januar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.01 78.90 Td (y 1, 2014, with r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.31 78.90 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.23 78.90 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.91 78.90 Td (ospectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.61 78.90 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.20 78.90 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.98 78.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.21 78.90 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.90 78.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.15 78.90 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.25 78.90 Td (t of prior period pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.91 78.90 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.93 78.90 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.17 78.90 Td (ed. Prior t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.41 78.90 Td (o the ) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (45) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.53 694.50 Td (tion of this in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.07 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.31 694.50 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.38 694.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.31 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.53 694.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.23 694.50 Td (tion, cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.08 694.50 Td (ain c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.82 694.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.89 694.50 Td (ts associa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.52 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.76 694.50 Td (ed with the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.11 694.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.94 694.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.82 694.50 Td (s in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.45 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.69 694.50 Td (ernal leasing s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.04 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.27 694.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.00 694.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.95 694.50 Td (f w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.33 694.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.66 694.50 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.04 694.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 489.61 694.50 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.71 694.50 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 682.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.25 682.50 Td (o in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.17 682.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.59 682.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.36 682.50 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.84 682.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.03 682.50 Td (operties. The adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.22 682.50 Td (tion of the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.54 682.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.78 682.50 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.85 682.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.77 682.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.00 682.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.70 682.50 Td (tion has r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.70 682.50 Td (esult) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.38 682.50 Td (ed in an incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.11 682.50 Td (ease in c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.98 682.50 Td (orpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.55 682.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.25 682.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.49 682.50 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.55 682.50 Td (xpenses and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 670.50 Td (an incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.44 670.50 Td (ease in f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.02 670.50 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.22 670.50 Td (alue g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.31 670.50 Td (ains on in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.00 670.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.42 670.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.19 670.50 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.66 670.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.85 670.50 Td (operties. R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.41 670.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.30 670.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.10 670.50 Td (er t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.08 670.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.61 670.50 Td (Not) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.58 670.50 Td (e 3) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.89 670.50 Td ( t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.40 670.50 Td (o the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.23 670.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.47 670.50 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.62 670.50 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.88 670.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.12 670.50 Td (ed financial ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 658.50 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.80 658.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.03 658.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.72 658.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.97 658.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.07 658.50 Td (ts f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.43 658.50 Td (or further de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.74 658.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.97 658.50 Td (ails. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 634.50 Td (During the periods ended ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.93 634.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.61 634.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.52 634.50 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.60 634.50 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.88 634.50 Td (, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 273.99 634.50 Td (espectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.39 634.50 Td (ely) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.48 634.50 Td (, appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.86 634.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.93 634.50 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.25 634.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.49 634.50 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.55 634.50 Td (17.4%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.42 634.50 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.24 634.50 Td (20.4%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.12 634.50 Td ( of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.11 634.50 Td (ompensa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.47 634.50 Td (tion-) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 622.50 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 622.50 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.32 622.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.56 622.50 Td (ed and other c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.36 622.50 Td (orpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.93 622.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.62 622.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.87 622.50 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.93 622.50 Td (xpenses w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.86 622.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.19 622.50 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.57 622.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.14 622.50 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.24 622.50 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.99 622.50 Td (o r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.88 622.50 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.97 622.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.20 622.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.90 622.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.14 622.50 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.76 622.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.18 622.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.95 622.50 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.42 622.50 Td (ts f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.79 622.50 Td (or pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.39 622.50 Td (operties under) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.26 622.50 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.89 622.50 Td (oing de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.87 622.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.28 622.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 541.21 622.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 610.50 Td (or r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.38 610.50 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.53 610.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.95 610.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.87 610.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.06 610.50 Td (ojects. Amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.44 610.50 Td (ts c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.11 610.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.67 610.50 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.78 610.50 Td (ed ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 259.42 610.50 Td (e based on de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.07 610.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.48 610.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.41 610.50 Td (t and pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.18 610.50 Td (e-de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.40 610.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.82 610.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.74 610.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.93 610.50 Td (ojects under) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.60 610.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 518.64 610.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 523.24 610.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.11 610.50 Td (. The ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 598.50 Td (decr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.81 598.50 Td (ease in c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.68 598.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.25 598.50 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.35 598.50 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.99 598.50 Td (orpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.56 598.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.25 598.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.50 598.50 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.56 598.50 Td (xpenses r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.78 598.50 Td (esult) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.46 598.50 Td (ed fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.33 598.50 Td (om the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.84 598.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.57 598.50 Td (tion of cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.51 598.50 Td (ain signific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.06 598.50 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.01 598.50 Td (t de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.80 598.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.22 598.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.14 598.50 Td (t and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 586.50 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 586.50 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.51 586.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.93 586.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.85 586.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.04 586.50 Td (ojects o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.66 586.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.08 586.50 Td (er the pas) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.49 586.50 Td (t 12 mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.92 586.50 Td (ths. As a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.13 586.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.74 586.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.42 586.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.33 586.50 Td (, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.23 586.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.31 586.50 Td (ts being c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.72 586.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.29 586.50 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.39 586.50 Td (ed r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.24 586.50 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 458.20 586.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.45 586.50 Td (e lar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.12 586.50 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.74 586.50 Td (ely t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.05 586.50 Td (o pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.16 586.50 Td (ojects ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 574.50 Td (in the pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.26 574.50 Td (e-de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.48 574.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.89 574.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.82 574.50 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.23 574.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.45 574.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.87 574.50 Td (e. The timing of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.87 574.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.61 574.50 Td (tion of de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.80 574.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.22 574.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.15 574.50 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.67 574.50 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.83 574.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.25 574.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.17 574.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.36 574.50 Td (ojects and the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 533.85 574.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 538.68 574.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 540.57 574.50 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 562.50 Td (curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.32 562.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.46 562.50 Td (t le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.29 562.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.71 562.50 Td (el of pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.44 562.50 Td (e-de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.65 562.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.07 562.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.00 562.50 Td (t activity is c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.83 562.50 Td (ommensur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.76 562.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.45 562.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.70 562.50 Td (e with the decr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.89 562.50 Td (ease in the le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.68 562.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.09 562.50 Td (el of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.36 562.50 Td (orpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.93 562.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.62 562.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.87 562.50 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.93 562.50 Td (xpenses ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 550.50 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 550.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.71 550.50 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.82 550.50 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.45 550.50 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.11 550.50 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.86 550.50 Td (o the same prior y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.62 550.50 Td (ear period.) Tj ET Q BT /F2 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 528.30 Td (Other Gains \(Losses\) and \(Expenses\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 511.8 m 258.5 511.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 498.8 m 258.5 498.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 511.8 m 308.5 511.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 498.8 m 308.5 498.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 511.8 m 358.5 511.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 308.5 498.8 m 358.5 498.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 511.8 m 408.5 511.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 358.5 498.8 m 408.5 498.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 511.8 m 458.5 511.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 498.8 m 458.5 498.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 511.8 m 508.5 511.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 498.8 m 508.5 498.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 511.8 m 558.5 511.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 498.8 m 558.5 498.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 485.8 m 258.5 485.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 451.8 m 258.5 451.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 485.8 m 308.5 485.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 451.8 m 308.5 451.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 308.5 485.8 m 358.5 485.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 308.5 451.8 m 358.5 451.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 358.5 485.8 m 408.5 485.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 358.5 451.8 m 408.5 451.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 485.8 m 458.5 485.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 451.8 m 458.5 451.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 485.8 m 508.5 485.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 451.8 m 508.5 451.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 485.8 m 558.5 485.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 451.8 m 558.5 451.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 451.8 m 258.5 451.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 336.8 m 258.5 336.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 321.8 m 258.5 321.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 336.8 m 308.5 336.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 321.8 m 308.5 321.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 308.5 336.8 m 358.5 336.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 321.8 m 358.5 321.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 358.5 336.8 m 408.5 336.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 321.8 m 408.5 321.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 336.8 m 458.5 336.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 321.8 m 458.5 321.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 336.8 m 508.5 336.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 321.8 m 508.5 321.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508.5 336.8 m 558.5 336.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 321.8 m 558.5 321.8 l s BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.65 503.30 Td (Three months ended March 31) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 388.75 490.30 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 490.30 Td (2013) Tj ET Q BT /F4 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 456.18 Td (\(thousands of dollars\)) Tj ET Q BT /F2 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 270.55 477.68 Td (Included in) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 264.25 470.18 Td (Consolidated) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 261.45 462.68 Td (Statements of) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 281.95 455.18 Td (Income) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 320.55 463.68 Td (Included in) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 343.05 456.18 Td (FFO) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 370.55 463.68 Td (Included in) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 388.55 456.18 Td (AFFO) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 421.35 477.68 Td (Included in) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 415.20 470.18 Td (Consolidated) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 412.45 462.68 Td (Statements of) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 432.35 455.18 Td (Income) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 471.35 463.68 Td (Included in) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 493.20 456.18 Td (FFO) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 521.35 463.68 Td (Included in) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 538.85 456.18 Td (AFFO) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 442.55 Td (Realized gains on sale of marketable securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 261.00 442.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 291.45 442.55 Td (481) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.00 442.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.45 442.55 Td (481) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 361.00 442.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.45 442.55 Td (481) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.00 442.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.75 442.55 Td (2,075) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.00 442.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.75 442.55 Td (2,075) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.00 442.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 442.55 Td (2,075) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 428.55 Td (Change in cumulative unrealized gains \(losses\)on) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 419.55 Td (marketable securities classified as FVTPL) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.55 419.55 Td (1,285) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.55 419.55 Td (1,285) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 419.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.00 419.55 Td (\(1,336) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.25 419.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.00 419.55 Td (\(1,336) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.25 419.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 419.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 405.55 Td (Losses on settlement of debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 288.65 405.55 Td (\(262) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.15 405.55 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.65 405.55 Td (\(262) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.15 405.55 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 405.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.80 405.55 Td (\(112) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.25 405.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.80 405.55 Td (\(112) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.25 405.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 405.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 392.55 Td (Unrealized losses on hedges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.20 392.55 Td (\(99) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.15 392.55 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.20 392.55 Td (\(99) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.15 392.55 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 392.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.80 392.55 Td (\(121) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.25 392.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.80 392.55 Td (\(121) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.25 392.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 392.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 379.55 Td (Gain on foreign currency exchange) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 300.55 379.55 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 350.55 379.55 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.55 379.55 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.10 379.55 Td (32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.10 379.55 Td (32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.10 379.55 Td (32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 366.55 Td (Pre-selling costs of residential inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.20 366.55 Td (\(19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.15 366.55 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.20 366.55 Td (\(19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.15 366.55 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 366.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.35 366.55 Td (\(11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.25 366.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.35 366.55 Td (\(11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.25 366.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 366.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 353.55 Td (Net gain on sale of residential inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 297.00 353.55 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 353.55 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 353.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.55 353.55 Td (466) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.55 353.55 Td (466) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 353.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 340.55 Td (Investment properties selling costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 288.65 340.55 Td (\(142) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.15 340.55 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 340.55 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 340.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.00 340.55 Td (\(1,156) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.25 340.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.10 340.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 340.55 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 261.00 326.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.55 326.55 Td (1,246) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.00 326.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.55 326.55 Td (1,388) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 361.00 326.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.45 326.55 Td (483) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.00 326.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.80 326.55 Td (\(163) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.25 326.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.00 326.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.55 326.55 Td (993) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.00 326.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 326.55 Td (2,107) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 301.30 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.46 301.30 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.32 301.30 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.28 301.30 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.91 301.30 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.34 301.30 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.25 301.30 Td (, the losses on se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.00 301.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.21 301.30 Td (tlemen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.96 301.30 Td (t of deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.59 301.30 Td (t primarily r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.23 301.30 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.20 301.30 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.44 301.30 Td (e t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.93 301.30 Td (o pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.08 301.30 Td (e-pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.97 301.30 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.62 301.30 Td (t penalties ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 289.30 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.84 289.30 Td (or the early r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.39 289.30 Td (epa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.22 289.30 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.88 289.30 Td (t of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.07 289.30 Td ($54 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.23 289.30 Td ( of mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.70 289.30 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.11 289.30 Td (es pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.12 289.30 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.49 289.30 Td (able.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 271.30 Td (The losses on hedg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.80 271.30 Td (es r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.30 271.30 Td (epr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.88 271.30 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.91 271.30 Td (t the chang) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.51 271.30 Td (e in f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.41 271.30 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.61 271.30 Td (alue f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.03 271.30 Td (or those deriv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.45 271.30 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.15 271.30 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.21 271.30 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.61 271.30 Td (o which the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.13 271.30 Td (y does not apply hedg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 541.22 271.30 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 259.30 Td (acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.16 259.30 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.85 259.30 Td (ting) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.57 259.30 Td (, as w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.35 259.30 Td (ell as the ine) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.41 259.30 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.37 259.30 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.17 259.30 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.44 259.30 Td (eness of those hedg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.44 259.30 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.84 259.30 Td (o which the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.36 259.30 Td (y applies hedg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.29 259.30 Td (e acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.69 259.30 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.38 259.30 Td (ting.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 241.30 Td (In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.61 241.30 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.03 241.30 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.80 241.30 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.28 241.30 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.46 241.30 Td (operties selling c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.63 241.30 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.70 241.30 Td (ts w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.28 241.30 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.61 241.30 Td (e incurr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.72 241.30 Td (ed on dispositions of pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.70 241.30 Td (operties and pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.62 241.30 Td (operties held f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.28 241.30 Td (or sale.) Tj ET Q BT /F2 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 219.10 Td (Inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.38 219.10 Td (ome T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.88 219.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.21 219.10 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.00 219.10 Td (es) Tj ET Q 1 1 1 rg /GS0 gs 54.50 205.60 384.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 54.50 192.60 384.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 498.50 192.60 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 205.60000000000002 m 438.5 205.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 205.60000000000002 m 498.5 205.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 205.60000000000002 m 558.5 205.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 192.60000000000002 m 438.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 179.60000000000002 m 438.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 192.60000000000002 m 498.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 179.60000000000002 m 498.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 192.60000000000002 m 558.5 192.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 179.60000000000002 m 558.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 158.60000000000002 m 438.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 158.60000000000002 m 498.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 158.60000000000002 m 558.5 158.60000000000002 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 454.65 197.10 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 183.10 Td (\(thousands of dollars\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 478.75 184.10 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 184.10 Td (2013) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 164.35 Td (Deferred income taxes) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 441.00 163.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 163.35 Td (10,484) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 163.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 163.35 Td (13,126) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 141.10 Td (De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.04 141.10 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.84 141.10 Td (err) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.66 141.10 Td (ed inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.84 141.10 Td (ome t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.57 141.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.27 141.10 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.33 141.10 Td (es decr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.29 141.10 Td (eased c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.61 141.10 Td (ompar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.27 141.10 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.01 141.10 Td (o the same prior y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.77 141.10 Td (ear period primarily due t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.75 141.10 Td (o the dif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.63 141.10 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.43 141.10 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.76 141.10 Td (ence in the f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.96 141.10 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 528.17 141.10 Td (alue ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 129.10 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.52 129.10 Td (ain on in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.29 129.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.71 129.10 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.49 129.10 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.96 129.10 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.15 129.10 Td (operties, which w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.90 129.10 Td (as partially of) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.43 129.10 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.35 129.10 Td (se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.19 129.10 Td (t b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.00 129.10 Td (y a chang) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.99 129.10 Td (e in the inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.57 129.10 Td (ome t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.30 129.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.99 129.10 Td (x r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.87 129.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.56 129.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.81 129.10 Td (e b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.25 129.10 Td (y the Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.37 129.10 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.59 129.10 Td (vince of British ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 117.10 Td (Columbia during the sec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.13 117.10 Td (ond quart) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.19 117.10 Td (er of 2013. ) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (46) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (CAPIT) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.91 691.50 Td (AL S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.96 691.50 Td (TRUC) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.39 691.50 Td (TURE AND LIQUIDITY) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 671.10 Td (Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.71 671.10 Td (al Emplo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.67 671.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.22 671.10 Td (ed) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 653.10 Td (The r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.64 653.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.34 653.10 Td (tios belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.19 653.10 Td (w include measur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.69 653.10 Td (es not specific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.13 653.10 Td (ally de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.44 653.10 Td (fined in IFR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.75 653.10 Td (S. Cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.15 653.10 Td (ain c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.90 653.10 Td (alcula) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.46 653.10 Td (tions ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.95 653.10 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.54 653.10 Td (equir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.67 653.10 Td (ed pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.98 653.10 Td (suan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.10 653.10 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.96 653.10 Td (o deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 522.94 653.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 641.10 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 641.10 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.38 641.10 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.79 641.10 Td (enan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.97 641.10 Td (ts and f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.90 641.10 Td (or this r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.34 641.10 Td (eason ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.95 641.10 Td (e meaningful measur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.59 641.10 Td (es. ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 630.6 m 403.5 630.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 617.6 m 403.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 630.6 m 481.5 630.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403.5 617.6 m 481.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 630.6 m 557.5 630.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 617.6 m 557.5 617.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 591.6 m 403.5 591.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403.5 591.6 m 481.5 591.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 591.6 m 557.5 591.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 512.6 m 403.5 512.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 512.6 m 557.5 512.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 512.6 m 403.5 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 497.6 m 403.5 497.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403.5 512.6 m 481.5 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 497.6 m 481.5 497.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 512.6 m 557.5 512.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 497.6 m 557.5 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 344.6 m 403.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 344.6 m 481.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 344.6 m 557.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 316.6 m 403.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 316.6 m 481.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 316.6 m 557.5 316.6 l s BT /F4 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 621.10 Td (\(thousands of dollars, except for other data\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 426.65 622.10 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.40 622.10 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 608.35 Td (Enterprise value) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 595.35 Td (Common shares outstanding \(in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.70 595.35 Td (209,150) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.90 595.35 Td (208,356) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 582.35 Td (Mortgages and credit facilities \(principal amount\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.00 582.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.80 582.35 Td (1,235,777) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.00 582.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.10 582.35 Td (1,350,307) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 569.35 Td (Mortgage on equity accounted joint venture \(principal amount at the Company's interest\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.25 569.35 Td (10,752) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 569.35 Td (10,859) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 556.35 Td (Senior unsecured debentures \(principal amount\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.80 556.35 Td (2,175,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.10 556.35 Td (1,875,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 543.35 Td (Convertible debentures \(principal amount\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.70 543.35 Td (392,903) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.90 543.35 Td (392,917) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 530.35 Td (Equity capitalization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 517.35 Td (Common shares \(based on closing per share price of $17.55; December 31, 2013 $17.71\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.80 517.35 Td (3,670,589) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.10 517.35 Td (3,689,981) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 502.35 Td (Total enterprise value \(total capital employed\)) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 406.00 502.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.80 502.35 Td (7,485,021) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.00 502.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.10 502.35 Td (7,319,064) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 488.35 Td (Deb) Tj ET Q q 0 0 0 rg BT 71.70 488.35 Td (t t) Tj ET Q q 0 0 0 rg BT 79.68 488.35 Td (o t) Tj ET Q q 0 0 0 rg BT 89.39 488.35 Td (ot) Tj ET Q q 0 0 0 rg BT 97.04 488.35 Td (al asse) Tj ET Q q 0 0 0 rg BT 121.23 488.35 Td (ts ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 129.80 492.16 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.30 488.35 Td (43.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.40 488.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.55 488.35 Td (42.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 488.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 475.35 Td (Deb) Tj ET Q q 0 0 0 rg BT 71.70 475.35 Td (t t) Tj ET Q q 0 0 0 rg BT 79.68 475.35 Td (o t) Tj ET Q q 0 0 0 rg BT 89.39 475.35 Td (ot) Tj ET Q q 0 0 0 rg BT 97.04 475.35 Td (al asse) Tj ET Q q 0 0 0 rg BT 121.23 475.35 Td (ts \(a) Tj ET Q q 0 0 0 rg BT 136.76 475.35 Td (t in) Tj ET Q q 0 0 0 rg BT 148.45 475.35 Td (v) Tj ET Q q 0 0 0 rg BT 152.43 475.35 Td (es) Tj ET Q q 0 0 0 rg BT 160.32 475.35 Td (t) Tj ET Q q 0 0 0 rg BT 163.24 475.35 Td (ed c) Tj ET Q q 0 0 0 rg BT 178.21 475.35 Td (os) Tj ET Q q 0 0 0 rg BT 186.38 475.35 Td (t\)) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 192.12 479.16 Td ( \(1\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 199.09 479.64 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.30 475.35 Td (51.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.40 475.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.55 475.35 Td (50.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 475.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 462.35 Td (Deb) Tj ET Q q 0 0 0 rg BT 71.70 462.35 Td (t t) Tj ET Q q 0 0 0 rg BT 79.68 462.35 Td (o t) Tj ET Q q 0 0 0 rg BT 89.39 462.35 Td (ot) Tj ET Q q 0 0 0 rg BT 97.04 462.35 Td (al asse) Tj ET Q q 0 0 0 rg BT 121.23 462.35 Td (ts \(based on unsecur) Tj ET Q q 0 0 0 rg BT 196.85 462.35 Td (ed deb) Tj ET Q q 0 0 0 rg BT 221.98 462.35 Td (t c) Tj ET Q q 0 0 0 rg BT 230.76 462.35 Td (o) Tj ET Q q 0 0 0 rg BT 235.47 462.35 Td (v) Tj ET Q q 0 0 0 rg BT 239.45 462.35 Td (enan) Tj ET Q q 0 0 0 rg BT 257.61 462.35 Td (ts\) ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 268.91 466.16 Td (\(1\) \(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.30 462.35 Td (44.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.40 462.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.55 462.35 Td (44.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 462.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 449.35 Td (Deb) Tj ET Q q 0 0 0 rg BT 71.70 449.35 Td (t t) Tj ET Q q 0 0 0 rg BT 79.68 449.35 Td (o en) Tj ET Q q 0 0 0 rg BT 95.58 449.35 Td (t) Tj ET Q q 0 0 0 rg BT 98.50 449.35 Td (erprise v) Tj ET Q q 0 0 0 rg BT 130.02 449.35 Td (alue ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 147.63 453.16 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 153.42 449.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.30 449.35 Td (45.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.40 449.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.55 449.35 Td (44.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 449.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 436.35 Td (Weighted average interest rate on fixed rate debt and senior unsecured debentures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.30 436.35 Td (5.03) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.40 436.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.55 436.35 Td (5.09) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 436.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 423.35 Td (Ne) Tj ET Q q 0 0 0 rg BT 67.24 423.35 Td (t deb) Tj ET Q q 0 0 0 rg BT 86.18 423.35 Td (t/EBITD) Tj ET Q q 0 0 0 rg BT 114.02 423.35 Td (A ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 121.27 427.64 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.90 423.35 Td (8.40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 423.35 Td (8.21) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 410.35 Td (Ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.24 410.35 Td (t ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.29 410.35 Td (deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.18 410.35 Td (t/EBITD) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.02 410.35 Td (A ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.27 410.35 Td ( ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.78 410.35 Td (on ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.29 410.35 Td (run ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.92 410.35 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.87 410.35 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.10 410.35 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.02 410.35 Td (e ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.53 410.35 Td (on ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.04 410.35 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.77 410.35 Td (omponen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 221.03 410.35 Td (ts ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.60 410.35 Td (of ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.13 410.35 Td (EBITD) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.48 410.35 Td (A ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.72 414.64 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 461.90 410.35 Td (8.30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 410.35 Td (8.18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 397.35 Td (W) Tj ET Q q 0 0 0 rg BT 64.68 397.35 Td (eigh) Tj ET Q q 0 0 0 rg BT 80.10 397.35 Td (t) Tj ET Q q 0 0 0 rg BT 83.02 397.35 Td (ed a) Tj ET Q q 0 0 0 rg BT 98.42 397.35 Td (v) Tj ET Q q 0 0 0 rg BT 102.40 397.35 Td (er) Tj ET Q q 0 0 0 rg BT 109.83 397.35 Td (ag) Tj ET Q q 0 0 0 rg BT 118.30 397.35 Td (e ma) Tj ET Q q 0 0 0 rg BT 136.23 397.35 Td (turity on mortg) Tj ET Q q 0 0 0 rg BT 191.97 397.35 Td (ag) Tj ET Q q 0 0 0 rg BT 200.44 397.35 Td (es, other secur) Tj ET Q q 0 0 0 rg BT 254.41 397.35 Td (ed deb) Tj ET Q q 0 0 0 rg BT 279.55 397.35 Td (t and senior unsecur) Tj ET Q q 0 0 0 rg BT 354.12 397.35 Td (ed ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 388.35 Td (deben) Tj ET Q q 0 0 0 rg BT 89.06 388.35 Td (tur) Tj ET Q q 0 0 0 rg BT 99.82 388.35 Td (es \(y) Tj ET Q q 0 0 0 rg BT 116.55 388.35 Td (ear) Tj ET Q q 0 0 0 rg BT 128.32 388.35 Td (s\) ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 136.60 392.16 Td (\(4\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.45 388.35 Td (5.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.60 388.35 Td (5.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 374.35 Td (Unencumbered aggregate assets to unsecured debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 361.35 Td (T) Tj ET Q q 0 0 0 rg BT 66.59 361.35 Td (ot) Tj ET Q q 0 0 0 rg BT 74.24 361.35 Td (al, based on IFR) Tj ET Q q 0 0 0 rg BT 131.37 361.35 Td (S v) Tj ET Q q 0 0 0 rg BT 141.48 361.35 Td (alue ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 159.10 365.16 Td (\(5\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.90 361.35 Td (2.16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 361.35 Td (2.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 348.35 Td (Based on unsecur) Tj ET Q q 0 0 0 rg BT 127.49 348.35 Td (ed deb) Tj ET Q q 0 0 0 rg BT 152.62 348.35 Td (t c) Tj ET Q q 0 0 0 rg BT 161.40 348.35 Td (o) Tj ET Q q 0 0 0 rg BT 166.11 348.35 Td (v) Tj ET Q q 0 0 0 rg BT 170.09 348.35 Td (enan) Tj ET Q q 0 0 0 rg BT 188.25 348.35 Td (ts ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 196.82 352.16 Td (\(6\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.90 348.35 Td (2.06) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 348.35 Td (2.15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 335.35 Td (EBITDA interest coverage) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.90 335.35 Td (2.39) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 335.35 Td (2.38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 321.35 Td (EBITDA interest coverage excluding capitalized interest on development) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.90 321.35 Td (2.75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 321.35 Td (2.76) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 309.04 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 305.70 Td (Calcula) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.22 305.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.49 305.70 Td (ed with the join) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.13 305.70 Td (t v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.15 305.70 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.24 305.70 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.61 305.70 Td (e and Main and Main De) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.42 305.70 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.52 305.70 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.66 305.70 Td (ts pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.33 305.70 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.44 305.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.71 305.70 Td (ely c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.46 305.70 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.43 305.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.70 305.70 Td (ed and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.64 305.70 Td (ash balances r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.77 305.70 Td (educing deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.54 305.70 Td (t.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 297.69 Td (\(2\) ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 294.35 Td (Includes in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.33 294.35 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.43 294.35 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.57 294.35 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.60 294.35 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.53 294.35 Td (operties a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.87 294.35 Td (t IFR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.49 294.35 Td (S v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.34 294.35 Td (alue, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.69 294.35 Td (alcula) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.19 294.35 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.46 294.35 Td (ed using the a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.10 294.35 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.19 294.35 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.97 294.35 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.56 294.35 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.53 294.35 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.43 294.35 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.64 294.35 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.93 294.35 Td (tion r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.13 294.35 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.42 294.35 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.69 294.35 Td (e o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.41 294.35 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.51 294.35 Td (er the las) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.72 294.35 Td (t 10 fisc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.71 294.35 Td (al quart) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.67 294.35 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.47 294.35 Td (s.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 286.29 Td (\(3\) ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 282.95 Td (Calcula) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.22 282.95 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.49 282.95 Td (ed with the join) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.13 282.95 Td (t v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.15 282.95 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.24 282.95 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.61 282.95 Td (e pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.68 282.95 Td (oportiona) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.79 282.95 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.06 282.95 Td (ely c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.80 282.95 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.78 282.95 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.05 282.95 Td (ed and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.99 282.95 Td (ash balances r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.12 282.95 Td (educing deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.88 282.95 Td (t.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 274.89 Td (\(4\) ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 271.55 Td (W) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.97 271.55 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.97 271.55 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.24 271.55 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.22 271.55 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.31 271.55 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.09 271.55 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.68 271.55 Td (e t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.02 271.55 Td (erm t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.39 271.55 Td (o ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.54 271.55 Td (turity is c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.54 271.55 Td (alcula) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.03 271.55 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.30 271.55 Td (ed ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.16 271.55 Td (t of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.40 271.55 Td (ash balances as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.15 271.55 Td (t the end of the period.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 263.49 Td (\(5\) ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 260.15 Td (Includes all unencumber) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.57 260.15 Td (ed asse) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.59 260.15 Td (ts a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.54 260.15 Td (t IFR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.16 260.15 Td (S v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.01 260.15 Td (alues.) 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) Tj ET Q q 0 0 0 rg BT 276.72 664.50 Td (it ) Tj ET Q q 0 0 0 rg BT 284.61 664.50 Td (is ) Tj ET Q q 0 0 0 rg BT 293.07 664.50 Td (the ) Tj ET Q q 0 0 0 rg BT 308.90 664.50 Td (Compan) Tj ET Q q 0 0 0 rg BT 342.60 664.50 Td (y) Tj ET Q q 0 0 0 rg BT 347.43 664.50 Td () Tj ET Q q 0 0 0 rg BT 349.32 664.50 Td (s ) Tj ET Q q 0 0 0 rg BT 355.48 664.50 Td (in) Tj ET Q q 0 0 0 rg BT 362.94 664.50 Td (t) Tj ET Q q 0 0 0 rg BT 366.18 664.50 Td (en) Tj ET Q q 0 0 0 rg BT 376.32 664.50 Td (tion ) Tj ET Q q 0 0 0 rg BT 394.74 664.50 Td (t) Tj ET Q q 0 0 0 rg BT 397.99 664.50 Td (o ) Tj ET Q q 0 0 0 rg BT 405.51 664.50 Td (c) Tj ET Q q 0 0 0 rg BT 409.66 664.50 Td (on) Tj ET Q q 0 0 0 rg BT 420.09 664.50 Td (tinue ) Tj ET Q q 0 0 0 rg BT 443.47 664.50 Td (t) Tj ET Q q 0 0 0 rg BT 446.73 664.50 Td (o ) Tj ET Q q 0 0 0 rg BT 454.25 664.50 Td (sa) Tj ET Q q 0 0 0 rg BT 462.86 664.50 Td (tis) Tj ET Q q 0 0 0 rg BT 472.32 664.50 Td (f) Tj ET Q q 0 0 0 rg BT 475.42 664.50 Td (y ) Tj ET Q q 0 0 0 rg BT 482.20 664.50 Td (its ) Tj ET Q q 0 0 0 rg BT 494.01 664.50 Td (oblig) Tj ET Q q 0 0 0 rg BT 513.64 664.50 Td (a) Tj ET Q q 0 0 0 rg BT 518.34 664.50 Td (tions ) Tj ET Q q 0 0 0 rg BT 540.68 664.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 652.50 Td (principal ) Tj ET Q q 0 0 0 rg BT 101.02 652.50 Td (and ) Tj ET Q q 0 0 0 rg BT 119.19 652.50 Td (in) Tj ET Q q 0 0 0 rg BT 126.65 652.50 Td (t) Tj ET Q q 0 0 0 rg BT 129.89 652.50 Td (er) Tj ET Q q 0 0 0 rg BT 138.22 652.50 Td (es) Tj ET Q q 0 0 0 rg BT 146.99 652.50 Td (t ) Tj ET Q q 0 0 0 rg BT 153.21 652.50 Td (pa) Tj ET Q q 0 0 0 rg BT 163.07 652.50 Td (ymen) Tj ET Q q 0 0 0 rg BT 185.72 652.50 Td (ts ) Tj ET Q q 0 0 0 rg BT 195.85 652.50 Td (in ) Tj ET Q q 0 0 0 rg BT 206.27 652.50 Td (r) Tj ET Q q 0 0 0 rg BT 209.63 652.50 Td (espect ) Tj ET Q q 0 0 0 rg BT 239.19 652.50 Td (of ) Tj ET Q q 0 0 0 rg BT 250.39 652.50 Td (all ) Tj ET Q q 0 0 0 rg BT 262.64 652.50 Td (of ) Tj ET Q q 0 0 0 rg BT 273.83 652.50 Td (its ) Tj ET Q q 0 0 0 rg BT 286.26 652.50 Td (outs) Tj ET Q q 0 0 0 rg BT 303.93 652.50 Td (t) Tj ET Q q 0 0 0 rg BT 307.16 652.50 Td (anding ) Tj ET Q q 0 0 0 rg BT 337.58 652.50 Td (c) Tj ET Q q 0 0 0 rg BT 341.73 652.50 Td (on) Tj ET Q q 0 0 0 rg BT 352.09 652.50 Td (v) Tj ET Q q 0 0 0 rg BT 356.51 652.50 Td (ertible ) Tj ET Q q 0 0 0 rg BT 386.01 652.50 Td (deben) Tj ET Q q 0 0 0 rg BT 411.63 652.50 Td (tur) Tj ET Q q 0 0 0 rg BT 423.59 652.50 Td (es ) Tj ET Q q 0 0 0 rg BT 435.35 652.50 Td (b) Tj ET Q q 0 0 0 rg BT 440.55 652.50 Td (y ) Tj ET Q q 0 0 0 rg BT 447.95 652.50 Td (the ) Tj ET Q q 0 0 0 rg BT 464.40 652.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 501.89 652.50 Td (of ) Tj ET Q q 0 0 0 rg BT 513.08 652.50 Td (c) Tj ET Q q 0 0 0 rg BT 517.23 652.50 Td (ommon ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 640.50 Td (shar) Tj ET Q q 0 0 0 rg BT 80.31 640.50 Td (es;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 622.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 622.50 Td (Ne) Tj ET Q q 0 0 0 rg BT 74.38 622.50 Td (t ) Tj ET Q q 0 0 0 rg BT 79.99 622.50 Td (deb) Tj ET Q q 0 0 0 rg BT 95.43 622.50 Td (t ) Tj ET Q q 0 0 0 rg BT 101.04 622.50 Td (is ) Tj ET Q q 0 0 0 rg BT 109.50 622.50 Td (c) Tj ET Q q 0 0 0 rg BT 113.65 622.50 Td (alcula) Tj ET Q q 0 0 0 rg BT 137.21 622.50 Td (t) Tj ET Q q 0 0 0 rg BT 140.45 622.50 Td (ed ) Tj ET Q q 0 0 0 rg BT 152.94 622.50 Td (as ) Tj ET Q q 0 0 0 rg BT 163.90 622.50 Td (Deb) Tj ET Q q 0 0 0 rg BT 180.24 622.50 Td (t, ) Tj ET Q q 0 0 0 rg BT 188.35 622.50 Td (as ) Tj ET Q q 0 0 0 rg BT 199.31 622.50 Td (de) Tj ET Q q 0 0 0 rg BT 209.45 622.50 Td (fined ) Tj ET Q q 0 0 0 rg BT 232.54 622.50 Td (abo) Tj ET Q q 0 0 0 rg BT 247.81 622.50 Td (v) Tj ET Q q 0 0 0 rg BT 252.23 622.50 Td (e, ) Tj ET Q q 0 0 0 rg BT 261.96 622.50 Td (r) Tj ET Q q 0 0 0 rg BT 265.32 622.50 Td (educed ) Tj ET Q q 0 0 0 rg BT 297.52 622.50 Td (b) Tj ET Q q 0 0 0 rg BT 302.73 622.50 Td (y ) Tj ET Q q 0 0 0 rg BT 309.51 622.50 Td (c) Tj ET Q q 0 0 0 rg BT 313.66 622.50 Td (ash ) Tj ET Q q 0 0 0 rg BT 329.88 622.50 Td (balances ) Tj ET Q q 0 0 0 rg BT 367.63 622.50 Td (a) Tj ET Q q 0 0 0 rg BT 372.33 622.50 Td (t ) Tj ET Q q 0 0 0 rg BT 377.94 622.50 Td (the ) Tj ET Q q 0 0 0 rg BT 393.78 622.50 Td (end ) Tj ET Q q 0 0 0 rg BT 411.53 622.50 Td (of ) Tj ET Q q 0 0 0 rg BT 422.11 622.50 Td (the ) Tj ET Q q 0 0 0 rg BT 437.95 622.50 Td (period; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 604.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 604.50 Td (Secur) Tj ET Q q 0 0 0 rg BT 85.41 604.50 Td (ed ) Tj ET Q q 0 0 0 rg BT 97.90 604.50 Td (indeb) Tj ET Q q 0 0 0 rg BT 120.89 604.50 Td (t) Tj ET Q q 0 0 0 rg BT 124.13 604.50 Td (edness ) Tj ET Q q 0 0 0 rg BT 154.67 604.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 190.40 604.50 Td (mortg) Tj ET Q q 0 0 0 rg BT 215.02 604.50 Td (ag) Tj ET Q q 0 0 0 rg BT 224.43 604.50 Td (es ) Tj ET Q q 0 0 0 rg BT 235.58 604.50 Td (and ) Tj ET Q q 0 0 0 rg BT 253.14 604.50 Td (cr) Tj ET Q q 0 0 0 rg BT 260.72 604.50 Td (edit ) Tj ET Q q 0 0 0 rg BT 278.85 604.50 Td (f) Tj ET Q q 0 0 0 rg BT 281.71 604.50 Td (acilities ) Tj ET Q q 0 0 0 rg BT 314.41 604.50 Td (which ) Tj ET Q q 0 0 0 rg BT 340.85 604.50 Td (ar) Tj ET Q q 0 0 0 rg BT 348.99 604.50 Td (e ) Tj ET Q q 0 0 0 rg BT 356.23 604.50 Td (c) Tj ET Q q 0 0 0 rg BT 360.37 604.50 Td (olla) Tj ET Q q 0 0 0 rg BT 374.93 604.50 Td (t) Tj ET Q q 0 0 0 rg BT 378.18 604.50 Td (er) Tj ET Q q 0 0 0 rg BT 386.43 604.50 Td (aliz) Tj ET Q q 0 0 0 rg BT 399.54 604.50 Td (ed ) Tj ET Q q 0 0 0 rg BT 412.03 604.50 Td (ag) Tj ET Q q 0 0 0 rg BT 421.34 604.50 Td (ains) Tj ET Q q 0 0 0 rg BT 437.48 604.50 Td (t ) Tj ET Q q 0 0 0 rg BT 443.09 604.50 Td (in) Tj ET Q q 0 0 0 rg BT 450.47 604.50 Td (v) Tj ET Q q 0 0 0 rg BT 454.89 604.50 Td (es) Tj ET Q q 0 0 0 rg BT 463.66 604.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 485.14 604.50 Td (t ) Tj ET Q q 0 0 0 rg BT 490.75 604.50 Td (pr) Tj ET Q q 0 0 0 rg BT 499.33 604.50 Td (operty;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 586.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 586.50 Td (En) Tj ET Q q 0 0 0 rg BT 73.04 586.50 Td (t) Tj ET Q q 0 0 0 rg BT 76.29 586.50 Td (erprise v) Tj ET Q q 0 0 0 rg BT 111.30 586.50 Td (alue c) Tj ET Q q 0 0 0 rg BT 135.02 586.50 Td (onsis) Tj ET Q q 0 0 0 rg BT 155.55 586.50 Td (ts of the mark) Tj ET Q q 0 0 0 rg BT 211.99 586.50 Td (e) Tj ET Q q 0 0 0 rg BT 216.91 586.50 Td (t v) Tj ET Q q 0 0 0 rg BT 226.89 586.50 Td (alue of the Compan) Tj ET Q q 0 0 0 rg BT 306.60 586.50 Td (y) Tj ET Q q 0 0 0 rg BT 311.43 586.50 Td () Tj ET Q q 0 0 0 rg BT 313.31 586.50 Td (s c) Tj ET Q q 0 0 0 rg BT 323.63 586.50 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 374.98 586.50 Td (es, the par v) Tj ET Q q 0 0 0 rg BT 424.62 586.50 Td (alue of senior unsecur) Tj ET Q q 0 0 0 rg BT 514.47 586.50 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 574.50 Td (deben) Tj ET Q q 0 0 0 rg BT 88.62 574.50 Td (tur) Tj ET Q q 0 0 0 rg BT 100.58 574.50 Td (es and c) Tj ET Q q 0 0 0 rg BT 133.43 574.50 Td (on) Tj ET Q q 0 0 0 rg BT 143.79 574.50 Td (v) Tj ET Q q 0 0 0 rg BT 148.21 574.50 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 202.72 574.50 Td (tur) Tj ET Q q 0 0 0 rg BT 214.68 574.50 Td (es, and principal amoun) Tj ET Q q 0 0 0 rg BT 311.76 574.50 Td (ts outs) Tj ET Q q 0 0 0 rg BT 338.96 574.50 Td (t) Tj ET Q q 0 0 0 rg BT 342.18 574.50 Td (anding on mortg) Tj ET Q q 0 0 0 rg BT 409.41 574.50 Td (ag) Tj ET Q q 0 0 0 rg BT 418.82 574.50 Td (es and cr) Tj ET Q q 0 0 0 rg BT 455.11 574.50 Td (edit f) Tj ET Q q 0 0 0 rg BT 476.10 574.50 Td (acilities;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 556.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 556.50 Td (EBITD) Tj ET Q q 0 0 0 rg BT 86.72 556.50 Td (A is c) Tj ET Q q 0 0 0 rg BT 107.38 556.50 Td (alcula) Tj ET Q q 0 0 0 rg BT 130.94 556.50 Td (t) Tj ET Q q 0 0 0 rg BT 134.18 556.50 Td (ed as ne) Tj ET Q q 0 0 0 rg BT 167.81 556.50 Td (t inc) Tj ET Q q 0 0 0 rg BT 185.11 556.50 Td (ome, adding back inc) Tj ET Q q 0 0 0 rg BT 270.70 556.50 Td (ome t) Tj ET Q q 0 0 0 rg BT 294.42 556.50 Td (a) Tj ET Q q 0 0 0 rg BT 299.12 556.50 Td (x e) Tj ET Q q 0 0 0 rg BT 310.53 556.50 Td (xpense, in) Tj ET Q q 0 0 0 rg BT 351.45 556.50 Td (t) Tj ET Q q 0 0 0 rg BT 354.69 556.50 Td (er) Tj ET Q q 0 0 0 rg BT 363.02 556.50 Td (es) Tj ET Q q 0 0 0 rg BT 371.79 556.50 Td (t e) Tj ET Q q 0 0 0 rg BT 382.23 556.50 Td (xpense and amortiz) Tj ET Q q 0 0 0 rg BT 461.72 556.50 Td (a) Tj ET Q q 0 0 0 rg BT 466.41 556.50 Td (tion and e) Tj ET Q q 0 0 0 rg BT 507.23 556.50 Td (x) Tj ET Q q 0 0 0 rg BT 511.33 556.50 Td (cluding ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 544.50 Td (the incr) Tj ET Q q 0 0 0 rg BT 93.97 544.50 Td (ease or decr) Tj ET Q q 0 0 0 rg BT 143.72 544.50 Td (ease in the v) Tj ET Q q 0 0 0 rg BT 194.65 544.50 Td (alue of in) Tj ET Q q 0 0 0 rg BT 232.19 544.50 Td (v) Tj ET Q q 0 0 0 rg BT 236.61 544.50 Td (es) Tj ET Q q 0 0 0 rg BT 245.39 544.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 266.86 544.50 Td (t pr) Tj ET Q q 0 0 0 rg BT 281.05 544.50 Td (operties, other g) Tj ET Q q 0 0 0 rg BT 348.45 544.50 Td (ains \(losses\) and \(e) Tj ET Q q 0 0 0 rg BT 424.98 544.50 Td (xpenses\) and other non-c) Tj ET Q q 0 0 0 rg BT 528.03 544.50 Td (ash ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 532.50 Td (or non-r) Tj ET Q q 0 0 0 rg BT 96.22 532.50 Td (ecurring it) Tj ET Q q 0 0 0 rg BT 137.70 532.50 Td (ems. The Compan) Tj ET Q q 0 0 0 rg BT 212.69 532.50 Td (y also adjus) Tj ET Q q 0 0 0 rg BT 259.50 532.50 Td (ts f) Tj ET Q q 0 0 0 rg BT 271.86 532.50 Td (or incr) Tj ET Q q 0 0 0 rg BT 298.01 532.50 Td (emen) Tj ET Q q 0 0 0 rg BT 321.12 532.50 Td (t) Tj ET Q q 0 0 0 rg BT 324.34 532.50 Td (al leasing c) Tj ET Q q 0 0 0 rg BT 368.32 532.50 Td (os) Tj ET Q q 0 0 0 rg BT 377.39 532.50 Td (ts and c) Tj ET Q q 0 0 0 rg BT 408.62 532.50 Td (os) Tj ET Q q 0 0 0 rg BT 417.69 532.50 Td (ts not c) Tj ET Q q 0 0 0 rg BT 447.50 532.50 Td (apit) Tj ET Q q 0 0 0 rg BT 463.06 532.50 Td (aliz) Tj ET Q q 0 0 0 rg BT 476.17 532.50 Td (ed during the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 520.50 Td (de) Tj ET Q q 0 0 0 rg BT 73.18 520.50 Td (v) Tj ET Q q 0 0 0 rg BT 77.60 520.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 113.52 520.50 Td (t period, which ar) Tj ET Q q 0 0 0 rg BT 185.01 520.50 Td (e r) Tj ET Q q 0 0 0 rg BT 195.60 520.50 Td (ec) Tj ET Q q 0 0 0 rg BT 204.72 520.50 Td (ogniz) Tj ET Q q 0 0 0 rg BT 225.98 520.50 Td (ed adjus) Tj ET Q q 0 0 0 rg BT 259.96 520.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 281.43 520.50 Td (ts t) Tj ET Q q 0 0 0 rg BT 294.21 520.50 Td (o FF) Tj ET Q q 0 0 0 rg BT 310.84 520.50 Td (O and AFF) Tj ET Q q 0 0 0 rg BT 352.17 520.50 Td (O) Tj ET Q q 0 0 0 rg BT 358.56 520.50 Td (, r) Tj ET Q q 0 0 0 rg BT 366.67 520.50 Td (espectiv) Tj ET Q q 0 0 0 rg BT 400.08 520.50 Td (ely) Tj ET Q q 0 0 0 rg BT 411.21 520.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 502.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 502.50 Td (Unencumber) Tj ET Q q 0 0 0 rg BT 115.95 502.50 Td (ed asse) Tj ET Q q 0 0 0 rg BT 145.98 502.50 Td (ts include the v) Tj ET Q q 0 0 0 rg BT 207.53 502.50 Td (alue of asse) Tj ET Q q 0 0 0 rg BT 255.22 502.50 Td (ts tha) Tj ET Q q 0 0 0 rg BT 278.04 502.50 Td (t ha) Tj ET Q q 0 0 0 rg BT 293.53 502.50 Td (v) Tj ET Q q 0 0 0 rg BT 297.95 502.50 Td (e not been pledg) Tj ET Q q 0 0 0 rg BT 366.45 502.50 Td (ed as security under an) Tj ET Q q 0 0 0 rg BT 460.53 502.50 Td (y cr) Tj ET Q q 0 0 0 rg BT 474.90 502.50 Td (edit agr) Tj ET Q q 0 0 0 rg BT 505.89 502.50 Td (eemen) Tj ET Q q 0 0 0 rg BT 533.96 502.50 Td (t or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 490.50 Td (mortg) Tj ET Q q 0 0 0 rg BT 87.62 490.50 Td (ag) Tj ET Q q 0 0 0 rg BT 97.03 490.50 Td (e, e) Tj ET Q q 0 0 0 rg BT 111.59 490.50 Td (x) Tj ET Q q 0 0 0 rg BT 115.70 490.50 Td (cluding in) Tj ET Q q 0 0 0 rg BT 154.63 490.50 Td (v) Tj ET Q q 0 0 0 rg BT 159.04 490.50 Td (es) Tj ET Q q 0 0 0 rg BT 167.82 490.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 189.29 490.50 Td (t pr) Tj ET Q q 0 0 0 rg BT 203.48 490.50 Td (operties under de) Tj ET Q q 0 0 0 rg BT 275.93 490.50 Td (v) Tj ET Q q 0 0 0 rg BT 280.35 490.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 316.27 490.50 Td (t and de) Tj ET Q q 0 0 0 rg BT 349.58 490.50 Td (f) Tj ET Q q 0 0 0 rg BT 352.38 490.50 Td (err) Tj ET Q q 0 0 0 rg BT 364.20 490.50 Td (ed t) Tj ET Q q 0 0 0 rg BT 379.92 490.50 Td (a) Tj ET Q q 0 0 0 rg BT 384.62 490.50 Td (x asse) Tj ET Q q 0 0 0 rg BT 408.74 490.50 Td (ts. The unencumber) Tj ET Q q 0 0 0 rg BT 489.94 490.50 Td (ed asse) Tj ET Q q 0 0 0 rg BT 519.97 490.50 Td (t v) Tj ET Q q 0 0 0 rg BT 529.95 490.50 Td (alue ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 478.50 Td (r) Tj ET Q q 0 0 0 rg BT 66.28 478.50 Td (a) Tj ET Q q 0 0 0 rg BT 70.98 478.50 Td (tio is c) Tj ET Q q 0 0 0 rg BT 96.77 478.50 Td (alcula) Tj ET Q q 0 0 0 rg BT 120.33 478.50 Td (t) Tj ET Q q 0 0 0 rg BT 123.57 478.50 Td (ed as unencumber) Tj ET Q q 0 0 0 rg BT 198.82 478.50 Td (ed asse) Tj ET Q q 0 0 0 rg BT 228.84 478.50 Td (ts divided b) Tj ET Q q 0 0 0 rg BT 275.67 478.50 Td (y the principal amoun) Tj ET Q q 0 0 0 rg BT 364.18 478.50 Td (t of the unsecur) Tj ET Q q 0 0 0 rg BT 428.44 478.50 Td (ed deb) Tj ET Q q 0 0 0 rg BT 456.37 478.50 Td (t, which c) Tj ET Q q 0 0 0 rg BT 495.07 478.50 Td (onsis) Tj ET Q q 0 0 0 rg BT 515.60 478.50 Td (ts of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 466.50 Td (the senior unsecur) Tj ET Q q 0 0 0 rg BT 138.53 466.50 Td (ed deben) Tj ET Q q 0 0 0 rg BT 176.64 466.50 Td (tur) Tj ET Q q 0 0 0 rg BT 188.60 466.50 Td (es;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 448.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 448.50 Td (Run r) Tj ET Q q 0 0 0 rg BT 84.48 448.50 Td (a) Tj ET Q q 0 0 0 rg BT 89.18 448.50 Td (t) Tj ET Q q 0 0 0 rg BT 92.42 448.50 Td (e is an annualiz) Tj ET Q q 0 0 0 rg BT 154.08 448.50 Td (ed NOI f) Tj ET Q q 0 0 0 rg BT 187.27 448.50 Td (or a pr) Tj ET Q q 0 0 0 rg BT 213.92 448.50 Td (operty based upon the e) Tj ET Q q 0 0 0 rg BT 313.45 448.50 Td (xis) Tj ET Q q 0 0 0 rg BT 323.88 448.50 Td (ting t) Tj ET Q q 0 0 0 rg BT 344.99 448.50 Td (enan) Tj ET Q q 0 0 0 rg BT 365.17 448.50 Td (ts in place and curr) Tj ET Q q 0 0 0 rg BT 442.18 448.50 Td (en) Tj ET Q q 0 0 0 rg BT 452.32 448.50 Td (t oper) Tj ET Q q 0 0 0 rg BT 476.72 448.50 Td (a) Tj ET Q q 0 0 0 rg BT 481.41 448.50 Td (ting c) Tj ET Q q 0 0 0 rg BT 503.42 448.50 Td (os) Tj ET Q q 0 0 0 rg BT 512.50 448.50 Td (t pr) Tj ET Q q 0 0 0 rg BT 526.69 448.50 Td (ofile ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 436.50 Td (f) Tj ET Q q 0 0 0 rg BT 65.84 436.50 Td (or the pr) Tj ET Q q 0 0 0 rg BT 101.28 436.50 Td (operty) Tj ET Q q 0 0 0 rg BT 127.49 436.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 418.50 Td (The r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.72 418.50 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.81 418.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.04 418.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.74 418.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.98 418.50 Td (e business is c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.86 418.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.42 418.50 Td (al in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.22 418.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.47 418.50 Td (ensiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.32 418.50 Td (e b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.76 418.50 Td (y na) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.50 418.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.46 418.50 Td (e. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.29 418.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.12 418.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.00 418.50 Td (s c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.32 418.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.89 418.50 Td (al s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.03 418.50 Td (tructur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.31 418.50 Td (e is k) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.23 418.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 423.15 418.50 Td (y t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.18 418.50 Td (o financing gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.14 418.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.38 418.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.54 418.50 Td (th and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 406.50 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 406.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.81 406.50 Td (viding sus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.35 406.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.58 406.50 Td (ainable c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.64 406.50 Td (ash dividends t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.38 406.50 Td (o shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.22 406.50 Td (eholder) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.57 406.50 Td (s. In the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.49 406.50 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.59 406.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.81 406.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.51 406.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.75 406.50 Td (e indus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.84 406.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.73 406.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.54 406.50 Td (, financial le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.03 406.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.45 406.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.71 406.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.12 406.50 Td (e is used t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.73 406.50 Td (o enhance ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 394.50 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.28 394.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.98 394.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.22 394.50 Td (es of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.31 394.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.23 394.50 Td (turn on in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.01 394.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.42 394.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.20 394.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.44 394.50 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.08 394.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.64 394.50 Td (al. Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.52 394.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.62 394.50 Td (t belie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.98 394.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.40 394.50 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.85 394.50 Td (t the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.44 394.50 Td (ombina) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.20 394.50 Td (tion of deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.66 394.50 Td (t, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.91 394.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.27 394.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.69 394.50 Td (ertible deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.20 394.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.16 394.50 Td (es and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 382.50 Td (equity in Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.93 382.50 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.73 382.50 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.24 382.50 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.84 382.50 Td (ealty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.08 382.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.96 382.50 Td (s c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.28 382.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.84 382.50 Td (al s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.99 382.50 Td (tructur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.27 382.50 Td (e pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.08 382.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.31 382.50 Td (vides s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 284.32 382.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.55 382.50 Td (ability and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.53 382.50 Td (educes risk, while g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.23 382.50 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.72 382.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.42 382.50 Td (ting an accep) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.02 382.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.25 382.50 Td (able r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.18 382.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 522.10 382.50 Td (turn ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 370.50 Td (on in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.17 370.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.59 370.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.36 370.50 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.84 370.50 Td (t, t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.17 370.50 Td (aking in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.48 370.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.73 370.50 Td (o acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.43 370.50 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.12 370.50 Td (t the long-t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.40 370.50 Td (erm business s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.94 370.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.57 370.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.27 370.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.51 370.50 Td (egy of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.11 370.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.98 370.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 352.50 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 352.50 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.00 352.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.44 352.50 Td (tinues t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.99 352.50 Td (o mak) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.52 352.50 Td (e sub) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.13 352.50 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.93 352.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.16 352.50 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.11 352.50 Td (tial pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.68 352.50 Td (ogr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.01 352.50 Td (ess in r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.24 352.50 Td (educing the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.45 352.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.52 352.50 Td (t of deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.16 352.50 Td (t and e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.15 352.50 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.51 352.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.75 352.50 Td (ending and s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.11 352.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.34 352.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.93 352.50 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.55 352.50 Td (ering deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 522.97 352.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 340.50 Td (ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.69 340.50 Td (turities. Impr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.47 340.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.70 340.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.12 340.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.22 340.50 Td (ts ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.62 340.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.04 340.50 Td (e been made in k) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.30 340.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.21 340.50 Td (y deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.44 340.50 Td (t me) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.96 340.50 Td (trics o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.72 340.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.14 340.50 Td (er the pas) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.54 340.50 Td (t se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.99 340.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 379.41 340.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.67 340.50 Td (al y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.42 340.50 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.50 340.50 Td (s including w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.83 340.50 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.97 340.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.21 340.50 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.32 340.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.74 340.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.00 340.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 526.41 340.50 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 328.50 Td (in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.46 328.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.70 328.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.03 328.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.80 328.50 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.69 328.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.39 328.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.63 328.50 Td (e, w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.43 328.50 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.56 328.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.81 328.50 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.92 328.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.34 328.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.60 328.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.01 328.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.60 328.50 Td (emaining t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.66 328.50 Td (erm, and in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.88 328.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.13 328.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.46 328.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.23 328.50 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.99 328.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.22 328.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.63 328.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.89 328.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.31 328.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.82 328.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.52 328.50 Td (tios. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 310.50 Td (Since ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.61 310.50 Td (Januar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.42 310.50 Td (y 1, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.30 310.50 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.61 310.50 Td (y has issued ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.47 310.50 Td ($750 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.70 310.50 Td ( of unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.78 310.50 Td (ed deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.71 310.50 Td (t f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.16 310.50 Td (or t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.42 310.50 Td (erms fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.42 310.50 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.94 310.50 Td (7.8) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.61 310.50 Td ( y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.27 310.50 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.35 310.50 Td (s t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.78 310.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.31 310.50 Td (10.4) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 504.04 310.50 Td ( y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.70 310.50 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 523.79 310.50 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 298.50 Td (using cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.60 298.50 Td (ain pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.78 298.50 Td (oceeds t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.91 298.50 Td (o r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.80 298.50 Td (epa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.63 298.50 Td (y early o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.98 298.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.40 298.50 Td (er $250 million in deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.86 298.50 Td (t and o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.26 298.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.68 298.50 Td (er $165 million in deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.14 298.50 Td (t upon ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.73 298.50 Td (turity r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.61 298.50 Td (esulting in an ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 286.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.82 286.50 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.18 286.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.43 286.50 Td (ension of the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.32 286.50 Td (erm t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.28 286.50 Td (o ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.50 286.50 Td (turity f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.86 286.50 Td (or all t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.77 286.50 Td (erm deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.92 286.50 Td (t fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.91 286.50 Td (om 5.3 y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.75 286.50 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.83 286.50 Td (s a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.70 286.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.31 286.50 Td (Januar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.13 286.50 Td (y 1, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.01 286.50 Td ( t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.52 286.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.06 286.50 Td (5.7) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.72 286.50 Td ( y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.38 286.50 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.46 286.50 Td (s a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.33 286.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.94 286.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.62 286.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.53 286.50 Td (. In ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 274.50 Td (addition, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.07 274.50 Td (y incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.99 274.50 Td (eased its equity c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.03 274.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.60 274.50 Td (al b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.15 274.50 Td (y appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.56 274.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.63 274.50 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.95 274.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.19 274.50 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.25 274.50 Td ($44 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.41 274.50 Td ( since the beginning of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.27 274.50 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.55 274.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 256.50 Td (These financings, along with planned and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.97 256.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.71 256.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.95 256.50 Td (ed financings sub) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.11 256.50 Td (sequen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.64 256.50 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.50 256.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.04 256.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.72 256.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.63 256.50 Td (, and a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.57 256.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.94 256.50 Td (ailability on e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.99 256.50 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 532.42 256.50 Td (ting ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 244.50 Td (cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.58 244.50 Td (edit f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.57 244.50 Td (acilities, addr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.42 244.50 Td (ess sub) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.85 244.50 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.64 244.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.87 244.50 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.82 244.50 Td (tially all of the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.06 244.50 Td (emaining c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.02 244.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.46 244.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.09 244.50 Td (actual 2014 deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.03 244.50 Td (t ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.32 244.50 Td (turities and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.20 244.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.64 244.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.27 244.50 Td (actually c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.20 244.50 Td (ommit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.96 244.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 528.20 244.50 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 232.50 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 232.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.22 232.50 Td (ts t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.99 232.50 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.67 232.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.40 232.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.65 232.50 Td (e curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.21 232.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.34 232.50 Td (t de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.13 232.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.55 232.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.47 232.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.66 232.50 Td (ojects.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 214.50 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 214.50 Td (y also uses c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.84 214.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.21 214.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.63 214.50 Td (ertible deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.14 214.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.09 214.50 Td (es as a part of its o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.03 214.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.45 214.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.70 214.50 Td (all c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.49 214.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.06 214.50 Td (al s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.20 214.50 Td (tructur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.48 214.50 Td (e. Consis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.10 214.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.34 214.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.48 214.50 Td (t with Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.60 214.50 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.40 214.50 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.91 214.50 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 202.50 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 202.50 Td (ealty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.49 202.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.38 202.50 Td (s pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.08 202.50 Td (actice, it is the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.63 202.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.46 202.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.34 202.50 Td (s curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.83 202.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.97 202.50 Td (t in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.04 202.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.28 202.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.42 202.50 Td (tion t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.10 202.50 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.78 202.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.22 202.50 Td (tinue t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.86 202.50 Td (o sa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.00 202.50 Td (tis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.46 202.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.56 202.50 Td (y its oblig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.80 202.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.50 202.50 Td (tions of principal and in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.86 202.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.10 202.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.43 202.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.21 202.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 190.50 Td (pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.86 190.50 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.51 190.50 Td (ts in r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.20 190.50 Td (espect of all of its outs) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.46 190.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.68 190.50 Td (anding c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.64 190.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.00 190.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.42 190.50 Td (ertible deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.93 190.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.89 190.50 Td (es thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.97 190.50 Td (ough the issuance of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.17 190.50 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.52 190.50 Td (es. Since ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 178.50 Td (issuance, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.92 178.50 Td (y has made all principal and in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.26 178.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.50 178.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.83 178.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.61 178.50 Td (t pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.08 178.50 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.73 178.50 Td (ts on its c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.00 178.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.36 178.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.78 178.50 Td (ertible deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.29 178.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.25 178.50 Td (es using c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.22 178.50 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 533.57 178.50 Td (es.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 160.50 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 160.50 Td (y in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.31 160.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.55 160.50 Td (ends t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.46 160.50 Td (o main) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.23 160.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.46 160.50 Td (ain financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.37 160.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.07 160.50 Td (eng) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.86 160.50 Td (th t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.98 160.50 Td (o achie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.00 160.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.42 160.50 Td (e the lo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.03 160.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.09 160.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.86 160.50 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.62 160.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.69 160.50 Td (t of deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.33 160.50 Td (t and equity c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.56 160.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.12 160.50 Td (al o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.70 160.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 489.12 160.50 Td (er the long ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 148.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.24 148.50 Td (erm. When it is deemed appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.80 148.50 Td (opria) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.80 148.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.04 148.50 Td (e, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 259.32 148.50 Td (y will r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.68 148.50 Td (aise equity as a sour) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.62 148.50 Td (ce of financing and ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.21 148.50 Td (y s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.80 148.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.43 148.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.13 148.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.37 148.50 Td (egic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.49 148.50 Td (ally sell ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 136.50 Td (non-c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.99 136.50 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.62 136.50 Td (e asse) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.39 136.50 Td (ts t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.16 136.50 Td (o bes) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.72 136.50 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.69 136.50 Td (edeplo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.66 136.50 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.59 136.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.16 136.50 Td (al and t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.29 136.50 Td (ak) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.31 136.50 Td (e adv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.96 136.50 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.91 136.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.13 136.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.55 136.50 Td (e of mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.86 136.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.78 136.50 Td (t opportunities.) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (48) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.00 Td (Cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.48 693.00 Td (edit Ra) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.35 693.00 Td (tings) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 678.00 Td (Since No) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.29 678.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.71 678.00 Td (ember 14, 2012, DBR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.46 678.00 Td (S r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.60 678.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.30 678.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.54 678.00 Td (es the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.23 678.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.06 678.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.95 678.00 Td (s senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.81 678.00 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.92 678.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.88 678.00 Td (es as ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.98 678.00 Td (BBB \(high\)) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.14 678.00 Td ( with a ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.76 678.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.56 678.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.78 678.00 Td (able) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.10 678.00 Td ( tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.06 678.00 Td (end. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 666.00 Td (Acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.16 666.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.78 666.00 Td (ding t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.81 666.00 Td (o DBR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.23 666.00 Td (S, a cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.21 666.00 Td (edit r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.63 666.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.33 666.00 Td (ting in the BBB c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.57 666.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.26 666.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.51 666.00 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.12 666.00 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.93 666.00 Td (y is g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.81 666.00 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.29 666.00 Td (ally an indic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.01 666.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.71 666.00 Td (tion of adequa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.95 666.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.19 666.00 Td (e cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.01 666.00 Td (edit quality and an ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 654.00 Td (accep) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.43 654.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.66 654.00 Td (able c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.38 654.00 Td (apacity f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.72 654.00 Td (or the pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.44 654.00 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.09 654.00 Td (t of financial oblig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.44 654.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.13 654.00 Td (tions. DBR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.89 654.00 Td (S indic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.99 654.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.69 654.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.93 654.00 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.38 654.00 Td (t BBB r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.85 654.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.54 654.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.79 654.00 Td (ed oblig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.92 654.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.61 654.00 Td (tions ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.55 654.00 Td (y be vulner) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.40 654.00 Td (able ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 642.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.25 642.00 Td (o futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.05 642.00 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.21 642.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.63 642.00 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.77 642.00 Td (ts. A r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.14 642.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.84 642.00 Td (ting tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.41 642.00 Td (end, e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.47 642.00 Td (xpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.41 642.00 Td (essed as positiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.46 642.00 Td (e, s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.99 642.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.22 642.00 Td (able or neg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.56 642.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.26 642.00 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.33 642.00 Td (e, pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.64 642.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.87 642.00 Td (vides guidance in r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.26 642.00 Td (espect of DBR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.69 642.00 Td (S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.22 642.00 Td ( opinion ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 630.00 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 630.00 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.85 630.00 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.99 630.00 Td (ding the outlook f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.97 630.00 Td (or the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.11 630.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.81 630.00 Td (ting in ques) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.77 630.00 Td (tion. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 612.00 Td (Since No) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.29 612.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 93.71 612.00 Td (ember 20, 2012, Moody) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.75 612.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.64 612.00 Td (s r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.09 612.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.79 612.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.03 612.00 Td (es the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.72 612.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.55 612.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.44 612.00 Td (s senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.30 612.00 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.41 612.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.37 612.00 Td (es as ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.48 612.00 Td (Baa2) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.56 612.00 Td ( with a ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.18 612.00 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.98 612.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.21 612.00 Td (able) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.52 612.00 Td ( outlook. As ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 600.00 Td (de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.14 600.00 Td (fined b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.44 600.00 Td (y Moody) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.40 600.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.29 600.00 Td (s, a cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.59 600.00 Td (edit r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.01 600.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.70 600.00 Td (ting of Baa2 denot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.50 600.00 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.95 600.00 Td (t these deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.91 600.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.87 600.00 Td (es ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.16 600.00 Td (e subject t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.27 600.00 Td (o moder) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.58 600.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.28 600.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.52 600.00 Td (e cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.34 600.00 Td (edit risk and ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 525.67 600.00 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 588.00 Td (medium gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.00 588.00 Td (ade and, as such, ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.30 588.00 Td (y possess cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.41 588.00 Td (ain specula) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.62 588.00 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.69 588.00 Td (e char) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.48 588.00 Td (act) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.74 588.00 Td (eris) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.29 588.00 Td (tics. A r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.19 588.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 379.89 588.00 Td (ting outlook pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.86 588.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.09 588.00 Td (vided b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.85 588.00 Td (y Moody) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.82 588.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.70 588.00 Td (s, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 576.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.82 576.00 Td (xpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.76 576.00 Td (essed as positiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.81 576.00 Td (e, s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.34 576.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.57 576.00 Td (able, neg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.39 576.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.09 576.00 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.15 576.00 Td (e or de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.59 576.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.01 576.00 Td (eloping) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.17 576.00 Td (, is an opinion r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.21 576.00 Td (eg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.71 576.00 Td (ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.85 576.00 Td (ding the outlook f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.83 576.00 Td (or the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.97 576.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.67 576.00 Td (ting in ques) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.63 576.00 Td (tion o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 523.29 576.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.71 576.00 Td (er ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 564.00 Td (the medium t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.10 564.00 Td (erm. ) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 540.60 Td (Consolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.63 540.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.64 540.60 Td (ed Deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.83 540.60 Td (t and Principal Amortiz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.73 540.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.54 540.60 Td (tion Ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.55 540.60 Td (turity Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.43 540.60 Td (ofile) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 530.1 m 298.5 530.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 508.1 m 298.5 508.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 530.1 m 373.5 530.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 508.1 m 373.5 508.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 530.1 m 433.5 530.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 508.1 m 433.5 508.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 530.1 m 493.5 530.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.5 508.1 m 493.5 508.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 530.1 m 553.5 530.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 508.1 m 553.5 508.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 362.1 m 298.5 362.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 362.1 m 298.5 362.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 349.1 m 298.5 349.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 362.1 m 373.5 362.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 349.1 m 373.5 349.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 362.1 m 433.5 362.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 349.1 m 433.5 349.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.5 362.1 m 493.5 362.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.5 349.1 m 493.5 349.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 362.1 m 553.5 362.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 349.1 m 553.5 349.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298.5 324.1 m 373.5 324.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 324.1 m 433.5 324.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.5 324.1 m 493.5 324.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 324.1 m 553.5 324.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 324.1 m 298.5 324.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 309.1 m 298.5 309.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 309.1 m 373.5 309.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 309.1 m 433.5 309.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 309.1 m 493.5 309.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 309.1 m 553.5 309.1 l s BT /F4 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 512.48 Td (\(thousands of dollars, except for other data\)) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.20 519.98 Td (Mortgages and) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.55 512.48 Td (Other Secured Debt) Tj ET Q BT /F3 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 376.15 519.98 Td (Senior Unsecured) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 394.45 512.48 Td (Debentures) Tj ET Q BT /F3 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.30 512.48 Td (Total) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.65 512.48 Td (% Due) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 498.85 Td (2014 \(remainder of the year\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.00 498.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.60 498.85 Td (137,158) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.00 498.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.60 498.85 Td (100,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.00 498.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.60 498.85 Td (237,158) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.55 498.85 Td (6.95) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 498.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 483.85 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.60 483.85 Td (242,117) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.60 483.85 Td (125,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.60 483.85 Td (367,117) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.00 483.85 Td (10.76) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 483.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 469.85 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.60 469.85 Td (178,435) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.10 469.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.60 469.85 Td (178,435) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.55 469.85 Td (5.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 469.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 456.85 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.60 456.85 Td (103,423) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.60 456.85 Td (250,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.60 456.85 Td (353,423) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.00 456.85 Td (10.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 456.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 443.85 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.60 443.85 Td (139,531) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.60 443.85 Td (150,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.60 443.85 Td (289,531) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.55 443.85 Td (8.49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 443.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 430.85 Td (2019) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.60 430.85 Td (120,268) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.60 430.85 Td (150,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.60 430.85 Td (270,268) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.55 430.85 Td (7.92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 430.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 417.85 Td (2020) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.15 417.85 Td (57,530) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.60 417.85 Td (175,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.60 417.85 Td (232,530) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.55 417.85 Td (6.82) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 417.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 404.85 Td (2021) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.15 404.85 Td (83,055) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.60 404.85 Td (175,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.60 404.85 Td (258,055) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.55 404.85 Td (7.57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 404.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 391.85 Td (2022) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.60 391.85 Td (170,862) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.60 391.85 Td (450,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.60 391.85 Td (620,862) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.00 391.85 Td (18.20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 391.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 378.85 Td (2023) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.75 378.85 Td (1,214) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.60 378.85 Td (300,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.60 378.85 Td (301,214) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.55 378.85 Td (8.83) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 378.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 365.85 Td (2024 2025) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.75 365.85 Td (2,184) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.60 365.85 Td (300,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.60 365.85 Td (302,184) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.55 365.85 Td (8.87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 365.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.80 352.85 Td (1,235,777) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.80 352.85 Td (2,175,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.80 352.85 Td (3,410,777) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.85 352.85 Td (100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 352.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 339.85 Td (Add \(deduct\): unamortiz) Tj ET Q q 0 0 0 rg BT 146.36 339.85 Td (ed de) Tj ET Q q 0 0 0 rg BT 166.73 339.85 Td (f) Tj ET Q q 0 0 0 rg BT 169.25 339.85 Td (err) Tj ET Q q 0 0 0 rg BT 179.88 339.85 Td (ed financing c) Tj ET Q q 0 0 0 rg BT 230.31 339.85 Td (os) Tj ET Q q 0 0 0 rg BT 238.47 339.85 Td (ts) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 330.85 Td (and pr) Tj ET Q q 0 0 0 rg BT 89.55 330.85 Td (emium and disc) Tj ET Q q 0 0 0 rg BT 147.08 330.85 Td (oun) Tj ET Q q 0 0 0 rg BT 161.20 330.85 Td (ts, ne) Tj ET Q q 0 0 0 rg BT 181.18 330.85 Td (t) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.75 328.85 Td (9,914) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.45 328.85 Td (\(10,864) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.25 328.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.80 328.85 Td (\(950) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.25 328.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.40 328.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 328.85 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.00 313.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.80 313.85 Td (1,245,691) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.00 313.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.80 313.85 Td (2,164,136) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.00 313.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.80 313.85 Td (3,409,827) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.85 313.85 Td (100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.55 313.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (49) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.00 Td (Mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.85 693.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.33 693.00 Td (es and Cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.87 693.00 Td (edit F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.35 693.00 Td (acilities) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 678.00 Td (The chang) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.51 678.00 Td (es in the book v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.29 678.00 Td (alue of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.00 678.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.82 678.00 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.71 678.00 Td (s mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.50 678.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.91 678.00 Td (es and cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.20 678.00 Td (edit f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.19 678.00 Td (acilities during the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.24 678.00 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.20 678.00 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.83 678.00 Td (ths ended ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 666.00 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.68 666.00 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.59 666.00 Td (, which e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.61 666.00 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.72 666.00 Td (cludes the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.73 666.00 Td ($10.8 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.49 666.00 Td ( mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.37 666.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.78 666.00 Td (e on the equity acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.73 666.00 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.41 666.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.66 666.00 Td (ed join) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.27 666.00 Td (t v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.30 666.00 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.43 666.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.39 666.00 Td (e, ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.27 666.00 Td (e se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.34 666.00 Td (t out belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 519.84 666.00 Td (w: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 655.5 m 350.5 655.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 624.5 m 350.5 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 655.5 m 405.5 655.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 624.5 m 405.5 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 655.5 m 453.5 655.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405.5 624.5 m 453.5 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 655.5 m 501.5 655.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.5 624.5 m 501.5 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 655.5 m 556.5 655.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 624.5 m 556.5 624.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 624.5 m 350.5 624.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 624.5 m 405.5 624.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.5 624.5 m 501.5 624.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 624.5 m 556.5 624.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 559.5 m 350.5 559.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 559.5 m 405.5 559.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405.5 559.5 m 453.5 559.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.5 559.5 m 501.5 559.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 559.5 m 556.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 544.5 m 350.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 544.5 m 405.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 544.5 m 453.5 544.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.5 559.5 m 501.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 544.5 m 501.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 544.5 m 556.5 544.5 l s BT /F4 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 628.88 Td (\(thousands of dollars, except for percentages\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 356.20 643.88 Td (Mortgages and) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 358.05 636.38 Td (Other Secured) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 387.20 628.88 Td (Debt) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 420.60 643.88 Td (Weighted) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 425.45 636.38 Td (Average) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 411.00 628.88 Td (Interest Rate) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 460.60 636.38 Td (Outstanding) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 472.60 628.88 Td (cheques) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 553.00 636.38 Td () Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 538.30 628.88 Td (Total) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 615.25 Td (Balance, December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 353.00 615.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.80 615.25 Td (1,361,583) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.55 615.25 Td (5.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.55 615.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.00 615.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.75 615.25 Td (5,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.00 615.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.80 615.25 Td (1,366,583) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 602.25 Td (Additional borrowings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.10 602.25 Td (33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.55 602.25 Td (2.72) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.55 602.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.10 602.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.10 602.25 Td (33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 589.25 Td (Repayments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.90 589.25 Td (\(105,310) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.25 589.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.55 589.25 Td (5.70) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.55 589.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.00 589.25 Td (\(5,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.25 589.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.90 589.25 Td (\(110,310) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.25 589.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 576.25 Td (Scheduled amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.00 576.25 Td (\(9,249) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.25 576.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.10 576.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.00 576.25 Td (\(9,249) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.25 576.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 563.25 Td (Amortization and expensing of issue costs and net premium) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.00 563.25 Td (\(1,366) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.25 563.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.10 563.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.00 563.25 Td (\(1,366) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.25 563.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 549.25 Td (Balance, March 31, 2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 549.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.80 549.25 Td (1,245,691) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.55 549.25 Td (5.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.55 549.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.00 549.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.10 549.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.00 549.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.80 549.25 Td (1,245,691) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 527.00 Td (As a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.66 527.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.27 527.00 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.95 527.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.85 527.00 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.61 527.00 Td (99%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.90 527.00 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.19 527.00 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.65 527.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.15 527.00 Td (97%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 273.44 527.00 Td (\) of the outs) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.83 527.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.06 527.00 Td (anding mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.49 527.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.91 527.00 Td (e and pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 423.28 527.00 Td (operty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.93 527.00 Td (-specific deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.93 527.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 515.00 Td (liabilities bor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.19 515.00 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.88 515.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.13 515.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.46 515.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.23 515.00 Td (t a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.54 515.00 Td (t fix) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.56 515.00 Td (ed in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.51 515.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.75 515.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.08 515.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.86 515.00 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.75 515.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.45 515.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.69 515.00 Td (es. The fix) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.14 515.00 Td (ed mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.25 515.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.66 515.00 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.18 515.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.88 515.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.12 515.00 Td (es pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.84 515.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.07 515.00 Td (vide an e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.57 515.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.52 515.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.32 515.00 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.59 515.00 Td (e ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.51 515.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.74 515.00 Td (ching f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.58 515.00 Td (or r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.96 515.00 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.09 515.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.32 515.00 Td (al inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.36 515.00 Td (ome ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 503.00 Td (fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 60.38 503.00 Td (om leases, which typic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.52 503.00 Td (ally ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.57 503.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.99 503.00 Td (e fix) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.64 503.00 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.37 503.00 Td (erms r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.27 503.00 Td (anging fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.92 503.00 Td (om fiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.21 503.00 Td (e t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.70 503.00 Td (o 10 y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.03 503.00 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.11 503.00 Td (s, and incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.47 503.00 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.57 503.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.80 503.00 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.29 503.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.72 503.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.35 503.00 Td (actual r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.68 503.00 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.81 503.00 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.22 503.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.46 503.00 Td (ep) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.65 503.00 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 491.00 Td (during the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.59 491.00 Td (erm of the lease. The a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.45 491.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.87 491.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.13 491.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.54 491.00 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.13 491.00 Td (emaining t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.19 491.00 Td (erm of mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.11 491.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.52 491.00 Td (es outs) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.34 491.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.57 491.00 Td (anding has incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.73 491.00 Td (eased fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.28 491.00 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.80 491.00 Td (4.0) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.46 491.00 Td ( y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.13 491.00 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 507.21 491.00 Td (s as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.04 491.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 479.00 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.46 479.00 Td ( on ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.51 479.00 Td ($1.4 billion) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.46 479.00 Td ( of mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.93 479.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.34 479.00 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.74 479.00 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.28 479.00 Td (4.1) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.94 479.00 Td ( y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.60 479.00 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.68 479.00 Td (s as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.51 479.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.13 479.00 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.80 479.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.71 479.00 Td ( on ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.76 479.00 Td ($1.2 billion) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.71 479.00 Td ( of mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.18 479.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 492.59 479.00 Td (es a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.47 479.00 Td (ft) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.77 479.00 Td (er ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 467.00 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 467.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.24 467.00 Td (flecting the applic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.53 467.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.23 467.00 Td (tion of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.39 467.00 Td (ash balances, borr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.20 467.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.44 467.00 Td (wing activity) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.74 467.00 Td (, assump) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.56 467.00 Td (tions and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.82 467.00 Td (epa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.65 467.00 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.30 467.00 Td (ts during the period. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 449.00 Td (During the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.25 449.00 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.21 449.00 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.84 449.00 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.27 449.00 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.18 449.00 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.48 449.00 Td (y pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.88 449.00 Td (epaid or r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.08 449.00 Td (epaid a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.61 449.00 Td (t ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.90 449.00 Td (turity ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.42 449.00 Td ($105.3 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.25 449.00 Td ( amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 517.97 449.00 Td (t of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 437.00 Td (mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.62 437.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.03 437.00 Td (e financing with a w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.08 437.00 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.22 437.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.46 437.00 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.57 437.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.99 437.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.25 437.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.66 437.00 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 243.36 437.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.60 437.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.93 437.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.70 437.00 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.59 437.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.29 437.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.53 437.00 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.36 437.00 Td (5.7%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.17 437.00 Td ( per annum. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 419.00 Td (During the thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.21 419.00 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.84 419.00 Td (ths ended ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.59 419.00 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.27 419.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.18 419.00 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.48 419.00 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.41 419.00 Td (ommit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.17 419.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.41 419.00 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.15 419.00 Td (o finance appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.42 419.00 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 422.50 419.00 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.81 419.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.05 419.00 Td (ely $66.0 million of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 407.00 Td (mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.62 407.00 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.03 407.00 Td (es which will be secur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.13 407.00 Td (ed on tw) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.81 407.00 Td (o of its pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.33 407.00 Td (operties.) Tj ET Q BT /F6 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 384.80 Td (Mort) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.97 384.80 Td (gages and Other Secured Deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.77 384.80 Td (t Maturity and Lender T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.62 384.80 Td (ype Profile) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 374.29999999999995 m 201.5 374.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 353.29999999999995 m 201.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201.5 374.29999999999995 m 251.5 374.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 201.5 353.29999999999995 m 251.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 374.29999999999995 m 301.5 374.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251.5 353.29999999999995 m 301.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 374.29999999999995 m 351.5 374.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 301.5 353.29999999999995 m 351.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 374.29999999999995 m 401.5 374.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 351.5 353.29999999999995 m 401.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 374.29999999999995 m 451.5 374.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 353.29999999999995 m 451.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 374.29999999999995 m 501.5 374.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 451.5 353.29999999999995 m 501.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 374.29999999999995 m 557.5 374.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 353.29999999999995 m 557.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 320.29999999999995 m 201.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 201.5 320.29999999999995 m 251.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251.5 320.29999999999995 m 301.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 301.5 320.29999999999995 m 351.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 351.5 320.29999999999995 m 401.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 320.29999999999995 m 451.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 451.5 320.29999999999995 m 501.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 320.29999999999995 m 557.5 320.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 177.29999999999995 m 451.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 177.29999999999995 m 201.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 162.29999999999995 m 201.5 162.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 201.5 177.29999999999995 m 251.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201.5 162.29999999999995 m 251.5 162.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251.5 177.29999999999995 m 301.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 162.29999999999995 m 301.5 162.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 301.5 177.29999999999995 m 351.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 162.29999999999995 m 351.5 162.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 351.5 177.29999999999995 m 401.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 162.29999999999995 m 401.5 162.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 177.29999999999995 m 451.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 162.29999999999995 m 451.5 162.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 451.5 177.29999999999995 m 501.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 162.29999999999995 m 501.5 162.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 177.29999999999995 m 557.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 162.29999999999995 m 557.5 162.29999999999995 l s BT /F3 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 425.50 365.17 Td (Br) Tj ET Q q 0 0 0 rg BT 432.10 365.17 Td (eak) Tj ET Q q 0 0 0 rg BT 442.63 365.17 Td (do) Tj ET Q q 0 0 0 rg BT 450.49 365.17 Td (wn of Mortg) Tj ET Q q 0 0 0 rg BT 488.31 365.17 Td (ag) Tj ET Q q 0 0 0 rg BT 495.38 365.17 Td (e Ma) Tj ET Q q 0 0 0 rg BT 510.74 365.17 Td (turities) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 451.90 357.67 Td (b) Tj ET Q q 0 0 0 rg BT 455.80 357.67 Td (y T) Tj ET Q q 0 0 0 rg BT 464.21 357.67 Td (ype of Lender) Tj ET Q BT /F4 7.50 Tf ET q 0 0 0 rg BT 57.00 322.67 Td (\(thousands of dollars, e) Tj ET Q q 0 0 0 rg BT 127.77 322.67 Td (x) Tj ET Q q 0 0 0 rg BT 130.85 322.67 Td (c) Tj ET Q q 0 0 0 rg BT 133.92 322.67 Td (ep) Tj ET Q q 0 0 0 rg BT 141.33 322.67 Td (t f) Tj ET Q q 0 0 0 rg BT 147.73 322.67 Td (or perc) Tj ET Q q 0 0 0 rg BT 168.93 322.67 Td (en) Tj ET Q q 0 0 0 rg BT 176.30 322.67 Td (t) Tj ET Q q 0 0 0 rg BT 178.71 322.67 Td (ages\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 216.40 330.17 Td (Scheduled) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 208.35 322.67 Td (Amortiz) Tj ET Q q 0 0 0 rg BT 232.32 322.67 Td (a) Tj ET Q q 0 0 0 rg BT 235.85 322.67 Td (tion) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 258.80 332.17 Td (P) Tj ET Q q 0 0 0 rg BT 262.51 332.17 Td (a) Tj ET Q q 0 0 0 rg BT 265.97 332.17 Td (ymen) Tj ET Q q 0 0 0 rg BT 282.96 332.17 Td (ts on ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 271.35 324.67 Td (Ma) Tj ET Q q 0 0 0 rg BT 281.29 324.67 Td (turity) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 333.30 322.67 Td (T) Tj ET Q q 0 0 0 rg BT 336.29 322.67 Td (ot) Tj ET Q q 0 0 0 rg BT 342.66 322.67 Td (al) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 368.60 339.67 Td (Weighted) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 373.45 332.17 Td (Average) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 359.00 324.67 Td (Interest Rate) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 409.50 332.17 Td (P) Tj ET Q q 0 0 0 rg BT 413.22 332.17 Td (er) Tj ET Q q 0 0 0 rg BT 419.46 332.17 Td (cen) Tj ET Q q 0 0 0 rg BT 430.24 332.17 Td (t with ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 430.10 324.67 Td (Bank) Tj ET Q q 0 0 0 rg BT 445.05 324.67 Td (s) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 459.50 332.17 Td (P) Tj ET Q q 0 0 0 rg BT 463.22 332.17 Td (er) Tj ET Q q 0 0 0 rg BT 469.46 332.17 Td (cen) Tj ET Q q 0 0 0 rg BT 480.24 332.17 Td (t with ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 471.05 324.67 Td (Conduits) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 515.50 345.17 Td (Percent with) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 510.40 337.67 Td (Insurance Cos) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 542.50 330.17 Td (and) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 510.15 322.67 Td (Pension Funds) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 311.05 Td (2014 \(remainder of the year\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 204.00 311.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.15 311.05 Td (26,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.00 311.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.60 311.05 Td (110,899) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.00 311.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.60 311.05 Td (137,158) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.55 311.05 Td (5.93) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.55 311.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.55 311.05 Td (9.67) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 311.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.00 311.05 Td (50.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 311.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.00 311.05 Td (40.16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 311.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 298.05 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.15 298.05 Td (29,007) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.60 298.05 Td (213,110) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.60 298.05 Td (242,117) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.55 298.05 Td (4.98) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.55 298.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.55 298.05 Td (7.78) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 298.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.00 298.05 Td (32.85) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 298.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.00 298.05 Td (59.37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 298.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 285.05 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.15 285.05 Td (23,403) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.60 285.05 Td (155,032) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.60 285.05 Td (178,435) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.55 285.05 Td (5.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.55 285.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.00 285.05 Td (33.02) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 285.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.55 285.05 Td (5.26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 285.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.00 285.05 Td (61.72) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 285.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 272.05 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.15 272.05 Td (20,522) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 273.15 272.05 Td (82,901) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.60 272.05 Td (103,423) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.55 272.05 Td (5.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.55 272.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.55 272.05 Td (6.46) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 272.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.00 272.05 Td (39.50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 272.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.00 272.05 Td (54.04) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 272.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 259.05 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.15 259.05 Td (16,485) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.60 259.05 Td (123,046) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.60 259.05 Td (139,531) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.55 259.05 Td (5.53) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.55 259.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.55 259.05 Td (4.00) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 259.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.55 259.05 Td (0.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 259.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.00 259.05 Td (95.64) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 259.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 246.05 Td (2019) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.15 246.05 Td (13,554) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.60 246.05 Td (106,714) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.60 246.05 Td (120,268) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.55 246.05 Td (6.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.55 246.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.00 246.05 Td (32.98) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 246.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.55 246.05 Td (0.43) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 246.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.00 246.05 Td (66.59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 246.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 233.05 Td (2020) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.15 233.05 Td (11,672) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 273.15 233.05 Td (45,858) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.15 233.05 Td (57,530) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.55 233.05 Td (5.20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.55 233.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.55 233.05 Td (8.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 233.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.55 233.05 Td (0.95) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 233.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.00 233.05 Td (90.84) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 233.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 220.05 Td (2021) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 227.75 220.05 Td (9,658) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 273.15 220.05 Td (73,397) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.15 220.05 Td (83,055) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.55 220.05 Td (5.05) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.55 220.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.00 220.05 Td (70.22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 220.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.55 220.05 Td (0.69) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 220.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.00 220.05 Td (29.09) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 220.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 207.05 Td (2022) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 227.75 207.05 Td (3,801) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.60 207.05 Td (167,061) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.60 207.05 Td (170,862) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.55 207.05 Td (3.99) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.55 207.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.00 207.05 Td (31.39) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 207.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.55 207.05 Td (7.84) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 207.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.00 207.05 Td (60.77) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 207.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 194.05 Td (2023) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 227.75 194.05 Td (1,214) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.10 194.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.75 194.05 Td (1,214) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.40 194.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.55 194.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.40 194.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 194.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.40 194.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 194.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 194.05 Td (100.00) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 194.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 181.05 Td (2024 2025) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 227.75 181.05 Td (2,184) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.10 181.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.75 181.05 Td (2,184) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.55 181.05 Td (6.20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.55 181.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.40 181.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 181.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.40 181.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 181.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 181.05 Td (100.00) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 181.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 167.05 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 204.00 167.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 218.60 167.05 Td (157,759) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.00 167.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 261.80 167.05 Td (1,078,018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.00 167.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 311.80 167.05 Td (1,235,777) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.55 167.05 Td (5.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.55 167.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.00 167.05 Td (21.01) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 167.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.00 167.05 Td (17.33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.55 167.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.00 167.05 Td (61.66) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.55 167.05 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 103 0 obj <> endobj 104 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (50) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 694.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.90 694.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.78 694.50 Td (s s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.75 694.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.38 694.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.08 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.32 694.50 Td (egy is t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.51 694.50 Td (o manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.49 694.50 Td (e its long-t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.38 694.50 Td (erm deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.53 694.50 Td (t b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.34 694.50 Td (y s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.93 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.16 694.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.75 694.50 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.37 694.50 Td (ering ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.04 694.50 Td (turity da) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.51 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 388.75 694.50 Td (es in or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.33 694.50 Td (der t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.56 694.50 Td (o mitig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.54 694.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.24 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.48 694.50 Td (e risk associa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 526.32 694.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.57 694.50 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 682.50 Td (with short) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.27 682.50 Td (-t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.58 682.50 Td (erm v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.71 682.50 Td (ola) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.98 682.50 Td (tility in the deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.44 682.50 Td (t mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.54 682.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.46 682.50 Td (ts. As a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.16 682.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.77 682.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.45 682.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.36 682.50 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.66 682.50 Td (y had mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.63 682.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.04 682.50 Td (es ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.87 682.50 Td (turing in 2014 of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 670.50 Td ($110.9 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.82 670.50 Td ( a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.78 670.50 Td (t an a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.32 670.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.74 670.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.00 670.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.41 670.50 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.10 670.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.34 670.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.67 670.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.45 670.50 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.34 670.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.04 670.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.28 670.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.10 670.50 Td (5.93%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.98 670.50 Td ( per annum and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.58 670.50 Td ($26.3 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.33 670.50 Td ( of scheduled amortiz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.81 670.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.50 670.50 Td (tion of principal ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 658.50 Td (balances in 2014. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.70 658.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.53 658.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.41 658.50 Td (s liquidity position as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.49 658.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.10 658.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.78 658.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 345.68 658.50 Td ( in e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.58 658.50 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.69 658.50 Td (cess of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.56 658.50 Td ($720 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.79 658.50 Td (, including ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.64 658.50 Td ($93 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 535.80 658.50 Td ( in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 646.50 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 646.50 Td (ash, also pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.97 646.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.20 646.50 Td (vides the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.95 646.50 Td (y with signific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.00 646.50 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.95 646.50 Td (t fle) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.74 646.50 Td (xibility in addr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.10 646.50 Td (essing these ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 372.14 646.50 Td (2014) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.41 646.50 Td ( ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.36 646.50 Td (turities. ) Tj ET Q BT /F6 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 620.40 Td (Credit F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.70 620.40 Td (acilities) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 605.40 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 605.40 Td (y has the fle) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.08 605.40 Td (xibility under its cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.87 605.40 Td (edit f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.86 605.40 Td (acilities t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.81 605.40 Td (o dr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.88 605.40 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.60 605.40 Td (w funds based on bank prime r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.87 605.40 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.57 605.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.81 605.40 Td (es, Canadian bank) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.99 605.40 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.29 605.40 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 593.40 Td (accep) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.43 593.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.66 593.40 Td (ances \(B) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.64 593.40 Td (A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.04 593.40 Td (\), LIBOR-based adv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.15 593.40 Td (ances or U) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.83 593.40 Td (.S. prime f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 287.84 593.40 Td (or U) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.10 593.40 Td (.S. dollar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.10 593.40 Td (-denomina) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 384.16 593.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.40 593.40 Td (ed borr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.23 593.40 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 422.46 593.40 Td (wings or Eur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.52 593.40 Td (o dollar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.28 593.40 Td (s. The B) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 534.68 593.40 Td (As ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 581.40 Td (curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.32 581.40 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.46 581.40 Td (tly pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.47 581.40 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.70 581.40 Td (vide the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.55 581.40 Td (y with the lo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.01 581.40 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.07 581.40 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.85 581.40 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.60 581.40 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.67 581.40 Td (t means of borr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.39 581.40 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.62 581.40 Td (wing under these cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.08 581.40 Td (edit f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 430.07 581.40 Td (acilities. The cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.24 581.40 Td (edit f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.23 581.40 Td (acilities ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 569.40 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 569.40 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.81 569.40 Td (vide liquidity primarily f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.71 569.40 Td (or financing acquisitions, de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.16 569.40 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.58 569.40 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.51 569.40 Td (t and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.03 569.40 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.19 569.40 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.60 569.40 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.53 569.40 Td (t activities and f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.80 569.40 Td (or g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.45 569.40 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.94 569.40 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 511.43 569.40 Td (orpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 534.00 569.40 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 538.69 569.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 541.93 569.40 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 557.40 Td (purposes.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 539.40 Td (The f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.21 539.40 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.30 539.40 Td (wing t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.20 539.40 Td (able summariz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.21 539.40 Td (es the de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.37 539.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.60 539.40 Td (ails of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.28 539.40 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.11 539.40 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.00 539.40 Td (s lines of cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.33 539.40 Td (edit as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.12 539.40 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.73 539.40 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 397.41 539.40 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 444.32 539.40 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 528.9 m 206.5 528.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 497.9 m 206.5 497.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 528.9 m 251.5 528.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 497.9 m 251.5 497.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 528.9 m 296.5 528.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251.5 497.9 m 296.5 497.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 528.9 m 341.5 528.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 296.5 497.9 m 341.5 497.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 528.9 m 390.5 528.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 341.5 497.9 m 390.5 497.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 528.9 m 476.5 528.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 497.9 m 476.5 497.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 528.9 m 551.5 528.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 476.5 497.9 m 551.5 497.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 439.9 m 206.5 439.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 424.9 m 206.5 424.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 439.9 m 251.5 439.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 424.9 m 251.5 424.9 l s 0 0 0 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2013) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 640.63 Td (October 30, 2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 640.63 Td (April 30, October 30) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 230.00 640.63 Td (F) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 640.63 Td (April 5, 2007) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 640.63 Td (5.32%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 640.63 Td (5.47%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 640.63 Td (0.6) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 447.00 640.63 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 470.30 640.63 Td (100,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 504.00 640.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.40 640.63 Td (100,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 627.63 Td (June 1, 2015) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 627.63 Td (June 1, December 1) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.30 627.63 Td (G) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 627.63 Td (November 20, 2009) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 627.63 Td (5.95%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 627.63 Td (6.13%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 627.63 Td (1.2) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 470.30 627.63 Td (125,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.40 627.63 Td (125,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 614.63 Td (January 31, 2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 614.63 Td (July 31, January 31) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.35 614.63 Td (H) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 614.63 Td (January 21, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 614.63 Td (5.85%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 614.63 Td (5.99%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 614.63 Td (2.8) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 470.30 614.63 Td (125,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.40 614.63 Td (125,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 601.63 Td (November 30, 2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 601.63 Td (May 30, November 30) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 230.90 601.63 Td (I) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 601.63 Td (April 13, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 601.63 Td (5.70%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 601.63 Td (5.85%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 601.63 Td (3.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.60 601.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 531.70 601.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 588.63 Td (November 30, 2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 588.63 Td (May 30, November 30) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 230.90 588.63 Td (I) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 588.63 Td (April 13, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 588.63 Td (5.70%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 588.63 Td (5.82%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 588.63 Td (3.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.60 588.63 Td (25,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 531.70 588.63 Td (25,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 575.63 Td (November 30, 2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 575.63 Td (May 30, November 30) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 230.90 575.63 Td (I) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 575.63 Td (June 14, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 575.63 Td (5.70%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 575.63 Td (5.70%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 575.63 Td (3.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.60 575.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 531.70 575.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 562.63 Td (August 30, 2018) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 562.63 Td (February 28, August 30) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 230.60 562.63 Td (J) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 562.63 Td (July 12, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 562.63 Td (5.25%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 562.63 Td (5.66%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 562.63 Td (4.4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.60 562.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 531.70 562.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 549.63 Td (November 30, 2018) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 549.63 Td (May 31, November 30) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.75 549.63 Td (K) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 549.63 Td (August 25, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 549.63 Td (4.95%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 549.63 Td (5.30%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 549.63 Td (4.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.60 549.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 531.70 549.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 536.63 Td (November 30, 2018) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 536.63 Td (May 31, November 30) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.75 536.63 Td (K) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 536.63 Td (October 26, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 536.63 Td (4.95%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 536.63 Td (5.04%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 536.63 Td (4.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.60 536.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 531.70 536.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 523.63 Td (July 30, 2019) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 523.63 Td (January 30, July 30) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 230.20 523.63 Td (L) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 523.63 Td (January 21, 2011) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 523.63 Td (5.48%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 523.63 Td (5.61%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 523.63 Td (5.3) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 470.30 523.63 Td (150,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.40 523.63 Td (150,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 510.63 Td (April 30, 2020) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 510.63 Td (April 30, October 30) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.35 510.63 Td (M) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 510.63 Td (March 30, 2011) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 510.63 Td (5.60%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 510.63 Td (5.73%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 510.63 Td (6.1) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 470.30 510.63 Td (110,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.40 510.63 Td (110,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 497.63 Td (April 30, 2020) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 497.63 Td (April 30, October 30) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.35 497.63 Td (M) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 497.63 Td (June 13, 2011) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 497.63 Td (5.60%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 497.63 Td (5.39%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 497.63 Td (6.1) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.60 497.63 Td (65,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 531.70 497.63 Td (65,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 484.63 Td (March 1, 2021) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 484.63 Td (March 1, September 1) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.25 484.63 Td (N) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 484.63 Td (April 4, 2012) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 484.63 Td (4.50%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 484.63 Td (4.63%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 484.63 Td (6.9) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 470.30 484.63 Td (175,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.40 484.63 Td (175,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 471.63 Td (January 31, 2022) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 471.63 Td (January 31, July 31) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.15 471.63 Td (O) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 471.63 Td (June 1, 2012) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 471.63 Td (4.43%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 471.63 Td (4.56%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 471.63 Td (7.8) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 470.30 471.63 Td (100,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.40 471.63 Td (100,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 458.63 Td (January 31, 2022) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 458.63 Td (January 31, July 31) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.15 458.63 Td (O) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 458.63 Td (July 17, 2012) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 458.63 Td (4.43%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 458.63 Td (4.42%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 458.63 Td (7.8) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.60 458.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 531.70 458.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 445.63 Td (January 31, 2022) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 445.63 Td (January 31, July 31) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.15 445.63 Td (O) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 445.63 Td (August 29, 2013) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 445.63 Td (4.43%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 445.63 Td (4.83%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 445.63 Td (7.8) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.60 445.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 531.70 445.63 Td (50,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 432.63 Td (December 5, 2022) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 432.63 Td (June 5, December 5) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.80 432.63 Td (P) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 432.63 Td (December 5, 2012) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 432.63 Td (3.95%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 432.63 Td (4.16%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 432.63 Td (8.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 470.30 432.63 Td (150,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.40 432.63 Td (150,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 419.63 Td (December 5, 2022) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 419.63 Td (June 5, December 5) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.80 419.63 Td (P) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 419.63 Td (January 14, 2013) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 419.63 Td (3.95%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 419.63 Td (4.20%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 419.63 Td (8.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 470.30 419.63 Td (100,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.40 419.63 Td (100,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 406.63 Td (October 30, 2023) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 406.63 Td (April 30, October 30) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.10 406.63 Td (Q) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 406.63 Td (March 26, 2013) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 406.63 Td (3.90%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 406.63 Td (4.06%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 406.63 Td (9.6) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 470.30 406.63 Td (125,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.40 406.63 Td (125,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 393.63 Td (October 30, 2023) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 393.63 Td (April 30, October 30) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.10 393.63 Td (Q) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 393.63 Td (May 15, 2013) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 393.63 Td (3.90%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 393.63 Td (3.90%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 393.63 Td (9.6) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 470.30 393.63 Td (175,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.40 393.63 Td (175,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 380.63 Td (August 30, 2024) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 380.63 Td (August 30, February 28) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.65 380.63 Td (R) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 380.63 Td (January 20, 2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 380.63 Td (4.79%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 380.63 Td (4.91%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 412.95 380.63 Td (10.4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 470.30 380.63 Td (150,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 547.70 380.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 367.63 Td (August 30, 2024) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 367.63 Td (August 30, February 28) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.65 367.63 Td (R) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 367.63 Td (February 18, 2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 367.63 Td (4.79%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 367.63 Td (4.63%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 412.95 367.63 Td (10.4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.60 367.63 Td (75,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 547.70 367.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 354.63 Td (August 30, 2024) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 135.00 354.63 Td (August 30, February 28) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.65 354.63 Td (R) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.00 354.63 Td (March 11, 2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 354.63 Td (4.79%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 354.63 Td (4.43%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 412.95 354.63 Td (10.4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.60 354.63 Td (75,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 547.70 354.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 329.90 340.13 Td (4.85%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 366.90 340.13 Td (4.96%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 415.10 340.13 Td (6.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 447.00 340.13 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 463.80 340.13 Td (2,175,000) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 504.00 340.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 521.00 340.13 Td (1,875,000) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 318.00 Td (On ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.14 318.00 Td (Januar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.95 318.00 Td (y20, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.90 318.00 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.20 318.00 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.13 318.00 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.87 318.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.11 318.00 Td (ed the issuance of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.91 318.00 Td ($150 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.13 318.00 Td ( principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.27 318.00 Td (t of senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.16 318.00 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 306.00 Td (deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.62 306.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.58 306.00 Td (es, Series ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.72 306.00 Td (R) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.15 306.00 Td (, due ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.65 306.00 Td (Augus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.45 306.00 Td (t30, 2024) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.23 306.00 Td (. These deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.88 306.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.84 306.00 Td (es bear in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.21 306.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.45 306.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.78 306.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.56 306.00 Td (t a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.86 306.00 Td (t a c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.67 306.00 Td (oupon r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.52 306.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.22 306.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.46 306.00 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.28 306.00 Td (4.79%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.16 306.00 Td ( per annum ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 294.00 Td (pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.86 294.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.23 294.00 Td (able semi-annually c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.90 294.00 Td (ommencing ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.13 294.00 Td (Augus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.93 294.00 Td (t30, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.71 294.00 Td (. On ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.63 294.00 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.07 294.00 Td (ebruar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.37 294.00 Td (y18, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.32 294.00 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.62 294.00 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.56 294.00 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.29 294.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.53 294.00 Td (ed the issuance of an ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 282.00 Td (additional ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.11 282.00 Td ($75 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.27 282.00 Td ( principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.41 282.00 Td (t of the senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.13 282.00 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.25 282.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.20 282.00 Td (es, which w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.32 282.00 Td (as a r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.69 282.00 Td (e-opening of this series of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 270.00 Td (deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.62 270.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.58 270.00 Td (es with an e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.23 270.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.18 270.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.98 270.00 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.25 270.00 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.77 270.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.46 270.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.71 270.00 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.53 270.00 Td (4.63%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.41 270.00 Td ( per annum. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 252.00 Td (On ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.14 252.00 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.82 252.00 Td (ch11, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.72 252.00 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.03 252.00 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.96 252.00 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.69 252.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.93 252.00 Td (ed the issuance of an additional ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.14 252.00 Td ($75 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.31 252.00 Td ( principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.45 252.00 Td (t of the senior ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 240.00 Td (unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.23 240.00 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.34 240.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.30 240.00 Td (es, Series ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.44 240.00 Td (R) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.87 240.00 Td (, prior issuances of which w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.56 240.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.89 240.00 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.27 240.00 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.00 240.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.25 240.00 Td (ed on ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.53 240.00 Td (Januar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.34 240.00 Td (y20, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.29 240.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.11 240.00 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.56 240.00 Td (ebruar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.85 240.00 Td (y18, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.81 240.00 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 228.00 Td (These deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.87 228.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.83 228.00 Td (es bear in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.20 228.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.44 228.00 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.77 228.00 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.54 228.00 Td (t a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.85 228.00 Td (t an e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.66 228.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.61 228.00 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.41 228.00 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.68 228.00 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.20 228.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.89 228.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.14 228.00 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.96 228.00 Td (4.43%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.84 228.00 Td ( per annum, pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.23 228.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.60 228.00 Td (able semi-annually) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.16 228.00 Td (, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.06 228.00 Td (ommencing ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 216.00 Td (Augus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.80 216.00 Td (t30, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.58 216.00 Td (.) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (52) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.00 Td (Con) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.07 693.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.64 693.00 Td (ertible Deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.61 693.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.34 693.00 Td (es) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 682.5 m 122.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 122.5 682.5 m 181.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 682.5 m 208.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 682.5 m 280.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 682.5 m 314.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 682.5 m 353.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 682.5 m 398.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 682.5 m 438.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 682.5 m 478.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 682.5 m 518.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 682.5 m 558.5 682.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 669.5 m 122.5 669.5 l s 0 0 0 RG /GS0 gs 0.50 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w 0 i [] 0 d 0 J 0 j 3 M 398.5 669.5 m 438.5 669.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 656.5 m 438.5 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 669.5 m 478.5 669.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 656.5 m 478.5 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 669.5 m 518.5 669.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 656.5 m 518.5 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518.5 669.5 m 558.5 669.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518.5 656.5 m 558.5 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 643.5 m 314.5 643.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 643.5 m 353.5 643.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 656.5 m 398.5 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 656.5 m 438.5 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 616.5 m 122.5 616.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 122.5 616.5 m 181.5 616.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 181.5 616.5 m 208.5 616.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 616.5 m 280.5 616.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 616.5 m 314.5 616.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 616.5 m 353.5 616.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 616.5 m 398.5 616.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 616.5 m 438.5 616.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 616.5 m 478.5 616.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 616.5 m 518.5 616.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518.5 616.5 m 558.5 616.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 462.5 m 122.5 462.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 122.5 462.5 m 181.5 462.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 181.5 462.5 m 208.5 462.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 462.5 m 280.5 462.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 462.5 m 314.5 462.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 462.5 m 353.5 462.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 462.5 m 398.5 462.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 462.5 m 438.5 462.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 462.5 m 478.5 462.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 462.5 m 518.5 462.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518.5 462.5 m 558.5 462.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 462.5 m 122.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 448.5 m 122.5 448.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 122.5 462.5 m 181.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 122.5 448.5 m 181.5 448.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 181.5 462.5 m 208.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 448.5 m 208.5 448.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 462.5 m 280.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 448.5 m 280.5 448.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 462.5 m 314.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 448.5 m 314.5 448.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 462.5 m 353.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 448.5 m 353.5 448.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 462.5 m 398.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 448.5 m 398.5 448.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 462.5 m 438.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 448.5 m 438.5 448.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 462.5 m 478.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 448.5 m 478.5 448.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 462.5 m 518.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 448.5 m 518.5 448.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 518.5 462.5 m 558.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 448.5 m 558.5 448.5 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 674.00 Td (\(thousands of dollars, except for other data\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 661.00 Td (As at March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.70 648.00 Td (Interest Rate) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 620.75 Td (Maturity Date) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 627.75 Td (Interest Payment) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 620.75 Td (Dates) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.00 620.75 Td (Series) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.00 620.75 Td (Date of Issue) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.00 620.75 Td (Coupon) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.00 620.75 Td (Effective) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 365.00 634.75 Td (Remaining) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 373.10 627.75 Td (Term to) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 356.05 620.75 Td (Maturity \(yrs\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 403.20 627.75 Td (Principal a) Tj ET Q q 0 0 0 rg BT 432.62 627.75 Td (t ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 405.65 620.75 Td (Issue Da) Tj ET Q q 0 0 0 rg BT 429.23 620.75 Td (t) Tj ET Q q 0 0 0 rg BT 431.50 620.75 Td (e) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 449.70 620.75 Td (Principal) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 492.20 620.75 Td (Liability) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 536.70 620.75 Td (Equity) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 607.00 Td (June 30, 2017) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 607.00 Td (March 31) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 599.00 Td (September 30) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.00 607.00 Td (D) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.00 607.00 Td (December 30, 2009) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.00 607.00 Td (5.70%) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.00 607.00 Td (6.88%) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 370.40 608.00 Td (3.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.00 608.00 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.25 608.00 Td (50,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.00 608.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.15 608.00 Td (42,903) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.00 608.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.15 608.00 Td (41,449) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 608.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.30 608.00 Td (984) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 585.00 Td (January 31, 2019) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 585.00 Td (March 31) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 577.00 Td (September 30) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.50 585.00 Td (E) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.00 585.00 Td (April 28, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.00 585.00 Td (5.40%) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.00 585.00 Td (6.90%) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 370.40 586.00 Td (4.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.25 586.00 Td (57,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.15 586.00 Td (57,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.15 586.00 Td (53,992) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.20 586.00 Td (2,192) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 563.00 Td (January 31, 2019) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 563.00 Td (March 31) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 555.00 Td (September 30) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.65 563.00 Td (F) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.00 563.00 Td (August 9, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.00 563.00 Td (5.25%) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.00 563.00 Td (6.07%) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 370.40 564.00 Td (4.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.25 564.00 Td (57,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.15 564.00 Td (57,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.15 564.00 Td (55,560) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.30 564.00 Td (390) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 541.00 Td (March 31, 2018) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 541.00 Td (March 31) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 533.00 Td (September 30) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.95 541.00 Td (G) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.00 541.00 Td (December 15, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.00 541.00 Td (5.25%) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.00 541.00 Td (6.66%) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 370.40 542.00 Td (4.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.25 542.00 Td (50,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.15 542.00 Td (50,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.15 542.00 Td (47,557) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.20 542.00 Td (1,155) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 519.00 Td (March 31, 2017) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 519.00 Td (March 31) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 511.00 Td (September 30) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.00 519.00 Td (H) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.00 519.00 Td (February 16, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.00 519.00 Td (4.95%) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.00 519.00 Td (6.51%) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 370.40 520.00 Td (3.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.25 520.00 Td (75,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.15 520.00 Td (75,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.15 520.00 Td (71,851) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.20 520.00 Td (1,495) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 497.00 Td (July 31, 2019) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 497.00 Td (March 31) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 489.00 Td (September 30) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.45 497.00 Td (I) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.00 497.00 Td (May 22, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.00 497.00 Td (4.75%) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.00 497.00 Td (6.19%) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 370.40 498.00 Td (5.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.25 498.00 Td (52,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.15 498.00 Td (52,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.15 498.00 Td (49,412) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.20 498.00 Td (1,439) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 475.00 Td (February 28, 2020) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 475.00 Td (March 31) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.00 467.00 Td (September 30) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.20 475.00 Td (J) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.00 475.00 Td (February 19, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.00 475.00 Td (4.45%) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.00 475.00 Td (5.34%) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 370.40 476.00 Td (5.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.25 476.00 Td (57,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.15 476.00 Td (57,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.15 476.00 Td (55,095) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.30 476.00 Td (403) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.00 453.00 Td (5.08%) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.00 453.00 Td (6.35%) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 370.40 454.00 Td (4.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.00 454.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.10 454.00 Td (392,903) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.00 454.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.10 454.00 Td (374,916) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 454.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.20 454.00 Td (8,058) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 560.00 449.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 429.80 Td (\(i\) ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 429.80 Td (Principal and In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.79 429.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.51 429.80 Td (eres) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.39 429.80 Td (t) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 414.80 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 414.80 Td (y uses c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.31 414.80 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.68 414.80 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.09 414.80 Td (ertible deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.61 414.80 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.56 414.80 Td (es as a part of its o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.50 414.80 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.92 414.80 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.17 414.80 Td (all c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.96 414.80 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.53 414.80 Td (al s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.67 414.80 Td (tructur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.95 414.80 Td (e. Consis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.57 414.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.81 414.80 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.95 414.80 Td (t with Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.07 414.80 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.87 414.80 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.38 414.80 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.98 414.80 Td (ealty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.22 414.80 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 531.10 414.80 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 402.80 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.54 402.80 Td (actice, it is the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.08 402.80 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.91 402.80 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.79 402.80 Td (s curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.29 402.80 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.42 402.80 Td (t in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.49 402.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 212.73 402.80 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.87 402.80 Td (tion t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.55 402.80 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.23 402.80 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.67 402.80 Td (tinue t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.31 402.80 Td (o sa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.45 402.80 Td (tis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.91 402.80 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.01 402.80 Td (y its oblig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.25 402.80 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.95 402.80 Td (tions of principal and in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.31 402.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.55 402.80 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.88 402.80 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.66 402.80 Td (t pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.12 402.80 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 518.78 402.80 Td (ts in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 390.80 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 390.80 Td (espect of all of its outs) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.61 390.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.84 390.80 Td (anding c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.80 390.80 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.16 390.80 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.58 390.80 Td (ertible deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.09 390.80 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.05 390.80 Td (es b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.40 390.80 Td (y the issuance of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.64 390.80 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.99 390.80 Td (es. Since issuance, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 535.19 390.80 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 378.80 Td (has made all principal and in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.55 378.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.79 378.80 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.12 378.80 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.90 378.80 Td (t pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.37 378.80 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.02 378.80 Td (ts on its c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.29 378.80 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 276.65 378.80 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.07 378.80 Td (ertible deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.58 378.80 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 347.54 378.80 Td (es using c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.51 378.80 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.86 378.80 Td (es.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 360.80 Td (During the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.25 360.80 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.21 360.80 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.84 360.80 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.27 360.80 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.18 360.80 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.94 360.80 Td (0.6 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.55 360.80 Td ( c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.96 360.80 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.31 360.80 Td (es \() Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.49 360.80 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 379.44 360.80 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.08 360.80 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.51 360.80 Td (ch 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 516.42 360.80 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 348.80 Td (0.5 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 96.62 348.80 Td ( c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.02 348.80 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.37 348.80 Td (es\) w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.61 348.80 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.94 348.80 Td (e issued t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.29 348.80 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.79 348.80 Td (alling ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.69 348.80 Td ($10.0 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.44 348.80 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.74 348.80 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.69 348.80 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.33 348.80 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.76 348.80 Td (ch 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.67 348.80 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.17 348.80 Td ($8.8 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 518.85 348.80 Td (\) ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 336.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.25 336.80 Td (o pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.64 336.80 Td (y in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.89 336.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.13 336.80 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.46 336.80 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.23 336.80 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.10 336.80 Td (o holder) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.00 336.80 Td (s of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.90 336.80 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.26 336.80 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.68 336.80 Td (ertible deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.19 336.80 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.15 336.80 Td (es.) Tj ET Q BT /F6 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 317.60 Td (\(ii\) ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 317.60 Td (Principal R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.29 317.60 Td (edemp) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.51 317.60 Td (tions) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 302.60 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.46 302.60 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.32 302.60 Td (thr) Tj ET Q q 0 0 0 rg BT 97.28 302.60 Td (ee mon) Tj ET Q q 0 0 0 rg BT 127.91 302.60 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 187.34 302.60 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.25 302.60 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.55 302.60 Td (y did not issue an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.00 302.60 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.94 302.60 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.29 302.60 Td (es in c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.39 302.60 Td (onnection with ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 290.60 Td (deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.62 290.60 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.58 290.60 Td (es r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.08 290.60 Td (edeemed or c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.91 290.60 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.27 290.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.69 290.60 Td (ert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.39 290.60 Td (ed, as ther) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.27 290.60 Td (e w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.57 290.60 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.90 290.60 Td (e no r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.28 290.60 Td (edemp) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 305.68 290.60 Td (tions or c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.19 290.60 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.55 290.60 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.97 290.60 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.26 290.60 Td (sions.) Tj ET Q BT /F6 11.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 271.40 Td (\(iii\) ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 271.40 Td (Normal Course Issuer Bid) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 256.45 Td (On Augus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.94 256.45 Td (t 23, 2013, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.01 256.45 Td (y r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.16 256.45 Td (ene) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.31 256.45 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.37 256.45 Td (ed its NCIB f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.53 256.45 Td (or all of its then outs) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.36 256.45 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.59 256.45 Td (anding series of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.95 256.45 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.31 256.45 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.73 256.45 Td (ertible unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.85 256.45 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 244.45 Td (subor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.04 244.45 Td (dina) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.54 244.45 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.78 244.45 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.89 244.45 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.85 244.45 Td (es. The NCIB will e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.01 244.45 Td (xpir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.25 244.45 Td (e on Augus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.07 244.45 Td (t 26, 2014 or such earlier da) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.55 244.45 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.79 244.45 Td (e as Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.20 244.45 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.00 244.45 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.51 244.45 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.11 244.45 Td (ealty c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.45 244.45 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.18 244.45 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 527.42 244.45 Td (es its ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 232.45 Td (pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.85 232.45 Td (chases pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.00 232.45 Td (suan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.12 232.45 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.98 232.45 Td (o the NCIB. All pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.37 232.45 Td (chases made under the NCIB ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.45 232.45 Td (e a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.38 232.45 Td (t mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.48 232.45 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.40 232.45 Td (t prices pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.03 232.45 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.96 232.45 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 433.33 232.45 Td (ailing a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.92 232.45 Td (t the time of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 220.45 Td (pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.85 220.45 Td (chase de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.44 220.45 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.69 220.45 Td (ermined b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.38 220.45 Td (y or on behalf of Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.65 220.45 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.45 220.45 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.96 220.45 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.55 220.45 Td (ealty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.83 220.45 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 202.45 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.46 202.45 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.32 202.45 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.28 202.45 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.91 202.45 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.34 202.45 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.25 202.45 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.07 202.45 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.34 202.45 Td (, principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.98 202.45 Td (ts and amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.52 202.45 Td (ts paid f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 432.74 202.45 Td (or the pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.45 202.45 Td (chases ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.92 202.45 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 190.45 Td (r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.35 190.45 Td (epr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.94 190.45 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.96 190.45 Td (t) Tj ET Q q 0.21176470588235294 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9.00 Tf ET q 0 0 0 rg BT 346.00 126.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.50 126.70 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.00 126.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.55 126.70 Td (834) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.00 126.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 126.70 Td (921) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (53) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 693.00 Td (Shar) Tj ET Q q 0 0 0 rg BT 76.17 693.00 Td (eholder) Tj ET Q q 0 0 0 rg BT 114.64 693.00 Td (s E) Tj ET Q q 0 0 0 rg BT 130.92 693.00 Td (quity) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 678.00 Td (Shar) Tj ET Q q 0 0 0 rg BT 71.99 678.00 Td (eholder) Tj ET Q q 0 0 0 rg BT 103.34 678.00 Td (s equity amoun) Tj ET Q q 0 0 0 rg BT 168.38 678.00 Td (t) Tj ET Q q 0 0 0 rg BT 171.63 678.00 Td (ed t) Tj ET Q q 0 0 0 rg BT 187.37 678.00 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 194.90 678.00 Td ($3.3 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 239.85 678.00 Td ( as a) Tj ET Q q 0 0 0 rg BT 257.77 678.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 263.38 678.00 Td (Mar) Tj ET Q q 0 0 0 rg BT 280.06 678.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 326.97 678.00 Td (, c) Tj ET Q q 0 0 0 rg BT 335.88 678.00 Td (onsis) Tj ET Q q 0 0 0 rg BT 356.41 678.00 Td (t) Tj ET Q q 0 0 0 rg BT 359.65 678.00 Td (en) Tj ET Q q 0 0 0 rg BT 369.79 678.00 Td (t with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 395.70 678.00 Td ($3.3 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.66 678.00 Td ( as a) Tj ET Q q 0 0 0 rg BT 458.58 678.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.19 678.00 Td (December31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 666.00 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 74.27 666.00 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 648.00 Td (As a) Tj ET Q q 0 0 0 rg BT 70.66 648.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.27 648.00 Td (Mar) Tj ET Q q 0 0 0 rg BT 92.95 648.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.85 648.00 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 194.16 648.00 Td (y had ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 218.50 648.00 Td (209.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 271.26 648.00 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 276.55 648.00 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.01 648.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.51 648.00 Td (208.4 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.27 648.00 Td (\) issued and outs) Tj ET Q q 0 0 0 rg BT 486.66 648.00 Td (t) Tj ET Q q 0 0 0 rg BT 489.88 648.00 Td (anding ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 636.00 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 636.00 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 109.49 636.00 Td (es with a s) Tj ET Q q 0 0 0 rg BT 151.80 636.00 Td (t) Tj ET Q q 0 0 0 rg BT 155.03 636.00 Td (a) Tj ET Q q 0 0 0 rg BT 159.72 636.00 Td (t) Tj ET Q q 0 0 0 rg BT 162.96 636.00 Td (ed c) Tj ET Q q 0 0 0 rg BT 179.60 636.00 Td (apit) Tj ET Q q 0 0 0 rg BT 195.17 636.00 Td (al of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.10 636.00 Td ($2.5 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 260.05 636.00 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 265.34 636.00 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 344.81 636.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.31 636.00 Td ($2.5 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.26 636.00 Td (\). During the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.33 636.00 Td (thr) Tj ET Q q 0 0 0 rg BT 464.28 636.00 Td (ee mon) Tj ET Q q 0 0 0 rg BT 494.92 636.00 Td (ths ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 624.00 Td (ended Mar) Tj ET Q q 0 0 0 rg BT 98.65 624.00 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 145.56 624.00 Td (, a t) Tj ET Q q 0 0 0 rg BT 160.62 624.00 Td (ot) Tj ET Q q 0 0 0 rg BT 169.12 624.00 Td (al of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.05 624.00 Td (0.8 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 231.67 624.00 Td ( c) Tj ET Q q 0 0 0 rg BT 238.08 624.00 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 289.42 624.00 Td (es w) Tj ET Q q 0 0 0 rg BT 307.63 624.00 Td (er) Tj ET Q q 0 0 0 rg BT 315.96 624.00 Td (e issued f) Tj ET Q q 0 0 0 rg BT 353.90 624.00 Td (or pr) Tj ET Q q 0 0 0 rg BT 373.50 624.00 Td (oceeds of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 414.97 624.00 Td ($13.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.72 624.00 Td ( as f) Tj ET Q q 0 0 0 rg BT 483.79 624.00 Td (ollo) Tj ET Q q 0 0 0 rg BT 498.88 624.00 Td (w) Tj ET Q q 0 0 0 rg BT 505.94 624.00 Td (s: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.79 624.00 Td (0.6 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 612.00 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.70 612.00 Td ( shar) Tj ET Q q 0 0 0 rg BT 101.27 612.00 Td (es f) Tj ET Q q 0 0 0 rg BT 115.25 612.00 Td (or in) Tj ET Q q 0 0 0 rg BT 133.73 612.00 Td (t) Tj ET Q q 0 0 0 rg BT 136.97 612.00 Td (er) Tj ET Q q 0 0 0 rg BT 145.30 612.00 Td (es) Tj ET Q q 0 0 0 rg BT 154.08 612.00 Td (t pa) Tj ET Q q 0 0 0 rg BT 169.55 612.00 Td (ymen) Tj ET Q q 0 0 0 rg BT 192.20 612.00 Td (ts on c) Tj ET Q q 0 0 0 rg BT 218.65 612.00 Td (on) Tj ET Q q 0 0 0 rg BT 229.01 612.00 Td (v) Tj ET Q q 0 0 0 rg BT 233.43 612.00 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 287.95 612.00 Td (tur) Tj ET Q q 0 0 0 rg BT 299.90 612.00 Td (es and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 328.61 612.00 Td (0.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 371.23 612.00 Td ( shar) Tj ET Q q 0 0 0 rg BT 390.80 612.00 Td (es fr) Tj ET Q q 0 0 0 rg BT 408.32 612.00 Td (om the e) Tj ET Q q 0 0 0 rg BT 444.51 612.00 Td (x) Tj ET Q q 0 0 0 rg BT 448.58 612.00 Td (er) Tj ET Q q 0 0 0 rg BT 456.89 612.00 Td (cise of c) Tj ET Q q 0 0 0 rg BT 489.29 612.00 Td (ommon ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 600.00 Td (shar) Tj ET Q q 0 0 0 rg BT 71.31 600.00 Td (e op) Tj ET Q q 0 0 0 rg BT 89.03 600.00 Td (tions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 582.00 Td (As a) Tj ET Q q 0 0 0 rg BT 70.66 582.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.27 582.00 Td (Ma) Tj ET Q q 0 0 0 rg BT 89.42 582.00 Td (y2, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 126.30 582.00 Td (, ther) Tj ET Q q 0 0 0 rg BT 147.99 582.00 Td (e w) Tj ET Q q 0 0 0 rg BT 162.29 582.00 Td (er) Tj ET Q q 0 0 0 rg BT 170.62 582.00 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.86 582.00 Td (209.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.61 582.00 Td ( c) Tj ET Q q 0 0 0 rg BT 237.02 582.00 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 288.37 582.00 Td (es outs) Tj ET Q q 0 0 0 rg BT 317.19 582.00 Td (t) Tj ET Q q 0 0 0 rg BT 320.42 582.00 Td (anding.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 54.00 559.80 Td (Share Purchase Op) Tj ET Q q 0 0 0 rg BT 139.49 559.80 Td (tions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 544.80 Td (As a) Tj ET Q q 0 0 0 rg BT 70.66 544.80 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.27 544.80 Td (Mar) Tj ET Q q 0 0 0 rg BT 92.95 544.80 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.85 544.80 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 194.16 544.80 Td (y had outs) Tj ET Q q 0 0 0 rg BT 236.18 544.80 Td (t) Tj ET Q q 0 0 0 rg BT 239.41 544.80 Td (anding ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 269.22 544.80 Td (6.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 311.84 544.80 Td ( shar) Tj ET Q q 0 0 0 rg BT 331.41 544.80 Td (e pur) Tj ET Q q 0 0 0 rg BT 352.49 544.80 Td (chase op) Tj ET Q q 0 0 0 rg BT 388.39 544.80 Td (tions, with an a) Tj ET Q q 0 0 0 rg BT 450.47 544.80 Td (v) Tj ET Q q 0 0 0 rg BT 454.89 544.80 Td (er) Tj ET Q q 0 0 0 rg BT 463.15 544.80 Td (ag) Tj ET Q q 0 0 0 rg BT 472.56 544.80 Td (e e) Tj ET Q q 0 0 0 rg BT 484.62 544.80 Td (x) Tj ET Q q 0 0 0 rg BT 488.69 544.80 Td (er) Tj ET Q q 0 0 0 rg BT 497.00 544.80 Td (cise price of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 532.80 Td ($16.55) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.87 532.80 Td (. The op) Tj ET Q q 0 0 0 rg BT 114.50 532.80 Td (tions ar) Tj ET Q q 0 0 0 rg BT 144.99 532.80 Td (e e) Tj ET Q q 0 0 0 rg BT 157.05 532.80 Td (x) Tj ET Q q 0 0 0 rg BT 161.11 532.80 Td (er) Tj ET Q q 0 0 0 rg BT 169.43 532.80 Td (cisable b) Tj ET Q q 0 0 0 rg BT 204.64 532.80 Td (y the holder a) Tj ET Q q 0 0 0 rg BT 260.77 532.80 Td (t an) Tj ET Q q 0 0 0 rg BT 276.24 532.80 Td (y time a) Tj ET Q q 0 0 0 rg BT 308.62 532.80 Td (ft) Tj ET Q q 0 0 0 rg BT 314.92 532.80 Td (er v) Tj ET Q q 0 0 0 rg BT 330.06 532.80 Td (es) Tj ET Q q 0 0 0 rg BT 338.83 532.80 Td (ting up t) Tj ET Q q 0 0 0 rg BT 372.72 532.80 Td (o 10 y) Tj ET Q q 0 0 0 rg BT 397.06 532.80 Td (ear) Tj ET Q q 0 0 0 rg BT 410.14 532.80 Td (s fr) Tj ET Q q 0 0 0 rg BT 422.69 532.80 Td (om the da) Tj ET Q q 0 0 0 rg BT 464.00 532.80 Td (t) Tj ET Q q 0 0 0 rg BT 467.24 532.80 Td (e of gr) Tj ET Q q 0 0 0 rg BT 493.05 532.80 Td (an) Tj ET Q q 0 0 0 rg BT 503.00 532.80 Td (t. The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 520.80 Td (op) Tj ET Q q 0 0 0 rg BT 64.48 520.80 Td (tions ha) Tj ET Q q 0 0 0 rg BT 96.71 520.80 Td (v) Tj ET Q q 0 0 0 rg BT 101.12 520.80 Td (e been issued a) Tj ET Q q 0 0 0 rg BT 163.64 520.80 Td (t v) Tj ET Q q 0 0 0 rg BT 173.62 520.80 Td (arious times pur) Tj ET Q q 0 0 0 rg BT 239.49 520.80 Td (suan) Tj ET Q q 0 0 0 rg BT 258.61 520.80 Td (t t) Tj ET Q q 0 0 0 rg BT 267.47 520.80 Td (o the Compan) Tj ET Q q 0 0 0 rg BT 324.55 520.80 Td (y) Tj ET Q q 0 0 0 rg BT 329.38 520.80 Td () Tj ET Q q 0 0 0 rg BT 331.27 520.80 Td (s s) Tj ET Q q 0 0 0 rg BT 341.24 520.80 Td (t) Tj ET Q q 0 0 0 rg BT 344.49 520.80 Td (ock op) Tj ET Q q 0 0 0 rg BT 371.28 520.80 Td (tion plan t) Tj ET Q q 0 0 0 rg BT 412.82 520.80 Td (o the emplo) Tj ET Q q 0 0 0 rg BT 461.92 520.80 Td (y) Tj ET Q q 0 0 0 rg BT 466.33 520.80 Td (ees, of) Tj ET Q q 0 0 0 rg BT 493.17 520.80 Td (ficer) Tj ET Q q 0 0 0 rg BT 511.04 520.80 Td (s and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 508.80 Td (dir) Tj ET Q q 0 0 0 rg BT 64.90 508.80 Td (ect) Tj ET Q q 0 0 0 rg BT 77.36 508.80 Td (or) Tj ET Q q 0 0 0 rg BT 85.95 508.80 Td (s of the Compan) Tj ET Q q 0 0 0 rg BT 152.25 508.80 Td (y) Tj ET Q q 0 0 0 rg BT 156.12 508.80 Td (. The op) Tj ET Q q 0 0 0 rg BT 188.75 508.80 Td (tions gr) Tj ET Q q 0 0 0 rg BT 219.08 508.80 Td (an) Tj ET Q q 0 0 0 rg BT 229.03 508.80 Td (t) Tj ET Q q 0 0 0 rg BT 232.28 508.80 Td (ed permit the holder t) Tj ET Q q 0 0 0 rg BT 322.27 508.80 Td (o acquir) Tj ET Q q 0 0 0 rg BT 354.98 508.80 Td (e shar) Tj ET Q q 0 0 0 rg BT 379.52 508.80 Td (es a) Tj ET Q q 0 0 0 rg BT 395.37 508.80 Td (t an e) Tj ET Q q 0 0 0 rg BT 418.11 508.80 Td (x) Tj ET Q q 0 0 0 rg BT 422.17 508.80 Td (er) Tj ET Q q 0 0 0 rg BT 430.49 508.80 Td (cise price appr) Tj ET Q q 0 0 0 rg BT 489.28 508.80 Td (o) Tj ET Q q 0 0 0 rg BT 494.36 508.80 Td (xima) Tj ET Q q 0 0 0 rg BT 513.67 508.80 Td (t) Tj ET Q q 0 0 0 rg BT 516.92 508.80 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 496.80 Td (equal t) Tj ET Q q 0 0 0 rg BT 82.08 496.80 Td (o the mark) Tj ET Q q 0 0 0 rg BT 125.94 496.80 Td (e) Tj ET Q q 0 0 0 rg BT 130.87 496.80 Td (t price of such shar) Tj ET Q q 0 0 0 rg BT 207.78 496.80 Td (es a) Tj ET Q q 0 0 0 rg BT 223.62 496.80 Td (t the da) Tj ET Q q 0 0 0 rg BT 255.03 496.80 Td (t) Tj ET Q q 0 0 0 rg BT 258.27 496.80 Td (e the op) Tj ET Q q 0 0 0 rg BT 291.83 496.80 Td (tion is gr) Tj ET Q q 0 0 0 rg BT 326.71 496.80 Td (an) Tj ET Q q 0 0 0 rg BT 336.67 496.80 Td (t) Tj ET Q q 0 0 0 rg BT 339.91 496.80 Td (ed. The purpose of gr) Tj ET Q q 0 0 0 rg BT 426.53 496.80 Td (an) Tj ET Q q 0 0 0 rg BT 436.48 496.80 Td (ting op) Tj ET Q q 0 0 0 rg BT 464.83 496.80 Td (tions is t) Tj ET Q q 0 0 0 rg BT 498.89 496.80 Td (o enc) Tj ET Q q 0 0 0 rg BT 520.80 496.80 Td (our) Tj ET Q q 0 0 0 rg BT 534.61 496.80 Td (ag) Tj ET Q q 0 0 0 rg BT 544.02 496.80 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 484.80 Td (the holder t) Tj ET Q q 0 0 0 rg BT 101.89 484.80 Td (o acquir) Tj ET Q q 0 0 0 rg BT 134.60 484.80 Td (e an o) Tj ET Q q 0 0 0 rg BT 159.38 484.80 Td (wner) Tj ET Q q 0 0 0 rg BT 180.07 484.80 Td (ship in) Tj ET Q q 0 0 0 rg BT 206.50 484.80 Td (t) Tj ET Q q 0 0 0 rg BT 209.74 484.80 Td (er) Tj ET Q q 0 0 0 rg BT 218.07 484.80 Td (es) Tj ET Q q 0 0 0 rg BT 226.85 484.80 Td (t in the Compan) Tj ET Q q 0 0 0 rg BT 291.81 484.80 Td (y o) Tj ET Q q 0 0 0 rg BT 303.83 484.80 Td (v) Tj ET Q q 0 0 0 rg BT 308.25 484.80 Td (er a period of time, which acts as a financial incen) Tj ET Q q 0 0 0 rg BT 510.19 484.80 Td (tiv) Tj ET Q q 0 0 0 rg BT 520.25 484.80 Td (e t) Tj ET Q q 0 0 0 rg BT 530.74 484.80 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 472.80 Td (align the in) Tj ET Q q 0 0 0 rg BT 98.90 472.80 Td (t) Tj ET Q q 0 0 0 rg BT 102.14 472.80 Td (er) Tj ET Q q 0 0 0 rg BT 110.47 472.80 Td (es) Tj ET Q q 0 0 0 rg BT 119.24 472.80 Td (ts of the holder with the long-t) Tj ET Q q 0 0 0 rg BT 243.97 472.80 Td (erm in) Tj ET Q q 0 0 0 rg BT 270.14 472.80 Td (t) Tj ET Q q 0 0 0 rg BT 273.38 472.80 Td (er) Tj ET Q q 0 0 0 rg BT 281.71 472.80 Td (es) Tj ET Q q 0 0 0 rg BT 290.48 472.80 Td (ts of the Compan) Tj ET Q q 0 0 0 rg BT 360.14 472.80 Td (y and its shar) Tj ET Q q 0 0 0 rg BT 413.61 472.80 Td (eholder) Tj ET Q q 0 0 0 rg BT 444.95 472.80 Td (s.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 454.80 Td (If all op) Tj ET Q q 0 0 0 rg BT 83.96 454.80 Td (tions outs) Tj ET Q q 0 0 0 rg BT 123.98 454.80 Td (t) Tj ET Q q 0 0 0 rg BT 127.20 454.80 Td (anding as a) Tj ET Q q 0 0 0 rg BT 172.68 454.80 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 178.29 454.80 Td (Mar) Tj ET Q q 0 0 0 rg BT 194.97 454.80 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 241.88 454.80 Td ( w) Tj ET Q q 0 0 0 rg BT 251.20 454.80 Td (er) Tj ET Q q 0 0 0 rg BT 259.53 454.80 Td (e e) Tj ET Q q 0 0 0 rg BT 271.59 454.80 Td (x) Tj ET Q q 0 0 0 rg BT 275.66 454.80 Td (er) Tj ET Q q 0 0 0 rg BT 283.97 454.80 Td (cised, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 309.39 454.80 Td (6.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 352.01 454.80 Td ( shar) Tj ET Q q 0 0 0 rg BT 371.58 454.80 Td (es w) Tj ET Q q 0 0 0 rg BT 389.78 454.80 Td (ould be issued and the Compan) Tj ET Q q 0 0 0 rg BT 517.57 454.80 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 442.80 Td (w) Tj ET Q q 0 0 0 rg BT 61.06 442.80 Td (ould r) Tj ET Q q 0 0 0 rg BT 84.75 442.80 Td (eceiv) Tj ET Q q 0 0 0 rg BT 105.64 442.80 Td (e pr) Tj ET Q q 0 0 0 rg BT 121.46 442.80 Td (oceeds of appr) Tj ET Q q 0 0 0 rg BT 181.54 442.80 Td (o) Tj ET Q q 0 0 0 rg BT 186.62 442.80 Td (xima) Tj ET Q q 0 0 0 rg BT 205.93 442.80 Td (t) Tj ET Q q 0 0 0 rg BT 209.18 442.80 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 223.23 442.80 Td ($103.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 281.06 442.80 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 419.45 Td (Liquidity) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 408.9 m 414.5 408.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 393.9 m 414.5 393.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 408.9 m 486.5 408.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 393.9 m 486.5 393.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 408.9 m 558.5 408.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 393.9 m 558.5 393.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 326.9 m 414.5 326.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 326.9 m 486.5 326.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 326.9 m 558.5 326.9 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 398.40 Td (\(millions of dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.65 398.40 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 398.40 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 384.65 Td (Revolving credit facilities approved) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 384.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.45 384.65 Td (675) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.00 384.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 384.65 Td (675) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 371.65 Td (Cash and cash equivalents, net of cash collateralized letters of credit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.00 371.65 Td (93) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.65 371.65 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 357.65 Td (Unencumbered assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 343.65 Td (T) Tj ET Q q 0 0 0 rg BT 66.59 343.65 Td (ot) Tj ET Q q 0 0 0 rg BT 74.24 343.65 Td (al, based on IFR) Tj ET Q q 0 0 0 rg BT 131.37 343.65 Td (S v) Tj ET Q q 0 0 0 rg BT 141.48 343.65 Td (alue ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 159.10 347.94 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.55 343.65 Td (4,690) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 343.65 Td (4,292) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 330.65 Td (Based on deb) Tj ET Q q 0 0 0 rg BT 112.37 330.65 Td (t c) Tj ET Q q 0 0 0 rg BT 121.15 330.65 Td (o) Tj ET Q q 0 0 0 rg BT 125.86 330.65 Td (v) Tj ET Q q 0 0 0 rg BT 129.84 330.65 Td (enan) Tj ET Q q 0 0 0 rg BT 148.00 330.65 Td (ts) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 154.53 334.94 Td ( \(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.55 330.65 Td (4,471) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 330.65 Td (4,038) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 319.34 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 316.00 Td (Includes all unencumber) Tj ET Q q 0 0 0 rg BT 132.57 316.00 Td (ed asse) Tj ET Q q 0 0 0 rg BT 153.59 316.00 Td (ts a) Tj ET Q q 0 0 0 rg BT 163.54 316.00 Td (t IFR) Tj ET Q q 0 0 0 rg BT 176.16 316.00 Td (S v) Tj ET Q q 0 0 0 rg BT 184.01 316.00 Td (alues.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 307.94 Td (\(2\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 304.60 Td (Includes unencumber) Tj ET Q q 0 0 0 rg BT 124.42 304.60 Td (ed asse) Tj ET Q q 0 0 0 rg BT 145.44 304.60 Td (ts as de) Tj ET Q q 0 0 0 rg BT 166.88 304.60 Td (fined b) Tj ET Q q 0 0 0 rg BT 186.68 304.60 Td (y deb) Tj ET Q q 0 0 0 rg BT 202.24 304.60 Td (t c) Tj ET Q q 0 0 0 rg BT 209.07 304.60 Td (o) Tj ET Q q 0 0 0 rg BT 212.73 304.60 Td (v) Tj ET Q q 0 0 0 rg BT 215.82 304.60 Td (enan) Tj ET Q q 0 0 0 rg BT 229.95 304.60 Td (ts, with shopping cen) Tj ET Q q 0 0 0 rg BT 290.26 304.60 Td (tr) Tj ET Q q 0 0 0 rg BT 294.95 304.60 Td (es v) Tj ET Q q 0 0 0 rg BT 305.81 304.60 Td (alued under IFR) Tj ET Q q 0 0 0 rg BT 350.42 304.60 Td (S a) Tj ET Q q 0 0 0 rg BT 358.51 304.60 Td (t the a) Tj ET Q q 0 0 0 rg BT 376.76 304.60 Td (v) Tj ET Q q 0 0 0 rg BT 379.85 304.60 Td (er) Tj ET Q q 0 0 0 rg BT 385.63 304.60 Td (ag) Tj ET Q q 0 0 0 rg BT 392.22 304.60 Td (e c) Tj ET Q q 0 0 0 rg BT 400.19 304.60 Td (apit) Tj ET Q q 0 0 0 rg BT 411.09 304.60 Td (aliz) Tj ET Q q 0 0 0 rg BT 420.30 304.60 Td (a) Tj ET Q q 0 0 0 rg BT 423.59 304.60 Td (tion r) Tj ET Q q 0 0 0 rg BT 438.79 304.60 Td (a) Tj ET Q q 0 0 0 rg BT 442.08 304.60 Td (t) Tj ET Q q 0 0 0 rg BT 444.35 304.60 Td (e o) Tj ET Q q 0 0 0 rg BT 453.07 304.60 Td (v) Tj ET Q q 0 0 0 rg BT 456.17 304.60 Td (er the las) Tj ET Q q 0 0 0 rg BT 482.38 304.60 Td (t 10 fisc) Tj ET Q q 0 0 0 rg BT 504.37 304.60 Td (al quart) Tj ET Q q 0 0 0 rg BT 526.33 304.60 Td (er) Tj ET Q q 0 0 0 rg BT 532.13 304.60 Td (s.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 286.60 Td (Cash flo) Tj ET Q q 0 0 0 rg BT 86.13 286.60 Td (w fr) Tj ET Q q 0 0 0 rg BT 101.92 286.60 Td (om oper) Tj ET Q q 0 0 0 rg BT 136.22 286.60 Td (a) Tj ET Q q 0 0 0 rg BT 140.92 286.60 Td (tions is dependen) Tj ET Q q 0 0 0 rg BT 212.83 286.60 Td (t on occupancy le) Tj ET Q q 0 0 0 rg BT 283.75 286.60 Td (v) Tj ET Q q 0 0 0 rg BT 288.17 286.60 Td (els of pr) Tj ET Q q 0 0 0 rg BT 320.78 286.60 Td (operties, r) Tj ET Q q 0 0 0 rg BT 362.41 286.60 Td (en) Tj ET Q q 0 0 0 rg BT 372.54 286.60 Td (t) Tj ET Q q 0 0 0 rg BT 375.77 286.60 Td (al r) Tj ET Q q 0 0 0 rg BT 388.40 286.60 Td (a) Tj ET Q q 0 0 0 rg BT 393.10 286.60 Td (t) Tj ET Q q 0 0 0 rg BT 396.34 286.60 Td (es achie) Tj ET Q q 0 0 0 rg BT 428.98 286.60 Td (v) Tj ET Q q 0 0 0 rg BT 433.40 286.60 Td (ed, c) Tj ET Q q 0 0 0 rg BT 452.53 286.60 Td (ollections of r) Tj ET Q q 0 0 0 rg BT 507.88 286.60 Td (en) Tj ET Q q 0 0 0 rg BT 518.02 286.60 Td (t and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 274.60 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 274.60 Td (os) Tj ET Q q 0 0 0 rg BT 67.22 274.60 Td (ts t) Tj ET Q q 0 0 0 rg BT 79.99 274.60 Td (o main) Tj ET Q q 0 0 0 rg BT 107.76 274.60 Td (t) Tj ET Q q 0 0 0 rg BT 110.99 274.60 Td (ain or lease space. The Compan) Tj ET Q q 0 0 0 rg BT 238.83 274.60 Td (y) Tj ET Q q 0 0 0 rg BT 243.66 274.60 Td () Tj ET Q q 0 0 0 rg BT 245.54 274.60 Td (s s) Tj ET Q q 0 0 0 rg BT 255.51 274.60 Td (tr) Tj ET Q q 0 0 0 rg BT 262.14 274.60 Td (a) Tj ET Q q 0 0 0 rg BT 266.84 274.60 Td (t) Tj ET Q q 0 0 0 rg BT 270.08 274.60 Td (egy is t) Tj ET Q q 0 0 0 rg BT 298.27 274.60 Td (o main) Tj ET Q q 0 0 0 rg BT 326.04 274.60 Td (t) Tj ET Q q 0 0 0 rg BT 329.27 274.60 Td (ain deb) Tj ET Q q 0 0 0 rg BT 359.31 274.60 Td (t in the r) Tj ET Q q 0 0 0 rg BT 393.85 274.60 Td (ang) Tj ET Q q 0 0 0 rg BT 408.52 274.60 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 426.34 274.60 Td (35% t) Tj ET Q q 0 0 0 rg BT 449.14 274.60 Td (o 50%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 473.96 274.60 Td ( of en) Tj ET Q q 0 0 0 rg BT 496.94 274.60 Td (t) Tj ET Q q 0 0 0 rg BT 500.18 274.60 Td (erprise ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 262.60 Td (v) Tj ET Q q 0 0 0 rg BT 58.37 262.60 Td (alue based on curr) Tj ET Q q 0 0 0 rg BT 133.50 262.60 Td (en) Tj ET Q q 0 0 0 rg BT 143.64 262.60 Td (t mark) Tj ET Q q 0 0 0 rg BT 169.74 262.60 Td (e) Tj ET Q q 0 0 0 rg BT 174.66 262.60 Td (t c) Tj ET Q q 0 0 0 rg BT 184.42 262.60 Td (onditions. As a) Tj ET Q q 0 0 0 rg BT 244.01 262.60 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 249.63 262.60 Td (Mar) Tj ET Q q 0 0 0 rg BT 266.30 262.60 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.21 262.60 Td (, this deb) Tj ET Q q 0 0 0 rg BT 350.48 262.60 Td (t r) Tj ET Q q 0 0 0 rg BT 359.37 262.60 Td (a) Tj ET Q q 0 0 0 rg BT 364.07 262.60 Td (tio w) Tj ET Q q 0 0 0 rg BT 384.28 262.60 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 395.25 262.60 Td (45.1%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.12 262.60 Td ( based on the Compan) Tj ET Q q 0 0 0 rg BT 511.16 262.60 Td (y) Tj ET Q q 0 0 0 rg BT 515.99 262.60 Td () Tj ET Q q 0 0 0 rg BT 517.88 262.60 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 250.60 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 250.60 Td (alcula) Tj ET Q q 0 0 0 rg BT 81.71 250.60 Td (tion. Ma) Tj ET Q q 0 0 0 rg BT 115.91 250.60 Td (turing deb) Tj ET Q q 0 0 0 rg BT 157.96 250.60 Td (t is g) Tj ET Q q 0 0 0 rg BT 176.66 250.60 Td (ener) Tj ET Q q 0 0 0 rg BT 195.14 250.60 Td (ally r) Tj ET Q q 0 0 0 rg BT 214.66 250.60 Td (epaid fr) Tj ET Q q 0 0 0 rg BT 245.87 250.60 Td (om pr) Tj ET Q q 0 0 0 rg BT 269.97 250.60 Td (oceeds fr) Tj ET Q q 0 0 0 rg BT 307.23 250.60 Td (om r) Tj ET Q q 0 0 0 rg BT 326.10 250.60 Td (e) Tj ET Q q 0 0 0 rg BT 330.99 250.60 Td (financing such deb) Tj ET Q q 0 0 0 rg BT 406.73 250.60 Td (t.) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (54) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td (Cash and c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.25 694.50 Td (ash equiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.62 694.50 Td (alen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.84 694.50 Td (ts w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.42 694.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.75 694.50 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.99 694.50 Td ($93.1 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.74 694.50 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.66 694.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.27 694.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.95 694.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.86 694.50 Td ( \() Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 330.15 694.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.62 694.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 419.12 694.50 Td ($5.0 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 466.80 694.50 Td (\). As a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.28 694.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 682.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.68 682.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.59 682.50 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.89 682.50 Td (y had secur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.96 682.50 Td (ed and unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.24 682.50 Td (ed cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.31 682.50 Td (edit f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.30 682.50 Td (acilities t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.25 682.50 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.75 682.50 Td (alling ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.65 682.50 Td ($675.0 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.47 682.50 Td ( of which ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 670.50 Td ($636.4 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.82 670.50 Td ( is a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.17 670.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.54 670.50 Td (ailable t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.75 670.50 Td (o be dr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.31 670.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.03 670.50 Td (wn. The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.29 670.50 Td (y also had unencumber) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.96 670.50 Td (ed asse) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.98 670.50 Td (ts with a f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.72 670.50 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.92 670.50 Td (alue of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 658.50 Td (appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.62 658.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.70 658.50 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.01 658.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.25 658.50 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.31 658.50 Td ($4.7 billion) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.26 658.50 Td (. During ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.46 658.50 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.42 658.50 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.05 658.50 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.48 658.50 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.39 658.50 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.69 658.50 Td (y issued ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.34 658.50 Td ($300.0 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 489.16 658.50 Td ( of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 646.50 Td (senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.69 646.50 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.80 646.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.76 646.50 Td (es, the ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.41 646.50 Td (t pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.60 646.50 Td (oceeds of which ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.65 646.50 Td (e being used t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.54 646.50 Td (o r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 361.43 646.50 Td (epa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.27 646.50 Td (y secur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.78 646.50 Td (ed and unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.06 646.50 Td (ed deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.99 646.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 634.50 Td (ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.69 634.50 Td (turing thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.22 634.50 Td (oughout 2014. This incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.63 634.50 Td (eased liquidity w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.91 634.50 Td (as partially used t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.12 634.50 Td (o pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.27 634.50 Td (epa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.10 634.50 Td (y or r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.26 634.50 Td (epa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.10 634.50 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.88 634.50 Td ($105.3 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.71 634.50 Td ( of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 622.50 Td (mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.62 622.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.03 622.50 Td (e deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.71 622.50 Td (t during the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.67 622.50 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.63 622.50 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.26 622.50 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.69 622.50 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.60 622.50 Td (. As a r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.75 622.50 Td (esult, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.84 622.50 Td (y also held a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.82 622.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.24 622.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.49 622.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.91 622.50 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.29 622.50 Td (ash ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 610.50 Td (balances of appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.97 610.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.05 610.50 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.36 610.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.60 610.50 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.66 610.50 Td ($88.6 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.41 610.50 Td ( during the period. These tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.23 610.50 Td (ansactions demons) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.09 610.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 410.72 610.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.42 610.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.66 610.50 Td (e the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.44 610.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 480.27 610.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.15 610.50 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 598.50 Td (access t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.56 598.50 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.24 598.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.80 598.50 Td (al and v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.08 598.50 Td (arious sour) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 189.13 598.50 Td (ces of financing. Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.01 598.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.11 598.50 Td (t belie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.47 598.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.89 598.50 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.33 598.50 Td (t it has suf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 404.19 598.50 Td (ficien) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.19 598.50 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.16 598.50 Td (esour) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.91 598.50 Td (ces t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.54 598.50 Td (o mee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.96 598.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 586.50 Td (its oper) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.60 586.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.30 586.50 Td (tional and in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.76 586.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.18 586.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.95 586.50 Td (ting r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.17 586.50 Td (equir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.30 586.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.40 586.50 Td (ts in the near and long) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.35 586.50 Td (er t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.31 586.50 Td (erm based on the a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.72 586.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.09 586.50 Td (ailability of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.27 586.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.83 586.50 Td (al in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 574.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.37 574.50 Td (arious mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.13 574.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.05 574.50 Td (ts.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 556.50 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 556.50 Td (y has his) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.42 556.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.67 556.50 Td (oric) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.87 556.50 Td (ally used secur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.42 556.50 Td (ed mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.53 556.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.94 556.50 Td (es, t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.83 556.50 Td (erm loans and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.23 556.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.16 556.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.58 556.50 Td (olving cr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 387.77 556.50 Td (edit f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.76 556.50 Td (acilities, senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.64 556.50 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 544.50 Td (deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.62 544.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.58 544.50 Td (es, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.37 544.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.73 544.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.15 544.50 Td (ertible deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.66 544.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.62 544.50 Td (es and equity issues t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.01 544.50 Td (o finance its gr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.50 544.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.73 544.50 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.90 544.50 Td (th and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.68 544.50 Td (epa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.51 544.50 Td (y deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.74 544.50 Td (t. The actual le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.43 544.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.85 544.50 Td (el and type of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 532.50 Td (futur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.26 532.50 Td (e borr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.84 532.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.07 532.50 Td (wings will be de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.61 532.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.85 532.50 Td (ermined based on pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.18 532.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.11 532.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.48 532.50 Td (ailing in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.83 532.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.07 532.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 308.40 532.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.18 532.50 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.07 532.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.77 532.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.01 532.50 Td (es, v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.02 532.50 Td (arious c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.44 532.50 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.51 532.50 Td (ts of deb) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.06 532.50 Td (t and equity c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.29 532.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 498.85 532.50 Td (al, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.84 532.50 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.41 532.50 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 520.50 Td (mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.49 520.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.41 520.50 Td (t c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.17 520.50 Td (onditions and Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.15 520.50 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.25 520.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.95 520.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.83 520.50 Td (s g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.63 520.50 Td (ener) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.12 520.50 Td (al vie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.20 520.50 Td (w of the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.39 520.50 Td (equir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.52 520.50 Td (ed le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.23 520.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.65 520.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.91 520.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.32 520.50 Td (e in the business. ) Tj ET Q BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 500.10 Td (Cash Flo) Tj ET Q q 0 0 0 rg BT 95.10 500.10 Td (w) Tj ET Q q 0 0 0 rg BT 103.96 500.10 Td (s) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 489.6 m 429.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 489.6 m 493.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 489.6 m 558.5 489.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 474.6 m 429.5 474.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 459.6 m 429.5 459.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 474.6 m 493.5 474.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 459.6 m 493.5 459.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 474.6 m 558.5 474.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 459.6 m 558.5 459.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 400.6 m 429.5 400.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 400.6 m 493.5 400.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 400.6 m 558.5 400.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 355.6 m 429.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 340.6 m 429.5 340.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 355.6 m 493.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 340.6 m 493.5 340.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 355.6 m 558.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 340.6 m 558.5 340.6 l s BT /F3 8.50 Tf ET q 0 0 0 rg BT 448.35 479.23 Td (Three months ended March 31) Tj ET Q BT /F4 8.50 Tf ET q 0 0 0 rg BT 57.00 464.23 Td (\(thousands of dollars\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 466.00 464.23 Td (2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 530.00 464.23 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 450.35 Td (Adjusted cash flow from operating activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 432.00 450.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.00 450.35 Td (62,945) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.00 450.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 450.35 Td (55,948) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 435.35 Td (Net change in non-cash operating items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.20 435.35 Td (\(16,898) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.15 435.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 435.35 Td (\(12,215) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 435.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 420.35 Td (Receipts of proceeds from sales of residential inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.00 420.35 Td (27,711) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 420.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 405.35 Td (Expenditures on residential development inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.75 405.35 Td (\(3,627) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.15 405.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.00 405.35 Td (\(5,513) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 405.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 390.35 Td (Cash provided by operating activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.00 391.35 Td (70,131) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 391.35 Td (38,220) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 375.35 Td (Cash provided by financing activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.45 375.35 Td (137,296) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.60 375.35 Td (182,592) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 360.35 Td (Cash ) Tj ET Q q 0 0 0 rg BT 76.39 360.35 Td (used ) Tj ET Q q 0 0 0 rg BT 95.88 360.35 Td (in ) Tj ET Q q 0 0 0 rg BT 104.71 360.35 Td (in) Tj ET Q q 0 0 0 rg BT 111.36 360.35 Td (v) Tj ET Q q 0 0 0 rg BT 115.33 360.35 Td (es) Tj ET Q q 0 0 0 rg BT 123.23 360.35 Td (ting ) Tj ET Q q 0 0 0 rg BT 139.31 360.35 Td (activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.65 360.35 Td (\(119,272) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.15 360.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 360.35 Td (\(55,325) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 360.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 345.35 Td (Net increase in cash and cash equivalents) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 432.00 345.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.00 345.35 Td (88,155) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.00 345.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.60 345.35 Td (165,487) Tj ET Q BT /F1 10.00 Tf ET BT /F6 11.00 Tf ET q 0 0 0 rg BT 54.00 321.90 Td (Operating Activities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 306.90 Td (Cash pr) Tj ET Q q 0 0 0 rg BT 84.13 306.90 Td (o) Tj ET Q q 0 0 0 rg BT 89.36 306.90 Td (vided b) Tj ET Q q 0 0 0 rg BT 119.12 306.90 Td (y oper) Tj ET Q q 0 0 0 rg BT 144.69 306.90 Td (a) Tj ET Q q 0 0 0 rg BT 149.39 306.90 Td (ting activities incr) Tj ET Q q 0 0 0 rg BT 220.65 306.90 Td (eased due t) Tj ET Q q 0 0 0 rg BT 267.81 306.90 Td (o c) Tj ET Q q 0 0 0 rg BT 279.49 306.90 Td (ash flo) Tj ET Q q 0 0 0 rg BT 306.29 306.90 Td (w g) Tj ET Q q 0 0 0 rg BT 320.32 306.90 Td (ener) Tj ET Q q 0 0 0 rg BT 338.81 306.90 Td (a) Tj ET Q q 0 0 0 rg BT 343.51 306.90 Td (t) Tj ET Q q 0 0 0 rg BT 346.75 306.90 Td (ed fr) Tj ET Q q 0 0 0 rg BT 365.62 306.90 Td (om gr) Tj ET Q q 0 0 0 rg BT 389.17 306.90 Td (o) Tj ET Q q 0 0 0 rg BT 394.41 306.90 Td (w) Tj ET Q q 0 0 0 rg BT 401.57 306.90 Td (th in ne) Tj ET Q q 0 0 0 rg BT 432.42 306.90 Td (t oper) Tj ET Q q 0 0 0 rg BT 456.82 306.90 Td (a) Tj ET Q q 0 0 0 rg BT 461.51 306.90 Td (ting inc) Tj ET Q q 0 0 0 rg BT 491.08 306.90 Td (ome fr) Tj ET Q q 0 0 0 rg BT 517.95 306.90 Td (om the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 294.90 Td (Compan) Tj ET Q q 0 0 0 rg BT 87.71 294.90 Td (y) Tj ET Q q 0 0 0 rg BT 92.54 294.90 Td () Tj ET Q q 0 0 0 rg BT 94.42 294.90 Td (s shopping cen) Tj ET Q q 0 0 0 rg BT 154.42 294.90 Td (tr) Tj ET Q q 0 0 0 rg BT 161.12 294.90 Td (e portf) Tj ET Q q 0 0 0 rg BT 188.57 294.90 Td (olio) Tj ET Q q 0 0 0 rg BT 203.52 294.90 Td (, the r) Tj ET Q q 0 0 0 rg BT 227.47 294.90 Td (eceip) Tj ET Q q 0 0 0 rg BT 249.16 294.90 Td (ts of pr) Tj ET Q q 0 0 0 rg BT 277.84 294.90 Td (oceeds fr) Tj ET Q q 0 0 0 rg BT 315.10 294.90 Td (om sales of r) Tj ET Q q 0 0 0 rg BT 366.71 294.90 Td (esiden) Tj ET Q q 0 0 0 rg BT 393.28 294.90 Td (tial in) Tj ET Q q 0 0 0 rg BT 415.65 294.90 Td (v) Tj ET Q q 0 0 0 rg BT 420.07 294.90 Td (en) Tj ET Q q 0 0 0 rg BT 430.21 294.90 Td (t) Tj ET Q q 0 0 0 rg BT 433.46 294.90 Td (or) Tj ET Q q 0 0 0 rg BT 442.27 294.90 Td (y and the timing of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 282.90 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 282.90 Td (eceip) Tj ET Q q 0 0 0 rg BT 79.04 282.90 Td (ts and pa) Tj ET Q q 0 0 0 rg BT 115.98 282.90 Td (ymen) Tj ET Q q 0 0 0 rg BT 138.63 282.90 Td (ts on w) Tj ET Q q 0 0 0 rg BT 167.99 282.90 Td (orking c) Tj ET Q q 0 0 0 rg BT 199.96 282.90 Td (apit) Tj ET Q q 0 0 0 rg BT 215.53 282.90 Td (al and other non-c) Tj ET Q q 0 0 0 rg BT 290.02 282.90 Td (ash it) Tj ET Q q 0 0 0 rg BT 311.77 282.90 Td (ems. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 54.00 263.70 Td (Financing Activities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 248.70 Td (Financing activities ar) Tj ET Q q 0 0 0 rg BT 141.34 248.70 Td (e lo) Tj ET Q q 0 0 0 rg BT 156.11 248.70 Td (w) Tj ET Q q 0 0 0 rg BT 163.17 248.70 Td (er as a r) Tj ET Q q 0 0 0 rg BT 195.26 248.70 Td (esult of ne) Tj ET Q q 0 0 0 rg BT 238.07 248.70 Td (t mortg) Tj ET Q q 0 0 0 rg BT 268.30 248.70 Td (ag) Tj ET Q q 0 0 0 rg BT 277.71 248.70 Td (e pa) Tj ET Q q 0 0 0 rg BT 294.81 248.70 Td (y) Tj ET Q q 0 0 0 rg BT 299.18 248.70 Td (able r) Tj ET Q q 0 0 0 rg BT 322.11 248.70 Td (epa) Tj ET Q q 0 0 0 rg BT 336.94 248.70 Td (ymen) Tj ET Q q 0 0 0 rg BT 359.60 248.70 Td (ts as c) Tj ET Q q 0 0 0 rg BT 384.22 248.70 Td (ompar) Tj ET Q q 0 0 0 rg BT 410.88 248.70 Td (ed t) Tj ET Q q 0 0 0 rg BT 426.63 248.70 Td (o the prior y) Tj ET Q q 0 0 0 rg BT 476.46 248.70 Td (ear) Tj ET Q q 0 0 0 rg BT 488.85 248.70 Td (, of) Tj ET Q q 0 0 0 rg BT 501.84 248.70 Td (f) Tj ET Q q 0 0 0 rg BT 504.76 248.70 Td (se) Tj ET Q q 0 0 0 rg BT 513.59 248.70 Td (t b) Tj ET Q q 0 0 0 rg BT 524.41 248.70 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 236.70 Td (higher ne) Tj ET Q q 0 0 0 rg BT 92.41 236.70 Td (t deben) Tj ET Q q 0 0 0 rg BT 123.64 236.70 Td (tur) Tj ET Q q 0 0 0 rg BT 135.60 236.70 Td (e issuance. These activities ar) Tj ET Q q 0 0 0 rg BT 254.90 236.70 Td (e mor) Tj ET Q q 0 0 0 rg BT 278.75 236.70 Td (e fully described in the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.21 236.70 Td (Capit) Tj ET Q q 0 0 0 rg BT 398.30 236.70 Td (al Structur) Tj ET Q q 0 0 0 rg BT 440.51 236.70 Td (e and Liquidity) Tj ET Q q 0 0 0 rg BT 500.34 236.70 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.52 236.70 Td ( section of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 224.70 Td (this MD&A) Tj ET Q q 0 0 0 rg BT 98.44 224.70 Td (.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 54.00 205.50 Td (In) Tj ET Q q 0 0 0 rg BT 62.57 205.50 Td (ves) Tj ET Q q 0 0 0 rg BT 77.34 205.50 Td (ting Activities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 190.50 Td (The incr) Tj ET Q q 0 0 0 rg BT 86.50 190.50 Td (ease in c) Tj ET Q q 0 0 0 rg BT 121.36 190.50 Td (ash used in in) Tj ET Q q 0 0 0 rg BT 176.43 190.50 Td (v) Tj ET Q q 0 0 0 rg BT 180.85 190.50 Td (es) Tj ET Q q 0 0 0 rg BT 189.62 190.50 Td (ting activities r) Tj ET Q q 0 0 0 rg BT 249.11 190.50 Td (esults fr) Tj ET Q q 0 0 0 rg BT 281.44 190.50 Td (om incr) Tj ET Q q 0 0 0 rg BT 312.10 190.50 Td (eased in) Tj ET Q q 0 0 0 rg BT 345.65 190.50 Td (v) Tj ET Q q 0 0 0 rg BT 350.06 190.50 Td (es) Tj ET Q q 0 0 0 rg BT 358.84 190.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 380.31 190.50 Td (t pr) Tj ET Q q 0 0 0 rg BT 394.50 190.50 Td (operty acquisition activity) Tj ET Q q 0 0 0 rg BT 498.73 190.50 Td (, additional ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 178.50 Td (in) Tj ET Q q 0 0 0 rg BT 61.38 178.50 Td (v) Tj ET Q q 0 0 0 rg BT 65.80 178.50 Td (es) Tj ET Q q 0 0 0 rg BT 74.58 178.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 96.05 178.50 Td (ts in loans, mortg) Tj ET Q q 0 0 0 rg BT 166.28 178.50 Td (ag) Tj ET Q q 0 0 0 rg BT 175.69 178.50 Td (es and other r) Tj ET Q q 0 0 0 rg BT 232.35 178.50 Td (eal es) Tj ET Q q 0 0 0 rg BT 255.45 178.50 Td (t) Tj ET Q q 0 0 0 rg BT 258.68 178.50 Td (a) Tj ET Q q 0 0 0 rg BT 263.38 178.50 Td (t) Tj ET Q q 0 0 0 rg BT 266.62 178.50 Td (e asse) Tj ET Q q 0 0 0 rg BT 291.39 178.50 Td (ts and decr) Tj ET Q q 0 0 0 rg BT 336.28 178.50 Td (eased ne) Tj ET Q q 0 0 0 rg BT 372.62 178.50 Td (t pr) Tj ET Q q 0 0 0 rg BT 386.81 178.50 Td (oceeds fr) Tj ET Q q 0 0 0 rg BT 424.07 178.50 Td (om pr) Tj ET Q q 0 0 0 rg BT 448.17 178.50 Td (operty dispositions, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 166.50 Td (of) Tj ET Q q 0 0 0 rg BT 62.23 166.50 Td (f) Tj ET Q q 0 0 0 rg BT 65.15 166.50 Td (se) Tj ET Q q 0 0 0 rg BT 73.98 166.50 Td (t b) Tj ET Q q 0 0 0 rg BT 84.80 166.50 Td (y decr) Tj ET Q q 0 0 0 rg BT 109.40 166.50 Td (eased c) Tj ET Q q 0 0 0 rg BT 139.71 166.50 Td (apit) Tj ET Q q 0 0 0 rg BT 155.27 166.50 Td (al e) Tj ET Q q 0 0 0 rg BT 169.44 166.50 Td (xpenditur) Tj ET Q q 0 0 0 rg BT 208.77 166.50 Td (e on the portf) Tj ET Q q 0 0 0 rg BT 264.83 166.50 Td (olio in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 292.04 166.50 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 312.32 166.50 Td ( as c) Tj ET Q q 0 0 0 rg BT 329.68 166.50 Td (ompar) Tj ET Q q 0 0 0 rg BT 356.34 166.50 Td (ed t) Tj ET Q q 0 0 0 rg BT 372.09 166.50 Td (o the prior period activity) Tj ET Q q 0 0 0 rg BT 475.01 166.50 Td (. De) Tj ET Q q 0 0 0 rg BT 490.87 166.50 Td (t) Tj ET Q q 0 0 0 rg BT 494.09 166.50 Td (ails of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 154.50 Td (Compan) Tj ET Q q 0 0 0 rg BT 87.71 154.50 Td (y) Tj ET Q q 0 0 0 rg BT 92.54 154.50 Td () Tj ET Q q 0 0 0 rg BT 94.42 154.50 Td (s in) Tj ET Q q 0 0 0 rg BT 107.97 154.50 Td (v) Tj ET Q q 0 0 0 rg BT 112.39 154.50 Td (es) Tj ET Q q 0 0 0 rg BT 121.17 154.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 142.64 154.50 Td (ts in acquisitions and de) Tj ET Q q 0 0 0 rg BT 240.08 154.50 Td (v) Tj ET Q q 0 0 0 rg BT 244.50 154.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 280.43 154.50 Td (ts ar) Tj ET Q q 0 0 0 rg BT 298.09 154.50 Td (e pr) Tj ET Q q 0 0 0 rg BT 313.91 154.50 Td (o) Tj ET Q q 0 0 0 rg BT 319.14 154.50 Td (vided in the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.34 154.50 Td (Business and Oper) Tj ET Q q 0 0 0 rg BT 448.43 154.50 Td (a) Tj ET Q q 0 0 0 rg BT 453.13 154.50 Td (tions R) Tj ET Q q 0 0 0 rg BT 480.72 154.50 Td (e) Tj ET Q q 0 0 0 rg BT 485.65 154.50 Td (vie) Tj ET Q q 0 0 0 rg BT 497.39 154.50 Td (w) Tj ET Q q 0 0 0 rg BT 504.83 154.50 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 509.01 154.50 Td ( section ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 142.50 Td (of this MD&A) Tj ET Q q 0 0 0 rg BT 109.02 142.50 Td (.) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (55) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.00 Td (Con) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.13 693.00 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.29 693.00 Td (actual Oblig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.36 693.00 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.17 693.00 Td (tions) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 682.5 m 280.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 682.5 m 335.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 682.5 m 390.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 682.5 m 445.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 682.5 m 500.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 682.5 m 555.5 682.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 669.5 m 280.5 669.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 648.5 m 280.5 648.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 669.5 m 335.5 669.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 648.5 m 335.5 648.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 335.5 669.5 m 390.5 669.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 335.5 648.5 m 390.5 648.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 669.5 m 445.5 669.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 648.5 m 445.5 648.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 445.5 669.5 m 500.5 669.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 445.5 648.5 m 500.5 648.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 669.5 m 555.5 669.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 648.5 m 555.5 648.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 606.5 m 280.5 606.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 606.5 m 335.5 606.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 335.5 606.5 m 390.5 606.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 606.5 m 445.5 606.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 445.5 606.5 m 500.5 606.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 606.5 m 555.5 606.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 491.5 m 280.5 491.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 476.5 m 280.5 476.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 491.5 m 335.5 491.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 476.5 m 335.5 476.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 335.5 491.5 m 390.5 491.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 476.5 m 390.5 476.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 491.5 m 445.5 491.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 476.5 m 445.5 476.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 445.5 491.5 m 500.5 491.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 476.5 m 500.5 476.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 491.5 m 555.5 491.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 476.5 m 555.5 476.5 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 378.05 674.00 Td (Payments Due by Period) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 653.00 Td (\(thousands of dollars\)) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 288.10 661.00 Td (Remainder of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 315.75 653.00 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.10 653.00 Td (2015 to 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.10 653.00 Td (2017 to 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 462.65 653.00 Td (Thereafter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 653.00 Td (Total) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 637.25 Td (Mortgages and other secured debt) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.00 624.25 Td (Scheduled amortization) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 283.00 623.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.15 623.25 Td (26,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.00 623.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.15 623.25 Td (52,410) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.00 623.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.15 623.25 Td (37,007) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 623.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.15 623.25 Td (42,083) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.00 623.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.60 623.25 Td (157,759) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.00 611.25 Td (Payments on maturity) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 302.60 610.25 Td (110,899) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.60 610.25 Td (368,142) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.60 610.25 Td (205,947) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.60 610.25 Td (393,030) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.80 610.25 Td (1,078,018) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 596.25 Td (Total mortgage obligations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 302.60 597.25 Td (137,158) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.60 597.25 Td (420,552) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.60 597.25 Td (242,954) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.60 597.25 Td (435,113) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.80 597.25 Td (1,235,777) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 583.25 Td (Mortgage on equity accounted joint venture) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 318.55 584.25 Td (327) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.15 584.25 Td (10,425) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 584.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.10 584.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.15 584.25 Td (10,752) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 570.25 Td (Senior unsecured debentures) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 302.60 571.25 Td (100,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.60 571.25 Td (125,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.60 571.25 Td (400,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.80 571.25 Td (1,550,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.80 571.25 Td (2,175,000) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 558.25 Td ( Loans and mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.12 558.25 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.59 558.25 Td (e pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.98 558.25 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.91 558.25 Td (able ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.53 562.06 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 307.15 558.25 Td (20,134) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.10 558.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 558.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.10 558.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.15 558.25 Td (20,134) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 545.25 Td ( In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.95 545.25 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.87 545.25 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.36 545.25 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.26 545.25 Td (t oblig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.98 545.25 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.21 545.25 Td (tions ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.32 549.06 Td (\(2\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 302.60 545.25 Td (116,998) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.60 545.25 Td (262,537) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.60 545.25 Td (209,494) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.60 545.25 Td (317,267) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.60 545.25 Td (906,296) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 531.25 Td (Land leases \(expiring between 2023 and 2061\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 318.55 532.25 Td (734) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.75 532.25 Td (1,964) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.75 532.25 Td (1,988) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.15 532.25 Td (18,613) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.15 532.25 Td (23,299) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 519.25 Td ( Contractual committed costs to complete current) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.50 510.25 Td (development projects) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 307.15 511.25 Td (31,145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.15 511.25 Td (16,602) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 511.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.10 511.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.15 511.25 Td (47,747) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 496.25 Td (Other committed costs) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 307.15 496.25 Td (19,300) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.10 496.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.10 496.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.10 496.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.15 496.25 Td (19,300) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 481.25 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.59 481.25 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.24 481.25 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.38 481.25 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.77 481.25 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.74 481.25 Td (actual oblig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.68 481.25 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.91 481.25 Td (tions ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.02 485.06 Td (\(3\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 283.00 481.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.60 481.25 Td (425,796) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.00 481.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.60 481.25 Td (837,080) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.00 481.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.60 481.25 Td (854,436) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 481.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.80 481.25 Td (2,320,993) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.00 481.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.80 481.25 Td (4,438,305) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 465.34 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.06 462.00 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 462.00 Td (Loans and mortg) Tj ET Q q 0 0 0 rg BT 110.51 462.00 Td (ag) Tj ET Q q 0 0 0 rg BT 117.10 462.00 Td (e pa) Tj ET Q q 0 0 0 rg BT 129.07 462.00 Td (y) Tj ET Q q 0 0 0 rg BT 132.13 462.00 Td (able include a ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 173.04 462.00 Td ($3.6 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 206.42 462.00 Td ( loan r) Tj ET Q q 0 0 0 rg BT 224.26 462.00 Td (ela) Tj ET Q q 0 0 0 rg BT 232.64 462.00 Td (ting t) Tj ET Q q 0 0 0 rg BT 247.42 462.00 Td (o r) Tj ET Q q 0 0 0 rg BT 255.04 462.00 Td (esiden) Tj ET Q q 0 0 0 rg BT 273.64 462.00 Td (tial de) Tj ET Q q 0 0 0 rg BT 291.26 462.00 Td (v) Tj ET Q q 0 0 0 rg BT 294.36 462.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 319.50 462.00 Td (t in) Tj ET Q q 0 0 0 rg BT 328.60 462.00 Td (v) Tj ET Q q 0 0 0 rg BT 331.69 462.00 Td (en) Tj ET Q q 0 0 0 rg BT 338.79 462.00 Td (t) Tj ET Q q 0 0 0 rg BT 341.06 462.00 Td (or) Tj ET Q q 0 0 0 rg BT 347.23 462.00 Td (y and a ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 369.21 462.00 Td ($17.1 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 406.13 462.00 Td ( thir) Tj ET Q q 0 0 0 rg BT 417.69 462.00 Td (d party loan which is secur) Tj ET Q q 0 0 0 rg BT 493.07 462.00 Td (ed b) Tj ET Q q 0 0 0 rg BT 505.46 462.00 Td (y ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 510.21 462.00 Td ($17.1 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 547.13 462.00 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 453.60 Td (in Go) Tj ET Q q 0 0 0 rg BT 77.94 453.60 Td (v) Tj ET Q q 0 0 0 rg BT 81.04 453.60 Td (ernmen) Tj ET Q q 0 0 0 rg BT 103.33 453.60 Td (t of Canada bonds.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 444.94 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.06 441.60 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 441.60 Td (In) Tj ET Q q 0 0 0 rg BT 68.38 441.60 Td (t) Tj ET Q q 0 0 0 rg BT 70.65 441.60 Td (er) Tj ET Q q 0 0 0 rg BT 76.48 441.60 Td (es) Tj ET Q q 0 0 0 rg BT 82.62 441.60 Td (t oblig) Tj ET Q q 0 0 0 rg BT 100.29 441.60 Td (a) Tj ET Q q 0 0 0 rg BT 103.58 441.60 Td (tions include e) Tj ET Q q 0 0 0 rg BT 144.87 441.60 Td (xpect) Tj ET Q q 0 0 0 rg BT 160.29 441.60 Td (ed in) Tj ET Q q 0 0 0 rg BT 174.25 441.60 Td (t) Tj ET Q q 0 0 0 rg BT 176.52 441.60 Td (er) Tj ET Q q 0 0 0 rg BT 182.36 441.60 Td (es) Tj ET Q q 0 0 0 rg BT 188.50 441.60 Td (t pa) Tj ET Q q 0 0 0 rg BT 199.33 441.60 Td (ymen) Tj ET Q q 0 0 0 rg BT 215.18 441.60 Td (ts on mortg) Tj ET Q q 0 0 0 rg BT 248.03 441.60 Td (ag) Tj ET Q q 0 0 0 rg BT 254.62 441.60 Td (es, other secur) Tj ET Q q 0 0 0 rg BT 296.60 441.60 Td (ed deb) Tj ET Q q 0 0 0 rg BT 316.15 441.60 Td (t and cr) Tj ET Q q 0 0 0 rg BT 337.67 441.60 Td (edit f) Tj ET Q q 0 0 0 rg BT 352.37 441.60 Td (acilities as a) Tj ET Q q 0 0 0 rg BT 386.22 441.60 Td (t ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 390.14 441.60 Td (Mar) Tj ET Q q 0 0 0 rg BT 401.82 441.60 Td (ch31, 2014) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 434.66 441.60 Td ( \(assuming balances r) Tj ET Q q 0 0 0 rg BT 495.40 441.60 Td (emain outs) Tj ET Q q 0 0 0 rg BT 527.07 441.60 Td (t) Tj ET Q q 0 0 0 rg BT 529.33 441.60 Td (anding ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 433.25 Td (thr) Tj ET Q q 0 0 0 rg BT 71.35 433.25 Td (ough t) Tj ET Q q 0 0 0 rg BT 89.55 433.25 Td (o ma) Tj ET Q q 0 0 0 rg BT 103.70 433.25 Td (turity\) and senior unsecur) Tj ET Q q 0 0 0 rg BT 177.06 433.25 Td (ed deben) Tj ET Q q 0 0 0 rg BT 203.74 433.25 Td (tur) Tj ET Q q 0 0 0 rg BT 212.11 433.25 Td (es, as w) Tj ET Q q 0 0 0 rg BT 234.28 433.25 Td (ell as s) Tj ET Q q 0 0 0 rg BT 252.89 433.25 Td (t) Tj ET Q q 0 0 0 rg BT 255.15 433.25 Td (andb) Tj ET Q q 0 0 0 rg BT 269.50 433.25 Td (y cr) Tj ET Q q 0 0 0 rg BT 279.56 433.25 Td (edit f) Tj ET Q q 0 0 0 rg BT 294.25 433.25 Td (acility f) Tj ET Q q 0 0 0 rg BT 314.44 433.25 Td (ees.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 424.59 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.06 421.25 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 421.25 Td (Consis) Tj ET Q q 0 0 0 rg BT 81.10 421.25 Td (t) Tj ET Q q 0 0 0 rg BT 83.37 421.25 Td (en) Tj ET Q q 0 0 0 rg BT 90.47 421.25 Td (t with e) Tj ET Q q 0 0 0 rg BT 111.99 421.25 Td (xis) Tj ET Q q 0 0 0 rg BT 119.29 421.25 Td (ting pr) Tj ET Q q 0 0 0 rg BT 137.77 421.25 Td (actice, it is the Compan) Tj ET Q q 0 0 0 rg BT 203.95 421.25 Td (y) Tj ET Q q 0 0 0 rg BT 207.33 421.25 Td () Tj ET Q q 0 0 0 rg BT 208.65 421.25 Td (s curr) Tj ET Q q 0 0 0 rg BT 224.39 421.25 Td (en) Tj ET Q q 0 0 0 rg BT 231.49 421.25 Td (t in) Tj ET Q q 0 0 0 rg BT 240.64 421.25 Td (t) Tj ET Q q 0 0 0 rg BT 242.90 421.25 Td (en) Tj ET Q q 0 0 0 rg BT 250.00 421.25 Td (tion t) Tj ET Q q 0 0 0 rg BT 265.18 421.25 Td (o c) Tj ET Q q 0 0 0 rg BT 273.36 421.25 Td (on) Tj ET Q q 0 0 0 rg BT 280.66 421.25 Td (tinue t) Tj ET Q q 0 0 0 rg BT 299.31 421.25 Td (o sa) Tj ET Q q 0 0 0 rg BT 310.61 421.25 Td (tis) Tj ET Q q 0 0 0 rg BT 317.23 421.25 Td (f) Tj ET Q q 0 0 0 rg BT 319.40 421.25 Td (y its oblig) Tj ET Q q 0 0 0 rg BT 346.17 421.25 Td (a) Tj ET Q q 0 0 0 rg BT 349.46 421.25 Td (tions of principal and in) Tj ET Q q 0 0 0 rg BT 416.21 421.25 Td (t) Tj ET Q q 0 0 0 rg BT 418.48 421.25 Td (er) Tj ET Q q 0 0 0 rg BT 424.31 421.25 Td (es) Tj ET Q q 0 0 0 rg BT 430.45 421.25 Td (t pa) Tj ET Q q 0 0 0 rg BT 441.28 421.25 Td (ymen) Tj ET Q q 0 0 0 rg BT 457.14 421.25 Td (ts in r) Tj ET Q q 0 0 0 rg BT 473.02 421.25 Td (espect of all of its ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 412.85 Td (outs) Tj ET Q q 0 0 0 rg BT 75.37 412.85 Td (t) Tj ET Q q 0 0 0 rg BT 77.63 412.85 Td (anding c) Tj ET Q q 0 0 0 rg BT 101.40 412.85 Td (on) Tj ET Q q 0 0 0 rg BT 108.66 412.85 Td (v) Tj ET Q q 0 0 0 rg BT 111.75 412.85 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 149.91 412.85 Td (tur) Tj ET Q q 0 0 0 rg BT 158.28 412.85 Td (es b) Tj ET Q q 0 0 0 rg BT 169.73 412.85 Td (y the issuance of c) Tj ET Q q 0 0 0 rg BT 221.69 412.85 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 257.64 412.85 Td (es, and as such ha) Tj ET Q q 0 0 0 rg BT 308.70 412.85 Td (v) Tj ET Q q 0 0 0 rg BT 311.79 412.85 Td (e been e) Tj ET Q q 0 0 0 rg BT 336.14 412.85 Td (x) Tj ET Q q 0 0 0 rg BT 339.01 412.85 Td (cluded fr) Tj ET Q q 0 0 0 rg BT 364.14 412.85 Td (om this t) Tj ET Q q 0 0 0 rg BT 389.22 412.85 Td (able.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 394.85 Td (In addition, the Compan) Tj ET Q q 0 0 0 rg BT 152.10 394.85 Td (y has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.10 394.85 Td ($38.6 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.86 394.85 Td ( of outs) Tj ET Q q 0 0 0 rg BT 258.38 394.85 Td (t) Tj ET Q q 0 0 0 rg BT 261.61 394.85 Td (anding le) Tj ET Q q 0 0 0 rg BT 298.64 394.85 Td (t) Tj ET Q q 0 0 0 rg BT 301.85 394.85 Td (t) Tj ET Q q 0 0 0 rg BT 305.09 394.85 Td (er) Tj ET Q q 0 0 0 rg BT 313.38 394.85 Td (s of cr) Tj ET Q q 0 0 0 rg BT 337.72 394.85 Td (edit tha) Tj ET Q q 0 0 0 rg BT 369.16 394.85 Td (t ha) Tj ET Q q 0 0 0 rg BT 384.64 394.85 Td (v) Tj ET Q q 0 0 0 rg BT 389.06 394.85 Td (e been issued b) Tj ET Q q 0 0 0 rg BT 452.09 394.85 Td (y financial ins) Tj ET Q q 0 0 0 rg BT 506.73 394.85 Td (titutions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 382.85 Td (primarily t) Tj ET Q q 0 0 0 rg BT 95.93 382.85 Td (o support cert) Tj ET Q q 0 0 0 rg BT 153.42 382.85 Td (ain of the Compan) Tj ET Q q 0 0 0 rg BT 228.16 382.85 Td (y) Tj ET Q q 0 0 0 rg BT 232.98 382.85 Td () Tj ET Q q 0 0 0 rg BT 234.87 382.85 Td (s oblig) Tj ET Q q 0 0 0 rg BT 260.68 382.85 Td (a) Tj ET Q q 0 0 0 rg BT 265.38 382.85 Td (tions r) Tj ET Q q 0 0 0 rg BT 291.08 382.85 Td (ela) Tj ET Q q 0 0 0 rg BT 303.04 382.85 Td (t) Tj ET Q q 0 0 0 rg BT 306.29 382.85 Td (ed t) Tj ET Q q 0 0 0 rg BT 322.03 382.85 Td (o its de) Tj ET Q q 0 0 0 rg BT 351.56 382.85 Td (v) Tj ET Q q 0 0 0 rg BT 355.98 382.85 Td (elopmen) Tj ET Q q 0 0 0 rg BT 391.90 382.85 Td (t pr) Tj ET Q q 0 0 0 rg BT 406.09 382.85 Td (ojects.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 364.85 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 364.85 Td (y) Tj ET Q q 0 0 0 rg BT 109.90 364.85 Td () Tj ET Q q 0 0 0 rg BT 111.78 364.85 Td (s es) Tj ET Q q 0 0 0 rg BT 126.73 364.85 Td (tima) Tj ET Q q 0 0 0 rg BT 145.06 364.85 Td (t) Tj ET Q q 0 0 0 rg BT 148.30 364.85 Td (ed c) Tj ET Q q 0 0 0 rg BT 164.94 364.85 Td (os) Tj ET Q q 0 0 0 rg BT 174.01 364.85 Td (t t) Tj ET Q q 0 0 0 rg BT 182.87 364.85 Td (o c) Tj ET Q q 0 0 0 rg BT 194.55 364.85 Td (omple) Tj ET Q q 0 0 0 rg BT 220.28 364.85 Td (t) Tj ET Q q 0 0 0 rg BT 223.53 364.85 Td (e pr) Tj ET Q q 0 0 0 rg BT 239.34 364.85 Td (operties curr) Tj ET Q q 0 0 0 rg BT 291.45 364.85 Td (en) Tj ET Q q 0 0 0 rg BT 301.58 364.85 Td (tly under de) Tj ET Q q 0 0 0 rg BT 350.68 364.85 Td (v) Tj ET Q q 0 0 0 rg BT 355.10 364.85 Td (elopmen) Tj ET Q q 0 0 0 rg BT 391.02 364.85 Td (t is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.10 364.85 Td ($196.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 462.92 364.85 Td (, of which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 352.85 Td ($47.7 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 106.75 352.85 Td ( is c) Tj ET Q q 0 0 0 rg BT 121.63 352.85 Td (on) Tj ET Q q 0 0 0 rg BT 132.06 352.85 Td (tr) Tj ET Q q 0 0 0 rg BT 138.69 352.85 Td (actually c) Tj ET Q q 0 0 0 rg BT 176.63 352.85 Td (ommit) Tj ET Q q 0 0 0 rg BT 203.38 352.85 Td (t) Tj ET Q q 0 0 0 rg BT 206.62 352.85 Td (ed. The balance of the c) Tj ET Q q 0 0 0 rg BT 303.42 352.85 Td (os) Tj ET Q q 0 0 0 rg BT 312.49 352.85 Td (ts t) Tj ET Q q 0 0 0 rg BT 325.26 352.85 Td (o c) Tj ET Q q 0 0 0 rg BT 336.94 352.85 Td (omple) Tj ET Q q 0 0 0 rg BT 362.68 352.85 Td (t) Tj ET Q q 0 0 0 rg BT 365.92 352.85 Td (e will only be c) Tj ET Q q 0 0 0 rg BT 425.69 352.85 Td (ommit) Tj ET Q q 0 0 0 rg BT 452.45 352.85 Td (t) Tj ET Q q 0 0 0 rg BT 455.69 352.85 Td (ed once leases ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 340.85 Td (ar) Tj ET Q q 0 0 0 rg BT 62.14 340.85 Td (e signed and/) Tj ET Q q 0 0 0 rg BT 117.03 340.85 Td (or c) Tj ET Q q 0 0 0 rg BT 132.19 340.85 Td (ons) Tj ET Q q 0 0 0 rg BT 146.52 340.85 Td (truction activities ar) Tj ET Q q 0 0 0 rg BT 227.68 340.85 Td (e under) Tj ET Q q 0 0 0 rg BT 259.20 340.85 Td (w) Tj ET Q q 0 0 0 rg BT 266.23 340.85 Td (a) Tj ET Q q 0 0 0 rg BT 270.84 340.85 Td (y) Tj ET Q q 0 0 0 rg BT 274.70 340.85 Td (. These c) Tj ET Q q 0 0 0 rg BT 309.88 340.85 Td (on) Tj ET Q q 0 0 0 rg BT 320.32 340.85 Td (tr) Tj ET Q q 0 0 0 rg BT 326.95 340.85 Td (actual and pot) Tj ET Q q 0 0 0 rg BT 385.25 340.85 Td (en) Tj ET Q q 0 0 0 rg BT 395.38 340.85 Td (tial oblig) Tj ET Q q 0 0 0 rg BT 430.01 340.85 Td (a) Tj ET Q q 0 0 0 rg BT 434.71 340.85 Td (tions primarily ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 328.85 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 328.85 Td (onsis) Tj ET Q q 0 0 0 rg BT 78.68 328.85 Td (t of c) Tj ET Q q 0 0 0 rg BT 99.02 328.85 Td (ons) Tj ET Q q 0 0 0 rg BT 113.35 328.85 Td (truction c) Tj ET Q q 0 0 0 rg BT 152.24 328.85 Td (on) Tj ET Q q 0 0 0 rg BT 162.68 328.85 Td (tr) Tj ET Q q 0 0 0 rg BT 169.31 328.85 Td (acts and additional planned de) Tj ET Q q 0 0 0 rg BT 294.03 328.85 Td (v) Tj ET Q q 0 0 0 rg BT 298.45 328.85 Td (elopmen) Tj ET Q q 0 0 0 rg BT 334.38 328.85 Td (t e) Tj ET Q q 0 0 0 rg BT 344.81 328.85 Td (xpenditur) Tj ET Q q 0 0 0 rg BT 384.13 328.85 Td (es and ar) Tj ET Q q 0 0 0 rg BT 420.98 328.85 Td (e e) Tj ET Q q 0 0 0 rg BT 433.04 328.85 Td (xpect) Tj ET Q q 0 0 0 rg BT 455.07 328.85 Td (ed t) Tj ET Q q 0 0 0 rg BT 470.82 328.85 Td (o be funded ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 316.85 Td (in the normal c) Tj ET Q q 0 0 0 rg BT 115.14 316.85 Td (our) Tj ET Q q 0 0 0 rg BT 128.99 316.85 Td (se as the w) Tj ET Q q 0 0 0 rg BT 173.99 316.85 Td (ork is c) Tj ET Q q 0 0 0 rg BT 202.17 316.85 Td (omple) Tj ET Q q 0 0 0 rg BT 227.90 316.85 Td (t) Tj ET Q q 0 0 0 rg BT 231.14 316.85 Td (ed.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 293.45 Td (Con) Tj ET Q q 0 0 0 rg BT 73.13 293.45 Td (ting) Tj ET Q q 0 0 0 rg BT 92.24 293.45 Td (encies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 278.45 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 278.45 Td (y is in) Tj ET Q q 0 0 0 rg BT 127.71 278.45 Td (v) Tj ET Q q 0 0 0 rg BT 132.13 278.45 Td (olv) Tj ET Q q 0 0 0 rg BT 144.12 278.45 Td (ed in litig) Tj ET Q q 0 0 0 rg BT 181.17 278.45 Td (a) Tj ET Q q 0 0 0 rg BT 185.87 278.45 Td (tion and claims which arise fr) Tj ET Q q 0 0 0 rg BT 304.17 278.45 Td (om time t) Tj ET Q q 0 0 0 rg BT 343.81 278.45 Td (o time in the normal c) Tj ET Q q 0 0 0 rg BT 433.36 278.45 Td (our) Tj ET Q q 0 0 0 rg BT 447.20 278.45 Td (se of business. In the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 266.45 Td (opinion of Manag) Tj ET Q q 0 0 0 rg BT 125.75 266.45 Td (emen) Tj ET Q q 0 0 0 rg BT 148.85 266.45 Td (t, none of these, individually or in the ag) Tj ET Q q 0 0 0 rg BT 312.63 266.45 Td (gr) Tj ET Q q 0 0 0 rg BT 320.69 266.45 Td (eg) Tj ET Q q 0 0 0 rg BT 330.19 266.45 Td (a) Tj ET Q q 0 0 0 rg BT 334.88 266.45 Td (t) Tj ET Q q 0 0 0 rg BT 338.13 266.45 Td (e, w) Tj ET Q q 0 0 0 rg BT 354.91 266.45 Td (ould r) Tj ET Q q 0 0 0 rg BT 378.60 266.45 Td (esult in a liability tha) Tj ET Q q 0 0 0 rg BT 462.47 266.45 Td (t w) Tj ET Q q 0 0 0 rg BT 475.13 266.45 Td (ould ha) Tj ET Q q 0 0 0 rg BT 505.35 266.45 Td (v) Tj ET Q q 0 0 0 rg BT 509.77 266.45 Td (e a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 254.45 Td (ma) Tj ET Q q 0 0 0 rg BT 66.69 254.45 Td (t) Tj ET Q q 0 0 0 rg BT 69.93 254.45 Td (erial adv) Tj ET Q q 0 0 0 rg BT 104.49 254.45 Td (er) Tj ET Q q 0 0 0 rg BT 112.78 254.45 Td (se e) Tj ET Q q 0 0 0 rg BT 128.82 254.45 Td (f) Tj ET Q q 0 0 0 rg BT 131.77 254.45 Td (f) Tj ET Q q 0 0 0 rg BT 134.58 254.45 Td (ect on the financial position of the Compan) Tj ET Q q 0 0 0 rg BT 309.83 254.45 Td (y) Tj ET Q q 0 0 0 rg BT 313.70 254.45 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 236.45 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 236.45 Td (y is c) Tj ET Q q 0 0 0 rg BT 124.47 236.45 Td (on) Tj ET Q q 0 0 0 rg BT 134.90 236.45 Td (ting) Tj ET Q q 0 0 0 rg BT 150.43 236.45 Td (en) Tj ET Q q 0 0 0 rg BT 160.56 236.45 Td (tly liable, join) Tj ET Q q 0 0 0 rg BT 214.78 236.45 Td (tly and se) Tj ET Q q 0 0 0 rg BT 253.60 236.45 Td (v) Tj ET Q q 0 0 0 rg BT 258.02 236.45 Td (er) Tj ET Q q 0 0 0 rg BT 266.28 236.45 Td (ally) Tj ET Q q 0 0 0 rg BT 279.47 236.45 Td (, f) Tj ET Q q 0 0 0 rg BT 287.07 236.45 Td (or appr) Tj ET Q q 0 0 0 rg BT 316.71 236.45 Td (o) Tj ET Q q 0 0 0 rg BT 321.79 236.45 Td (xima) Tj ET Q q 0 0 0 rg BT 341.10 236.45 Td (t) Tj ET Q q 0 0 0 rg BT 344.35 236.45 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.40 236.45 Td ($59.6 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 411.16 236.45 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 416.45 236.45 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.91 236.45 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 224.45 Td ($60.0 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 106.75 224.45 Td (\) t) Tj ET Q q 0 0 0 rg BT 115.30 224.45 Td (o v) Tj ET Q q 0 0 0 rg BT 127.20 224.45 Td (arious lender) Tj ET Q q 0 0 0 rg BT 180.54 224.45 Td (s in c) Tj ET Q q 0 0 0 rg BT 200.67 224.45 Td (onnection with cert) Tj ET Q q 0 0 0 rg BT 280.31 224.45 Td (ain oblig) Tj ET Q q 0 0 0 rg BT 314.55 224.45 Td (a) Tj ET Q q 0 0 0 rg BT 319.25 224.45 Td (tions, including loans adv) Tj ET Q q 0 0 0 rg BT 421.38 224.45 Td (anced t) Tj ET Q q 0 0 0 rg BT 451.40 224.45 Td (o its partner) Tj ET Q q 0 0 0 rg BT 501.17 224.45 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 212.45 Td (secur) Tj ET Q q 0 0 0 rg BT 75.72 212.45 Td (ed b) Tj ET Q q 0 0 0 rg BT 93.42 212.45 Td (y the partner) Tj ET Q q 0 0 0 rg BT 146.47 212.45 Td (s in) Tj ET Q q 0 0 0 rg BT 162.59 212.45 Td (t) Tj ET Q q 0 0 0 rg BT 165.84 212.45 Td (er) Tj ET Q q 0 0 0 rg BT 174.17 212.45 Td (es) Tj ET Q q 0 0 0 rg BT 182.94 212.45 Td (t in the en) Tj ET Q q 0 0 0 rg BT 224.34 212.45 Td (tity and underlying asse) Tj ET Q q 0 0 0 rg BT 320.77 212.45 Td (ts. R) Tj ET Q q 0 0 0 rg BT 338.07 212.45 Td (e) Tj ET Q q 0 0 0 rg BT 342.96 212.45 Td (f) Tj ET Q q 0 0 0 rg BT 345.76 212.45 Td (er t) Tj ET Q q 0 0 0 rg BT 359.74 212.45 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.11 212.45 Td (Not) Tj ET Q q 0 0 0 rg BT 398.08 212.45 Td (e 28) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 415.46 212.45 Td ( t) Tj ET Q q 0 0 0 rg BT 420.97 212.45 Td (o the in) Tj ET Q q 0 0 0 rg BT 451.80 212.45 Td (t) Tj ET Q q 0 0 0 rg BT 455.04 212.45 Td (erim ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 200.45 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 200.45 Td (onsolida) Tj ET Q q 0 0 0 rg BT 92.40 200.45 Td (t) Tj ET Q q 0 0 0 rg BT 95.64 200.45 Td (ed financial s) Tj ET Q q 0 0 0 rg BT 148.44 200.45 Td (t) Tj ET Q q 0 0 0 rg BT 151.67 200.45 Td (a) Tj ET Q q 0 0 0 rg BT 156.37 200.45 Td (t) Tj ET Q q 0 0 0 rg BT 159.61 200.45 Td (emen) Tj ET Q q 0 0 0 rg BT 182.71 200.45 Td (ts.) Tj ET Q endstream endobj 115 0 obj <> endobj 116 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (56) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET q 0 0 0 rg BT 54.00 691.50 Td (DIVIDENDS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 673.50 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 673.50 Td (y has paid r) Tj ET Q q 0 0 0 rg BT 151.28 673.50 Td (egular quart) Tj ET Q q 0 0 0 rg BT 201.08 673.50 Td (erly dividends t) Tj ET Q q 0 0 0 rg BT 263.14 673.50 Td (o c) Tj ET Q q 0 0 0 rg BT 274.82 673.50 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 326.17 673.50 Td (eholder) Tj ET Q q 0 0 0 rg BT 357.51 673.50 Td (s since it c) Tj ET Q q 0 0 0 rg BT 398.66 673.50 Td (ommenced oper) Tj ET Q q 0 0 0 rg BT 465.64 673.50 Td (a) Tj ET Q q 0 0 0 rg BT 470.34 673.50 Td (tions as a public ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 661.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 661.50 Td (ompan) Tj ET Q q 0 0 0 rg BT 86.52 661.50 Td (y in 1994. Dividends on the c) Tj ET Q q 0 0 0 rg BT 203.12 661.50 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 254.46 661.50 Td (es, if an) Tj ET Q q 0 0 0 rg BT 285.57 661.50 Td (y) Tj ET Q q 0 0 0 rg BT 289.39 661.50 Td (, tha) Tj ET Q q 0 0 0 rg BT 307.44 661.50 Td (t ar) Tj ET Q q 0 0 0 rg BT 321.20 661.50 Td (e declar) Tj ET Q q 0 0 0 rg BT 353.33 661.50 Td (ed ar) Tj ET Q q 0 0 0 rg BT 373.97 661.50 Td (e a) Tj ET Q q 0 0 0 rg BT 385.90 661.50 Td (t the discr) Tj ET Q q 0 0 0 rg BT 426.39 661.50 Td (e) Tj ET Q q 0 0 0 rg BT 431.31 661.50 Td (tion of the Boar) Tj ET Q q 0 0 0 rg BT 495.03 661.50 Td (d of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 649.50 Td (Dir) Tj ET Q q 0 0 0 rg BT 65.80 649.50 Td (ect) Tj ET Q q 0 0 0 rg BT 78.26 649.50 Td (or) Tj ET Q q 0 0 0 rg BT 86.85 649.50 Td (s and ar) Tj ET Q q 0 0 0 rg BT 118.72 649.50 Td (e se) Tj ET Q q 0 0 0 rg BT 134.79 649.50 Td (t fr) Tj ET Q q 0 0 0 rg BT 146.78 649.50 Td (om time t) Tj ET Q q 0 0 0 rg BT 186.42 649.50 Td (o time a) Tj ET Q q 0 0 0 rg BT 219.56 649.50 Td (ft) Tj ET Q q 0 0 0 rg BT 225.85 649.50 Td (er t) Tj ET Q q 0 0 0 rg BT 239.80 649.50 Td (aking in) Tj ET Q q 0 0 0 rg BT 271.11 649.50 Td (t) Tj ET Q q 0 0 0 rg BT 274.36 649.50 Td (o c) Tj ET Q q 0 0 0 rg BT 286.04 649.50 Td (onsider) Tj ET Q q 0 0 0 rg BT 316.29 649.50 Td (a) Tj ET Q q 0 0 0 rg BT 320.98 649.50 Td (tion the Compan) Tj ET Q q 0 0 0 rg BT 388.96 649.50 Td (y) Tj ET Q q 0 0 0 rg BT 393.79 649.50 Td () Tj ET Q q 0 0 0 rg BT 395.67 649.50 Td (s c) Tj ET Q q 0 0 0 rg BT 405.99 649.50 Td (apit) Tj ET Q q 0 0 0 rg BT 421.56 649.50 Td (al r) Tj ET Q q 0 0 0 rg BT 434.26 649.50 Td (equir) Tj ET Q q 0 0 0 rg BT 455.39 649.50 Td (emen) Tj ET Q q 0 0 0 rg BT 478.49 649.50 Td (ts, its alt) Tj ET Q q 0 0 0 rg BT 512.65 649.50 Td (erna) Tj ET Q q 0 0 0 rg BT 531.07 649.50 Td (tiv) Tj ET Q q 0 0 0 rg BT 541.13 649.50 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 637.50 Td (sour) Tj ET Q q 0 0 0 rg BT 71.78 637.50 Td (ces of c) Tj ET Q q 0 0 0 rg BT 101.89 637.50 Td (apit) Tj ET Q q 0 0 0 rg BT 117.45 637.50 Td (al and c) Tj ET Q q 0 0 0 rg BT 148.50 637.50 Td (ommon indus) Tj ET Q q 0 0 0 rg BT 204.40 637.50 Td (tr) Tj ET Q q 0 0 0 rg BT 211.28 637.50 Td (y c) Tj ET Q q 0 0 0 rg BT 222.21 637.50 Td (ash dis) Tj ET Q q 0 0 0 rg BT 249.78 637.50 Td (tribution pr) Tj ET Q q 0 0 0 rg BT 296.38 637.50 Td (actices. ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 627 m 438.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 627 m 498.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 627 m 558.5 627 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 614 m 438.5 614 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 601 m 438.5 601 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 614 m 498.5 614 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 601 m 498.5 601 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 614 m 558.5 614 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 601 m 558.5 601 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 548 m 438.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 548 m 498.5 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 548 m 558.5 548 l s BT /F3 8.50 Tf ET q 0 0 0 rg BT 448.35 618.13 Td (Three months ended March 31) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 477.75 605.13 Td (2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 537.75 605.13 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 591.75 Td (Regular dividends paid per common share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 591.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.30 591.75 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 591.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 591.75 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 578.75 Td (Payout ratio calculated as a percentage of:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 566.75 Td (Funds from operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.30 565.75 Td (82.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.40 565.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 565.75 Td (82.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 565.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 552.75 Td (Adjusted funds from operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.30 552.75 Td (88.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.40 552.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 552.75 Td (86.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 552.75 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 528.10 Td (Quart) Tj ET Q q 0 0 0 rg BT 82.88 528.10 Td (erly Dividend) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 513.10 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 513.10 Td (y announced tha) Tj ET Q q 0 0 0 rg BT 172.96 513.10 Td (t it will pa) Tj ET Q q 0 0 0 rg BT 212.62 513.10 Td (y a sec) Tj ET Q q 0 0 0 rg BT 239.49 513.10 Td (ond quart) Tj ET Q q 0 0 0 rg BT 279.56 513.10 Td (er dividend of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 338.23 513.10 Td ($0.21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.03 513.10 Td ( per c) Tj ET Q q 0 0 0 rg BT 383.41 513.10 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 434.76 513.10 Td (e on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.78 513.10 Td (July 10, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 507.47 513.10 Td ( t) Tj ET Q q 0 0 0 rg BT 512.98 513.10 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 501.10 Td (shar) Tj ET Q q 0 0 0 rg BT 71.31 501.10 Td (eholder) Tj ET Q q 0 0 0 rg BT 102.65 501.10 Td (s of r) Tj ET Q q 0 0 0 rg BT 122.76 501.10 Td (ec) Tj ET Q q 0 0 0 rg BT 131.89 501.10 Td (or) Tj ET Q q 0 0 0 rg BT 140.51 501.10 Td (d on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 160.81 501.10 Td (June 30, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 216.91 501.10 Td (. ) Tj ET Q BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 464.75 Td (SUMMAR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.33 464.75 Td (Y OF FINANCIAL RE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.20 464.75 Td (SUL) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.85 464.75 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.72 464.75 Td (S OF L) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 282.23 464.75 Td (ONG-TERM DEB) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.37 464.75 Td (T GU) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.15 464.75 Td (ARANT) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.77 464.75 Td (OR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.99 464.75 Td (S) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 446.75 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 446.75 Td (y's senior unsecur) Tj ET Q q 0 0 0 rg BT 177.66 446.75 Td (ed deben) Tj ET Q q 0 0 0 rg BT 215.77 446.75 Td (tur) Tj ET Q q 0 0 0 rg BT 227.73 446.75 Td (es ar) Tj ET Q q 0 0 0 rg BT 247.02 446.75 Td (e guar) Tj ET Q q 0 0 0 rg BT 272.29 446.75 Td (an) Tj ET Q q 0 0 0 rg BT 282.24 446.75 Td (t) Tj ET Q q 0 0 0 rg BT 285.48 446.75 Td (eed b) Tj ET Q q 0 0 0 rg BT 308.16 446.75 Td (y the wholly o) Tj ET Q q 0 0 0 rg BT 365.07 446.75 Td (wned sub) Tj ET Q q 0 0 0 rg BT 404.33 446.75 Td (sidiaries of Fir) Tj ET Q q 0 0 0 rg BT 460.60 446.75 Td (s) Tj ET Q q 0 0 0 rg BT 464.40 446.75 Td (t Capit) Tj ET Q q 0 0 0 rg BT 490.90 446.75 Td (al R) Tj ET Q q 0 0 0 rg BT 505.50 446.75 Td (ealty) Tj ET Q q 0 0 0 rg BT 524.73 446.75 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 434.75 Td (other than nominee sub) Tj ET Q q 0 0 0 rg BT 152.15 434.75 Td (sidiaries and inactiv) Tj ET Q q 0 0 0 rg BT 231.82 434.75 Td (e sub) Tj ET Q q 0 0 0 rg BT 253.42 434.75 Td (sidiaries. All such curr) Tj ET Q q 0 0 0 rg BT 341.29 434.75 Td (en) Tj ET Q q 0 0 0 rg BT 351.43 434.75 Td (t and futur) Tj ET Q q 0 0 0 rg BT 394.86 434.75 Td (e wholly o) Tj ET Q q 0 0 0 rg BT 436.38 434.75 Td (wned sub) Tj ET Q q 0 0 0 rg BT 475.65 434.75 Td (sidiaries will ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 422.75 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 422.75 Td (o) Tj ET Q q 0 0 0 rg BT 67.81 422.75 Td (vide a guar) Tj ET Q q 0 0 0 rg BT 112.19 422.75 Td (an) Tj ET Q q 0 0 0 rg BT 122.14 422.75 Td (t) Tj ET Q q 0 0 0 rg BT 125.39 422.75 Td (ee of the deben) Tj ET Q q 0 0 0 rg BT 189.64 422.75 Td (tur) Tj ET Q q 0 0 0 rg BT 201.60 422.75 Td (es. In the c) Tj ET Q q 0 0 0 rg BT 245.29 422.75 Td (ase of de) Tj ET Q q 0 0 0 rg BT 281.96 422.75 Td (f) Tj ET Q q 0 0 0 rg BT 284.82 422.75 Td (ault b) Tj ET Q q 0 0 0 rg BT 307.97 422.75 Td (y Fir) Tj ET Q q 0 0 0 rg BT 324.96 422.75 Td (s) Tj ET Q q 0 0 0 rg BT 328.76 422.75 Td (t Capit) Tj ET Q q 0 0 0 rg BT 355.27 422.75 Td (al R) Tj ET Q q 0 0 0 rg BT 369.87 422.75 Td (ealty) Tj ET Q q 0 0 0 rg BT 389.09 422.75 Td (, the inden) Tj ET Q q 0 0 0 rg BT 432.63 422.75 Td (tur) Tj ET Q q 0 0 0 rg BT 444.59 422.75 Td (e trus) Tj ET Q q 0 0 0 rg BT 467.71 422.75 Td (t) Tj ET Q q 0 0 0 rg BT 470.95 422.75 Td (ee will, subject t) Tj ET Q q 0 0 0 rg BT 536.83 422.75 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 410.75 Td (the inden) Tj ET Q q 0 0 0 rg BT 92.78 410.75 Td (tur) Tj ET Q q 0 0 0 rg BT 104.74 410.75 Td (e, be en) Tj ET Q q 0 0 0 rg BT 137.10 410.75 Td (titled t) Tj ET Q q 0 0 0 rg BT 164.13 410.75 Td (o seek r) Tj ET Q q 0 0 0 rg BT 195.68 410.75 Td (edr) Tj ET Q q 0 0 0 rg BT 209.27 410.75 Td (ess fr) Tj ET Q q 0 0 0 rg BT 230.70 410.75 Td (om such wholly o) Tj ET Q q 0 0 0 rg BT 301.42 410.75 Td (wned sub) Tj ET Q q 0 0 0 rg BT 340.68 410.75 Td (sidiaries f) Tj ET Q q 0 0 0 rg BT 379.00 410.75 Td (or the guar) Tj ET Q q 0 0 0 rg BT 423.89 410.75 Td (an) Tj ET Q q 0 0 0 rg BT 433.84 410.75 Td (t) Tj ET Q q 0 0 0 rg BT 437.09 410.75 Td (eed oblig) Tj ET Q q 0 0 0 rg BT 474.19 410.75 Td (a) Tj ET Q q 0 0 0 rg BT 478.89 410.75 Td (tions in the same ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 398.75 Td (manner and upon the same t) Tj ET Q q 0 0 0 rg BT 171.87 398.75 Td (erms tha) Tj ET Q q 0 0 0 rg BT 207.79 398.75 Td (t it ma) Tj ET Q q 0 0 0 rg BT 233.90 398.75 Td (y seek t) Tj ET Q q 0 0 0 rg BT 264.61 398.75 Td (o en) Tj ET Q q 0 0 0 rg BT 282.32 398.75 Td (f) Tj ET Q q 0 0 0 rg BT 285.16 398.75 Td (or) Tj ET Q q 0 0 0 rg BT 293.77 398.75 Td (ce the oblig) Tj ET Q q 0 0 0 rg BT 340.71 398.75 Td (a) Tj ET Q q 0 0 0 rg BT 345.41 398.75 Td (tions of Fir) Tj ET Q q 0 0 0 rg BT 388.55 398.75 Td (s) Tj ET Q q 0 0 0 rg BT 392.34 398.75 Td (t Capit) Tj ET Q q 0 0 0 rg BT 418.85 398.75 Td (al R) Tj ET Q q 0 0 0 rg BT 433.45 398.75 Td (ealty) Tj ET Q q 0 0 0 rg BT 452.73 398.75 Td (. These guar) Tj ET Q q 0 0 0 rg BT 501.80 398.75 Td (an) Tj ET Q q 0 0 0 rg BT 511.75 398.75 Td (t) Tj ET Q q 0 0 0 rg BT 514.99 398.75 Td (ees ar) Tj ET Q q 0 0 0 rg BT 539.26 398.75 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 386.75 Td (in) Tj ET Q q 0 0 0 rg BT 61.46 386.75 Td (t) Tj ET Q q 0 0 0 rg BT 64.70 386.75 Td (ended t) Tj ET Q q 0 0 0 rg BT 95.92 386.75 Td (o elimina) Tj ET Q q 0 0 0 rg BT 133.26 386.75 Td (t) Tj ET Q q 0 0 0 rg BT 136.50 386.75 Td (e s) Tj ET Q q 0 0 0 rg BT 147.54 386.75 Td (tructur) Tj ET Q q 0 0 0 rg BT 175.74 386.75 Td (al subor) Tj ET Q q 0 0 0 rg BT 208.13 386.75 Td (dina) Tj ET Q q 0 0 0 rg BT 225.63 386.75 Td (tion, which arises as a c) Tj ET Q q 0 0 0 rg BT 320.78 386.75 Td (onsequence of a signific) Tj ET Q q 0 0 0 rg BT 417.99 386.75 Td (an) Tj ET Q q 0 0 0 rg BT 427.94 386.75 Td (t portion of Fir) Tj ET Q q 0 0 0 rg BT 486.79 386.75 Td (s) Tj ET Q q 0 0 0 rg BT 490.59 386.75 Td (t Capit) Tj ET Q q 0 0 0 rg BT 517.10 386.75 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 374.75 Td (R) Tj ET Q q 0 0 0 rg BT 59.25 374.75 Td (ealty) Tj ET Q q 0 0 0 rg BT 79.49 374.75 Td () Tj ET Q q 0 0 0 rg BT 81.38 374.75 Td (s asse) Tj ET Q q 0 0 0 rg BT 105.08 374.75 Td (ts being held in v) Tj ET Q q 0 0 0 rg BT 173.57 374.75 Td (arious sub) Tj ET Q q 0 0 0 rg BT 215.21 374.75 Td (sidiaries.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 356.75 Td (The f) Tj ET Q q 0 0 0 rg BT 74.21 356.75 Td (ollo) Tj ET Q q 0 0 0 rg BT 89.30 356.75 Td (wing t) Tj ET Q q 0 0 0 rg BT 114.20 356.75 Td (ables se) Tj ET Q q 0 0 0 rg BT 146.51 356.75 Td (t f) Tj ET Q q 0 0 0 rg BT 154.97 356.75 Td (orth select) Tj ET Q q 0 0 0 rg BT 198.22 356.75 Td (ed c) Tj ET Q q 0 0 0 rg BT 214.85 356.75 Td (onsolida) Tj ET Q q 0 0 0 rg BT 249.11 356.75 Td (ting summar) Tj ET Q q 0 0 0 rg BT 300.44 356.75 Td (y in) Tj ET Q q 0 0 0 rg BT 314.72 356.75 Td (f) Tj ET Q q 0 0 0 rg BT 317.56 356.75 Td (orma) Tj ET Q q 0 0 0 rg BT 339.00 356.75 Td (tion f) Tj ET Q q 0 0 0 rg BT 360.28 356.75 Td (or the Compan) Tj ET Q q 0 0 0 rg BT 420.85 356.75 Td (y f) Tj ET Q q 0 0 0 rg BT 430.47 356.75 Td (or the periods iden) Tj ET Q q 0 0 0 rg BT 507.73 356.75 Td (tified ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 344.75 Td (belo) Tj ET Q q 0 0 0 rg BT 71.76 344.75 Td (w pr) Tj ET Q q 0 0 0 rg BT 89.78 344.75 Td (esen) Tj ET Q q 0 0 0 rg BT 108.80 344.75 Td (t) Tj ET Q q 0 0 0 rg BT 112.04 344.75 Td (ed separ) Tj ET Q q 0 0 0 rg BT 146.74 344.75 Td (a) Tj ET Q q 0 0 0 rg BT 151.44 344.75 Td (t) Tj ET Q q 0 0 0 rg BT 154.68 344.75 Td (ely f) Tj ET Q q 0 0 0 rg BT 171.58 344.75 Td (or \(i\) Fir) Tj ET Q q 0 0 0 rg BT 203.43 344.75 Td (s) Tj ET Q q 0 0 0 rg BT 207.23 344.75 Td (t Capit) Tj ET Q q 0 0 0 rg BT 233.74 344.75 Td (al R) Tj ET Q q 0 0 0 rg BT 248.34 344.75 Td (ealty \(denot) Tj ET Q q 0 0 0 rg BT 297.56 344.75 Td (ed as F) Tj ET Q q 0 0 0 rg BT 325.52 344.75 Td (CR\); \(ii\) guar) Tj ET Q q 0 0 0 rg BT 375.20 344.75 Td (an) Tj ET Q q 0 0 0 rg BT 385.15 344.75 Td (t) Tj ET Q q 0 0 0 rg BT 388.40 344.75 Td (or sub) Tj ET Q q 0 0 0 rg BT 413.79 344.75 Td (sidiaries; \(iii\) non-guar) Tj ET Q q 0 0 0 rg BT 504.03 344.75 Td (an) Tj ET Q q 0 0 0 rg BT 513.98 344.75 Td (t) Tj ET Q q 0 0 0 rg BT 517.23 344.75 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 332.75 Td (sub) Tj ET Q q 0 0 0 rg BT 68.37 332.75 Td (sidiaries; \(iv\) c) Tj ET Q q 0 0 0 rg BT 125.80 332.75 Td (onsolida) Tj ET Q q 0 0 0 rg BT 160.05 332.75 Td (ting adjus) Tj ET Q q 0 0 0 rg BT 199.41 332.75 Td (tmen) Tj ET Q q 0 0 0 rg BT 220.88 332.75 Td (ts; and \(v\) the t) Tj ET Q q 0 0 0 rg BT 282.57 332.75 Td (ot) Tj ET Q q 0 0 0 rg BT 291.08 332.75 Td (al c) Tj ET Q q 0 0 0 rg BT 304.57 332.75 Td (onsolida) Tj ET Q q 0 0 0 rg BT 338.82 332.75 Td (t) Tj ET Q q 0 0 0 rg BT 342.06 332.75 Td (ed amoun) Tj ET Q q 0 0 0 rg BT 383.02 332.75 Td (ts.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 316.25 m 154.5 316.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 154.5 316.25 m 194.5 316.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 316.25 m 234.5 316.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 316.25 m 274.5 316.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 316.25 m 314.5 316.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 316.25 m 354.5 316.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 316.25 m 394.5 316.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 316.25 m 434.5 316.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 316.25 m 474.5 316.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 316.25 m 514.5 316.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 316.25 m 554.5 316.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 299.25 m 154.5 299.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 286.25 m 154.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 154.5 299.25 m 194.5 299.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 154.5 286.25 m 194.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194.5 299.25 m 234.5 299.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194.5 286.25 m 234.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 299.25 m 274.5 299.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 286.25 m 274.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274.5 299.25 m 314.5 299.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274.5 286.25 m 314.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 299.25 m 354.5 299.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 286.25 m 354.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 354.5 299.25 m 394.5 299.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 354.5 286.25 m 394.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394.5 299.25 m 434.5 299.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394.5 286.25 m 434.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 299.25 m 474.5 299.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 286.25 m 474.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474.5 299.25 m 514.5 299.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474.5 286.25 m 514.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 299.25 m 554.5 299.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 286.25 m 554.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 273.25 m 154.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 154.5 286.25 m 194.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 154.5 273.25 m 194.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194.5 286.25 m 234.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194.5 273.25 m 234.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 286.25 m 274.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 273.25 m 274.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274.5 286.25 m 314.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274.5 273.25 m 314.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 286.25 m 354.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 273.25 m 354.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 354.5 286.25 m 394.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 354.5 273.25 m 394.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394.5 286.25 m 434.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394.5 273.25 m 434.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 286.25 m 474.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 273.25 m 474.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474.5 286.25 m 514.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474.5 273.25 m 514.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 286.25 m 554.5 286.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 273.25 m 554.5 273.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 205.25 m 154.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 154.5 205.25 m 194.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 205.25 m 234.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 205.25 m 274.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 205.25 m 314.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 205.25 m 354.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 205.25 m 394.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 205.25 m 434.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 205.25 m 474.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 205.25 m 514.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 205.25 m 554.5 205.25 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 186.55 303.25 Td (F) Tj ET Q q 0 0 0 rg BT 189.25 303.25 Td (CR ) Tj ET Q BT /F3 6.00 Tf ET BT /F3 3.90 Tf ET q 0 0 0 rg BT 197.07 306.11 Td (\(1\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 257.50 303.25 Td (Guar) Tj ET Q q 0 0 0 rg BT 269.28 303.25 Td (an) Tj ET Q q 0 0 0 rg BT 275.25 303.25 Td (t) Tj ET Q q 0 0 0 rg BT 277.20 303.25 Td (or) Tj ET Q q 0 0 0 rg BT 282.36 303.25 Td (s ) Tj ET Q BT /F3 6.00 Tf ET BT /F3 3.90 Tf ET q 0 0 0 rg BT 286.06 306.11 Td (\(2\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 331.50 303.25 Td (Non-Guar) Tj ET Q q 0 0 0 rg BT 355.31 303.25 Td (an) Tj ET Q q 0 0 0 rg BT 361.28 303.25 Td (t) Tj ET Q q 0 0 0 rg BT 363.23 303.25 Td (or) Tj ET Q q 0 0 0 rg BT 368.38 303.25 Td (s ) Tj ET Q BT /F3 6.00 Tf ET BT /F3 3.90 Tf ET q 0 0 0 rg BT 372.08 306.11 Td (\(3\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 398.35 303.25 Td (Consolida) Tj ET Q q 0 0 0 rg BT 422.10 303.25 Td (tion Adjus) Tj ET Q q 0 0 0 rg BT 446.65 303.25 Td (tmen) Tj ET Q q 0 0 0 rg BT 459.54 303.25 Td (ts ) Tj ET Q BT /F3 6.00 Tf ET BT /F3 3.90 Tf ET q 0 0 0 rg BT 465.25 306.11 Td (\(4\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 491.50 303.25 Td (Total Consolidated) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 57.00 290.50 Td (\(millions of dollars\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 444.35 290.38 Td (Three months ended March 31) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 173.75 277.38 Td (2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 213.75 277.38 Td (2013) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 253.75 277.38 Td (2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 293.75 277.38 Td (2013) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 333.75 277.38 Td (2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 373.75 277.38 Td (2013) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 413.75 277.38 Td (2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 453.75 277.38 Td (2013) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 493.75 277.38 Td (2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 533.75 277.38 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 264.75 Td (Statement of Income Data:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 251.75 Td (Property rental revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 157.00 251.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 182.00 251.00 Td (68) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 197.00 251.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.10 251.00 Td (55) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.00 251.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 257.45 251.00 Td (103) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 277.00 251.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 297.55 251.00 Td (109) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.00 251.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.55 251.00 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.00 251.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.65 251.00 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 251.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.75 251.00 Td (\(9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.15 251.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.00 251.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.95 251.00 Td (\(7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.25 251.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.00 251.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.45 251.00 Td (163) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.00 251.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.55 251.00 Td (158) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 238.75 Td (NOI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 182.00 238.00 Td (41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.10 238.00 Td (34) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 262.00 238.00 Td (58) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.10 238.00 Td (63) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.55 238.00 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.65 238.00 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.75 238.00 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.15 238.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.10 238.00 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 238.00 Td (99) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.10 238.00 Td (98) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 225.75 Td (Net income attributable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 217.75 Td (to common) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 209.75 Td (shareholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 182.00 210.00 Td (35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.10 210.00 Td (53) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 262.00 210.00 Td (46) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.10 210.00 Td (54) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.00 210.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.65 210.00 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.20 210.00 Td (\(46) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.15 210.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.35 210.00 Td (\(55) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.25 210.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 210.00 Td (35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.10 210.00 Td (53) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 189.25 m 153.5 189.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 174.25 m 153.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153.5 189.25 m 233.5 189.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153.5 174.25 m 233.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 189.25 m 313.5 189.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 233.5 174.25 m 313.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 189.25 m 393.5 189.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 174.25 m 393.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 189.25 m 473.5 189.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393.5 174.25 m 473.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 189.25 m 553.5 189.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 174.25 m 553.5 174.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 161.25 m 153.5 161.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153.5 161.25 m 233.5 161.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 233.5 174.25 m 313.5 174.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 233.5 161.25 m 313.5 161.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 174.25 m 393.5 174.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 161.25 m 393.5 161.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393.5 174.25 m 473.5 174.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393.5 161.25 m 473.5 161.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 174.25 m 553.5 174.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 161.25 m 553.5 161.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 101.25 m 153.5 101.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153.5 101.25 m 233.5 101.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 101.25 m 313.5 101.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 101.25 m 393.5 101.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 101.25 m 473.5 101.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 101.25 m 553.5 101.25 l s BT /F4 7.00 Tf ET q 0 0 0 rg BT 57.00 178.50 Td (\(millions of dollars\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 215.10 178.25 Td (F) Tj ET Q q 0 0 0 rg BT 217.80 178.25 Td (CR ) Tj ET Q BT /F3 6.00 Tf ET BT /F3 3.90 Tf ET q 0 0 0 rg BT 225.62 181.11 Td (\(1\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 277.05 178.25 Td (Guar) Tj ET Q q 0 0 0 rg BT 288.83 178.25 Td (an) Tj ET Q q 0 0 0 rg BT 294.80 178.25 Td (t) Tj ET Q q 0 0 0 rg BT 296.75 178.25 Td (or) Tj ET Q q 0 0 0 rg BT 301.91 178.25 Td (s ) Tj ET Q BT /F3 6.00 Tf ET BT /F3 3.90 Tf ET q 0 0 0 rg BT 305.61 181.11 Td (\(2\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 345.05 178.25 Td (Non-Guar) Tj ET Q q 0 0 0 rg BT 368.86 178.25 Td (an) Tj ET Q q 0 0 0 rg BT 374.83 178.25 Td (t) Tj ET Q q 0 0 0 rg BT 376.78 178.25 Td (or) Tj ET Q q 0 0 0 rg BT 381.93 178.25 Td (s ) Tj ET Q BT /F3 6.00 Tf ET BT /F3 3.90 Tf ET q 0 0 0 rg BT 385.63 181.11 Td (\(3\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 398.75 178.25 Td (Consolida) Tj ET Q q 0 0 0 rg BT 422.50 178.25 Td (tion Adjus) Tj ET Q q 0 0 0 rg BT 447.05 178.25 Td (tmen) Tj ET Q q 0 0 0 rg BT 459.94 178.25 Td (ts ) Tj ET Q BT /F3 6.00 Tf ET BT /F3 3.90 Tf ET q 0 0 0 rg BT 465.65 181.11 Td (\(4\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 505.05 178.25 Td (Total Consolidated) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 57.00 165.63 Td (Balance Sheet Data \(at period end\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.65 165.75 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 150.75 Td (Current assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 156.00 151.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 216.45 151.00 Td (396) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.00 151.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.45 151.00 Td (146) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 316.00 151.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 151.00 Td (18) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.00 151.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.20 151.00 Td (\(15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.15 151.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.00 151.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 151.00 Td (545) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 135.75 Td (Non-current assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 209.55 136.00 Td (6,702) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.55 136.00 Td (4,460) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.45 136.00 Td (178) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 136.00 Td (\(4,100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.15 136.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.55 136.00 Td (7,240) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 120.75 Td (Current liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 216.45 121.00 Td (458) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.45 121.00 Td (139) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.00 121.00 Td (16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.20 121.00 Td (\(93) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.15 121.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 121.00 Td (520) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 105.75 Td (Non-current liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 209.55 106.00 Td (3,316) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.45 106.00 Td (577) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.45 106.00 Td (140) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.20 106.00 Td (\(93) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.15 106.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.55 106.00 Td (3,940) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (57) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 701.5 m 151.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 686.5 m 151.5 686.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 701.5 m 230.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 151.5 686.5 m 230.5 686.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 701.5 m 309.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 230.5 686.5 m 309.5 686.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 701.5 m 389.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 309.5 686.5 m 389.5 686.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 701.5 m 468.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 686.5 m 468.5 686.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 701.5 m 548.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468.5 686.5 m 548.5 686.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 673.5 m 151.5 673.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 151.5 673.5 m 230.5 673.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 230.5 686.5 m 309.5 686.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 230.5 673.5 m 309.5 673.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 309.5 686.5 m 389.5 686.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 309.5 673.5 m 389.5 673.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 686.5 m 468.5 686.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 673.5 m 468.5 673.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468.5 686.5 m 548.5 686.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468.5 673.5 m 548.5 673.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 151.5 673.5 m 230.5 673.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 230.5 673.5 m 309.5 673.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 309.5 673.5 m 389.5 673.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 673.5 m 468.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 613.5 m 151.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 613.5 m 230.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 613.5 m 309.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 613.5 m 389.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 613.5 m 468.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 613.5 m 548.5 613.5 l s BT /F4 7.00 Tf ET q 0 0 0 rg BT 56.00 690.75 Td (\(millions of dollars\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 212.10 690.50 Td (F) Tj ET Q q 0 0 0 rg BT 214.80 690.50 Td (CR ) Tj ET Q BT /F3 6.00 Tf ET BT /F3 3.90 Tf ET q 0 0 0 rg BT 222.62 693.36 Td (\(1\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 273.05 690.50 Td (Guar) Tj ET Q q 0 0 0 rg BT 284.83 690.50 Td (an) Tj ET Q q 0 0 0 rg BT 290.80 690.50 Td (t) Tj ET Q q 0 0 0 rg BT 292.75 690.50 Td (or) Tj ET Q q 0 0 0 rg BT 297.91 690.50 Td (s ) Tj ET Q BT /F3 6.00 Tf ET BT /F3 3.90 Tf ET q 0 0 0 rg BT 301.61 693.36 Td (\(2\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 341.05 690.50 Td (Non-Guar) Tj ET Q q 0 0 0 rg BT 364.86 690.50 Td (an) Tj ET Q q 0 0 0 rg BT 370.83 690.50 Td (t) Tj ET Q q 0 0 0 rg BT 372.78 690.50 Td (or) Tj ET Q q 0 0 0 rg BT 377.93 690.50 Td (s ) Tj ET Q BT /F3 6.00 Tf ET BT /F3 3.90 Tf ET q 0 0 0 rg BT 381.63 693.36 Td (\(3\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 393.75 690.50 Td (Consolida) Tj ET Q q 0 0 0 rg BT 417.50 690.50 Td (tion Adjus) Tj ET Q q 0 0 0 rg BT 442.05 690.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 454.94 690.50 Td (ts ) Tj ET Q BT /F3 6.00 Tf ET BT /F3 3.90 Tf ET q 0 0 0 rg BT 460.65 693.36 Td (\(4\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 500.05 690.50 Td (Total Consolidated) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 56.00 677.88 Td (Balance Sheet Data \(at period end\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.85 678.00 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 56.00 663.00 Td (Current assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 154.00 663.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.45 663.25 Td (212) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 233.00 663.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.45 663.25 Td (129) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.00 663.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.55 663.25 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 392.00 663.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.75 663.25 Td (\(4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.15 663.25 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.00 663.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.45 663.25 Td (340) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 56.00 648.00 Td (Non-current assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 206.55 648.25 Td (6,621) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.55 648.25 Td (4,324) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.45 648.25 Td (176) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.75 648.25 Td (\(3,865) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.15 648.25 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.55 648.25 Td (7,256) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 56.00 633.00 Td (Current liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.45 633.25 Td (544) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.45 633.25 Td (110) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.00 633.25 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.20 633.25 Td (\(56) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.15 633.25 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.45 633.25 Td (615) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 56.00 618.00 Td (Non-current liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 206.55 618.25 Td (2,966) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.45 618.25 Td (635) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.45 618.25 Td (122) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.20 618.25 Td (\(65) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.15 618.25 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.55 618.25 Td (3,658) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 602.94 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 599.60 Td (This c) Tj ET Q q 0 0 0 rg BT 78.92 599.60 Td (olumn acc) Tj ET Q q 0 0 0 rg BT 107.96 599.60 Td (oun) Tj ET Q q 0 0 0 rg BT 118.94 599.60 Td (ts f) Tj ET Q q 0 0 0 rg BT 127.60 599.60 Td (or in) Tj ET Q q 0 0 0 rg BT 140.48 599.60 Td (v) Tj ET Q q 0 0 0 rg BT 143.57 599.60 Td (es) Tj ET Q q 0 0 0 rg BT 149.71 599.60 Td (tmen) Tj ET Q q 0 0 0 rg BT 164.75 599.60 Td (ts in all sub) Tj ET Q q 0 0 0 rg BT 196.49 599.60 Td (sidiaries of F) Tj ET Q q 0 0 0 rg BT 231.88 599.60 Td (CR under the equity me) Tj ET Q q 0 0 0 rg BT 299.20 599.60 Td (thod. ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 591.54 Td (\(2\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 588.20 Td (This c) Tj ET Q q 0 0 0 rg BT 78.92 588.20 Td (olumn acc) Tj ET Q q 0 0 0 rg BT 107.96 588.20 Td (oun) Tj ET Q q 0 0 0 rg BT 118.94 588.20 Td (ts f) Tj ET Q q 0 0 0 rg BT 127.60 588.20 Td (or in) Tj ET Q q 0 0 0 rg BT 140.48 588.20 Td (v) Tj ET Q q 0 0 0 rg BT 143.57 588.20 Td (es) Tj ET Q q 0 0 0 rg BT 149.71 588.20 Td (tmen) Tj ET Q q 0 0 0 rg BT 164.75 588.20 Td (ts in sub) Tj ET Q q 0 0 0 rg BT 188.34 588.20 Td (sidiaries of the Compan) Tj ET Q q 0 0 0 rg BT 255.26 588.20 Td (y other than the guar) Tj ET Q q 0 0 0 rg BT 315.58 588.20 Td (an) Tj ET Q q 0 0 0 rg BT 322.54 588.20 Td (t) Tj ET Q q 0 0 0 rg BT 324.82 588.20 Td (or) Tj ET Q q 0 0 0 rg BT 330.83 588.20 Td (s under the equity me) Tj ET Q q 0 0 0 rg BT 393.36 588.20 Td (thod. ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 580.14 Td (\(3\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 576.80 Td (This c) Tj ET Q q 0 0 0 rg BT 78.92 576.80 Td (olumn acc) Tj ET Q q 0 0 0 rg BT 107.96 576.80 Td (oun) Tj ET Q q 0 0 0 rg BT 118.94 576.80 Td (ts f) Tj ET Q q 0 0 0 rg BT 127.60 576.80 Td (or in) Tj ET Q q 0 0 0 rg BT 140.48 576.80 Td (v) Tj ET Q q 0 0 0 rg BT 143.57 576.80 Td (es) Tj ET Q q 0 0 0 rg BT 149.71 576.80 Td (tmen) Tj ET Q q 0 0 0 rg BT 164.75 576.80 Td (ts in all sub) Tj ET Q q 0 0 0 rg BT 196.49 576.80 Td (sidiaries of the Compan) Tj ET Q q 0 0 0 rg BT 263.41 576.80 Td (y other than guar) Tj ET Q q 0 0 0 rg BT 312.64 576.80 Td (an) Tj ET Q q 0 0 0 rg BT 319.60 576.80 Td (t) Tj ET Q q 0 0 0 rg BT 321.88 576.80 Td (or) Tj ET Q q 0 0 0 rg BT 327.89 576.80 Td (s on a c) Tj ET Q q 0 0 0 rg BT 349.00 576.80 Td (ombined basis. ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 568.74 Td (\(4\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 565.40 Td (This c) Tj ET Q q 0 0 0 rg BT 78.92 565.40 Td (olumn includes the necessar) Tj ET Q q 0 0 0 rg BT 159.75 565.40 Td (y amoun) Tj ET Q q 0 0 0 rg BT 184.43 565.40 Td (ts t) Tj ET Q q 0 0 0 rg BT 193.37 565.40 Td (o elimina) Tj ET Q q 0 0 0 rg BT 219.50 565.40 Td (t) Tj ET Q q 0 0 0 rg BT 221.77 565.40 Td (e the in) Tj ET Q q 0 0 0 rg BT 243.14 565.40 Td (t) Tj ET Q q 0 0 0 rg BT 245.41 565.40 Td (er) Tj ET Q q 0 0 0 rg BT 251.13 565.40 Td (-c) Tj ET Q q 0 0 0 rg BT 256.18 565.40 Td (ompan) Tj ET Q q 0 0 0 rg BT 276.04 565.40 Td (y balances be) Tj ET Q q 0 0 0 rg BT 314.34 565.40 Td (tw) Tj ET Q q 0 0 0 rg BT 321.63 565.40 Td (een F) Tj ET Q q 0 0 0 rg BT 337.01 565.40 Td (CR, the guar) Tj ET Q q 0 0 0 rg BT 371.58 565.40 Td (an) Tj ET Q q 0 0 0 rg BT 378.55 565.40 Td (t) Tj ET Q q 0 0 0 rg BT 380.83 565.40 Td (or) Tj ET Q q 0 0 0 rg BT 386.84 565.40 Td (s, and other sub) Tj ET Q q 0 0 0 rg BT 432.48 565.40 Td (sidiaries t) Tj ET Q q 0 0 0 rg BT 459.58 565.40 Td (o arriv) Tj ET Q q 0 0 0 rg BT 477.79 565.40 Td (e a) Tj ET Q q 0 0 0 rg BT 486.14 565.40 Td (t the in) Tj ET Q q 0 0 0 rg BT 506.40 565.40 Td (f) Tj ET Q q 0 0 0 rg BT 508.39 565.40 Td (orma) Tj ET Q q 0 0 0 rg BT 523.40 565.40 Td (tion f) Tj ET Q q 0 0 0 rg BT 538.30 565.40 Td (or the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 557.00 Td (Compan) Tj ET Q q 0 0 0 rg BT 86.59 557.00 Td (y on a c) Tj ET Q q 0 0 0 rg BT 108.13 557.00 Td (onsolida) Tj ET Q q 0 0 0 rg BT 132.11 557.00 Td (t) Tj ET Q q 0 0 0 rg BT 134.38 557.00 Td (ed basis.) Tj ET Q BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 528.20 Td (RELA) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.02 528.20 Td (TED P) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.27 528.20 Td (AR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.50 528.20 Td (TY TRANS) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.84 528.20 Td (A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.16 528.20 Td (C) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.63 528.20 Td (TIONS) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 507.80 Td (\(a\) Major Shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.19 507.80 Td (eholder) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 489.80 Td (Gazit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.39 489.80 Td (-Globe L) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.83 489.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.07 489.80 Td (d. \() Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.15 489.80 Td (Gazit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.19 489.80 Td (\) is the principal shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.70 489.80 Td (eholder of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.60 489.80 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.42 489.80 Td (, and, as of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.77 489.80 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.45 489.80 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.36 489.80 Td (, bene) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.49 489.80 Td (ficially o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.76 489.80 Td (wns ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 522.33 489.80 Td (45.1%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 547.21 489.80 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 477.80 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 57.03 477.80 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 136.50 477.80 Td ( 45.3%\) ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.17 477.80 Td (of the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.74 477.80 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.09 477.80 Td (es of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.37 477.80 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.23 477.80 Td (. Nor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.06 477.80 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.86 477.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.09 477.80 Td (ar Holdings Inc. is the ultima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.08 477.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 478.32 477.80 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 489.70 477.80 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.14 477.80 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 506.81 477.80 Td (olling ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 465.80 Td (party) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.75 465.80 Td (. As of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.08 465.80 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 118.76 465.80 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.67 465.80 Td (, Alon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.84 465.80 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.15 465.80 Td (-He) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.36 465.80 Td (tz Pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.42 465.80 Td (operties and In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.36 465.80 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.78 465.80 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.56 465.80 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.03 465.80 Td (ts L) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.57 465.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.81 465.80 Td (d. \() Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.03 465.80 Td (Alon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.45 465.80 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.76 465.80 Td (-He) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.97 465.80 Td (tz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.41 465.80 Td (\) also bene) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.59 465.80 Td (ficially o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.87 465.80 Td (wns ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.44 465.80 Td (8.5%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 520.25 465.80 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 453.80 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.03 453.80 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.50 453.80 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.00 453.80 Td (8.5%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.81 453.80 Td (\) of the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.67 453.80 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.02 453.80 Td (es of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.30 453.80 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.17 453.80 Td (. Alon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.37 453.80 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.68 453.80 Td (-He) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.89 453.80 Td (tz and Gazit ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.84 453.80 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.26 453.80 Td (e en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.64 453.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.88 453.80 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.21 453.80 Td (ed in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.16 453.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 486.41 453.80 Td (o a ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 441.80 Td (shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.31 441.80 Td (eholder) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.65 441.80 Td (s agr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.17 441.80 Td (eemen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 152.25 441.80 Td (t pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.68 441.80 Td (suan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.80 441.80 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.66 441.80 Td (o which, among other t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.24 441.80 Td (erms, \(i\) Gazit has agr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.00 441.80 Td (eed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.72 441.80 Td (o v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.68 441.80 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 423.19 441.80 Td (e its c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.39 441.80 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.74 441.80 Td (es of the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 429.80 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.71 429.80 Td (y in f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.16 429.80 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.78 429.80 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.21 429.80 Td (our of the election of up t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.42 429.80 Td (o tw) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.36 429.80 Td (o r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.25 429.80 Td (epr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 262.83 429.80 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.86 429.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.08 429.80 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.78 429.80 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.84 429.80 Td (es of Alon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.00 429.80 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.31 429.80 Td (-He) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.52 429.80 Td (tz t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.33 429.80 Td (o the Boar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.56 429.80 Td (d of Dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.46 429.80 Td (ect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.92 429.80 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.51 429.80 Td (s of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.81 429.80 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 534.63 429.80 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 417.80 Td (and \(ii\) Alon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.90 417.80 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.20 417.80 Td (-He) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.42 417.80 Td (tz has agr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.04 417.80 Td (eed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.76 417.80 Td (o v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.72 417.80 Td (ot) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.24 417.80 Td (e its c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.43 417.80 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.78 417.80 Td (es of the Compan) Tj ET Q q 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0.20392156862745098 0.20784313725490197 rg BT 245.18 405.80 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.05 405.80 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 387.80 Td (Gazit r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.31 387.80 Td (eimbur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.39 387.80 Td (ses the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.00 387.80 Td (y f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.62 387.80 Td (or cert) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.56 387.80 Td (ain acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.33 387.80 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.01 387.80 Td (ting and adminis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.11 387.80 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.75 387.80 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.44 387.80 Td (tiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.51 387.80 Td (e ser) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.21 387.80 Td (vices pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.97 387.80 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.20 387.80 Td (vided t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.01 387.80 Td (o it b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.66 387.80 Td (y the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.99 387.80 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 506.86 387.80 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 369.80 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 369.80 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.14 369.80 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.94 369.80 Td (er t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.92 369.80 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.45 369.80 Td (Not) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.42 369.80 Td (e 29) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.80 369.80 Td ( t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.31 369.80 Td (o the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.39 369.80 Td (y's in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.75 369.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.99 369.80 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.14 369.80 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.40 369.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.64 369.80 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 322.44 369.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 325.67 369.80 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.37 369.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.61 369.80 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.71 369.80 Td (ts f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.07 369.80 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.93 369.80 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.89 369.80 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.53 369.80 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.96 369.80 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 544.86 369.80 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 357.80 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.56 357.80 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.83 357.80 Td (, as w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.61 357.80 Td (ell as the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.94 357.80 Td (y's annual c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.89 357.80 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.15 357.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.39 357.80 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.19 357.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.42 357.80 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 332.12 357.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.36 357.80 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.46 357.80 Td (ts f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.82 357.80 Td (or the y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.09 357.80 Td (ear ended ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 445.57 357.80 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 525.04 357.80 Td ( f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 530.14 357.80 Td (or a ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 345.80 Td (descrip) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.36 345.80 Td (tion and the amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.66 345.80 Td (ts of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.12 345.80 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.09 345.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.33 345.80 Td (ed party tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 245.12 345.80 Td (ansactions, as w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.95 345.80 Td (ell as the amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.05 345.80 Td (ts due fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.69 345.80 Td (om Gazit. ) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 325.40 Td (\(b\) Sub) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.12 325.40 Td (sidiaries of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.38 325.40 Td (y) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 310.40 Td (The in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.82 310.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.06 310.40 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.21 310.40 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.47 310.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.71 310.40 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.51 310.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.74 310.40 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.44 310.40 Td (t) Tj ET Q q 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(al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.76 310.40 Td (ealty and Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.72 310.40 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 492.52 310.40 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 519.02 310.40 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 298.40 Td (Holdings T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.73 298.40 Td (rus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.27 298.40 Td (t. Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.61 298.40 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.41 298.40 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.92 298.40 Td (al Holdings T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.00 298.40 Td (rus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.54 298.40 Td (t is the only signific) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.02 298.40 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.97 298.40 Td (t sub) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.95 298.40 Td (sidiar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.03 298.40 Td (y of Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.61 298.40 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.41 298.40 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 407.92 298.40 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 422.52 298.40 Td (ealty and is wholly o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.03 298.40 Td (wned b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 535.12 298.40 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 286.40 Td (the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 103.55 286.40 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.41 286.40 Td (.) 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0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 241 m 379.5 241 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 241 m 424.5 241 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 241 m 468.5 241 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 241 m 513.5 241 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 241 m 558.5 241 l s BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 225.75 674.50 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.35 674.50 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.85 674.50 Td (2012) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 661.25 Td (\(thousands of dollars, except per share and) Tj ET Q BT /F4 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 654.25 Td (other data, and thousands of shares\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 232.45 654.50 Td (Q1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 277.55 654.50 Td (Q4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.55 654.50 Td (Q3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.55 654.50 Td (Q2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.55 654.50 Td (Q1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.55 654.50 Td (Q4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.55 654.50 Td (Q3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.55 654.50 Td (Q2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 641.50 Td (Property rental revenue) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 203.00 641.25 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 216.75 641.25 Td (162,867) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 248.00 641.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 261.90 641.25 Td (161,094) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 293.00 641.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 305.90 641.25 Td (154,804) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 337.00 641.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 350.90 641.25 Td (157,910) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 382.00 641.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 395.90 641.25 Td (157,797) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 427.00 641.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 439.90 641.25 Td (155,021) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 471.00 641.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 484.90 641.25 Td (146,130) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 516.00 641.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 529.90 641.25 Td (139,907) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 628.50 Td (Property operating costs) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.30 628.25 Td (64,283) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.45 628.25 Td (58,588) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.45 628.25 Td (56,436) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.45 628.25 Td (58,518) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.45 628.25 Td (60,054) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.45 628.25 Td (58,908) Tj ET Q BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 488.45 628.25 Td (50,794) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 533.45 628.25 Td (49,255) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 615.50 Td (Net operating income) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 220.30 615.25 Td (98,584) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 261.90 615.25 Td (102,506) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 309.45 615.25 Td (98,368) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 354.45 615.25 Td (99,392) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 399.45 615.25 Td (97,743) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 443.45 615.25 Td (96,113) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 488.45 615.25 Td (95,336) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 533.45 615.25 Td (90,652) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 602.50 Td (Incr) Tj ET Q q 0 0 0 rg BT 69.29 602.50 Td (ease \(decr) Tj ET Q q 0 0 0 rg BT 102.69 602.50 Td (ease\) in v) Tj ET Q q 0 0 0 rg BT 133.19 602.50 Td (alue of in) Tj ET Q q 0 0 0 rg BT 163.23 602.50 Td (v) Tj ET Q q 0 0 0 rg BT 166.76 602.50 Td (es) Tj ET Q q 0 0 0 rg BT 173.78 602.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 190.96 602.50 Td (t ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 594.50 Td (pr) Tj ET Q q 0 0 0 rg BT 72.86 594.50 Td (operties, ne) Tj ET Q q 0 0 0 rg BT 111.63 594.50 Td (t ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 116.11 598.31 Td (\(1\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 221.65 596.25 Td (\(6,288) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 239.85 596.25 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 269.00 596.25 Td (2,261) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 313.00 596.25 Td (1,125) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 354.45 596.25 Td (41,848) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 399.45 596.25 Td (15,599) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 443.45 596.25 Td (32,813) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 488.45 596.25 Td (73,608) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 529.90 596.25 Td (106,069) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 583.50 Td (Net income attributable to common) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 575.50 Td (shareholders) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 220.30 575.25 Td (35,214) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 265.45 575.25 Td (47,901) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 309.45 575.25 Td (41,078) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 354.45 575.25 Td (73,163) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 399.45 575.25 Td (52,720) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 443.45 575.25 Td (69,890) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 484.90 575.25 Td (101,873) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 529.90 575.25 Td (122,228) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 562.50 Td (Net income per share attributable to) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 554.50 Td (common shareholders:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 541.50 Td (Basic) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 227.30 541.25 Td (0.17) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 272.50 541.25 Td (0.23) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 316.50 541.25 Td (0.20) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 361.50 541.25 Td (0.35) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 406.50 541.25 Td (0.25) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 450.50 541.25 Td (0.34) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 495.50 541.25 Td (0.54) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 540.50 541.25 Td (0.68) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 528.50 Td (Diluted) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 227.30 528.25 Td (0.17) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 272.50 528.25 Td (0.23) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 316.50 528.25 Td (0.20) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 361.50 528.25 Td (0.34) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 406.50 528.25 Td (0.25) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 450.50 528.25 Td (0.33) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 495.50 528.25 Td (0.51) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 540.50 528.25 Td (0.63) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 515.50 Td (Weighted average number of diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 507.50 Td (common shares outstanding EPS) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 216.75 507.25 Td (209,597) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 261.90 507.25 Td (228,908) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 305.90 507.25 Td (208,819) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 350.90 507.25 Td (225,785) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 395.90 507.25 Td (211,581) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 439.90 507.25 Td (222,633) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 484.90 507.25 Td (208,131) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 529.90 507.25 Td (200,311) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 494.50 Td (FFO) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 203.00 494.25 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 220.30 494.25 Td (53,461) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 248.00 494.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 265.45 494.25 Td (55,816) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 293.00 494.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 309.45 494.25 Td (53,535) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 337.00 494.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 354.45 494.25 Td (53,305) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 382.00 494.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 399.45 494.25 Td (52,879) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 427.00 494.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 443.45 494.25 Td (49,099) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 471.00 494.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 488.45 494.25 Td (47,660) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 516.00 494.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 533.45 494.25 Td (48,100) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 481.50 Td (FFO per diluted share) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 227.30 481.25 Td (0.26) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 272.50 481.25 Td (0.27) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 316.50 481.25 Td (0.26) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 361.50 481.25 Td (0.26) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 406.50 481.25 Td (0.25) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 450.50 481.25 Td (0.24) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 495.50 481.25 Td (0.25) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 540.50 481.25 Td (0.26) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 468.50 Td (Cash provided by operating activities) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 220.30 468.25 Td (70,131) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 265.45 468.25 Td (84,556) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 309.45 468.25 Td (51,181) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 354.45 468.25 Td (39,000) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 399.45 468.25 Td (38,220) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 443.45 468.25 Td (66,012) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 488.45 468.25 Td (42,712) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 533.45 468.25 Td (34,968) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 455.50 Td (Weighted average number of diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 447.50 Td (common shares outstanding FFO) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 216.75 447.25 Td (209,597) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 261.90 447.25 Td (209,486) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 305.90 447.25 Td (208,819) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 350.90 447.25 Td (209,010) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 395.90 447.25 Td (208,207) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 439.90 447.25 Td (207,930) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 484.90 447.25 Td (189,028) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 529.90 447.25 Td (181,906) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 434.50 Td (AFFO) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 203.00 434.25 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 220.30 434.25 Td (53,978) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 248.00 434.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 265.45 434.25 Td (57,190) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 293.00 434.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 309.45 434.25 Td (56,069) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 337.00 434.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 354.45 434.25 Td (57,699) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 382.00 434.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 399.45 434.25 Td (54,252) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 427.00 434.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 443.45 434.25 Td (52,374) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 471.00 434.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 488.45 434.25 Td (49,960) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 516.00 434.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 533.45 434.25 Td (48,669) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 421.50 Td (AFFO per diluted share) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 227.30 421.25 Td (0.24) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 272.50 421.25 Td (0.25) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 316.50 421.25 Td (0.25) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 361.50 421.25 Td (0.26) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 406.50 421.25 Td (0.24) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 450.50 421.25 Td (0.24) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 495.50 421.25 Td (0.24) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 540.50 421.25 Td (0.24) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 408.50 Td (Weighted average number of diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 400.50 Td (shares outstanding AFFO) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 216.75 400.25 Td (226,260) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 261.90 400.25 Td (226,183) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 305.90 400.25 Td (225,539) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 350.90 400.25 Td (225,785) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 395.90 400.25 Td (223,686) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 439.90 400.25 Td (222,632) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 484.90 400.25 Td (208,131) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 529.90 400.25 Td (200,311) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 387.50 Td (Regular dividend) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 203.00 387.25 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 227.30 387.25 Td (0.21) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 248.00 387.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 272.50 387.25 Td (0.21) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 293.00 387.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 316.50 387.25 Td (0.21) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 337.00 387.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 361.50 387.25 Td (0.21) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 382.00 387.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 406.50 387.25 Td (0.21) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 427.00 387.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 450.50 387.25 Td (0.21) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 471.00 387.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 495.50 387.25 Td (0.21) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 516.00 387.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 540.50 387.25 Td (0.20) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 374.50 Td (Fair value of investment properties ) Tj ET Q BT /F3 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.00 366.50 Td (shopping centres) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 211.40 366.25 Td (7,210,150) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 256.60 366.25 Td (7,126,008) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 300.60 366.25 Td (6,996,401) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 345.60 366.25 Td (6,920,530) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 390.60 366.25 Td (6,940,557) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 434.60 366.25 Td (6,849,078) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 479.60 366.25 Td (6,588,478) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 524.60 366.25 Td (6,187,432) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 353.50 Td (Weighted average capitalization rate of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 345.50 Td (shopping centres) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 227.30 345.25 Td (5.86) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 239.85 345.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 272.50 345.25 Td (5.86) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 284.95 345.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 316.50 345.25 Td (5.89) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 328.95 345.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 361.50 345.25 Td (5.89) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 373.95 345.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 406.50 345.25 Td (5.98) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 418.95 345.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 450.50 345.25 Td (6.00) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 462.95 345.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 495.50 345.25 Td (6.11) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 507.95 345.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 540.50 345.25 Td (6.14) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 552.95 345.25 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 332.50 Td (Total assets) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 203.00 332.25 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 211.40 332.25 Td (7,784,774) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 248.00 332.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 256.60 332.25 Td (7,596,255) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 293.00 332.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 300.60 332.25 Td (7,580,839) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 337.00 332.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 345.60 332.25 Td (7,531,620) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 382.00 332.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 390.60 332.25 Td (7,518,732) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 427.00 332.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 434.60 332.25 Td (7,261,617) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 471.00 332.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 479.60 332.25 Td (7,156,689) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 516.00 332.25 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 524.60 332.25 Td (6,593,723) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 319.50 Td (Total mortgages and credit facilities) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 211.40 319.25 Td (1,245,691) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 256.60 319.25 Td (1,366,583) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 300.60 319.25 Td (1,371,047) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 345.60 319.25 Td (1,387,240) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 390.60 319.25 Td (1,547,530) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 434.60 319.25 Td (1,597,234) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 479.60 319.25 Td (1,626,621) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 524.60 319.25 Td (1,513,488) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 306.50 Td (Shareholders equity) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 211.40 306.25 Td (3,321,059) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 256.60 306.25 Td (3,319,370) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 300.60 306.25 Td (3,313,802) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 345.60 306.25 Td (3,304,866) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 390.60 306.25 Td (3,267,033) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 434.60 306.25 Td (3,245,168) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 479.60 306.25 Td (3,214,577) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 524.60 306.25 Td (2,698,777) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 293.50 Td (Other data) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 280.50 Td (Number of properties) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 229.20 280.25 Td (164) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 274.30 280.25 Td (164) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 318.30 280.25 Td (164) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 363.30 280.25 Td (164) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 408.30 280.25 Td (172) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 452.30 280.25 Td (175) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 497.30 280.25 Td (172) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 542.30 280.25 Td (165) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 267.50 Td (Gr) Tj ET Q q 0 0 0 rg BT 64.71 267.50 Td (oss leasable ar) Tj ET Q q 0 0 0 rg BT 111.95 267.50 Td (ea) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 259.50 Td (\(in thousands\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 220.30 260.25 Td (24,525) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 265.45 260.25 Td (24,462) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 309.45 260.25 Td (24,313) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 354.45 260.25 Td (24,123) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 399.45 260.25 Td (25,029) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 443.45 260.25 Td (24,969) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 488.45 260.25 Td (24,152) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 533.45 260.25 Td (23,471) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 245.50 Td (Occupancy %) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 227.30 245.25 Td (95.3) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 239.85 245.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 272.50 245.25 Td (95.5) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 284.95 245.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 316.50 245.25 Td (95.0) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 328.95 245.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 361.50 245.25 Td (95.2) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 373.95 245.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 406.50 245.25 Td (95.1) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 418.95 245.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 450.50 245.25 Td (95.6) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 462.95 245.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 495.50 245.25 Td (95.6) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 507.95 245.25 Td (%) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 540.50 245.25 Td (95.7) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 552.95 245.25 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 233.44 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 230.10 Td ( Incr) Tj ET Q q 0 0 0 rg BT 71.40 230.10 Td (ease \(decr) Tj ET Q q 0 0 0 rg BT 100.63 230.10 Td (ease\) in f) Tj ET Q q 0 0 0 rg BT 126.25 230.10 Td (air v) Tj ET Q q 0 0 0 rg BT 138.30 230.10 Td (alue of in) Tj ET Q q 0 0 0 rg BT 164.58 230.10 Td (v) Tj ET Q q 0 0 0 rg BT 167.67 230.10 Td (es) Tj ET Q q 0 0 0 rg BT 173.81 230.10 Td (tmen) Tj ET Q q 0 0 0 rg BT 188.84 230.10 Td (t pr) Tj ET Q q 0 0 0 rg BT 198.78 230.10 Td (operties, ne) Tj ET Q q 0 0 0 rg BT 232.69 230.10 Td (t ha) Tj ET Q q 0 0 0 rg BT 243.54 230.10 Td (v) Tj ET Q q 0 0 0 rg BT 246.63 230.10 Td (e been r) Tj ET Q q 0 0 0 rg BT 269.95 230.10 Td (es) Tj ET Q q 0 0 0 rg BT 276.09 230.10 Td (t) Tj ET Q q 0 0 0 rg BT 278.35 230.10 Td (a) Tj ET Q q 0 0 0 rg BT 281.64 230.10 Td (t) Tj ET Q q 0 0 0 rg BT 283.91 230.10 Td (ed f) Tj ET Q q 0 0 0 rg BT 294.64 230.10 Td (or 2013 only) Tj ET Q q 0 0 0 rg BT 329.81 230.10 Td (. R) Tj ET Q q 0 0 0 rg BT 336.84 230.10 Td (e) Tj ET Q q 0 0 0 rg BT 340.26 230.10 Td (f) Tj ET Q q 0 0 0 rg BT 342.22 230.10 Td (er t) Tj ET Q q 0 0 0 rg BT 352.00 230.10 Td (o the ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 368.36 230.10 Td () Tj ET Q q 0 0 0 rg BT 370.70 230.10 Td (Adop) Tj ET Q q 0 0 0 rg BT 385.77 230.10 Td (tion of Ne) Tj ET Q q 0 0 0 rg BT 414.05 230.10 Td (w Acc) Tj ET Q q 0 0 0 rg BT 430.55 230.10 Td (oun) Tj ET Q q 0 0 0 rg BT 441.53 230.10 Td (ting St) Tj ET Q q 0 0 0 rg BT 459.51 230.10 Td (andar) Tj ET Q q 0 0 0 rg BT 475.92 230.10 Td (ds) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 485.26 230.10 Td ( section of this MD&A) Tj ET Q q 0 0 0 rg BT 547.45 230.10 Td (.) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (59) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (OUTL) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.21 691.50 Td (OOK AND CURRENT BUSINE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.38 691.50 Td (SS ENVIR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.58 691.50 Td (ONMENT) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 673.50 Td (The f) Tj ET Q q 0 0 0 rg BT 73.98 673.50 Td (or) Tj ET Q q 0 0 0 rg BT 82.59 673.50 Td (ward-looking s) Tj ET Q q 0 0 0 rg BT 142.23 673.50 Td (t) Tj ET Q q 0 0 0 rg BT 145.45 673.50 Td (at) Tj ET Q q 0 0 0 rg BT 153.83 673.50 Td (emen) Tj ET Q q 0 0 0 rg BT 176.33 673.50 Td (ts c) Tj ET Q q 0 0 0 rg BT 189.91 673.50 Td (on) Tj ET Q q 0 0 0 rg BT 200.09 673.50 Td (t) Tj ET Q q 0 0 0 rg BT 203.30 673.50 Td (ained in this section and else) Tj ET Q q 0 0 0 rg BT 319.06 673.50 Td (where in this MD&A are not his) Tj ET Q q 0 0 0 rg BT 445.50 673.50 Td (t) Tj ET Q q 0 0 0 rg BT 448.73 673.50 Td (oric) Tj ET Q q 0 0 0 rg BT 463.68 673.50 Td (al f) Tj ET Q q 0 0 0 rg BT 476.31 673.50 Td (acts but, rather) Tj ET Q q 0 0 0 rg BT 538.01 673.50 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 661.50 Td (re) Tj ET Q q 0 0 0 rg BT 62.19 661.50 Td (flect the Compan) Tj ET Q q 0 0 0 rg BT 131.12 661.50 Td (y) Tj ET Q q 0 0 0 rg BT 135.89 661.50 Td () Tj ET Q q 0 0 0 rg BT 137.83 661.50 Td (s curren) Tj ET Q q 0 0 0 rg BT 169.96 661.50 Td (t e) Tj ET Q q 0 0 0 rg BT 180.14 661.50 Td (xpect) Tj ET Q q 0 0 0 rg BT 201.76 661.50 Td (ations regarding future results or e) Tj ET Q q 0 0 0 rg BT 342.58 661.50 Td (ven) Tj ET Q q 0 0 0 rg BT 356.86 661.50 Td (ts and are based on inf) Tj ET Q q 0 0 0 rg BT 448.90 661.50 Td (ormation curren) Tj ET Q q 0 0 0 rg BT 514.67 661.50 Td (tly ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 649.50 Td (available t) Tj ET Q q 0 0 0 rg BT 96.17 649.50 Td (o Managemen) Tj ET Q q 0 0 0 rg BT 155.19 649.50 Td (t. 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This typic) Tj ET Q q 0 0 0 rg BT 400.52 481.50 Td (ally will r) Tj ET Q q 0 0 0 rg BT 436.34 481.50 Td (esult in ne) Tj ET Q q 0 0 0 rg BT 478.38 481.50 Td (w opportunities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 469.50 Td (f) Tj ET Q q 0 0 0 rg BT 56.84 469.50 Td (or the Compan) Tj ET Q q 0 0 0 rg BT 117.41 469.50 Td (y) Tj ET Q q 0 0 0 rg BT 121.22 469.50 Td (, but also brings incr) Tj ET Q q 0 0 0 rg BT 202.93 469.50 Td (eased c) Tj ET Q q 0 0 0 rg BT 233.24 469.50 Td (ompe) Tj ET Q q 0 0 0 rg BT 256.68 469.50 Td (tition. Sec) Tj ET Q q 0 0 0 rg BT 296.99 469.50 Td (ond, the Compan) Tj ET Q q 0 0 0 rg BT 367.08 469.50 Td (y is f) Tj ET Q q 0 0 0 rg BT 385.17 469.50 Td (ocussed on chang) Tj ET Q q 0 0 0 rg BT 457.18 469.50 Td (es in c) Tj ET Q q 0 0 0 rg BT 482.28 469.50 Td (onsumer habits ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 457.50 Td (and pr) Tj ET Q q 0 0 0 rg BT 80.17 457.50 Td (e) Tj ET Q q 0 0 0 rg BT 85.05 457.50 Td (f) Tj ET Q q 0 0 0 rg BT 87.86 457.50 Td (er) Tj ET Q q 0 0 0 rg BT 96.19 457.50 Td (ences occurring in the indus) Tj ET Q q 0 0 0 rg BT 209.77 457.50 Td (tr) Tj ET Q q 0 0 0 rg BT 216.66 457.50 Td (y) Tj ET Q q 0 0 0 rg BT 220.52 457.50 Td (. These chang) Tj ET Q q 0 0 0 rg BT 275.71 457.50 Td (es include the y) Tj ET Q q 0 0 0 rg BT 338.92 457.50 Td (oung) Tj ET Q q 0 0 0 rg BT 359.33 457.50 Td (er g) Tj ET Q q 0 0 0 rg BT 374.67 457.50 Td (ener) Tj ET Q q 0 0 0 rg BT 393.16 457.50 Td (a) Tj ET Q q 0 0 0 rg BT 397.86 457.50 Td (tion of c) Tj ET Q q 0 0 0 rg BT 431.02 457.50 Td (onsumer) Tj ET Q q 0 0 0 rg BT 466.99 457.50 Td (s whose shopping ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 445.50 Td (pa) Tj ET Q q 0 0 0 rg BT 63.95 445.50 Td (t) Tj ET Q q 0 0 0 rg BT 67.16 445.50 Td (t) Tj ET Q q 0 0 0 rg BT 70.40 445.50 Td (erns ar) Tj ET Q q 0 0 0 rg BT 98.43 445.50 Td (e signific) Tj ET Q q 0 0 0 rg BT 133.62 445.50 Td (an) Tj ET Q q 0 0 0 rg BT 143.58 445.50 Td (tly in) Tj ET Q q 0 0 0 rg BT 163.50 445.50 Td (fluenced b) Tj ET Q q 0 0 0 rg BT 206.25 445.50 Td (y wir) Tj ET Q q 0 0 0 rg BT 225.84 445.50 Td (eless c) Tj ET Q q 0 0 0 rg BT 252.31 445.50 Td (ommunic) Tj ET Q q 0 0 0 rg BT 290.51 445.50 Td (a) Tj ET Q q 0 0 0 rg BT 295.21 445.50 Td (tions and on-line business and in) Tj ET Q q 0 0 0 rg BT 427.85 445.50 Td (f) Tj ET Q q 0 0 0 rg BT 430.69 445.50 Td (orma) Tj ET Q q 0 0 0 rg BT 452.14 445.50 Td (tion; and an aging ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 433.50 Td (popula) Tj ET Q q 0 0 0 rg BT 82.03 433.50 Td (tion whose needs will incr) Tj ET Q q 0 0 0 rg BT 187.34 433.50 Td (easingly f) Tj ET Q q 0 0 0 rg BT 225.20 433.50 Td (ocus on c) Tj ET Q q 0 0 0 rg BT 263.06 433.50 Td (on) Tj ET Q q 0 0 0 rg BT 273.42 433.50 Td (v) Tj ET Q q 0 0 0 rg BT 277.84 433.50 Td (enience and health-r) Tj ET Q q 0 0 0 rg BT 361.95 433.50 Td (ela) Tj ET Q q 0 0 0 rg BT 373.92 433.50 Td (t) Tj ET Q q 0 0 0 rg BT 377.16 433.50 Td (ed g) Tj ET Q q 0 0 0 rg BT 394.29 433.50 Td (oods and ser) Tj ET Q q 0 0 0 rg BT 446.29 433.50 Td (vices. Another tr) Tj ET Q q 0 0 0 rg BT 513.34 433.50 Td (end tha) Tj ET Q q 0 0 0 rg BT 544.39 433.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 421.50 Td (Manag) Tj ET Q q 0 0 0 rg BT 82.01 421.50 Td (emen) Tj ET Q q 0 0 0 rg BT 105.11 421.50 Td (t ob) Tj ET Q q 0 0 0 rg BT 121.20 421.50 Td (ser) Tj ET Q q 0 0 0 rg BT 133.66 421.50 Td (v) Tj ET Q q 0 0 0 rg BT 138.08 421.50 Td (es r) Tj ET Q q 0 0 0 rg BT 152.58 421.50 Td (ela) Tj ET Q q 0 0 0 rg BT 164.55 421.50 Td (t) Tj ET Q q 0 0 0 rg BT 167.79 421.50 Td (es t) Tj ET Q q 0 0 0 rg BT 182.19 421.50 Td (o lif) Tj ET Q q 0 0 0 rg BT 197.12 421.50 Td (es) Tj ET Q q 0 0 0 rg BT 205.89 421.50 Td (tyles in urban mark) Tj ET Q q 0 0 0 rg BT 283.81 421.50 Td (e) Tj ET Q q 0 0 0 rg BT 288.73 421.50 Td (ts, wher) Tj ET Q q 0 0 0 rg BT 321.48 421.50 Td (e c) Tj ET Q q 0 0 0 rg BT 332.86 421.50 Td (onsumer) Tj ET Q q 0 0 0 rg BT 368.83 421.50 Td (s choose t) Tj ET Q q 0 0 0 rg BT 409.43 421.50 Td (o inc) Tj ET Q q 0 0 0 rg BT 428.66 421.50 Td (orpor) Tj ET Q q 0 0 0 rg BT 451.23 421.50 Td (a) Tj ET Q q 0 0 0 rg BT 455.93 421.50 Td (t) Tj ET Q q 0 0 0 rg BT 459.17 421.50 Td (e visits t) Tj ET Q q 0 0 0 rg BT 492.20 421.50 Td (o gyms, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 409.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 409.50 Td (of) Tj ET Q q 0 0 0 rg BT 66.37 409.50 Td (f) Tj ET Q q 0 0 0 rg BT 69.18 409.50 Td (ee shop) Tj ET Q q 0 0 0 rg BT 101.03 409.50 Td (s and loc) Tj ET Q q 0 0 0 rg BT 136.48 409.50 Td (al r) Tj ET Q q 0 0 0 rg BT 149.18 409.50 Td (es) Tj ET Q q 0 0 0 rg BT 157.95 409.50 Td (t) Tj ET Q q 0 0 0 rg BT 161.18 409.50 Td (aur) Tj ET Q q 0 0 0 rg BT 174.50 409.50 Td (an) Tj ET Q q 0 0 0 rg BT 184.45 409.50 Td (ts in) Tj ET Q q 0 0 0 rg BT 201.43 409.50 Td (t) Tj ET Q q 0 0 0 rg BT 204.68 409.50 Td (o their e) Tj ET Q q 0 0 0 rg BT 238.77 409.50 Td (v) Tj ET Q q 0 0 0 rg BT 243.18 409.50 Td (er) Tj ET Q q 0 0 0 rg BT 251.70 409.50 Td (y) Tj ET Q q 0 0 0 rg BT 256.10 409.50 Td (da) Tj ET Q q 0 0 0 rg BT 265.96 409.50 Td (y lif) Tj ET Q q 0 0 0 rg BT 280.14 409.50 Td (e. Ther) Tj ET Q q 0 0 0 rg BT 308.36 409.50 Td (e is also a shift in c) Tj ET Q q 0 0 0 rg BT 383.72 409.50 Td (onsumer demand driv) Tj ET Q q 0 0 0 rg BT 473.36 409.50 Td (en b) Tj ET Q q 0 0 0 rg BT 491.05 409.50 Td (y pock) Tj ET Q q 0 0 0 rg BT 516.82 409.50 Td (e) Tj ET Q q 0 0 0 rg BT 521.74 409.50 Td (ts of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 397.50 Td (e) Tj ET Q q 0 0 0 rg BT 58.92 397.50 Td (thnic c) Tj ET Q q 0 0 0 rg BT 85.71 397.50 Td (onsumer) Tj ET Q q 0 0 0 rg BT 121.68 397.50 Td (s as a r) Tj ET Q q 0 0 0 rg BT 149.22 397.50 Td (esult of Canada) Tj ET Q q 0 0 0 rg BT 213.95 397.50 Td (s immigr) Tj ET Q q 0 0 0 rg BT 248.67 397.50 Td (a) Tj ET Q q 0 0 0 rg BT 253.37 397.50 Td (tion policies. Manag) Tj ET Q q 0 0 0 rg BT 335.12 397.50 Td (emen) Tj ET Q q 0 0 0 rg BT 358.22 397.50 Td (t ob) Tj ET Q q 0 0 0 rg BT 374.31 397.50 Td (ser) Tj ET Q q 0 0 0 rg BT 386.78 397.50 Td (v) Tj ET Q q 0 0 0 rg BT 391.20 397.50 Td (es r) Tj ET Q q 0 0 0 rg BT 405.70 397.50 Td (e) Tj ET Q q 0 0 0 rg BT 410.62 397.50 Td (t) Tj ET Q q 0 0 0 rg BT 413.85 397.50 Td (ailer) Tj ET Q q 0 0 0 rg BT 431.52 397.50 Td (s incr) Tj ET Q q 0 0 0 rg BT 452.82 397.50 Td (emen) Tj ET Q q 0 0 0 rg BT 475.92 397.50 Td (t) Tj ET Q q 0 0 0 rg BT 479.15 397.50 Td (ally r) Tj ET Q q 0 0 0 rg BT 498.67 397.50 Td (esponding ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 385.50 Td (t) Tj ET Q q 0 0 0 rg BT 57.25 385.50 Td (o these c) Tj ET Q q 0 0 0 rg BT 93.66 385.50 Td (onsumer chang) Tj ET Q q 0 0 0 rg BT 156.21 385.50 Td (es and w) Tj ET Q q 0 0 0 rg BT 191.97 385.50 Td (ork) Tj ET Q q 0 0 0 rg BT 205.19 385.50 Td (s t) Tj ET Q q 0 0 0 rg BT 214.61 385.50 Td (o support the r) Tj ET Q q 0 0 0 rg BT 275.38 385.50 Td (e) Tj ET Q q 0 0 0 rg BT 280.30 385.50 Td (t) Tj ET Q q 0 0 0 rg BT 283.53 385.50 Td (ailer r) Tj ET Q q 0 0 0 rg BT 306.99 385.50 Td (esponse thr) Tj ET Q q 0 0 0 rg BT 354.73 385.50 Td (ough its t) Tj ET Q q 0 0 0 rg BT 392.54 385.50 Td (enan) Tj ET Q q 0 0 0 rg BT 412.72 385.50 Td (t mix and shopping cen) Tj ET Q q 0 0 0 rg BT 506.59 385.50 Td (tr) Tj ET Q q 0 0 0 rg BT 513.30 385.50 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 373.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 373.50 Td (on) Tj ET Q q 0 0 0 rg BT 68.61 373.50 Td (figur) Tj ET Q q 0 0 0 rg BT 87.20 373.50 Td (a) Tj ET Q q 0 0 0 rg BT 91.90 373.50 Td (tion and amenities. Las) Tj ET Q q 0 0 0 rg BT 185.30 373.50 Td (t, a number of c) Tj ET Q q 0 0 0 rg BT 249.66 373.50 Td (orpor) Tj ET Q q 0 0 0 rg BT 272.23 373.50 Td (a) Tj ET Q q 0 0 0 rg BT 276.93 373.50 Td (t) Tj ET Q q 0 0 0 rg BT 280.17 373.50 Td (e tr) Tj ET Q q 0 0 0 rg BT 294.04 373.50 Td (ansactions in) Tj ET Q q 0 0 0 rg BT 346.74 373.50 Td (v) Tj ET Q q 0 0 0 rg BT 351.16 373.50 Td (olving major r) Tj ET Q q 0 0 0 rg BT 407.31 373.50 Td (e) Tj ET Q q 0 0 0 rg BT 412.23 373.50 Td (t) Tj ET Q q 0 0 0 rg BT 415.46 373.50 Td (ailer) Tj ET Q q 0 0 0 rg BT 433.13 373.50 Td (s ha) Tj ET Q q 0 0 0 rg BT 449.18 373.50 Td (v) Tj ET Q q 0 0 0 rg BT 453.60 373.50 Td (e been c) Tj ET Q q 0 0 0 rg BT 487.70 373.50 Td (omple) Tj ET Q q 0 0 0 rg BT 513.43 373.50 Td (t) Tj ET Q q 0 0 0 rg BT 516.68 373.50 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 361.50 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 361.50 Td (ecen) Tj ET Q q 0 0 0 rg BT 76.70 361.50 Td (tly) Tj ET Q q 0 0 0 rg BT 86.21 361.50 Td (. In the pas) Tj ET Q q 0 0 0 rg BT 130.71 361.50 Td (t six mon) Tj ET Q q 0 0 0 rg BT 167.54 361.50 Td (ths, tw) Tj ET Q q 0 0 0 rg BT 195.22 361.50 Td (o tr) Tj ET Q q 0 0 0 rg BT 209.38 361.50 Td (ansactions in) Tj ET Q q 0 0 0 rg BT 262.08 361.50 Td (v) Tj ET Q q 0 0 0 rg BT 266.50 361.50 Td (olving f) Tj ET Q q 0 0 0 rg BT 295.95 361.50 Td (our of the Compan) Tj ET Q q 0 0 0 rg BT 372.35 361.50 Td (y) Tj ET Q q 0 0 0 rg BT 377.18 361.50 Td () Tj ET Q q 0 0 0 rg BT 379.07 361.50 Td (s t) Tj ET Q q 0 0 0 rg BT 388.48 361.50 Td (enan) Tj ET Q q 0 0 0 rg BT 408.66 361.50 Td (ts, Lobla) Tj ET Q q 0 0 0 rg BT 442.43 361.50 Td (w) Tj ET Q q 0 0 0 rg BT 449.49 361.50 Td (s and Shopper) Tj ET Q q 0 0 0 rg BT 507.14 361.50 Td (s Drug ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 349.50 Td (Mart, as w) Tj ET Q q 0 0 0 rg BT 96.95 349.50 Td (ell as Sobe) Tj ET Q q 0 0 0 rg BT 139.78 349.50 Td (y's and Sa) Tj ET Q q 0 0 0 rg BT 179.57 349.50 Td (f) Tj ET Q q 0 0 0 rg BT 182.37 349.50 Td (e) Tj ET Q q 0 0 0 rg BT 187.30 349.50 Td (w) Tj ET Q q 0 0 0 rg BT 194.33 349.50 Td (a) Tj ET Q q 0 0 0 rg BT 198.94 349.50 Td (y Canada, br) Tj ET Q q 0 0 0 rg BT 249.27 349.50 Td (ough) Tj ET Q q 0 0 0 rg BT 269.66 349.50 Td (t further t) Tj ET Q q 0 0 0 rg BT 309.63 349.50 Td (enan) Tj ET Q q 0 0 0 rg BT 329.82 349.50 Td (t c) Tj ET Q q 0 0 0 rg BT 339.57 349.50 Td (onsolida) Tj ET Q q 0 0 0 rg BT 373.82 349.50 Td (tion in) Tj ET Q q 0 0 0 rg BT 399.71 349.50 Td (t) Tj ET Q q 0 0 0 rg BT 402.96 349.50 Td (o the Canadian mark) Tj ET Q q 0 0 0 rg BT 486.85 349.50 Td (e) Tj ET Q q 0 0 0 rg BT 491.77 349.50 Td (t. This ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 337.50 Td (f) Tj ET Q q 0 0 0 rg BT 56.84 337.50 Td (ollo) Tj ET Q q 0 0 0 rg BT 71.94 337.50 Td (w) Tj ET Q q 0 0 0 rg BT 79.00 337.50 Td (ed Canadian Tir) Tj ET Q q 0 0 0 rg BT 142.03 337.50 Td (e) Tj ET Q q 0 0 0 rg BT 148.89 337.50 Td (s acquisition in 2011 of The F) Tj ET Q q 0 0 0 rg BT 266.28 337.50 Td (orz) Tj ET Q q 0 0 0 rg BT 278.82 337.50 Td (ani Gr) Tj ET Q q 0 0 0 rg BT 303.05 337.50 Td (oup \(Sport Chek and a number of other sporting g) Tj ET Q q 0 0 0 rg BT 505.41 337.50 Td (oods r) Tj ET Q q 0 0 0 rg BT 530.74 337.50 Td (e) Tj ET Q q 0 0 0 rg BT 535.66 337.50 Td (t) Tj ET Q q 0 0 0 rg BT 538.89 337.50 Td (ail ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 325.50 Td (banner) Tj ET Q q 0 0 0 rg BT 82.84 325.50 Td (s\). As a r) Tj ET Q q 0 0 0 rg BT 116.93 325.50 Td (esult, the Compan) Tj ET Q q 0 0 0 rg BT 191.02 325.50 Td (y is highly f) Tj ET Q q 0 0 0 rg BT 235.71 325.50 Td (ocussed on ensuring the c) Tj ET Q q 0 0 0 rg BT 340.95 325.50 Td (ompe) Tj ET Q q 0 0 0 rg BT 364.39 325.50 Td (titiv) Tj ET Q q 0 0 0 rg BT 380.09 325.50 Td (e position of its shopping cen) Tj ET Q q 0 0 0 rg BT 498.73 325.50 Td (tr) Tj ET Q q 0 0 0 rg BT 505.43 325.50 Td (es in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 313.50 Td (v) Tj ET Q q 0 0 0 rg BT 58.37 313.50 Td (arious r) Tj ET Q q 0 0 0 rg BT 89.00 313.50 Td (e) Tj ET Q q 0 0 0 rg BT 93.92 313.50 Td (t) Tj ET Q q 0 0 0 rg BT 97.14 313.50 Td (ail tr) Tj ET Q q 0 0 0 rg BT 115.42 313.50 Td (ade ar) Tj ET Q q 0 0 0 rg BT 140.84 313.50 Td (eas. The Compan) Tj ET Q q 0 0 0 rg BT 210.37 313.50 Td (y will c) Tj ET Q q 0 0 0 rg BT 237.60 313.50 Td (on) Tj ET Q q 0 0 0 rg BT 248.03 313.50 Td (tinue t) Tj ET Q q 0 0 0 rg BT 274.67 313.50 Td (o closely f) Tj ET Q q 0 0 0 rg BT 314.82 313.50 Td (ollo) Tj ET Q q 0 0 0 rg BT 329.91 313.50 Td (w all demogr) Tj ET Q q 0 0 0 rg BT 382.44 313.50 Td (aphics and g) Tj ET Q q 0 0 0 rg BT 432.63 313.50 Td (oods and ser) Tj ET Q q 0 0 0 rg BT 484.63 313.50 Td (vices shopping ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 301.50 Td (tr) Tj ET Q q 0 0 0 rg BT 60.70 301.50 Td (ends and r) Tj ET Q q 0 0 0 rg BT 103.27 301.50 Td (e) Tj ET Q q 0 0 0 rg BT 108.19 301.50 Td (t) Tj ET Q q 0 0 0 rg BT 111.42 301.50 Td (ailer r) Tj ET Q q 0 0 0 rg BT 134.88 301.50 Td (esponses in addition t) Tj ET Q q 0 0 0 rg BT 223.69 301.50 Td (o the r) Tj ET Q q 0 0 0 rg BT 250.42 301.50 Td (e) Tj ET Q q 0 0 0 rg BT 255.34 301.50 Td (t) Tj ET Q q 0 0 0 rg BT 258.57 301.50 Td (ail c) Tj ET Q q 0 0 0 rg BT 274.36 301.50 Td (ompe) Tj ET Q q 0 0 0 rg BT 297.79 301.50 Td (tition. The leasing s) Tj ET Q q 0 0 0 rg BT 376.05 301.50 Td (tr) Tj ET Q q 0 0 0 rg BT 382.68 301.50 Td (a) Tj ET Q q 0 0 0 rg BT 387.37 301.50 Td (t) Tj ET Q q 0 0 0 rg BT 390.62 301.50 Td (egy t) Tj ET Q q 0 0 0 rg BT 410.31 301.50 Td (ak) Tj ET Q q 0 0 0 rg BT 419.33 301.50 Td (es these f) Tj ET Q q 0 0 0 rg BT 458.06 301.50 Td (act) Tj ET Q q 0 0 0 rg BT 470.33 301.50 Td (or) Tj ET Q q 0 0 0 rg BT 478.92 301.50 Td (s in) Tj ET Q q 0 0 0 rg BT 492.54 301.50 Td (t) Tj ET Q q 0 0 0 rg BT 495.80 301.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 289.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 289.50 Td (onsider) Tj ET Q q 0 0 0 rg BT 88.39 289.50 Td (a) Tj ET Q q 0 0 0 rg BT 93.09 289.50 Td (tion in each tr) Tj ET Q q 0 0 0 rg BT 149.47 289.50 Td (ade ar) Tj ET Q q 0 0 0 rg BT 174.89 289.50 Td (ea and the Compan) Tj ET Q q 0 0 0 rg BT 254.02 289.50 Td (y) Tj ET Q q 0 0 0 rg BT 258.85 289.50 Td () Tj ET Q q 0 0 0 rg BT 260.74 289.50 Td (s pr) Tj ET Q q 0 0 0 rg BT 275.49 289.50 Td (oactiv) Tj ET Q q 0 0 0 rg BT 299.84 289.50 Td (e manag) Tj ET Q q 0 0 0 rg BT 334.53 289.50 Td (emen) Tj ET Q q 0 0 0 rg BT 357.63 289.50 Td (t s) Tj ET Q q 0 0 0 rg BT 367.04 289.50 Td (tr) Tj ET Q q 0 0 0 rg BT 373.67 289.50 Td (a) Tj ET Q q 0 0 0 rg BT 378.37 289.50 Td (t) Tj ET Q q 0 0 0 rg BT 381.61 289.50 Td (egy help) Tj ET Q q 0 0 0 rg BT 415.81 289.50 Td (s ensur) Tj ET Q q 0 0 0 rg BT 444.73 289.50 Td (e its pr) Tj ET Q q 0 0 0 rg BT 472.36 289.50 Td (operties r) Tj ET Q q 0 0 0 rg BT 511.50 289.50 Td (emain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 277.50 Td (a) Tj ET Q q 0 0 0 rg BT 58.70 277.50 Td (t) Tj ET Q q 0 0 0 rg BT 61.91 277.50 Td (tr) Tj ET Q q 0 0 0 rg BT 68.54 277.50 Td (activ) Tj ET Q q 0 0 0 rg BT 87.62 277.50 Td (e t) Tj ET Q q 0 0 0 rg BT 98.11 277.50 Td (o high quality t) Tj ET Q q 0 0 0 rg BT 158.68 277.50 Td (enan) Tj ET Q q 0 0 0 rg BT 178.86 277.50 Td (ts and their cus) Tj ET Q q 0 0 0 rg BT 240.84 277.50 Td (t) Tj ET Q q 0 0 0 rg BT 244.09 277.50 Td (omer) Tj ET Q q 0 0 0 rg BT 265.65 277.50 Td (s.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 259.50 Td (Urban municipalities wher) Tj ET Q q 0 0 0 rg BT 160.93 259.50 Td (e the Compan) Tj ET Q q 0 0 0 rg BT 217.72 259.50 Td (y oper) Tj ET Q q 0 0 0 rg BT 243.29 259.50 Td (a) Tj ET Q q 0 0 0 rg BT 247.98 259.50 Td (t) Tj ET Q q 0 0 0 rg BT 251.23 259.50 Td (es c) Tj ET Q q 0 0 0 rg BT 266.52 259.50 Td (on) Tj ET Q q 0 0 0 rg BT 276.95 259.50 Td (tinue t) Tj ET Q q 0 0 0 rg BT 303.59 259.50 Td (o f) Tj ET Q q 0 0 0 rg BT 313.97 259.50 Td (ocus on incr) Tj ET Q q 0 0 0 rg BT 362.82 259.50 Td (easing density within the e) Tj ET Q q 0 0 0 rg BT 471.36 259.50 Td (xis) Tj ET Q q 0 0 0 rg BT 481.78 259.50 Td (ting boundaries ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 247.50 Td (of in) Tj ET Q q 0 0 0 rg BT 72.08 247.50 Td (fr) Tj ET Q q 0 0 0 rg BT 78.41 247.50 Td (as) Tj ET Q q 0 0 0 rg BT 87.00 247.50 Td (tructur) Tj ET Q q 0 0 0 rg BT 115.27 247.50 Td (e. This pr) Tj ET Q q 0 0 0 rg BT 152.21 247.50 Td (o) Tj ET Q q 0 0 0 rg BT 157.44 247.50 Td (vides the Compan) Tj ET Q q 0 0 0 rg BT 230.20 247.50 Td (y with multiple density de) Tj ET Q q 0 0 0 rg BT 335.26 247.50 Td (v) Tj ET Q q 0 0 0 rg BT 339.68 247.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 375.61 247.50 Td (t and r) Tj ET Q q 0 0 0 rg BT 402.13 247.50 Td (ede) Tj ET Q q 0 0 0 rg BT 417.29 247.50 Td (v) Tj ET Q q 0 0 0 rg BT 421.71 247.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 457.63 247.50 Td (t opportunities in its ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 235.50 Td (e) Tj ET Q q 0 0 0 rg BT 58.82 235.50 Td (xis) Tj ET Q q 0 0 0 rg BT 69.25 235.50 Td (ting portf) Tj ET Q q 0 0 0 rg BT 107.32 235.50 Td (olio of urban pr) Tj ET Q q 0 0 0 rg BT 170.18 235.50 Td (operties, which includes an in) Tj ET Q q 0 0 0 rg BT 290.31 235.50 Td (v) Tj ET Q q 0 0 0 rg BT 294.73 235.50 Td (en) Tj ET Q q 0 0 0 rg BT 304.87 235.50 Td (t) Tj ET Q q 0 0 0 rg BT 308.12 235.50 Td (or) Tj ET Q q 0 0 0 rg BT 316.93 235.50 Td (y of adjacen) Tj ET Q q 0 0 0 rg BT 365.89 235.50 Td (t land sit) Tj ET Q q 0 0 0 rg BT 400.81 235.50 Td (es and de) Tj ET Q q 0 0 0 rg BT 439.69 235.50 Td (v) Tj ET Q q 0 0 0 rg BT 444.11 235.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 480.04 235.50 Td (t land. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 223.50 Td (De) Tj ET Q q 0 0 0 rg BT 65.08 223.50 Td (v) Tj ET Q q 0 0 0 rg BT 69.50 223.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 105.42 223.50 Td (t activities c) Tj ET Q q 0 0 0 rg BT 153.44 223.50 Td (on) Tj ET Q q 0 0 0 rg BT 163.88 223.50 Td (tinue t) Tj ET Q q 0 0 0 rg BT 190.52 223.50 Td (o pr) Tj ET Q q 0 0 0 rg BT 206.63 223.50 Td (o) Tj ET Q q 0 0 0 rg BT 211.86 223.50 Td (vide the Compan) Tj ET Q q 0 0 0 rg BT 280.71 223.50 Td (y with gr) Tj ET Q q 0 0 0 rg BT 315.84 223.50 Td (o) Tj ET Q q 0 0 0 rg BT 321.07 223.50 Td (w) Tj ET Q q 0 0 0 rg BT 328.24 223.50 Td (th within its e) Tj ET Q q 0 0 0 rg BT 383.60 223.50 Td (xis) Tj ET Q q 0 0 0 rg BT 394.02 223.50 Td (ting portf) Tj ET Q q 0 0 0 rg BT 432.10 223.50 Td (olio of asse) Tj ET Q q 0 0 0 rg BT 477.61 223.50 Td (ts. These ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 211.50 Td (activities also typic) Tj ET Q q 0 0 0 rg BT 130.37 211.50 Td (ally g) Tj ET Q q 0 0 0 rg BT 151.16 211.50 Td (ener) Tj ET Q q 0 0 0 rg BT 169.64 211.50 Td (a) Tj ET Q q 0 0 0 rg BT 174.34 211.50 Td (t) Tj ET Q q 0 0 0 rg BT 177.58 211.50 Td (e higher r) Tj ET Q q 0 0 0 rg BT 216.41 211.50 Td (e) Tj ET Q q 0 0 0 rg BT 221.33 211.50 Td (turns on in) Tj ET Q q 0 0 0 rg BT 265.02 211.50 Td (v) Tj ET Q q 0 0 0 rg BT 269.43 211.50 Td (es) Tj ET Q q 0 0 0 rg BT 278.21 211.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 299.68 211.50 Td (t o) Tj ET Q q 0 0 0 rg BT 310.52 211.50 Td (v) Tj ET Q q 0 0 0 rg BT 314.94 211.50 Td (er the long t) Tj ET Q q 0 0 0 rg BT 364.54 211.50 Td (erm and impr) Tj ET Q q 0 0 0 rg BT 419.67 211.50 Td (o) Tj ET Q q 0 0 0 rg BT 424.90 211.50 Td (v) Tj ET Q q 0 0 0 rg BT 429.32 211.50 Td (e the quality and incr) Tj ET Q q 0 0 0 rg BT 515.11 211.50 Td (ease ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 199.50 Td (sus) Tj ET Q q 0 0 0 rg BT 66.96 199.50 Td (t) Tj ET Q q 0 0 0 rg BT 70.19 199.50 Td (ainable gr) Tj ET Q q 0 0 0 rg BT 110.14 199.50 Td (o) Tj ET Q q 0 0 0 rg BT 115.37 199.50 Td (w) Tj ET Q q 0 0 0 rg BT 122.54 199.50 Td (th of pr) Tj ET Q q 0 0 0 rg BT 152.57 199.50 Td (operty r) Tj ET Q q 0 0 0 rg BT 185.05 199.50 Td (en) Tj ET Q q 0 0 0 rg BT 195.19 199.50 Td (t) Tj ET Q q 0 0 0 rg BT 198.41 199.50 Td (al inc) Tj ET Q q 0 0 0 rg BT 219.45 199.50 Td (ome. The Compan) Tj ET Q q 0 0 0 rg BT 293.55 199.50 Td (y) Tj ET Q q 0 0 0 rg BT 298.38 199.50 Td () Tj ET Q q 0 0 0 rg BT 300.26 199.50 Td (s de) Tj ET Q q 0 0 0 rg BT 316.61 199.50 Td (v) Tj ET Q q 0 0 0 rg BT 321.03 199.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 356.95 199.50 Td (t activities primarily c) Tj ET Q q 0 0 0 rg BT 443.65 199.50 Td (omprise r) Tj ET Q q 0 0 0 rg BT 482.45 199.50 Td (ede) Tj ET Q q 0 0 0 rg BT 497.61 199.50 Td (v) Tj ET Q q 0 0 0 rg BT 502.03 199.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 537.95 199.50 Td (ts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 187.50 Td (and e) Tj ET Q q 0 0 0 rg BT 76.38 187.50 Td (xpansions of e) Tj ET Q q 0 0 0 rg BT 134.33 187.50 Td (xis) Tj ET Q q 0 0 0 rg BT 144.75 187.50 Td (ting pr) Tj ET Q q 0 0 0 rg BT 171.20 187.50 Td (operties in es) Tj ET Q q 0 0 0 rg BT 225.56 187.50 Td (t) Tj ET Q q 0 0 0 rg BT 228.79 187.50 Td (ablished r) Tj ET Q q 0 0 0 rg BT 268.43 187.50 Td (e) Tj ET Q q 0 0 0 rg BT 273.36 187.50 Td (t) Tj ET Q q 0 0 0 rg BT 276.58 187.50 Td (ail tr) Tj ET Q q 0 0 0 rg BT 294.85 187.50 Td (ade ar) Tj ET Q q 0 0 0 rg BT 320.28 187.50 Td (eas in urban mark) Tj ET Q q 0 0 0 rg BT 392.81 187.50 Td (e) Tj ET Q q 0 0 0 rg BT 397.74 187.50 Td (ts. These pr) Tj ET Q q 0 0 0 rg BT 444.61 187.50 Td (ojects typic) Tj ET Q q 0 0 0 rg BT 490.57 187.50 Td (ally c) Tj ET Q q 0 0 0 rg BT 510.88 187.50 Td (arr) Tj ET Q q 0 0 0 rg BT 522.70 187.50 Td (y risk ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 175.50 Td (associa) Tj ET Q q 0 0 0 rg BT 83.11 175.50 Td (t) Tj ET Q q 0 0 0 rg BT 86.35 175.50 Td (ed with pr) Tj ET Q q 0 0 0 rg BT 127.73 175.50 Td (oject e) Tj ET Q q 0 0 0 rg BT 155.03 175.50 Td (x) Tj ET Q q 0 0 0 rg BT 159.10 175.50 Td (ecution r) Tj ET Q q 0 0 0 rg BT 195.27 175.50 Td (a) Tj ET Q q 0 0 0 rg BT 199.97 175.50 Td (ther than mark) Tj ET Q q 0 0 0 rg BT 260.69 175.50 Td (e) Tj ET Q q 0 0 0 rg BT 265.61 175.50 Td (t risk due t) Tj ET Q q 0 0 0 rg BT 308.72 175.50 Td (o the c) Tj ET Q q 0 0 0 rg BT 336.24 175.50 Td (omple) Tj ET Q q 0 0 0 rg BT 361.87 175.50 Td (xity of de) Tj ET Q q 0 0 0 rg BT 399.40 175.50 Td (v) Tj ET Q q 0 0 0 rg BT 403.82 175.50 Td (eloping pr) Tj ET Q q 0 0 0 rg BT 444.71 175.50 Td (operties in dense urban ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 163.50 Td (mark) Tj ET Q q 0 0 0 rg BT 74.49 163.50 Td (e) Tj ET Q q 0 0 0 rg BT 79.41 163.50 Td (ts. The Compan) Tj ET Q q 0 0 0 rg BT 142.53 163.50 Td (y has a long and success) Tj ET Q q 0 0 0 rg BT 240.25 163.50 Td (ful tr) Tj ET Q q 0 0 0 rg BT 259.75 163.50 Td (ack r) Tj ET Q q 0 0 0 rg BT 278.93 163.50 Td (ec) Tj ET Q q 0 0 0 rg BT 288.05 163.50 Td (or) Tj ET Q q 0 0 0 rg BT 296.67 163.50 Td (d of these de) Tj ET Q q 0 0 0 rg BT 349.68 163.50 Td (v) Tj ET Q q 0 0 0 rg BT 354.10 163.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 390.02 163.50 Td (t activities and will c) Tj ET Q q 0 0 0 rg BT 471.90 163.50 Td (on) Tj ET Q q 0 0 0 rg BT 482.33 163.50 Td (tinue t) Tj ET Q q 0 0 0 rg BT 508.97 163.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 151.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 151.50 Td (ar) Tj ET Q q 0 0 0 rg BT 66.29 151.50 Td (e) Tj ET Q q 0 0 0 rg BT 71.18 151.50 Td (fully manag) Tj ET Q q 0 0 0 rg BT 118.31 151.50 Td (e the risk) Tj ET Q q 0 0 0 rg BT 155.53 151.50 Td (s associa) Tj ET Q q 0 0 0 rg BT 190.81 151.50 Td (t) Tj ET Q q 0 0 0 rg BT 194.05 151.50 Td (ed with such pr) Tj ET Q q 0 0 0 rg BT 256.33 151.50 Td (ojects.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 133.50 Td (The urban pr) Tj ET Q q 0 0 0 rg BT 106.24 133.50 Td (operty acquisition en) Tj ET Q q 0 0 0 rg BT 191.89 133.50 Td (vir) Tj ET Q q 0 0 0 rg BT 202.03 133.50 Td (onmen) Tj ET Q q 0 0 0 rg BT 230.68 133.50 Td (t r) Tj ET Q q 0 0 0 rg BT 239.64 133.50 Td (emains e) Tj ET Q q 0 0 0 rg BT 275.94 133.50 Td (x) Tj ET Q q 0 0 0 rg BT 280.30 133.50 Td (tr) Tj ET Q q 0 0 0 rg BT 287.01 133.50 Td (emely c) Tj ET Q q 0 0 0 rg BT 318.17 133.50 Td (ompe) Tj ET Q q 0 0 0 rg BT 341.61 133.50 Td (titiv) Tj ET Q q 0 0 0 rg BT 357.32 133.50 Td (e f) Tj ET Q q 0 0 0 rg BT 367.40 133.50 Td (or asse) Tj ET Q q 0 0 0 rg BT 395.95 133.50 Td (ts of similar quality t) Tj ET Q q 0 0 0 rg BT 478.66 133.50 Td (o those the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 121.50 Td (Compan) Tj ET Q q 0 0 0 rg BT 87.71 121.50 Td (y o) Tj ET Q q 0 0 0 rg BT 99.73 121.50 Td (wns. The tr) Tj ET Q q 0 0 0 rg BT 144.82 121.50 Td (ansaction activity in all classes of c) Tj ET Q q 0 0 0 rg BT 284.30 121.50 Td (ommer) Tj ET Q q 0 0 0 rg BT 313.87 121.50 Td (cial r) Tj ET Q q 0 0 0 rg BT 333.09 121.50 Td (eal es) Tj ET Q q 0 0 0 rg BT 356.19 121.50 Td (t) Tj ET Q q 0 0 0 rg BT 359.42 121.50 Td (a) Tj ET Q q 0 0 0 rg BT 364.11 121.50 Td (t) Tj ET Q q 0 0 0 rg BT 367.35 121.50 Td (e has r) Tj ET Q q 0 0 0 rg BT 394.16 121.50 Td (ecen) Tj ET Q q 0 0 0 rg BT 413.50 121.50 Td (tly moder) Tj ET Q q 0 0 0 rg BT 452.71 121.50 Td (a) Tj ET Q q 0 0 0 rg BT 457.40 121.50 Td (t) Tj ET Q q 0 0 0 rg BT 460.65 121.50 Td (ed, though ther) Tj ET Q q 0 0 0 rg BT 523.92 121.50 Td (e ar) Tj ET Q q 0 0 0 rg BT 539.30 121.50 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 109.50 Td (man) Tj ET Q q 0 0 0 rg BT 71.85 109.50 Td (y bids on quality pr) Tj ET Q q 0 0 0 rg BT 149.00 109.50 Td (operties, and asse) Tj ET Q q 0 0 0 rg BT 222.37 109.50 Td (t v) Tj ET Q q 0 0 0 rg BT 232.35 109.50 Td (alua) Tj ET Q q 0 0 0 rg BT 249.39 109.50 Td (tions r) Tj ET Q q 0 0 0 rg BT 275.08 109.50 Td (e) Tj ET Q q 0 0 0 rg BT 279.97 109.50 Td (flect this s) Tj ET Q q 0 0 0 rg BT 321.00 109.50 Td (tr) Tj ET Q q 0 0 0 rg BT 327.68 109.50 Td (ong demand f) Tj ET Q q 0 0 0 rg BT 383.79 109.50 Td (or w) Tj ET Q q 0 0 0 rg BT 401.87 109.50 Td (ell-loc) Tj ET Q q 0 0 0 rg BT 426.21 109.50 Td (a) Tj ET Q q 0 0 0 rg BT 430.91 109.50 Td (t) Tj ET Q q 0 0 0 rg BT 434.15 109.50 Td (ed inc) Tj ET Q q 0 0 0 rg BT 458.34 109.50 Td (ome-pr) Tj ET Q q 0 0 0 rg BT 488.21 109.50 Td (oducing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 97.50 Td (asse) Tj ET Q q 0 0 0 rg BT 71.53 97.50 Td (ts.) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (60) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 694.50 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 694.50 Td (y c) Tj ET Q q 0 0 0 rg BT 116.00 694.50 Td (on) Tj ET Q q 0 0 0 rg BT 126.44 694.50 Td (tinues t) Tj ET Q q 0 0 0 rg BT 156.99 694.50 Td (o c) Tj ET Q q 0 0 0 rg BT 168.67 694.50 Td (ar) Tj ET Q q 0 0 0 rg BT 176.81 694.50 Td (e) Tj ET Q q 0 0 0 rg BT 181.70 694.50 Td (fully scrutiniz) Tj ET Q q 0 0 0 rg BT 235.18 694.50 Td (e its pr) Tj ET Q q 0 0 0 rg BT 262.81 694.50 Td (operties t) Tj ET Q q 0 0 0 rg BT 301.85 694.50 Td (o ensur) Tj ET Q q 0 0 0 rg BT 332.13 694.50 Td (e tha) Tj ET Q q 0 0 0 rg BT 352.67 694.50 Td (t the) Tj ET Q q 0 0 0 rg BT 371.79 694.50 Td (y mee) Tj ET Q q 0 0 0 rg BT 396.47 694.50 Td (t the quality crit) Tj ET Q q 0 0 0 rg BT 461.19 694.50 Td (eria it has adop) Tj ET Q q 0 0 0 rg BT 523.65 694.50 Td (t) Tj ET Q q 0 0 0 rg BT 526.89 694.50 Td (ed, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 682.50 Td (and will occ) Tj ET Q q 0 0 0 rg BT 101.50 682.50 Td (asionally sell pr) Tj ET Q q 0 0 0 rg BT 163.51 682.50 Td (operties. This allo) Tj ET Q q 0 0 0 rg BT 235.02 682.50 Td (w) Tj ET Q q 0 0 0 rg BT 242.08 682.50 Td (s the Compan) Tj ET Q q 0 0 0 rg BT 297.80 682.50 Td (y t) Tj ET Q q 0 0 0 rg BT 307.84 682.50 Td (o r) Tj ET Q q 0 0 0 rg BT 318.73 682.50 Td (ecy) Tj ET Q q 0 0 0 rg BT 332.33 682.50 Td (cle c) Tj ET Q q 0 0 0 rg BT 350.24 682.50 Td (apit) Tj ET Q q 0 0 0 rg BT 365.80 682.50 Td (al back in) Tj ET Q q 0 0 0 rg BT 403.68 682.50 Td (t) Tj ET Q q 0 0 0 rg BT 406.93 682.50 Td (o its urban r) Tj ET Q q 0 0 0 rg BT 455.94 682.50 Td (ede) Tj ET Q q 0 0 0 rg BT 471.09 682.50 Td (v) Tj ET Q q 0 0 0 rg BT 475.51 682.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 511.44 682.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 670.50 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 670.50 Td (ojects wher) Tj ET Q q 0 0 0 rg BT 109.70 670.50 Td (e popula) Tj ET Q q 0 0 0 rg BT 144.97 670.50 Td (tion, r) Tj ET Q q 0 0 0 rg BT 169.25 670.50 Td (en) Tj ET Q q 0 0 0 rg BT 179.39 670.50 Td (t gr) Tj ET Q q 0 0 0 rg BT 193.03 670.50 Td (o) Tj ET Q q 0 0 0 rg BT 198.26 670.50 Td (w) Tj ET Q q 0 0 0 rg BT 205.43 670.50 Td (th and c) Tj ET Q q 0 0 0 rg BT 238.00 670.50 Td (onsumer tr) Tj ET Q q 0 0 0 rg BT 283.11 670.50 Td (ends pr) Tj ET Q q 0 0 0 rg BT 313.37 670.50 Td (esen) Tj ET Q q 0 0 0 rg BT 332.39 670.50 Td (t the bes) Tj ET Q q 0 0 0 rg BT 367.87 670.50 Td (t opportunities f) Tj ET Q q 0 0 0 rg BT 433.81 670.50 Td (or long-t) Tj ET Q q 0 0 0 rg BT 468.66 670.50 Td (erm gr) Tj ET Q q 0 0 0 rg BT 495.41 670.50 Td (o) Tj ET Q q 0 0 0 rg BT 500.64 670.50 Td (w) Tj ET Q q 0 0 0 rg BT 507.81 670.50 Td (th.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 652.50 Td (Canada) Tj ET Q q 0 0 0 rg BT 86.09 652.50 Td (s ec) Tj ET Q q 0 0 0 rg BT 101.39 652.50 Td (onom) Tj ET Q q 0 0 0 rg BT 124.99 652.50 Td (y is gr) Tj ET Q q 0 0 0 rg BT 148.28 652.50 Td (o) Tj ET Q q 0 0 0 rg BT 153.51 652.50 Td (wing a) Tj ET Q q 0 0 0 rg BT 179.87 652.50 Td (t a r) Tj ET Q q 0 0 0 rg BT 195.89 652.50 Td (ela) Tj ET Q q 0 0 0 rg BT 207.86 652.50 Td (tiv) Tj ET Q q 0 0 0 rg BT 217.92 652.50 Td (ely modes) Tj ET Q q 0 0 0 rg BT 259.27 652.50 Td (t pace and uncert) Tj ET Q q 0 0 0 rg BT 330.37 652.50 Td (ain) Tj ET Q q 0 0 0 rg BT 342.62 652.50 Td (ty r) Tj ET Q q 0 0 0 rg BT 356.11 652.50 Td (emains in spit) Tj ET Q q 0 0 0 rg BT 412.10 652.50 Td (e of signs of positiv) Tj ET Q q 0 0 0 rg BT 489.64 652.50 Td (e gr) Tj ET Q q 0 0 0 rg BT 504.91 652.50 Td (o) Tj ET Q q 0 0 0 rg BT 510.14 652.50 Td (w) Tj ET Q q 0 0 0 rg BT 517.31 652.50 Td (th in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 640.50 Td (the Unit) Tj ET Q q 0 0 0 rg BT 87.05 640.50 Td (ed St) Tj ET Q q 0 0 0 rg BT 107.36 640.50 Td (a) Tj ET Q q 0 0 0 rg BT 112.06 640.50 Td (t) Tj ET Q q 0 0 0 rg BT 115.30 640.50 Td (es. Ther) Tj ET Q q 0 0 0 rg BT 147.43 640.50 Td (e r) Tj ET Q q 0 0 0 rg BT 158.02 640.50 Td (emains a lot of uncert) Tj ET Q q 0 0 0 rg BT 246.73 640.50 Td (ain) Tj ET Q q 0 0 0 rg BT 258.98 640.50 Td (ty in the global ec) Tj ET Q q 0 0 0 rg BT 330.76 640.50 Td (onomic en) Tj ET Q q 0 0 0 rg BT 373.40 640.50 Td (vir) Tj ET Q q 0 0 0 rg BT 383.54 640.50 Td (onmen) Tj ET Q q 0 0 0 rg BT 412.19 640.50 Td (t. The announcemen) Tj ET Q q 0 0 0 rg BT 496.09 640.50 Td (ts b) Tj ET Q q 0 0 0 rg BT 510.82 640.50 Td (y the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 628.50 Td (Unit) Tj ET Q q 0 0 0 rg BT 71.21 628.50 Td (ed St) Tj ET Q q 0 0 0 rg BT 91.52 628.50 Td (a) Tj ET Q q 0 0 0 rg BT 96.22 628.50 Td (t) Tj ET Q q 0 0 0 rg BT 99.46 628.50 Td (es F) Tj ET Q q 0 0 0 rg BT 115.05 628.50 Td (eder) Tj ET Q q 0 0 0 rg BT 133.54 628.50 Td (al R) Tj ET Q q 0 0 0 rg BT 148.14 628.50 Td (eser) Tj ET Q q 0 0 0 rg BT 165.58 628.50 Td (v) Tj ET Q q 0 0 0 rg BT 170.00 628.50 Td (e Bank r) Tj ET Q q 0 0 0 rg BT 202.88 628.50 Td (ela) Tj ET Q q 0 0 0 rg BT 214.85 628.50 Td (t) Tj ET Q q 0 0 0 rg BT 218.09 628.50 Td (ed t) Tj ET Q q 0 0 0 rg BT 233.83 628.50 Td (o moder) Tj ET Q q 0 0 0 rg BT 268.14 628.50 Td (a) Tj ET Q q 0 0 0 rg BT 272.84 628.50 Td (ting pur) Tj ET Q q 0 0 0 rg BT 304.55 628.50 Td (chases of its bonds has r) Tj ET Q q 0 0 0 rg BT 403.06 628.50 Td (ecen) Tj ET Q q 0 0 0 rg BT 422.40 628.50 Td (tly impact) Tj ET Q q 0 0 0 rg BT 462.63 628.50 Td (ed the long t) Tj ET Q q 0 0 0 rg BT 514.00 628.50 Td (erm ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 616.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 616.50 Td (os) Tj ET Q q 0 0 0 rg BT 67.22 616.50 Td (t of deb) Tj ET Q q 0 0 0 rg BT 98.85 616.50 Td (t. Ho) Tj ET Q q 0 0 0 rg BT 118.45 616.50 Td (w) Tj ET Q q 0 0 0 rg BT 125.51 616.50 Td (e) Tj ET Q q 0 0 0 rg BT 130.44 616.50 Td (v) Tj ET Q q 0 0 0 rg BT 134.86 616.50 Td (er) Tj ET Q q 0 0 0 rg BT 142.46 616.50 Td (, both the equity and long-t) Tj ET Q q 0 0 0 rg BT 253.76 616.50 Td (erm deb) Tj ET Q q 0 0 0 rg BT 287.91 616.50 Td (t mark) Tj ET Q q 0 0 0 rg BT 314.00 616.50 Td (e) Tj ET Q q 0 0 0 rg BT 318.93 616.50 Td (ts ar) Tj ET Q q 0 0 0 rg BT 336.59 616.50 Td (e accessible, though pricing has incr) Tj ET Q q 0 0 0 rg BT 481.93 616.50 Td (eased. In this ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 604.50 Td (en) Tj ET Q q 0 0 0 rg BT 64.06 604.50 Td (vir) Tj ET Q q 0 0 0 rg BT 74.20 604.50 Td (onmen) Tj ET Q q 0 0 0 rg BT 102.85 604.50 Td (t, the Compan) Tj ET Q q 0 0 0 rg BT 160.50 604.50 Td (y will c) Tj ET Q q 0 0 0 rg BT 187.73 604.50 Td (on) Tj ET Q q 0 0 0 rg BT 198.17 604.50 Td (tinue t) Tj ET Q q 0 0 0 rg BT 224.81 604.50 Td (o f) Tj ET Q q 0 0 0 rg BT 235.18 604.50 Td (ocus on main) Tj ET Q q 0 0 0 rg BT 289.13 604.50 Td (t) Tj ET Q q 0 0 0 rg BT 292.36 604.50 Td (aining access t) Tj ET Q q 0 0 0 rg BT 350.77 604.50 Td (o all sour) Tj ET Q q 0 0 0 rg BT 387.73 604.50 Td (ces of long-t) Tj ET Q q 0 0 0 rg BT 437.52 604.50 Td (erm c) Tj ET Q q 0 0 0 rg BT 460.38 604.50 Td (apit) Tj ET Q q 0 0 0 rg BT 475.94 604.50 Td (al a) Tj ET Q q 0 0 0 rg BT 489.99 604.50 Td (t the lo) Tj ET Q q 0 0 0 rg BT 518.97 604.50 Td (w) Tj ET Q q 0 0 0 rg BT 526.03 604.50 Td (es) Tj ET Q q 0 0 0 rg BT 534.80 604.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 592.50 Td (possible c) Tj ET Q q 0 0 0 rg BT 93.58 592.50 Td (os) Tj ET Q q 0 0 0 rg BT 102.65 592.50 Td (t. In particular) Tj ET Q q 0 0 0 rg BT 159.19 592.50 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 213.49 592.50 Td (y is f) Tj ET Q q 0 0 0 rg BT 231.58 592.50 Td (ocussed on c) Tj ET Q q 0 0 0 rg BT 283.58 592.50 Td (on) Tj ET Q q 0 0 0 rg BT 294.02 592.50 Td (tinuing t) Tj ET Q q 0 0 0 rg BT 327.94 592.50 Td (o e) Tj ET Q q 0 0 0 rg BT 340.30 592.50 Td (x) Tj ET Q q 0 0 0 rg BT 344.66 592.50 Td (t) Tj ET Q q 0 0 0 rg BT 347.90 592.50 Td (end the t) Tj ET Q q 0 0 0 rg BT 384.73 592.50 Td (erm and s) Tj ET Q q 0 0 0 rg BT 424.80 592.50 Td (t) Tj ET Q q 0 0 0 rg BT 428.02 592.50 Td (ag) Tj ET Q q 0 0 0 rg BT 437.61 592.50 Td (g) Tj ET Q q 0 0 0 rg BT 442.24 592.50 Td (er the ma) Tj ET Q q 0 0 0 rg BT 481.49 592.50 Td (turity of its ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 580.50 Td (deb) Tj ET Q q 0 0 0 rg BT 69.44 580.50 Td (t.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 562.50 Td (Curr) Tj ET Q q 0 0 0 rg BT 71.43 562.50 Td (en) Tj ET Q q 0 0 0 rg BT 81.56 562.50 Td (tly) Tj ET Q q 0 0 0 rg BT 91.02 562.50 Td (, financing is r) Tj ET Q q 0 0 0 rg BT 146.99 562.50 Td (eadily a) Tj ET Q q 0 0 0 rg BT 178.01 562.50 Td (v) Tj ET Q q 0 0 0 rg BT 182.38 562.50 Td (ailable in Canada fr) Tj ET Q q 0 0 0 rg BT 259.99 562.50 Td (om both financial ins) Tj ET Q q 0 0 0 rg BT 344.77 562.50 Td (titutions and the c) Tj ET Q q 0 0 0 rg BT 418.90 562.50 Td (apit) Tj ET Q q 0 0 0 rg BT 434.47 562.50 Td (al mark) Tj ET Q q 0 0 0 rg BT 464.30 562.50 Td (e) Tj ET Q q 0 0 0 rg BT 469.22 562.50 Td (ts, particularly f) Tj ET Q q 0 0 0 rg BT 532.39 562.50 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 550.50 Td (en) Tj ET Q q 0 0 0 rg BT 64.14 550.50 Td (tities with g) Tj ET Q q 0 0 0 rg BT 111.52 550.50 Td (ood cr) Tj ET Q q 0 0 0 rg BT 137.16 550.50 Td (edit, including lar) Tj ET Q q 0 0 0 rg BT 207.33 550.50 Td (g) Tj ET Q q 0 0 0 rg BT 211.95 550.50 Td (e r) Tj ET Q q 0 0 0 rg BT 222.54 550.50 Td (eal es) Tj ET Q q 0 0 0 rg BT 245.64 550.50 Td (t) Tj ET Q q 0 0 0 rg BT 248.86 550.50 Td (a) Tj ET Q q 0 0 0 rg BT 253.56 550.50 Td (t) Tj ET Q q 0 0 0 rg BT 256.80 550.50 Td (e c) Tj ET Q q 0 0 0 rg BT 268.18 550.50 Td (ompanies. Ho) Tj ET Q q 0 0 0 rg BT 324.18 550.50 Td (w) Tj ET Q q 0 0 0 rg BT 331.24 550.50 Td (e) Tj ET Q q 0 0 0 rg BT 336.16 550.50 Td (v) Tj ET Q q 0 0 0 rg BT 340.58 550.50 Td (er) Tj ET Q q 0 0 0 rg BT 348.18 550.50 Td (, r) Tj ET Q q 0 0 0 rg BT 356.29 550.50 Td (ela) Tj ET Q q 0 0 0 rg BT 368.26 550.50 Td (tiv) Tj ET Q q 0 0 0 rg BT 378.33 550.50 Td (e t) Tj ET Q q 0 0 0 rg BT 388.81 550.50 Td (o pricing curr) Tj ET Q q 0 0 0 rg BT 442.45 550.50 Td (en) Tj ET Q q 0 0 0 rg BT 452.59 550.50 Td (tly sough) Tj ET Q q 0 0 0 rg BT 489.33 550.50 Td (t b) Tj ET Q q 0 0 0 rg BT 500.14 550.50 Td (y v) Tj ET Q q 0 0 0 rg BT 511.35 550.50 Td (endor) Tj ET Q q 0 0 0 rg BT 535.42 550.50 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 538.50 Td (of high quality) Tj ET Q q 0 0 0 rg BT 111.41 538.50 Td (, w) Tj ET Q q 0 0 0 rg BT 123.22 538.50 Td (ell-loc) Tj ET Q q 0 0 0 rg BT 147.56 538.50 Td (a) Tj ET Q q 0 0 0 rg BT 152.26 538.50 Td (t) Tj ET Q q 0 0 0 rg BT 155.50 538.50 Td (ed urban pr) Tj ET Q q 0 0 0 rg BT 202.87 538.50 Td (operties tha) Tj ET Q q 0 0 0 rg BT 251.95 538.50 Td (t mee) Tj ET Q q 0 0 0 rg BT 275.45 538.50 Td (t the Compan) Tj ET Q q 0 0 0 rg BT 330.61 538.50 Td (y) Tj ET Q q 0 0 0 rg BT 335.44 538.50 Td () Tj ET Q q 0 0 0 rg BT 337.32 538.50 Td (s crit) Tj ET Q q 0 0 0 rg BT 356.74 538.50 Td (eria, spr) Tj ET Q q 0 0 0 rg BT 389.57 538.50 Td (eads also c) Tj ET Q q 0 0 0 rg BT 433.43 538.50 Td (on) Tj ET Q q 0 0 0 rg BT 443.87 538.50 Td (tinue t) Tj ET Q q 0 0 0 rg BT 470.51 538.50 Td (o be v) Tj ET Q q 0 0 0 rg BT 494.95 538.50 Td (er) Tj ET Q q 0 0 0 rg BT 503.46 538.50 Td (y tigh) Tj ET Q q 0 0 0 rg BT 525.76 538.50 Td (t and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 526.50 Td (ha) Tj ET Q q 0 0 0 rg BT 63.88 526.50 Td (v) Tj ET Q q 0 0 0 rg BT 68.30 526.50 Td (e tigh) Tj ET Q q 0 0 0 rg BT 91.05 526.50 Td (t) Tj ET Q q 0 0 0 rg BT 94.29 526.50 Td (ened e) Tj ET Q q 0 0 0 rg BT 121.93 526.50 Td (v) Tj ET Q q 0 0 0 rg BT 126.35 526.50 Td (en further) Tj ET Q q 0 0 0 rg BT 166.70 526.50 Td (. In addition, w) Tj ET Q q 0 0 0 rg BT 227.10 526.50 Td (ell-loc) Tj ET Q q 0 0 0 rg BT 251.44 526.50 Td (a) Tj ET Q q 0 0 0 rg BT 256.13 526.50 Td (t) Tj ET Q q 0 0 0 rg BT 259.38 526.50 Td (ed urban pr) Tj ET Q q 0 0 0 rg BT 306.74 526.50 Td (operties r) Tj ET Q q 0 0 0 rg BT 345.81 526.50 Td (ar) Tj ET Q q 0 0 0 rg BT 353.95 526.50 Td (ely tr) Tj ET Q q 0 0 0 rg BT 374.64 526.50 Td (ade in the mark) Tj ET Q q 0 0 0 rg BT 438.06 526.50 Td (e) Tj ET Q q 0 0 0 rg BT 442.98 526.50 Td (t and a) Tj ET Q q 0 0 0 rg BT 470.85 526.50 Td (t) Tj ET Q q 0 0 0 rg BT 474.05 526.50 Td (tr) Tj ET Q q 0 0 0 rg BT 480.68 526.50 Td (act signific) Tj ET Q q 0 0 0 rg BT 523.27 526.50 Td (an) Tj ET Q q 0 0 0 rg BT 533.22 526.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 514.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 514.50 Td (ompe) Tj ET Q q 0 0 0 rg BT 81.58 514.50 Td (tition. As a r) Tj ET Q q 0 0 0 rg BT 130.55 514.50 Td (esult, the urban pr) Tj ET Q q 0 0 0 rg BT 205.81 514.50 Td (operty acquisitions c) Tj ET Q q 0 0 0 rg BT 289.45 514.50 Td (omple) Tj ET Q q 0 0 0 rg BT 315.18 514.50 Td (t) Tj ET Q q 0 0 0 rg BT 318.42 514.50 Td (ed b) Tj ET Q q 0 0 0 rg BT 336.12 514.50 Td (y the Compan) Tj ET Q q 0 0 0 rg BT 392.45 514.50 Td (y typic) Tj ET Q q 0 0 0 rg BT 418.81 514.50 Td (ally do not pr) Tj ET Q q 0 0 0 rg BT 472.48 514.50 Td (o) Tj ET Q q 0 0 0 rg BT 477.71 514.50 Td (vide ma) Tj ET Q q 0 0 0 rg BT 509.70 514.50 Td (t) Tj ET Q q 0 0 0 rg BT 512.94 514.50 Td (erial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 502.50 Td (accr) Tj ET Q q 0 0 0 rg BT 70.60 502.50 Td (e) Tj ET Q q 0 0 0 rg BT 75.52 502.50 Td (tion t) Tj ET Q q 0 0 0 rg BT 97.21 502.50 Td (o the Compan) Tj ET Q q 0 0 0 rg BT 154.29 502.50 Td (y) Tj ET Q q 0 0 0 rg BT 159.12 502.50 Td () Tj ET Q q 0 0 0 rg BT 161.00 502.50 Td (s r) Tj ET Q q 0 0 0 rg BT 170.53 502.50 Td (esults in the immedia) Tj ET Q q 0 0 0 rg BT 257.63 502.50 Td (t) Tj ET Q q 0 0 0 rg BT 260.87 502.50 Td (e t) Tj ET Q q 0 0 0 rg BT 271.35 502.50 Td (erm. Ho) Tj ET Q q 0 0 0 rg BT 304.05 502.50 Td (w) Tj ET Q q 0 0 0 rg BT 311.11 502.50 Td (e) Tj ET Q q 0 0 0 rg BT 316.04 502.50 Td (v) Tj ET Q q 0 0 0 rg BT 320.46 502.50 Td (er) Tj ET Q q 0 0 0 rg BT 328.06 502.50 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 382.36 502.50 Td (y will c) Tj ET Q q 0 0 0 rg BT 409.59 502.50 Td (on) Tj ET Q q 0 0 0 rg BT 420.02 502.50 Td (tinue t) Tj ET Q q 0 0 0 rg BT 446.66 502.50 Td (o selectiv) Tj ET Q q 0 0 0 rg BT 484.64 502.50 Td (ely acquir) Tj ET Q q 0 0 0 rg BT 523.88 502.50 Td (e high ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 490.50 Td (quality) Tj ET Q q 0 0 0 rg BT 81.05 490.50 Td (, w) Tj ET Q q 0 0 0 rg BT 92.87 490.50 Td (ell-loc) Tj ET Q q 0 0 0 rg BT 117.21 490.50 Td (a) Tj ET Q q 0 0 0 rg BT 121.91 490.50 Td (t) Tj ET Q q 0 0 0 rg BT 125.15 490.50 Td (ed pr) Tj ET Q q 0 0 0 rg BT 146.22 490.50 Td (operties tha) Tj ET Q q 0 0 0 rg BT 195.30 490.50 Td (t add s) Tj ET Q q 0 0 0 rg BT 222.27 490.50 Td (tr) Tj ET Q q 0 0 0 rg BT 228.90 490.50 Td (a) Tj ET Q q 0 0 0 rg BT 233.59 490.50 Td (t) Tj ET Q q 0 0 0 rg BT 236.84 490.50 Td (egic v) Tj ET Q q 0 0 0 rg BT 259.67 490.50 Td (alue and/) Tj ET Q q 0 0 0 rg BT 298.24 490.50 Td (or oper) Tj ET Q q 0 0 0 rg BT 328.04 490.50 Td (a) Tj ET Q q 0 0 0 rg BT 332.74 490.50 Td (ting s) Tj ET Q q 0 0 0 rg BT 354.34 490.50 Td (yner) Tj ET Q q 0 0 0 rg BT 372.44 490.50 Td (gies, pr) Tj ET Q q 0 0 0 rg BT 401.67 490.50 Td (o) Tj ET Q q 0 0 0 rg BT 406.90 490.50 Td (vided tha) Tj ET Q q 0 0 0 rg BT 444.75 490.50 Td (t the) Tj ET Q q 0 0 0 rg BT 463.88 490.50 Td (y will be accr) Tj ET Q q 0 0 0 rg BT 516.05 490.50 Td (e) Tj ET Q q 0 0 0 rg BT 520.97 490.50 Td (tiv) Tj ET Q q 0 0 0 rg BT 531.04 490.50 Td (e t) Tj ET Q q 0 0 0 rg BT 541.52 490.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 478.50 Td (FF) Tj ET Q q 0 0 0 rg BT 63.10 478.50 Td (O o) Tj ET Q q 0 0 0 rg BT 77.21 478.50 Td (v) Tj ET Q q 0 0 0 rg BT 81.63 478.50 Td (er the long t) Tj ET Q q 0 0 0 rg BT 131.23 478.50 Td (erm, and tha) Tj ET Q q 0 0 0 rg BT 183.29 478.50 Td (t equity and long-t) Tj ET Q q 0 0 0 rg BT 258.21 478.50 Td (erm deb) Tj ET Q q 0 0 0 rg BT 292.36 478.50 Td (t c) Tj ET Q q 0 0 0 rg BT 302.12 478.50 Td (apit) Tj ET Q q 0 0 0 rg BT 317.68 478.50 Td (al c) Tj ET Q q 0 0 0 rg BT 331.17 478.50 Td (an be priced and c) Tj ET Q q 0 0 0 rg BT 405.43 478.50 Td (ommit) Tj ET Q q 0 0 0 rg BT 432.18 478.50 Td (t) Tj ET Q q 0 0 0 rg BT 435.42 478.50 Td (ed t) Tj ET Q q 0 0 0 rg BT 451.16 478.50 Td (o main) Tj ET Q q 0 0 0 rg BT 478.93 478.50 Td (t) Tj ET Q q 0 0 0 rg BT 482.16 478.50 Td (ain c) Tj ET Q q 0 0 0 rg BT 500.90 478.50 Td (onser) Tj ET Q q 0 0 0 rg BT 523.90 478.50 Td (v) Tj ET Q q 0 0 0 rg BT 528.27 478.50 Td (a) Tj ET Q q 0 0 0 rg BT 532.96 478.50 Td (tiv) Tj ET Q q 0 0 0 rg BT 543.03 478.50 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 466.50 Td (le) Tj ET Q q 0 0 0 rg BT 61.22 466.50 Td (v) Tj ET Q q 0 0 0 rg BT 65.64 466.50 Td (er) Tj ET Q q 0 0 0 rg BT 73.90 466.50 Td (ag) Tj ET Q q 0 0 0 rg BT 83.31 466.50 Td (e. The Compan) Tj ET Q q 0 0 0 rg BT 144.14 466.50 Td (y has been r) Tj ET Q q 0 0 0 rg BT 193.22 466.50 Td (ecy) Tj ET Q q 0 0 0 rg BT 206.82 466.50 Td (cling its c) Tj ET Q q 0 0 0 rg BT 243.82 466.50 Td (apit) Tj ET Q q 0 0 0 rg BT 259.39 466.50 Td (al b) Tj ET Q q 0 0 0 rg BT 273.94 466.50 Td (y selling asse) Tj ET Q q 0 0 0 rg BT 326.26 466.50 Td (ts in cert) Tj ET Q q 0 0 0 rg BT 361.50 466.50 Td (ain mark) Tj ET Q q 0 0 0 rg BT 396.59 466.50 Td (e) Tj ET Q q 0 0 0 rg BT 401.51 466.50 Td (ts tha) Tj ET Q q 0 0 0 rg BT 424.34 466.50 Td (t ar) Tj ET Q q 0 0 0 rg BT 438.09 466.50 Td (e no long) Tj ET Q q 0 0 0 rg BT 475.56 466.50 Td (er aligned with its ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 454.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 454.50 Td (or) Tj ET Q q 0 0 0 rg BT 66.77 454.50 Td (e s) Tj ET Q q 0 0 0 rg BT 77.81 454.50 Td (tr) Tj ET Q q 0 0 0 rg BT 84.44 454.50 Td (a) Tj ET Q q 0 0 0 rg BT 89.14 454.50 Td (t) Tj ET Q q 0 0 0 rg BT 92.38 454.50 Td (egies and will c) Tj ET Q q 0 0 0 rg BT 153.50 454.50 Td (on) Tj ET Q q 0 0 0 rg BT 163.94 454.50 Td (tinue t) Tj ET Q q 0 0 0 rg BT 190.58 454.50 Td (o do so) Tj ET Q q 0 0 0 rg BT 219.90 454.50 Td (, subject t) Tj ET Q q 0 0 0 rg BT 259.54 454.50 Td (o mark) Tj ET Q q 0 0 0 rg BT 287.56 454.50 Td (e) Tj ET Q q 0 0 0 rg BT 292.48 454.50 Td (t c) Tj ET Q q 0 0 0 rg BT 302.24 454.50 Td (onditions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 436.50 Td (With r) Tj ET Q q 0 0 0 rg BT 79.41 436.50 Td (espect t) Tj ET Q q 0 0 0 rg BT 111.62 436.50 Td (o acquisitions of both inc) Tj ET Q q 0 0 0 rg BT 213.19 436.50 Td (ome-pr) Tj ET Q q 0 0 0 rg BT 243.07 436.50 Td (oducing and de) Tj ET Q q 0 0 0 rg BT 305.34 436.50 Td (v) Tj ET Q q 0 0 0 rg BT 309.76 436.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 345.68 436.50 Td (t pr) Tj ET Q q 0 0 0 rg BT 359.87 436.50 Td (operties, as w) Tj ET Q q 0 0 0 rg BT 416.17 436.50 Td (ell as in its e) Tj ET Q q 0 0 0 rg BT 465.41 436.50 Td (xis) Tj ET Q q 0 0 0 rg BT 475.83 436.50 Td (ting portf) Tj ET Q q 0 0 0 rg BT 513.90 436.50 Td (olio) Tj ET Q q 0 0 0 rg BT 528.86 436.50 Td (, the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 424.50 Td (Compan) Tj ET Q q 0 0 0 rg BT 87.71 424.50 Td (y will c) Tj ET Q q 0 0 0 rg BT 114.93 424.50 Td (on) Tj ET Q q 0 0 0 rg BT 125.37 424.50 Td (tinue t) Tj ET Q q 0 0 0 rg BT 152.01 424.50 Td (o f) Tj ET Q q 0 0 0 rg BT 162.38 424.50 Td (ocus on the quality) Tj ET Q q 0 0 0 rg BT 238.99 424.50 Td (, sus) Tj ET Q q 0 0 0 rg BT 256.71 424.50 Td (t) Tj ET Q q 0 0 0 rg BT 259.94 424.50 Td (ainability and gr) Tj ET Q q 0 0 0 rg BT 324.93 424.50 Td (o) Tj ET Q q 0 0 0 rg BT 330.17 424.50 Td (w) Tj ET Q q 0 0 0 rg BT 337.33 424.50 Td (th pot) Tj ET Q q 0 0 0 rg BT 361.97 424.50 Td (en) Tj ET Q q 0 0 0 rg BT 372.11 424.50 Td (tial of r) Tj ET Q q 0 0 0 rg BT 401.04 424.50 Td (en) Tj ET Q q 0 0 0 rg BT 411.17 424.50 Td (t) Tj ET Q q 0 0 0 rg BT 414.40 424.50 Td (al inc) Tj ET Q q 0 0 0 rg BT 435.44 424.50 Td (ome. Consis) Tj ET Q q 0 0 0 rg BT 484.33 424.50 Td (t) Tj ET Q q 0 0 0 rg BT 487.57 424.50 Td (en) Tj ET Q q 0 0 0 rg BT 497.71 424.50 Td (t with Fir) Tj ET Q q 0 0 0 rg BT 533.83 424.50 Td (s) Tj ET Q q 0 0 0 rg BT 537.63 424.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 412.50 Td (Capit) Tj ET Q q 0 0 0 rg BT 74.90 412.50 Td (al R) Tj ET Q q 0 0 0 rg BT 89.50 412.50 Td (ealty) Tj ET Q q 0 0 0 rg BT 109.74 412.50 Td () Tj ET Q q 0 0 0 rg BT 111.62 412.50 Td (s pas) Tj ET Q q 0 0 0 rg BT 131.64 412.50 Td (t pr) Tj ET Q q 0 0 0 rg BT 145.78 412.50 Td (actices and in the normal c) Tj ET Q q 0 0 0 rg BT 254.52 412.50 Td (our) Tj ET Q q 0 0 0 rg BT 268.37 412.50 Td (se of business, the Compan) Tj ET Q q 0 0 0 rg BT 379.17 412.50 Td (y is eng) Tj ET Q q 0 0 0 rg BT 409.17 412.50 Td (ag) Tj ET Q q 0 0 0 rg BT 418.58 412.50 Td (ed in discussions, and has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 400.50 Td (v) Tj ET Q q 0 0 0 rg BT 58.37 400.50 Td (arious agr) Tj ET Q q 0 0 0 rg BT 98.49 400.50 Td (eemen) Tj ET Q q 0 0 0 rg BT 126.57 400.50 Td (ts, with r) Tj ET Q q 0 0 0 rg BT 162.25 400.50 Td (espect t) Tj ET Q q 0 0 0 rg BT 194.45 400.50 Td (o possible acquisitions of ne) Tj ET Q q 0 0 0 rg BT 308.56 400.50 Td (w pr) Tj ET Q q 0 0 0 rg BT 326.54 400.50 Td (operties and dispositions of e) Tj ET Q q 0 0 0 rg BT 445.83 400.50 Td (xis) Tj ET Q q 0 0 0 rg BT 456.26 400.50 Td (ting pr) Tj ET Q q 0 0 0 rg BT 482.70 400.50 Td (operties in its ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 388.50 Td (portf) Tj ET Q q 0 0 0 rg BT 74.21 388.50 Td (olio. Ho) Tj ET Q q 0 0 0 rg BT 105.59 388.50 Td (w) Tj ET Q q 0 0 0 rg BT 112.65 388.50 Td (e) Tj ET Q q 0 0 0 rg BT 117.58 388.50 Td (v) Tj ET Q q 0 0 0 rg BT 122.00 388.50 Td (er) Tj ET Q q 0 0 0 rg BT 129.60 388.50 Td (, ther) Tj ET Q q 0 0 0 rg BT 151.29 388.50 Td (e c) Tj ET Q q 0 0 0 rg BT 162.67 388.50 Td (an be no assur) Tj ET Q q 0 0 0 rg BT 221.40 388.50 Td (ance tha) Tj ET Q q 0 0 0 rg BT 256.21 388.50 Td (t these discussions or agr) Tj ET Q q 0 0 0 rg BT 358.18 388.50 Td (eemen) Tj ET Q q 0 0 0 rg BT 386.26 388.50 Td (ts will r) Tj ET Q q 0 0 0 rg BT 415.43 388.50 Td (esult in acquisitions or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 376.50 Td (dispositions, or if the) Tj ET Q q 0 0 0 rg BT 139.18 376.50 Td (y do) Tj ET Q q 0 0 0 rg BT 156.31 376.50 Td (, wha) Tj ET Q q 0 0 0 rg BT 178.17 376.50 Td (t the final t) Tj ET Q q 0 0 0 rg BT 222.80 376.50 Td (erms or timing of such acquisitions or dispositions w) Tj ET Q q 0 0 0 rg BT 435.07 376.50 Td (ould be. The Compan) Tj ET Q q 0 0 0 rg BT 521.50 376.50 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 364.50 Td (e) Tj ET Q q 0 0 0 rg BT 58.82 364.50 Td (xpects t) Tj ET Q q 0 0 0 rg BT 90.39 364.50 Td (o c) Tj ET Q q 0 0 0 rg BT 102.07 364.50 Td (on) Tj ET Q q 0 0 0 rg BT 112.50 364.50 Td (tinue curr) Tj ET Q q 0 0 0 rg BT 152.21 364.50 Td (en) Tj ET Q q 0 0 0 rg BT 162.35 364.50 Td (t discussions and activ) Tj ET Q q 0 0 0 rg BT 252.36 364.50 Td (ely pur) Tj ET Q q 0 0 0 rg BT 280.24 364.50 Td (sue other acquisition, in) Tj ET Q q 0 0 0 rg BT 377.58 364.50 Td (v) Tj ET Q q 0 0 0 rg BT 382.00 364.50 Td (es) Tj ET Q q 0 0 0 rg BT 390.77 364.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 412.25 364.50 Td (t and disposition opportunities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 346.50 Td (Specific) Tj ET Q q 0 0 0 rg BT 84.84 346.50 Td (ally) Tj ET Q q 0 0 0 rg BT 98.03 346.50 Td (, Manag) Tj ET Q q 0 0 0 rg BT 130.80 346.50 Td (emen) Tj ET Q q 0 0 0 rg BT 153.90 346.50 Td (t is f) Tj ET Q q 0 0 0 rg BT 170.82 346.50 Td (ocussed on the f) Tj ET Q q 0 0 0 rg BT 237.35 346.50 Td (ollo) Tj ET Q q 0 0 0 rg BT 252.45 346.50 Td (wing six ar) Tj ET Q q 0 0 0 rg BT 295.06 346.50 Td (eas t) Tj ET Q q 0 0 0 rg BT 314.25 346.50 Td (o achie) Tj ET Q q 0 0 0 rg BT 343.28 346.50 Td (v) Tj ET Q q 0 0 0 rg BT 347.70 346.50 Td (e its objectiv) Tj ET Q q 0 0 0 rg BT 398.94 346.50 Td (es thr) Tj ET Q q 0 0 0 rg BT 422.01 346.50 Td (ough 2014 and in) Tj ET Q q 0 0 0 rg BT 492.31 346.50 Td (t) Tj ET Q q 0 0 0 rg BT 495.56 346.50 Td (o 2015:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 334.50 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 334.50 Td (de) Tj ET Q q 0 0 0 rg BT 73.18 334.50 Td (v) Tj ET Q q 0 0 0 rg BT 77.60 334.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 113.52 334.50 Td (t, r) Tj ET Q q 0 0 0 rg BT 124.98 334.50 Td (ede) Tj ET Q q 0 0 0 rg BT 140.14 334.50 Td (v) Tj ET Q q 0 0 0 rg BT 144.56 334.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 180.48 334.50 Td (t and r) Tj ET Q q 0 0 0 rg BT 207.00 334.50 Td (epositioning activities including land use in) Tj ET Q q 0 0 0 rg BT 380.48 334.50 Td (t) Tj ET Q q 0 0 0 rg BT 383.72 334.50 Td (ensific) Tj ET Q q 0 0 0 rg BT 409.65 334.50 Td (a) Tj ET Q q 0 0 0 rg BT 414.34 334.50 Td (tion;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 322.50 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 322.50 Td (selectiv) Tj ET Q q 0 0 0 rg BT 93.45 322.50 Td (e acquisitions of s) Tj ET Q q 0 0 0 rg BT 165.44 322.50 Td (tr) Tj ET Q q 0 0 0 rg BT 172.07 322.50 Td (a) Tj ET Q q 0 0 0 rg BT 176.77 322.50 Td (t) Tj ET Q q 0 0 0 rg BT 180.01 322.50 Td (egic asse) Tj ET Q q 0 0 0 rg BT 216.01 322.50 Td (ts and adjacen) Tj ET Q q 0 0 0 rg BT 274.68 322.50 Td (t sit) Tj ET Q q 0 0 0 rg BT 289.74 322.50 Td (es;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 310.50 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 310.50 Td (selectiv) Tj ET Q q 0 0 0 rg BT 93.45 310.50 Td (e dispositions of non-c) Tj ET Q q 0 0 0 rg BT 184.80 310.50 Td (or) Tj ET Q q 0 0 0 rg BT 193.42 310.50 Td (e asse) Tj ET Q q 0 0 0 rg BT 218.20 310.50 Td (ts;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 298.50 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 298.50 Td (pr) Tj ET Q q 0 0 0 rg BT 71.58 298.50 Td (oactiv) Tj ET Q q 0 0 0 rg BT 95.93 298.50 Td (e portf) Tj ET Q q 0 0 0 rg BT 123.38 298.50 Td (olio manag) Tj ET Q q 0 0 0 rg BT 168.22 298.50 Td (emen) Tj ET Q q 0 0 0 rg BT 191.32 298.50 Td (t tha) Tj ET Q q 0 0 0 rg BT 210.23 298.50 Td (t r) Tj ET Q q 0 0 0 rg BT 219.20 298.50 Td (esults in higher r) Tj ET Q q 0 0 0 rg BT 286.55 298.50 Td (en) Tj ET Q q 0 0 0 rg BT 296.69 298.50 Td (t gr) Tj ET Q q 0 0 0 rg BT 310.33 298.50 Td (o) Tj ET Q q 0 0 0 rg BT 315.56 298.50 Td (w) Tj ET Q q 0 0 0 rg BT 322.73 298.50 Td (th;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 286.50 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 286.50 Td (incr) Tj ET Q q 0 0 0 rg BT 78.13 286.50 Td (ease e) Tj ET Q q 0 0 0 rg BT 103.93 286.50 Td (f) Tj ET Q q 0 0 0 rg BT 106.89 286.50 Td (ficiency and pr) Tj ET Q q 0 0 0 rg BT 166.14 286.50 Td (oductivity of oper) Tj ET Q q 0 0 0 rg BT 238.11 286.50 Td (a) Tj ET Q q 0 0 0 rg BT 242.81 286.50 Td (tions; and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 274.50 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 274.50 Td (main) Tj ET Q q 0 0 0 rg BT 83.23 274.50 Td (t) Tj ET Q q 0 0 0 rg BT 86.46 274.50 Td (ain financial s) Tj ET Q q 0 0 0 rg BT 141.37 274.50 Td (tr) Tj ET Q q 0 0 0 rg BT 148.08 274.50 Td (eng) Tj ET Q q 0 0 0 rg BT 162.86 274.50 Td (th t) Tj ET Q q 0 0 0 rg BT 176.98 274.50 Td (o achie) Tj ET Q q 0 0 0 rg BT 206.01 274.50 Td (v) Tj ET Q q 0 0 0 rg BT 210.43 274.50 Td (e the lo) Tj ET Q q 0 0 0 rg BT 241.03 274.50 Td (w) Tj ET Q q 0 0 0 rg BT 248.09 274.50 Td (es) Tj ET Q q 0 0 0 rg BT 256.87 274.50 Td (t c) Tj ET Q q 0 0 0 rg BT 266.62 274.50 Td (os) Tj ET Q q 0 0 0 rg BT 275.70 274.50 Td (t of c) Tj ET Q q 0 0 0 rg BT 296.04 274.50 Td (apit) Tj ET Q q 0 0 0 rg BT 311.60 274.50 Td (al.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 256.50 Td (Ov) Tj ET Q q 0 0 0 rg BT 65.04 256.50 Td (er) Tj ET Q q 0 0 0 rg BT 73.30 256.50 Td (all, Manag) Tj ET Q q 0 0 0 rg BT 115.44 256.50 Td (emen) Tj ET Q q 0 0 0 rg BT 138.54 256.50 Td (t is c) Tj ET Q q 0 0 0 rg BT 156.76 256.50 Td (on) Tj ET Q q 0 0 0 rg BT 167.23 256.50 Td (fiden) Tj ET Q q 0 0 0 rg BT 187.97 256.50 Td (t tha) Tj ET Q q 0 0 0 rg BT 206.88 256.50 Td (t the quality of the Compan) Tj ET Q q 0 0 0 rg BT 318.49 256.50 Td (y) Tj ET Q q 0 0 0 rg BT 323.32 256.50 Td () Tj ET Q q 0 0 0 rg BT 325.20 256.50 Td (s balance shee) Tj ET Q q 0 0 0 rg BT 384.28 256.50 Td (t and the de) Tj ET Q q 0 0 0 rg BT 433.43 256.50 Td (f) Tj ET Q q 0 0 0 rg BT 436.24 256.50 Td (ensiv) Tj ET Q q 0 0 0 rg BT 457.09 256.50 Td (e na) Tj ET Q q 0 0 0 rg BT 474.28 256.50 Td (tur) Tj ET Q q 0 0 0 rg BT 486.24 256.50 Td (e of its asse) Tj ET Q q 0 0 0 rg BT 533.41 256.50 Td (ts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 244.50 Td (and oper) Tj ET Q q 0 0 0 rg BT 90.34 244.50 Td (a) Tj ET Q q 0 0 0 rg BT 95.04 244.50 Td (tions will c) Tj ET Q q 0 0 0 rg BT 137.82 244.50 Td (on) Tj ET Q q 0 0 0 rg BT 148.26 244.50 Td (tinue t) Tj ET Q q 0 0 0 rg BT 174.90 244.50 Td (o ser) Tj ET Q q 0 0 0 rg BT 194.90 244.50 Td (v) Tj ET Q q 0 0 0 rg BT 199.32 244.50 Td (e it w) Tj ET Q q 0 0 0 rg BT 221.52 244.50 Td (ell in the curr) Tj ET Q q 0 0 0 rg BT 275.32 244.50 Td (en) Tj ET Q q 0 0 0 rg BT 285.46 244.50 Td (t en) Tj ET Q q 0 0 0 rg BT 301.13 244.50 Td (vir) Tj ET Q q 0 0 0 rg BT 311.27 244.50 Td (onmen) Tj ET Q q 0 0 0 rg BT 339.92 244.50 Td (t.) Tj ET Q BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 224.10 Td (Guidance) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 209.10 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 209.10 Td (eader) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.56 209.10 Td (s should r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.59 209.10 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.48 209.10 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.28 209.10 Td (er t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.26 209.10 Td (o the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.34 209.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.17 209.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.05 209.10 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.22 209.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.50 209.10 Td ( fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.42 209.10 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.22 209.10 Td (t quart) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.86 209.10 Td (er pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.19 209.10 Td (ess r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.60 209.10 Td (elease da) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.73 209.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 354.98 209.10 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.47 209.10 Td (Ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.62 209.10 Td (y5, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.51 209.10 Td (, as filed on SED) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.63 209.10 Td (AR a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.80 209.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 197.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.19 197.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.38 197.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.88 197.10 Td (.sedar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.82 197.10 Td (.c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.49 197.10 Td (om,) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.25 197.10 Td ( f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.35 197.10 Td (or a discussion of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 248.40 197.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.23 197.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.11 197.10 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.29 197.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.56 197.10 Td ( specific guidance.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 179.10 Td (The purpose of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.16 179.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.99 179.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.88 179.10 Td (s guidance is t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.79 179.10 Td (o pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.90 179.10 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.13 179.10 Td (vide r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.79 179.10 Td (eader) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.10 179.10 Td (s with Manag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.58 179.10 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.68 179.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 379.38 179.10 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 381.27 179.10 Td (s vie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.18 179.10 Td (w as t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 422.80 179.10 Td (o the e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.00 179.10 Td (xpect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.03 179.10 Td (ed financial ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 167.10 Td (perf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.56 167.10 Td (ormance of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.95 167.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.76 167.10 Td (, using f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.05 167.10 Td (act) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.32 167.10 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 224.91 167.10 Td (s tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.39 167.10 Td (t ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.14 167.10 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.52 167.10 Td (ommonly accep) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.81 167.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 337.06 167.10 Td (ed and vie) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.84 167.10 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.90 167.10 Td (ed as meaningful indic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.72 167.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.42 167.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.67 167.10 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 493.26 167.10 Td (s of financial ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 155.10 Td (perf) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.56 155.10 Td (ormance in the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.82 155.10 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.91 155.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.14 155.10 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.84 155.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.08 155.10 Td (e indus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.17 155.10 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.06 155.10 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.92 155.10 Td (.) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 741.50 Td (MANA) Tj ET Q q 0 0 0 rg BT 79.59 741.50 Td (GEMENT) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.52 741.50 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 114.84 741.50 Td (S DISCUSSION AND ANAL) Tj ET Q q 0 0 0 rg BT 207.99 741.50 Td (Y) Tj ET Q q 0 0 0 rg BT 212.54 741.50 Td (SIS c) Tj ET Q q 0 0 0 rg BT 235.72 741.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.30 741.50 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (61) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (SUMMAR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.33 691.50 Td (Y OF SIGNIFICANT A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.75 691.50 Td (CC) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.46 691.50 Td (OUNTING E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.96 691.50 Td (S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.44 691.50 Td (TIMA) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.73 691.50 Td (TE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.35 691.50 Td (S AND POLICIE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.24 691.50 Td (S) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 671.10 Td (Summar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.88 671.10 Td (y of Critic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.86 671.10 Td (al Acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.70 671.10 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.92 671.10 Td (ting Es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.37 671.10 Td (tima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.05 671.10 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.07 671.10 Td (es) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 656.10 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 656.10 Td (y's in) Tj ET Q q 0 0 0 rg BT 125.43 656.10 Td (t) Tj ET Q q 0 0 0 rg BT 128.67 656.10 Td (erim c) Tj ET Q q 0 0 0 rg BT 153.82 656.10 Td (onsolida) Tj ET Q q 0 0 0 rg BT 188.08 656.10 Td (t) Tj ET Q q 0 0 0 rg BT 191.32 656.10 Td (ed financial s) Tj ET Q q 0 0 0 rg BT 244.12 656.10 Td (t) Tj ET Q q 0 0 0 rg BT 247.35 656.10 Td (a) Tj ET Q q 0 0 0 rg BT 252.05 656.10 Td (t) Tj ET Q q 0 0 0 rg BT 255.29 656.10 Td (emen) Tj ET Q q 0 0 0 rg BT 278.39 656.10 Td (ts f) Tj ET Q q 0 0 0 rg BT 290.75 656.10 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.61 656.10 Td (thr) Tj ET Q q 0 0 0 rg BT 329.57 656.10 Td (ee mon) Tj ET Q q 0 0 0 rg BT 360.21 656.10 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 419.63 656.10 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.54 656.10 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.36 656.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 506.64 656.10 Td ( ha) Tj ET Q q 0 0 0 rg BT 518.78 656.10 Td (v) Tj ET Q q 0 0 0 rg BT 523.19 656.10 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 644.10 Td (been pr) Tj ET Q q 0 0 0 rg BT 85.33 644.10 Td (epar) Tj ET Q q 0 0 0 rg BT 103.70 644.10 Td (ed in acc) Tj ET Q q 0 0 0 rg BT 139.17 644.10 Td (or) Tj ET Q q 0 0 0 rg BT 147.79 644.10 Td (dance with IAS 34, In) Tj ET Q q 0 0 0 rg BT 236.78 644.10 Td (t) Tj ET Q q 0 0 0 rg BT 240.02 644.10 Td (erim Financial R) Tj ET Q q 0 0 0 rg BT 304.34 644.10 Td (eporting) Tj ET Q q 0 0 0 rg BT 339.34 644.10 Td ( as issued b) Tj ET Q q 0 0 0 rg BT 389.81 644.10 Td (y the In) Tj ET Q q 0 0 0 rg BT 420.12 644.10 Td (t) Tj ET Q q 0 0 0 rg BT 423.36 644.10 Td (erna) Tj ET Q q 0 0 0 rg BT 441.77 644.10 Td (tional Acc) Tj ET Q q 0 0 0 rg BT 481.45 644.10 Td (oun) Tj ET Q q 0 0 0 rg BT 497.14 644.10 Td (ting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 632.10 Td (St) Tj ET Q q 0 0 0 rg BT 61.82 632.10 Td (andar) Tj ET Q q 0 0 0 rg BT 85.26 632.10 Td (d Boar) Tj ET Q q 0 0 0 rg BT 111.63 632.10 Td (d. 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Tj ET Q q 0 0 0 rg BT 155.31 450.30 Td (erim c) Tj ET Q q 0 0 0 rg BT 180.46 450.30 Td (onsolida) Tj ET Q q 0 0 0 rg BT 214.72 450.30 Td (t) Tj ET Q q 0 0 0 rg BT 217.96 450.30 Td (ed financial s) Tj ET Q q 0 0 0 rg BT 270.76 450.30 Td (t) Tj ET Q q 0 0 0 rg BT 273.99 450.30 Td (a) Tj ET Q q 0 0 0 rg BT 278.69 450.30 Td (t) Tj ET Q q 0 0 0 rg BT 281.93 450.30 Td (emen) Tj ET Q q 0 0 0 rg BT 305.03 450.30 Td (ts f) Tj ET Q q 0 0 0 rg BT 317.39 450.30 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 344.25 450.30 Td (thr) Tj ET Q q 0 0 0 rg BT 356.21 450.30 Td (ee mon) Tj ET Q q 0 0 0 rg BT 386.85 450.30 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 446.28 450.30 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 493.18 450.30 Td ( f) Tj ET Q q 0 0 0 rg BT 498.29 450.30 Td (or de) Tj ET Q q 0 0 0 rg BT 519.48 450.30 Td (t) Tj ET Q q 0 0 0 rg BT 522.71 450.30 Td (ails on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 438.30 Td (futur) Tj ET Q q 0 0 0 rg BT 74.26 438.30 Td (e acc) Tj ET Q q 0 0 0 rg BT 94.66 438.30 Td (oun) Tj ET Q q 0 0 0 rg BT 110.35 438.30 Td (ting policy chang) Tj ET Q q 0 0 0 rg BT 178.50 438.30 Td (es. ) Tj ET Q BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 412.50 Td (C) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.31 412.50 Td (ONTR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.67 412.50 Td (OLS AND PR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.74 412.50 Td (OCEDURE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.98 412.50 Td (S ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 394.50 Td (As a) Tj ET Q q 0 0 0 rg BT 70.66 394.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.27 394.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 92.95 394.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.85 394.50 Td (, the Chie) Tj ET Q q 0 0 0 rg BT 178.22 394.50 Td (f Ex) Tj ET Q q 0 0 0 rg BT 192.48 394.50 Td (ecutiv) Tj ET Q q 0 0 0 rg BT 217.00 394.50 Td (e Of) Tj ET Q q 0 0 0 rg BT 233.81 394.50 Td (ficer and the Chie) Tj ET Q q 0 0 0 rg BT 305.28 394.50 Td (f Financial Of) Tj ET Q q 0 0 0 rg BT 358.22 394.50 Td (ficer of the Compan) Tj ET Q q 0 0 0 rg BT 438.65 394.50 Td (y) Tj ET Q q 0 0 0 rg BT 442.47 394.50 Td (, with the assis) Tj ET Q q 0 0 0 rg BT 502.08 394.50 Td (t) Tj ET Q q 0 0 0 rg BT 505.30 394.50 Td (ance of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 382.50 Td (other s) Tj ET Q q 0 0 0 rg BT 82.40 382.50 Td (t) Tj ET Q q 0 0 0 rg BT 85.63 382.50 Td (a) Tj ET Q q 0 0 0 rg BT 90.36 382.50 Td (f) Tj ET Q q 0 0 0 rg BT 93.31 382.50 Td (f and Manag) Tj ET Q q 0 0 0 rg BT 144.19 382.50 Td (emen) Tj ET Q q 0 0 0 rg BT 167.29 382.50 Td (t of the Compan) Tj ET Q q 0 0 0 rg BT 233.03 382.50 Td (y t) Tj ET Q q 0 0 0 rg BT 243.07 382.50 Td (o the e) Tj ET Q q 0 0 0 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estate assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.70 598.25 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 598.25 Td (69,724) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.15 598.25 Td (71,781) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 586.25 Td (Total real estate investments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.55 586.25 Td (7,230,502) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.80 586.25 Td (7,246,499) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 574.25 Td (Other non-current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.70 574.25 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.55 574.25 Td (9,218) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.75 574.25 Td (9,521) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 562.25 Td (Total non-current assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.55 562.25 Td (7,239,720) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.80 562.25 Td (7,256,020) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 550.25 Td (Current Assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 538.25 Td (Cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.30 538.25 Td (27\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 538.25 Td (93,130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.75 538.25 Td (4,975) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 526.25 Td (Loans, mortgages and other real estate assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.70 526.25 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 526.25 Td (69,195) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.15 526.25 Td (77,449) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 514.25 Td (Residential development inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 514.25 Td (25,195) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.15 514.25 Td (21,569) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 502.25 Td (Amounts receivable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.70 502.25 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 502.25 Td (34,270) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.15 502.25 Td (27,044) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 490.25 Td (Other assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.70 490.25 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 490.25 Td (64,957) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.15 490.25 Td (53,699) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 478.25 Td (286,747) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.60 478.25 Td (184,736) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 466.25 Td (Investment properties classified as held for sale) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.60 466.25 Td (5\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 466.25 Td (258,307) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.60 466.25 Td (155,499) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 454.25 Td (Total current assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 454.25 Td (545,054) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.60 454.25 Td (340,235) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 441.25 Td (Total assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.00 441.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.55 441.25 Td (7,784,774) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 441.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.80 441.25 Td (7,596,255) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 427.25 Td (LIABILITIES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 415.25 Td (Non-Current Liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 403.25 Td (Mortgages and credit facilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 403.25 Td (11) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.00 403.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.55 403.25 Td (1,061,081) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 403.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.80 403.25 Td (1,089,969) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 391.25 Td (Senior unsecured debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 391.25 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.55 391.25 Td (2,064,209) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.80 391.25 Td (1,762,026) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 379.25 Td (Convertible debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 379.25 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 379.25 Td (374,916) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.60 379.25 Td (374,012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 367.25 Td (Other liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 367.25 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 367.25 Td (20,553) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.15 367.25 Td (21,476) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 355.25 Td (Deferred tax liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 355.25 Td (22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 355.25 Td (419,497) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.60 355.25 Td (410,278) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 343.25 Td (Total non-current liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.55 343.25 Td (3,940,256) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.80 343.25 Td (3,657,761) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 331.25 Td (Current Liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 319.25 Td (Current portion of mortgages and credit facilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 319.25 Td (11) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 319.25 Td (146,946) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.60 319.25 Td (254,367) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 307.25 Td (Current portion of senior unsecured debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 307.25 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 307.25 Td (99,927) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.15 307.25 Td (99,927) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 295.25 Td (Accounts payable and other liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 295.25 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 295.25 Td (235,589) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.60 295.25 Td (238,945) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 283.25 Td (482,462) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.60 283.25 Td (593,239) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 271.25 Td (Mortgages on investment properties classified as held for sale) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.90 271.25 Td (5\(d\), 11) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 271.25 Td (37,664) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.15 271.25 Td (22,247) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 258.25 Td (Total current liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.45 258.25 Td (520,126) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.60 258.25 Td (615,486) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 245.25 Td (Total liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.55 245.25 Td (4,460,382) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.80 245.25 Td (4,273,247) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 231.25 Td (EQUITY) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 219.25 Td (Shareholders equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.40 219.25 Td (16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.55 219.25 Td (3,321,059) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.80 219.25 Td (3,319,370) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 207.25 Td (Non-controlling interest) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.55 207.25 Td (3,333) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.75 207.25 Td (3,638) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 195.25 Td (Total equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.55 195.25 Td (3,324,392) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.80 195.25 Td (3,323,008) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 182.25 Td (Total liabilities and equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.00 182.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.55 182.25 Td (7,784,774) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 182.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.80 182.25 Td (7,596,255) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET q 0 0 0 rg BT 54.00 166.60 Td (See acc) Tj ET Q q 0 0 0 rg BT 74.98 166.60 Td (ompan) Tj ET Q q 0 0 0 rg BT 94.84 166.60 Td (ying not) Tj ET Q q 0 0 0 rg BT 117.81 166.60 Td (es t) Tj ET Q q 0 0 0 rg BT 127.89 166.60 Td (o the in) Tj ET Q q 0 0 0 rg BT 149.47 166.60 Td (t) Tj ET Q q 0 0 0 rg BT 151.74 166.60 Td (erim c) Tj ET Q q 0 0 0 rg BT 169.35 166.60 Td (onsolida) Tj ET Q q 0 0 0 rg BT 193.32 166.60 Td (t) Tj ET Q q 0 0 0 rg BT 195.59 166.60 Td (ed financial s) Tj ET Q q 0 0 0 rg BT 232.55 166.60 Td (t) Tj ET Q q 0 0 0 rg BT 234.81 166.60 Td (a) Tj ET Q q 0 0 0 rg BT 238.10 166.60 Td (t) Tj ET Q q 0 0 0 rg BT 240.37 166.60 Td (emen) Tj ET Q q 0 0 0 rg BT 256.54 166.60 Td (ts. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 54.00 145.05 Td (Appr) Tj ET Q q 0 0 0 rg BT 71.66 145.05 Td (o) Tj ET Q q 0 0 0 rg BT 76.36 145.05 Td (v) Tj ET Q q 0 0 0 rg BT 80.34 145.05 Td (ed b) Tj ET Q q 0 0 0 rg BT 96.27 145.05 Td (y the Boar) Tj ET Q q 0 0 0 rg BT 133.60 145.05 Td (d of Dir) Tj ET Q q 0 0 0 rg BT 160.51 145.05 Td (ect) Tj ET Q q 0 0 0 rg BT 171.72 145.05 Td (or) Tj ET Q q 0 0 0 rg BT 179.45 145.05 Td (s: ) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET BT /F3 8.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 80.85 Td (Chaim K) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.01 80.85 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.00 80.85 Td (tzman ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.00 80.85 Td ( ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.00 80.85 Td ( ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.00 80.85 Td (Dori J) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.18 80.85 Td (. 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214.69 705.25 Td (emen) Tj ET Q q 0 0 0 rg BT 266.34 705.25 Td (ts of Inc) Tj ET Q q 0 0 0 rg BT 338.24 705.25 Td (ome) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (64) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 683.5 m 409.5 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 669.5 m 409.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 683.5 m 438.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 683.5 m 498.5 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 669.5 m 498.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 683.5 m 558.5 683.5 l s 0 0 0 RG /GS0 gs 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Tf ET q 0 0 0 rg BT 418.90 560.25 Td (18) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.55 560.25 Td (2,610) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 560.25 Td (1,291) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 547.25 Td (Interest expense) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.90 547.25 Td (19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.20 547.25 Td (\(42,357) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 547.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 547.25 Td (\(40,577) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 547.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 534.25 Td (Corporate expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.90 534.25 Td (20) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.75 534.25 Td (\(8,016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 534.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.00 534.25 Td (\(7,201) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 534.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 521.25 Td (Abandoned transaction costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.20 521.25 Td (\(48) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 521.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 521.25 Td (\(471) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 521.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 508.25 Td (Amortization expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.75 508.25 Td (\(1,023) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 508.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 508.25 Td (\(977) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 508.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 495.25 Td (Share of profit from joint venture) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.45 495.25 Td (685) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 495.25 Td (562) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 482.25 Td (Other gains \(losses\) and \(expenses\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.90 482.25 Td (21) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.55 482.25 Td (1,246) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 482.25 Td (\(163) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 482.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 469.25 Td (Increase \(decrease\) in value of investment properties, net) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.20 469.25 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.75 469.25 Td (\(6,288) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 469.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 469.25 Td (15,599) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.20 456.25 Td (\(53,191) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 456.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 456.25 Td (\(31,937) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 456.25 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 443.25 Td (Income before income taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 443.25 Td (45,393) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 443.25 Td (65,806) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 430.25 Td (Deferred income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.90 430.25 Td (22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 430.25 Td (10,484) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 430.25 Td (13,126) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 417.25 Td (Net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 417.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 417.25 Td (34,909) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 417.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 417.25 Td (52,680) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 404.25 Td (Net income attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 391.25 Td (Common shareholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 391.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 391.25 Td (35,214) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 391.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 391.25 Td (52,720) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 378.25 Td (Non-controlling interest) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.65 378.25 Td (\(305) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 378.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.35 378.25 Td (\(40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 378.25 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 365.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 365.25 Td (34,909) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 365.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 365.25 Td (52,680) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 352.25 Td (Net income per share attributable to common shareholders:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 338.25 Td (Basic) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.90 338.25 Td (23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 338.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 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308.60 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.89 308.60 Td (o the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.47 308.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.74 308.60 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.35 308.60 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.32 308.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.59 308.60 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.55 308.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.81 308.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.10 308.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.37 308.60 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.54 308.60 Td (ts.) 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0 rg BT 57.00 658.13 Td (\(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 406.35 658.13 Td (Note) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.75 658.13 Td (2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 537.75 658.13 Td (2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 643.25 Td (Net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.00 643.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.00 643.25 Td (34,909) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.00 643.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 643.25 Td (52,680) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 628.25 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 613.25 Td (Items that may be reclassified subsequently to net income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 598.25 Td (Unrealized losses on available-for-sale marketable securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.20 598.25 Td (\(19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.15 598.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 598.25 Td (\(380) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 598.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 577.25 Td (Reclassification of net losses on available-for-sale marketable securities to net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 577.25 Td (36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.10 577.25 Td (27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 562.25 Td (Unrealized losses on cash flow hedges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.75 562.25 Td (\(4,842) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.15 562.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 562.25 Td (\(208) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 562.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 548.25 Td (Reclassification of net losses on cash flow hedges to net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 547.25 Td (78) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.10 547.25 Td (79) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.75 532.25 Td (\(4,747) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.15 532.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 532.25 Td (\(482) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 532.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 518.25 Td (Deferred tax expense \(recovery\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.75 517.25 Td (\(1,248) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.15 517.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.35 517.25 Td (\(80) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 517.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 502.25 Td (Other comprehensive loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.40 502.25 Td (26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.75 502.25 Td (\(3,499) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.15 502.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 502.25 Td (\(402) Tj ET Q BT /F3 9.00 Tf ET q 0 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ET q 0 0 0 rg BT 254.60 662.13 Td (Retained) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 255.60 655.63 Td (Earnings) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 295.40 675.13 Td (Accumulated) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 314.60 668.63 Td (Other) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 288.85 662.13 Td (Comprehensive) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 318.75 655.63 Td (Loss) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 340.40 655.63 Td (Share Capital) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 388.20 675.13 Td (Contributed) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 389.05 668.63 Td (Surplus and) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 386.60 662.13 Td (Other Equity) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 405.25 655.63 Td (Items) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 465.00 675.13 Td () Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 452.25 668.63 Td (Total) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 428.75 662.13 Td (Shareholders) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 448.45 655.63 Td (Equity) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 496.95 668.63 Td (Non- ) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 481.00 662.13 Td (Con) Tj ET Q q 0 0 0 rg BT 491.25 662.13 Td (tr) Tj ET Q q 0 0 0 rg BT 495.59 662.13 Td (olling ) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 489.60 655.63 Td (In) Tj ET Q q 0 0 0 rg BT 494.59 655.63 Td (t) Tj ET Q q 0 0 0 rg BT 496.70 655.63 Td (er) Tj ET Q q 0 0 0 rg BT 502.12 655.63 Td (es) Tj ET Q q 0 0 0 rg BT 507.82 655.63 Td (t) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 542.25 662.13 Td (T) Tj ET Q q 0 0 0 rg BT 544.84 662.13 Td (ot) Tj ET Q q 0 0 0 rg BT 550.37 662.13 Td (al) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 538.45 655.63 Td (E) Tj ET Q q 0 0 0 rg BT 541.53 655.63 Td (quity) Tj ET Q BT /F4 7.50 Tf ET q 0 0 0 rg BT 293.05 643.13 Td (\(Note 26\(b\)\)) Tj ET Q BT /F4 7.50 Tf ET q 0 0 0 rg BT 338.05 643.13 Td (\(Note 16\(a\)\)) Tj ET Q BT /F4 7.50 Tf ET q 0 0 0 rg BT 383.05 643.13 Td (\(Note 16\(b\)\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 616.63 Td 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Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 458.50 577.13 Td (\(5) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 465.40 577.13 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 502.70 577.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 548.50 577.13 Td (\(5) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 555.40 577.13 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 63.00 563.63 Td (Dividends) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 252.15 563.63 Td (\(43,967) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 278.40 563.63 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 322.70 563.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 367.70 563.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 412.70 563.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 439.15 563.63 Td (\(43,967) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 465.40 563.63 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 502.70 563.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 529.15 563.63 Td (\(43,967) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 555.40 563.63 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 63.00 550.63 Td (Convertible debentures, net) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 270.70 550.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 322.70 550.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 356.00 550.63 Td (9,980) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 412.70 550.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 446.00 550.63 Td (9,980) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 502.70 550.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 536.00 550.63 Td (9,980) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 63.00 537.63 Td (Op) Tj ET Q q 0 0 0 rg BT 73.06 537.63 Td (tions, de) Tj ET Q q 0 0 0 rg BT 102.79 537.63 Td (f) Tj ET Q q 0 0 0 rg BT 105.17 537.63 Td (err) Tj ET Q q 0 0 0 rg BT 115.22 537.63 Td (ed shar) Tj ET Q q 0 0 0 rg BT 140.55 537.63 Td (e units and ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 72.00 529.13 Td (r) Tj ET Q q 0 0 0 rg BT 74.85 529.13 Td (es) Tj ET Q q 0 0 0 rg BT 82.31 529.13 Td (trict) Tj ET Q q 0 0 0 rg BT 96.42 529.13 Td (ed shar) Tj ET Q q 0 0 0 rg BT 121.75 529.13 Td (e units, ne) Tj ET Q q 0 0 0 rg BT 157.65 529.13 Td (t) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 270.70 530.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 322.70 530.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 356.00 530.13 Td (3,222) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 407.45 530.13 Td (744) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 446.00 530.13 Td (3,966) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 502.70 530.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 536.00 530.13 Td (3,966) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 63.00 516.63 Td (Other comprehensive loss) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 270.70 516.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 308.45 516.63 Td (\(3,499) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 330.40 516.63 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 367.70 516.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 412.70 516.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 443.45 516.63 Td (\(3,499) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 465.40 516.63 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 502.70 516.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 533.45 516.63 Td (\(3,499) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 555.40 516.63 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 502.13 Td (March 31, 2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 239.00 502.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 250.40 502.13 Td (809,114) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 284.00 502.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 308.45 502.13 Td (\(3,906) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 330.40 502.13 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 336.00 502.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 341.00 502.13 Td (2,470,507) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 381.00 502.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 396.70 502.13 Td (45,344) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 426.00 502.13 Td ($) Tj ET Q BT 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Tj ET Q endstream endobj 137 0 obj <> endobj 138 0 obj <> stream BT /F2 22.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 50.00 705.25 Td (Consolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.15 705.25 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.51 705.25 Td (ed St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.17 705.25 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.83 705.25 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.19 705.25 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.84 705.25 Td (ts of Chang) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.29 705.25 Td (es in E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.70 705.25 Td (quity) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 47.00 Td (67) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 56.5 683.5 m 238.5 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 56.5 650.5 m 238.5 650.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 683.5 m 280.5 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 238.5 650.5 m 280.5 650.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 683.5 m 329.5 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 650.5 m 329.5 650.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 683.5 m 374.5 683.5 l s 0 0 0 RG 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Canadian dollars\)) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 253.60 661.13 Td (Retained) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 254.60 654.63 Td (Earnings) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 291.40 674.13 Td (Accumulated) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 310.60 667.63 Td (Other) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 284.85 661.13 Td (Comprehensive) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 314.75 654.63 Td (Loss) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 336.40 654.63 Td (Share Capital) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 384.20 674.13 Td (Contributed) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 385.05 667.63 Td (Surplus and) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 382.60 661.13 Td (Other Equity) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 401.25 654.63 Td (Items) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 448.25 667.63 Td (T) Tj ET Q q 0 0 0 rg BT 450.84 667.63 Td (ot) Tj ET Q q 0 0 0 rg BT 456.37 667.63 Td (al ) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 424.75 661.13 Td (Shar) Tj ET Q q 0 0 0 rg BT 436.45 661.13 Td (eholder) Tj ET Q q 0 0 0 rg BT 456.82 661.13 Td (s ) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 444.45 654.63 Td (E) Tj ET Q q 0 0 0 rg BT 447.53 654.63 Td (quity) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 492.95 667.63 Td (Non- ) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 477.00 661.13 Td (Con) Tj ET Q q 0 0 0 rg BT 487.25 661.13 Td (tr) Tj ET Q q 0 0 0 rg BT 491.59 661.13 Td (olling ) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 485.60 654.63 Td (In) Tj ET Q q 0 0 0 rg BT 490.59 654.63 Td (t) Tj ET Q q 0 0 0 rg BT 492.70 654.63 Td (er) Tj ET Q q 0 0 0 rg BT 498.12 654.63 Td (es) Tj ET Q q 0 0 0 rg BT 503.82 654.63 Td (t) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 538.25 661.13 Td (T) Tj ET Q q 0 0 0 rg BT 540.84 661.13 Td (ot) Tj ET Q q 0 0 0 rg BT 546.37 661.13 Td (al) Tj ET Q BT /F3 6.50 Tf ET q 0 0 0 rg BT 534.45 654.63 Td (E) Tj ET Q q 0 0 0 rg BT 537.53 654.63 Td (quity) Tj ET Q BT /F4 7.50 Tf ET q 0 0 0 rg BT 289.05 642.38 Td (\(Note 26\(b\)\)) Tj ET Q BT /F4 7.50 Tf ET q 0 0 0 rg BT 334.05 642.38 Td (\(Note 16\(a\)\)) Tj ET Q BT /F4 7.50 Tf ET q 0 0 0 rg BT 379.05 642.38 Td (\(Note 16\(b\)\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 59.00 615.63 Td (Balance, at December 31, 2012) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 241.00 615.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.40 615.63 Td (778,096) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 283.00 615.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 304.45 615.63 Td (\(4,180) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 326.40 615.63 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 332.00 615.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 337.00 615.63 Td (2,426,836) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 377.00 615.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 392.70 615.63 Td (44,416) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 422.00 615.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 427.00 615.63 Td (3,245,168) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 467.00 615.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 487.00 615.63 Td (3,386) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 512.00 615.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 517.00 615.63 Td (3,248,554) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 59.00 602.63 Td (Changes during the period:) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 65.00 589.63 Td (Net income) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 253.70 589.63 Td (52,720) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 318.70 589.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 363.70 589.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 408.70 589.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 437.70 589.63 Td (52,720) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 495.20 589.63 Td (\(40) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 506.40 589.63 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.70 589.63 Td (52,680) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 65.00 576.13 Td (Issuance of common shares, net of issue costs) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 269.70 576.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 318.70 576.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 360.20 576.13 Td (\(45) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 371.40 576.13 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 408.70 576.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 450.20 576.13 Td (\(45) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 461.40 576.13 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 498.70 576.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 540.20 576.13 Td (\(45) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 551.40 576.13 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 65.00 562.63 Td (Dividends) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 251.15 562.63 Td (\(43,586) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 277.40 562.63 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 318.70 562.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 363.70 562.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 408.70 562.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 435.15 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Q q 0 0 0 rg BT 117.22 537.63 Td (ed shar) Tj ET Q q 0 0 0 rg BT 142.55 537.63 Td (e units and ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 74.00 529.13 Td (r) Tj ET Q q 0 0 0 rg BT 76.85 529.13 Td (es) Tj ET Q q 0 0 0 rg BT 84.31 529.13 Td (trict) Tj ET Q q 0 0 0 rg BT 98.42 529.13 Td (ed shar) Tj ET Q q 0 0 0 rg BT 123.75 529.13 Td (e units, ne) Tj ET Q q 0 0 0 rg BT 159.65 529.13 Td (t) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 269.70 529.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 318.70 529.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 352.00 529.13 Td (3,195) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 403.45 529.13 Td (855) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 442.00 529.13 Td (4,050) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 498.70 529.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 532.00 529.13 Td (4,050) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 65.00 516.63 Td (Other comprehensive loss) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 269.70 515.63 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 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ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 538.45 502.63 Td (265) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 59.00 488.13 Td (March 31, 2013) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 241.00 488.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 249.40 488.13 Td (787,230) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 283.00 488.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 304.45 488.13 Td (\(4,582) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 326.40 488.13 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 332.00 488.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 337.00 488.13 Td (2,438,754) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 377.00 488.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 392.70 488.13 Td (45,631) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 422.00 488.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 427.00 488.13 Td (3,267,033) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 467.00 488.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 487.00 488.13 Td (3,611) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 512.00 488.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 517.00 488.13 Td (3,270,644) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.50 473.60 Td (See acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.48 473.60 Td (ompan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.34 473.60 Td (ying not) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.31 473.60 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.39 473.60 Td (o the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.97 473.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.24 473.60 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.85 473.60 Td (onsolida) Tj ET Q q 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Tf ET q 0 0 0 rg BT 442.35 692.63 Td (Three months ended March 31) Tj ET Q BT /F4 8.50 Tf ET q 0 0 0 rg BT 57.00 679.63 Td (\(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 407.65 679.63 Td (Notes) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 471.75 679.63 Td (2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 531.75 679.63 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 666.25 Td (CASH FLOWS PROVIDED BY \(USED IN\):) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 653.25 Td (OPERATING ACTIVITIES) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 640.25 Td (Net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.00 640.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.00 640.25 Td (34,909) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.00 640.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.15 640.25 Td (52,680) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 627.25 Td (Adjustments for:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 614.25 Td (\(Increase\) 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q 0 0 0 rg BT 57.00 484.25 Td (Expenditures on residential development inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.75 484.25 Td (\(3,627) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.15 484.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.00 484.25 Td (\(5,513) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.25 484.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 471.25 Td (Cash provided by operating activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.00 471.25 Td (70,131) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.15 471.25 Td (38,220) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 458.25 Td (FINANCING ACTIVITIES) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 445.25 Td (Mortgage financings and credit facilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 432.25 Td (Borrowings, net of financing costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.00 432.25 Td (33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.10 432.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 419.25 Td (Mortgage financings and loans on residential development inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.00 419.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.75 419.25 Td (3,096) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 406.25 Td (Repayment of mortgage and loans on residential development inventories and other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.75 406.25 Td (\(8,631) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.15 406.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.10 406.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 393.25 Td (Principal installment payments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.75 393.25 Td (\(9,249) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.15 393.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 393.25 Td (\(10,502) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.25 393.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 380.25 Td (Repayments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.65 380.25 Td (\(106,065) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.15 380.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 380.25 Td (\(46,303) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.25 380.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 367.25 Td (Issuance of senior unsecured debentures, net of issue costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.40 367.25 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.45 367.25 Td (301,938) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.60 367.25 Td (221,743) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 354.25 Td (Issuance of convertible debentures, net of issue costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.40 354.25 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.00 354.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.15 354.25 Td (55,488) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 341.25 Td (Purchase of convertible debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.30 341.25 Td (13\(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.20 341.25 Td (\(15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.15 341.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.80 341.25 Td (\(921) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.25 341.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 328.25 Td (Issuance of common shares, net of issue costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.55 328.25 Td (3,040) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.75 328.25 Td (3,125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 315.25 Td (Payment of dividends) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.20 315.25 Td (\(43,755) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.15 315.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 315.25 Td (\(43,399) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.25 315.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 302.25 Td (Net contributions from non-controlling interest) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.00 302.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 302.25 Td (265) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 289.25 Td (Cash provided by financing activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.45 289.25 Td (137,296) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.60 289.25 Td (182,592) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 276.25 Td (INVESTING ACTIVITIES) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 263.25 Td (Acquisition of shopping centres) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.05 263.25 Td (5\(c\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.20 263.25 Td (\(53,498) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.15 263.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 263.25 Td (\(34,834) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.25 263.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 250.25 Td (Acquisition of development land) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.05 250.25 Td (5\(c\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.75 250.25 Td (\(3,555) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.15 250.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 250.25 Td (\(11,731) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.25 250.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 237.25 Td (Net proceeds from property dispositions) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.60 237.25 Td (5\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.55 237.25 Td (3,938) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.15 237.25 Td (26,677) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 224.25 Td (Capital expenditures on investment properties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.20 224.25 Td (\(41,875) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.15 224.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 224.25 Td (\(61,801) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.25 224.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 211.25 Td (Changes in investing-related prepaid expenses and other liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.20 211.25 Td (\(13,442) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.15 211.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.75 211.25 Td (6,187) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 198.25 Td (Changes in loans, mortgages and other real estate assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.80 198.25 Td (27\(c\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.20 198.25 Td (\(10,840) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.15 198.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.15 198.25 Td (20,177) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 185.25 Td (Cash used in investing activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.65 185.25 Td (\(119,272) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.15 185.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 185.25 Td (\(55,325) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.25 185.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 172.25 Td (Net increase in cash and cash equivalents) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.00 172.25 Td (88,155) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.60 172.25 Td (165,487) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 159.25 Td (Cash and cash equivalents, beginning of the period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.55 159.25 Td (4,975) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.15 159.25 Td (64,015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 145.25 Td (Cash and cash equivalents, end of the period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.30 145.25 Td (27\(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.00 145.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.00 145.25 Td (93,130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.00 145.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.60 145.25 Td (229,502) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 130.60 Td (See acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.98 130.60 Td (ompan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.84 130.60 Td (ying not) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.81 130.60 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.89 130.60 Td (o the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.47 130.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.74 130.60 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.35 130.60 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.32 130.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.59 130.60 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.55 130.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.81 130.60 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.10 130.60 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.37 130.60 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 256.54 130.60 Td (ts.) Tj ET Q endstream endobj 141 0 obj <> endobj 142 0 obj <> stream BT /F2 22.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 731.65 Td (Not) Tj ET Q q 0 0 0 rg BT 88.68 731.65 Td (es t) Tj ET Q q 0 0 0 rg BT 120.91 731.65 Td (o the In) Tj ET Q q 0 0 0 rg BT 190.66 731.65 Td (t) Tj ET Q q 0 0 0 rg BT 198.02 731.65 Td (erim Consolida) Tj ET Q q 0 0 0 rg BT 334.34 731.65 Td (t) Tj ET Q q 0 0 0 rg BT 341.70 731.65 Td (ed Fin) Tj ET Q BT /F2 22.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.86 731.65 Td (ancial St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.18 731.65 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.84 731.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.20 731.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 542.85 731.65 Td (ts) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 47.00 Td (69) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 670.40 Td (1) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.10 670.40 Td (. DE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.52 670.40 Td (SCRIP) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.57 670.40 Td (TION OF THE C) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.21 670.40 Td (OMP) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.42 670.40 Td (ANY) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 652.40 Td (Fir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.21 652.40 Td (s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.00 652.40 Td (t Capit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.51 652.40 Td (al R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.11 652.40 Td (ealty Inc. \(the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.86 652.40 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.69 652.40 Td (\) is a c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.83 652.40 Td (orpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 261.40 652.40 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.09 652.40 Td (tion e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 289.35 652.40 Td (xis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.78 652.40 Td (ting under the la) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.98 652.40 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.04 652.40 Td (s of On) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.58 652.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.81 652.40 Td (ario and eng) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.23 652.40 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.64 652.40 Td (es in the business of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 640.40 Td (acquiring) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.68 640.40 Td (, de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.61 640.40 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.03 640.40 Td (eloping) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.20 640.40 Td (, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.31 640.40 Td (ede) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.46 640.40 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.88 640.40 Td (eloping) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.05 640.40 Td (, o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.04 640.40 Td (wning and managing w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.62 640.40 Td (ell-loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 326.96 640.40 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.66 640.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.90 640.40 Td (ed, high quality urban r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.34 640.40 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.26 640.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.49 640.40 Td (ail-cen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.29 640.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.54 640.40 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.87 640.40 Td (ed pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.93 640.40 Td (operties. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 628.40 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 628.40 Td (y is lis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.71 628.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.95 628.40 Td (ed on the T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.06 628.40 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.66 628.40 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.09 628.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.34 628.40 Td (o St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.72 628.40 Td (ock Ex) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.02 628.40 Td (chang) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.17 628.40 Td (e \() Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.07 628.40 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.89 628.40 Td (S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.42 628.40 Td (X) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.55 628.40 Td (\) under the s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 349.08 628.40 Td (ymbol F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.37 628.40 Td (CR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.35 628.40 Td (, and its head of) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.24 628.40 Td (fice is loc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.23 628.40 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.93 628.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 509.17 628.40 Td (ed a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 526.36 628.40 Td (t 85 ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 616.40 Td (Hanna A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.18 616.40 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.60 616.40 Td (enue, Suit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 133.20 616.40 Td (e 400, T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.38 616.40 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.98 616.40 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.41 616.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.67 616.40 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.76 616.40 Td (, On) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.30 616.40 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.52 616.40 Td (ario) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.19 616.40 Td (, M6K 3S3.) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 590.60 Td (2) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.10 590.60 Td (. SIGNIFICANT A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.91 590.60 Td (CC) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.63 590.60 Td (OUNTING POLICIE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.84 590.60 Td (S) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 566.70 Td (\(a\) St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.83 566.70 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.64 566.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.65 566.70 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.83 566.70 Td (t of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.62 566.70 Td (ompliance) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 551.70 Td (These in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.71 551.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 90.95 551.70 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.10 551.70 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.35 551.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.59 551.70 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.40 551.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.63 551.70 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.32 551.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.56 551.70 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.67 551.70 Td (ts ha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.06 551.70 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.48 551.70 Td (e been pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.05 551.70 Td (epar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.42 551.70 Td (ed in acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 356.89 551.70 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.51 551.70 Td (dance with IAS 34, In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.50 551.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.74 551.70 Td (erim Financial ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 539.70 Td (R) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.25 539.70 Td (eporting) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.25 539.70 Td ( \(IAS 34\) as issued b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.72 539.70 Td (y the In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.03 539.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.27 539.70 Td (erna) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.68 539.70 Td (tional Acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.36 539.70 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.05 539.70 Td (ting St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.74 539.70 Td (andar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.17 539.70 Td (ds Boar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 373.45 539.70 Td (d \(IASB\), and as such, do not include all ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 527.70 Td (of the disclosur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.20 527.70 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.65 527.70 Td (t w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.32 527.70 Td (ould be included in annual c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.07 527.70 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.32 527.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 304.56 527.70 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.36 527.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.59 527.70 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.29 527.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.53 527.70 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.63 527.70 Td (ts. These in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.38 527.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.63 527.70 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.78 527.70 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.03 527.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 503.27 527.70 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 515.70 Td (financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.31 515.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.54 515.70 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.24 515.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.48 515.70 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.58 515.70 Td (ts should be r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.45 515.70 Td (ead in c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.68 515.70 Td (onjunction with the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.63 515.70 Td (y's annual c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 377.57 515.70 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.83 515.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 415.07 515.70 Td (ed financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 467.87 515.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.10 515.70 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.80 515.70 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.04 515.70 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.14 515.70 Td (ts f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.50 515.70 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 503.70 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.40 503.70 Td (ear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.49 503.70 Td (s ended December 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.09 503.70 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.91 503.70 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.19 503.70 Td (. ) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 476.80 Td (\(b\) Basis of pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 122.04 476.80 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.24 476.80 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.29 476.80 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.10 476.80 Td (tion) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 461.80 Td (The in) Tj ET Q q 0 0 0 rg BT 78.82 461.80 Td (t) Tj ET Q q 0 0 0 rg BT 82.06 461.80 Td (erim c) Tj ET Q q 0 0 0 rg BT 107.21 461.80 Td (onsolida) Tj ET Q q 0 0 0 rg BT 141.47 461.80 Td (t) Tj ET Q q 0 0 0 rg BT 144.71 461.80 Td (ed financial s) Tj ET Q q 0 0 0 rg BT 197.51 461.80 Td (t) Tj ET Q q 0 0 0 rg BT 200.74 461.80 Td (a) Tj ET Q q 0 0 0 rg BT 205.44 461.80 Td (t) Tj ET Q q 0 0 0 rg BT 208.68 461.80 Td (emen) Tj ET Q q 0 0 0 rg BT 231.78 461.80 Td (ts ar) Tj ET Q q 0 0 0 rg BT 249.44 461.80 Td (e pr) Tj ET Q q 0 0 0 rg BT 265.29 461.80 Td (epar) Tj ET Q q 0 0 0 rg BT 283.66 461.80 Td (ed on a g) Tj ET Q q 0 0 0 rg BT 320.63 461.80 Td (oing c) Tj ET Q q 0 0 0 rg BT 344.57 461.80 Td (oncern basis and ha) Tj ET Q q 0 0 0 rg BT 425.16 461.80 Td (v) Tj ET Q q 0 0 0 rg BT 429.58 461.80 Td (e been pr) Tj ET Q q 0 0 0 rg BT 468.14 461.80 Td (esen) Tj ET Q q 0 0 0 rg BT 487.16 461.80 Td (t) Tj ET Q q 0 0 0 rg BT 490.41 461.80 Td (ed in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 449.80 Td (Canadian dollar) Tj ET Q q 0 0 0 rg BT 117.24 449.80 Td (s r) Tj ET Q q 0 0 0 rg BT 126.74 449.80 Td (ounded t) Tj ET Q q 0 0 0 rg BT 163.52 449.80 Td (o the near) Tj ET Q q 0 0 0 rg BT 205.26 449.80 Td (es) Tj ET Q q 0 0 0 rg BT 214.04 449.80 Td (t thousand, unless other) Tj ET Q q 0 0 0 rg BT 313.00 449.80 Td (wise indic) Tj ET Q q 0 0 0 rg BT 352.83 449.80 Td (a) Tj ET Q q 0 0 0 rg BT 357.53 449.80 Td (t) Tj ET Q q 0 0 0 rg BT 360.77 449.80 Td (ed. The acc) Tj ET Q q 0 0 0 rg BT 406.31 449.80 Td (oun) Tj ET Q q 0 0 0 rg BT 422.00 449.80 Td (ting policies se) Tj ET Q q 0 0 0 rg BT 481.49 449.80 Td (t out belo) Tj ET Q q 0 0 0 rg BT 521.00 449.80 Td (w ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 437.80 Td (ha) Tj ET Q q 0 0 0 rg BT 63.88 437.80 Td (v) Tj ET Q q 0 0 0 rg BT 68.30 437.80 Td (e been applied c) Tj ET Q q 0 0 0 rg BT 134.78 437.80 Td (onsis) Tj ET Q q 0 0 0 rg BT 155.31 437.80 Td (t) Tj ET Q q 0 0 0 rg BT 158.55 437.80 Td (en) Tj ET Q q 0 0 0 rg BT 168.69 437.80 Td (tly in all ma) Tj ET Q q 0 0 0 rg BT 215.25 437.80 Td (t) Tj ET Q q 0 0 0 rg BT 218.50 437.80 Td (erial r) Tj ET Q q 0 0 0 rg BT 241.95 437.80 Td (espects. 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 341.80 Td (Additionally) Tj ET Q q 0 0 0 rg BT 101.95 341.80 Td (, manag) Tj ET Q q 0 0 0 rg BT 134.16 341.80 Td (emen) Tj ET Q q 0 0 0 rg BT 157.26 341.80 Td (t, in measuring the Compan) Tj ET Q q 0 0 0 rg BT 269.64 341.80 Td (y's perf) Tj ET Q q 0 0 0 rg BT 299.10 341.80 Td (ormance or making oper) Tj ET Q q 0 0 0 rg BT 399.00 341.80 Td (a) Tj ET Q q 0 0 0 rg BT 403.70 341.80 Td (ting decisions, dis) Tj ET Q q 0 0 0 rg BT 475.07 341.80 Td (tinguishes its ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 329.80 Td (oper) Tj ET Q q 0 0 0 rg BT 72.78 329.80 Td (a) Tj ET Q q 0 0 0 rg BT 77.48 329.80 Td (tions on a g) Tj ET Q q 0 0 0 rg BT 124.29 329.80 Td (eogr) Tj ET Q q 0 0 0 rg BT 142.53 329.80 Td (aphic) Tj ET Q q 0 0 0 rg BT 164.26 329.80 Td (al basis. 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Tj ET Q endstream endobj 143 0 obj <> endobj 144 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (70) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (3) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.10 691.50 Td (. CHANGE IN A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.30 691.50 Td (CC) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.02 691.50 Td (OUNTING POLICIE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.23 691.50 Td (S) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 673.50 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.07 673.50 Td (y has adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.60 673.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.84 673.50 Td (ed each of the s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.07 673.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.29 673.50 Td (andar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.73 673.50 Td (ds belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.92 673.50 Td (w on Januar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.92 673.50 Td (y 1, 2014: ) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 649.65 Td (\(a\) Le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.17 649.65 Td (vies) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 631.65 Td (IFRIC 21, Le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.86 631.65 Td (vies \(IFRIC 21\) clarifies tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.38 631.65 Td (t an en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.44 631.65 Td (tity r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.57 631.65 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.69 631.65 Td (ogniz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.95 631.65 Td (es a liability f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.64 631.65 Td (or a le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 378.94 631.65 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.51 631.65 Td (y when the activity tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.94 631.65 Td (t trig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 495.48 631.65 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 500.11 631.65 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.40 631.65 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 619.65 Td (pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.86 619.65 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.51 619.65 Td (t, as iden) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.26 619.65 Td (tified b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 151.95 619.65 Td (y the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.93 619.65 Td (ele) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.13 619.65 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.50 619.65 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.45 619.65 Td (t legisla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.24 619.65 Td (tion, occur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.46 619.65 Td (s. It also clarifies tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.71 619.65 Td (t a le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.59 619.65 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.17 619.65 Td (y liability is accrued r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.83 619.65 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 474.53 619.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.76 619.65 Td (ably only if ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 607.65 Td (the activity tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.75 607.65 Td (t trig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.29 607.65 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 138.92 607.65 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.21 607.65 Td (s pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.24 607.65 Td (ymen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.89 607.65 Td (t occur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.80 607.65 Td (s o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.20 607.65 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 229.62 607.65 Td (er a period of time, in acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.12 607.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.74 607.65 Td (dance with the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 408.00 607.65 Td (ele) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.20 607.65 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.57 607.65 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.52 607.65 Td (t legisla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.31 607.65 Td (tion. The ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 595.65 Td (in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.46 595.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.70 595.65 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.77 595.65 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.69 595.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.92 595.65 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.62 595.65 Td (tion applies t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.33 595.65 Td (o r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 158.22 595.65 Td (ealty t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.65 595.65 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.35 595.65 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.41 595.65 Td (es and has been applied r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.79 595.65 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.71 595.65 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.38 595.65 Td (ospectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.09 595.65 Td (ely t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.40 595.65 Td (o the prior period pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.24 595.65 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.26 595.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.50 595.65 Td (ed. F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.24 595.65 Td (or a le) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 510.53 595.65 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 515.10 595.65 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 583.65 Td (tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.30 583.65 Td (t is trig) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.31 583.65 Td (g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.93 583.65 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 108.26 583.65 Td (ed upon r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.40 583.65 Td (eaching a minimum thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.50 583.65 Td (eshold, the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.51 583.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.76 583.65 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.83 583.65 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.75 583.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 324.98 583.65 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.67 583.65 Td (tion clarifies tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.00 583.65 Td (t no liability should be ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 571.65 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.95 571.65 Td (ticipa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.07 571.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.31 571.65 Td (ed be) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.94 571.65 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.79 571.65 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.41 571.65 Td (e the specified minimum thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.27 571.65 Td (eshold is r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.32 571.65 Td (eached. The in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.40 571.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 341.64 571.65 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.71 571.65 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.63 571.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.86 571.65 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 371.56 571.65 Td (tion does not apply t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.44 571.65 Td (o acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.13 571.65 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.82 571.65 Td (ting f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.53 571.65 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 559.65 Td (inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 65.69 559.65 Td (ome t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.42 559.65 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.12 559.65 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.18 559.65 Td (es or fines and penalties. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 541.65 Td (The primar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.71 541.65 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.64 541.65 Td (onsider) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.89 541.65 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.59 541.65 Td (tion f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.86 541.65 Td (or the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.43 541.65 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.24 541.65 Td (, in the adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.17 541.65 Td (tion of IFRIC 21, r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.09 541.65 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.06 541.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.30 541.65 Td (es t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.70 541.65 Td (o the timing of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.17 541.65 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 455.29 541.65 Td (ognizing a ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 529.65 Td (liability t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.91 529.65 Td (o pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 106.30 529.65 Td (y r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.44 529.65 Td (ealty t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.87 529.65 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.56 529.65 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.63 529.65 Td (es. The adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.19 529.65 Td (tion of IFRIC 21 did not r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.82 529.65 Td (esult in a ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.41 529.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.66 529.65 Td (erial impact t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.18 529.65 Td (o the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.01 529.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.25 529.65 Td (erim c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.40 529.65 Td (onsolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.65 529.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 505.89 529.65 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 517.65 Td (financial s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.31 517.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.54 517.65 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.24 517.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.48 517.65 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.58 517.65 Td (ts, as the r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.75 517.65 Td (ele) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.95 517.65 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.32 517.65 Td (an) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.27 517.65 Td (t municipal legisla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.97 517.65 Td (tion g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.04 517.65 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.27 517.65 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.69 517.65 Td (erning r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.28 517.65 Td (ealty t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.70 517.65 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 364.40 517.65 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.47 517.65 Td (es indic) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.86 517.65 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 403.56 517.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.80 517.65 Td (es tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 431.25 517.65 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.21 517.65 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.33 517.65 Td (ognition ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 505.65 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 505.65 Td (ogr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.91 505.65 Td (essiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.43 505.65 Td (ely thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.41 505.65 Td (ough the y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.41 505.65 Td (ear is appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.01 505.65 Td (opria) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.01 505.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.26 505.65 Td (e, which is c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.04 505.65 Td (onsis) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 300.57 505.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.81 505.65 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.95 505.65 Td (t with the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.42 505.65 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.24 505.65 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 396.13 505.65 Td (s curr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.62 505.65 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.76 505.65 Td (t acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.54 505.65 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.22 505.65 Td (ting.) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 484.75 Td (\(b\) In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.16 484.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.17 484.75 Td (ernal leasing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 154.95 484.75 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.05 484.75 Td (ts) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 469.75 Td (In Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.71 469.75 Td (ch 2014, the IFR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.74 469.75 Td (S In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.27 469.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.52 469.75 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.59 469.75 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.51 469.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.74 469.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.43 469.75 Td (tions Commit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.86 469.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 251.10 469.75 Td (ee \(IFRIC) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.36 469.75 Td (\) issued a decision r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.85 469.75 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 386.82 469.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.06 469.75 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.81 469.75 Td (o the meaning of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 457.75 Td (incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.63 457.75 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.73 457.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.96 457.75 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.45 457.75 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 120.52 457.75 Td (ts in the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.33 457.75 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.76 457.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.01 457.75 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.83 457.75 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.19 457.75 Td (t of initial dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 237.13 457.75 Td (ect leasing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.57 457.75 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 295.65 457.75 Td (ts in IAS 17, Leases \(IAS 17\). The IFRIC de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.40 457.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.64 457.75 Td (ermined ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 445.75 Td (tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.30 445.75 Td (t in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.37 445.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.61 445.75 Td (ernal fix) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.08 445.75 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.72 445.75 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.79 445.75 Td (ts, such as the salar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.84 445.75 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.77 445.75 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.85 445.75 Td (ts of permanen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.84 445.75 Td (t s) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.25 445.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 315.47 445.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 320.21 445.75 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.16 445.75 Td (f in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.86 445.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.28 445.75 Td (olv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.27 445.75 Td (ed in neg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.43 445.75 Td (otia) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 405.05 445.75 Td (ting and arr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 452.03 445.75 Td (anging ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.48 445.75 Td (w ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 433.75 Td (leases, do not qualif) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 135.53 433.75 Td (y as incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.41 433.75 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.51 433.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 194.74 433.75 Td (al c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.23 433.75 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.30 433.75 Td (ts within the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.66 433.75 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.10 433.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.34 433.75 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.17 433.75 Td (x) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.53 433.75 Td (t of IAS 17 and ther) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 375.77 433.75 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.66 433.75 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 383.50 433.75 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 392.13 433.75 Td (e should not be c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.64 433.75 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.21 433.75 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 490.31 433.75 Td (ed as ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 421.75 Td (initial dir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 89.74 421.75 Td (ect leasing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.19 421.75 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.26 421.75 Td (ts. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 403.75 Td (Prior t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.22 403.75 Td (o Januar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.57 403.75 Td (y 1, 2014, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.75 403.75 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.58 403.75 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.47 403.75 Td (s acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 230.80 403.75 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.49 403.75 Td (ting policy w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 297.53 403.75 Td (as t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 311.74 403.75 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.42 403.75 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.99 403.75 Td (aliz) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.09 403.75 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.78 403.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.03 403.75 Td (ernal leasing c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 427.72 403.75 Td (os) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.79 403.75 Td (ts t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 449.57 403.75 Td (o in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.48 403.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.90 403.75 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.68 403.75 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 499.15 403.75 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 391.75 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 391.75 Td (operties, which w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.33 391.75 Td (as then adjus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.88 391.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.12 391.75 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.86 391.75 Td (o f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.25 391.75 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.45 391.75 Td (alue thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.96 391.75 Td (ough ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 298.88 391.75 Td (t inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.19 391.75 Td (ome. Adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.73 391.75 Td (tion of this in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 414.28 391.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.52 391.75 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 434.59 391.75 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.51 391.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.74 391.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.44 391.75 Td (tion r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.22 391.75 Td (esult) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.90 391.75 Td (ed in an ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 379.75 Td (incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.13 379.75 Td (ease in c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.00 379.75 Td (orpor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.57 379.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.27 379.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.51 379.75 Td (e e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.57 379.75 Td (xpenses and an incr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.44 379.75 Td (ease in f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 260.02 379.75 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 277.22 379.75 Td (alue g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.31 379.75 Td (ains \(or decr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 351.69 379.75 Td (ease in f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.27 379.75 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.47 379.75 Td (alue losses\) on in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.79 379.75 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 476.21 379.75 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.98 379.75 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 506.46 379.75 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 367.75 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.58 367.75 Td (operties in the Consolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.59 367.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.84 367.75 Td (ed St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.15 367.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.85 367.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.09 367.75 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 218.19 367.75 Td (ts of Inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.22 367.75 Td (ome, with no chang) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 330.46 367.75 Td (e in ne) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.68 367.75 Td (t inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.98 367.75 Td (ome. Ther) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.46 367.75 Td (e is no ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 457.64 367.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.88 367.75 Td (erial impact on ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 355.75 Td (the Consolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 109.42 355.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.67 355.75 Td (ed Balance Shee) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.94 355.75 Td (ts or the Consolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.90 355.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 258.15 355.75 Td (ed St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 278.46 355.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 283.16 355.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 286.40 355.75 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.50 355.75 Td (ts of Cash Flo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.28 355.75 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.34 355.75 Td (s. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 337.75 Td (The impact of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.66 337.75 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.49 337.75 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.38 337.75 Td (s adop) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 195.07 337.75 Td (tion of the in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.39 337.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.63 337.75 Td (erpr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.70 337.75 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 272.62 337.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 275.85 337.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.55 337.75 Td (tion on the Consolida) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.19 337.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.44 337.75 Td (ed St) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 390.75 337.75 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.45 337.75 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 398.69 337.75 Td (emen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.79 337.75 Td (ts of Inc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.81 337.75 Td (ome f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.15 337.75 Td (or the y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 508.42 337.75 Td (ear ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 325.75 Td (ended December 31, 2013 is as f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.97 325.75 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.07 325.75 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 208.13 325.75 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 315.25 m 163.5 315.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 315.25 m 232.5 315.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 315.25 m 302.5 315.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 315.25 m 376.5 315.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 315.25 m 451.5 315.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 315.25 m 522.5 315.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 294.25 m 163.5 294.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 273.25 m 163.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 294.25 m 232.5 294.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 273.25 m 232.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 232.5 294.25 m 302.5 294.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 232.5 273.25 m 302.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 294.25 m 376.5 294.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 273.25 m 376.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 294.25 m 451.5 294.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 273.25 m 451.5 273.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 451.5 294.25 m 522.5 294.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 451.5 273.25 m 522.5 273.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 226.25 m 163.5 226.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 226.25 m 232.5 226.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 226.25 m 302.5 226.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 226.25 m 376.5 226.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 226.25 m 451.5 226.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 226.25 m 522.5 226.25 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 306.75 Td (\(unaudited\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 298.75 Td (\(thousands of Canadian dollars\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.15 298.75 Td (Three months ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.35 298.75 Td (Year Ended) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 184.45 277.50 Td (March 31, 2013) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 259.70 277.50 Td (June 30, 2013) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 315.50 277.50 Td (September 30, 2013) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 392.35 277.50 Td (December 31, 2013) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 463.35 277.50 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 264.75 Td (Increase in value of investment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 256.75 Td (properties, net) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 166.00 256.75 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 211.30 256.75 Td (1,436) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 235.00 256.75 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.30 256.75 Td (1,103) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.00 256.75 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.30 256.75 Td (1,125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.00 256.75 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.30 256.75 Td (1,083) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.00 256.75 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 501.30 256.75 Td (4,747) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 243.75 Td (Increase in corporate expenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 211.30 243.75 Td (1,436) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.30 243.75 Td (1,103) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.30 243.75 Td (1,125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.30 243.75 Td (1,083) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 501.30 243.75 Td (4,747) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 230.75 Td (Net income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 222.30 230.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.30 230.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.30 230.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.30 230.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.30 230.75 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 145 0 obj <> endobj 146 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 736.70 Td (NO) Tj ET Q q 0 0 0 rg BT 66.82 736.70 Td (TE) Tj ET Q q 0 0 0 rg BT 75.58 736.70 Td (S T) Tj ET Q q 0 0 0 rg BT 86.08 736.70 Td (O THE INTERIM C) Tj ET Q q 0 0 0 rg BT 150.00 736.70 Td (ONSOLID) Tj ET Q q 0 0 0 rg BT 184.02 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 188.77 736.70 Td (TED FINANCIAL S) Tj ET Q q 0 0 0 rg BT 251.79 736.70 Td (T) Tj ET Q q 0 0 0 rg BT 255.54 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 260.29 736.70 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 291.73 736.70 Td (S c) Tj ET Q q 0 0 0 rg BT 308.26 736.70 Td (on) Tj ET Q q 0 0 0 rg BT 317.84 736.70 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (71) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (4) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.10 691.50 Td (. FUTURE A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.83 691.50 Td (CC) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.55 691.50 Td (OUNTING POLICY CHANGE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.33 691.50 Td (S) Tj ET Q BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 664.65 Td (Financial ins) Tj ET Q q 0 0 0 rg BT 114.85 664.65 Td (trumen) Tj ET Q q 0 0 0 rg BT 151.85 664.65 Td (ts) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 646.65 Td (IFR) Tj ET Q q 0 0 0 rg BT 66.41 646.65 Td (S 9, Financial Ins) Tj ET Q q 0 0 0 rg BT 136.91 646.65 Td (trumen) Tj ET Q q 0 0 0 rg BT 167.12 646.65 Td (ts \(IFR) Tj ET Q q 0 0 0 rg BT 200.46 646.65 Td (S 9\), will r) Tj ET Q q 0 0 0 rg BT 244.00 646.65 Td (eplace IAS 39, Financial Ins) Tj ET Q q 0 0 0 rg BT 356.65 646.65 Td (trumen) Tj ET Q q 0 0 0 rg BT 386.86 646.65 Td (ts: R) Tj ET Q q 0 0 0 rg BT 404.31 646.65 Td (ec) Tj ET Q q 0 0 0 rg BT 413.43 646.65 Td (ognition and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 634.65 Td (Measur) Tj ET Q q 0 0 0 rg BT 84.83 634.65 Td (emen) Tj ET Q q 0 0 0 rg BT 107.94 634.65 Td (t) Tj ET Q q 0 0 0 rg BT 111.63 634.65 Td ( \(IAS 39\). This s) Tj ET Q q 0 0 0 rg BT 184.99 634.65 Td (t) Tj ET Q q 0 0 0 rg BT 188.21 634.65 Td (andar) Tj ET Q q 0 0 0 rg BT 211.65 634.65 Td (d addr) Tj ET Q q 0 0 0 rg BT 237.82 634.65 Td (esses the classific) Tj ET Q q 0 0 0 rg BT 308.53 634.65 Td (a) Tj ET Q q 0 0 0 rg BT 313.22 634.65 Td (tion and measur) Tj ET Q q 0 0 0 rg BT 379.49 634.65 Td (emen) Tj ET Q q 0 0 0 rg BT 402.59 634.65 Td (t of all financial asse) Tj ET Q q 0 0 0 rg BT 484.47 634.65 Td (ts and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 622.65 Td (financial liabilities within the sc) Tj ET Q q 0 0 0 rg BT 180.58 622.65 Td (ope of the curr) Tj ET Q q 0 0 0 rg BT 241.09 622.65 Td (en) Tj ET Q q 0 0 0 rg BT 251.23 622.65 Td (t IAS 39. Included in IFR) Tj ET Q q 0 0 0 rg BT 346.44 622.65 Td (S 9 ar) Tj ET Q q 0 0 0 rg BT 368.77 622.65 Td (e the r) Tj ET Q q 0 0 0 rg BT 395.20 622.65 Td (equir) Tj ET Q q 0 0 0 rg BT 416.33 622.65 Td (emen) Tj ET Q q 0 0 0 rg BT 439.43 622.65 Td (ts t) Tj ET Q q 0 0 0 rg BT 452.20 622.65 Td (o measur) Tj ET Q q 0 0 0 rg BT 490.01 622.65 Td (e deb) Tj ET Q q 0 0 0 rg BT 512.69 622.65 Td (t) Tj ET Q q 0 0 0 rg BT 515.73 622.65 Td (-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 610.65 Td (based financial asse) Tj ET Q q 0 0 0 rg BT 134.49 610.65 Td (ts a) Tj ET Q q 0 0 0 rg BT 148.71 610.65 Td (t either amortiz) Tj ET Q q 0 0 0 rg BT 211.83 610.65 Td (ed c) Tj ET Q q 0 0 0 rg BT 228.46 610.65 Td (os) Tj ET Q q 0 0 0 rg BT 237.54 610.65 Td (t or f) Tj ET Q q 0 0 0 rg BT 257.02 610.65 Td (air v) Tj ET Q q 0 0 0 rg BT 274.22 610.65 Td (alue thr) Tj ET Q q 0 0 0 rg BT 305.73 610.65 Td (ough pr) Tj ET Q q 0 0 0 rg BT 337.06 610.65 Td (ofit or loss \(FVTPL) Tj ET Q q 0 0 0 rg BT 412.97 610.65 Td (\) and t) Tj ET Q q 0 0 0 rg BT 443.26 610.65 Td (o measur) Tj ET Q q 0 0 0 rg BT 481.07 610.65 Td (e equity) Tj ET Q q 0 0 0 rg BT 513.74 610.65 Td (-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 598.65 Td (based financial asse) Tj ET Q q 0 0 0 rg BT 134.49 598.65 Td (ts as either held-) Tj ET Q q 0 0 0 rg BT 202.33 598.65 Td (f) Tj ET Q q 0 0 0 rg BT 205.17 598.65 Td (or) Tj ET Q q 0 0 0 rg BT 213.63 598.65 Td (-tr) Tj ET Q q 0 0 0 rg BT 223.33 598.65 Td (ading \(HFT) Tj ET Q q 0 0 0 rg BT 271.04 598.65 Td (\) or as f) Tj ET Q q 0 0 0 rg BT 305.35 598.65 Td (air v) Tj ET Q q 0 0 0 rg BT 322.55 598.65 Td (alue thr) Tj ET Q q 0 0 0 rg BT 354.06 598.65 Td (ough other c) Tj ET Q q 0 0 0 rg BT 405.55 598.65 Td (ompr) Tj ET Q q 0 0 0 rg BT 427.42 598.65 Td (ehensiv) Tj ET Q q 0 0 0 rg BT 458.51 598.65 Td (e inc) Tj ET Q q 0 0 0 rg BT 477.44 598.65 Td (ome ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 586.65 Td (\(FVT) Tj ET Q q 0 0 0 rg BT 76.08 586.65 Td (OCI\). No amoun) Tj ET Q q 0 0 0 rg BT 145.01 586.65 Td (ts ar) Tj ET Q q 0 0 0 rg BT 162.67 586.65 Td (e r) Tj ET Q q 0 0 0 rg BT 173.26 586.65 Td (eclassified out of OCI if the FVT) Tj ET Q q 0 0 0 rg BT 299.27 586.65 Td (OCI op) Tj ET Q q 0 0 0 rg BT 326.49 586.65 Td (tion is elect) Tj ET Q q 0 0 0 rg BT 373.10 586.65 Td (ed. Additionally) Tj ET Q q 0 0 0 rg BT 436.07 586.65 Td (, embedded ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 574.65 Td (deriv) Tj ET Q q 0 0 0 rg BT 74.38 574.65 Td (a) Tj ET Q q 0 0 0 rg BT 79.08 574.65 Td (tiv) Tj ET Q q 0 0 0 rg BT 89.14 574.65 Td (es in financial asse) Tj ET Q q 0 0 0 rg BT 164.15 574.65 Td (ts w) Tj ET Q q 0 0 0 rg BT 180.72 574.65 Td (ould no long) Tj ET Q q 0 0 0 rg BT 231.29 574.65 Td (er be bifur) Tj ET Q q 0 0 0 rg BT 273.70 574.65 Td (c) Tj ET Q q 0 0 0 rg BT 277.85 574.65 Td (a) Tj ET Q q 0 0 0 rg BT 282.54 574.65 Td (t) Tj ET Q q 0 0 0 rg BT 285.79 574.65 Td (ed and acc) Tj ET Q q 0 0 0 rg BT 329.00 574.65 Td (oun) Tj ET Q q 0 0 0 rg BT 344.69 574.65 Td (t) Tj ET Q q 0 0 0 rg BT 347.93 574.65 Td (ed f) Tj ET Q q 0 0 0 rg BT 363.26 574.65 Td (or separ) Tj ET Q q 0 0 0 rg BT 396.50 574.65 Td (a) Tj ET Q q 0 0 0 rg BT 401.19 574.65 Td (t) Tj ET Q q 0 0 0 rg BT 404.43 574.65 Td (ely under IFR) Tj ET Q q 0 0 0 rg BT 457.39 574.65 Td (S 9. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 556.65 Td (A ne) Tj ET Q q 0 0 0 rg BT 72.23 556.65 Td (w g) Tj ET Q q 0 0 0 rg BT 86.26 556.65 Td (ener) Tj ET Q q 0 0 0 rg BT 104.75 556.65 Td (al hedg) Tj ET Q q 0 0 0 rg BT 134.20 556.65 Td (e acc) Tj ET Q q 0 0 0 rg BT 154.60 556.65 Td (oun) Tj ET Q q 0 0 0 rg BT 170.29 556.65 Td (ting s) Tj ET Q q 0 0 0 rg BT 191.95 556.65 Td (t) Tj ET Q q 0 0 0 rg BT 195.18 556.65 Td (andar) Tj ET Q q 0 0 0 rg BT 218.62 556.65 Td (d, part of IFR) Tj ET Q q 0 0 0 rg BT 270.77 556.65 Td (S 9 \(2013\), w) Tj ET Q q 0 0 0 rg BT 323.08 556.65 Td (as issued in No) Tj ET Q q 0 0 0 rg BT 383.40 556.65 Td (v) Tj ET Q q 0 0 0 rg BT 387.82 556.65 Td (ember 2013. The ne) Tj ET Q q 0 0 0 rg BT 469.36 556.65 Td (w s) Tj ET Q q 0 0 0 rg BT 482.57 556.65 Td (t) Tj ET Q q 0 0 0 rg BT 485.80 556.65 Td (andar) Tj ET Q q 0 0 0 rg BT 509.23 556.65 Td (d does ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 544.65 Td (not chang) Tj ET Q q 0 0 0 rg BT 94.29 544.65 Td (e the types of hedging r) Tj ET Q q 0 0 0 rg BT 190.29 544.65 Td (ela) Tj ET Q q 0 0 0 rg BT 202.26 544.65 Td (tionship) Tj ET Q q 0 0 0 rg BT 235.09 544.65 Td (s \(i.e., c) Tj ET Q q 0 0 0 rg BT 265.52 544.65 Td (ash flo) Tj ET Q q 0 0 0 rg BT 292.32 544.65 Td (w or f) Tj ET Q q 0 0 0 rg BT 315.60 544.65 Td (air v) Tj ET Q q 0 0 0 rg BT 332.80 544.65 Td (alue hedg) Tj ET Q q 0 0 0 rg BT 372.49 544.65 Td (es\) or the r) Tj ET Q q 0 0 0 rg BT 416.88 544.65 Td (equir) Tj ET Q q 0 0 0 rg BT 438.01 544.65 Td (emen) Tj ET Q q 0 0 0 rg BT 461.11 544.65 Td (t t) Tj ET Q q 0 0 0 rg BT 469.98 544.65 Td (o measur) Tj ET Q q 0 0 0 rg BT 507.78 544.65 Td (e and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 532.65 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 532.65 Td (ec) Tj ET Q q 0 0 0 rg BT 66.48 532.65 Td (ogniz) Tj ET Q q 0 0 0 rg BT 87.73 532.65 Td (e ine) Tj ET Q q 0 0 0 rg BT 107.40 532.65 Td (f) Tj ET Q q 0 0 0 rg BT 110.36 532.65 Td (f) Tj ET Q q 0 0 0 rg BT 113.16 532.65 Td (ectiv) Tj ET Q q 0 0 0 rg BT 132.43 532.65 Td (eness fundamen) Tj ET Q q 0 0 0 rg BT 199.44 532.65 Td (t) Tj ET Q q 0 0 0 rg BT 202.67 532.65 Td (ally; ho) Tj ET Q q 0 0 0 rg BT 232.00 532.65 Td (w) Tj ET Q q 0 0 0 rg BT 239.06 532.65 Td (e) Tj ET Q q 0 0 0 rg BT 243.99 532.65 Td (v) Tj ET Q q 0 0 0 rg BT 248.41 532.65 Td (er) Tj ET Q q 0 0 0 rg BT 256.01 532.65 Td (, mor) Tj ET Q q 0 0 0 rg BT 277.38 532.65 Td (e hedging s) Tj ET Q q 0 0 0 rg BT 323.13 532.65 Td (tr) Tj ET Q q 0 0 0 rg BT 329.76 532.65 Td (a) Tj ET Q q 0 0 0 rg BT 334.45 532.65 Td (t) Tj ET Q q 0 0 0 rg BT 337.70 532.65 Td (egies tha) Tj ET Q q 0 0 0 rg BT 374.12 532.65 Td (t ar) Tj ET Q q 0 0 0 rg BT 387.88 532.65 Td (e used f) Tj ET Q q 0 0 0 rg BT 419.61 532.65 Td (or risk manag) Tj ET Q q 0 0 0 rg BT 474.58 532.65 Td (emen) Tj ET Q q 0 0 0 rg BT 497.68 532.65 Td (t will qualif) Tj ET Q q 0 0 0 rg BT 542.57 532.65 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 520.65 Td (f) Tj ET Q q 0 0 0 rg BT 56.84 520.65 Td (or hedg) Tj ET Q q 0 0 0 rg BT 87.97 520.65 Td (e acc) Tj ET Q q 0 0 0 rg BT 108.37 520.65 Td (oun) Tj ET Q q 0 0 0 rg BT 124.06 520.65 Td (ting.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 502.65 Td (IFR) Tj ET Q q 0 0 0 rg BT 66.41 502.65 Td (S 9 has been de) Tj ET Q q 0 0 0 rg BT 129.67 502.65 Td (f) Tj ET Q q 0 0 0 rg BT 132.48 502.65 Td (err) Tj ET Q q 0 0 0 rg BT 144.29 502.65 Td (ed and will be e) Tj ET Q q 0 0 0 rg BT 208.01 502.65 Td (f) Tj ET Q q 0 0 0 rg BT 210.97 502.65 Td (f) Tj ET Q q 0 0 0 rg BT 213.77 502.65 Td (ectiv) Tj ET Q q 0 0 0 rg BT 233.04 502.65 Td (e no earlier than annual periods beginning on or a) Tj ET Q q 0 0 0 rg BT 435.94 502.65 Td (ft) Tj ET Q q 0 0 0 rg BT 442.23 502.65 Td (er Januar) Tj ET Q q 0 0 0 rg BT 479.77 502.65 Td (y 1, 2017. The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 490.65 Td (IASB t) Tj ET Q q 0 0 0 rg BT 77.84 490.65 Td (en) Tj ET Q q 0 0 0 rg BT 87.98 490.65 Td (t) Tj ET Q q 0 0 0 rg BT 91.21 490.65 Td (a) Tj ET Q q 0 0 0 rg BT 95.90 490.65 Td (tiv) Tj ET Q q 0 0 0 rg BT 105.97 490.65 Td (ely decided t) Tj ET Q q 0 0 0 rg BT 157.77 490.65 Td (o se) Tj ET Q q 0 0 0 rg BT 174.14 490.65 Td (t Januar) Tj ET Q q 0 0 0 rg BT 206.56 490.65 Td (y 1, 2018 as the e) Tj ET Q q 0 0 0 rg BT 277.40 490.65 Td (f) Tj ET Q q 0 0 0 rg BT 280.35 490.65 Td (f) Tj ET Q q 0 0 0 rg BT 283.16 490.65 Td (ectiv) Tj ET Q q 0 0 0 rg BT 302.42 490.65 Td (e da) Tj ET Q q 0 0 0 rg BT 319.61 490.65 Td (t) Tj ET Q q 0 0 0 rg BT 322.85 490.65 Td (e f) Tj ET Q q 0 0 0 rg BT 332.93 490.65 Td (or the manda) Tj ET Q q 0 0 0 rg BT 387.77 490.65 Td (t) Tj ET Q q 0 0 0 rg BT 391.03 490.65 Td (or) Tj ET Q q 0 0 0 rg BT 399.83 490.65 Td (y applic) Tj ET Q q 0 0 0 rg BT 430.66 490.65 Td (a) Tj ET Q q 0 0 0 rg BT 435.35 490.65 Td (tion of IFR) Tj ET Q q 0 0 0 rg BT 476.78 490.65 Td (S 9. E) Tj ET Q q 0 0 0 rg BT 498.21 490.65 Td (arlier ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 478.65 Td (adop) Tj ET Q q 0 0 0 rg BT 74.53 478.65 Td (tion is permit) Tj ET Q q 0 0 0 rg BT 128.63 478.65 Td (t) Tj ET Q q 0 0 0 rg BT 131.88 478.65 Td (ed. The Compan) Tj ET Q q 0 0 0 rg BT 197.96 478.65 Td (y is in the pr) Tj ET Q q 0 0 0 rg BT 247.44 478.65 Td (ocess of assessing the impact of IFR) Tj ET Q q 0 0 0 rg BT 391.52 478.65 Td (S 9 on its c) Tj ET Q q 0 0 0 rg BT 434.45 478.65 Td (onsolida) Tj ET Q q 0 0 0 rg BT 468.71 478.65 Td (t) Tj ET Q q 0 0 0 rg BT 471.95 478.65 Td (ed financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 466.65 Td (s) Tj ET Q q 0 0 0 rg BT 57.80 466.65 Td (t) Tj ET Q q 0 0 0 rg BT 61.03 466.65 Td (a) Tj ET Q q 0 0 0 rg BT 65.72 466.65 Td (t) Tj ET Q q 0 0 0 rg BT 68.97 466.65 Td (emen) Tj ET Q q 0 0 0 rg BT 92.07 466.65 Td (ts. ) Tj ET Q BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 440.85 Td ( ) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.17 440.85 Td (5) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.26 440.85 Td (. INVE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.09 440.85 Td (S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.57 440.85 Td (TMENT PR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.08 440.85 Td (OPER) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.58 440.85 Td (TIE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.93 440.85 Td (S) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 413.95 Td (\(a\) Activity) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 403.45000000000005 m 199.5 403.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 403.45000000000005 m 258.5 403.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 199.5 390.45000000000005 m 258.5 390.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 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l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 390.45000000000005 m 498.5 390.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 369.45000000000005 m 498.5 369.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 390.45000000000005 m 558.5 390.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 369.45000000000005 m 558.5 369.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 263.45000000000005 m 318.5 263.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318.5 263.45000000000005 m 377.5 263.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 263.45000000000005 m 199.5 263.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 249.45000000000005 m 199.5 249.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 199.5 263.45000000000005 m 258.5 263.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 249.45000000000005 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560.5 489.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 693.00 Td (\(unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.40 693.00 Td (December 31, 2013) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 672.00 Td (\(thousands of Canadian dollars\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 207.60 672.00 Td (Central Region) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 265.75 672.00 Td (Eastern Region) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.55 672.00 Td (Western Region) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.30 672.00 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.65 680.00 Td (Shopping) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.15 672.00 Td (Cen) Tj ET Q q 0 0 0 rg BT 482.52 672.00 Td (tr) Tj ET Q q 0 0 0 rg BT 487.89 672.00 Td (es) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.15 680.00 Td (De) Tj ET Q q 0 0 0 rg BT 522.01 680.00 Td (v) Tj ET Q q 0 0 0 rg BT 525.55 680.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 554.29 680.00 Td (t) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.35 672.00 Td (Land) Tj ET Q BT /F4 6.00 Tf ET q 0 0 0 rg BT 208.30 658.50 Td (\(Restated Note 3\)) Tj ET Q BT /F4 6.00 Tf ET q 0 0 0 rg BT 267.30 658.50 Td (\(Restated Note 3\)) Tj ET Q BT /F4 6.00 Tf ET q 0 0 0 rg BT 326.30 658.50 Td (\(Restated Note 3\)) Tj ET Q BT /F4 6.00 Tf ET q 0 0 0 rg BT 385.30 658.50 Td (\(Restated Note 3\)) Tj ET Q BT /F4 6.00 Tf ET q 0 0 0 rg BT 448.30 658.50 Td (\(Restated Note 3\)) Tj ET Q BT /F4 6.00 Tf ET q 0 0 0 rg BT 510.30 658.50 Td (\(Restated Note 3\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 645.25 Td (Balance at beginning of year) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 201.00 645.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 218.20 645.25 Td (2,975,141) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 261.00 645.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 277.80 645.25 Td (1,588,179) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.00 645.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.80 645.25 Td (2,413,163) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.00 645.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.80 645.25 Td (6,976,483) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 645.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.80 645.25 Td (6,849,078) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 645.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.60 645.25 Td (127,405) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 632.25 Td (Acquisitions) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 225.00 632.25 Td (130,481) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.15 632.25 Td (24,090) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.15 632.25 Td (70,094) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.60 632.25 Td (224,665) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.60 632.25 Td (188,224) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.15 632.25 Td (36,441) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 619.25 Td (Capital expenditures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 229.50 619.25 Td (89,397) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.60 619.25 Td (107,124) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.15 619.25 Td (70,005) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.60 619.25 Td (266,526) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.60 619.25 Td (254,804) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.15 619.25 Td (11,722) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 606.25 Td (Dispositions) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.85 606.25 Td (\(93,231) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.65 606.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 286.45 606.25 Td (\(92,401) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.25 606.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.45 606.25 Td (\(56,559) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.25 606.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.90 606.25 Td (\(242,191) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.25 606.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.90 606.25 Td (\(232,486) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.25 606.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.00 606.25 Td (\(9,705) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.25 606.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 593.25 Td (Reclassifications between shopping) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 584.25 Td (centres and development land) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 246.50 586.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.10 586.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.10 586.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.10 586.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.75 586.25 Td (1,528) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.00 586.25 Td (\(1,528) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.25 586.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 572.25 Td (Increase in value of investment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 563.25 Td (properties, net) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 229.50 565.25 Td (37,583) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.75 565.25 Td (9,818) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.15 565.25 Td (13,432) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.15 565.25 Td (60,833) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.15 565.25 Td (59,125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.75 565.25 Td (1,708) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 551.25 Td (Straight-line rent and other changes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 234.15 551.25 Td (1,933) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.75 551.25 Td (2,352) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.75 551.25 Td (1,450) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.75 551.25 Td (5,735) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.75 551.25 Td (5,735) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.10 551.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 537.25 Td (Balance at end of year) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 201.00 537.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 218.20 537.25 Td (3,141,304) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 261.00 537.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 277.80 537.25 Td (1,639,162) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.00 537.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.80 537.25 Td (2,511,585) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.00 537.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.80 537.25 Td (7,292,051) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 537.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.80 537.25 Td (7,126,008) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 537.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.60 537.25 Td (166,043) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 523.25 Td (In) Tj ET Q q 0 0 0 rg BT 63.85 523.25 Td (v) Tj ET Q q 0 0 0 rg BT 67.82 523.25 Td (es) Tj ET Q q 0 0 0 rg BT 75.72 523.25 Td (tmen) Tj ET Q q 0 0 0 rg BT 95.05 523.25 Td (t pr) Tj ET Q q 0 0 0 rg BT 107.82 523.25 Td (operties non-curr) Tj ET Q q 0 0 0 rg BT 178.19 523.25 Td (en) Tj ET Q q 0 0 0 rg BT 187.31 523.25 Td (t) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 523.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.80 523.25 Td (6,989,055) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 523.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.60 523.25 Td (147,497) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 509.25 Td (Investment properties classified as held for sale) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.60 509.25 Td (136,953) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.15 509.25 Td (18,546) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 494.25 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 494.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.80 494.25 Td (7,126,008) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 494.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.60 494.25 Td (166,043) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 469.00 Td (In) Tj ET Q q 0 0 0 rg BT 61.61 469.00 Td (v) Tj ET Q q 0 0 0 rg BT 66.03 469.00 Td (es) Tj ET Q q 0 0 0 rg BT 74.80 469.00 Td (tmen) Tj ET Q q 0 0 0 rg BT 96.28 469.00 Td (t pr) Tj ET Q q 0 0 0 rg BT 110.46 469.00 Td (operties with a f) Tj ET Q q 0 0 0 rg BT 176.46 469.00 Td (air v) Tj ET Q q 0 0 0 rg BT 193.66 469.00 Td (alue of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 223.82 469.00 Td ($2.7 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 268.78 469.00 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 274.07 469.00 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 353.53 469.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 363.03 469.00 Td ($3.0 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 407.98 469.00 Td (\) ar) Tj ET Q q 0 0 0 rg BT 421.42 469.00 Td (e pledg) Tj ET Q q 0 0 0 rg BT 451.06 469.00 Td (ed as security f) Tj ET Q q 0 0 0 rg BT 511.64 469.00 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 522.66 469.00 Td ($1.2 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 457.00 Td (billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 78.96 457.00 Td ( in mortg) Tj ET Q q 0 0 0 rg BT 115.65 457.00 Td (ag) Tj ET Q q 0 0 0 rg BT 125.06 457.00 Td (es and cr) Tj ET Q q 0 0 0 rg BT 161.35 457.00 Td (edit f) Tj ET Q q 0 0 0 rg BT 182.34 457.00 Td (acilities.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 430.15 Td (\(b\) In) Tj ET Q q 0 0 0 rg BT 80.10 430.15 Td (v) Tj ET Q q 0 0 0 rg BT 85.66 430.15 Td (es) Tj ET Q q 0 0 0 rg BT 96.36 430.15 Td (tmen) Tj ET Q q 0 0 0 rg BT 122.65 430.15 Td (t pr) Tj ET Q q 0 0 0 rg BT 140.08 430.15 Td (operty v) Tj ET Q q 0 0 0 rg BT 181.34 430.15 Td (alua) Tj ET Q q 0 0 0 rg BT 202.46 430.15 Td (tion) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 54.00 412.75 Td (V) Tj ET Q q 0 0 0 rg BT 59.42 412.75 Td (aluation me) Tj ET Q q 0 0 0 rg BT 109.32 412.75 Td (thod) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 397.75 Td (In) Tj ET Q q 0 0 0 rg BT 61.61 397.75 Td (v) Tj ET Q q 0 0 0 rg BT 66.03 397.75 Td (es) Tj ET Q q 0 0 0 rg BT 74.80 397.75 Td (tmen) Tj ET Q q 0 0 0 rg BT 96.28 397.75 Td (t pr) Tj ET Q q 0 0 0 rg BT 110.46 397.75 Td (operties ar) Tj ET Q q 0 0 0 rg BT 154.39 397.75 Td (e r) Tj ET Q q 0 0 0 rg BT 164.98 397.75 Td (ec) Tj ET Q q 0 0 0 rg BT 174.10 397.75 Td (or) Tj ET Q q 0 0 0 rg BT 182.73 397.75 Td (ded a) Tj ET Q q 0 0 0 rg BT 205.17 397.75 Td (t f) Tj ET Q q 0 0 0 rg BT 213.63 397.75 Td (air v) Tj ET Q q 0 0 0 rg BT 230.84 397.75 Td (alue, which r) Tj ET Q q 0 0 0 rg BT 282.70 397.75 Td (e) Tj ET Q q 0 0 0 rg BT 287.59 397.75 Td (flects curr) Tj ET Q q 0 0 0 rg BT 327.98 397.75 Td (en) Tj ET Q q 0 0 0 rg BT 338.12 397.75 Td (t mark) Tj ET Q q 0 0 0 rg BT 364.22 397.75 Td (e) Tj ET Q q 0 0 0 rg BT 369.14 397.75 Td (t c) Tj ET Q q 0 0 0 rg BT 378.90 397.75 Td (onditions, a) Tj ET Q q 0 0 0 rg BT 426.51 397.75 Td (t each balance shee) Tj ET Q q 0 0 0 rg BT 506.54 397.75 Td (t da) Tj ET Q q 0 0 0 rg BT 522.10 397.75 Td (t) Tj ET Q q 0 0 0 rg BT 525.34 397.75 Td (e. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 385.75 Td (Gains and losses fr) Tj ET Q q 0 0 0 rg BT 129.29 385.75 Td (om chang) Tj ET Q q 0 0 0 rg BT 168.97 385.75 Td (es in f) Tj ET Q q 0 0 0 rg BT 192.78 385.75 Td (air v) Tj ET Q q 0 0 0 rg BT 209.98 385.75 Td (alues ar) Tj ET Q q 0 0 0 rg BT 241.61 385.75 Td (e r) Tj ET Q q 0 0 0 rg BT 252.20 385.75 Td (ec) Tj ET Q q 0 0 0 rg BT 261.32 385.75 Td (or) Tj ET Q q 0 0 0 rg BT 269.95 385.75 Td (ded in ne) Tj ET Q q 0 0 0 rg BT 307.68 385.75 Td (t inc) Tj ET Q q 0 0 0 rg BT 324.98 385.75 Td (ome in the period in which the) Tj ET Q q 0 0 0 rg BT 449.69 385.75 Td (y arise.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 367.75 Td (The de) Tj ET Q q 0 0 0 rg BT 81.54 367.75 Td (t) Tj ET Q q 0 0 0 rg BT 84.78 367.75 Td (ermina) Tj ET Q q 0 0 0 rg BT 113.48 367.75 Td (tion of f) Tj ET Q q 0 0 0 rg BT 145.35 367.75 Td (air v) Tj ET Q q 0 0 0 rg BT 162.55 367.75 Td (alues r) Tj ET Q q 0 0 0 rg BT 189.40 367.75 Td (equir) Tj ET Q q 0 0 0 rg BT 210.53 367.75 Td (es manag) Tj ET Q q 0 0 0 rg BT 249.12 367.75 Td (emen) Tj ET Q q 0 0 0 rg BT 272.22 367.75 Td (t t) Tj ET Q q 0 0 0 rg BT 281.08 367.75 Td (o mak) Tj ET Q q 0 0 0 rg BT 305.62 367.75 Td (e es) Tj ET Q q 0 0 0 rg BT 321.63 367.75 Td (tima) Tj ET Q q 0 0 0 rg BT 339.96 367.75 Td (t) Tj ET Q q 0 0 0 rg BT 343.20 367.75 Td (es and assump) Tj ET Q q 0 0 0 rg BT 402.97 367.75 Td (tions tha) Tj ET Q q 0 0 0 rg BT 438.62 367.75 Td (t a) Tj ET Q q 0 0 0 rg BT 448.96 367.75 Td (f) Tj ET Q q 0 0 0 rg BT 451.92 367.75 Td (f) Tj ET Q q 0 0 0 rg BT 454.72 367.75 Td (ect the v) Tj ET Q q 0 0 0 rg BT 489.74 367.75 Td (alues ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 355.75 Td (pr) Tj ET Q q 0 0 0 rg BT 62.61 355.75 Td (esen) Tj ET Q q 0 0 0 rg BT 81.63 355.75 Td (t) Tj ET Q q 0 0 0 rg BT 84.87 355.75 Td (ed, such tha) Tj ET Q q 0 0 0 rg BT 134.07 355.75 Td (t actual v) Tj ET Q q 0 0 0 rg BT 171.02 355.75 Td (alues in sales tr) Tj ET Q q 0 0 0 rg BT 233.09 355.75 Td (ansactions ma) Tj ET Q q 0 0 0 rg BT 291.00 355.75 Td (y dif) Tj ET Q q 0 0 0 rg BT 308.29 355.75 Td (f) Tj ET Q q 0 0 0 rg BT 311.09 355.75 Td (er fr) Tj ET Q q 0 0 0 rg BT 328.19 355.75 Td (om those pr) Tj ET Q q 0 0 0 rg BT 377.34 355.75 Td (esen) Tj ET Q q 0 0 0 rg BT 396.37 355.75 Td (t) Tj ET Q q 0 0 0 rg BT 399.61 355.75 Td (ed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 337.75 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 337.75 Td (y has thr) Tj ET Q q 0 0 0 rg BT 140.03 337.75 Td (ee appr) Tj ET Q q 0 0 0 rg BT 170.87 337.75 Td (oaches t) Tj ET Q q 0 0 0 rg BT 204.81 337.75 Td (o de) Tj ET Q q 0 0 0 rg BT 222.52 337.75 Td (t) Tj ET Q q 0 0 0 rg BT 225.76 337.75 Td (ermine the f) Tj ET Q q 0 0 0 rg BT 275.69 337.75 Td (air v) Tj ET Q q 0 0 0 rg BT 292.90 337.75 Td (alue of an in) Tj ET Q q 0 0 0 rg BT 342.75 337.75 Td (v) Tj ET Q q 0 0 0 rg BT 347.16 337.75 Td (es) Tj ET Q q 0 0 0 rg BT 355.94 337.75 Td (tmen) Tj ET Q q 0 0 0 rg BT 377.41 337.75 Td (t pr) Tj ET Q q 0 0 0 rg BT 391.60 337.75 Td (operty a) Tj ET Q q 0 0 0 rg BT 425.43 337.75 Td (t the end of each r) Tj ET Q q 0 0 0 rg BT 500.07 337.75 Td (eporting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 325.75 Td (period:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 313.75 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.59 313.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 313.75 Td (Ex) Tj ET Q q 0 0 0 rg BT 72.24 313.75 Td (t) Tj ET Q q 0 0 0 rg BT 75.49 313.75 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 117.13 313.75 Td (aisals b) Tj ET Q q 0 0 0 rg BT 153.83 313.75 Td (y an independen) Tj ET Q q 0 0 0 rg BT 221.57 313.75 Td (t na) Tj ET Q q 0 0 0 rg BT 237.13 313.75 Td (tional appr) Tj ET Q q 0 0 0 rg BT 281.23 313.75 Td (aisal firm, acc) Tj ET Q q 0 0 0 rg BT 336.31 313.75 Td (or) Tj ET Q q 0 0 0 rg BT 344.93 313.75 Td (ding t) Tj ET Q q 0 0 0 rg BT 367.96 313.75 Td (o pr) Tj ET Q q 0 0 0 rg BT 384.07 313.75 Td (of) Tj ET Q q 0 0 0 rg BT 392.15 313.75 Td (essional appr) Tj ET Q q 0 0 0 rg BT 445.69 313.75 Td (aisal s) Tj ET Q q 0 0 0 rg BT 469.83 313.75 Td (t) Tj ET Q q 0 0 0 rg BT 473.06 313.75 Td (andar) Tj ET Q q 0 0 0 rg BT 496.50 313.75 Td (ds and IFR) Tj ET Q q 0 0 0 rg BT 537.89 313.75 Td (S. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 301.75 Td (On an annual basis, the Compan) Tj ET Q q 0 0 0 rg BT 193.80 301.75 Td (y has a minimum thr) Tj ET Q q 0 0 0 rg BT 277.14 301.75 Td (eshold of appr) Tj ET Q q 0 0 0 rg BT 335.57 301.75 Td (o) Tj ET Q q 0 0 0 rg BT 340.65 301.75 Td (xima) Tj ET Q q 0 0 0 rg BT 359.96 301.75 Td (t) Tj ET Q q 0 0 0 rg BT 363.20 301.75 Td (ely 25% \(as measur) Tj ET Q q 0 0 0 rg BT 441.07 301.75 Td (ed b) Tj ET Q q 0 0 0 rg BT 458.77 301.75 Td (y f) Tj ET Q q 0 0 0 rg BT 468.41 301.75 Td (air v) Tj ET Q q 0 0 0 rg BT 485.61 301.75 Td (alue\) of the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 289.75 Td (pr) Tj ET Q q 0 0 0 rg BT 71.58 289.75 Td (operty portf) Tj ET Q q 0 0 0 rg BT 120.91 289.75 Td (olio r) Tj ET Q q 0 0 0 rg BT 141.66 289.75 Td (equiring e) Tj ET Q q 0 0 0 rg BT 182.27 289.75 Td (x) Tj ET Q q 0 0 0 rg BT 186.63 289.75 Td (t) Tj ET Q q 0 0 0 rg BT 189.87 289.75 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 231.51 289.75 Td (aisal. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 277.75 Td (2.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.59 277.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 277.75 Td (In) Tj ET Q q 0 0 0 rg BT 70.68 277.75 Td (t) Tj ET Q q 0 0 0 rg BT 73.92 277.75 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 115.56 277.75 Td (aisals b) Tj ET Q q 0 0 0 rg BT 152.26 277.75 Td (y certified s) Tj ET Q q 0 0 0 rg BT 199.02 277.75 Td (t) Tj ET Q q 0 0 0 rg BT 202.25 277.75 Td (a) Tj ET Q q 0 0 0 rg BT 206.98 277.75 Td (f) Tj ET Q q 0 0 0 rg BT 209.93 277.75 Td (f appr) Tj ET Q q 0 0 0 rg BT 233.83 277.75 Td (aiser) Tj ET Q q 0 0 0 rg BT 253.11 277.75 Td (s emplo) Tj ET Q q 0 0 0 rg BT 285.02 277.75 Td (y) Tj ET Q q 0 0 0 rg BT 289.42 277.75 Td (ed b) Tj ET Q q 0 0 0 rg BT 307.12 277.75 Td (y the Compan) Tj ET Q q 0 0 0 rg BT 363.45 277.75 Td (y) Tj ET Q q 0 0 0 rg BT 367.26 277.75 Td (, acc) Tj ET Q q 0 0 0 rg BT 385.18 277.75 Td (or) Tj ET Q q 0 0 0 rg BT 393.81 277.75 Td (ding t) Tj ET Q q 0 0 0 rg BT 416.83 277.75 Td (o pr) Tj ET Q q 0 0 0 rg BT 432.94 277.75 Td (of) Tj ET Q q 0 0 0 rg BT 441.02 277.75 Td (essional appr) Tj ET Q q 0 0 0 rg BT 494.56 277.75 Td (aisal ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 265.75 Td (s) Tj ET Q q 0 0 0 rg BT 66.80 265.75 Td (t) Tj ET Q q 0 0 0 rg BT 70.03 265.75 Td (andar) Tj ET Q q 0 0 0 rg BT 93.46 265.75 Td (ds and IFR) Tj ET Q q 0 0 0 rg BT 134.86 265.75 Td (S.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 253.75 Td (3.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.59 253.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 253.75 Td (V) Tj ET Q q 0 0 0 rg BT 68.12 253.75 Td (alue upda) Tj ET Q q 0 0 0 rg BT 108.15 253.75 Td (t) Tj ET Q q 0 0 0 rg BT 111.39 253.75 Td (es primarily c) Tj ET Q q 0 0 0 rg BT 172.60 253.75 Td (onsis) Tj ET Q q 0 0 0 rg BT 193.14 253.75 Td (ting of manag) Tj ET Q q 0 0 0 rg BT 249.04 253.75 Td (emen) Tj ET Q q 0 0 0 rg BT 272.14 253.75 Td (t r) Tj ET Q q 0 0 0 rg BT 281.10 253.75 Td (e) Tj ET Q q 0 0 0 rg BT 286.03 253.75 Td (vie) Tj ET Q q 0 0 0 rg BT 297.77 253.75 Td (w of the k) Tj ET Q q 0 0 0 rg BT 337.82 253.75 Td (e) Tj ET Q q 0 0 0 rg BT 342.74 253.75 Td (y assump) Tj ET Q q 0 0 0 rg BT 380.59 253.75 Td (tions fr) Tj ET Q q 0 0 0 rg BT 409.31 253.75 Td (om pr) Tj ET Q q 0 0 0 rg BT 433.44 253.75 Td (e) Tj ET Q q 0 0 0 rg BT 438.37 253.75 Td (vious appr) Tj ET Q q 0 0 0 rg BT 480.46 253.75 Td (aisals and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 241.75 Td (upda) Tj ET Q q 0 0 0 rg BT 83.46 241.75 Td (ting the v) Tj ET Q q 0 0 0 rg BT 121.54 241.75 Td (alue f) Tj ET Q q 0 0 0 rg BT 143.95 241.75 Td (or chang) Tj ET Q q 0 0 0 rg BT 179.12 241.75 Td (es in the pr) Tj ET Q q 0 0 0 rg BT 224.50 241.75 Td (operty c) Tj ET Q q 0 0 0 rg BT 257.77 241.75 Td (ash flo) Tj ET Q q 0 0 0 rg BT 284.57 241.75 Td (w) Tj ET Q q 0 0 0 rg BT 290.86 241.75 Td (, ph) Tj ET Q q 0 0 0 rg BT 305.93 241.75 Td (y) Tj ET Q q 0 0 0 rg BT 310.37 241.75 Td (sic) Tj ET Q q 0 0 0 rg BT 320.72 241.75 Td (al c) Tj ET Q q 0 0 0 rg BT 334.21 241.75 Td (ondition and chang) Tj ET Q q 0 0 0 rg BT 412.43 241.75 Td (es in mark) Tj ET Q q 0 0 0 rg BT 453.87 241.75 Td (e) Tj ET Q q 0 0 0 rg BT 458.80 241.75 Td (t c) Tj ET Q q 0 0 0 rg BT 468.55 241.75 Td (onditions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 223.75 Td (The selection of the appr) Tj ET Q q 0 0 0 rg BT 155.23 223.75 Td (oach f) Tj ET Q q 0 0 0 rg BT 179.88 223.75 Td (or each pr) Tj ET Q q 0 0 0 rg BT 220.99 223.75 Td (operty is made based upon the f) Tj ET Q q 0 0 0 rg BT 352.27 223.75 Td (ollo) Tj ET Q q 0 0 0 rg BT 367.37 223.75 Td (wing crit) Tj ET Q q 0 0 0 rg BT 402.29 223.75 Td (eria:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 211.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.98 211.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 211.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 71.49 211.75 Td (operty type this includes an e) Tj ET Q q 0 0 0 rg BT 198.25 211.75 Td (v) Tj ET Q q 0 0 0 rg BT 202.62 211.75 Td (alua) Tj ET Q q 0 0 0 rg BT 219.66 211.75 Td (tion of a pr) Tj ET Q q 0 0 0 rg BT 264.31 211.75 Td (operty's c) Tj ET Q q 0 0 0 rg BT 303.70 211.75 Td (omple) Tj ET Q q 0 0 0 rg BT 329.33 211.75 Td (xity) Tj ET Q q 0 0 0 rg BT 343.12 211.75 Td (, s) Tj ET Q q 0 0 0 rg BT 351.68 211.75 Td (t) Tj ET Q q 0 0 0 rg BT 354.90 211.75 Td (ag) Tj ET Q q 0 0 0 rg BT 364.32 211.75 Td (e of de) Tj ET Q q 0 0 0 rg BT 392.32 211.75 Td (v) Tj ET Q q 0 0 0 rg BT 396.74 211.75 Td (elopmen) Tj ET Q q 0 0 0 rg BT 432.66 211.75 Td (t, time since acquisition, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 199.75 Td (other specific opportunities or risk) Tj ET Q q 0 0 0 rg BT 202.75 199.75 Td (s associa) Tj ET Q q 0 0 0 rg BT 238.03 199.75 Td (t) Tj ET Q q 0 0 0 rg BT 241.27 199.75 Td (ed with the pr) Tj ET Q q 0 0 0 rg BT 298.49 199.75 Td (operty) Tj ET Q q 0 0 0 rg BT 324.69 199.75 Td (. St) Tj ET Q q 0 0 0 rg BT 337.30 199.75 Td (able pr) Tj ET Q q 0 0 0 rg BT 365.46 199.75 Td (operties and r) Tj ET Q q 0 0 0 rg BT 422.15 199.75 Td (ecen) Tj ET Q q 0 0 0 rg BT 441.49 199.75 Td (tly acquir) Tj ET Q q 0 0 0 rg BT 479.10 199.75 Td (ed pr) Tj ET Q q 0 0 0 rg BT 500.17 199.75 Td (operties ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 187.75 Td (will g) Tj ET Q q 0 0 0 rg BT 83.92 187.75 Td (ener) Tj ET Q q 0 0 0 rg BT 102.40 187.75 Td (ally r) Tj ET Q q 0 0 0 rg BT 121.93 187.75 Td (eceiv) Tj ET Q q 0 0 0 rg BT 142.82 187.75 Td (e a v) Tj ET Q q 0 0 0 rg BT 161.48 187.75 Td (alue upda) Tj ET Q q 0 0 0 rg BT 201.51 187.75 Td (t) Tj ET Q q 0 0 0 rg BT 204.75 187.75 Td (e, while pr) Tj ET Q q 0 0 0 rg BT 247.29 187.75 Td (operties under de) Tj ET Q q 0 0 0 rg BT 319.74 187.75 Td (v) Tj ET Q q 0 0 0 rg BT 324.16 187.75 Td (elopmen) Tj ET Q q 0 0 0 rg BT 360.08 187.75 Td (t will typic) Tj ET Q q 0 0 0 rg BT 401.55 187.75 Td (ally be v) Tj ET Q q 0 0 0 rg BT 434.58 187.75 Td (alued using in) Tj ET Q q 0 0 0 rg BT 490.55 187.75 Td (t) Tj ET Q q 0 0 0 rg BT 493.79 187.75 Td (ernal or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 175.75 Td (e) Tj ET Q q 0 0 0 rg BT 67.82 175.75 Td (x) Tj ET Q q 0 0 0 rg BT 72.18 175.75 Td (t) Tj ET Q q 0 0 0 rg BT 75.43 175.75 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 117.07 175.75 Td (aisals un) Tj ET Q q 0 0 0 rg BT 151.74 175.75 Td (til c) Tj ET Q q 0 0 0 rg BT 166.08 175.75 Td (omple) Tj ET Q q 0 0 0 rg BT 191.81 175.75 Td (tion.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 163.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.98 163.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 163.75 Td (Mark) Tj ET Q q 0 0 0 rg BT 84.05 163.75 Td (e) Tj ET Q q 0 0 0 rg BT 88.97 163.75 Td (t risk) Tj ET Q q 0 0 0 rg BT 108.73 163.75 Td (s specific risk) Tj ET Q q 0 0 0 rg BT 168.79 163.75 Td (s in a r) Tj ET Q q 0 0 0 rg BT 195.17 163.75 Td (egion or a tr) Tj ET Q q 0 0 0 rg BT 244.64 163.75 Td (ade ar) Tj ET Q q 0 0 0 rg BT 270.07 163.75 Td (ea ma) Tj ET Q q 0 0 0 rg BT 294.68 163.75 Td (y w) Tj ET Q q 0 0 0 rg BT 308.51 163.75 Td (arr) Tj ET Q q 0 0 0 rg BT 320.07 163.75 Td (an) Tj ET Q q 0 0 0 rg BT 330.02 163.75 Td (t a full in) Tj ET Q q 0 0 0 rg BT 365.29 163.75 Td (t) Tj ET Q q 0 0 0 rg BT 368.53 163.75 Td (ernal or e) Tj ET Q q 0 0 0 rg BT 407.44 163.75 Td (x) Tj ET Q q 0 0 0 rg BT 411.80 163.75 Td (t) Tj ET Q q 0 0 0 rg BT 415.04 163.75 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 456.68 163.75 Td (aisal f) Tj ET Q q 0 0 0 rg BT 479.87 163.75 Td (or cert) Tj ET Q q 0 0 0 rg BT 506.80 163.75 Td (ain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 151.75 Td (pr) Tj ET Q q 0 0 0 rg BT 71.58 151.75 Td (operties.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 139.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.98 139.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 139.75 Td (Chang) Tj ET Q q 0 0 0 rg BT 88.25 139.75 Td (es in o) Tj ET Q q 0 0 0 rg BT 114.44 139.75 Td (v) Tj ET Q q 0 0 0 rg BT 118.86 139.75 Td (er) Tj ET Q q 0 0 0 rg BT 127.12 139.75 Td (all ec) Tj ET Q q 0 0 0 rg BT 147.88 139.75 Td (onomic c) Tj ET Q q 0 0 0 rg BT 184.60 139.75 Td (onditions signific) Tj ET Q q 0 0 0 rg BT 260.21 139.75 Td (an) Tj ET Q q 0 0 0 rg BT 270.16 139.75 Td (t chang) Tj ET Q q 0 0 0 rg BT 299.92 139.75 Td (es in o) Tj ET Q q 0 0 0 rg BT 326.11 139.75 Td (v) Tj ET Q q 0 0 0 rg BT 330.53 139.75 Td (er) Tj ET Q q 0 0 0 rg BT 338.79 139.75 Td (all ec) Tj ET Q q 0 0 0 rg BT 359.55 139.75 Td (onomic c) Tj ET Q q 0 0 0 rg BT 396.27 139.75 Td (onditions ma) Tj ET Q q 0 0 0 rg BT 449.28 139.75 Td (y incr) Tj ET Q q 0 0 0 rg BT 471.20 139.75 Td (ease the number ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 127.75 Td (of e) Tj ET Q q 0 0 0 rg BT 78.41 127.75 Td (x) Tj ET Q q 0 0 0 rg BT 82.77 127.75 Td (t) Tj ET Q q 0 0 0 rg BT 86.01 127.75 Td (ernal or in) Tj ET Q q 0 0 0 rg BT 127.55 127.75 Td (t) Tj ET Q q 0 0 0 rg BT 130.79 127.75 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 172.43 127.75 Td (aisals perf) Tj ET Q q 0 0 0 rg BT 213.24 127.75 Td (ormed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 115.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.98 115.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 115.75 Td (Business needs financings or acquisitions and dispositions ma) Tj ET Q q 0 0 0 rg BT 319.46 115.75 Td (y r) Tj ET Q q 0 0 0 rg BT 329.61 115.75 Td (equir) Tj ET Q q 0 0 0 rg BT 350.74 115.75 Td (e an e) Tj ET Q q 0 0 0 rg BT 375.10 115.75 Td (x) Tj ET Q q 0 0 0 rg BT 379.46 115.75 Td (t) Tj ET Q q 0 0 0 rg BT 382.71 115.75 Td (ernal appr) Tj ET Q q 0 0 0 rg BT 424.35 115.75 Td (aisal.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 97.75 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 97.75 Td (y mak) Tj ET Q q 0 0 0 rg BT 128.86 97.75 Td (es no adjus) Tj ET Q q 0 0 0 rg BT 174.28 97.75 Td (tmen) Tj ET Q q 0 0 0 rg BT 195.76 97.75 Td (ts f) Tj ET Q q 0 0 0 rg BT 208.12 97.75 Td (or portf) Tj ET Q q 0 0 0 rg BT 239.35 97.75 Td (olio pr) Tj ET Q q 0 0 0 rg BT 265.35 97.75 Td (emiums and disc) Tj ET Q q 0 0 0 rg BT 333.19 97.75 Td (oun) Tj ET Q q 0 0 0 rg BT 348.88 97.75 Td (ts, nor f) Tj ET Q q 0 0 0 rg BT 380.01 97.75 Td (or an) Tj ET Q q 0 0 0 rg BT 400.89 97.75 Td (y v) Tj ET Q q 0 0 0 rg BT 412.05 97.75 Td (alue a) Tj ET Q q 0 0 0 rg BT 436.32 97.75 Td (t) Tj ET Q q 0 0 0 rg BT 439.53 97.75 Td (tribut) Tj ET Q q 0 0 0 rg BT 462.39 97.75 Td (able t) Tj ET Q q 0 0 0 rg BT 485.22 97.75 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 85.75 Td (Compan) Tj ET Q q 0 0 0 rg BT 87.71 85.75 Td (y's manag) Tj ET Q q 0 0 0 rg BT 128.06 85.75 Td (emen) Tj ET Q q 0 0 0 rg BT 151.16 85.75 Td (t pla) Tj ET Q q 0 0 0 rg BT 169.01 85.75 Td (tf) Tj ET Q q 0 0 0 rg BT 175.21 85.75 Td (orm, as r) Tj ET Q q 0 0 0 rg BT 211.03 85.75 Td (equir) Tj ET Q q 0 0 0 rg BT 232.16 85.75 Td (ed b) Tj ET Q q 0 0 0 rg BT 249.85 85.75 Td (y IFR) Tj ET Q q 0 0 0 rg BT 269.05 85.75 Td (S.) 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 586.50 Td (The ) Tj ET Q q 0 0 0 rg BT 72.30 586.50 Td (primar) Tj ET Q q 0 0 0 rg BT 99.65 586.50 Td (y ) Tj ET Q q 0 0 0 rg BT 107.37 586.50 Td (me) Tj ET Q q 0 0 0 rg BT 120.28 586.50 Td (thod ) Tj ET Q q 0 0 0 rg BT 142.60 586.50 Td (of ) Tj ET Q q 0 0 0 rg BT 154.12 586.50 Td (appr) Tj ET Q q 0 0 0 rg BT 172.70 586.50 Td (aisal ) Tj ET Q q 0 0 0 rg BT 193.98 586.50 Td (f) Tj ET Q q 0 0 0 rg BT 196.82 586.50 Td (or ) Tj ET Q q 0 0 0 rg BT 208.77 586.50 Td (de) Tj ET Q q 0 0 0 rg BT 218.96 586.50 Td (v) Tj ET Q q 0 0 0 rg BT 223.37 586.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 259.30 586.50 Td (t ) Tj ET Q q 0 0 0 rg BT 265.84 586.50 Td (land ) Tj ET Q q 0 0 0 rg BT 286.63 586.50 Td (is ) Tj ET Q q 0 0 0 rg BT 296.03 586.50 Td (the ) Tj ET Q q 0 0 0 rg BT 312.80 586.50 Td (c) Tj ET Q q 0 0 0 rg BT 316.95 586.50 Td (ompar) Tj ET Q q 0 0 0 rg BT 343.54 586.50 Td (able ) Tj ET Q q 0 0 0 rg BT 364.05 586.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q q 0 0 0 rg BT 518.29 574.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 540.68 574.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 562.50 Td (per ) Tj ET Q q 0 0 0 rg BT 69.56 562.50 Td (squar) Tj ET Q q 0 0 0 rg BT 92.12 562.50 Td (e ) Tj ET Q q 0 0 0 rg BT 98.94 562.50 Td (f) Tj ET Q q 0 0 0 rg BT 101.79 562.50 Td (oot ) Tj ET Q q 0 0 0 rg BT 117.53 562.50 Td (buildable. ) Tj ET Q q 0 0 0 rg BT 159.56 562.50 Td (Such ) Tj ET Q q 0 0 0 rg BT 180.74 562.50 Td (v) Tj ET Q q 0 0 0 rg BT 185.11 562.50 Td (alues ) Tj ET Q q 0 0 0 rg BT 208.18 562.50 Td (ar) Tj ET Q q 0 0 0 rg BT 216.32 562.50 Td (e ) Tj ET Q q 0 0 0 rg BT 223.14 562.50 Td (applied ) Tj ET Q q 0 0 0 rg BT 255.11 562.50 Td (t) Tj ET Q q 0 0 0 rg BT 258.36 562.50 Td (o ) Tj ET Q q 0 0 0 rg BT 265.48 562.50 Td (the ) Tj ET Q q 0 0 0 rg BT 280.90 562.50 Td (Compan) Tj ET Q q 0 0 0 rg BT 314.61 562.50 Td (y) Tj ET Q q 0 0 0 rg BT 319.43 562.50 Td () Tj ET Q q 0 0 0 rg BT 321.32 562.50 Td (s ) Tj ET Q q 0 0 0 rg BT 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q 0 0 0 rg BT 272.90 532.50 Td (v) Tj ET Q q 0 0 0 rg BT 277.32 532.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 313.24 532.50 Td (t c) Tj ET Q q 0 0 0 rg BT 322.99 532.50 Td (os) Tj ET Q q 0 0 0 rg BT 332.07 532.50 Td (ts, including in) Tj ET Q q 0 0 0 rg BT 390.64 532.50 Td (t) Tj ET Q q 0 0 0 rg BT 393.88 532.50 Td (ernal de) Tj ET Q q 0 0 0 rg BT 427.12 532.50 Td (v) Tj ET Q q 0 0 0 rg BT 431.54 532.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 467.46 532.50 Td (t and incr) Tj ET Q q 0 0 0 rg BT 505.76 532.50 Td (emen) Tj ET Q q 0 0 0 rg BT 528.86 532.50 Td (t) Tj ET Q q 0 0 0 rg BT 532.09 532.50 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 520.50 Td (initial leasing c) Tj ET Q q 0 0 0 rg BT 113.47 520.50 Td (os) Tj ET Q q 0 0 0 rg BT 122.54 520.50 Td (ts, r) Tj ET Q q 0 0 0 rg BT 137.91 520.50 Td (ealty t) Tj ET Q q 0 0 0 rg BT 163.34 520.50 Td (a) Tj ET Q q 0 0 0 rg BT 168.03 520.50 Td (x) Tj ET Q q 0 0 0 rg BT 172.10 520.50 Td (es and borr) Tj ET Q q 0 0 0 rg BT 218.15 520.50 Td (o) Tj ET Q q 0 0 0 rg BT 223.38 520.50 Td (wing c) Tj ET Q q 0 0 0 rg BT 249.19 520.50 Td (os) Tj ET Q q 0 0 0 rg BT 258.26 520.50 Td (ts a) Tj ET Q q 0 0 0 rg BT 272.48 520.50 Td (t) Tj ET Q q 0 0 0 rg BT 275.69 520.50 Td (tribut) Tj ET Q q 0 0 0 rg BT 298.56 520.50 Td (able t) Tj ET Q q 0 0 0 rg BT 321.38 520.50 Td (o the de) Tj ET Q q 0 0 0 rg BT 354.94 520.50 Td (v) Tj ET Q q 0 0 0 rg BT 359.36 520.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 395.28 520.50 Td (t. Borr) Tj ET Q q 0 0 0 rg BT 420.94 520.50 Td (o) Tj ET Q q 0 0 0 rg BT 426.17 520.50 Td (wing c) Tj ET Q q 0 0 0 rg BT 451.98 520.50 Td (os) Tj ET Q q 0 0 0 rg BT 461.06 520.50 Td (ts associa) Tj ET Q q 0 0 0 rg BT 499.68 520.50 Td (t) Tj ET Q q 0 0 0 rg BT 502.93 520.50 Td (ed with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 508.50 Td (e) Tj ET Q q 0 0 0 rg BT 58.82 508.50 Td (xpenditur) Tj ET Q q 0 0 0 rg BT 98.15 508.50 Td (es on pr) Tj ET Q q 0 0 0 rg BT 130.66 508.50 Td (operties under de) Tj ET Q q 0 0 0 rg BT 203.11 508.50 Td (v) Tj ET Q q 0 0 0 rg BT 207.53 508.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 243.45 508.50 Td (t or r) Tj ET Q q 0 0 0 rg BT 263.43 508.50 Td (ede) Tj ET Q q 0 0 0 rg BT 278.59 508.50 Td (v) Tj ET Q q 0 0 0 rg BT 283.01 508.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 318.93 508.50 Td (t ar) Tj ET Q q 0 0 0 rg BT 332.69 508.50 Td (e c) Tj ET Q q 0 0 0 rg BT 344.07 508.50 Td (apit) Tj ET Q q 0 0 0 rg BT 359.63 508.50 Td (aliz) Tj ET Q q 0 0 0 rg BT 372.74 508.50 Td (ed. Borr) Tj ET Q q 0 0 0 rg BT 405.28 508.50 Td (o) Tj ET Q q 0 0 0 rg BT 410.51 508.50 Td (wing c) Tj ET Q q 0 0 0 rg BT 436.32 508.50 Td (os) Tj ET Q q 0 0 0 rg BT 445.40 508.50 Td (ts ar) Tj ET Q q 0 0 0 rg BT 463.06 508.50 Td (e also c) Tj ET Q q 0 0 0 rg BT 492.97 508.50 Td (apit) Tj ET Q q 0 0 0 rg BT 508.54 508.50 Td (aliz) Tj ET Q q 0 0 0 rg BT 521.65 508.50 Td (ed on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 496.50 Td (land or pr) Tj ET Q q 0 0 0 rg BT 93.45 496.50 Td (operties acquir) Tj ET Q q 0 0 0 rg BT 154.41 496.50 Td (ed specific) Tj ET Q q 0 0 0 rg BT 197.06 496.50 Td (ally f) Tj ET Q q 0 0 0 rg BT 216.07 496.50 Td (or de) Tj ET Q q 0 0 0 rg BT 237.27 496.50 Td (v) Tj ET Q q 0 0 0 rg BT 241.69 496.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 277.61 496.50 Td (t or r) Tj ET Q q 0 0 0 rg BT 297.59 496.50 Td (ede) Tj ET Q q 0 0 0 rg BT 312.75 496.50 Td (v) Tj ET Q q 0 0 0 rg BT 317.17 496.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 353.09 496.50 Td (t when activities necessar) Tj ET Q q 0 0 0 rg BT 457.44 496.50 Td (y t) Tj ET Q q 0 0 0 rg BT 467.48 496.50 Td (o pr) Tj ET Q q 0 0 0 rg BT 483.62 496.50 Td (epar) Tj ET Q q 0 0 0 rg BT 502.00 496.50 Td (e the asse) Tj ET Q q 0 0 0 rg BT 542.61 496.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 484.50 Td (f) Tj ET Q q 0 0 0 rg BT 56.84 484.50 Td (or de) Tj ET Q q 0 0 0 rg BT 78.04 484.50 Td (v) Tj ET Q q 0 0 0 rg BT 82.46 484.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 118.38 484.50 Td (t or r) Tj ET Q q 0 0 0 rg BT 138.37 484.50 Td (ede) Tj ET Q q 0 0 0 rg BT 153.53 484.50 Td (v) Tj ET Q q 0 0 0 rg BT 157.95 484.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 193.87 484.50 Td (t ar) Tj ET Q q 0 0 0 rg BT 207.62 484.50 Td (e in pr) Tj ET Q q 0 0 0 rg BT 233.25 484.50 Td (ogr) Tj ET Q q 0 0 0 rg BT 246.58 484.50 Td (ess. The amoun) Tj ET Q q 0 0 0 rg BT 310.00 484.50 Td (t of borr) Tj ET Q q 0 0 0 rg BT 343.53 484.50 Td (o) Tj ET Q q 0 0 0 rg BT 348.77 484.50 Td (wing c) Tj ET Q q 0 0 0 rg BT 374.58 484.50 Td (os) Tj ET Q q 0 0 0 rg BT 383.65 484.50 Td (ts c) Tj ET Q q 0 0 0 rg BT 397.32 484.50 Td (apit) Tj ET Q q 0 0 0 rg BT 412.88 484.50 Td (aliz) Tj ET Q q 0 0 0 rg BT 425.99 484.50 Td (ed is de) Tj ET Q q 0 0 0 rg BT 457.12 484.50 Td (t) Tj ET Q q 0 0 0 rg BT 460.36 484.50 Td (ermined fir) Tj ET Q q 0 0 0 rg BT 505.51 484.50 Td (s) Tj ET Q q 0 0 0 rg BT 509.31 484.50 Td (t b) Tj ET Q q 0 0 0 rg BT 520.13 484.50 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 472.50 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 472.50 Td (e) Tj ET Q q 0 0 0 rg BT 62.24 472.50 Td (f) Tj ET Q q 0 0 0 rg BT 65.04 472.50 Td (er) Tj ET Q q 0 0 0 rg BT 73.38 472.50 Td (ence t) Tj ET Q q 0 0 0 rg BT 98.32 472.50 Td (o borr) Tj ET Q q 0 0 0 rg BT 123.19 472.50 Td (o) Tj ET Q q 0 0 0 rg BT 128.43 472.50 Td (wings specific t) Tj ET Q q 0 0 0 rg BT 189.76 472.50 Td (o the pr) Tj ET Q q 0 0 0 rg BT 221.71 472.50 Td (oject, wher) Tj ET Q q 0 0 0 rg BT 267.42 472.50 Td (e r) Tj ET Q q 0 0 0 rg BT 278.01 472.50 Td (ele) Tj ET Q q 0 0 0 rg BT 290.21 472.50 Td (v) Tj ET Q q 0 0 0 rg BT 294.58 472.50 Td (an) Tj ET Q q 0 0 0 rg BT 304.53 472.50 Td (t, and other) Tj ET Q q 0 0 0 rg BT 352.58 472.50 Td (wise b) Tj ET Q q 0 0 0 rg BT 378.38 472.50 Td (y applying a w) Tj ET Q q 0 0 0 rg BT 435.91 472.50 Td (eigh) Tj ET Q q 0 0 0 rg BT 453.05 472.50 Td (t) Tj ET Q q 0 0 0 rg BT 456.29 472.50 Td (ed a) Tj ET Q q 0 0 0 rg BT 473.41 472.50 Td (v) Tj ET Q q 0 0 0 rg BT 477.83 472.50 Td (er) Tj ET Q q 0 0 0 rg BT 486.08 472.50 Td (ag) Tj ET Q q 0 0 0 rg BT 495.50 472.50 Td (e c) Tj ET Q q 0 0 0 rg BT 506.88 472.50 Td (os) Tj ET Q q 0 0 0 rg BT 515.95 472.50 Td (t of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 460.50 Td (borr) Tj ET Q q 0 0 0 rg BT 71.34 460.50 Td (o) Tj ET Q q 0 0 0 rg BT 76.57 460.50 Td (wings t) Tj ET Q q 0 0 0 rg BT 105.40 460.50 Td (o eligible e) Tj ET Q q 0 0 0 rg BT 149.11 460.50 Td (xpenditur) Tj ET Q q 0 0 0 rg BT 188.43 460.50 Td (es a) Tj ET Q q 0 0 0 rg BT 204.31 460.50 Td (ft) Tj ET Q q 0 0 0 rg BT 210.61 460.50 Td (er adjus) Tj ET Q q 0 0 0 rg BT 242.82 460.50 Td (ting f) Tj ET Q q 0 0 0 rg BT 263.53 460.50 Td (or borr) Tj ET Q q 0 0 0 rg BT 291.89 460.50 Td (o) Tj ET Q q 0 0 0 rg BT 297.12 460.50 Td (wings associa) Tj ET Q q 0 0 0 rg BT 351.80 460.50 Td (t) Tj ET Q q 0 0 0 rg BT 355.04 460.50 Td (ed with other specific de) Tj ET Q q 0 0 0 rg BT 455.12 460.50 Td (v) Tj ET Q q 0 0 0 rg BT 459.54 460.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 495.46 460.50 Td (ts. Wher) Tj ET Q q 0 0 0 rg BT 529.99 460.50 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 448.50 Td (borr) Tj ET Q q 0 0 0 rg BT 71.34 448.50 Td (o) Tj ET Q q 0 0 0 rg BT 76.57 448.50 Td (wings ar) Tj ET Q q 0 0 0 rg BT 110.29 448.50 Td (e associa) Tj ET Q q 0 0 0 rg BT 146.64 448.50 Td (t) Tj ET Q q 0 0 0 rg BT 149.88 448.50 Td (ed with specific de) Tj ET Q q 0 0 0 rg BT 225.36 448.50 Td (v) Tj ET Q q 0 0 0 rg BT 229.78 448.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 265.70 448.50 Td (ts, the amoun) Tj ET Q q 0 0 0 rg BT 322.02 448.50 Td (t c) Tj ET Q q 0 0 0 rg BT 331.78 448.50 Td (apit) Tj ET Q q 0 0 0 rg BT 347.34 448.50 Td (aliz) Tj ET Q q 0 0 0 rg BT 360.45 448.50 Td (ed is the gr) Tj ET Q q 0 0 0 rg BT 405.28 448.50 Td (oss c) Tj ET Q q 0 0 0 rg BT 424.78 448.50 Td (os) Tj ET Q q 0 0 0 rg BT 433.85 448.50 Td (t incurr) Tj ET Q q 0 0 0 rg BT 463.34 448.50 Td (ed on those ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 436.50 Td (borr) Tj ET Q q 0 0 0 rg BT 71.34 436.50 Td (o) Tj ET Q q 0 0 0 rg BT 76.57 436.50 Td (wings, less an) Tj ET Q q 0 0 0 rg BT 131.86 436.50 Td (y in) Tj ET Q q 0 0 0 rg BT 146.10 436.50 Td (t) Tj ET Q q 0 0 0 rg BT 149.34 436.50 Td (er) Tj ET Q q 0 0 0 rg BT 157.67 436.50 Td (es) Tj ET Q q 0 0 0 rg BT 166.45 436.50 Td (t inc) Tj ET Q q 0 0 0 rg BT 183.75 436.50 Td (ome earned on funds not y) Tj ET Q q 0 0 0 rg BT 293.56 436.50 Td (e) Tj ET Q q 0 0 0 rg BT 298.48 436.50 Td (t emplo) Tj ET Q q 0 0 0 rg BT 329.83 436.50 Td (y) Tj ET Q q 0 0 0 rg BT 334.23 436.50 Td (ed in c) Tj ET Q q 0 0 0 rg BT 360.67 436.50 Td (ons) Tj ET Q q 0 0 0 rg BT 375.00 436.50 Td (truction funding.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 418.50 Td (Capit) Tj ET Q q 0 0 0 rg BT 74.90 418.50 Td (aliz) Tj ET Q q 0 0 0 rg BT 88.06 418.50 Td (a) Tj ET Q q 0 0 0 rg BT 92.76 418.50 Td (tion of borr) Tj ET Q q 0 0 0 rg BT 139.12 418.50 Td (o) Tj ET Q q 0 0 0 rg BT 144.35 418.50 Td (wing c) Tj ET Q q 0 0 0 rg BT 170.16 418.50 Td (os) Tj ET Q q 0 0 0 rg BT 179.23 418.50 Td (ts and all other c) Tj ET Q q 0 0 0 rg BT 246.70 418.50 Td (os) Tj ET Q q 0 0 0 rg BT 255.77 418.50 Td (ts c) Tj ET Q q 0 0 0 rg BT 269.44 418.50 Td (ommence when the activities necessar) Tj ET Q q 0 0 0 rg BT 426.96 418.50 Td (y t) Tj ET Q q 0 0 0 rg BT 437.00 418.50 Td (o pr) Tj ET Q q 0 0 0 rg BT 453.15 418.50 Td (epar) Tj ET Q q 0 0 0 rg BT 471.52 418.50 Td (e an asse) Tj ET Q q 0 0 0 rg BT 508.59 418.50 Td (t f) Tj ET Q q 0 0 0 rg BT 517.05 418.50 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 406.50 Td (de) Tj ET Q q 0 0 0 rg BT 64.18 406.50 Td (v) Tj ET Q q 0 0 0 rg BT 68.60 406.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 104.52 406.50 Td (t or r) Tj ET Q q 0 0 0 rg BT 124.51 406.50 Td (ede) Tj ET Q q 0 0 0 rg BT 139.66 406.50 Td (v) Tj ET Q q 0 0 0 rg BT 144.08 406.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 180.01 406.50 Td (t begin, and c) Tj ET Q q 0 0 0 rg BT 234.56 406.50 Td (on) Tj ET Q q 0 0 0 rg BT 245.00 406.50 Td (tinue un) Tj ET Q q 0 0 0 rg BT 278.80 406.50 Td (til the da) Tj ET Q q 0 0 0 rg BT 314.79 406.50 Td (t) Tj ET Q q 0 0 0 rg BT 318.03 406.50 Td (e tha) Tj ET Q q 0 0 0 rg BT 338.57 406.50 Td (t c) Tj ET Q q 0 0 0 rg BT 348.33 406.50 Td (ons) Tj ET Q q 0 0 0 rg BT 362.65 406.50 Td (truction is c) Tj ET Q q 0 0 0 rg BT 410.02 406.50 Td (omple) Tj ET Q q 0 0 0 rg BT 435.75 406.50 Td (t) Tj ET Q q 0 0 0 rg BT 438.99 406.50 Td (e and all necessar) Tj ET Q q 0 0 0 rg BT 511.01 406.50 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 394.50 Td (occupancy and r) Tj ET Q q 0 0 0 rg BT 120.21 394.50 Td (ela) Tj ET Q q 0 0 0 rg BT 132.18 394.50 Td (t) Tj ET Q q 0 0 0 rg BT 135.42 394.50 Td (ed permits ha) Tj ET Q q 0 0 0 rg BT 191.31 394.50 Td (v) Tj ET Q q 0 0 0 rg BT 195.73 394.50 Td (e been r) Tj ET Q q 0 0 0 rg BT 229.04 394.50 Td (eceiv) Tj ET Q q 0 0 0 rg BT 249.93 394.50 Td (ed, whe) Tj ET Q q 0 0 0 rg BT 282.24 394.50 Td (ther or not the space is leased. If the Compan) Tj ET Q q 0 0 0 rg BT 466.82 394.50 Td (y is r) Tj ET Q q 0 0 0 rg BT 485.43 394.50 Td (equir) Tj ET Q q 0 0 0 rg BT 506.56 394.50 Td (ed as a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 382.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 382.50 Td (ondition of a lease t) Tj ET Q q 0 0 0 rg BT 138.75 382.50 Td (o c) Tj ET Q q 0 0 0 rg BT 150.43 382.50 Td (ons) Tj ET Q q 0 0 0 rg BT 164.76 382.50 Td (truct t) Tj ET Q q 0 0 0 rg BT 189.93 382.50 Td (enan) Tj ET Q q 0 0 0 rg BT 210.11 382.50 Td (t impr) Tj ET Q q 0 0 0 rg BT 234.58 382.50 Td (o) Tj ET Q q 0 0 0 rg BT 239.81 382.50 Td (v) Tj ET Q q 0 0 0 rg BT 244.23 382.50 Td (emen) Tj ET Q q 0 0 0 rg BT 267.33 382.50 Td (ts tha) Tj ET Q q 0 0 0 rg BT 290.15 382.50 Td (t enhance the v) Tj ET Q q 0 0 0 rg BT 352.96 382.50 Td (alue of the pr) Tj ET Q q 0 0 0 rg BT 407.54 382.50 Td (operty) Tj ET Q q 0 0 0 rg BT 433.70 382.50 Td (, then c) Tj ET Q q 0 0 0 rg BT 463.69 382.50 Td (apit) Tj ET Q q 0 0 0 rg BT 479.26 382.50 Td (aliz) Tj ET Q q 0 0 0 rg BT 492.42 382.50 Td (a) Tj ET Q q 0 0 0 rg BT 497.12 382.50 Td (tion of c) Tj ET Q q 0 0 0 rg BT 530.28 382.50 Td (os) Tj ET Q q 0 0 0 rg BT 539.36 382.50 Td (ts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 370.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 370.50 Td (on) Tj ET Q q 0 0 0 rg BT 68.58 370.50 Td (tinues un) Tj ET Q q 0 0 0 rg BT 106.29 370.50 Td (til such impr) Tj ET Q q 0 0 0 rg BT 156.27 370.50 Td (o) Tj ET Q q 0 0 0 rg BT 161.50 370.50 Td (v) Tj ET Q q 0 0 0 rg BT 165.91 370.50 Td (emen) Tj ET Q q 0 0 0 rg BT 189.01 370.50 Td (ts ar) Tj ET Q q 0 0 0 rg BT 206.68 370.50 Td (e c) Tj ET Q q 0 0 0 rg BT 218.06 370.50 Td (omple) Tj ET Q q 0 0 0 rg BT 243.79 370.50 Td (t) Tj ET Q q 0 0 0 rg BT 247.04 370.50 Td (ed. Capit) Tj ET Q q 0 0 0 rg BT 282.95 370.50 Td (aliz) Tj ET Q q 0 0 0 rg BT 296.11 370.50 Td (a) Tj ET Q q 0 0 0 rg BT 300.81 370.50 Td (tion ceases if ther) Tj ET Q q 0 0 0 rg BT 372.84 370.50 Td (e ar) Tj ET Q q 0 0 0 rg BT 388.22 370.50 Td (e pr) Tj ET Q q 0 0 0 rg BT 404.03 370.50 Td (olong) Tj ET Q q 0 0 0 rg BT 426.75 370.50 Td (ed periods when ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 358.50 Td (de) Tj ET Q q 0 0 0 rg BT 64.18 358.50 Td (v) Tj ET Q q 0 0 0 rg BT 68.60 358.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 104.52 358.50 Td (t activity is in) Tj ET Q q 0 0 0 rg BT 157.67 358.50 Td (t) Tj ET Q q 0 0 0 rg BT 160.91 358.50 Td (errup) Tj ET Q q 0 0 0 rg BT 183.32 358.50 Td (t) Tj ET Q q 0 0 0 rg BT 186.56 358.50 Td (ed. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 340.50 Td (Capit) Tj ET Q q 0 0 0 rg BT 74.90 340.50 Td (aliz) Tj ET Q q 0 0 0 rg BT 88.06 340.50 Td (a) Tj ET Q q 0 0 0 rg BT 92.76 340.50 Td (tion r) Tj ET Q q 0 0 0 rg BT 114.47 340.50 Td (a) Tj ET Q q 0 0 0 rg BT 119.17 340.50 Td (t) Tj ET Q q 0 0 0 rg BT 122.41 340.50 Td (es b) Tj ET Q q 0 0 0 rg BT 138.77 340.50 Td (y r) Tj ET Q q 0 0 0 rg BT 148.91 340.50 Td (egion, f) Tj ET Q q 0 0 0 rg BT 179.01 340.50 Td (or in) Tj ET Q q 0 0 0 rg BT 197.41 340.50 Td (v) Tj ET Q q 0 0 0 rg BT 201.83 340.50 Td (es) Tj ET Q q 0 0 0 rg BT 210.61 340.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 232.08 340.50 Td (t pr) Tj ET Q q 0 0 0 rg BT 246.27 340.50 Td (operties shopping cen) Tj ET Q q 0 0 0 rg BT 343.12 340.50 Td (tr) Tj ET Q q 0 0 0 rg BT 349.83 340.50 Td (es ar) Tj ET Q q 0 0 0 rg BT 369.12 340.50 Td (e se) Tj ET Q q 0 0 0 rg BT 385.19 340.50 Td (t out in the t) Tj ET Q q 0 0 0 rg BT 435.81 340.50 Td (able belo) Tj ET Q q 0 0 0 rg BT 473.15 340.50 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 330 m 191.5 330 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 330 m 251.5 330 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 330 m 311.5 330 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 330 m 371.5 330 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 330 m 431.5 330 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 330 m 491.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.5 309 m 491.5 309 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 330 m 551.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 309 m 191.5 309 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 272 m 191.5 272 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 191.5 309 m 251.5 309 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 191.5 272 m 251.5 272 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251.5 309 m 311.5 309 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251.5 272 m 311.5 272 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 311.5 309 m 371.5 309 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 311.5 272 m 371.5 272 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371.5 309 m 431.5 309 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371.5 272 m 431.5 272 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.5 309 m 491.5 309 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.5 272 m 491.5 272 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.5 309 m 551.5 309 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.5 272 m 551.5 272 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371.5 233 m 431.5 233 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.5 233 m 491.5 233 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 233 m 191.5 233 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 218 m 191.5 218 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 191.5 233 m 251.5 233 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 218 m 251.5 218 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251.5 233 m 311.5 233 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 218 m 311.5 218 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 311.5 233 m 371.5 233 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 218 m 371.5 218 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371.5 233 m 431.5 233 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 218 m 431.5 218 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.5 233 m 491.5 233 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 218 m 491.5 218 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.5 233 m 551.5 233 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 218 m 551.5 218 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 321.50 Td (As at) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 313.50 Td (\(unaudit) Tj ET Q q 0 0 0 rg BT 84.42 313.50 Td (ed\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.65 313.50 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 484.40 313.50 Td (December 31, 2013) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 57.00 276.63 Td (Shopping Cen) Tj ET Q q 0 0 0 rg BT 105.13 276.63 Td (tr) Tj ET Q q 0 0 0 rg BT 111.01 276.63 Td (es) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 205.25 285.13 Td (F) Tj ET Q q 0 0 0 rg BT 208.92 285.13 Td (air V) Tj ET Q q 0 0 0 rg BT 224.70 285.13 Td (alue ) Tj ET Q BT /F2 8.50 Tf ET BT /F2 5.52 Tf ET q 0 0 0 rg BT 241.75 289.18 Td (\(1\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 203.65 276.63 Td (\(C$ Millions\) ) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 282.20 285.13 Td (SNOI ) Tj ET Q BT /F2 8.50 Tf ET BT /F2 5.52 Tf ET q 0 0 0 rg BT 301.75 289.18 Td (\(2\) ) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 264.15 276.63 Td (\(C$ millions\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 334.00 300.13 Td (W) Tj ET Q q 0 0 0 rg BT 341.40 300.13 Td (eigh) Tj ET Q q 0 0 0 rg BT 356.28 300.13 Td (t) Tj ET Q q 0 0 0 rg BT 359.12 300.13 Td (ed ) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 339.55 291.63 Td (A) Tj ET Q q 0 0 0 rg BT 344.49 291.63 Td (v) Tj ET Q q 0 0 0 rg BT 348.44 291.63 Td (er) Tj ET Q q 0 0 0 rg BT 355.55 291.63 Td (ag) Tj ET Q q 0 0 0 rg BT 363.69 291.63 Td (e) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 319.85 283.13 Td (Capit) Tj ET Q q 0 0 0 rg BT 338.06 283.13 Td (aliz) Tj ET Q q 0 0 0 rg BT 349.70 283.13 Td (a) Tj ET Q q 0 0 0 rg BT 353.82 283.13 Td (tion ) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 351.95 274.63 Td (Ra) Tj ET Q q 0 0 0 rg BT 360.85 274.63 Td (t) Tj ET Q q 0 0 0 rg BT 363.70 274.63 Td (e) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 386.25 285.13 Td (F) Tj ET Q q 0 0 0 rg BT 389.93 285.13 Td (air V) Tj ET Q q 0 0 0 rg BT 405.18 285.13 Td (alue ) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 421.82 289.18 Td (\(1\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 384.70 276.63 Td (\(C$ Millions\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 462.75 285.13 Td (SNOI ) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 481.83 289.18 Td (\(2\) ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 445.20 276.63 Td (\(C$ millions\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 514.70 300.13 Td (W) Tj ET Q q 0 0 0 rg BT 521.95 300.13 Td (eigh) Tj ET Q q 0 0 0 rg BT 536.52 300.13 Td (t) Tj ET Q q 0 0 0 rg BT 539.28 300.13 Td (ed ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 520.20 291.63 Td (A) Tj ET Q q 0 0 0 rg BT 524.96 291.63 Td (v) Tj ET Q q 0 0 0 rg BT 528.72 291.63 Td (er) Tj ET Q q 0 0 0 rg BT 535.74 291.63 Td (ag) Tj ET Q q 0 0 0 rg BT 543.74 291.63 Td (e) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 501.30 283.13 Td (Capit) Tj ET Q q 0 0 0 rg BT 519.06 283.13 Td (aliz) Tj ET Q q 0 0 0 rg BT 530.25 283.13 Td (a) Tj ET Q q 0 0 0 rg BT 534.25 283.13 Td (tion ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 532.40 274.63 Td (Ra) Tj ET Q q 0 0 0 rg BT 541.01 274.63 Td (t) Tj ET Q q 0 0 0 rg BT 543.76 274.63 Td (e) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 262.75 Td (Central Region) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 194.00 262.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.60 262.75 Td (3,038.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 254.00 262.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 287.50 262.75 Td (168.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.30 262.75 Td (5.75) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.40 262.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.00 262.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 262.75 Td (3,021.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.00 262.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.70 262.75 Td (167.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.55 262.75 Td (5.75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.55 262.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 249.75 Td (Eastern Region) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.60 249.75 Td (1,658.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 287.50 249.75 Td (106.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.30 249.75 Td (6.30) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.40 249.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 249.75 Td (1,630.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.70 249.75 Td (104.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.55 249.75 Td (6.31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.55 249.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 236.75 Td (Western Region) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.60 236.75 Td (2,514.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 287.50 236.75 Td (142.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.30 236.75 Td (5.73) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.40 236.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 236.75 Td (2,473.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.70 236.75 Td (143.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.55 236.75 Td (5.70) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.55 236.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 194.00 222.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.60 222.75 Td (7,210.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 254.00 222.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 287.50 222.75 Td (416.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.30 223.25 Td (5.86) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.40 223.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.00 222.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.90 222.75 Td (7,126.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.00 222.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.70 222.75 Td (414.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.55 223.25 Td (5.86) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.55 223.25 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 54.00 211.99 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 207.70 Td (F) Tj ET Q q 0 0 0 rg BT 66.03 207.70 Td (air v) Tj ET Q q 0 0 0 rg BT 78.07 207.70 Td (alue of pr) Tj ET Q q 0 0 0 rg BT 105.19 207.70 Td (operties under de) Tj ET Q q 0 0 0 rg BT 155.90 207.70 Td (v) Tj ET Q q 0 0 0 rg BT 158.99 207.70 Td (elopmen) Tj ET Q q 0 0 0 rg BT 184.14 207.70 Td (t includes a deduction f) Tj ET Q q 0 0 0 rg BT 250.38 207.70 Td (or c) Tj ET Q q 0 0 0 rg BT 261.00 207.70 Td (os) Tj ET Q q 0 0 0 rg BT 267.35 207.70 Td (ts t) Tj ET Q q 0 0 0 rg BT 276.29 207.70 Td (o c) Tj ET Q q 0 0 0 rg BT 284.46 207.70 Td (omple) Tj ET Q q 0 0 0 rg BT 302.48 207.70 Td (t) Tj ET Q q 0 0 0 rg BT 304.75 207.70 Td (e of ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 317.22 207.70 Td ($196.2 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 357.70 207.70 Td ( as a) Tj ET Q q 0 0 0 rg BT 370.24 207.70 Td (t ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 374.17 207.70 Td (Mar) Tj ET Q q 0 0 0 rg BT 385.84 207.70 Td (ch31, 2014) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 418.68 207.70 Td ( \() Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 422.39 207.70 Td (December31, 2013) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 478.01 207.70 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 484.66 207.70 Td ($95.5 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 521.59 207.70 Td (\).) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 54.00 201.24 Td (\(2\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 60.51 196.95 Td ( SNOI is not a measur) Tj ET Q q 0 0 0 rg BT 121.16 196.95 Td (e de) Tj ET Q q 0 0 0 rg BT 133.32 196.95 Td (fined b) Tj ET Q q 0 0 0 rg BT 153.13 196.95 Td (y IFR) Tj ET Q q 0 0 0 rg BT 166.57 196.95 Td (S. SNOI r) Tj ET Q q 0 0 0 rg BT 191.20 196.95 Td (e) Tj ET Q q 0 0 0 rg BT 194.62 196.95 Td (flects long-t) Tj ET Q q 0 0 0 rg BT 228.16 196.95 Td (erm, s) Tj ET Q q 0 0 0 rg BT 245.66 196.95 Td (t) Tj ET Q q 0 0 0 rg BT 247.92 196.95 Td (able pr) Tj ET Q q 0 0 0 rg BT 267.63 196.95 Td (operty oper) Tj ET Q q 0 0 0 rg BT 301.16 196.95 Td (a) Tj ET Q q 0 0 0 rg BT 304.45 196.95 Td (tions, assuming a cert) Tj ET Q q 0 0 0 rg BT 366.18 196.95 Td (ain le) Tj ET Q q 0 0 0 rg BT 381.45 196.95 Td (v) Tj ET Q q 0 0 0 rg BT 384.54 196.95 Td (el of v) Tj ET Q q 0 0 0 rg BT 401.69 196.95 Td (ac) Tj ET Q q 0 0 0 rg BT 407.94 196.95 Td (ancy) Tj ET Q q 0 0 0 rg BT 420.60 196.95 Td (, c) Tj ET Q q 0 0 0 rg BT 426.83 196.95 Td (apit) Tj ET Q q 0 0 0 rg BT 437.73 196.95 Td (al and oper) Tj ET Q q 0 0 0 rg BT 469.71 196.95 Td (a) Tj ET Q q 0 0 0 rg BT 473.00 196.95 Td (ting e) Tj ET Q q 0 0 0 rg BT 488.88 196.95 Td (xpenditur) Tj ET Q q 0 0 0 rg BT 516.41 196.95 Td (es r) Tj ET Q q 0 0 0 rg BT 526.56 196.95 Td (equir) Tj ET Q q 0 0 0 rg BT 541.35 196.95 Td (ed t) Tj ET Q q 0 0 0 rg BT 552.37 196.95 Td (o ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 188.50 Td (main) Tj ET Q q 0 0 0 rg BT 77.16 188.50 Td (t) Tj ET Q q 0 0 0 rg BT 79.42 188.50 Td (ain a s) Tj ET Q q 0 0 0 rg BT 97.24 188.50 Td (t) Tj ET Q q 0 0 0 rg BT 99.50 188.50 Td (able occupancy r) Tj ET Q q 0 0 0 rg BT 147.21 188.50 Td (a) Tj ET Q q 0 0 0 rg BT 150.49 188.50 Td (t) Tj ET Q q 0 0 0 rg BT 152.76 188.50 Td (e. The a) Tj ET Q q 0 0 0 rg BT 174.99 188.50 Td (v) Tj ET Q q 0 0 0 rg BT 178.08 188.50 Td (er) Tj ET Q q 0 0 0 rg BT 183.86 188.50 Td (ag) Tj ET Q q 0 0 0 rg BT 190.45 188.50 Td (e v) Tj ET Q q 0 0 0 rg BT 198.57 188.50 Td (ac) Tj ET Q q 0 0 0 rg BT 204.83 188.50 Td (ancy r) Tj ET Q q 0 0 0 rg BT 221.87 188.50 Td (a) Tj ET Q q 0 0 0 rg BT 225.16 188.50 Td (t) Tj ET Q q 0 0 0 rg BT 227.42 188.50 Td (es used in de) Tj ET Q q 0 0 0 rg BT 264.38 188.50 Td (t) Tj ET Q q 0 0 0 rg BT 266.65 188.50 Td (ermining SNOI f) Tj ET Q q 0 0 0 rg BT 311.31 188.50 Td (or non-anchor t) Tj ET Q q 0 0 0 rg BT 355.87 188.50 Td (enan) Tj ET Q q 0 0 0 rg BT 370.00 188.50 Td (ts g) Tj ET Q q 0 0 0 rg BT 379.90 188.50 Td (ener) Tj ET Q q 0 0 0 rg BT 392.84 188.50 Td (ally r) Tj ET Q q 0 0 0 rg BT 406.45 188.50 Td (ang) Tj ET Q q 0 0 0 rg BT 416.72 188.50 Td (e fr) Tj ET Q q 0 0 0 rg BT 426.25 188.50 Td (om 2% t) Tj ET Q q 0 0 0 rg BT 449.52 188.50 Td (o 5%. ) Tj ET Q endstream endobj 151 0 obj <> endobj 152 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (74) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 693.00 Td (\(c\) In) Tj ET Q q 0 0 0 rg BT 78.68 693.00 Td (v) Tj ET Q q 0 0 0 rg BT 84.25 693.00 Td (es) Tj ET Q q 0 0 0 rg BT 94.94 693.00 Td (tmen) Tj ET Q q 0 0 0 rg BT 121.23 693.00 Td (t pr) Tj ET Q q 0 0 0 rg BT 138.66 693.00 Td (operties Acquisitions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 678.00 Td (During the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.25 678.00 Td (thr) Tj ET Q q 0 0 0 rg BT 111.21 678.00 Td (ee mon) Tj ET Q q 0 0 0 rg BT 141.84 678.00 Td (ths ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 182.33 678.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 184.59 678.00 Td (Mar) Tj ET Q q 0 0 0 rg BT 201.27 678.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.18 678.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 268.00 678.00 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 288.27 678.00 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 342.57 678.00 Td (y acquir) Tj ET Q q 0 0 0 rg BT 374.54 678.00 Td (ed shopping cen) Tj ET Q q 0 0 0 rg BT 440.86 678.00 Td (tr) Tj ET Q q 0 0 0 rg BT 447.56 678.00 Td (es and de) Tj ET Q q 0 0 0 rg BT 486.45 678.00 Td (v) Tj ET Q q 0 0 0 rg BT 490.87 678.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 526.79 678.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 666.00 Td (lands f) Tj ET Q q 0 0 0 rg BT 80.61 666.00 Td (or r) Tj ET Q q 0 0 0 rg BT 94.98 666.00 Td (en) Tj ET Q q 0 0 0 rg BT 105.12 666.00 Td (t) Tj ET Q q 0 0 0 rg BT 108.35 666.00 Td (al inc) Tj ET Q q 0 0 0 rg BT 129.39 666.00 Td (ome and futur) Tj ET Q q 0 0 0 rg BT 187.71 666.00 Td (e de) Tj ET Q q 0 0 0 rg BT 205.12 666.00 Td (v) Tj ET Q q 0 0 0 rg BT 209.54 666.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 245.46 666.00 Td (t and r) Tj ET Q q 0 0 0 rg BT 271.99 666.00 Td (ede) Tj ET Q q 0 0 0 rg BT 287.14 666.00 Td (v) Tj ET Q q 0 0 0 rg BT 291.56 666.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 327.49 666.00 Td (t opportunities as f) Tj ET Q q 0 0 0 rg BT 404.39 666.00 Td (ollo) Tj ET Q q 0 0 0 rg BT 419.48 666.00 Td (w) Tj ET Q q 0 0 0 rg BT 426.54 666.00 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 655.5 m 295.5 655.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 640.5 m 295.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 655.5 m 332.5 655.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 295.5 640.5 m 332.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 655.5 m 386.5 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 655.5 m 441.5 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 655.5 m 503.5 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 655.5 m 558.5 655.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 640.5 m 295.5 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 618.5 m 295.5 618.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 295.5 640.5 m 332.5 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 295.5 618.5 m 332.5 618.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 640.5 m 386.5 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 618.5 m 386.5 618.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 640.5 m 441.5 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 618.5 m 441.5 618.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 441.5 640.5 m 503.5 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 441.5 618.5 m 503.5 618.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 640.5 m 558.5 640.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 618.5 m 558.5 618.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 557.5 m 295.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 542.5 m 295.5 542.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 295.5 557.5 m 332.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 542.5 m 332.5 542.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 557.5 m 386.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 542.5 m 386.5 542.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 557.5 m 441.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 542.5 m 441.5 542.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 441.5 557.5 m 503.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 542.5 m 503.5 542.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 557.5 m 558.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 542.5 m 558.5 542.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 645.00 Td (Three 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511.15 631.00 Td (De) Tj ET Q q 0 0 0 rg BT 520.01 631.00 Td (v) Tj ET Q q 0 0 0 rg BT 523.55 631.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 552.29 631.00 Td (t) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.35 623.00 Td (Land) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 609.25 Td (Total purchase price, including acquisition costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 609.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 609.25 Td (53,498) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.00 609.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.55 609.25 Td (3,555) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.00 609.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.15 609.25 Td (39,692) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.00 609.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 609.25 Td (11,731) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 595.25 Td (Mortgage assumptions and vendor take-back mortgages on) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 586.25 Td (acquisitions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 375.00 586.25 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 586.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.00 586.25 Td (\(4,664) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.25 586.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 586.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 571.25 Td (Difference between principal amount and fair value of assumed) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 562.25 Td (mortgage financing) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 375.00 562.25 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 562.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.80 562.25 Td (\(194) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.25 562.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 562.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 547.25 Td (Total cash paid) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 547.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.00 547.25 Td (53,498) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.00 547.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.55 547.25 Td (3,555) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.00 547.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.15 547.25 Td (34,834) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.00 547.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 547.25 Td (11,731) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 516.15 Td (\(d\) In) Tj ET Q q 0 0 0 rg BT 80.10 516.15 Td (v) Tj ET Q q 0 0 0 rg BT 85.66 516.15 Td (es) Tj ET Q q 0 0 0 rg BT 96.36 516.15 Td (tmen) Tj ET Q q 0 0 0 rg BT 122.65 516.15 Td (t pr) Tj ET Q q 0 0 0 rg BT 140.08 516.15 Td (operties classified as held f) Tj ET Q q 0 0 0 rg BT 273.90 516.15 Td (or sale) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 501.15 Td (The ) Tj ET Q q 0 0 0 rg BT 71.65 501.15 Td (Compan) Tj ET Q q 0 0 0 rg BT 105.36 501.15 Td (y ) Tj ET Q q 0 0 0 rg BT 112.44 501.15 Td (has ) Tj ET Q q 0 0 0 rg BT 128.95 501.15 Td (cert) Tj ET Q q 0 0 0 rg BT 144.86 501.15 Td (ain ) Tj ET Q q 0 0 0 rg BT 159.76 501.15 Td (in) Tj ET Q q 0 0 0 rg BT 167.14 501.15 Td (v) Tj ET Q q 0 0 0 rg BT 171.56 501.15 Td (es) Tj ET Q q 0 0 0 rg BT 180.33 501.15 Td (tmen) Tj ET Q q 0 0 0 rg BT 201.81 501.15 Td (t ) Tj ET Q q 0 0 0 rg BT 207.71 501.15 Td (pr) Tj ET Q q 0 0 0 rg BT 216.29 501.15 Td (operties ) Tj ET Q q 0 0 0 rg BT 252.36 501.15 Td (tha) Tj ET Q q 0 0 0 rg BT 265.66 501.15 Td (t ) Tj ET Q q 0 0 0 rg BT 271.56 501.15 Td (ar) Tj ET Q q 0 0 0 rg BT 279.71 501.15 Td (e ) Tj ET Q q 0 0 0 rg BT 287.24 501.15 Td (classified ) Tj ET Q q 0 0 0 rg BT 326.79 501.15 Td (as ) Tj ET Q q 0 0 0 rg BT 338.05 501.15 Td (held ) Tj ET Q q 0 0 0 rg BT 358.38 501.15 Td (f) Tj ET Q q 0 0 0 rg BT 361.22 501.15 Td (or ) Tj ET Q q 0 0 0 rg BT 372.53 501.15 Td (sale. ) Tj ET Q q 0 0 0 rg BT 393.58 501.15 Td (These ) Tj ET Q q 0 0 0 rg BT 420.12 501.15 Td (pr) Tj ET Q q 0 0 0 rg BT 428.70 501.15 Td (operties ) Tj ET Q q 0 0 0 rg BT 464.77 501.15 Td (ar) Tj ET Q q 0 0 0 rg BT 472.92 501.15 Td (e ) Tj ET Q q 0 0 0 rg BT 480.45 501.15 Td (c) Tj ET Q q 0 0 0 rg BT 484.59 501.15 Td (onsider) Tj ET Q q 0 0 0 rg BT 514.91 501.15 Td (ed ) Tj ET Q q 0 0 0 rg BT 527.69 501.15 Td (t) Tj ET Q q 0 0 0 rg BT 530.94 501.15 Td (o ) Tj ET Q q 0 0 0 rg BT 538.77 501.15 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 489.15 Td (non-c) Tj ET Q q 0 0 0 rg BT 76.99 489.15 Td (or) Tj ET Q q 0 0 0 rg BT 85.62 489.15 Td (e ) Tj ET Q q 0 0 0 rg BT 92.85 489.15 Td (asse) Tj ET Q q 0 0 0 rg BT 110.39 489.15 Td (ts ) Tj ET Q q 0 0 0 rg BT 119.91 489.15 Td (and ) Tj ET Q q 0 0 0 rg BT 137.47 489.15 Td (ar) Tj ET Q q 0 0 0 rg BT 145.61 489.15 Td (e ) Tj ET Q q 0 0 0 rg BT 152.85 489.15 Td (as ) Tj ET Q q 0 0 0 rg BT 163.81 489.15 Td (f) Tj ET Q q 0 0 0 rg BT 166.65 489.15 Td (ollo) Tj ET Q q 0 0 0 rg BT 181.75 489.15 Td (w) Tj ET Q q 0 0 0 rg BT 188.81 489.15 Td (s: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 478.65 m 414.5 478.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 465.65 m 414.5 465.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 478.65 m 486.5 478.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 465.65 m 486.5 465.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 478.65 m 558.5 478.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 465.65 m 558.5 465.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 465.65 m 558.5 465.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 424.65 m 414.5 424.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 424.65 m 486.5 424.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 424.65 m 558.5 424.65 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 470.15 Td (\(unaudited\) \(thousands of Canadian dollars, except other data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.65 470.15 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 470.15 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 456.40 Td (Aggregate fair value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 456.40 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.70 456.40 Td (258,307) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.00 456.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.90 456.40 Td (155,499) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 443.40 Td (Mortgages secured by investment properties classified as held for sale) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 443.40 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.25 443.40 Td (37,664) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.00 443.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.45 443.40 Td (22,247) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 429.40 Td (Weighted average coupon interest rate of mortgages secured by investment properties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.30 429.40 Td (4.42) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.40 429.40 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 429.40 Td (4.03) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 429.40 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 404.15 Td (F) Tj ET Q q 0 0 0 rg BT 58.46 404.15 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.32 404.15 Td (thr) Tj ET Q q 0 0 0 rg BT 97.28 404.15 Td (ee mon) Tj ET Q q 0 0 0 rg BT 127.91 404.15 Td (ths ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 168.40 404.15 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 170.66 404.15 Td (Mar) Tj ET Q q 0 0 0 rg BT 187.34 404.15 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 234.25 404.15 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 254.07 404.15 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 274.34 404.15 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 328.64 404.15 Td (y sold shopping cen) Tj ET Q q 0 0 0 rg BT 408.25 404.15 Td (tr) Tj ET Q q 0 0 0 rg BT 414.96 404.15 Td (es and de) Tj ET Q q 0 0 0 rg BT 453.84 404.15 Td (v) Tj ET Q q 0 0 0 rg BT 458.26 404.15 Td (elopmen) Tj ET Q q 0 0 0 rg BT 494.19 404.15 Td (t land as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 392.15 Td (f) Tj ET Q q 0 0 0 rg BT 56.84 392.15 Td (ollo) Tj ET Q q 0 0 0 rg BT 71.94 392.15 Td (w) Tj ET Q q 0 0 0 rg BT 79.00 392.15 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 381.65 m 408.5 381.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 366.65 m 408.5 366.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 381.65 m 483.5 381.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 366.65 m 483.5 366.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 381.65 m 558.5 381.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 366.65 m 558.5 366.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 335.65 m 408.5 335.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 335.65 m 483.5 335.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 366.65 m 558.5 366.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 335.65 m 558.5 335.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 296.65 m 408.5 296.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 283.65 m 408.5 283.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 296.65 m 483.5 296.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 283.65 m 483.5 283.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 296.65 m 558.5 296.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 283.65 m 558.5 283.65 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 371.15 Td (Three months ended March 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.75 371.15 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 371.15 Td (2013) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 340.15 Td (\(unaudited\) \(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.95 356.15 Td (Shopping) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.40 348.15 Td (Centres and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.40 340.15 Td (Development Land) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.65 356.15 Td (Shopping) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.10 348.15 Td (Centres and) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.75 340.15 Td (Development Land) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 326.40 Td (Total sales price) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.00 326.40 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.55 326.40 Td (4,046) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.00 326.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 326.40 Td (29,221) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 313.40 Td (Mortgages assumed and vendor take-back mortgages on sale) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 313.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.00 313.40 Td (\(1,825) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 313.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 300.40 Td (Property selling costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.65 300.40 Td (\(108) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.15 300.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 300.40 Td (\(719) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 300.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 287.40 Td (Total cash proceeds) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.00 287.40 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.55 287.40 Td (3,938) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.00 287.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 287.40 Td (26,677) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 153 0 obj <> endobj 154 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 736.70 Td (NO) Tj ET Q q 0 0 0 rg BT 66.82 736.70 Td (TE) Tj ET Q q 0 0 0 rg BT 75.58 736.70 Td (S T) Tj ET Q q 0 0 0 rg BT 86.08 736.70 Td (O THE INTERIM C) Tj ET Q q 0 0 0 rg BT 150.00 736.70 Td (ONSOLID) Tj ET Q q 0 0 0 rg BT 184.02 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 188.77 736.70 Td (TED FINANCIAL S) Tj ET Q q 0 0 0 rg BT 251.79 736.70 Td (T) Tj ET Q q 0 0 0 rg BT 255.54 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 260.29 736.70 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 291.73 736.70 Td (S c) Tj ET Q q 0 0 0 rg BT 308.26 736.70 Td (on) Tj ET Q q 0 0 0 rg BT 317.84 736.70 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (75) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 693.00 Td (\(e\) R) Tj ET Q q 0 0 0 rg BT 76.81 693.00 Td (ec) Tj ET Q q 0 0 0 rg BT 87.81 693.00 Td (oncilia) Tj ET Q q 0 0 0 rg BT 120.38 693.00 Td (tion of in) Tj ET Q q 0 0 0 rg BT 165.27 693.00 Td (v) Tj ET Q q 0 0 0 rg BT 170.84 693.00 Td (es) Tj ET Q q 0 0 0 rg BT 181.53 693.00 Td (tmen) Tj ET Q q 0 0 0 rg BT 207.82 693.00 Td (t pr) Tj ET Q q 0 0 0 rg BT 225.25 693.00 Td (operties t) Tj ET Q q 0 0 0 rg BT 273.14 693.00 Td (o t) Tj ET Q q 0 0 0 rg BT 286.35 693.00 Td (ot) Tj ET Q q 0 0 0 rg BT 296.84 693.00 Td (al asse) Tj ET Q q 0 0 0 rg BT 329.88 693.00 Td (ts) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 675.00 Td (Shopping cen) Tj ET Q q 0 0 0 rg BT 108.51 675.00 Td (tr) Tj ET Q q 0 0 0 rg BT 115.22 675.00 Td (es and de) Tj ET Q q 0 0 0 rg BT 154.10 675.00 Td (v) Tj ET Q q 0 0 0 rg BT 158.52 675.00 Td (elopmen) Tj ET Q q 0 0 0 rg BT 194.44 675.00 Td (t land b) Tj ET Q q 0 0 0 rg BT 225.11 675.00 Td (y r) Tj ET Q q 0 0 0 rg BT 235.25 675.00 Td (egion ar) Tj ET Q q 0 0 0 rg BT 268.17 675.00 Td (e as se) Tj ET Q q 0 0 0 rg BT 295.20 675.00 Td (t out in the t) Tj ET Q q 0 0 0 rg BT 345.82 675.00 Td (ables belo) Tj ET Q q 0 0 0 rg BT 387.07 675.00 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 664.5 m 299.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 664.5 m 363.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 664.5 m 427.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 664.5 m 491.5 664.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 664.5 m 555.5 664.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 642.5 m 299.5 642.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 627.5 m 299.5 627.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 299.5 642.5 m 363.5 642.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 299.5 627.5 m 363.5 627.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 363.5 642.5 m 427.5 642.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 363.5 627.5 m 427.5 627.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 642.5 m 491.5 642.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 627.5 m 491.5 627.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.5 642.5 m 555.5 642.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.5 627.5 m 555.5 627.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 528.5 m 299.5 528.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 513.5 m 299.5 513.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 299.5 528.5 m 363.5 528.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 513.5 m 363.5 513.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 363.5 528.5 m 427.5 528.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 513.5 m 427.5 513.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 528.5 m 491.5 528.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 513.5 m 491.5 513.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.5 528.5 m 555.5 528.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 513.5 m 555.5 513.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 59.00 655.00 Td (As at March 31, 2014) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 59.00 647.00 Td ( \(unaudited\) \(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.15 655.00 Td (Cen) Tj ET Q q 0 0 0 rg BT 348.63 655.00 Td (tr) Tj ET Q q 0 0 0 rg BT 354.07 655.00 Td (al) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.20 647.00 Td (R) Tj ET Q q 0 0 0 rg BT 341.59 647.00 Td (egion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.30 655.00 Td (E) Tj ET Q q 0 0 0 rg BT 403.10 655.00 Td (as) Tj ET Q q 0 0 0 rg BT 410.15 655.00 Td (t) Tj ET Q q 0 0 0 rg BT 412.82 655.00 Td (ern) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.20 647.00 Td (R) Tj ET Q q 0 0 0 rg BT 405.59 647.00 Td (egion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.05 655.00 Td (W) Tj ET Q q 0 0 0 rg BT 467.01 655.00 Td (es) Tj ET Q q 0 0 0 rg BT 474.14 655.00 Td (t) Tj ET Q q 0 0 0 rg BT 476.82 655.00 Td (ern) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.20 647.00 Td (R) Tj ET Q q 0 0 0 rg BT 469.59 647.00 Td (egion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.80 647.00 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 632.25 Td (T) Tj ET Q q 0 0 0 rg BT 60.59 632.25 Td (ot) Tj ET Q q 0 0 0 rg BT 68.24 632.25 Td (al shopping cen) Tj ET Q q 0 0 0 rg BT 125.09 632.25 Td (tr) Tj ET Q q 0 0 0 rg BT 131.13 632.25 Td (es and de) Tj ET Q q 0 0 0 rg BT 166.13 632.25 Td (v) Tj ET Q q 0 0 0 rg BT 170.10 632.25 Td (elopmen) Tj ET Q q 0 0 0 rg BT 202.43 632.25 Td (t land) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 223.32 636.54 Td ( \(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.00 632.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.55 632.25 Td (3,161,177) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 375.00 632.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.55 632.25 Td (1,667,033) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.00 632.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.55 632.25 Td (2,552,508) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.00 632.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.55 632.25 Td (7,380,718) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 618.25 Td (A r) Tj ET Q q 0 0 0 rg BT 67.26 618.25 Td (ec) Tj ET Q q 0 0 0 rg BT 75.47 618.25 Td (oncilia) Tj ET Q q 0 0 0 rg BT 99.17 618.25 Td (tion of shopping cen) Tj ET Q q 0 0 0 rg BT 173.74 618.25 Td (tr) Tj ET Q q 0 0 0 rg BT 179.77 618.25 Td (es and de) Tj ET Q q 0 0 0 rg BT 214.77 618.25 Td (v) Tj ET Q q 0 0 0 rg BT 218.75 618.25 Td (elopmen) Tj ET Q q 0 0 0 rg BT 251.08 618.25 Td (t land t) Tj ET Q q 0 0 0 rg BT 276.92 618.25 Td (o ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 609.25 Td (t) Tj ET Q q 0 0 0 rg BT 68.93 609.25 Td (ot) Tj ET Q q 0 0 0 rg BT 76.58 609.25 Td (al asse) Tj ET Q q 0 0 0 rg BT 100.77 609.25 Td (ts is as f) Tj ET Q q 0 0 0 rg BT 129.38 609.25 Td (ollo) Tj ET Q q 0 0 0 rg BT 142.97 609.25 Td (w) Tj ET Q q 0 0 0 rg BT 149.32 609.25 Td (s:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 597.25 Td (Cash and cash equivalents) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.00 597.25 Td (93,130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 584.25 Td (Loans, mortgages and other real estate assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.45 584.25 Td (138,919) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 571.25 Td (Other assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.00 571.25 Td (74,175) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 558.25 Td (Amounts receivable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.00 558.25 Td (34,270) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 545.25 Td (Investment in joint venture) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.00 545.25 Td (38,367) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 532.25 Td (Residential development inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.00 532.25 Td (25,195) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 518.25 Td (Total assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.00 518.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.55 518.25 Td (7,784,774) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 488.5 m 301.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 488.5 m 364.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 488.5 m 427.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 488.5 m 490.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 488.5 m 553.5 488.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 466.5 m 301.5 466.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 451.5 m 301.5 451.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 301.5 466.5 m 364.5 466.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 301.5 451.5 m 364.5 451.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 466.5 m 427.5 466.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 451.5 m 427.5 451.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 466.5 m 490.5 466.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 451.5 m 490.5 451.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 466.5 m 553.5 466.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 451.5 m 553.5 451.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 354.5 m 553.5 354.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 354.5 m 301.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 339.5 m 301.5 339.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 301.5 354.5 m 364.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 339.5 m 364.5 339.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 354.5 m 427.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 339.5 m 427.5 339.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 354.5 m 490.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 339.5 m 490.5 339.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 354.5 m 553.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 339.5 m 553.5 339.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 59.00 479.00 Td (As at December 31, 2013) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 59.00 471.00 Td (\(unaudited\) \(thousands of Canadian dollars\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 337.65 479.00 Td (Cen) Tj ET Q q 0 0 0 rg BT 350.02 479.00 Td (tr) Tj ET Q q 0 0 0 rg BT 355.33 479.00 Td (al) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.75 471.00 Td (R) Tj ET Q q 0 0 0 rg BT 342.95 471.00 Td (egion) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.75 479.00 Td (E) Tj ET Q q 0 0 0 rg BT 403.52 479.00 Td (as) Tj ET Q q 0 0 0 rg BT 410.39 479.00 Td (t) Tj ET Q q 0 0 0 rg BT 412.99 479.00 Td (ern) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.75 471.00 Td (R) Tj ET Q q 0 0 0 rg BT 405.95 471.00 Td (egion) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.55 479.00 Td (W) Tj ET Q q 0 0 0 rg BT 466.37 479.00 Td (es) Tj ET Q q 0 0 0 rg BT 473.39 479.00 Td (t) Tj ET Q q 0 0 0 rg BT 475.99 479.00 Td (ern) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.75 471.00 Td (R) Tj ET Q q 0 0 0 rg BT 468.95 471.00 Td (egion) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.30 471.00 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 456.25 Td (T) Tj ET Q q 0 0 0 rg BT 60.59 456.25 Td (ot) Tj ET Q q 0 0 0 rg BT 68.24 456.25 Td (al shopping cen) Tj ET Q q 0 0 0 rg BT 125.09 456.25 Td (tr) Tj ET Q q 0 0 0 rg BT 131.13 456.25 Td (es and de) Tj ET Q q 0 0 0 rg BT 166.13 456.25 Td (v) Tj ET Q q 0 0 0 rg BT 170.10 456.25 Td (elopmen) Tj ET Q q 0 0 0 rg BT 202.43 456.25 Td (t land ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 225.35 460.54 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.00 456.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.80 456.25 Td (3,141,304) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.00 456.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.80 456.25 Td (1,639,162) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 456.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.80 456.25 Td (2,511,585) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.00 456.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.80 456.25 Td (7,292,051) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 444.25 Td (A r) Tj ET Q q 0 0 0 rg BT 67.26 444.25 Td (ec) Tj ET Q q 0 0 0 rg BT 75.47 444.25 Td (oncilia) Tj ET Q q 0 0 0 rg BT 99.17 444.25 Td (tion of shopping cen) Tj ET Q q 0 0 0 rg BT 173.74 444.25 Td (tr) Tj ET Q q 0 0 0 rg BT 179.77 444.25 Td (es and de) Tj ET Q q 0 0 0 rg BT 214.77 444.25 Td (v) Tj ET Q q 0 0 0 rg BT 218.75 444.25 Td (elopmen) Tj ET Q q 0 0 0 rg BT 251.08 444.25 Td (t land t) Tj ET Q q 0 0 0 rg BT 276.92 444.25 Td (o) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 435.25 Td (t) Tj ET Q q 0 0 0 rg BT 68.93 435.25 Td (ot) Tj ET Q q 0 0 0 rg BT 76.58 435.25 Td (al asse) Tj ET Q q 0 0 0 rg BT 100.77 435.25 Td (ts is as f) Tj ET Q q 0 0 0 rg BT 129.38 435.25 Td (ollo) Tj ET Q q 0 0 0 rg BT 142.97 435.25 Td (w) Tj ET Q q 0 0 0 rg BT 149.32 435.25 Td (s:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 423.25 Td (Cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.75 423.25 Td (4,975) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 410.25 Td (Loans, mortgages and other real estate assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.60 410.25 Td (149,230) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 397.25 Td (Other assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.15 397.25 Td (63,220) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 384.25 Td (Amounts receivable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.15 384.25 Td (27,044) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 371.25 Td (Investment in joint venture) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.15 371.25 Td (38,166) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 71.00 358.25 Td (Residential development inventory) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.15 358.25 Td (21,569) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 344.25 Td (Total assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.00 344.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.80 344.25 Td (7,596,255) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 331.34 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.06 328.00 Td ( ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 328.00 Td (Includes in) Tj ET Q q 0 0 0 rg BT 93.33 328.00 Td (v) Tj ET Q q 0 0 0 rg BT 96.43 328.00 Td (es) Tj ET Q q 0 0 0 rg BT 102.57 328.00 Td (tmen) Tj ET Q q 0 0 0 rg BT 117.60 328.00 Td (t pr) Tj ET Q q 0 0 0 rg BT 127.53 328.00 Td (operties classified as held f) Tj ET Q q 0 0 0 rg BT 203.76 328.00 Td (or sale.) Tj ET Q BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 302.20 Td (6) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.10 302.20 Td (. L) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.67 302.20 Td (O) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.95 302.20 Td (ANS, MOR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.50 302.20 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.04 302.20 Td (GA) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.28 302.20 Td (GE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.89 302.20 Td (S AND O) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.53 302.20 Td (THER RE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.71 302.20 Td (AL E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.97 302.20 Td (S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.45 302.20 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.28 302.20 Td (A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.67 302.20 Td (TE ASSET) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.01 302.20 Td (S \(NON-CURRENT\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 285.70000000000005 m 414.5 285.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 270.70000000000005 m 414.5 270.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 285.70000000000005 m 486.5 285.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 270.70000000000005 m 486.5 270.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 285.70000000000005 m 558.5 285.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 270.70000000000005 m 558.5 270.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 244.70000000000005 m 486.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 244.70000000000005 m 558.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 244.70000000000005 m 414.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 229.70000000000005 m 414.5 229.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 244.70000000000005 m 486.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 229.70000000000005 m 486.5 229.70000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 244.70000000000005 m 558.5 244.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 229.70000000000005 m 558.5 229.70000000000005 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 277.20 Td (\(unaudited\) \(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.65 275.20 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 275.20 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 261.45 Td (Loans and mortgages receivable \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 261.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 261.45 Td (65,881) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.00 261.45 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 261.45 Td (68,150) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 248.45 Td (AFS investments in equity securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.55 248.45 Td (3,843) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 248.45 Td (3,631) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 234.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 234.45 Td (69,724) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.00 234.45 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 234.45 Td (71,781) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 212.20 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 72.00 212.20 Td (Loans and mortg) Tj ET Q q 0 0 0 rg BT 139.87 212.20 Td (ag) Tj ET Q q 0 0 0 rg BT 149.29 212.20 Td (es r) Tj ET Q q 0 0 0 rg BT 163.79 212.20 Td (eceiv) Tj ET Q q 0 0 0 rg BT 184.63 212.20 Td (able ar) Tj ET Q q 0 0 0 rg BT 212.35 212.20 Td (e secur) Tj ET Q q 0 0 0 rg BT 241.31 212.20 Td (ed b) Tj ET Q q 0 0 0 rg BT 259.01 212.20 Td (y in) Tj ET Q q 0 0 0 rg BT 273.25 212.20 Td (t) Tj ET Q q 0 0 0 rg BT 276.49 212.20 Td (er) Tj ET Q q 0 0 0 rg BT 284.82 212.20 Td (es) Tj ET Q q 0 0 0 rg BT 293.60 212.20 Td (ts in in) Tj ET Q q 0 0 0 rg BT 320.31 212.20 Td (v) Tj ET Q q 0 0 0 rg BT 324.73 212.20 Td (es) Tj ET Q q 0 0 0 rg BT 333.50 212.20 Td (tmen) Tj ET Q q 0 0 0 rg BT 354.98 212.20 Td (t pr) Tj ET Q q 0 0 0 rg BT 369.17 212.20 Td (operties or shar) Tj ET Q q 0 0 0 rg BT 433.28 212.20 Td (es of en) Tj ET Q q 0 0 0 rg BT 465.15 212.20 Td (tities o) Tj ET Q q 0 0 0 rg BT 492.82 212.20 Td (wning ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 200.20 Td (in) Tj ET Q q 0 0 0 rg BT 79.38 200.20 Td (v) Tj ET Q q 0 0 0 rg BT 83.80 200.20 Td (es) Tj ET Q q 0 0 0 rg BT 92.58 200.20 Td (tmen) Tj ET Q q 0 0 0 rg BT 114.05 200.20 Td (t pr) Tj ET Q q 0 0 0 rg BT 128.24 200.20 Td (operties and bear in) Tj ET Q q 0 0 0 rg BT 209.80 200.20 Td (t) Tj ET Q q 0 0 0 rg BT 213.04 200.20 Td (er) Tj ET Q q 0 0 0 rg BT 221.38 200.20 Td (es) Tj ET Q q 0 0 0 rg BT 230.15 200.20 Td (t a) Tj ET Q q 0 0 0 rg BT 240.46 200.20 Td (t a w) Tj ET Q q 0 0 0 rg BT 260.18 200.20 Td (eigh) Tj ET Q q 0 0 0 rg BT 277.32 200.20 Td (t) Tj ET Q q 0 0 0 rg BT 280.56 200.20 Td (ed a) Tj ET Q q 0 0 0 rg BT 297.67 200.20 Td (v) Tj ET Q q 0 0 0 rg BT 302.09 200.20 Td (er) Tj ET Q q 0 0 0 rg BT 310.35 200.20 Td (ag) Tj ET Q q 0 0 0 rg BT 319.76 200.20 Td (e c) Tj ET Q q 0 0 0 rg BT 331.15 200.20 Td (oupon and e) Tj ET Q q 0 0 0 rg BT 382.16 200.20 Td (f) Tj ET Q q 0 0 0 rg BT 385.12 200.20 Td (f) Tj ET Q q 0 0 0 rg BT 387.92 200.20 Td (ectiv) Tj ET Q q 0 0 0 rg BT 407.19 200.20 Td (e in) Tj ET Q q 0 0 0 rg BT 421.88 200.20 Td (t) Tj ET Q q 0 0 0 rg BT 425.12 200.20 Td (er) Tj ET Q q 0 0 0 rg BT 433.45 200.20 Td (es) Tj ET Q q 0 0 0 rg BT 442.22 200.20 Td (t r) Tj ET Q q 0 0 0 rg BT 451.12 200.20 Td (a) Tj ET Q q 0 0 0 rg BT 455.81 200.20 Td (t) Tj ET Q q 0 0 0 rg BT 459.06 200.20 Td (e as a) Tj ET Q q 0 0 0 rg BT 481.95 200.20 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.56 200.20 Td (Mar) Tj ET Q q 0 0 0 rg BT 504.24 200.20 Td (ch31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 188.20 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 92.27 188.20 Td ( of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.12 188.20 Td (6.3%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 124.93 188.20 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 144.75 188.20 Td (6.4%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 164.56 188.20 Td ( per annum, r) Tj ET Q q 0 0 0 rg BT 219.45 188.20 Td (espectiv) Tj ET Q q 0 0 0 rg BT 252.85 188.20 Td (ely \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 269.94 188.20 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 349.41 188.20 Td ( w) Tj ET Q q 0 0 0 rg BT 365.97 188.20 Td (eigh) Tj ET Q q 0 0 0 rg BT 383.11 188.20 Td (t) Tj ET Q q 0 0 0 rg BT 386.35 188.20 Td (ed a) Tj ET Q q 0 0 0 rg BT 403.46 188.20 Td (v) Tj ET Q q 0 0 0 rg BT 407.88 188.20 Td (er) Tj ET Q q 0 0 0 rg BT 416.14 188.20 Td (ag) Tj ET Q q 0 0 0 rg BT 425.55 188.20 Td (e c) Tj ET Q q 0 0 0 rg BT 436.94 188.20 Td (oupon and e) Tj ET Q q 0 0 0 rg BT 487.95 188.20 Td (f) Tj ET Q q 0 0 0 rg BT 490.91 188.20 Td (f) Tj ET Q q 0 0 0 rg BT 493.71 188.20 Td (ectiv) Tj ET Q q 0 0 0 rg BT 512.98 188.20 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 176.20 Td (in) Tj ET Q q 0 0 0 rg BT 79.46 176.20 Td (t) Tj ET Q q 0 0 0 rg BT 82.70 176.20 Td (er) Tj ET Q q 0 0 0 rg BT 91.03 176.20 Td (es) Tj ET Q q 0 0 0 rg BT 99.80 176.20 Td (t r) Tj ET Q q 0 0 0 rg BT 108.69 176.20 Td (a) Tj ET Q q 0 0 0 rg BT 113.39 176.20 Td (t) Tj ET Q q 0 0 0 rg BT 116.63 176.20 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.46 176.20 Td (6.3%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 154.27 176.20 Td ( per annum\). The loans and mortg) Tj ET Q q 0 0 0 rg BT 292.19 176.20 Td (ag) Tj ET Q q 0 0 0 rg BT 301.60 176.20 Td (es r) Tj ET Q q 0 0 0 rg BT 316.10 176.20 Td (eceiv) Tj ET Q q 0 0 0 rg BT 336.95 176.20 Td (able ma) Tj ET Q q 0 0 0 rg BT 369.21 176.20 Td (tur) Tj ET Q q 0 0 0 rg BT 381.17 176.20 Td (e be) Tj ET Q q 0 0 0 rg BT 398.58 176.20 Td (tw) Tj ET Q q 0 0 0 rg BT 408.99 176.20 Td (een 2014 and 2025.) Tj ET Q endstream endobj 155 0 obj <> endobj 156 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (76) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 694.50 Td (Scheduled principal r) Tj ET Q q 0 0 0 rg BT 139.11 694.50 Td (eceip) Tj ET Q q 0 0 0 rg BT 160.80 694.50 Td (ts of curr) Tj ET Q q 0 0 0 rg BT 197.23 694.50 Td (en) Tj ET Q q 0 0 0 rg BT 207.36 694.50 Td (t and non-curr) Tj ET Q q 0 0 0 rg BT 265.70 694.50 Td (en) Tj ET Q q 0 0 0 rg BT 275.84 694.50 Td (t loans and mortg) Tj ET Q q 0 0 0 rg BT 347.41 694.50 Td (ag) Tj ET Q q 0 0 0 rg BT 356.82 694.50 Td (es r) Tj ET Q q 0 0 0 rg BT 371.32 694.50 Td (eceiv) Tj ET Q q 0 0 0 rg BT 392.17 694.50 Td (able as a) Tj ET Q q 0 0 0 rg BT 427.40 694.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 433.01 694.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 449.69 694.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 496.60 694.50 Td ( ar) Tj ET Q q 0 0 0 rg BT 507.01 694.50 Td (e as f) Tj ET Q q 0 0 0 rg BT 528.05 694.50 Td (ollo) Tj ET Q q 0 0 0 rg BT 543.15 694.50 Td (w) Tj ET Q q 0 0 0 rg BT 550.21 694.50 Td (s:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53 684 m 363 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53 652 m 363 652 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 684 m 428 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 363 652 m 428 652 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 684 m 493 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428 652 m 493 652 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 684 m 558 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 652 m 558 652 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 363 652 m 428 652 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 652 m 558 652 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 363 587 m 428 587 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53 587 m 363 587 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53 574 m 363 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 363 587 m 428 587 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 363 574 m 428 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428 587 m 493 587 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428 574 m 493 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 587 m 558 587 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 574 m 558 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 363 574 m 428 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 363 552 m 428 552 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428 574 m 493 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428 552 m 493 552 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 574 m 558 574 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 552 m 558 552 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53 552 m 363 552 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53 537 m 363 537 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 363 552 m 428 552 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 537 m 428 537 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428 552 m 493 552 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 537 m 493 537 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 552 m 558 552 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 537 m 558 537 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 537 m 493 537 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 537 m 558 537 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 507 m 558 507 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53 507 m 363 507 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53 492 m 363 492 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 363 507 m 428 507 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 492 m 428 492 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428 507 m 493 507 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 492 m 493 492 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 492 m 558 492 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 55.50 656.50 Td (\(unaudited\) \(thousands of Canadian dollars, except other data\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.65 664.50 Td (P) Tj ET Q q 0 0 0 rg BT 386.61 664.50 Td (a) Tj ET Q q 0 0 0 rg BT 390.29 664.50 Td (ymen) Tj ET Q q 0 0 0 rg BT 408.42 664.50 Td (ts on) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.05 656.50 Td (Ma) Tj ET Q q 0 0 0 rg BT 406.65 656.50 Td (turity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.80 656.50 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.15 672.50 Td (Weighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.90 664.50 Td (Average Effective) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.90 656.50 Td (Interest Rate) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.50 641.75 Td (2014 \(remainder of the year\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.50 642.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.65 642.75 Td (35,123) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.50 642.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.65 642.75 Td (35,123) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.05 642.75 Td (9.19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.05 642.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.50 628.75 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.25 629.75 Td (7,732) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.25 629.75 Td (7,732) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.50 629.75 Td (10.37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.05 629.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.50 615.75 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.25 616.75 Td (5,979) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.25 616.75 Td (5,979) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.05 616.75 Td (8.50) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.05 616.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.50 602.75 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.25 603.75 Td (3,522) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.25 603.75 Td (3,522) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.05 603.75 Td (5.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.05 603.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.50 589.75 Td (2019 to 2025) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.65 590.75 Td (47,845) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.65 590.75 Td (47,845) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.05 590.75 Td (5.53) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.05 590.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.50 577.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.10 577.75 Td (100,201) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.50 577.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.10 577.75 Td (100,201) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.05 577.75 Td (7.35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.05 577.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.50 563.75 Td (Unamortized deferred financing fees, premiums and discounts, net and interest) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.50 554.75 Td (receivable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.25 556.75 Td (1,097) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.50 542.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.10 542.75 Td (101,298) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.50 526.75 Td (Current \(Note 7\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.50 526.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.65 526.75 Td (35,417) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.05 526.75 Td (9.19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.05 526.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.50 511.75 Td (Non-current) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.65 512.75 Td (65,881) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.05 511.75 Td (6.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.05 511.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.50 497.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.10 497.75 Td (101,298) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.05 496.75 Td (7.35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.05 496.75 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 477.50 Td (As a) Tj ET Q q 0 0 0 rg BT 70.66 477.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.27 477.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 92.95 477.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.85 477.50 Td (, the f) Tj ET Q q 0 0 0 rg BT 163.31 477.50 Td (air v) Tj ET Q q 0 0 0 rg BT 180.51 477.50 Td (alue of the Compan) Tj ET Q q 0 0 0 rg BT 260.22 477.50 Td (y's loans and mortg) Tj ET Q q 0 0 0 rg BT 339.08 477.50 Td (ag) Tj ET Q q 0 0 0 rg BT 348.50 477.50 Td (es r) Tj ET Q q 0 0 0 rg BT 363.00 477.50 Td (eceiv) Tj ET Q q 0 0 0 rg BT 383.84 477.50 Td (able w) Tj ET Q q 0 0 0 rg BT 410.46 477.50 Td (as appr) Tj ET Q q 0 0 0 rg BT 440.04 477.50 Td (o) Tj ET Q q 0 0 0 rg BT 445.12 477.50 Td (xima) Tj ET Q q 0 0 0 rg BT 464.43 477.50 Td (t) Tj ET Q q 0 0 0 rg BT 467.67 477.50 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 481.73 477.50 Td ($100.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 539.55 477.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 465.50 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 57.03 465.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 136.50 465.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.00 465.50 Td ($91.6 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.75 465.50 Td (\). ) Tj ET Q BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 439.70 Td (7) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.10 439.70 Td (. L) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.67 439.70 Td (O) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.95 439.70 Td (ANS, MOR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.50 439.70 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.04 439.70 Td (GA) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.28 439.70 Td (GE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.89 439.70 Td (S AND O) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.53 439.70 Td (THER RE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.71 439.70 Td (AL E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.97 439.70 Td (S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 310.45 439.70 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.28 439.70 Td (A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.67 439.70 Td (TE ASSET) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 376.01 439.70 Td (S \(CURRENT\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 423.2 m 414.5 423.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 408.2 m 414.5 408.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 423.2 m 486.5 423.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 408.2 m 486.5 408.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 423.2 m 558.5 423.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 408.2 m 558.5 408.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 339.2 m 414.5 339.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 339.2 m 486.5 339.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 339.2 m 558.5 339.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 324.2 m 414.5 324.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 324.2 m 486.5 324.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 324.2 m 558.5 324.2 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 412.70 Td (\(unaudited\) \(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.65 412.70 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 412.70 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 398.95 Td (FVTPL investments in equity securities \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 398.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 398.95 Td (31,180) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.00 398.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 398.95 Td (27,764) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 385.95 Td (AFS investments in equity securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.45 385.95 Td (347) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 385.95 Td (455) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 372.95 Td (Loans and mortgages receivable \(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 372.95 Td (35,417) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 372.95 Td (24,457) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 359.95 Td (Loans receivable from sales of residential inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 358.95 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 358.95 Td (22,522) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 344.95 Td (Other receivable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.55 343.95 Td (2,251) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 343.95 Td (2,251) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 328.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 328.95 Td (69,195) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.00 328.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 328.95 Td (77,449) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 306.70 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 67.50 306.70 Td (The Compan) Tj ET Q q 0 0 0 rg BT 118.57 306.70 Td (y in) Tj ET Q q 0 0 0 rg BT 132.74 306.70 Td (v) Tj ET Q q 0 0 0 rg BT 137.16 306.70 Td (es) Tj ET Q q 0 0 0 rg BT 145.93 306.70 Td (ts fr) Tj ET Q q 0 0 0 rg BT 161.83 306.70 Td (om time t) Tj ET Q q 0 0 0 rg BT 201.47 306.70 Td (o time in publicly tr) Tj ET Q q 0 0 0 rg BT 279.98 306.70 Td (aded r) Tj ET Q q 0 0 0 rg BT 305.87 306.70 Td (eal es) Tj ET Q q 0 0 0 rg BT 328.96 306.70 Td (t) Tj ET Q q 0 0 0 rg BT 332.19 306.70 Td (a) Tj ET Q q 0 0 0 rg BT 336.89 306.70 Td (t) Tj ET Q q 0 0 0 rg BT 340.13 306.70 Td (e and r) Tj ET Q q 0 0 0 rg BT 368.28 306.70 Td (ela) Tj ET Q q 0 0 0 rg BT 380.25 306.70 Td (t) Tj ET Q q 0 0 0 rg BT 383.49 306.70 Td (ed securities. These securities ar) Tj ET Q q 0 0 0 rg BT 514.79 306.70 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 294.70 Td (r) Tj ET Q q 0 0 0 rg BT 70.85 294.70 Td (ec) Tj ET Q q 0 0 0 rg BT 79.98 294.70 Td (or) Tj ET Q q 0 0 0 rg BT 88.60 294.70 Td (ded a) Tj ET Q q 0 0 0 rg BT 111.04 294.70 Td (t mark) Tj ET Q q 0 0 0 rg BT 137.14 294.70 Td (e) Tj ET Q q 0 0 0 rg BT 142.06 294.70 Td (t v) Tj ET Q q 0 0 0 rg BT 152.04 294.70 Td (alue. Unr) Tj ET Q q 0 0 0 rg BT 189.17 294.70 Td (ealiz) Tj ET Q q 0 0 0 rg BT 207.25 294.70 Td (ed g) Tj ET Q q 0 0 0 rg BT 224.26 294.70 Td (ains and losses on FVTPL securities ar) Tj ET Q q 0 0 0 rg BT 375.51 294.70 Td (e r) Tj ET Q q 0 0 0 rg BT 386.10 294.70 Td (ec) Tj ET Q q 0 0 0 rg BT 395.22 294.70 Td (or) Tj ET Q q 0 0 0 rg BT 403.85 294.70 Td (ded in other g) Tj ET Q q 0 0 0 rg BT 460.52 294.70 Td (ains \(losses\) and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 282.70 Td (\(e) Tj ET Q q 0 0 0 rg BT 75.36 282.70 Td (xpenses\). ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 264.70 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 67.50 264.70 Td (The Compan) Tj ET Q q 0 0 0 rg BT 118.57 264.70 Td (y has loans and mortg) Tj ET Q q 0 0 0 rg BT 207.53 264.70 Td (ag) Tj ET Q q 0 0 0 rg BT 216.95 264.70 Td (es r) Tj ET Q q 0 0 0 rg BT 231.45 264.70 Td (eceiv) Tj ET Q q 0 0 0 rg BT 252.29 264.70 Td (able secur) Tj ET Q q 0 0 0 rg BT 293.59 264.70 Td (ed b) Tj ET Q q 0 0 0 rg BT 311.29 264.70 Td (y in) Tj ET Q q 0 0 0 rg BT 325.53 264.70 Td (t) Tj ET Q q 0 0 0 rg BT 328.77 264.70 Td (er) Tj ET Q q 0 0 0 rg BT 337.10 264.70 Td (es) Tj ET Q q 0 0 0 rg BT 345.88 264.70 Td (ts in in) Tj ET Q q 0 0 0 rg BT 372.59 264.70 Td (v) Tj ET Q q 0 0 0 rg BT 377.01 264.70 Td (es) Tj ET Q q 0 0 0 rg BT 385.79 264.70 Td (tmen) Tj ET Q q 0 0 0 rg BT 407.26 264.70 Td (t pr) Tj ET Q q 0 0 0 rg BT 421.45 264.70 Td (operties \(or shar) Tj ET Q q 0 0 0 rg BT 488.59 264.70 Td (es of en) Tj ET Q q 0 0 0 rg BT 520.46 264.70 Td (tities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 252.70 Td (o) Tj ET Q q 0 0 0 rg BT 72.73 252.70 Td (wning in) Tj ET Q q 0 0 0 rg BT 107.04 252.70 Td (v) Tj ET Q q 0 0 0 rg BT 111.46 252.70 Td (es) Tj ET Q q 0 0 0 rg BT 120.23 252.70 Td (tmen) Tj ET Q q 0 0 0 rg BT 141.70 252.70 Td (t pr) Tj ET Q q 0 0 0 rg BT 155.89 252.70 Td (operties\) and bear in) Tj ET Q q 0 0 0 rg BT 240.49 252.70 Td (t) Tj ET Q q 0 0 0 rg BT 243.73 252.70 Td (er) Tj ET Q q 0 0 0 rg BT 252.06 252.70 Td (es) Tj ET Q q 0 0 0 rg BT 260.83 252.70 Td (t a) Tj ET Q q 0 0 0 rg BT 271.14 252.70 Td (t a w) Tj ET Q q 0 0 0 rg BT 290.86 252.70 Td (eigh) Tj ET Q q 0 0 0 rg BT 308.00 252.70 Td (t) Tj ET Q q 0 0 0 rg BT 311.25 252.70 Td (ed a) Tj ET Q q 0 0 0 rg BT 328.36 252.70 Td (v) Tj ET Q q 0 0 0 rg BT 332.78 252.70 Td (er) Tj ET Q q 0 0 0 rg BT 341.04 252.70 Td (ag) Tj ET Q q 0 0 0 rg BT 350.45 252.70 Td (e c) Tj ET Q q 0 0 0 rg BT 361.83 252.70 Td (oupon and e) Tj ET Q q 0 0 0 rg BT 412.85 252.70 Td (f) Tj ET Q q 0 0 0 rg BT 415.80 252.70 Td (f) Tj ET Q q 0 0 0 rg BT 418.60 252.70 Td (ectiv) Tj ET Q q 0 0 0 rg BT 437.87 252.70 Td (e in) Tj ET Q q 0 0 0 rg BT 452.56 252.70 Td (t) Tj ET Q q 0 0 0 rg BT 455.81 252.70 Td (er) Tj ET Q q 0 0 0 rg BT 464.14 252.70 Td (es) Tj ET Q q 0 0 0 rg BT 472.91 252.70 Td (t r) Tj ET Q q 0 0 0 rg BT 481.80 252.70 Td (a) Tj ET Q q 0 0 0 rg BT 486.50 252.70 Td (t) Tj ET Q q 0 0 0 rg BT 489.74 252.70 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 507.56 252.70 Td (9.2%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 527.37 252.70 Td ( per ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 240.70 Td (annum \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.33 240.70 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 180.80 240.70 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 190.30 240.70 Td (9.5%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 210.11 240.70 Td ( per annum\). The loans and mortg) Tj ET Q q 0 0 0 rg BT 348.03 240.70 Td (ag) Tj ET Q q 0 0 0 rg BT 357.44 240.70 Td (es r) Tj ET Q q 0 0 0 rg BT 371.94 240.70 Td (eceiv) Tj ET Q q 0 0 0 rg BT 392.79 240.70 Td (able ma) Tj ET Q q 0 0 0 rg BT 425.05 240.70 Td (tur) Tj ET Q q 0 0 0 rg BT 437.01 240.70 Td (e during the 12 mon) Tj ET Q q 0 0 0 rg BT 519.41 240.70 Td (ths ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 228.70 Td (ending Mar) Tj ET Q q 0 0 0 rg BT 114.18 228.70 Td (ch 31, 2015. R) Tj ET Q q 0 0 0 rg BT 171.13 228.70 Td (e) Tj ET Q q 0 0 0 rg BT 176.02 228.70 Td (f) Tj ET Q q 0 0 0 rg BT 178.82 228.70 Td (er t) Tj ET Q q 0 0 0 rg BT 192.79 228.70 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 200.33 228.70 Td (Not) Tj ET Q q 0 0 0 rg BT 215.30 228.70 Td (e 6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.60 228.70 Td (\(a\).) Tj ET Q endstream endobj 157 0 obj <> endobj 158 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 736.70 Td (NO) Tj ET Q q 0 0 0 rg BT 66.82 736.70 Td (TE) Tj ET Q q 0 0 0 rg BT 75.58 736.70 Td (S T) Tj ET Q q 0 0 0 rg BT 86.08 736.70 Td (O THE INTERIM C) Tj ET Q q 0 0 0 rg BT 150.00 736.70 Td (ONSOLID) Tj ET Q q 0 0 0 rg BT 184.02 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 188.77 736.70 Td (TED FINANCIAL S) Tj ET Q q 0 0 0 rg BT 251.79 736.70 Td (T) Tj ET Q q 0 0 0 rg BT 255.54 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 260.29 736.70 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 291.73 736.70 Td (S c) Tj ET Q q 0 0 0 rg BT 308.26 736.70 Td (on) Tj ET Q q 0 0 0 rg BT 317.84 736.70 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (77) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (8) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.10 691.50 Td (. AMOUNT) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.41 691.50 Td (S RE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 147.70 691.50 Td (CEIV) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 173.21 691.50 Td (ABLE) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 675 m 375.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 660 m 375.5 660 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 675 m 414.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 375.5 660 m 414.5 660 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 675 m 486.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 660 m 486.5 660 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 675 m 558.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 660 m 558.5 660 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 610 m 375.5 610 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 595 m 375.5 595 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 375.5 610 m 414.5 610 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 595 m 414.5 595 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 610 m 486.5 610 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 595 m 486.5 595 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 610 m 558.5 610 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 595 m 558.5 595 l s BT /F4 8.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 57.00 664.50 Td (\(unaudited\) \(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 431.65 664.50 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 664.50 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 650.75 Td (T) Tj ET Q q 0 0 0 rg BT 60.83 650.75 Td (r) Tj ET Q q 0 0 0 rg BT 63.78 650.75 Td (ade r) Tj ET Q q 0 0 0 rg BT 82.35 650.75 Td (eceiv) Tj ET Q q 0 0 0 rg BT 101.11 650.75 Td (ables \(ne) Tj ET Q q 0 0 0 rg BT 134.14 650.75 Td (t of allo) Tj ET Q q 0 0 0 rg BT 161.87 650.75 Td (w) Tj ET Q q 0 0 0 rg BT 168.20 650.75 Td (ances f) Tj ET Q q 0 0 0 rg BT 193.63 650.75 Td (or doub) Tj ET Q q 0 0 0 rg BT 222.45 650.75 Td (tful acc) Tj ET Q q 0 0 0 rg BT 248.88 650.75 Td (oun) Tj ET Q q 0 0 0 rg BT 263.00 650.75 Td (ts of $3.1 million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 641.75 Td (\(December 31, 2013 $2.8 million\)\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 642.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 642.75 Td (24,555) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.00 642.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 642.75 Td (17,161) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 628.75 Td (Construction and development related chargebacks and receivables) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.45 628.75 Td (374) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 628.75 Td (348) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 614.75 Td (Corporate and other amounts receivable \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.55 614.75 Td (9,341) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 614.75 Td (9,535) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 599.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 599.75 Td (34,270) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.00 599.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 599.75 Td (27,044) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 577.50 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 67.50 577.50 Td (Includes ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 103.45 577.50 Td ($8.4 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 151.14 577.50 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 156.43 577.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 235.89 577.50 Td ( $) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 250.46 577.50 Td (8.4 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 293.08 577.50 Td (\) of es) Tj ET Q q 0 0 0 rg BT 317.73 577.50 Td (tima) Tj ET Q q 0 0 0 rg BT 336.06 577.50 Td (t) Tj ET Q q 0 0 0 rg BT 339.31 577.50 Td (ed insur) Tj ET Q q 0 0 0 rg BT 371.79 577.50 Td (ance and indemnity pr) Tj ET Q q 0 0 0 rg BT 462.89 577.50 Td (oceeds ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 565.50 Td (r) Tj ET Q q 0 0 0 rg BT 70.85 565.50 Td (eceiv) Tj ET Q q 0 0 0 rg BT 91.70 565.50 Td (able r) Tj ET Q q 0 0 0 rg BT 114.63 565.50 Td (ela) Tj ET Q q 0 0 0 rg BT 126.60 565.50 Td (ting t) Tj ET Q q 0 0 0 rg BT 147.71 565.50 Td (o en) Tj ET Q q 0 0 0 rg BT 165.31 565.50 Td (vir) Tj ET Q q 0 0 0 rg BT 175.45 565.50 Td (onmen) Tj ET Q q 0 0 0 rg BT 204.10 565.50 Td (t) Tj ET Q q 0 0 0 rg BT 207.33 565.50 Td (al r) Tj ET Q q 0 0 0 rg BT 220.03 565.50 Td (emedia) Tj ET Q q 0 0 0 rg BT 250.21 565.50 Td (tion \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 271.68 565.50 Td (Not) Tj ET Q q 0 0 0 rg BT 286.65 565.50 Td (e 14) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 304.02 565.50 Td (\(a\)\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 547.50 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 547.50 Td (y de) Tj ET Q q 0 0 0 rg BT 122.03 547.50 Td (t) Tj ET Q q 0 0 0 rg BT 125.27 547.50 Td (ermines its allo) Tj ET Q q 0 0 0 rg BT 186.85 547.50 Td (w) Tj ET Q q 0 0 0 rg BT 193.89 547.50 Td (ance f) Tj ET Q q 0 0 0 rg BT 218.24 547.50 Td (or doub) Tj ET Q q 0 0 0 rg BT 250.25 547.50 Td (tful acc) Tj ET Q q 0 0 0 rg BT 279.63 547.50 Td (oun) Tj ET Q q 0 0 0 rg BT 295.31 547.50 Td (ts on a t) Tj ET Q q 0 0 0 rg BT 327.92 547.50 Td (enan) Tj ET Q q 0 0 0 rg BT 348.10 547.50 Td (t) Tj ET Q q 0 0 0 rg BT 351.14 547.50 Td (-b) Tj ET Q q 0 0 0 rg BT 359.41 547.50 Td (y) Tj ET Q q 0 0 0 rg BT 363.71 547.50 Td (-t) Tj ET Q q 0 0 0 rg BT 370.02 547.50 Td (enan) Tj ET Q q 0 0 0 rg BT 390.20 547.50 Td (t basis c) Tj ET Q q 0 0 0 rg BT 422.37 547.50 Td (onsidering lease t) Tj ET Q q 0 0 0 rg BT 493.79 547.50 Td (erms, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 535.50 Td (indus) Tj ET Q q 0 0 0 rg BT 75.86 535.50 Td (tr) Tj ET Q q 0 0 0 rg BT 82.74 535.50 Td (y c) Tj ET Q q 0 0 0 rg BT 93.67 535.50 Td (onditions, and the s) Tj ET Q q 0 0 0 rg BT 173.79 535.50 Td (t) Tj ET Q q 0 0 0 rg BT 177.01 535.50 Td (a) Tj ET Q q 0 0 0 rg BT 181.71 535.50 Td (tus of the t) Tj ET Q q 0 0 0 rg BT 226.15 535.50 Td (enan) Tj ET Q q 0 0 0 rg BT 246.33 535.50 Td (t) Tj ET Q q 0 0 0 rg BT 250.03 535.50 Td () Tj ET Q q 0 0 0 rg BT 251.92 535.50 Td (s acc) Tj ET Q q 0 0 0 rg BT 271.25 535.50 Td (oun) Tj ET Q q 0 0 0 rg BT 286.94 535.50 Td (t, among other f) Tj ET Q q 0 0 0 rg BT 352.77 535.50 Td (act) Tj ET Q q 0 0 0 rg BT 365.04 535.50 Td (or) Tj ET Q q 0 0 0 rg BT 373.63 535.50 Td (s. ) Tj ET Q BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 509.70 Td (9) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.10 509.70 Td (. O) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.16 509.70 Td (THER ASSET) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.21 509.70 Td (S) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 493.2 m 352.5 493.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 478.2 m 352.5 478.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 493.2 m 402.5 493.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 352.5 478.2 m 402.5 478.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 493.2 m 475.5 493.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 478.2 m 475.5 478.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 493.2 m 548.5 493.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.5 478.2 m 548.5 478.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 419.2 m 352.5 419.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 404.2 m 352.5 404.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 352.5 419.2 m 402.5 419.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 404.2 m 402.5 404.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 419.2 m 475.5 419.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 404.2 m 475.5 404.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.5 419.2 m 548.5 419.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 404.2 m 548.5 404.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 300.2 m 352.5 300.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 300.2 m 402.5 300.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 300.2 m 475.5 300.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 300.2 m 548.5 300.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 285.2 m 352.5 285.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 285.2 m 402.5 285.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 285.2 m 475.5 285.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 285.2 m 548.5 285.2 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 484.70 Td (\(unaudited\) \(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.85 482.70 Td (Note) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.65 482.70 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.40 482.70 Td (December 31, 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 468.95 Td (Non-current) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 455.95 Td (Fixtures, equipment and computer hardware and software) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 446.95 Td (\(net of accumulated amortization of $8.9 million\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.00 446.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.55 446.95 Td (7,915) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 446.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.75 446.95 Td (8,070) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 432.95 Td (Deferred financing costs on credit facilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 423.95 Td (\(net of accumulated amortization of $2.6 million\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.55 423.95 Td (1,303) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.75 423.95 Td (1,451) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.00 408.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.55 408.95 Td (9,218) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 408.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.75 408.95 Td (9,521) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 394.95 Td (Current) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 381.95 Td (Deposits and costs on investment properties under option \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.00 381.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 381.95 Td (18,465) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 381.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.75 381.95 Td (8,095) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 368.95 Td (Prepaid expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 368.95 Td (14,318) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.75 368.95 Td (6,648) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 355.95 Td (Other deposits) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.55 355.95 Td (2,252) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.75 355.95 Td (2,826) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 342.95 Td (Restricted cash) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.30 342.95 Td (15 \(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 342.95 Td (11,683) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.15 342.95 Td (10,366) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 329.95 Td (Derivatives at fair value) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.50 329.95 Td (15 \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.55 329.95 Td (1,166) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.75 329.95 Td (3,148) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 316.95 Td (Residential inventory deposits) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.00 316.95 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.75 316.95 Td (5,189) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 303.95 Td (Held to maturity investment in bond \(b\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.30 303.95 Td (15 \(d\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 303.95 Td (17,073) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.15 303.95 Td (17,427) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.00 289.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 289.95 Td (64,957) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 289.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.15 289.95 Td (53,699) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 273.70 Td (\(a\) An acquisition of a de) Tj ET Q q 0 0 0 rg BT 159.21 273.70 Td (v) Tj ET Q q 0 0 0 rg BT 163.63 273.70 Td (elopmen) Tj ET Q q 0 0 0 rg BT 199.56 273.70 Td (t land par) Tj ET Q q 0 0 0 rg BT 238.40 273.70 Td (cel of $15 million closed in April 2014. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 255.70 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 72.00 255.70 Td (In c) Tj ET Q q 0 0 0 rg BT 86.18 255.70 Td (onnection with the acquisition of a pr) Tj ET Q q 0 0 0 rg BT 238.42 255.70 Td (operty) Tj ET Q q 0 0 0 rg BT 264.57 255.70 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 318.88 255.70 Td (y assumed a thir) Tj ET Q q 0 0 0 rg BT 385.31 255.70 Td (d-party loan tha) Tj ET Q q 0 0 0 rg BT 450.46 255.70 Td (t had pr) Tj ET Q q 0 0 0 rg BT 482.24 255.70 Td (e) Tj ET Q q 0 0 0 rg BT 487.17 255.70 Td (viously been ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 243.70 Td (de) Tj ET Q q 0 0 0 rg BT 82.14 243.70 Td (f) Tj ET Q q 0 0 0 rg BT 84.94 243.70 Td (eased. The de) Tj ET Q q 0 0 0 rg BT 141.14 243.70 Td (f) Tj ET Q q 0 0 0 rg BT 143.94 243.70 Td (easance c) Tj ET Q q 0 0 0 rg BT 183.27 243.70 Td (olla) Tj ET Q q 0 0 0 rg BT 197.83 243.70 Td (t) Tj ET Q q 0 0 0 rg BT 201.08 243.70 Td (er) Tj ET Q q 0 0 0 rg BT 209.33 243.70 Td (al is a bond issued b) Tj ET Q q 0 0 0 rg BT 290.56 243.70 Td (y an ag) Tj ET Q q 0 0 0 rg BT 319.07 243.70 Td (ency of the Canadian f) Tj ET Q q 0 0 0 rg BT 409.56 243.70 Td (eder) Tj ET Q q 0 0 0 rg BT 428.04 243.70 Td (al g) Tj ET Q q 0 0 0 rg BT 442.03 243.70 Td (o) Tj ET Q q 0 0 0 rg BT 447.26 243.70 Td (v) Tj ET Q q 0 0 0 rg BT 451.68 243.70 Td (ernmen) Tj ET Q q 0 0 0 rg BT 483.52 243.70 Td (t with an e) Tj ET Q q 0 0 0 rg BT 526.63 243.70 Td (f) Tj ET Q q 0 0 0 rg BT 529.58 243.70 Td (f) Tj ET Q q 0 0 0 rg BT 532.39 243.70 Td (ectiv) Tj ET Q q 0 0 0 rg BT 551.65 243.70 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 231.70 Td (in) Tj ET Q q 0 0 0 rg BT 79.46 231.70 Td (t) Tj ET Q q 0 0 0 rg BT 82.70 231.70 Td (er) Tj ET Q q 0 0 0 rg BT 91.03 231.70 Td (es) Tj ET Q q 0 0 0 rg BT 99.80 231.70 Td (t r) Tj ET Q q 0 0 0 rg BT 108.69 231.70 Td (a) Tj ET Q q 0 0 0 rg BT 113.39 231.70 Td (t) Tj ET Q q 0 0 0 rg BT 116.63 231.70 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.46 231.70 Td (1.25%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 159.33 231.70 Td ( per annum \(c) Tj ET Q q 0 0 0 rg BT 215.55 231.70 Td (on) Tj ET Q q 0 0 0 rg BT 225.98 231.70 Td (tr) Tj ET Q q 0 0 0 rg BT 232.62 231.70 Td (actual r) Tj ET Q q 0 0 0 rg BT 262.86 231.70 Td (a) Tj ET Q q 0 0 0 rg BT 267.56 231.70 Td (t) Tj ET Q q 0 0 0 rg BT 270.80 231.70 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 288.63 231.70 Td (5.96%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.50 231.70 Td ( per annum\) and ma) Tj ET Q q 0 0 0 rg BT 395.82 231.70 Td (tur) Tj ET Q q 0 0 0 rg BT 407.78 231.70 Td (es in No) Tj ET Q q 0 0 0 rg BT 440.42 231.70 Td (v) Tj ET Q q 0 0 0 rg BT 444.84 231.70 Td (ember 2014 \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 499.34 231.70 Td (Not) Tj ET Q q 0 0 0 rg BT 514.31 231.70 Td (e 15) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 531.69 231.70 Td (\(d\)\). ) Tj ET Q endstream endobj 159 0 obj <> endobj 160 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (78) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (10) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.19 691.50 Td (. 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Primar) Tj ET Q q 0 0 0 rg BT 264.03 625.50 Td (y uses of c) Tj ET Q q 0 0 0 rg BT 305.87 625.50 Td (apit) Tj ET Q q 0 0 0 rg BT 321.43 625.50 Td (al include de) Tj ET Q q 0 0 0 rg BT 372.77 625.50 Td (v) Tj ET Q q 0 0 0 rg BT 377.19 625.50 Td (elopmen) Tj ET Q q 0 0 0 rg BT 413.12 625.50 Td (t activities, acquisitions, c) Tj ET Q q 0 0 0 rg BT 516.50 625.50 Td (apit) Tj ET Q q 0 0 0 rg BT 532.07 625.50 Td (al ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 613.50 Td (impr) Tj ET Q q 0 0 0 rg BT 72.86 613.50 Td (o) Tj ET Q q 0 0 0 rg BT 78.09 613.50 Td (v) Tj ET Q q 0 0 0 rg BT 82.51 613.50 Td (emen) Tj ET Q q 0 0 0 rg BT 105.61 613.50 Td (ts, leasing c) Tj ET Q q 0 0 0 rg BT 152.26 613.50 Td (os) Tj ET Q q 0 0 0 rg BT 161.33 613.50 Td (ts and deb) Tj ET Q q 0 0 0 rg BT 203.85 613.50 Td (t principal r) Tj ET Q q 0 0 0 rg BT 250.23 613.50 Td (epa) Tj ET Q q 0 0 0 rg BT 265.06 613.50 Td (ymen) Tj ET Q q 0 0 0 rg BT 287.72 613.50 Td (ts. The actual le) Tj ET Q q 0 0 0 rg BT 351.31 613.50 Td (v) Tj ET Q q 0 0 0 rg BT 355.73 613.50 Td (el and type of futur) Tj ET Q q 0 0 0 rg BT 434.04 613.50 Td (e financings t) Tj ET Q q 0 0 0 rg BT 487.83 613.50 Td (o fund these ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 601.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 601.50 Td (apit) Tj ET Q q 0 0 0 rg BT 73.71 601.50 Td (al r) Tj ET Q q 0 0 0 rg BT 86.41 601.50 Td (equir) Tj ET Q q 0 0 0 rg BT 107.54 601.50 Td (emen) Tj ET Q q 0 0 0 rg BT 130.65 601.50 Td (ts will be de) Tj ET Q q 0 0 0 rg BT 179.13 601.50 Td (t) Tj ET Q q 0 0 0 rg BT 182.37 601.50 Td (ermined based on pr) Tj ET Q q 0 0 0 rg BT 266.70 601.50 Td (e) Tj ET Q q 0 0 0 rg BT 271.63 601.50 Td (v) Tj ET Q q 0 0 0 rg BT 276.00 601.50 Td (ailing in) Tj ET Q q 0 0 0 rg BT 307.35 601.50 Td (t) Tj ET Q q 0 0 0 rg BT 310.59 601.50 Td (er) Tj ET Q q 0 0 0 rg BT 318.92 601.50 Td (es) Tj ET Q q 0 0 0 rg BT 327.70 601.50 Td (t r) Tj ET Q q 0 0 0 rg BT 336.59 601.50 Td (a) Tj ET Q q 0 0 0 rg BT 341.29 601.50 Td (t) Tj ET Q q 0 0 0 rg BT 344.53 601.50 Td (es, v) Tj ET Q q 0 0 0 rg BT 362.54 601.50 Td (arious c) Tj ET Q q 0 0 0 rg BT 393.96 601.50 Td (os) Tj ET Q q 0 0 0 rg BT 403.03 601.50 Td (ts of deb) Tj ET Q q 0 0 0 rg BT 438.58 601.50 Td (t and/) Tj ET Q q 0 0 0 rg BT 463.17 601.50 Td (or equity c) Tj ET Q q 0 0 0 rg BT 506.26 601.50 Td (apit) Tj ET Q q 0 0 0 rg BT 521.82 601.50 Td (al, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 589.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 589.50 Td (apit) Tj ET Q q 0 0 0 rg BT 73.71 589.50 Td (al mark) Tj ET Q q 0 0 0 rg BT 103.55 589.50 Td (e) Tj ET Q q 0 0 0 rg BT 108.47 589.50 Td (t c) Tj ET Q q 0 0 0 rg BT 118.22 589.50 Td (onditions and manag) Tj ET Q q 0 0 0 rg BT 203.65 589.50 Td (emen) Tj ET Q q 0 0 0 rg BT 226.75 589.50 Td (t) Tj ET Q q 0 0 0 rg BT 230.45 589.50 Td () Tj ET Q q 0 0 0 rg BT 232.33 589.50 Td (s g) Tj ET Q q 0 0 0 rg BT 243.13 589.50 Td (ener) Tj ET Q q 0 0 0 rg BT 261.61 589.50 Td (al vie) Tj ET Q q 0 0 0 rg BT 282.70 589.50 Td (w of the r) Tj ET Q q 0 0 0 rg BT 321.89 589.50 Td (equir) Tj ET Q q 0 0 0 rg BT 343.02 589.50 Td (ed le) Tj ET Q q 0 0 0 rg BT 362.73 589.50 Td (v) Tj ET Q q 0 0 0 rg BT 367.15 589.50 Td (er) Tj ET Q q 0 0 0 rg BT 375.41 589.50 Td (ag) Tj ET Q q 0 0 0 rg BT 384.82 589.50 Td (e in the business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 566.10 Td (The c) Tj ET Q q 0 0 0 rg BT 75.51 566.10 Td (omponen) Tj ET Q q 0 0 0 rg BT 114.69 566.10 Td (ts of the Compan) Tj ET Q q 0 0 0 rg BT 184.34 566.10 Td (y) Tj ET Q q 0 0 0 rg BT 189.17 566.10 Td () Tj ET Q q 0 0 0 rg BT 191.06 566.10 Td (s c) Tj ET Q q 0 0 0 rg BT 201.37 566.10 Td (apit) Tj ET Q q 0 0 0 rg BT 216.94 566.10 Td (al ar) Tj ET Q q 0 0 0 rg BT 234.43 566.10 Td (e se) Tj ET Q q 0 0 0 rg BT 250.50 566.10 Td (t out in the t) Tj ET Q q 0 0 0 rg BT 301.12 566.10 Td (able belo) Tj ET Q q 0 0 0 rg BT 338.46 566.10 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 555.6 m 416.5 555.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 540.6 m 416.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 555.6 m 488.5 555.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416.5 540.6 m 488.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 555.6 m 558.5 555.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488.5 540.6 m 558.5 540.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 448.6 m 416.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 433.6 m 416.5 433.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416.5 448.6 m 488.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 433.6 m 488.5 433.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488.5 448.6 m 558.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 433.6 m 558.5 433.6 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 545.10 Td (\(unaudited\) \(millions of Canadian dollars, except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.65 545.10 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 545.10 Td (December 31, 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 531.35 Td (Liabilities \(principal amounts outstanding\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 518.35 Td (Mortgages) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 518.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.55 518.35 Td (1,236) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.00 518.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 518.35 Td (1,350) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 505.35 Td (Mortgage on equity accounted joint venture \(at the Companys interest\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.00 505.35 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.10 505.35 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 492.35 Td (Senior unsecured debentures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.55 492.35 Td (2,175) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 492.35 Td (1,875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 479.35 Td (Convertible debentures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.45 479.35 Td (393) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 479.35 Td (393) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 466.35 Td (Equity Capitalization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 453.35 Td (Common shares based on closing per share price of $17.55 \(December 31, 2013 $17.71\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.55 453.35 Td (3,671) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 453.35 Td (3,690) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 438.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.55 438.35 Td (7,486) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.00 438.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 438.35 Td (7,319) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 413.10 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 413.10 Td (y monit) Tj ET Q q 0 0 0 rg BT 135.92 413.10 Td (or) Tj ET Q q 0 0 0 rg BT 144.51 413.10 Td (s a number of financial r) Tj ET Q q 0 0 0 rg BT 242.58 413.10 Td (a) Tj ET Q q 0 0 0 rg BT 247.28 413.10 Td (tios in c) Tj ET Q q 0 0 0 rg BT 278.33 413.10 Td (onjunction with its cr) Tj ET Q q 0 0 0 rg BT 364.12 413.10 Td (edit agr) Tj ET Q q 0 0 0 rg BT 395.11 413.10 Td (eemen) Tj ET Q q 0 0 0 rg BT 423.18 413.10 Td (ts and financial planning. All ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 401.10 Td (r) Tj ET Q q 0 0 0 rg BT 57.28 401.10 Td (a) Tj ET Q q 0 0 0 rg BT 61.98 401.10 Td (tios ar) Tj ET Q q 0 0 0 rg BT 87.21 401.10 Td (e c) Tj ET Q q 0 0 0 rg BT 98.59 401.10 Td (alcula) Tj ET Q q 0 0 0 rg BT 122.15 401.10 Td (t) Tj ET Q q 0 0 0 rg BT 125.40 401.10 Td (ed with the join) Tj ET Q q 0 0 0 rg BT 189.16 401.10 Td (t v) Tj ET Q q 0 0 0 rg BT 199.19 401.10 Td (en) Tj ET Q q 0 0 0 rg BT 209.32 401.10 Td (tur) Tj ET Q q 0 0 0 rg BT 221.28 401.10 Td (e and Main and Main De) Tj ET Q q 0 0 0 rg BT 321.01 401.10 Td (v) Tj ET Q q 0 0 0 rg BT 325.43 401.10 Td (elopmen) Tj ET Q q 0 0 0 rg BT 361.35 401.10 Td (ts pr) Tj ET Q q 0 0 0 rg BT 379.45 401.10 Td (oportiona) Tj ET Q q 0 0 0 rg BT 419.61 401.10 Td (t) Tj ET Q q 0 0 0 rg BT 422.85 401.10 Td (ely c) Tj ET Q q 0 0 0 rg BT 441.06 401.10 Td (onsolida) Tj ET Q q 0 0 0 rg BT 475.31 401.10 Td (t) Tj ET Q q 0 0 0 rg BT 478.55 401.10 Td (ed, unless ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 389.10 Td (other) Tj ET Q q 0 0 0 rg BT 76.39 389.10 Td (wise not) Tj ET Q q 0 0 0 rg BT 110.75 389.10 Td (ed. These r) Tj ET Q q 0 0 0 rg BT 155.30 389.10 Td (a) Tj ET Q q 0 0 0 rg BT 160.00 389.10 Td (tios ar) Tj ET Q q 0 0 0 rg BT 185.23 389.10 Td (e se) Tj ET Q q 0 0 0 rg BT 201.30 389.10 Td (t out in the t) Tj ET Q q 0 0 0 rg BT 251.92 389.10 Td (able belo) Tj ET Q q 0 0 0 rg BT 289.26 389.10 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 378.6 m 355.5 378.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 356.6 m 355.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 378.6 m 416.5 378.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 356.6 m 416.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 378.6 m 488.5 378.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416.5 356.6 m 488.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 378.6 m 558.5 378.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488.5 356.6 m 558.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 123.60000000000002 m 355.5 123.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 123.60000000000002 m 416.5 123.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 123.60000000000002 m 488.5 123.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 123.60000000000002 m 558.5 123.60000000000002 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 361.10 Td (\(unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 369.10 Td (Measure/) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.55 361.10 Td (covenant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.65 361.10 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 361.10 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 347.35 Td (Debt to enterprise value, cash balances, net) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.40 347.35 Td (N/A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.30 347.35 Td (45.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.40 347.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 347.35 Td (44.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 347.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 334.35 Td (Debt to total assets \(investment properties at cost\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.45 334.35 Td (<65%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 321.35 Td (Joint ventures proportionately consolidated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.30 321.35 Td (51.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.40 321.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 321.35 Td (50.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 321.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 308.35 Td (Joint ventures proportionately consolidated, cash balances, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.30 308.35 Td (51.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.40 308.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 308.35 Td (50.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 308.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 295.35 Td (Debt to total assets \(investment properties at IFRS value\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.45 295.35 Td (<65%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 282.35 Td (Joint ventures proportionately consolidated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.30 282.35 Td (44.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.40 282.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 282.35 Td (43.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 282.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 269.35 Td (Joint ventures proportionately consolidated, cash balances, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.30 269.35 Td (43.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.40 269.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 269.35 Td (42.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 269.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 256.35 Td (Join) Tj ET Q q 0 0 0 rg BT 80.33 256.35 Td (t v) Tj ET Q q 0 0 0 rg BT 89.35 256.35 Td (en) Tj ET Q q 0 0 0 rg BT 98.48 256.35 Td (tur) Tj ET Q q 0 0 0 rg BT 109.24 256.35 Td (es pr) Tj ET Q q 0 0 0 rg BT 126.99 256.35 Td (oportiona) Tj ET Q q 0 0 0 rg BT 163.13 256.35 Td (t) Tj ET Q q 0 0 0 rg BT 166.05 256.35 Td (ely c) Tj ET Q q 0 0 0 rg BT 182.43 256.35 Td (onsolida) Tj ET Q q 0 0 0 rg BT 213.26 256.35 Td (t) Tj ET Q q 0 0 0 rg BT 216.18 256.35 Td (ed, c) Tj ET Q q 0 0 0 rg BT 233.40 256.35 Td (ash balances, ne) Tj ET Q q 0 0 0 rg BT 293.38 256.35 Td (t, using t) Tj ET Q q 0 0 0 rg BT 324.90 256.35 Td (en ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 247.35 Td (quart) Tj ET Q q 0 0 0 rg BT 94.82 247.35 Td (er a) Tj ET Q q 0 0 0 rg BT 108.64 247.35 Td (v) Tj ET Q q 0 0 0 rg BT 112.61 247.35 Td (er) Tj ET Q q 0 0 0 rg BT 120.04 247.35 Td (ag) Tj ET Q q 0 0 0 rg BT 128.52 247.35 Td (e c) Tj ET Q q 0 0 0 rg BT 138.76 247.35 Td (apit) Tj ET Q q 0 0 0 rg BT 152.77 247.35 Td (aliz) Tj ET Q q 0 0 0 rg BT 164.62 247.35 Td (a) Tj ET Q q 0 0 0 rg BT 168.85 247.35 Td (tion r) Tj ET Q q 0 0 0 rg BT 188.39 247.35 Td (a) Tj ET Q q 0 0 0 rg BT 192.62 247.35 Td (t) Tj ET Q q 0 0 0 rg BT 195.53 247.35 Td (e ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 202.05 251.64 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.30 249.35 Td (44.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.40 249.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 249.35 Td (44.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 249.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 234.35 Td (Unencumber) Tj ET Q q 0 0 0 rg BT 104.66 234.35 Td (ed ag) Tj ET Q q 0 0 0 rg BT 124.53 234.35 Td (gr) Tj ET Q q 0 0 0 rg BT 131.79 234.35 Td (eg) Tj ET Q q 0 0 0 rg BT 140.33 234.35 Td (a) Tj ET Q q 0 0 0 rg BT 144.56 234.35 Td (t) Tj ET Q q 0 0 0 rg BT 147.48 234.35 Td (e asse) Tj ET Q q 0 0 0 rg BT 169.77 234.35 Td (ts t) Tj ET Q q 0 0 0 rg BT 181.27 234.35 Td (o unsecur) Tj ET Q q 0 0 0 rg BT 217.06 234.35 Td (ed deb) Tj ET Q q 0 0 0 rg BT 242.19 234.35 Td (t \(in) Tj ET Q q 0 0 0 rg BT 256.62 234.35 Td (v) Tj ET Q q 0 0 0 rg BT 260.59 234.35 Td (es) Tj ET Q q 0 0 0 rg BT 268.49 234.35 Td (tmen) Tj ET Q q 0 0 0 rg BT 287.82 234.35 Td (t pr) Tj ET Q q 0 0 0 rg BT 300.59 234.35 Td (operties) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 225.35 Td (a) Tj ET Q q 0 0 0 rg BT 70.23 225.35 Td (t IFR) Tj ET Q q 0 0 0 rg BT 86.45 225.35 Td (S v) Tj ET Q q 0 0 0 rg BT 96.55 225.35 Td (alue\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.25 225.35 Td (>1.30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 211.35 Td (Joint ventures proportionately consolidated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.30 211.35 Td (2.16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 211.35 Td (2.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 198.35 Td (Join) Tj ET Q q 0 0 0 rg BT 80.33 198.35 Td (t v) Tj ET Q q 0 0 0 rg BT 89.35 198.35 Td (en) Tj ET Q q 0 0 0 rg BT 98.48 198.35 Td (tur) Tj ET Q q 0 0 0 rg BT 109.24 198.35 Td (es pr) Tj ET Q q 0 0 0 rg BT 126.99 198.35 Td (oportiona) Tj ET Q q 0 0 0 rg BT 163.13 198.35 Td (t) Tj ET Q q 0 0 0 rg BT 166.05 198.35 Td (ely c) Tj ET Q q 0 0 0 rg BT 182.43 198.35 Td (onsolida) Tj ET Q q 0 0 0 rg BT 213.26 198.35 Td (t) Tj ET Q q 0 0 0 rg BT 216.18 198.35 Td (ed, using t) Tj ET Q q 0 0 0 rg BT 253.90 198.35 Td (en quart) Tj ET Q q 0 0 0 rg BT 284.96 198.35 Td (er a) Tj ET Q q 0 0 0 rg BT 298.77 198.35 Td (v) Tj ET Q q 0 0 0 rg BT 302.75 198.35 Td (er) Tj ET Q q 0 0 0 rg BT 310.18 198.35 Td (ag) Tj ET Q q 0 0 0 rg BT 318.65 198.35 Td (e) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 189.35 Td (c) Tj ET Q q 0 0 0 rg BT 78.73 189.35 Td (apit) Tj ET Q q 0 0 0 rg BT 92.74 189.35 Td (aliz) Tj ET Q q 0 0 0 rg BT 104.59 189.35 Td (a) Tj ET Q q 0 0 0 rg BT 108.82 189.35 Td (tion r) Tj ET Q q 0 0 0 rg BT 128.36 189.35 Td (a) Tj ET Q q 0 0 0 rg BT 132.59 189.35 Td (t) Tj ET Q q 0 0 0 rg BT 135.50 189.35 Td (e ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 142.02 193.64 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.30 191.35 Td (2.06) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 191.35 Td (2.15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 177.35 Td (Unencumbered aggregate assets to unsecured debt \(investment properties at) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 168.35 Td (cost\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.25 169.35 Td (>1.30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 155.35 Td (Joint ventures proportionately consolidated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.30 155.35 Td (1.78) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 155.35 Td (1.90) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 142.35 Td (Shar) Tj ET Q q 0 0 0 rg BT 73.19 142.35 Td (eholder) Tj ET Q q 0 0 0 rg BT 101.40 142.35 Td (s equity) Tj ET Q q 0 0 0 rg BT 131.65 142.35 Td (, using f) Tj ET Q q 0 0 0 rg BT 159.80 142.35 Td (our quart) Tj ET Q q 0 0 0 rg BT 194.27 142.35 Td (er a) Tj ET Q q 0 0 0 rg BT 208.08 142.35 Td (v) Tj ET Q q 0 0 0 rg BT 212.06 142.35 Td (er) Tj ET Q q 0 0 0 rg BT 219.49 142.35 Td (ag) Tj ET Q q 0 0 0 rg BT 227.96 142.35 Td (e \(billions of Canadian dollar) Tj ET Q q 0 0 0 rg BT 331.67 142.35 Td (s\) ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 339.96 146.64 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.00 142.35 Td ( >$1.4 billion) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 142.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.85 142.35 Td (3.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.00 142.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.15 142.35 Td (3.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 128.35 Td (Secur) Tj ET Q q 0 0 0 rg BT 77.17 128.35 Td (ed indeb) Tj ET Q q 0 0 0 rg BT 109.10 128.35 Td (t) Tj ET Q q 0 0 0 rg BT 112.02 128.35 Td (edness t) Tj ET Q q 0 0 0 rg BT 142.43 128.35 Td (o t) Tj ET Q q 0 0 0 rg BT 152.14 128.35 Td (ot) Tj ET Q q 0 0 0 rg BT 159.79 128.35 Td (al asse) Tj ET Q q 0 0 0 rg BT 183.98 128.35 Td (ts \(in) Tj ET Q q 0 0 0 rg BT 201.92 128.35 Td (v) Tj ET Q q 0 0 0 rg BT 205.90 128.35 Td (es) Tj ET Q q 0 0 0 rg BT 213.80 128.35 Td (tmen) Tj ET Q q 0 0 0 rg BT 233.12 128.35 Td (t pr) Tj ET Q q 0 0 0 rg BT 245.89 128.35 Td (operties a) Tj ET Q q 0 0 0 rg BT 282.33 128.35 Td (t f) Tj ET Q q 0 0 0 rg BT 289.95 128.35 Td (air v) Tj ET Q q 0 0 0 rg BT 305.43 128.35 Td (alue\) ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 325.77 132.64 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.45 128.35 Td (<40%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.30 128.35 Td (16.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.40 128.35 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 128.35 Td (18.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 128.35 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 161 0 obj <> endobj 162 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 736.70 Td (NO) Tj ET Q q 0 0 0 rg BT 66.82 736.70 Td (TE) Tj ET Q q 0 0 0 rg BT 75.58 736.70 Td (S T) Tj ET Q q 0 0 0 rg BT 86.08 736.70 Td (O THE INTERIM C) Tj ET Q q 0 0 0 rg BT 150.00 736.70 Td (ONSOLID) Tj ET Q q 0 0 0 rg BT 184.02 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 188.77 736.70 Td (TED FINANCIAL S) Tj ET Q q 0 0 0 rg BT 251.79 736.70 Td (T) Tj ET Q q 0 0 0 rg BT 255.54 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 260.29 736.70 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 291.73 736.70 Td (S c) Tj ET Q q 0 0 0 rg BT 308.26 736.70 Td (on) Tj ET Q q 0 0 0 rg BT 317.84 736.70 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (79) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 701.5 m 355.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 680.5 m 355.5 680.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 701.5 m 416.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 680.5 m 416.5 680.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 701.5 m 488.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416.5 680.5 m 488.5 680.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 701.5 m 558.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488.5 680.5 m 558.5 680.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416.5 680.5 m 488.5 680.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488.5 680.5 m 558.5 680.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 613.5 m 355.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 613.5 m 416.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 613.5 m 488.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 613.5 m 558.5 613.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 693.00 Td (\(unaudit) Tj ET Q q 0 0 0 rg BT 84.42 693.00 Td (ed\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 685.00 Td (P) Tj ET Q q 0 0 0 rg BT 60.97 685.00 Td (eriod ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.70 693.00 Td (Measure/) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.55 685.00 Td (covenant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.65 685.00 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 685.00 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 671.25 Td (Ne) Tj ET Q q 0 0 0 rg BT 67.24 671.25 Td (t deb) Tj ET Q q 0 0 0 rg BT 86.18 671.25 Td (t/EBITD) Tj ET Q q 0 0 0 rg BT 114.02 671.25 Td (A ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 121.27 675.54 Td (\(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.90 671.25 Td (8.40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.00 671.25 Td (8.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 658.25 Td (Interest coverage \(EBITDA to interest expense\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.25 658.25 Td ( >1.65) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 645.25 Td (Join) Tj ET Q q 0 0 0 rg BT 80.33 645.25 Td (t v) Tj ET Q q 0 0 0 rg BT 89.35 645.25 Td (en) Tj ET Q q 0 0 0 rg BT 98.48 645.25 Td (tur) Tj ET Q q 0 0 0 rg BT 109.24 645.25 Td (es pr) Tj ET Q q 0 0 0 rg BT 126.99 645.25 Td (oportiona) Tj ET Q q 0 0 0 rg BT 163.13 645.25 Td (t) Tj ET Q q 0 0 0 rg BT 166.05 645.25 Td (ely c) Tj ET Q q 0 0 0 rg BT 182.43 645.25 Td (onsolida) Tj ET Q q 0 0 0 rg BT 213.26 645.25 Td (t) Tj ET Q q 0 0 0 rg BT 216.18 645.25 Td (ed ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 227.42 649.54 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.90 645.25 Td (2.39) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.00 645.25 Td (2.38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 632.25 Td (Fixed charges coverage \(consolidated EBITDA to debt service\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.55 632.25 Td (>1.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 618.25 Td (Join) Tj ET Q q 0 0 0 rg BT 80.33 618.25 Td (t v) Tj ET Q q 0 0 0 rg BT 89.35 618.25 Td (en) Tj ET Q q 0 0 0 rg BT 98.48 618.25 Td (tur) Tj ET Q q 0 0 0 rg BT 109.24 618.25 Td (es pr) Tj ET Q q 0 0 0 rg BT 126.99 618.25 Td (oportiona) Tj ET Q q 0 0 0 rg BT 163.13 618.25 Td (t) Tj ET Q q 0 0 0 rg BT 166.05 618.25 Td (ely c) Tj ET Q q 0 0 0 rg BT 182.43 618.25 Td (onsolida) Tj ET Q q 0 0 0 rg BT 213.26 618.25 Td (t) Tj ET Q q 0 0 0 rg BT 216.18 618.25 Td (ed ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 227.42 622.54 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.90 618.25 Td (1.94) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.00 618.25 Td (1.92) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 605.94 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 59.06 602.60 Td ( Calcula) Tj ET Q q 0 0 0 rg BT 80.87 602.60 Td (tions r) Tj ET Q q 0 0 0 rg BT 98.86 602.60 Td (equir) Tj ET Q q 0 0 0 rg BT 113.65 602.60 Td (ed under the Compan) Tj ET Q q 0 0 0 rg BT 175.62 602.60 Td (y's cr) Tj ET Q q 0 0 0 rg BT 189.96 602.60 Td (edit f) Tj ET Q q 0 0 0 rg BT 204.65 602.60 Td (acility agr) Tj ET Q q 0 0 0 rg BT 231.88 602.60 Td (eemen) Tj ET Q q 0 0 0 rg BT 251.53 602.60 Td (ts or inden) Tj ET Q q 0 0 0 rg BT 281.97 602.60 Td (tur) Tj ET Q q 0 0 0 rg BT 290.34 602.60 Td (e g) Tj ET Q q 0 0 0 rg BT 298.65 602.60 Td (o) Tj ET Q q 0 0 0 rg BT 302.31 602.60 Td (v) Tj ET Q q 0 0 0 rg BT 305.40 602.60 Td (erning the senior unsecur) Tj ET Q q 0 0 0 rg BT 378.04 602.60 Td (ed deben) Tj ET Q q 0 0 0 rg BT 404.71 602.60 Td (tur) Tj ET Q q 0 0 0 rg BT 413.08 602.60 Td (es.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 594.54 Td (\(2\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 60.09 591.20 Td (Calcula) Tj ET Q q 0 0 0 rg BT 80.32 591.20 Td (t) Tj ET Q q 0 0 0 rg BT 82.59 591.20 Td (ed with Main and Main De) Tj ET Q q 0 0 0 rg BT 158.00 591.20 Td (v) Tj ET Q q 0 0 0 rg BT 161.09 591.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 186.24 591.20 Td (ts c) Tj ET Q q 0 0 0 rg BT 195.81 591.20 Td (onsolida) Tj ET Q q 0 0 0 rg BT 219.78 591.20 Td (t) Tj ET Q q 0 0 0 rg BT 222.05 591.20 Td (ed a) Tj ET Q q 0 0 0 rg BT 234.08 591.20 Td (t 100% and c) Tj ET Q q 0 0 0 rg BT 270.43 591.20 Td (ash balances r) Tj ET Q q 0 0 0 rg BT 310.56 591.20 Td (educing deb) Tj ET Q q 0 0 0 rg BT 345.33 591.20 Td (t.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 573.20 Td (The abo) Tj ET Q q 0 0 0 rg BT 86.64 573.20 Td (v) Tj ET Q q 0 0 0 rg BT 91.06 573.20 Td (e r) Tj ET Q q 0 0 0 rg BT 101.57 573.20 Td (a) Tj ET Q q 0 0 0 rg BT 106.27 573.20 Td (tios include measur) Tj ET Q q 0 0 0 rg BT 185.45 573.20 Td (es not specific) Tj ET Q q 0 0 0 rg BT 242.89 573.20 Td (ally de) Tj ET Q q 0 0 0 rg BT 269.20 573.20 Td (fined in IFR) Tj ET Q q 0 0 0 rg BT 314.51 573.20 Td (S. The) Tj ET Q q 0 0 0 rg BT 338.93 573.20 Td (y ar) Tj ET Q q 0 0 0 rg BT 353.86 573.20 Td (e c) Tj ET Q q 0 0 0 rg BT 365.25 573.20 Td (alcula) Tj ET Q q 0 0 0 rg BT 388.80 573.20 Td (tions r) Tj ET Q q 0 0 0 rg BT 414.50 573.20 Td (equir) Tj ET Q q 0 0 0 rg BT 435.64 573.20 Td (ed pur) Tj ET Q q 0 0 0 rg BT 461.95 573.20 Td (suan) Tj ET Q q 0 0 0 rg BT 481.07 573.20 Td (t t) Tj ET Q q 0 0 0 rg BT 489.93 573.20 Td (o deb) Tj ET Q q 0 0 0 rg BT 512.90 573.20 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 561.20 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 561.20 Td (o) Tj ET Q q 0 0 0 rg BT 63.38 561.20 Td (v) Tj ET Q q 0 0 0 rg BT 67.79 561.20 Td (enan) Tj ET Q q 0 0 0 rg BT 87.97 561.20 Td (ts and f) Tj ET Q q 0 0 0 rg BT 117.90 561.20 Td (or this r) Tj ET Q q 0 0 0 rg BT 149.34 561.20 Td (eason ar) Tj ET Q q 0 0 0 rg BT 183.95 561.20 Td (e meaningful measur) Tj ET Q q 0 0 0 rg BT 269.59 561.20 Td (es. Measur) Tj ET Q q 0 0 0 rg BT 314.09 561.20 Td (es used in these r) Tj ET Q q 0 0 0 rg BT 384.71 561.20 Td (a) Tj ET Q q 0 0 0 rg BT 389.41 561.20 Td (tios ar) Tj ET Q q 0 0 0 rg BT 414.64 561.20 Td (e de) Tj ET Q q 0 0 0 rg BT 432.02 561.20 Td (fined belo) Tj ET Q q 0 0 0 rg BT 472.87 561.20 Td (w:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 546.20 Td (Deb) Tj ET Q q 0 0 0 rg BT 88.34 546.20 Td (t ) Tj ET Q q 0 0 0 rg BT 93.58 546.20 Td (c) Tj ET Q q 0 0 0 rg BT 97.72 546.20 Td (onsis) Tj ET Q q 0 0 0 rg BT 118.26 546.20 Td (ts ) Tj ET Q q 0 0 0 rg BT 127.41 546.20 Td (of ) Tj ET Q q 0 0 0 rg BT 137.62 546.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 174.67 546.20 Td (amoun) Tj ET Q q 0 0 0 rg BT 203.13 546.20 Td (ts ) Tj ET Q q 0 0 0 rg BT 212.29 546.20 Td (outs) Tj ET Q q 0 0 0 rg BT 229.96 546.20 Td (t) Tj ET Q q 0 0 0 rg BT 233.19 546.20 Td (anding ) Tj ET Q q 0 0 0 rg BT 262.63 546.20 Td (on ) Tj ET Q q 0 0 0 rg BT 275.05 546.20 Td (cr) Tj ET Q q 0 0 0 rg BT 282.64 546.20 Td (edit ) Tj ET Q q 0 0 0 rg BT 300.40 546.20 Td (f) Tj ET Q q 0 0 0 rg BT 303.26 546.20 Td (acilities ) Tj ET Q q 0 0 0 rg BT 335.58 546.20 Td (and ) Tj ET Q q 0 0 0 rg BT 352.77 546.20 Td (mortg) Tj ET Q q 0 0 0 rg BT 377.39 546.20 Td (ag) Tj ET Q q 0 0 0 rg BT 386.80 546.20 Td (es ) Tj ET Q q 0 0 0 rg BT 397.58 546.20 Td (and ) Tj ET Q q 0 0 0 rg BT 414.77 546.20 Td (the ) Tj ET Q q 0 0 0 rg BT 430.24 546.20 Td (par ) Tj ET Q q 0 0 0 rg BT 445.66 546.20 Td (v) Tj ET Q q 0 0 0 rg BT 450.03 546.20 Td (alue ) Tj ET Q q 0 0 0 rg BT 469.24 546.20 Td (of ) Tj ET Q q 0 0 0 rg BT 479.46 546.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 506.54 546.20 Td (unsecur) Tj ET Q q 0 0 0 rg BT 538.77 546.20 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 534.20 Td (deben) Tj ET Q q 0 0 0 rg BT 97.62 534.20 Td (tur) Tj ET Q q 0 0 0 rg BT 109.58 534.20 Td (es. ) Tj ET Q q 0 0 0 rg BT 123.34 534.20 Td (Con) Tj ET Q q 0 0 0 rg BT 139.03 534.20 Td (v) Tj ET Q q 0 0 0 rg BT 143.45 534.20 Td (ertible ) Tj ET Q q 0 0 0 rg BT 172.43 534.20 Td (deben) Tj ET Q q 0 0 0 rg BT 198.05 534.20 Td (tur) Tj ET Q q 0 0 0 rg BT 210.01 534.20 Td (es ) Tj ET Q q 0 0 0 rg BT 221.25 534.20 Td (ar) Tj ET Q q 0 0 0 rg BT 229.39 534.20 Td (e ) Tj ET Q q 0 0 0 rg BT 236.72 534.20 Td (e) Tj ET Q q 0 0 0 rg BT 241.54 534.20 Td (x) Tj ET Q q 0 0 0 rg BT 245.65 534.20 Td (cluded ) Tj ET Q q 0 0 0 rg BT 275.26 534.20 Td (as ) Tj ET Q q 0 0 0 rg BT 286.31 534.20 Td (it ) Tj ET Q q 0 0 0 rg BT 294.31 534.20 Td (is ) Tj ET Q q 0 0 0 rg BT 302.86 534.20 Td (the ) Tj ET Q q 0 0 0 rg BT 318.79 534.20 Td (Compan) Tj ET Q q 0 0 0 rg BT 352.50 534.20 Td (y) Tj ET Q q 0 0 0 rg BT 357.33 534.20 Td () Tj ET Q q 0 0 0 rg BT 359.21 534.20 Td (s ) Tj ET Q q 0 0 0 rg BT 365.47 534.20 Td (in) Tj ET Q q 0 0 0 rg BT 372.93 534.20 Td (t) Tj ET Q q 0 0 0 rg BT 376.17 534.20 Td (en) Tj ET Q q 0 0 0 rg BT 386.31 534.20 Td (tion ) Tj ET Q q 0 0 0 rg BT 404.83 534.20 Td (t) Tj ET Q q 0 0 0 rg BT 408.08 534.20 Td (o ) Tj ET Q q 0 0 0 rg BT 415.70 534.20 Td (c) Tj ET Q q 0 0 0 rg BT 419.85 534.20 Td (on) Tj ET Q q 0 0 0 rg BT 430.28 534.20 Td (tinue ) Tj ET Q q 0 0 0 rg BT 453.76 534.20 Td (t) Tj ET Q q 0 0 0 rg BT 457.01 534.20 Td (o ) Tj ET Q q 0 0 0 rg BT 464.64 534.20 Td (sa) Tj ET Q q 0 0 0 rg BT 473.25 534.20 Td (tis) Tj ET Q q 0 0 0 rg BT 482.71 534.20 Td (f) Tj ET Q q 0 0 0 rg BT 485.81 534.20 Td (y ) Tj ET Q q 0 0 0 rg BT 492.69 534.20 Td (its ) Tj ET Q q 0 0 0 rg BT 504.59 534.20 Td (oblig) Tj ET Q q 0 0 0 rg BT 524.23 534.20 Td (a) Tj ET Q q 0 0 0 rg BT 528.93 534.20 Td (tions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 522.20 Td (of ) Tj ET Q q 0 0 0 rg BT 82.07 522.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 118.97 522.20 Td (and ) Tj ET Q q 0 0 0 rg BT 136.02 522.20 Td (in) Tj ET Q q 0 0 0 rg BT 143.48 522.20 Td (t) Tj ET Q q 0 0 0 rg BT 146.72 522.20 Td (er) Tj ET Q q 0 0 0 rg BT 155.05 522.20 Td (es) Tj ET Q q 0 0 0 rg BT 163.82 522.20 Td (t ) Tj ET Q q 0 0 0 rg BT 168.92 522.20 Td (pa) Tj ET Q q 0 0 0 rg BT 178.78 522.20 Td (ymen) Tj ET Q q 0 0 0 rg BT 201.43 522.20 Td (ts ) Tj ET Q q 0 0 0 rg BT 210.44 522.20 Td (in ) Tj ET Q q 0 0 0 rg BT 219.74 522.20 Td (r) Tj ET Q q 0 0 0 rg BT 223.09 522.20 Td (espect ) Tj ET Q q 0 0 0 rg BT 251.53 522.20 Td (of ) Tj ET Q q 0 0 0 rg BT 261.61 522.20 Td (all ) Tj ET Q q 0 0 0 rg BT 272.74 522.20 Td (of ) Tj ET Q q 0 0 0 rg BT 282.81 522.20 Td (its ) Tj ET Q q 0 0 0 rg BT 294.11 522.20 Td (outs) Tj ET Q q 0 0 0 rg BT 311.79 522.20 Td (t) Tj ET Q q 0 0 0 rg BT 315.02 522.20 Td (anding ) Tj ET Q q 0 0 0 rg BT 344.32 522.20 Td (c) Tj ET Q q 0 0 0 rg BT 348.47 522.20 Td (on) Tj ET Q q 0 0 0 rg BT 358.83 522.20 Td (v) Tj ET Q q 0 0 0 rg BT 363.25 522.20 Td (ertible ) Tj ET Q q 0 0 0 rg BT 391.63 522.20 Td (deben) Tj ET Q q 0 0 0 rg BT 417.25 522.20 Td (tur) Tj ET Q q 0 0 0 rg BT 429.20 522.20 Td (es ) Tj ET Q q 0 0 0 rg BT 439.84 522.20 Td (b) Tj ET Q q 0 0 0 rg BT 445.04 522.20 Td (y ) Tj ET Q q 0 0 0 rg BT 451.32 522.20 Td (the ) Tj ET Q q 0 0 0 rg BT 466.65 522.20 Td (issuance ) Tj ET Q q 0 0 0 rg BT 503.01 522.20 Td (of ) Tj ET Q q 0 0 0 rg BT 513.09 522.20 Td (c) Tj ET Q q 0 0 0 rg BT 517.23 522.20 Td (ommon ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 510.20 Td (shar) Tj ET Q q 0 0 0 rg BT 89.31 510.20 Td (es.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 492.20 Td (Ne) Tj ET Q q 0 0 0 rg BT 83.38 492.20 Td (t ) Tj ET Q q 0 0 0 rg BT 88.99 492.20 Td (deb) Tj ET Q q 0 0 0 rg BT 104.43 492.20 Td (t ) Tj ET Q q 0 0 0 rg BT 110.04 492.20 Td (is ) Tj ET Q q 0 0 0 rg BT 118.50 492.20 Td (c) Tj ET Q q 0 0 0 rg BT 122.65 492.20 Td (alcula) Tj ET Q q 0 0 0 rg BT 146.21 492.20 Td (t) Tj ET Q q 0 0 0 rg BT 149.45 492.20 Td (ed ) Tj ET Q q 0 0 0 rg BT 161.94 492.20 Td (as ) Tj ET Q q 0 0 0 rg BT 172.90 492.20 Td (Deb) Tj ET Q q 0 0 0 rg BT 189.24 492.20 Td (t, ) Tj ET Q q 0 0 0 rg BT 197.35 492.20 Td (as ) Tj ET Q q 0 0 0 rg BT 208.31 492.20 Td (de) Tj ET Q q 0 0 0 rg BT 218.45 492.20 Td (fined ) Tj ET Q q 0 0 0 rg BT 241.54 492.20 Td (abo) Tj ET Q q 0 0 0 rg BT 256.81 492.20 Td (v) Tj ET Q q 0 0 0 rg BT 261.23 492.20 Td (e, ) Tj ET Q q 0 0 0 rg BT 270.96 492.20 Td (r) Tj ET Q q 0 0 0 rg BT 274.32 492.20 Td (educed ) Tj ET Q q 0 0 0 rg BT 306.52 492.20 Td (b) Tj ET Q q 0 0 0 rg BT 311.73 492.20 Td (y ) Tj ET Q q 0 0 0 rg BT 318.51 492.20 Td (c) Tj ET Q q 0 0 0 rg BT 322.66 492.20 Td (ash ) Tj ET Q q 0 0 0 rg BT 338.88 492.20 Td (balances ) Tj ET Q q 0 0 0 rg BT 376.63 492.20 Td (a) Tj ET Q q 0 0 0 rg BT 381.33 492.20 Td (t ) Tj ET Q q 0 0 0 rg BT 386.94 492.20 Td (the ) Tj ET Q q 0 0 0 rg BT 402.78 492.20 Td (end ) Tj ET Q q 0 0 0 rg BT 420.53 492.20 Td (of ) Tj ET Q q 0 0 0 rg BT 431.11 492.20 Td (the ) Tj ET Q q 0 0 0 rg BT 446.95 492.20 Td (period. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 474.20 Td (Secur) Tj ET Q q 0 0 0 rg BT 94.41 474.20 Td (ed ) Tj ET Q q 0 0 0 rg BT 106.90 474.20 Td (indeb) Tj ET Q q 0 0 0 rg BT 129.89 474.20 Td (t) Tj ET Q q 0 0 0 rg BT 133.13 474.20 Td (edness ) Tj ET Q q 0 0 0 rg BT 163.67 474.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 199.40 474.20 Td (mortg) Tj ET Q q 0 0 0 rg BT 224.02 474.20 Td (ag) Tj ET Q q 0 0 0 rg BT 233.43 474.20 Td (es ) Tj ET Q q 0 0 0 rg BT 244.58 474.20 Td (which ) Tj ET Q q 0 0 0 rg BT 271.02 474.20 Td (ar) Tj ET Q q 0 0 0 rg BT 279.16 474.20 Td (e ) Tj ET Q q 0 0 0 rg BT 286.40 474.20 Td (c) Tj ET Q q 0 0 0 rg BT 290.54 474.20 Td (olla) Tj ET Q q 0 0 0 rg BT 305.11 474.20 Td (t) Tj ET Q q 0 0 0 rg BT 308.35 474.20 Td (er) Tj ET Q q 0 0 0 rg BT 316.60 474.20 Td (aliz) Tj ET Q q 0 0 0 rg BT 329.71 474.20 Td (ed ) Tj ET Q q 0 0 0 rg BT 342.20 474.20 Td (ag) Tj ET Q q 0 0 0 rg BT 351.51 474.20 Td (ains) Tj ET Q q 0 0 0 rg BT 367.65 474.20 Td (t ) Tj ET Q q 0 0 0 rg BT 373.26 474.20 Td (in) Tj ET Q q 0 0 0 rg BT 380.64 474.20 Td (v) Tj ET Q q 0 0 0 rg BT 385.06 474.20 Td (es) Tj ET Q q 0 0 0 rg BT 393.84 474.20 Td (tmen) Tj ET Q q 0 0 0 rg BT 415.31 474.20 Td (t ) Tj ET Q q 0 0 0 rg BT 420.92 474.20 Td (pr) Tj ET Q q 0 0 0 rg BT 429.50 474.20 Td (operty) Tj ET Q q 0 0 0 rg BT 455.71 474.20 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 456.20 Td (En) Tj ET Q q 0 0 0 rg BT 82.04 456.20 Td (t) Tj ET Q q 0 0 0 rg BT 85.29 456.20 Td (erprise v) Tj ET Q q 0 0 0 rg BT 120.30 456.20 Td (alue c) Tj ET Q q 0 0 0 rg BT 144.02 456.20 Td (onsis) Tj ET Q q 0 0 0 rg BT 164.55 456.20 Td (ts of the mark) Tj ET Q q 0 0 0 rg BT 220.99 456.20 Td (e) Tj ET Q q 0 0 0 rg BT 225.91 456.20 Td (t v) Tj ET Q q 0 0 0 rg BT 235.89 456.20 Td (alue of the Compan) Tj ET Q q 0 0 0 rg BT 315.60 456.20 Td (y) Tj ET Q q 0 0 0 rg BT 320.43 456.20 Td () Tj ET Q q 0 0 0 rg BT 322.31 456.20 Td (s c) Tj ET Q q 0 0 0 rg BT 332.63 456.20 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 383.98 456.20 Td (es, the par v) Tj ET Q q 0 0 0 rg BT 433.62 456.20 Td (alue of senior unsecur) Tj ET Q q 0 0 0 rg BT 523.47 456.20 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 444.20 Td (deben) Tj ET Q q 0 0 0 rg BT 97.62 444.20 Td (tur) Tj ET Q q 0 0 0 rg BT 109.58 444.20 Td (es and c) Tj ET Q q 0 0 0 rg BT 142.43 444.20 Td (on) Tj ET Q q 0 0 0 rg BT 152.79 444.20 Td (v) Tj ET Q q 0 0 0 rg BT 157.21 444.20 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 211.72 444.20 Td (tur) Tj ET Q q 0 0 0 rg BT 223.68 444.20 Td (es, and principal amoun) Tj ET Q q 0 0 0 rg BT 320.76 444.20 Td (ts outs) Tj ET Q q 0 0 0 rg BT 347.96 444.20 Td (t) Tj ET Q q 0 0 0 rg BT 351.18 444.20 Td (anding on mortg) Tj ET Q q 0 0 0 rg BT 418.41 444.20 Td (ag) Tj ET Q q 0 0 0 rg BT 427.82 444.20 Td (es, loans and cr) Tj ET Q q 0 0 0 rg BT 490.39 444.20 Td (edit f) Tj ET Q q 0 0 0 rg BT 511.38 444.20 Td (acilities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 426.20 Td (EBITD) Tj ET Q q 0 0 0 rg BT 95.72 426.20 Td (A is c) Tj ET Q q 0 0 0 rg BT 116.38 426.20 Td (alcula) Tj ET Q q 0 0 0 rg BT 139.94 426.20 Td (t) Tj ET Q q 0 0 0 rg BT 143.18 426.20 Td (ed as ne) Tj ET Q q 0 0 0 rg BT 176.81 426.20 Td (t inc) Tj ET Q q 0 0 0 rg BT 194.11 426.20 Td (ome, adding back inc) Tj ET Q q 0 0 0 rg BT 279.70 426.20 Td (ome t) Tj ET Q q 0 0 0 rg BT 303.42 426.20 Td (a) Tj ET Q q 0 0 0 rg BT 308.12 426.20 Td (x e) Tj ET Q q 0 0 0 rg BT 319.53 426.20 Td (xpense, in) Tj ET Q q 0 0 0 rg BT 360.45 426.20 Td (t) Tj ET Q q 0 0 0 rg BT 363.69 426.20 Td (er) Tj ET Q q 0 0 0 rg BT 372.02 426.20 Td (es) Tj ET Q q 0 0 0 rg BT 380.79 426.20 Td (t e) Tj ET Q q 0 0 0 rg BT 391.23 426.20 Td (xpense and amortiz) Tj ET Q q 0 0 0 rg BT 470.72 426.20 Td (a) Tj ET Q q 0 0 0 rg BT 475.41 426.20 Td (tion and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 414.20 Td (e) Tj ET Q q 0 0 0 rg BT 76.82 414.20 Td (x) Tj ET Q q 0 0 0 rg BT 80.93 414.20 Td (cluding the incr) Tj ET Q q 0 0 0 rg BT 143.45 414.20 Td (ease or decr) Tj ET Q q 0 0 0 rg BT 193.20 414.20 Td (ease in the v) Tj ET Q q 0 0 0 rg BT 244.13 414.20 Td (alue of in) Tj ET Q q 0 0 0 rg BT 281.67 414.20 Td (v) Tj ET Q q 0 0 0 rg BT 286.09 414.20 Td (es) Tj ET Q q 0 0 0 rg BT 294.87 414.20 Td (tmen) Tj ET Q q 0 0 0 rg BT 316.34 414.20 Td (t pr) Tj ET Q q 0 0 0 rg BT 330.53 414.20 Td (operties, other g) Tj ET Q q 0 0 0 rg BT 397.93 414.20 Td (ains \(losses\) and \(e) Tj ET Q q 0 0 0 rg BT 474.46 414.20 Td (xpenses\) and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 402.20 Td (other non-c) Tj ET Q q 0 0 0 rg BT 119.59 402.20 Td (ash or non-r) Tj ET Q q 0 0 0 rg BT 169.02 402.20 Td (ecurring it) Tj ET Q q 0 0 0 rg BT 210.51 402.20 Td (ems. The Compan) Tj ET Q q 0 0 0 rg BT 285.50 402.20 Td (y also adjus) Tj ET Q q 0 0 0 rg BT 332.30 402.20 Td (ts f) Tj ET Q q 0 0 0 rg BT 344.67 402.20 Td (or incr) Tj ET Q q 0 0 0 rg BT 370.82 402.20 Td (emen) Tj ET Q q 0 0 0 rg BT 393.92 402.20 Td (t) Tj ET Q q 0 0 0 rg BT 397.15 402.20 Td (al leasing c) Tj ET Q q 0 0 0 rg BT 441.13 402.20 Td (os) Tj ET Q q 0 0 0 rg BT 450.20 402.20 Td (ts and c) Tj ET Q q 0 0 0 rg BT 481.42 402.20 Td (os) Tj ET Q q 0 0 0 rg BT 490.50 402.20 Td (ts not ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 390.20 Td (c) Tj ET Q q 0 0 0 rg BT 76.15 390.20 Td (apit) Tj ET Q q 0 0 0 rg BT 91.71 390.20 Td (aliz) Tj ET Q q 0 0 0 rg BT 104.82 390.20 Td (ed during the de) Tj ET Q q 0 0 0 rg BT 171.84 390.20 Td (v) Tj ET Q q 0 0 0 rg BT 176.26 390.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 212.18 390.20 Td (t period, which ar) Tj ET Q q 0 0 0 rg BT 283.67 390.20 Td (e r) Tj ET Q q 0 0 0 rg BT 294.26 390.20 Td (ec) Tj ET Q q 0 0 0 rg BT 303.38 390.20 Td (ogniz) Tj ET Q q 0 0 0 rg BT 324.64 390.20 Td (ed adjus) Tj ET Q q 0 0 0 rg BT 358.62 390.20 Td (tmen) Tj ET Q q 0 0 0 rg BT 380.09 390.20 Td (ts t) Tj ET Q q 0 0 0 rg BT 392.86 390.20 Td (o FF) Tj ET Q q 0 0 0 rg BT 409.50 390.20 Td (O and AFF) Tj ET Q q 0 0 0 rg BT 450.83 390.20 Td (O) Tj ET Q q 0 0 0 rg BT 457.21 390.20 Td (, r) Tj ET Q q 0 0 0 rg BT 465.33 390.20 Td (espectiv) Tj ET Q q 0 0 0 rg BT 498.73 390.20 Td (ely) Tj ET Q q 0 0 0 rg BT 509.87 390.20 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 372.20 Td (Fix) Tj ET Q q 0 0 0 rg BT 82.96 372.20 Td (ed char) Tj ET Q q 0 0 0 rg BT 113.07 372.20 Td (g) Tj ET Q q 0 0 0 rg BT 117.69 372.20 Td (es include r) Tj ET Q q 0 0 0 rg BT 164.01 372.20 Td (egular principal and in) Tj ET Q q 0 0 0 rg BT 254.21 372.20 Td (t) Tj ET Q q 0 0 0 rg BT 257.45 372.20 Td (er) Tj ET Q q 0 0 0 rg BT 265.78 372.20 Td (es) Tj ET Q q 0 0 0 rg BT 274.55 372.20 Td (t pa) Tj ET Q q 0 0 0 rg BT 290.02 372.20 Td (ymen) Tj ET Q q 0 0 0 rg BT 312.67 372.20 Td (ts and c) Tj ET Q q 0 0 0 rg BT 343.90 372.20 Td (apit) Tj ET Q q 0 0 0 rg BT 359.47 372.20 Td (aliz) Tj ET Q q 0 0 0 rg BT 372.57 372.20 Td (ed in) Tj ET Q q 0 0 0 rg BT 392.52 372.20 Td (t) Tj ET Q q 0 0 0 rg BT 395.76 372.20 Td (er) Tj ET Q q 0 0 0 rg BT 404.09 372.20 Td (es) Tj ET Q q 0 0 0 rg BT 412.86 372.20 Td (t in the c) Tj ET Q q 0 0 0 rg BT 448.27 372.20 Td (alcula) Tj ET Q q 0 0 0 rg BT 471.83 372.20 Td (tion of in) Tj ET Q q 0 0 0 rg BT 508.30 372.20 Td (t) Tj ET Q q 0 0 0 rg BT 511.55 372.20 Td (er) Tj ET Q q 0 0 0 rg BT 519.88 372.20 Td (es) Tj ET Q q 0 0 0 rg BT 528.65 372.20 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 360.20 Td (e) Tj ET Q q 0 0 0 rg BT 76.82 360.20 Td (xpense and does not include non-c) Tj ET Q q 0 0 0 rg BT 217.96 360.20 Td (ash in) Tj ET Q q 0 0 0 rg BT 241.63 360.20 Td (t) Tj ET Q q 0 0 0 rg BT 244.88 360.20 Td (er) Tj ET Q q 0 0 0 rg BT 253.21 360.20 Td (es) Tj ET Q q 0 0 0 rg BT 261.98 360.20 Td (t on c) Tj ET Q q 0 0 0 rg BT 284.52 360.20 Td (on) Tj ET Q q 0 0 0 rg BT 294.89 360.20 Td (v) Tj ET Q q 0 0 0 rg BT 299.30 360.20 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 353.82 360.20 Td (tur) Tj ET Q q 0 0 0 rg BT 365.77 360.20 Td (es.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 342.20 Td (Unencumber) Tj ET Q q 0 0 0 rg BT 124.95 342.20 Td (ed asse) Tj ET Q q 0 0 0 rg BT 154.98 342.20 Td (ts include the v) Tj ET Q q 0 0 0 rg BT 216.53 342.20 Td (alue of asse) Tj ET Q q 0 0 0 rg BT 264.22 342.20 Td (ts tha) Tj ET Q q 0 0 0 rg BT 287.04 342.20 Td (t ha) Tj ET Q q 0 0 0 rg BT 302.53 342.20 Td (v) Tj ET Q q 0 0 0 rg BT 306.95 342.20 Td (e not been pledg) Tj ET Q q 0 0 0 rg BT 375.45 342.20 Td (ed as security under an) Tj ET Q q 0 0 0 rg BT 469.53 342.20 Td (y cr) Tj ET Q q 0 0 0 rg BT 483.90 342.20 Td (edit agr) Tj ET Q q 0 0 0 rg BT 514.89 342.20 Td (eemen) Tj ET Q q 0 0 0 rg BT 542.96 342.20 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 330.20 Td (or mortg) Tj ET Q q 0 0 0 rg BT 107.64 330.20 Td (ag) Tj ET Q q 0 0 0 rg BT 117.05 330.20 Td (e, e) Tj ET Q q 0 0 0 rg BT 131.61 330.20 Td (x) Tj ET Q q 0 0 0 rg BT 135.72 330.20 Td (cluding in) Tj ET Q q 0 0 0 rg BT 174.65 330.20 Td (v) Tj ET Q q 0 0 0 rg BT 179.07 330.20 Td (es) Tj ET Q q 0 0 0 rg BT 187.84 330.20 Td (tmen) Tj ET Q q 0 0 0 rg BT 209.31 330.20 Td (t pr) Tj ET Q q 0 0 0 rg BT 223.50 330.20 Td (operties under de) Tj ET Q q 0 0 0 rg BT 295.95 330.20 Td (v) Tj ET Q q 0 0 0 rg BT 300.37 330.20 Td (elopmen) Tj ET Q q 0 0 0 rg BT 336.29 330.20 Td (t and de) Tj ET Q q 0 0 0 rg BT 369.60 330.20 Td (f) Tj ET Q q 0 0 0 rg BT 372.41 330.20 Td (err) Tj ET Q q 0 0 0 rg BT 384.22 330.20 Td (ed t) Tj ET Q q 0 0 0 rg BT 399.94 330.20 Td (a) Tj ET Q q 0 0 0 rg BT 404.64 330.20 Td (x asse) Tj ET Q q 0 0 0 rg BT 428.76 330.20 Td (ts. The unencumber) Tj ET Q q 0 0 0 rg BT 509.96 330.20 Td (ed asse) Tj ET Q q 0 0 0 rg BT 539.99 330.20 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 318.20 Td (v) Tj ET Q q 0 0 0 rg BT 76.37 318.20 Td (alue r) Tj ET Q q 0 0 0 rg BT 99.23 318.20 Td (a) Tj ET Q q 0 0 0 rg BT 103.92 318.20 Td (tio is c) Tj ET Q q 0 0 0 rg BT 129.71 318.20 Td (alcula) Tj ET Q q 0 0 0 rg BT 153.27 318.20 Td (t) Tj ET Q q 0 0 0 rg BT 156.52 318.20 Td (ed as unencumber) Tj ET Q q 0 0 0 rg BT 231.76 318.20 Td (ed asse) Tj ET Q q 0 0 0 rg BT 261.79 318.20 Td (ts divided b) Tj ET Q q 0 0 0 rg BT 308.62 318.20 Td (y the principal amoun) Tj ET Q q 0 0 0 rg BT 397.12 318.20 Td (t of the unsecur) Tj ET Q q 0 0 0 rg BT 461.39 318.20 Td (ed deb) Tj ET Q q 0 0 0 rg BT 489.32 318.20 Td (t, which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 306.20 Td (c) Tj ET Q q 0 0 0 rg BT 76.15 306.20 Td (onsis) Tj ET Q q 0 0 0 rg BT 96.68 306.20 Td (ts of the senior unsecur) Tj ET Q q 0 0 0 rg BT 192.31 306.20 Td (ed deben) Tj ET Q q 0 0 0 rg BT 230.42 306.20 Td (tur) Tj ET Q q 0 0 0 rg BT 242.38 306.20 Td (es.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 288.20 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 288.20 Td (y) Tj ET Q q 0 0 0 rg BT 109.90 288.20 Td () Tj ET Q q 0 0 0 rg BT 111.78 288.20 Td (s s) Tj ET Q q 0 0 0 rg BT 121.75 288.20 Td (tr) Tj ET Q q 0 0 0 rg BT 128.38 288.20 Td (a) Tj ET Q q 0 0 0 rg BT 133.08 288.20 Td (t) Tj ET Q q 0 0 0 rg BT 136.32 288.20 Td (egy in) Tj ET Q q 0 0 0 rg BT 160.18 288.20 Td (v) Tj ET Q q 0 0 0 rg BT 164.60 288.20 Td (olv) Tj ET Q q 0 0 0 rg BT 176.59 288.20 Td (es main) Tj ET Q q 0 0 0 rg BT 207.97 288.20 Td (t) Tj ET Q q 0 0 0 rg BT 211.20 288.20 Td (aining its moder) Tj ET Q q 0 0 0 rg BT 276.64 288.20 Td (a) Tj ET Q q 0 0 0 rg BT 281.34 288.20 Td (t) Tj ET Q q 0 0 0 rg BT 284.58 288.20 Td (e le) Tj ET Q q 0 0 0 rg BT 299.04 288.20 Td (v) Tj ET Q q 0 0 0 rg BT 303.46 288.20 Td (er) Tj ET Q q 0 0 0 rg BT 311.71 288.20 Td (ag) Tj ET Q q 0 0 0 rg BT 321.13 288.20 Td (e and c) Tj ET Q q 0 0 0 rg BT 350.07 288.20 Td (on) Tj ET Q q 0 0 0 rg BT 360.50 288.20 Td (tinuing t) Tj ET Q q 0 0 0 rg BT 394.42 288.20 Td (o impr) Tj ET Q q 0 0 0 rg BT 420.82 288.20 Td (o) Tj ET Q q 0 0 0 rg BT 426.05 288.20 Td (v) Tj ET Q q 0 0 0 rg BT 430.47 288.20 Td (e the in) Tj ET Q q 0 0 0 rg BT 461.00 288.20 Td (t) Tj ET Q q 0 0 0 rg BT 464.24 288.20 Td (er) Tj ET Q q 0 0 0 rg BT 472.57 288.20 Td (es) Tj ET Q q 0 0 0 rg BT 481.35 288.20 Td (t c) Tj ET Q q 0 0 0 rg BT 491.10 288.20 Td (o) Tj ET Q q 0 0 0 rg BT 496.33 288.20 Td (v) Tj ET Q q 0 0 0 rg BT 500.75 288.20 Td (er) Tj ET Q q 0 0 0 rg BT 509.01 288.20 Td (ag) Tj ET Q q 0 0 0 rg BT 518.42 288.20 Td (e and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 276.20 Td (fix) Tj ET Q q 0 0 0 rg BT 63.41 276.20 Td (ed char) Tj ET Q q 0 0 0 rg BT 93.53 276.20 Td (g) Tj ET Q q 0 0 0 rg BT 98.15 276.20 Td (es c) Tj ET Q q 0 0 0 rg BT 113.44 276.20 Td (o) Tj ET Q q 0 0 0 rg BT 118.67 276.20 Td (v) Tj ET Q q 0 0 0 rg BT 123.09 276.20 Td (er) Tj ET Q q 0 0 0 rg BT 131.35 276.20 Td (ag) Tj ET Q q 0 0 0 rg BT 140.76 276.20 Td (e r) Tj ET Q q 0 0 0 rg BT 151.28 276.20 Td (a) Tj ET Q q 0 0 0 rg BT 155.98 276.20 Td (tios t) Tj ET Q q 0 0 0 rg BT 176.32 276.20 Td (o allo) Tj ET Q q 0 0 0 rg BT 198.47 276.20 Td (w c) Tj ET Q q 0 0 0 rg BT 212.02 276.20 Td (on) Tj ET Q q 0 0 0 rg BT 222.46 276.20 Td (tinued access t) Tj ET Q q 0 0 0 rg BT 282.66 276.20 Td (o c) Tj ET Q q 0 0 0 rg BT 294.34 276.20 Td (apit) Tj ET Q q 0 0 0 rg BT 309.90 276.20 Td (al a) Tj ET Q q 0 0 0 rg BT 323.95 276.20 Td (t the lo) Tj ET Q q 0 0 0 rg BT 352.93 276.20 Td (w) Tj ET Q q 0 0 0 rg BT 359.99 276.20 Td (es) Tj ET Q q 0 0 0 rg BT 368.76 276.20 Td (t possible c) Tj ET Q q 0 0 0 rg BT 413.95 276.20 Td (os) Tj ET Q q 0 0 0 rg BT 423.02 276.20 Td (t. The Compan) Tj ET Q q 0 0 0 rg BT 482.22 276.20 Td (y) Tj ET Q q 0 0 0 rg BT 487.05 276.20 Td () Tj ET Q q 0 0 0 rg BT 488.94 276.20 Td (s senior ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 264.20 Td (unsecur) Tj ET Q q 0 0 0 rg BT 86.23 264.20 Td (ed deben) Tj ET Q q 0 0 0 rg BT 124.34 264.20 Td (tur) Tj ET Q q 0 0 0 rg BT 136.30 264.20 Td (es ar) Tj ET Q q 0 0 0 rg BT 155.59 264.20 Td (e curr) Tj ET Q q 0 0 0 rg BT 179.15 264.20 Td (en) Tj ET Q q 0 0 0 rg BT 189.29 264.20 Td (tly r) Tj ET Q q 0 0 0 rg BT 205.00 264.20 Td (a) Tj ET Q q 0 0 0 rg BT 209.70 264.20 Td (t) Tj ET Q q 0 0 0 rg BT 212.94 264.20 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 225.43 264.20 Td (BBB \(high\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 267.58 264.20 Td ( with a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 297.20 264.20 Td (s) Tj ET Q q 0 0 0 rg BT 301.00 264.20 Td (t) Tj ET Q q 0 0 0 rg BT 304.23 264.20 Td (able) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 321.54 264.20 Td ( tr) Tj ET Q q 0 0 0 rg BT 330.51 264.20 Td (end b) Tj ET Q q 0 0 0 rg BT 353.46 264.20 Td (y Dominion Bond Ra) Tj ET Q q 0 0 0 rg BT 435.90 264.20 Td (ting Ser) Tj ET Q q 0 0 0 rg BT 466.92 264.20 Td (vice L) Tj ET Q q 0 0 0 rg BT 489.21 264.20 Td (t) Tj ET Q q 0 0 0 rg BT 492.45 264.20 Td (d. and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 520.04 264.20 Td (Baa2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 540.13 264.20 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 252.20 Td (with a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.36 252.20 Td (s) Tj ET Q q 0 0 0 rg BT 85.16 252.20 Td (t) Tj ET Q q 0 0 0 rg BT 88.38 252.20 Td (able) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.70 252.20 Td ( outlook b) Tj ET Q q 0 0 0 rg BT 146.69 252.20 Td (y Moody) Tj ET Q q 0 0 0 rg BT 182.66 252.20 Td () Tj ET Q q 0 0 0 rg BT 184.54 252.20 Td (s In) Tj ET Q q 0 0 0 rg BT 198.32 252.20 Td (v) Tj ET Q q 0 0 0 rg BT 202.74 252.20 Td (es) Tj ET Q q 0 0 0 rg BT 211.51 252.20 Td (t) Tj ET Q q 0 0 0 rg BT 214.77 252.20 Td (or) Tj ET Q q 0 0 0 rg BT 223.36 252.20 Td (s Ser) Tj ET Q q 0 0 0 rg BT 242.68 252.20 Td (vice.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 234.20 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 234.20 Td (y) Tj ET Q q 0 0 0 rg BT 109.90 234.20 Td () Tj ET Q q 0 0 0 rg BT 111.78 234.20 Td (s long-t) Tj ET Q q 0 0 0 rg BT 141.79 234.20 Td (erm financial objectiv) Tj ET Q q 0 0 0 rg BT 229.20 234.20 Td (es ha) Tj ET Q q 0 0 0 rg BT 250.23 234.20 Td (v) Tj ET Q q 0 0 0 rg BT 254.64 234.20 Td (e r) Tj ET Q q 0 0 0 rg BT 265.24 234.20 Td (emained sub) Tj ET Q q 0 0 0 rg BT 317.40 234.20 Td (s) Tj ET Q q 0 0 0 rg BT 321.20 234.20 Td (t) Tj ET Q q 0 0 0 rg BT 324.42 234.20 Td (an) Tj ET Q q 0 0 0 rg BT 334.38 234.20 Td (tially unchang) Tj ET Q q 0 0 0 rg BT 390.85 234.20 Td (ed during the pas) Tj ET Q q 0 0 0 rg BT 461.53 234.20 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.14 234.20 Td (eigh) Tj ET Q q 0 0 0 rg BT 484.28 234.20 Td (t) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.63 234.20 Td ( y) Tj ET Q q 0 0 0 rg BT 494.29 234.20 Td (ear) Tj ET Q q 0 0 0 rg BT 507.37 234.20 Td (s. Since ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 222.20 Td (bec) Tj ET Q q 0 0 0 rg BT 68.38 222.20 Td (oming an in) Tj ET Q q 0 0 0 rg BT 115.84 222.20 Td (v) Tj ET Q q 0 0 0 rg BT 120.26 222.20 Td (es) Tj ET Q q 0 0 0 rg BT 129.03 222.20 Td (tmen) Tj ET Q q 0 0 0 rg BT 150.51 222.20 Td (t gr) Tj ET Q q 0 0 0 rg BT 164.11 222.20 Td (ade r) Tj ET Q q 0 0 0 rg BT 184.67 222.20 Td (a) Tj ET Q q 0 0 0 rg BT 189.37 222.20 Td (t) Tj ET Q q 0 0 0 rg BT 192.61 222.20 Td (ed c) Tj ET Q q 0 0 0 rg BT 209.24 222.20 Td (ompan) Tj ET Q q 0 0 0 rg BT 237.62 222.20 Td (y in Ma) Tj ET Q q 0 0 0 rg BT 267.37 222.20 Td (y 2005, the Compan) Tj ET Q q 0 0 0 rg BT 348.73 222.20 Td (y has financed its gr) Tj ET Q q 0 0 0 rg BT 428.95 222.20 Td (o) Tj ET Q q 0 0 0 rg BT 434.18 222.20 Td (w) Tj ET Q q 0 0 0 rg BT 441.35 222.20 Td (th thr) Tj ET Q q 0 0 0 rg BT 464.14 222.20 Td (ough c) Tj ET Q q 0 0 0 rg BT 491.04 222.20 Td (ommon ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 210.20 Td (shar) Tj ET Q q 0 0 0 rg BT 71.31 210.20 Td (es, w) Tj ET Q q 0 0 0 rg BT 91.99 210.20 Td (arr) Tj ET Q q 0 0 0 rg BT 103.55 210.20 Td (an) Tj ET Q q 0 0 0 rg BT 113.50 210.20 Td (ts and c) Tj ET Q q 0 0 0 rg BT 144.72 210.20 Td (on) Tj ET Q q 0 0 0 rg BT 155.08 210.20 Td (v) Tj ET Q q 0 0 0 rg BT 159.50 210.20 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 214.01 210.20 Td (tur) Tj ET Q q 0 0 0 rg BT 225.97 210.20 Td (es \(c) Tj ET Q q 0 0 0 rg BT 244.30 210.20 Td (ashless\) f) Tj ET Q q 0 0 0 rg BT 281.48 210.20 Td (or the equity c) Tj ET Q q 0 0 0 rg BT 340.40 210.20 Td (omponen) Tj ET Q q 0 0 0 rg BT 379.58 210.20 Td (t and thr) Tj ET Q q 0 0 0 rg BT 414.68 210.20 Td (ough senior unsecur) Tj ET Q q 0 0 0 rg BT 497.12 210.20 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 198.20 Td (deben) Tj ET Q q 0 0 0 rg BT 79.62 198.20 Td (tur) Tj ET Q q 0 0 0 rg BT 91.58 198.20 Td (es, mortg) Tj ET Q q 0 0 0 rg BT 129.84 198.20 Td (ag) Tj ET Q q 0 0 0 rg BT 139.25 198.20 Td (es and cr) Tj ET Q q 0 0 0 rg BT 175.54 198.20 Td (edit f) Tj ET Q q 0 0 0 rg BT 196.53 198.20 Td (acilities f) Tj ET Q q 0 0 0 rg BT 232.07 198.20 Td (or the deb) Tj ET Q q 0 0 0 rg BT 274.37 198.20 Td (t c) Tj ET Q q 0 0 0 rg BT 284.13 198.20 Td (omponen) Tj ET Q q 0 0 0 rg BT 323.31 198.20 Td (t.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 180.20 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 180.20 Td (y) Tj ET Q q 0 0 0 rg BT 109.90 180.20 Td () Tj ET Q q 0 0 0 rg BT 111.78 180.20 Td (s long-t) Tj ET Q q 0 0 0 rg BT 141.79 180.20 Td (erm financing s) Tj ET Q q 0 0 0 rg BT 203.69 180.20 Td (tr) Tj ET Q q 0 0 0 rg BT 210.32 180.20 Td (a) Tj ET Q q 0 0 0 rg BT 215.02 180.20 Td (t) Tj ET Q q 0 0 0 rg BT 218.26 180.20 Td (egy is based on main) Tj ET Q q 0 0 0 rg BT 302.66 180.20 Td (t) Tj ET Q q 0 0 0 rg BT 305.89 180.20 Td (aining fle) Tj ET Q q 0 0 0 rg BT 342.92 180.20 Td (xibility in accessing v) Tj ET Q q 0 0 0 rg BT 426.56 180.20 Td (arious f) Tj ET Q q 0 0 0 rg BT 456.67 180.20 Td (orms of deb) Tj ET Q q 0 0 0 rg BT 505.62 180.20 Td (t and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 168.20 Td (equity c) Tj ET Q q 0 0 0 rg BT 86.06 168.20 Td (apit) Tj ET Q q 0 0 0 rg BT 101.63 168.20 Td (al b) Tj ET Q q 0 0 0 rg BT 116.18 168.20 Td (y main) Tj ET Q q 0 0 0 rg BT 143.20 168.20 Td (t) Tj ET Q q 0 0 0 rg BT 146.43 168.20 Td (aining a pool of unencumber) Tj ET Q q 0 0 0 rg BT 263.07 168.20 Td (ed asse) Tj ET Q q 0 0 0 rg BT 293.09 168.20 Td (ts and in) Tj ET Q q 0 0 0 rg BT 327.55 168.20 Td (v) Tj ET Q q 0 0 0 rg BT 331.97 168.20 Td (es) Tj ET Q q 0 0 0 rg BT 340.75 168.20 Td (tmen) Tj ET Q q 0 0 0 rg BT 362.22 168.20 Td (t gr) Tj ET Q q 0 0 0 rg BT 375.82 168.20 Td (ade cr) Tj ET Q q 0 0 0 rg BT 400.68 168.20 Td (edit r) Tj ET Q q 0 0 0 rg BT 422.10 168.20 Td (a) Tj ET Q q 0 0 0 rg BT 426.80 168.20 Td (tings fr) Tj ET Q q 0 0 0 rg BT 454.95 168.20 Td (om r) Tj ET Q q 0 0 0 rg BT 473.76 168.20 Td (a) Tj ET Q q 0 0 0 rg BT 478.45 168.20 Td (ting ag) Tj ET Q q 0 0 0 rg BT 505.73 168.20 Td (encies. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 156.20 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 156.20 Td (y periodic) Tj ET Q q 0 0 0 rg BT 144.83 156.20 Td (ally r) Tj ET Q q 0 0 0 rg BT 164.36 156.20 Td (e-e) Tj ET Q q 0 0 0 rg BT 177.32 156.20 Td (v) Tj ET Q q 0 0 0 rg BT 181.69 156.20 Td (alua) Tj ET Q q 0 0 0 rg BT 198.73 156.20 Td (t) Tj ET Q q 0 0 0 rg BT 201.97 156.20 Td (es its o) Tj ET Q q 0 0 0 rg BT 230.16 156.20 Td (v) Tj ET Q q 0 0 0 rg BT 234.58 156.20 Td (er) Tj ET Q q 0 0 0 rg BT 242.84 156.20 Td (all financing and c) Tj ET Q q 0 0 0 rg BT 315.57 156.20 Td (apit) Tj ET Q q 0 0 0 rg BT 331.14 156.20 Td (al e) Tj ET Q q 0 0 0 rg BT 345.31 156.20 Td (x) Tj ET Q q 0 0 0 rg BT 349.38 156.20 Td (ecution s) Tj ET Q q 0 0 0 rg BT 386.07 156.20 Td (tr) Tj ET Q q 0 0 0 rg BT 392.70 156.20 Td (a) Tj ET Q q 0 0 0 rg BT 397.39 156.20 Td (t) Tj ET Q q 0 0 0 rg BT 400.64 156.20 Td (egy t) Tj ET Q q 0 0 0 rg BT 420.36 156.20 Td (o ensur) Tj ET Q q 0 0 0 rg BT 450.64 156.20 Td (e the bes) Tj ET Q q 0 0 0 rg BT 487.75 156.20 Td (t access t) Tj ET Q q 0 0 0 rg BT 524.91 156.20 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 144.20 Td (a) Tj ET Q q 0 0 0 rg BT 58.62 144.20 Td (v) Tj ET Q q 0 0 0 rg BT 62.99 144.20 Td (ailable c) Tj ET Q q 0 0 0 rg BT 96.09 144.20 Td (apit) Tj ET Q q 0 0 0 rg BT 111.66 144.20 Td (al a) Tj ET Q q 0 0 0 rg BT 125.70 144.20 Td (t the lo) Tj ET Q q 0 0 0 rg BT 154.68 144.20 Td (w) Tj ET Q q 0 0 0 rg BT 161.74 144.20 Td (es) Tj ET Q q 0 0 0 rg BT 170.52 144.20 Td (t possible c) Tj ET Q q 0 0 0 rg BT 215.70 144.20 Td (os) Tj ET Q q 0 0 0 rg BT 224.78 144.20 Td (t.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 126.20 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 126.20 Td (y is subject t) Tj ET Q q 0 0 0 rg BT 155.20 126.20 Td (o financial c) Tj ET Q q 0 0 0 rg BT 203.39 126.20 Td (o) Tj ET Q q 0 0 0 rg BT 208.62 126.20 Td (v) Tj ET Q q 0 0 0 rg BT 213.04 126.20 Td (enan) Tj ET Q q 0 0 0 rg BT 233.22 126.20 Td (ts in agr) Tj ET Q q 0 0 0 rg BT 265.41 126.20 Td (eemen) Tj ET Q q 0 0 0 rg BT 293.48 126.20 Td (ts g) Tj ET Q q 0 0 0 rg BT 307.64 126.20 Td (o) Tj ET Q q 0 0 0 rg BT 312.87 126.20 Td (v) Tj ET Q q 0 0 0 rg BT 317.29 126.20 Td (erning its senior unsecur) Tj ET Q q 0 0 0 rg BT 417.03 126.20 Td (ed deben) Tj ET Q q 0 0 0 rg BT 455.14 126.20 Td (tur) Tj ET Q q 0 0 0 rg BT 467.10 126.20 Td (es and secur) Tj ET Q q 0 0 0 rg BT 517.53 126.20 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 114.20 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 114.20 Td (e) Tj ET Q q 0 0 0 rg BT 62.28 114.20 Td (v) Tj ET Q q 0 0 0 rg BT 66.71 114.20 Td (olving cr) Tj ET Q q 0 0 0 rg BT 100.89 114.20 Td (edit f) Tj ET Q q 0 0 0 rg BT 121.88 114.20 Td (acilities. Based on the abo) Tj ET Q q 0 0 0 rg BT 227.63 114.20 Td (v) Tj ET Q q 0 0 0 rg BT 232.05 114.20 Td (e c) Tj ET Q q 0 0 0 rg BT 243.43 114.20 Td (alcula) Tj ET Q q 0 0 0 rg BT 266.99 114.20 Td (tions, the Compan) Tj ET Q q 0 0 0 rg BT 341.38 114.20 Td (y is in c) Tj ET Q q 0 0 0 rg BT 370.59 114.20 Td (ompliance with all of its applic) Tj ET Q q 0 0 0 rg BT 493.58 114.20 Td (able financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 102.20 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 102.20 Td (o) Tj ET Q q 0 0 0 rg BT 63.38 102.20 Td (v) Tj ET Q q 0 0 0 rg BT 67.79 102.20 Td (enan) Tj ET Q q 0 0 0 rg BT 87.97 102.20 Td (ts.) Tj ET Q endstream endobj 163 0 obj <> endobj 164 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (80) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (11) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.19 691.50 Td (. MOR) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 104.54 691.50 Td (T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.09 691.50 Td (GA) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.33 691.50 Td (GE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.94 691.50 Td (S AND CREDIT F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.83 691.50 Td (A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.15 691.50 Td (CILITIE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.30 691.50 Td (S) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 675 m 406.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 660 m 406.5 660 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 675 m 482.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 660 m 482.5 660 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 675 m 558.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 660 m 558.5 660 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 621 m 406.5 621 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 621 m 482.5 621 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 621 m 558.5 621 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 608 m 406.5 608 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 608 m 482.5 608 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 608 m 558.5 608 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 608 m 558.5 608 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 569 m 558.5 569 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 569 m 406.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 554 m 406.5 554 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 569 m 482.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 554 m 482.5 554 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 569 m 558.5 569 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 554 m 558.5 554 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 664.50 Td (\(unaudited\) \(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.65 664.50 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 664.50 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 650.75 Td (Fixed rate mortgages) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.00 650.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.55 650.75 Td (1,237,904) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.00 650.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.80 650.75 Td (1,331,833) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 637.75 Td (Floating rate mortgages and secured credit facilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.55 637.75 Td (7,787) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 637.75 Td (29,750) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 624.75 Td (Outstanding cheques) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.00 624.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 624.75 Td (5,000) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.00 611.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.55 611.75 Td (1,245,691) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.00 611.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.80 611.75 Td (1,366,583) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 598.75 Td (Current) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.00 598.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.45 598.75 Td (146,946) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.00 598.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.60 598.75 Td (254,367) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 585.75 Td (Mortgages on investment properties classified as held for sale) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.00 585.75 Td (37,664) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 585.75 Td (22,247) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 572.75 Td (Non-current) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.55 572.75 Td (1,061,081) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.55 572.75 Td (1,089,969) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.00 558.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.55 558.75 Td (1,245,691) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.00 558.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.80 558.75 Td (1,366,583) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 533.50 Td (Mortg) Tj ET Q q 0 0 0 rg BT 79.18 533.50 Td (ag) Tj ET Q q 0 0 0 rg BT 88.59 533.50 Td (es and the secur) Tj ET Q q 0 0 0 rg BT 154.86 533.50 Td (ed cr) Tj ET Q q 0 0 0 rg BT 174.94 533.50 Td (edit f) Tj ET Q q 0 0 0 rg BT 195.93 533.50 Td (acilities ar) Tj ET Q q 0 0 0 rg BT 236.77 533.50 Td (e secur) Tj ET Q q 0 0 0 rg BT 265.73 533.50 Td (ed b) Tj ET Q q 0 0 0 rg BT 283.42 533.50 Td (y in) Tj ET Q q 0 0 0 rg BT 297.59 533.50 Td (v) Tj ET Q q 0 0 0 rg BT 302.01 533.50 Td (es) Tj ET Q q 0 0 0 rg BT 310.79 533.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 332.26 533.50 Td (t pr) Tj ET Q q 0 0 0 rg BT 346.45 533.50 Td (operties. Of the f) Tj ET Q q 0 0 0 rg BT 415.39 533.50 Td (air v) Tj ET Q q 0 0 0 rg BT 432.59 533.50 Td (alue of in) Tj ET Q q 0 0 0 rg BT 470.13 533.50 Td (v) Tj ET Q q 0 0 0 rg BT 474.55 533.50 Td (es) Tj ET Q q 0 0 0 rg BT 483.33 533.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 504.80 533.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 521.50 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 521.50 Td (operties of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.95 521.50 Td ($7.4 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.90 521.50 Td ( as a) Tj ET Q q 0 0 0 rg BT 171.82 521.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.43 521.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 194.11 521.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 241.02 521.50 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 246.31 521.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 325.77 521.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 335.27 521.50 Td ($7.3 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.23 521.50 Td (\), appr) Tj ET Q q 0 0 0 rg BT 406.64 521.50 Td (o) Tj ET Q q 0 0 0 rg BT 411.71 521.50 Td (xima) Tj ET Q q 0 0 0 rg BT 431.03 521.50 Td (t) Tj ET Q q 0 0 0 rg BT 434.27 521.50 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.33 521.50 Td ($2.7 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 493.28 521.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 509.50 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 57.03 509.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 136.50 509.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.00 509.50 Td ($3.0 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 190.95 509.50 Td (\) has been pledg) Tj ET Q q 0 0 0 rg BT 257.58 509.50 Td (ed as security under the mortg) Tj ET Q q 0 0 0 rg BT 382.26 509.50 Td (ag) Tj ET Q q 0 0 0 rg BT 391.68 509.50 Td (es and the secur) Tj ET Q q 0 0 0 rg BT 457.95 509.50 Td (ed cr) Tj ET Q q 0 0 0 rg BT 478.02 509.50 Td (edit ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 497.50 Td (f) Tj ET Q q 0 0 0 rg BT 56.86 497.50 Td (acilities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 476.50 Td (As a) Tj ET Q q 0 0 0 rg BT 70.66 476.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.27 476.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 92.95 476.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.85 476.50 Td (, the f) Tj ET Q q 0 0 0 rg BT 163.31 476.50 Td (air v) Tj ET Q q 0 0 0 rg BT 180.51 476.50 Td (alue of the Compan) Tj ET Q q 0 0 0 rg BT 260.22 476.50 Td (y's mortg) Tj ET Q q 0 0 0 rg BT 297.74 476.50 Td (ag) Tj ET Q q 0 0 0 rg BT 307.15 476.50 Td (es, loans and cr) Tj ET Q q 0 0 0 rg BT 369.72 476.50 Td (edit f) Tj ET Q q 0 0 0 rg BT 390.71 476.50 Td (acilities w) Tj ET Q q 0 0 0 rg BT 430.45 476.50 Td (as appr) Tj ET Q q 0 0 0 rg BT 460.03 476.50 Td (o) Tj ET Q q 0 0 0 rg BT 465.11 476.50 Td (xima) Tj ET Q q 0 0 0 rg BT 484.42 476.50 Td (t) Tj ET Q q 0 0 0 rg BT 487.66 476.50 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 464.50 Td ($1.3 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.95 464.50 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 104.24 464.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 183.71 464.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.21 464.50 Td ($1.4 billion) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 238.16 464.50 Td (\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 443.50 Td (\(i\) Mort) Tj ET Q q 0 0 0 rg BT 87.20 443.50 Td (gages) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 425.50 Td (Mortg) Tj ET Q q 0 0 0 rg BT 79.18 425.50 Td (ag) Tj ET Q q 0 0 0 rg BT 88.59 425.50 Td (es bear c) Tj ET Q q 0 0 0 rg BT 124.65 425.50 Td (oupon in) Tj ET Q q 0 0 0 rg BT 160.68 425.50 Td (t) Tj ET Q q 0 0 0 rg BT 163.92 425.50 Td (er) Tj ET Q q 0 0 0 rg BT 172.25 425.50 Td (es) Tj ET Q q 0 0 0 rg BT 181.03 425.50 Td (t a) Tj ET Q q 0 0 0 rg BT 191.33 425.50 Td (t a w) Tj ET Q q 0 0 0 rg BT 211.06 425.50 Td (eigh) Tj ET Q q 0 0 0 rg BT 228.19 425.50 Td (t) Tj ET Q q 0 0 0 rg BT 231.44 425.50 Td (ed a) Tj ET Q q 0 0 0 rg BT 248.55 425.50 Td (v) Tj ET Q q 0 0 0 rg BT 252.97 425.50 Td (er) Tj ET Q q 0 0 0 rg BT 261.23 425.50 Td (ag) Tj ET Q q 0 0 0 rg BT 270.64 425.50 Td (e in) Tj ET Q q 0 0 0 rg BT 285.33 425.50 Td (t) Tj ET Q q 0 0 0 rg BT 288.58 425.50 Td (er) Tj ET Q q 0 0 0 rg BT 296.91 425.50 Td (es) Tj ET Q q 0 0 0 rg BT 305.68 425.50 Td (t r) Tj ET Q q 0 0 0 rg BT 314.57 425.50 Td (a) Tj ET Q q 0 0 0 rg BT 319.27 425.50 Td (t) Tj ET Q q 0 0 0 rg BT 322.51 425.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 340.33 425.50 Td (5.17%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.21 425.50 Td ( per annum as a) Tj ET Q q 0 0 0 rg BT 429.91 425.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.52 425.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 452.20 425.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 499.11 425.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 413.50 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 57.03 413.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 136.50 413.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.00 413.50 Td (5.21%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 170.88 413.50 Td ( per annum\) and ma) Tj ET Q q 0 0 0 rg BT 253.19 413.50 Td (tur) Tj ET Q q 0 0 0 rg BT 265.15 413.50 Td (e in the y) Tj ET Q q 0 0 0 rg BT 302.44 413.50 Td (ear) Tj ET Q q 0 0 0 rg BT 315.52 413.50 Td (s r) Tj ET Q q 0 0 0 rg BT 324.97 413.50 Td (anging fr) Tj ET Q q 0 0 0 rg BT 360.62 413.50 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.14 413.50 Td (2014 t) Tj ET Q q 0 0 0 rg BT 401.92 413.50 Td (o 2025) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.73 413.50 Td (. The w) Tj ET Q q 0 0 0 rg BT 458.94 413.50 Td (eigh) Tj ET Q q 0 0 0 rg BT 476.08 413.50 Td (t) Tj ET Q q 0 0 0 rg BT 479.32 413.50 Td (ed a) Tj ET Q q 0 0 0 rg BT 496.44 413.50 Td (v) Tj ET Q q 0 0 0 rg BT 500.86 413.50 Td (er) Tj ET Q q 0 0 0 rg BT 509.11 413.50 Td (ag) Tj ET Q q 0 0 0 rg BT 518.53 413.50 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 401.50 Td (e) Tj ET Q q 0 0 0 rg BT 58.89 401.50 Td (f) Tj ET Q q 0 0 0 rg BT 61.84 401.50 Td (f) Tj ET Q q 0 0 0 rg BT 64.64 401.50 Td (ectiv) Tj ET Q q 0 0 0 rg BT 83.91 401.50 Td (e in) Tj ET Q q 0 0 0 rg BT 98.60 401.50 Td (t) Tj ET Q q 0 0 0 rg BT 101.85 401.50 Td (er) Tj ET Q q 0 0 0 rg BT 110.18 401.50 Td (es) Tj ET Q q 0 0 0 rg BT 118.95 401.50 Td (t r) Tj ET Q q 0 0 0 rg BT 127.84 401.50 Td (a) Tj ET Q q 0 0 0 rg BT 132.54 401.50 Td (t) Tj ET Q q 0 0 0 rg BT 135.78 401.50 Td (e on all fix) Tj ET Q q 0 0 0 rg BT 176.86 401.50 Td (ed r) Tj ET Q q 0 0 0 rg BT 192.63 401.50 Td (a) Tj ET Q q 0 0 0 rg BT 197.33 401.50 Td (t) Tj ET Q q 0 0 0 rg BT 200.57 401.50 Td (e mortg) Tj ET Q q 0 0 0 rg BT 232.43 401.50 Td (ag) Tj ET Q q 0 0 0 rg BT 241.84 401.50 Td (e financing as a) Tj ET Q q 0 0 0 rg BT 304.13 401.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 309.74 401.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 326.42 401.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.33 401.50 Td ( is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.05 401.50 Td (4.85%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 408.93 401.50 Td ( per annum \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.00 401.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 540.46 401.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 389.50 Td (4.90%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 78.88 389.50 Td ( per annum\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 366.10 Td (\(ii\) Credit f) Tj ET Q q 0 0 0 rg BT 98.58 366.10 Td (acilities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 351.10 Td (The f) Tj ET Q q 0 0 0 rg BT 74.21 351.10 Td (ollo) Tj ET Q q 0 0 0 rg BT 89.30 351.10 Td (wing t) Tj ET Q q 0 0 0 rg BT 114.20 351.10 Td (able summariz) Tj ET Q q 0 0 0 rg BT 173.21 351.10 Td (es the de) Tj ET Q q 0 0 0 rg BT 210.37 351.10 Td (t) Tj ET Q q 0 0 0 rg BT 213.60 351.10 Td (ails of the Compan) Tj ET Q q 0 0 0 rg BT 289.28 351.10 Td (y) Tj ET Q q 0 0 0 rg BT 294.11 351.10 Td () Tj ET Q q 0 0 0 rg BT 296.00 351.10 Td (s lines of cr) Tj ET Q q 0 0 0 rg BT 341.33 351.10 Td (edit as a) Tj ET Q q 0 0 0 rg BT 375.12 351.10 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.73 351.10 Td (Mar) Tj ET Q q 0 0 0 rg BT 397.41 351.10 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.32 351.10 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 340.6 m 162.5 340.6 l s 0 0 0 RG 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229.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 251.60000000000002 m 468.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 229.60000000000002 m 468.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468.5 251.60000000000002 m 551.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 229.60000000000002 m 551.5 229.60000000000002 l s BT /F4 7.50 Tf ET q 0 0 0 rg BT 57.00 332.48 Td (\(unaudited\) \(thousands of) Tj ET Q BT /F4 7.50 Tf ET q 0 0 0 rg BT 57.00 324.98 Td (Canadian dollars, except other) Tj ET Q BT /F4 7.50 Tf ET q 0 0 0 rg BT 57.00 317.48 Td (data\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 177.35 325.48 Td (Borr) Tj ET Q q 0 0 0 rg BT 190.49 325.48 Td (o) Tj ET Q q 0 0 0 rg BT 194.42 325.48 Td (wing) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 183.05 317.98 Td (Capacity) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 234.45 325.48 Td (Amoun) Tj ET Q q 0 0 0 rg BT 256.55 325.48 Td (ts) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 242.05 317.98 Td (Dr) Tj ET Q q 0 0 0 rg BT 249.13 317.98 Td (a) Tj ET Q q 0 0 0 rg BT 252.67 317.98 Td (wn) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 268.10 325.48 Td (Outstanding Letters) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 301.60 317.98 Td (of Credit) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 342.40 325.48 Td (Available to) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 348.70 317.98 Td (be Drawn) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 423.05 317.98 Td (Interest Rates) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 505.35 317.98 Td (Maturity Date) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 304.35 Td (Secured by development) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 295.35 Td (properties) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 165.00 304.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 184.15 304.35 Td (75,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 215.00 304.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.10 304.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.00 304.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.35 304.35 Td (\(23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.25 304.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.00 304.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.15 304.35 Td (74,977) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.10 304.35 Td (BA + 1.25% or) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.50 295.35 Td (Prime + 0.25%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.45 304.35 Td (December 31, 2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 281.35 Td (Unsecured) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 179.60 281.35 Td (600,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.10 281.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 281.35 Td (\(38,609) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.25 281.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.60 281.35 Td (561,391) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.85 281.35 Td (C$ at BA + 1.325% or) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.05 272.35 Td (Prime + 0.325% or) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.40 263.35 Td (US$ at LIBOR) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.50 254.35 Td (+ 1.325%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.50 281.35 Td (June 30, 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 242.35 Td (Total secured and) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 233.35 Td (unsecured facilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 165.00 234.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 179.60 234.35 Td (675,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 215.00 234.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.10 234.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.00 234.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 234.35 Td (\(38,632) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.25 234.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.00 234.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.60 234.35 Td (636,368) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 165 0 obj <> endobj 166 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 736.70 Td (NO) Tj ET Q q 0 0 0 rg BT 66.82 736.70 Td (TE) Tj ET Q q 0 0 0 rg BT 75.58 736.70 Td (S T) Tj ET Q q 0 0 0 rg BT 86.08 736.70 Td (O THE INTERIM C) Tj ET Q q 0 0 0 rg BT 150.00 736.70 Td (ONSOLID) Tj ET Q q 0 0 0 rg BT 184.02 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 188.77 736.70 Td (TED FINANCIAL S) Tj ET Q q 0 0 0 rg BT 251.79 736.70 Td (T) Tj ET Q q 0 0 0 rg BT 255.54 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 260.29 736.70 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 291.73 736.70 Td (S c) Tj ET Q q 0 0 0 rg BT 308.26 736.70 Td (on) Tj ET Q q 0 0 0 rg BT 317.84 736.70 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (81) Tj ET Q BT /F3 6.00 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RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 532 m 438.5 532 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 547 m 498.5 547 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 532 m 498.5 532 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 547 m 558.5 547 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 532 m 558.5 532 l s BT /F4 7.50 Tf ET q 0 0 0 rg BT 57.00 655.38 Td (\(unaudited\) \(thousands of Canadian dollars, except other data\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 343.40 662.88 Td (Scheduled) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 335.35 655.38 Td (Amortiz) Tj ET Q q 0 0 0 rg BT 359.32 655.38 Td (a) Tj ET Q q 0 0 0 rg BT 362.85 655.38 Td (tion) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 395.80 662.88 Td (P) Tj ET Q q 0 0 0 rg BT 399.51 662.88 Td (a) Tj ET Q q 0 0 0 rg BT 402.97 662.88 Td (ymen) Tj ET Q q 0 0 0 rg BT 419.96 662.88 Td (ts on) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 408.35 655.38 Td (Ma) Tj ET Q q 0 0 0 rg BT 418.29 655.38 Td (turity) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 480.30 655.38 Td (Total) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 531.25 675.88 Td (Coupon) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 525.60 668.38 Td (Weighted) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 505.25 660.88 Td (Average Interest) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 541.20 653.38 Td (Rate) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 640.75 Td (2014 \(remainder of the year\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.00 641.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.15 641.75 Td (26,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 641.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.60 641.75 Td (110,899) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.00 641.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.60 641.75 Td (137,158) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 641.75 Td (5.93) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 641.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 627.75 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.90 628.75 Td (29,007) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.35 628.75 Td (213,110) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.35 628.75 Td (242,117) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 628.75 Td (4.98) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 628.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 614.75 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.90 615.75 Td (23,403) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.35 615.75 Td (155,032) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.35 615.75 Td (178,435) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 615.75 Td (5.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 615.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 601.75 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.90 602.75 Td (20,522) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.90 602.75 Td (82,901) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.35 602.75 Td (103,423) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 602.75 Td (5.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 602.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 588.75 Td (2018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.90 589.75 Td (16,485) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.35 589.75 Td (123,046) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.35 589.75 Td (139,531) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 589.75 Td (5.53) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 589.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 575.75 Td (2019 to 2025) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.90 576.75 Td (42,083) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.35 576.75 Td (393,030) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.35 576.75 Td (435,113) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 576.75 Td (4.97) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 576.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.00 563.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 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492.66 514.50 Td (5.93%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 517.54 514.50 Td ( per ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 502.50 Td (annum and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 102.36 502.50 Td ($26.3 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 155.11 502.50 Td ( of scheduled amortiz) Tj ET Q q 0 0 0 rg BT 242.59 502.50 Td (a) Tj ET Q q 0 0 0 rg BT 247.29 502.50 Td (tion of principal balances during the r) Tj ET Q q 0 0 0 rg BT 399.18 502.50 Td (emainder of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.05 502.50 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.32 502.50 Td (. ) Tj ET Q endstream endobj 167 0 obj <> endobj 168 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET 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0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 317 m 347.5 317 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 317 m 413.5 317 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 317 m 481.5 317 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 317 m 554.5 317 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 291 m 134.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 276 m 134.5 276 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 134.5 291 m 161.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 134.5 276 m 161.5 276 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 161.5 291 m 242.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 161.5 276 m 242.5 276 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 291 m 293.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 276 m 293.5 276 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 293.5 291 m 347.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 276 m 347.5 276 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 347.5 291 m 413.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 276 m 413.5 276 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 413.5 291 m 481.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 276 m 481.5 276 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 291 m 554.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 276 m 554.5 276 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 664.50 Td (\(unaudited\) \(thousands of Canadian dollars, except other data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.65 664.50 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.40 664.50 Td (December 31, 2013) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 275.00 651.88 Td (Interest Rate) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 57.00 633.38 Td (Maturity Date) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 138.40 633.38 Td (Series) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 164.00 633.38 Td (Date of Issue) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 255.60 633.38 Td (Coupon) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 307.00 633.38 Td (Effective) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 382.90 639.88 Td (Principal) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 371.65 632.38 Td (Outs) Tj ET Q q 0 0 0 rg BT 386.25 632.38 Td (t) Tj ET Q q 0 0 0 rg BT 388.78 632.38 Td (anding) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 453.55 633.38 Td (Liability) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 527.50 633.38 Td (Liability) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 620.13 Td (October 30, 2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 145.50 620.13 Td (F) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 620.13 Td (April 5, 2007) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 620.13 Td (5.32%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 620.13 Td (5.47%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 350.00 620.13 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 382.30 620.13 Td (100,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 416.00 620.13 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 620.13 Td (99,927) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 484.00 620.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 620.13 Td (99,927) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 607.13 Td (June 1, 2015) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 144.80 607.13 Td (G) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 607.13 Td (November 20, 2009) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 607.13 Td (5.95%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 607.13 Td (6.13%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 382.30 607.13 Td (125,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 450.30 607.13 Td (124,750) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 523.35 607.13 Td (124,699) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 594.13 Td (January 31, 2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 144.85 594.13 Td (H) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 594.13 Td (January 21, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 594.13 Td (5.85%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 594.13 Td (5.99%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 382.30 594.13 Td (125,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 450.30 594.13 Td (124,538) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 523.35 594.13 Td (124,501) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 581.13 Td (November 30, 2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 146.40 581.13 Td (I) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 581.13 Td (April 13, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 581.13 Td (5.70%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 581.13 Td (5.85%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.60 581.13 Td (50,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 581.13 Td (49,755) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 581.13 Td (49,740) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 568.13 Td (November 30, 2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 146.40 568.13 Td (I) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 568.13 Td (April 13, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 568.13 Td (5.70%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 568.13 Td (5.82%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.60 568.13 Td (25,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 568.13 Td (24,903) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 568.13 Td (24,898) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 555.13 Td (November 30, 2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 146.40 555.13 Td (I) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 555.13 Td (June 14, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 555.13 Td (5.70%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 555.13 Td (5.70%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.60 555.13 Td (50,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 555.13 Td (49,994) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 555.13 Td (49,993) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 542.13 Td (August 30, 2018) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 146.10 542.13 Td (J) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 542.13 Td (July 12, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 542.13 Td (5.25%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 542.13 Td (5.66%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.60 542.13 Td (50,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 542.13 Td (49,369) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 542.13 Td (49,328) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 529.13 Td (November 30, 2018) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 145.25 529.13 Td (K) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 529.13 Td (August 25, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 529.13 Td (4.95%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 529.13 Td (5.30%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.60 529.13 Td (50,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 529.13 Td (49,287) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 529.13 Td (49,254) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 516.13 Td (November 30, 2018) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 145.25 516.13 Td (K) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 516.13 Td (October 26, 2010) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 516.13 Td (4.95%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 516.13 Td (5.04%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.60 516.13 Td (50,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 516.13 Td (49,811) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 516.13 Td (49,802) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 503.13 Td (July 30, 2019) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 145.70 503.13 Td (L) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 503.13 Td (January 21, 2011) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 503.13 Td (5.48%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 503.13 Td (5.61%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 382.30 503.13 Td (150,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 450.30 503.13 Td (149,118) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 523.35 503.13 Td (149,083) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 490.13 Td (April 30, 2020) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 143.85 490.13 Td (M) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 490.13 Td (March 30, 2011) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 490.13 Td (5.60%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 490.13 Td (5.73%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 382.30 490.13 Td (110,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 450.30 490.13 Td (109,280) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 523.35 490.13 Td (109,255) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 477.13 Td (April 30, 2020) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 143.85 477.13 Td (M) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 477.13 Td (June 13, 2011) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 477.13 Td (5.60%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 477.13 Td (5.39%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.60 477.13 Td (65,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 477.13 Td (65,703) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 477.13 Td (65,727) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 464.13 Td (March 1, 2021) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 144.75 464.13 Td (N) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 464.13 Td (April 4, 2012) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 464.13 Td (4.50%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 464.13 Td (4.63%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 382.30 464.13 Td (175,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 450.30 464.13 Td (173,713) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 523.35 464.13 Td (173,675) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 451.13 Td (January 31, 2022) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 144.65 451.13 Td (O) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 451.13 Td (June 1, 2012) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 451.13 Td (4.43%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 451.13 Td (4.56%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 382.30 451.13 Td (100,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 451.13 Td (99,187) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 451.13 Td (99,165) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 438.13 Td (January 31, 2022) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 144.65 438.13 Td (O) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 438.13 Td (July 17, 2012) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 438.13 Td (4.43%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 438.13 Td (4.42%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.60 438.13 Td (50,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 438.13 Td (50,035) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 438.13 Td (50,037) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 425.13 Td (January 31, 2022) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 144.65 425.13 Td (O) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 425.13 Td (August 29, 2013) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 425.13 Td (4.43%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 425.13 Td (4.83%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.60 425.13 Td (50,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 425.13 Td (48,701) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 425.13 Td (48,664) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 412.13 Td (December 5, 2022) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 145.30 412.13 Td (P) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 412.13 Td (December 5, 2012) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 412.13 Td (3.95%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 412.13 Td (4.16%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 382.30 412.13 Td (150,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 450.30 412.13 Td (147,759) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 523.35 412.13 Td (147,708) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 399.13 Td (December 5, 2022) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 145.30 399.13 Td (P) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 399.13 Td (January 14, 2013) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 399.13 Td (3.95%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 399.13 Td (4.20%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 382.30 399.13 Td (100,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 399.13 Td (98,170) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 399.13 Td (98,133) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 386.13 Td (October 30, 2023) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 144.60 386.13 Td (Q) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 386.13 Td (March 26, 2013) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 386.13 Td (3.90%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 386.13 Td (4.06%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 382.30 386.13 Td (125,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 450.30 386.13 Td (123,402) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 523.35 386.13 Td (123,374) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 373.13 Td (October 30, 2023) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 144.60 373.13 Td (Q) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 373.13 Td (May 15, 2013) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 373.13 Td (3.90%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 373.13 Td (3.90%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 382.30 373.13 Td (175,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 450.30 373.13 Td (174,992) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 523.35 373.13 Td (174,990) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 360.13 Td (August 30, 2024) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 145.15 360.13 Td (R) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 360.13 Td (January 20, 2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 360.13 Td (4.79%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 360.13 Td (4.91%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 382.30 360.13 Td (150,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 450.30 360.13 Td (148,531) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 543.65 360.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 347.13 Td (August 30, 2024) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 145.15 347.13 Td (R) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 347.13 Td (February 18, 2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 347.13 Td (4.79%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 347.13 Td (4.63%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.60 347.13 Td (75,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 347.13 Td (75,983) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 543.65 347.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 334.13 Td (August 30, 2024) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 145.15 334.13 Td (R) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.00 334.13 Td (March 11, 2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 334.13 Td (4.79%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 334.13 Td (4.43%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.60 334.13 Td (75,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 334.13 Td (77,228) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 543.65 334.13 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.90 321.13 Td (4.85%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 309.40 321.13 Td (4.96%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 350.00 321.13 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 375.80 321.13 Td (2,175,000) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 416.00 321.13 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 443.80 321.13 Td (2,164,136) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 484.00 321.13 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 516.80 321.13 Td (1,861,953) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 308.13 Td (Current) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 416.00 308.13 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.60 308.13 Td (99,927) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 484.00 308.13 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.65 308.13 Td (99,927) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 57.00 295.13 Td (Non-current) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 443.80 295.13 Td (2,064,209) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 516.95 295.13 Td (1,762,026) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 416.00 280.63 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 443.80 280.63 Td (2,164,136) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 484.00 280.63 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 516.95 280.63 Td (1,861,953) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 255.50 Td (In) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 61.68 255.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 64.92 255.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 73.25 255.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.03 255.50 Td (t on the senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.95 255.50 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 214.06 255.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.02 255.50 Td (es is pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 255.49 255.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 259.87 255.50 Td (able semi-annually and principal is pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.69 255.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.07 255.50 Td (able on ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 461.11 255.50 Td (turity) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.72 255.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 237.50 Td (On ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.14 237.50 Td (Januar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 94.95 237.50 Td (y20, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.90 237.50 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.20 237.50 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.13 237.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.87 237.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.11 237.50 Td (ed the issuance of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 306.91 237.50 Td ($150 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.13 237.50 Td ( principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.27 237.50 Td (t of senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 501.16 237.50 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 225.50 Td (deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.62 225.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.58 225.50 Td (es, Series ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.72 225.50 Td (R) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.15 225.50 Td (, due ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 159.65 225.50 Td (Augus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 184.45 225.50 Td (t30, 2024) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.23 225.50 Td (. These deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 281.88 225.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.84 225.50 Td (es bear in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.21 225.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 336.45 225.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.78 225.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 353.56 225.50 Td (t a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 363.86 225.50 Td (t a c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.67 225.50 Td (oupon r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.52 225.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 417.22 225.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.46 225.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.28 225.50 Td (4.79%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.16 225.50 Td ( per annum ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 213.50 Td (pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.86 213.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.23 213.50 Td (able semi-annually c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.90 213.50 Td (ommencing ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.13 213.50 Td (Augus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.93 213.50 Td (t30, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 266.71 213.50 Td (. On ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.63 213.50 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.07 213.50 Td (ebruar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 317.37 213.50 Td (y18, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 359.32 213.50 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.62 213.50 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 424.56 213.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.29 213.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 453.53 213.50 Td (ed the issuance of an ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 201.50 Td (additional ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.11 201.50 Td ($75 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.27 201.50 Td ( principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.41 201.50 Td (t of the senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 302.13 201.50 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 340.25 201.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.20 201.50 Td (es, which w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 399.32 201.50 Td (as a r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.69 201.50 Td (e-opening of this series of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 189.50 Td (deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.62 189.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.58 189.50 Td (es with an e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.23 189.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.18 189.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.98 189.50 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 165.25 189.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 175.77 189.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.46 189.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.71 189.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.53 189.50 Td (4.63%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.41 189.50 Td ( per annum. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 171.50 Td (On ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.14 171.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.82 171.50 Td (ch11, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 131.72 171.50 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 186.03 171.50 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.96 171.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.69 171.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 225.93 171.50 Td (ed the issuance of an additional ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 357.14 171.50 Td ($75 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.31 171.50 Td ( principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 470.45 171.50 Td (t of the senior ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 159.50 Td (unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.23 159.50 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.34 159.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.30 159.50 Td (es, Series ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.44 159.50 Td (R) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.87 159.50 Td (, prior issuances of which w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 293.56 159.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 301.89 159.50 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.27 159.50 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.00 159.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 342.25 159.50 Td (ed on ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 367.53 159.50 Td (Januar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.34 159.50 Td (y20, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 436.29 159.50 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 456.11 159.50 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.56 159.50 Td (ebruar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.85 159.50 Td (y18, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 529.81 159.50 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 147.50 Td (These deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.87 147.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.83 147.50 Td (es bear in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.20 147.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.44 147.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 168.77 147.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 177.54 147.50 Td (t a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.85 147.50 Td (t an e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 210.66 147.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.61 147.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.41 147.50 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.68 147.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 246.20 147.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 250.89 147.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.14 147.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.96 147.50 Td (4.43%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.84 147.50 Td ( per annum, pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.23 147.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 362.60 147.50 Td (able semi-annually) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.16 147.50 Td (, c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.06 147.50 Td (ommencing ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 135.50 Td (Augus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 78.80 135.50 Td (t30, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.58 135.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 117.50 Td (The f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.22 117.50 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.42 117.50 Td (alue of the senior unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.11 117.50 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.22 117.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.18 117.50 Td (es is appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 285.42 117.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.49 117.50 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.81 117.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.05 117.50 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 327.11 117.50 Td ($2.3 billion) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.06 117.50 Td ( as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 389.98 117.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 395.59 117.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.27 117.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.18 117.50 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 464.47 117.50 Td (December31, ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 105.50 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.27 105.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.78 105.50 Td ($1.9 billion) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.73 105.50 Td (\).) Tj ET Q endstream endobj 169 0 obj <> endobj 170 0 obj <> stream BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 736.70 Td (NO) Tj ET Q q 0 0 0 rg BT 66.82 736.70 Td (TE) Tj ET Q q 0 0 0 rg BT 75.58 736.70 Td (S T) Tj ET Q q 0 0 0 rg BT 86.08 736.70 Td (O THE INTERIM C) Tj ET Q q 0 0 0 rg BT 150.00 736.70 Td (ONSOLID) Tj ET Q q 0 0 0 rg BT 184.02 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 188.77 736.70 Td (TED FINANCIAL S) Tj ET Q q 0 0 0 rg BT 251.79 736.70 Td (T) Tj ET Q q 0 0 0 rg BT 255.54 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 260.29 736.70 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 291.73 736.70 Td (S c) Tj ET Q q 0 0 0 rg BT 308.26 736.70 Td (on) Tj ET Q q 0 0 0 rg BT 317.84 736.70 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (83) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (13) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.19 691.50 Td (. C) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.40 691.50 Td (ONVER) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.95 691.50 Td (TIBLE DEBENTURE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.57 691.50 Td (S) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 675 m 136.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 660 m 136.5 660 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 136.5 675 m 211.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 136.5 660 m 211.5 660 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 675 m 249.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 211.5 660 m 249.5 660 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 675 m 286.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 249.5 660 m 286.5 660 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 675 m 331.5 675 l s 0 0 0 RG /GS0 gs 0.50 w 0 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376.5 544 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 544 m 421.5 544 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 544 m 466.5 544 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.5 544 m 511.5 544 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.5 544 m 556.5 544 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 544 m 136.5 544 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 529 m 136.5 529 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 136.5 544 m 211.5 544 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 136.5 529 m 211.5 529 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 211.5 544 m 249.5 544 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 529 m 249.5 529 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 249.5 544 m 286.5 544 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 529 m 286.5 529 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 286.5 544 m 331.5 544 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 529 m 331.5 529 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331.5 544 m 376.5 544 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 529 m 376.5 529 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 544 m 421.5 544 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 529 m 421.5 529 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 544 m 466.5 544 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 529 m 466.5 529 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.5 544 m 511.5 544 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 529 m 511.5 529 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.5 544 m 556.5 544 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 529 m 556.5 529 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 664.50 Td (\(unaudited\) \(thousands of Canadian dollars, except other data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.65 664.50 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.40 664.50 Td (December 31, 2013) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 229.00 651.88 Td (Interest Rate) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 57.00 639.38 Td (Maturity Date) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 139.00 639.38 Td (Date of Issue) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 218.10 639.38 Td (Coupon) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 254.50 639.38 Td (Effective) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 300.90 639.38 Td (Principal) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 348.55 639.38 Td (Liability) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 398.40 639.38 Td (Equity) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 436.70 639.38 Td (Principal) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 484.50 639.38 Td (Liability) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 533.90 639.38 Td (Equity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 626.50 Td (June 30, 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 139.00 626.50 Td (December 30, 2009) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 220.00 626.50 Td (5.70%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.50 626.50 Td (6.88%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.00 626.50 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.15 626.50 Td (42,903) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.00 626.50 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 626.50 Td (41,449) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.00 626.50 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.30 626.50 Td (984) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.00 626.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 626.50 Td (42,917) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.00 626.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.25 626.50 Td (41,362) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.00 626.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.35 626.50 Td (984) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 613.50 Td (January 31, 2019) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 139.00 613.50 Td (April 28, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 220.00 613.50 Td (5.40%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.50 613.50 Td (6.90%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.15 613.50 Td (57,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 613.50 Td (53,992) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.20 613.50 Td (2,192) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 613.50 Td (57,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.25 613.50 Td (53,844) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.30 613.50 Td (2,192) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 600.50 Td (January 31, 2019) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 139.00 600.50 Td (August 9, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 220.00 600.50 Td (5.25%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.50 600.50 Td (6.07%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.15 600.50 Td (57,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 600.50 Td (55,560) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.30 600.50 Td (390) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 600.50 Td (57,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.25 600.50 Td (55,477) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.35 600.50 Td (390) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 587.50 Td (March 31, 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 139.00 587.50 Td (December 15, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 220.00 587.50 Td (5.25%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.50 587.50 Td (6.66%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.15 587.50 Td (50,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 587.50 Td (47,557) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.20 587.50 Td (1,155) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 587.50 Td (50,000) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.25 587.50 Td (47,427) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.30 587.50 Td (1,155) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 574.50 Td (March 31, 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 139.00 574.50 Td (February 16, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 220.00 574.50 Td (4.95%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.50 574.50 Td (6.51%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.15 574.50 Td (75,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 574.50 Td (71,851) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.20 574.50 Td (1,495) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 574.50 Td (75,000) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.25 574.50 Td (71,620) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.30 574.50 Td (1,495) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 561.50 Td (July 31, 2019) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 139.00 561.50 Td (May 22, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 220.00 561.50 Td (4.75%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.50 561.50 Td (6.19%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.15 561.50 Td (52,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 561.50 Td (49,412) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.20 561.50 Td (1,439) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 561.50 Td (52,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.25 561.50 Td (49,277) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.30 561.50 Td (1,439) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 548.50 Td (February 28, 2020) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 139.00 548.50 Td (February 19, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 220.00 548.50 Td (4.45%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.50 548.50 Td (5.34%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.15 548.50 Td (57,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.15 548.50 Td (55,095) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.30 548.50 Td (403) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 548.50 Td (57,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.25 548.50 Td (55,005) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.35 548.50 Td (403) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 220.00 533.50 Td (5.08%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.50 533.50 Td (6.35%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.00 533.50 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.10 533.50 Td (392,903) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.00 533.50 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.10 533.50 Td (374,916) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.00 533.50 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.20 533.50 Td (8,058) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.00 533.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 437.20 533.50 Td (392,917) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.00 533.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.20 533.50 Td (374,012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.00 533.50 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.30 533.50 Td (8,058) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 502.65 Td (\(a\) Principal and in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.94 502.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.95 502.65 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.12 502.65 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.81 502.65 Td (t) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 487.65 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 487.65 Td (y has the op) Tj ET Q q 0 0 0 rg BT 154.40 487.65 Td (tion of r) Tj ET Q q 0 0 0 rg BT 186.77 487.65 Td (epa) Tj ET Q q 0 0 0 rg BT 201.60 487.65 Td (ying the c) Tj ET Q q 0 0 0 rg BT 240.63 487.65 Td (on) Tj ET Q q 0 0 0 rg BT 250.99 487.65 Td (v) Tj ET Q q 0 0 0 rg BT 255.41 487.65 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 309.92 487.65 Td (tur) Tj ET Q q 0 0 0 rg BT 321.88 487.65 Td (es on ma) Tj ET Q q 0 0 0 rg BT 358.50 487.65 Td (turity thr) Tj ET Q q 0 0 0 rg BT 394.95 487.65 Td (ough the issuance of c) Tj ET Q q 0 0 0 rg BT 485.15 487.65 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 536.50 487.65 Td (es ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 475.65 Td (a) Tj ET Q q 0 0 0 rg BT 58.70 475.65 Td (t 97% of the w) Tj ET Q q 0 0 0 rg BT 117.34 475.65 Td (eigh) Tj ET Q q 0 0 0 rg BT 134.48 475.65 Td (t) Tj ET Q q 0 0 0 rg BT 137.72 475.65 Td (ed a) Tj ET Q q 0 0 0 rg BT 154.83 475.65 Td (v) Tj ET Q q 0 0 0 rg BT 159.25 475.65 Td (er) Tj ET Q q 0 0 0 rg BT 167.51 475.65 Td (ag) Tj ET Q q 0 0 0 rg BT 176.92 475.65 Td (e tr) Tj ET Q q 0 0 0 rg BT 190.79 475.65 Td (ading price of the Compan) Tj ET Q q 0 0 0 rg BT 297.98 475.65 Td (y) Tj ET Q q 0 0 0 rg BT 302.81 475.65 Td () Tj ET Q q 0 0 0 rg BT 304.70 475.65 Td (s c) Tj ET Q q 0 0 0 rg BT 315.02 475.65 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 366.36 475.65 Td (es. The Compan) Tj ET Q q 0 0 0 rg BT 431.10 475.65 Td (y also has the op) Tj ET Q q 0 0 0 rg BT 498.96 475.65 Td (tion of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 463.65 Td (pa) Tj ET Q q 0 0 0 rg BT 63.86 463.65 Td (ying the semi-annual in) Tj ET Q q 0 0 0 rg BT 158.33 463.65 Td (t) Tj ET Q q 0 0 0 rg BT 161.57 463.65 Td (er) Tj ET Q q 0 0 0 rg BT 169.90 463.65 Td (es) Tj ET Q q 0 0 0 rg BT 178.67 463.65 Td (t thr) Tj ET Q q 0 0 0 rg BT 196.21 463.65 Td (ough the issuance of c) Tj ET Q q 0 0 0 rg BT 286.41 463.65 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 337.76 463.65 Td (es v) Tj ET Q q 0 0 0 rg BT 353.28 463.65 Td (alued in the same manner) Tj ET Q q 0 0 0 rg BT 458.42 463.65 Td (. In addition, the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 451.65 Td (Compan) Tj ET Q q 0 0 0 rg BT 87.71 451.65 Td (y has the op) Tj ET Q q 0 0 0 rg BT 137.03 451.65 Td (tion of r) Tj ET Q q 0 0 0 rg BT 169.41 451.65 Td (epa) Tj ET Q q 0 0 0 rg BT 184.24 451.65 Td (ying the c) Tj ET Q q 0 0 0 rg BT 223.27 451.65 Td (on) Tj ET Q q 0 0 0 rg BT 233.63 451.65 Td (v) Tj ET Q q 0 0 0 rg BT 238.05 451.65 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 292.56 451.65 Td (tur) Tj ET Q q 0 0 0 rg BT 304.52 451.65 Td (es prior t) Tj ET Q q 0 0 0 rg BT 340.97 451.65 Td (o the ma) Tj ET Q q 0 0 0 rg BT 377.03 451.65 Td (turity da) Tj ET Q q 0 0 0 rg BT 411.50 451.65 Td (t) Tj ET Q q 0 0 0 rg BT 414.75 451.65 Td (e under cert) Tj ET Q q 0 0 0 rg BT 464.39 451.65 Td (ain cir) Tj ET Q q 0 0 0 rg BT 488.85 451.65 Td (cums) Tj ET Q q 0 0 0 rg BT 510.12 451.65 Td (t) Tj ET Q q 0 0 0 rg BT 513.35 451.65 Td (ances, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 439.65 Td (either in c) Tj ET Q q 0 0 0 rg BT 94.55 439.65 Td (ash or in c) Tj ET Q q 0 0 0 rg BT 135.74 439.65 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 187.09 439.65 Td (es. Consis) Tj ET Q q 0 0 0 rg BT 226.63 439.65 Td (t) Tj ET Q q 0 0 0 rg BT 229.87 439.65 Td (en) Tj ET Q q 0 0 0 rg BT 240.01 439.65 Td (t with e) Tj ET Q q 0 0 0 rg BT 270.75 439.65 Td (xis) Tj ET Q q 0 0 0 rg BT 281.17 439.65 Td (ting pr) Tj ET Q q 0 0 0 rg BT 307.57 439.65 Td (actice, it is the Compan) Tj ET Q q 0 0 0 rg BT 402.12 439.65 Td (y) Tj ET Q q 0 0 0 rg BT 406.94 439.65 Td () Tj ET Q q 0 0 0 rg BT 408.83 439.65 Td (s curr) Tj ET Q q 0 0 0 rg BT 431.32 439.65 Td (en) Tj ET Q q 0 0 0 rg BT 441.46 439.65 Td (t in) Tj ET Q q 0 0 0 rg BT 454.53 439.65 Td (t) Tj ET Q q 0 0 0 rg BT 457.77 439.65 Td (en) Tj ET Q q 0 0 0 rg BT 467.91 439.65 Td (tion t) Tj ET Q q 0 0 0 rg BT 489.59 439.65 Td (o c) Tj ET Q q 0 0 0 rg BT 501.27 439.65 Td (on) Tj ET Q q 0 0 0 rg BT 511.71 439.65 Td (tinue t) Tj ET Q q 0 0 0 rg BT 538.35 439.65 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 427.65 Td (sa) Tj ET Q q 0 0 0 rg BT 62.61 427.65 Td (tis) Tj ET Q q 0 0 0 rg BT 72.07 427.65 Td (f) Tj ET Q q 0 0 0 rg BT 75.17 427.65 Td (y its oblig) Tj ET Q q 0 0 0 rg BT 113.41 427.65 Td (a) Tj ET Q q 0 0 0 rg BT 118.11 427.65 Td (tions of principal and in) Tj ET Q q 0 0 0 rg BT 213.47 427.65 Td (t) Tj ET Q q 0 0 0 rg BT 216.71 427.65 Td (er) Tj ET Q q 0 0 0 rg BT 225.04 427.65 Td (es) Tj ET Q q 0 0 0 rg BT 233.81 427.65 Td (t pa) Tj ET Q q 0 0 0 rg BT 249.28 427.65 Td (ymen) Tj ET Q q 0 0 0 rg BT 271.93 427.65 Td (ts in r) Tj ET Q q 0 0 0 rg BT 294.62 427.65 Td (espect of all of its outs) Tj ET Q q 0 0 0 rg BT 385.88 427.65 Td (t) Tj ET Q q 0 0 0 rg BT 389.11 427.65 Td (anding c) Tj ET Q q 0 0 0 rg BT 423.07 427.65 Td (on) Tj ET Q q 0 0 0 rg BT 433.43 427.65 Td (v) Tj ET Q q 0 0 0 rg BT 437.85 427.65 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 492.36 427.65 Td (tur) Tj ET Q q 0 0 0 rg BT 504.32 427.65 Td (es b) Tj ET Q q 0 0 0 rg BT 520.67 427.65 Td (y the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 415.65 Td (issuance of c) Tj ET Q q 0 0 0 rg BT 105.61 415.65 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 156.96 415.65 Td (es. Since issuance, the Compan) Tj ET Q q 0 0 0 rg BT 283.16 415.65 Td (y has made all principal and in) Tj ET Q q 0 0 0 rg BT 405.50 415.65 Td (t) Tj ET Q q 0 0 0 rg BT 408.74 415.65 Td (er) Tj ET Q q 0 0 0 rg BT 417.07 415.65 Td (es) Tj ET Q q 0 0 0 rg BT 425.85 415.65 Td (t pa) Tj ET Q q 0 0 0 rg BT 441.31 415.65 Td (ymen) Tj ET Q q 0 0 0 rg BT 463.97 415.65 Td (ts on its c) Tj ET Q q 0 0 0 rg BT 502.24 415.65 Td (on) Tj ET Q q 0 0 0 rg BT 512.60 415.65 Td (v) Tj ET Q q 0 0 0 rg BT 517.02 415.65 Td (ertible ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 403.65 Td (deben) Tj ET Q q 0 0 0 rg BT 79.62 403.65 Td (tur) Tj ET Q q 0 0 0 rg BT 91.58 403.65 Td (es using c) Tj ET Q q 0 0 0 rg BT 130.55 403.65 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 181.90 403.65 Td (es.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 385.65 Td (During the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.25 385.65 Td (thr) Tj ET Q q 0 0 0 rg BT 111.21 385.65 Td (ee mon) Tj ET Q q 0 0 0 rg BT 141.84 385.65 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 201.27 385.65 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.18 385.65 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 252.94 385.65 Td (0.6 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 295.55 385.65 Td ( c) Tj ET Q q 0 0 0 rg BT 301.96 385.65 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 353.31 385.65 Td (es \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 367.49 385.65 Td (thr) Tj ET Q q 0 0 0 rg BT 379.44 385.65 Td (ee mon) Tj ET Q q 0 0 0 rg BT 410.08 385.65 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 469.51 385.65 Td (ch 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 516.42 385.65 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 373.65 Td (0.5 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.62 373.65 Td ( c) Tj ET Q q 0 0 0 rg BT 103.02 373.65 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 154.37 373.65 Td (es\) w) Tj ET Q q 0 0 0 rg BT 175.61 373.65 Td (er) Tj ET Q q 0 0 0 rg BT 183.94 373.65 Td (e issued f) Tj ET Q q 0 0 0 rg BT 221.88 373.65 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 232.90 373.65 Td ($10.0 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 285.66 373.65 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 290.95 373.65 Td (thr) Tj ET Q q 0 0 0 rg BT 302.91 373.65 Td (ee mon) Tj ET Q q 0 0 0 rg BT 333.54 373.65 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 392.97 373.65 Td (ch 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 439.88 373.65 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.38 373.65 Td ($8.8 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 497.07 373.65 Td (\) t) Tj ET Q q 0 0 0 rg BT 505.61 373.65 Td (o pa) Tj ET Q q 0 0 0 rg BT 523.00 373.65 Td (y ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 361.65 Td (in) Tj ET Q q 0 0 0 rg BT 61.46 361.65 Td (t) Tj ET Q q 0 0 0 rg BT 64.70 361.65 Td (er) Tj ET Q q 0 0 0 rg BT 73.03 361.65 Td (es) Tj ET Q q 0 0 0 rg BT 81.80 361.65 Td (t t) Tj ET Q q 0 0 0 rg BT 90.67 361.65 Td (o holder) Tj ET Q q 0 0 0 rg BT 124.57 361.65 Td (s of the c) Tj ET Q q 0 0 0 rg BT 161.31 361.65 Td (on) Tj ET Q q 0 0 0 rg BT 171.67 361.65 Td (v) Tj ET Q q 0 0 0 rg BT 176.09 361.65 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 230.60 361.65 Td (tur) Tj ET Q q 0 0 0 rg BT 242.56 361.65 Td (es. E) Tj ET Q q 0 0 0 rg BT 260.95 361.65 Td (ach series of the Compan) Tj ET Q q 0 0 0 rg BT 363.43 361.65 Td (y) Tj ET Q q 0 0 0 rg BT 368.26 361.65 Td () Tj ET Q q 0 0 0 rg BT 370.14 361.65 Td (s c) Tj ET Q q 0 0 0 rg BT 380.46 361.65 Td (on) Tj ET Q q 0 0 0 rg BT 390.82 361.65 Td (v) Tj ET Q q 0 0 0 rg BT 395.24 361.65 Td (ertible unsecur) Tj ET Q q 0 0 0 rg BT 456.36 361.65 Td (ed subor) Tj ET Q q 0 0 0 rg BT 491.90 361.65 Td (dina) Tj ET Q q 0 0 0 rg BT 509.40 361.65 Td (t) Tj ET Q q 0 0 0 rg BT 512.64 361.65 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 349.65 Td (deben) Tj ET Q q 0 0 0 rg BT 79.62 349.65 Td (tur) Tj ET Q q 0 0 0 rg BT 91.58 349.65 Td (es bear) Tj ET Q q 0 0 0 rg BT 121.06 349.65 Td (s in) Tj ET Q q 0 0 0 rg BT 134.69 349.65 Td (t) Tj ET Q q 0 0 0 rg BT 137.93 349.65 Td (er) Tj ET Q q 0 0 0 rg BT 146.26 349.65 Td (es) Tj ET Q q 0 0 0 rg BT 155.04 349.65 Td (t pa) Tj ET Q q 0 0 0 rg BT 170.50 349.65 Td (y) Tj ET Q q 0 0 0 rg BT 174.88 349.65 Td (able semi-annually and is c) Tj ET Q q 0 0 0 rg BT 283.58 349.65 Td (on) Tj ET Q q 0 0 0 rg BT 293.94 349.65 Td (v) Tj ET Q q 0 0 0 rg BT 298.36 349.65 Td (ertible a) Tj ET Q q 0 0 0 rg BT 331.94 349.65 Td (t the op) Tj ET Q q 0 0 0 rg BT 363.88 349.65 Td (tion of the holder) Tj ET Q q 0 0 0 rg BT 435.10 349.65 Td (s in the c) Tj ET Q q 0 0 0 rg BT 471.07 349.65 Td (on) Tj ET Q q 0 0 0 rg BT 481.43 349.65 Td (v) Tj ET Q q 0 0 0 rg BT 485.85 349.65 Td (er) Tj ET Q q 0 0 0 rg BT 494.14 349.65 Td (sion ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 337.65 Td (periods in) Tj ET Q q 0 0 0 rg BT 94.17 337.65 Td (t) Tj ET Q q 0 0 0 rg BT 97.42 337.65 Td (o c) Tj ET Q q 0 0 0 rg BT 109.10 337.65 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 160.45 337.65 Td (es of the Compan) Tj ET Q q 0 0 0 rg BT 231.72 337.65 Td (y a) Tj ET Q q 0 0 0 rg BT 243.21 337.65 Td (t the c) Tj ET Q q 0 0 0 rg BT 268.80 337.65 Td (on) Tj ET Q q 0 0 0 rg BT 279.17 337.65 Td (v) Tj ET Q q 0 0 0 rg BT 283.58 337.65 Td (er) Tj ET Q q 0 0 0 rg BT 291.88 337.65 Td (sion prices indic) Tj ET Q q 0 0 0 rg BT 356.52 337.65 Td (a) Tj ET Q q 0 0 0 rg BT 361.22 337.65 Td (t) Tj ET Q q 0 0 0 rg BT 364.46 337.65 Td (ed belo) Tj ET Q q 0 0 0 rg BT 394.71 337.65 Td (w) Tj ET Q q 0 0 0 rg BT 401.22 337.65 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 321.15 m 119.5 321.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 294.15 m 119.5 294.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 119.5 321.15 m 155.5 321.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 119.5 294.15 m 155.5 294.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 321.15 m 201.5 321.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 155.5 294.15 m 201.5 294.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201.5 321.15 m 259.5 321.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 201.5 294.15 m 259.5 294.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 321.15 m 366.5 321.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 294.15 m 366.5 294.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 321.15 m 476.5 321.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 366.5 294.15 m 476.5 294.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 321.15 m 534.5 321.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 476.5 294.15 m 534.5 294.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534.5 321.15 m 548.5 321.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 534.5 294.15 m 548.5 294.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 201.14999999999998 m 119.5 201.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 119.5 201.14999999999998 m 155.5 201.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 201.14999999999998 m 201.5 201.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201.5 201.14999999999998 m 259.5 201.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 201.14999999999998 m 366.5 201.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 201.14999999999998 m 476.5 201.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 201.14999999999998 m 534.5 201.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534.5 201.14999999999998 m 548.5 201.14999999999998 l s BT /F3 7.00 Tf ET q 0 0 0 rg BT 57.00 305.40 Td (Ma) Tj ET Q q 0 0 0 rg BT 66.27 305.40 Td (turity) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 57.00 298.40 Td (Da) Tj ET Q q 0 0 0 rg BT 64.59 298.40 Td (t) Tj ET Q q 0 0 0 rg BT 66.86 298.40 Td (e) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 129.85 305.40 Td (Coupon) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 139.15 298.40 Td (Ra) Tj ET Q q 0 0 0 rg BT 146.24 298.40 Td (t) Tj ET Q q 0 0 0 rg BT 148.51 298.40 Td (e) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 172.90 298.40 Td (TSX) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 206.00 312.40 Td (Holder Option to) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 209.65 305.40 Td (Convert at the) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 206.35 298.40 Td (Conversion Price) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 268.65 305.40 Td (Compan) Tj ET Q q 0 0 0 rg BT 292.24 305.40 Td (y Op) Tj ET Q q 0 0 0 rg BT 305.28 305.40 Td (tion t) Tj ET Q q 0 0 0 rg BT 320.46 305.40 Td (o R) Tj ET Q q 0 0 0 rg BT 329.41 305.40 Td (edeem a) Tj ET Q q 0 0 0 rg BT 354.00 305.40 Td (t ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 265.75 298.40 Td (Principal Amoun) Tj ET Q q 0 0 0 rg BT 312.50 298.40 Td (t \(c) Tj ET Q q 0 0 0 rg BT 321.45 298.40 Td (onditional ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 351.97 301.74 Td (\(1\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 357.03 298.40 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 380.75 305.40 Td (Compan) Tj ET Q q 0 0 0 rg BT 404.34 305.40 Td (y Op) Tj ET Q q 0 0 0 rg BT 417.38 305.40 Td (tion t) Tj ET Q q 0 0 0 rg BT 432.56 305.40 Td (o R) Tj ET Q q 0 0 0 rg BT 441.51 305.40 Td (edeem ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 389.50 298.40 Td (a) Tj ET Q q 0 0 0 rg BT 392.79 298.40 Td (t Principal Amoun) Tj ET Q q 0 0 0 rg BT 443.47 298.40 Td (t ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 447.39 301.74 Td (\(2\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 483.70 298.40 Td (Conversion Price) Tj ET Q BT /F3 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 284.02 Td (June 30, 2017) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.30 284.02 Td (5.70) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.60 284.02 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.40 284.02 Td (FCR.DB.D) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.10 284.02 Td (2009-2016) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.00 284.02 Td (Jun 30, 2013 - Jun 29, 2015) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.00 284.02 Td (Jun 30, 2015 - Jun 30, 2017) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.00 284.02 Td ($) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.60 284.02 Td (18.75) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 271.02 Td (January 31, 2019) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.30 271.02 Td (5.40) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.60 271.02 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.35 271.02 Td (FCR.DB.E) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.10 271.02 Td (2011-2019) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.00 271.02 Td (Jan 31, 2015 - Jan 30, 2017) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.00 271.02 Td (Jan 31, 2017 - Jan 31, 2019) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.00 271.02 Td ($) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.60 271.02 Td (22.62) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 258.02 Td (January 31, 2019) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.30 258.02 Td (5.25) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.60 258.02 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.55 258.02 Td (FCR.DB.F) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.10 258.02 Td (2011-2019) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.00 258.02 Td (Jan 31, 2015 - Jan 30, 2017) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.00 258.02 Td (Jan 31, 2017 - Jan 31, 2019) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.00 258.02 Td ($) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.60 258.02 Td (23.77) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 245.02 Td (March 31, 2018) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.30 245.02 Td (5.25) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.60 245.02 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.40 245.02 Td (FCR.DB.G) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.10 245.02 Td (2011-2018) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.00 245.02 Td (Mar 31, 2015 - Mar 30, 2016) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.00 245.02 Td (Mar 31, 2016 - Mar 30, 2018) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.00 245.02 Td ($) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.60 245.02 Td (23.25) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 232.02 Td (March 31, 2017) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.30 232.02 Td (4.95) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.60 232.02 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.35 232.02 Td (FCR.DB.H) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.10 232.02 Td (2012-2017) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.00 232.02 Td (Mar 31, 2015 - Mar 30, 2016) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.00 232.02 Td (Mar 31, 2016 - Mar 31, 2017) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 485.00 232.02 Td ($) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 514.60 232.02 Td (23.75) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 219.02 Td (July 31, 2019) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.30 219.02 Td (4.75) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.60 219.02 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 172.10 219.02 Td (FCR.DB.I) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.10 219.02 Td (2012-2019) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.00 219.02 Td (Jul 31, 2015 - Jul 30, 2017) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.00 219.02 Td (Jul 31, 2017 - Jul 31, 2019) Tj ET Q BT /F3 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 483.50 220.52 Td ($26.75 - $27.75) Tj ET Q BT /F3 7.50 Tf ET BT /F3 4.87 Tf ET q 0 0 0 rg BT 530.99 224.10 Td ( ) Tj ET Q BT /F3 4.87 Tf ET q 0 0 0 rg BT 537.00 224.54 Td (\(3\)) Tj ET Q BT /F3 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 206.02 Td (February 28, 2020) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.30 206.02 Td (4.45) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.60 206.02 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 171.55 206.02 Td (FCR.DB.J) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 219.10 206.02 Td (2013-2020) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.00 206.02 Td (Feb 28, 2016 - Feb 27, 2018) Tj ET Q BT /F3 7.50 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 380.00 206.02 Td (Feb 28, 2018 - Feb 28, 2020) Tj ET Q BT /F3 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 483.50 205.52 Td ($26.75 - $27.75) Tj ET Q BT /F3 4.87 Tf ET q 0 0 0 rg BT 537.00 209.54 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 193.59 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 190.25 Td (P) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.48 190.25 Td (eriod of time during which the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.12 190.25 Td (y ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.69 190.25 Td (y r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.79 190.25 Td (edeem the deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.11 190.25 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.48 190.25 Td (es a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.57 190.25 Td (t their principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.75 190.25 Td (t plus accrued and unpaid in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.86 190.25 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.13 190.25 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.96 190.25 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.10 190.25 Td (t, pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.78 190.25 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.44 190.25 Td (vided tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.94 190.25 Td (t the v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.05 190.25 Td (olume w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 512.63 190.25 Td (eigh) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.62 190.25 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 526.89 190.25 Td (ed ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 181.85 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.24 181.85 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 69.33 181.85 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 75.11 181.85 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 81.70 181.85 Td (e tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 91.41 181.85 Td (ading price f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.34 181.85 Td (or the 20 c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.72 181.85 Td (onsecutiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.99 181.85 Td (e tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.70 181.85 Td (ading da) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.79 181.85 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.90 181.85 Td (s ending fiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 253.05 181.85 Td (e da) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 265.02 181.85 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.12 181.85 Td (s prior t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.16 181.85 Td (o the notice of r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 335.62 181.85 Td (edemp) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 355.51 181.85 Td (tion is not less than 125% of the Con) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.13 181.85 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 462.22 181.85 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 468.03 181.85 Td (sion Price, b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 502.40 181.85 Td (y giving ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 173.45 Td (be) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.12 173.45 Td (tw) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 77.41 173.45 Td (een 30 and 60 da) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 126.18 173.45 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.29 173.45 Td (s' writ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.45 173.45 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 148.72 173.45 Td (en notice.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 165.39 Td (\(2\) ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 162.05 Td (P) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.48 162.05 Td (eriod of time during which the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.12 162.05 Td (y ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 191.69 162.05 Td (y r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.79 162.05 Td (edeem the deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 249.11 162.05 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 257.48 162.05 Td (es a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.57 162.05 Td (t their principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 333.75 162.05 Td (t plus accrued and unpaid in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 413.86 162.05 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 416.13 162.05 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 421.96 162.05 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.10 162.05 Td (t b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.67 162.05 Td (y giving be) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 465.77 162.05 Td (tw) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.06 162.05 Td (een 30 and 60 da) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 521.83 162.05 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 524.94 162.05 Td (s' ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 153.65 Td (writ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.30 153.65 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.57 153.65 Td (en notice.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 145.59 Td (\(3\) ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 142.25 Td (These deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.31 142.25 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.68 142.25 Td (es ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.18 142.25 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.15 142.25 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.40 142.25 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.50 142.25 Td (ertible a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.01 142.25 Td (t the op) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.36 142.25 Td (tion of the holder in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.14 142.25 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.42 142.25 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.59 142.25 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.54 142.25 Td (es of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.43 142.25 Td (y a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.47 142.25 Td (t a c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.24 142.25 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.49 142.25 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.58 142.25 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.39 142.25 Td (sion price of $26.75 per c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.02 142.25 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.96 142.25 Td (e un) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.32 142.25 Td (til July 31, 2017 ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 133.85 Td (and $27.75 per c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.47 133.85 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 146.41 133.85 Td (e ther) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.33 133.85 Td (ea) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 170.12 133.85 Td (ft) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.53 133.85 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.75 133.85 Td (.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 125.79 Td (\(4\) ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 122.45 Td (These deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.31 122.45 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.68 122.45 Td (es ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 121.18 122.45 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 129.15 122.45 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.40 122.45 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.50 122.45 Td (ertible a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.01 122.45 Td (t the op) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 185.36 122.45 Td (tion of the holder in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 242.14 122.45 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 244.42 122.45 Td (o c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 252.59 122.45 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 288.54 122.45 Td (es of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.43 122.45 Td (y a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.47 122.45 Td (t a c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 358.24 122.45 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 365.49 122.45 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.58 122.45 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.39 122.45 Td (sion price of $26.75 per c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.02 122.45 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 481.96 122.45 Td (e un) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.32 122.45 Td (til ) Tj ET Q BT /F3 7.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 63.00 114.05 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 66.11 114.05 Td (ebruar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.22 114.05 Td (y 28, 2018 and $27.75 per c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.64 114.05 Td (ommon shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 199.58 114.05 Td (e ther) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 216.50 114.05 Td (ea) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.29 114.05 Td (ft) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 227.70 114.05 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 232.92 114.05 Td (.) Tj ET Q endstream endobj 171 0 obj <> endobj 172 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (84) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 693.00 Td (\(b\) Normal c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 115.56 693.00 Td (our) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.57 693.00 Td (se issuer bid) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 678.00 Td (On Augus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.94 678.00 Td (t23, 2013, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 188.01 678.00 Td (y r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 198.16 678.00 Td (ene) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 213.31 678.00 Td (w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 220.37 678.00 Td (ed its normal c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.17 678.00 Td (our) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 294.01 678.00 Td (se issuer bid \(NCIB\) f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.60 678.00 Td (or all of its then outs) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 469.43 678.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 472.66 678.00 Td (anding series of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 666.00 Td (c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.15 666.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.51 666.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.93 666.00 Td (ertible unsecur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 134.05 666.00 Td (ed subor) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.58 666.00 Td (dina) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.08 666.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 190.32 666.00 Td (ed deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 228.43 666.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.39 666.00 Td (es. The NCIB will e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 314.55 666.00 Td (xpir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 329.79 666.00 Td (e on Augus) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.61 666.00 Td (t26, 2014 or such earlier da) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 488.09 666.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 491.33 666.00 Td (e as the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 654.00 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 87.71 654.00 Td (y c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.64 654.00 Td (omple) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.37 654.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.61 654.00 Td (es its pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 164.42 654.00 Td (chases pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 207.58 654.00 Td (suan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.70 654.00 Td (t t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 235.56 654.00 Td (o the NCIB. All pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.95 654.00 Td (chases made under the NCIB ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.02 654.00 Td (e a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 448.96 654.00 Td (t mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.05 654.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.98 654.00 Td (t prices ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 642.00 Td (pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 62.61 642.00 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 67.54 642.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 71.91 642.00 Td (ailing a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 100.50 642.00 Td (t the time of pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.25 642.00 Td (chase de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 202.85 642.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.09 642.00 Td (ermined b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 247.78 642.00 Td (y or on behalf of the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.39 642.00 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.26 642.00 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 624.00 Td (F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 58.46 624.00 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 85.32 624.00 Td (thr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 97.28 624.00 Td (ee mon) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 127.91 624.00 Td (ths ended Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 187.34 624.00 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 234.25 624.00 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.07 624.00 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 274.34 624.00 Td (, principal amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.98 624.00 Td (ts of c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.23 624.00 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 379.59 624.00 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 384.01 624.00 Td (ertible deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.52 624.00 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.48 624.00 Td (es pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.47 624.00 Td (chased and ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 612.00 Td (amoun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.47 612.00 Td (ts paid f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.68 612.00 Td (or the pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.39 612.00 Td (chases ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 192.87 612.00 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 203.46 612.00 Td (epr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 217.04 612.00 Td (esen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 236.07 612.00 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.31 612.00 Td (ed in the t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 280.67 612.00 Td (able belo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.01 612.00 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 601.5 m 237.5 601.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 586.5 m 237.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 601.5 m 331.5 601.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 237.5 586.5 m 331.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 601.5 m 409.5 601.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331.5 586.5 m 409.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 601.5 m 490.5 601.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.5 586.5 m 490.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 601.5 m 558.5 601.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 586.5 m 558.5 586.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 568.5 m 237.5 568.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 553.5 m 237.5 553.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 237.5 568.5 m 331.5 568.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 553.5 m 331.5 553.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331.5 568.5 m 409.5 568.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 553.5 m 409.5 553.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.5 568.5 m 490.5 568.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 553.5 m 490.5 553.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 568.5 m 558.5 568.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 553.5 m 558.5 553.5 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 591.00 Td (\(unaudited\) \(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.95 591.00 Td (Three months ended March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.60 591.00 Td (Three months ended March 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.55 578.00 Td ( Principal Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.60 570.00 Td (Purchased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.90 573.00 Td (Amount Paid) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.05 578.00 Td ( Principal Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.25 570.00 Td (Purchased) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.10 573.00 Td (Amount Paid) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 59.00 558.25 Td (Total) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 240.00 558.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.00 558.25 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.00 558.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.00 558.25 Td (15) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 439.00 559.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 473.55 559.25 Td (834) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 519.00 559.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 541.55 559.25 Td (921) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 527.15 Td (\(c\) F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 74.39 527.15 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.74 527.15 Td (alue) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 512.15 Td (Based on T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.24 512.15 Td (S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.77 512.15 Td (X closing bid prices, as a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.08 512.15 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.69 512.15 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 222.37 512.15 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 269.28 512.15 Td (, the f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 292.73 512.15 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 309.93 512.15 Td (alue of the c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 360.08 512.15 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 370.44 512.15 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 374.86 512.15 Td (ertible deben) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 429.37 512.15 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.33 512.15 Td (es w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.51 512.15 Td (as appr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 489.10 512.15 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.18 512.15 Td (xima) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 513.49 512.15 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 516.73 512.15 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 500.15 Td ($393.8 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.82 500.15 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 117.12 500.15 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 196.58 500.15 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 206.08 500.15 Td ($390.1 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.90 500.15 Td (\). ) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 56.00 471.35 Td (14) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 70.19 471.35 Td (. O) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.26 471.35 Td (THER LIABILITIE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 176.62 471.35 Td (S) Tj ET Q 0.21176470588235294 0.20392156862745098 0.20784313725490197 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 454.85 m 379.5 454.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 439.85 m 379.5 439.85 l s 0.21176470588235294 0.20392156862745098 0.20784313725490197 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 454.85 m 415.5 454.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 379.5 439.85 m 415.5 439.85 l s 0.21176470588235294 0.20392156862745098 0.20784313725490197 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 454.85 m 487.5 454.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 415.5 439.85 m 487.5 439.85 l s 0.21176470588235294 0.20392156862745098 0.20784313725490197 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 454.85 m 558.5 454.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 439.85 m 558.5 439.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 413.85 m 379.5 413.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 398.85 m 379.5 398.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 379.5 413.85 m 415.5 413.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 398.85 m 415.5 398.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 415.5 413.85 m 487.5 413.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 398.85 m 487.5 398.85 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 413.85 m 558.5 413.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 398.85 m 558.5 398.85 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 446.35 Td (\(unaudited\) \(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.65 444.35 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 444.35 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 430.60 Td (Asset retirement obligations \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.00 430.60 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.00 430.60 Td (10,123) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 430.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 430.60 Td (11,168) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 417.60 Td (Ground leases payable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.00 417.60 Td (10,430) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 417.60 Td (10,308) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.00 403.60 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.00 403.60 Td (20,553) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 403.60 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 403.60 Td (21,476) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 381.35 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 72.00 381.35 Td (The Compan) Tj ET Q q 0 0 0 rg BT 123.07 381.35 Td (y has oblig) Tj ET Q q 0 0 0 rg BT 165.71 381.35 Td (a) Tj ET Q q 0 0 0 rg BT 170.41 381.35 Td (tions f) Tj ET Q q 0 0 0 rg BT 195.59 381.35 Td (or en) Tj ET Q q 0 0 0 rg BT 216.68 381.35 Td (vir) Tj ET Q q 0 0 0 rg BT 226.81 381.35 Td (onmen) Tj ET Q q 0 0 0 rg BT 255.47 381.35 Td (t) Tj ET Q q 0 0 0 rg BT 258.69 381.35 Td (al r) Tj ET Q q 0 0 0 rg BT 271.39 381.35 Td (emedia) Tj ET Q q 0 0 0 rg BT 301.58 381.35 Td (tion a) Tj ET Q q 0 0 0 rg BT 324.71 381.35 Td (t cert) Tj ET Q q 0 0 0 rg BT 346.24 381.35 Td (ain sit) Tj ET Q q 0 0 0 rg BT 370.29 381.35 Td (es within its pr) Tj ET Q q 0 0 0 rg BT 429.69 381.35 Td (operty portf) Tj ET Q q 0 0 0 rg BT 479.02 381.35 Td (olio. The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 369.35 Td (amoun) Tj ET Q q 0 0 0 rg BT 100.47 369.35 Td (ts r) Tj ET Q q 0 0 0 rg BT 113.34 369.35 Td (ec) Tj ET Q q 0 0 0 rg BT 122.46 369.35 Td (or) Tj ET Q q 0 0 0 rg BT 131.09 369.35 Td (ded as liabilities include those amoun) Tj ET Q q 0 0 0 rg BT 283.41 369.35 Td (ts r) Tj ET Q q 0 0 0 rg BT 296.29 369.35 Td (ec) Tj ET Q q 0 0 0 rg BT 305.41 369.35 Td (o) Tj ET Q q 0 0 0 rg BT 310.64 369.35 Td (v) Tj ET Q q 0 0 0 rg BT 315.06 369.35 Td (er) Tj ET Q q 0 0 0 rg BT 323.31 369.35 Td (able or r) Tj ET Q q 0 0 0 rg BT 357.26 369.35 Td (eimbur) Tj ET Q q 0 0 0 rg BT 386.35 369.35 Td (sable fr) Tj ET Q q 0 0 0 rg BT 416.21 369.35 Td (om other parties \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 489.69 369.35 Td (Not) Tj ET Q q 0 0 0 rg BT 504.66 369.35 Td (e 8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 516.96 369.35 Td (\(a\)\).) Tj ET Q BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 343.55 Td (15) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.19 343.55 Td (. A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.42 343.55 Td (CC) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 98.13 343.55 Td (OUNT) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.83 343.55 Td (S P) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 149.11 343.55 Td (A) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 156.45 343.55 Td (Y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 162.53 343.55 Td (ABLE AND O) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 233.63 343.55 Td (THER LIABILITIE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 323.99 343.55 Td (S) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 327.04999999999995 m 337.5 327.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 312.04999999999995 m 337.5 312.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 327.04999999999995 m 400.5 327.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337.5 312.04999999999995 m 400.5 312.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 327.04999999999995 m 472.5 327.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400.5 312.04999999999995 m 472.5 312.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 327.04999999999995 m 544.5 327.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 312.04999999999995 m 544.5 312.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 182.04999999999995 m 337.5 182.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 167.04999999999995 m 337.5 167.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337.5 182.04999999999995 m 400.5 182.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 167.04999999999995 m 400.5 167.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400.5 182.04999999999995 m 472.5 182.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 167.04999999999995 m 472.5 167.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 182.04999999999995 m 544.5 182.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 167.04999999999995 m 544.5 167.04999999999995 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 57.00 316.55 Td (\(unaudited\) \(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.35 316.55 Td (Note) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.65 316.55 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.40 316.55 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 302.80 Td (Trade payables and accruals) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.00 302.80 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.00 302.80 Td (52,216) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.00 302.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.15 302.80 Td (46,618) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 289.80 Td (Construction and development payables) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.00 289.80 Td (37,483) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.15 289.80 Td (41,260) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 276.80 Td (Dividends payable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.00 276.80 Td (43,799) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.15 276.80 Td (43,755) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 263.80 Td (Interest payable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.00 263.80 Td (34,216) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.15 263.80 Td (32,021) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 250.80 Td (Tenant deposits) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.00 250.80 Td (15,983) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.15 250.80 Td (18,779) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 237.80 Td (Derivatives at fair value \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.45 237.80 Td (491) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.55 237.80 Td (936) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 224.80 Td (Short positions in marketable securities \(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.55 224.80 Td (9,187) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.75 224.80 Td (8,089) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 211.80 Td (Mortgage payable \(c\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.55 211.80 Td (3,572) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.75 211.80 Td (8,800) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 198.80 Td (Loan payable \(d\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.10 198.80 Td (9 \(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.00 198.80 Td (17,073) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.15 198.80 Td (17,427) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 185.80 Td (Deferred purchase price of investment property shopping centre \(e\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.00 185.80 Td (21,569) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.15 185.80 Td (21,260) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.00 171.80 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.45 171.80 Td (235,589) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.00 171.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.60 171.80 Td (238,945) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 149.55 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 72.00 149.55 Td (The Compan) Tj ET Q q 0 0 0 rg BT 123.07 149.55 Td (y en) Tj ET Q q 0 0 0 rg BT 139.99 149.55 Td (t) Tj ET Q q 0 0 0 rg BT 143.24 149.55 Td (er) Tj ET Q q 0 0 0 rg BT 151.53 149.55 Td (s in) Tj ET Q q 0 0 0 rg BT 165.15 149.55 Td (t) Tj ET Q q 0 0 0 rg BT 168.41 149.55 Td (o f) Tj ET Q q 0 0 0 rg BT 178.78 149.55 Td (or) Tj ET Q q 0 0 0 rg BT 187.60 149.55 Td (w) Tj ET Q q 0 0 0 rg BT 194.63 149.55 Td (ar) Tj ET Q q 0 0 0 rg BT 202.77 149.55 Td (d c) Tj ET Q q 0 0 0 rg BT 214.43 149.55 Td (on) Tj ET Q q 0 0 0 rg BT 224.87 149.55 Td (tr) Tj ET Q q 0 0 0 rg BT 231.50 149.55 Td (acts and in) Tj ET Q q 0 0 0 rg BT 275.05 149.55 Td (t) Tj ET Q q 0 0 0 rg BT 278.29 149.55 Td (er) Tj ET Q q 0 0 0 rg BT 286.62 149.55 Td (es) Tj ET Q q 0 0 0 rg BT 295.40 149.55 Td (t r) Tj ET Q q 0 0 0 rg BT 304.29 149.55 Td (a) Tj ET Q q 0 0 0 rg BT 308.99 149.55 Td (t) Tj ET Q q 0 0 0 rg BT 312.23 149.55 Td (e s) Tj ET Q q 0 0 0 rg BT 323.33 149.55 Td (w) Tj ET Q q 0 0 0 rg BT 330.36 149.55 Td (ap) Tj ET Q q 0 0 0 rg BT 340.36 149.55 Td (s as part of its s) Tj ET Q q 0 0 0 rg BT 402.83 149.55 Td (tr) Tj ET Q q 0 0 0 rg BT 409.47 149.55 Td (a) Tj ET Q q 0 0 0 rg BT 414.16 149.55 Td (t) Tj ET Q q 0 0 0 rg BT 417.41 149.55 Td (egy f) Tj ET Q q 0 0 0 rg BT 436.72 149.55 Td (or managing cert) Tj ET Q q 0 0 0 rg BT 505.70 149.55 Td (ain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 137.55 Td (in) Tj ET Q q 0 0 0 rg BT 79.46 137.55 Td (t) Tj ET Q q 0 0 0 rg BT 82.70 137.55 Td (er) Tj ET Q q 0 0 0 rg BT 91.03 137.55 Td (es) Tj ET Q q 0 0 0 rg BT 99.80 137.55 Td (t r) Tj ET Q q 0 0 0 rg BT 108.69 137.55 Td (a) Tj ET Q q 0 0 0 rg BT 113.39 137.55 Td (t) Tj ET Q q 0 0 0 rg BT 116.63 137.55 Td (e risk) Tj ET Q q 0 0 0 rg BT 138.02 137.55 Td (s. F) Tj ET Q q 0 0 0 rg BT 151.17 137.55 Td (or those c) Tj ET Q q 0 0 0 rg BT 191.36 137.55 Td (on) Tj ET Q q 0 0 0 rg BT 201.79 137.55 Td (tr) Tj ET Q q 0 0 0 rg BT 208.43 137.55 Td (acts t) Tj ET Q q 0 0 0 rg BT 230.22 137.55 Td (o which the Compan) Tj ET Q q 0 0 0 rg BT 313.74 137.55 Td (y has applied hedg) Tj ET Q q 0 0 0 rg BT 389.23 137.55 Td (e acc) Tj ET Q q 0 0 0 rg BT 409.63 137.55 Td (oun) Tj ET Q q 0 0 0 rg BT 425.32 137.55 Td (ting) Tj ET Q q 0 0 0 rg BT 441.03 137.55 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 495.33 137.55 Td (y has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 125.55 Td (r) Tj ET Q q 0 0 0 rg BT 75.35 125.55 Td (ec) Tj ET Q q 0 0 0 rg BT 84.48 125.55 Td (or) Tj ET Q q 0 0 0 rg BT 93.10 125.55 Td (ded the chang) Tj ET Q q 0 0 0 rg BT 150.83 125.55 Td (es in f) Tj ET Q q 0 0 0 rg BT 174.65 125.55 Td (air v) Tj ET Q q 0 0 0 rg BT 191.85 125.55 Td (alue f) Tj ET Q q 0 0 0 rg BT 214.27 125.55 Td (or the e) Tj ET Q q 0 0 0 rg BT 246.01 125.55 Td (f) Tj ET Q q 0 0 0 rg BT 248.97 125.55 Td (f) Tj ET Q q 0 0 0 rg BT 251.77 125.55 Td (ectiv) Tj ET Q q 0 0 0 rg BT 271.04 125.55 Td (e portion of the deriv) Tj ET Q q 0 0 0 rg BT 357.53 125.55 Td (a) Tj ET Q q 0 0 0 rg BT 362.22 125.55 Td (tiv) Tj ET Q q 0 0 0 rg BT 372.29 125.55 Td (e in OCI \(loss\) fr) Tj ET Q q 0 0 0 rg BT 436.16 125.55 Td (om the da) Tj ET Q q 0 0 0 rg BT 477.47 125.55 Td (t) Tj ET Q q 0 0 0 rg BT 480.72 125.55 Td (e of designa) Tj ET Q q 0 0 0 rg BT 529.63 125.55 Td (tion. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 113.55 Td (F) Tj ET Q q 0 0 0 rg BT 76.46 113.55 Td (or those in) Tj ET Q q 0 0 0 rg BT 119.96 113.55 Td (t) Tj ET Q q 0 0 0 rg BT 123.20 113.55 Td (er) Tj ET Q q 0 0 0 rg BT 131.53 113.55 Td (es) Tj ET Q q 0 0 0 rg BT 140.31 113.55 Td (t r) Tj ET Q q 0 0 0 rg BT 149.20 113.55 Td (a) Tj ET Q q 0 0 0 rg BT 153.89 113.55 Td (t) Tj ET Q q 0 0 0 rg BT 157.14 113.55 Td (e s) Tj ET Q q 0 0 0 rg BT 168.24 113.55 Td (w) Tj ET Q q 0 0 0 rg BT 175.27 113.55 Td (ap) Tj ET Q q 0 0 0 rg BT 185.27 113.55 Td (s t) Tj ET Q q 0 0 0 rg BT 194.69 113.55 Td (o which the Compan) Tj ET Q q 0 0 0 rg BT 278.21 113.55 Td (y does not apply hedg) Tj ET Q q 0 0 0 rg BT 367.30 113.55 Td (e acc) Tj ET Q q 0 0 0 rg BT 387.70 113.55 Td (oun) Tj ET Q q 0 0 0 rg BT 403.39 113.55 Td (ting) Tj ET Q q 0 0 0 rg BT 419.10 113.55 Td (, the chang) Tj ET Q q 0 0 0 rg BT 463.85 113.55 Td (e in f) Tj ET Q q 0 0 0 rg BT 483.75 113.55 Td (air v) Tj ET Q q 0 0 0 rg BT 500.96 113.55 Td (alue is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 101.55 Td (r) Tj ET Q q 0 0 0 rg BT 75.35 101.55 Td (ec) Tj ET Q q 0 0 0 rg BT 84.48 101.55 Td (ogniz) Tj ET Q q 0 0 0 rg BT 105.73 101.55 Td (ed in other g) Tj ET Q q 0 0 0 rg BT 157.15 101.55 Td (ains \(losses\) and \(e) Tj ET Q q 0 0 0 rg BT 233.68 101.55 Td (xpenses\) \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 274.62 101.55 Td (Not) Tj ET Q q 0 0 0 rg BT 289.59 101.55 Td (e 21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.96 101.55 Td (\). ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 80.55 Td ( ) Tj ET Q endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 55.00 736.70 Td (NO) Tj ET Q q 0 0 0 rg BT 66.82 736.70 Td (TE) Tj ET Q q 0 0 0 rg BT 75.58 736.70 Td (S T) Tj ET Q q 0 0 0 rg BT 86.08 736.70 Td (O THE INTERIM C) Tj ET Q q 0 0 0 rg BT 150.00 736.70 Td (ONSOLID) Tj ET Q q 0 0 0 rg BT 184.02 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 188.77 736.70 Td (TED FINANCIAL S) Tj ET Q q 0 0 0 rg BT 251.79 736.70 Td (T) Tj ET Q q 0 0 0 rg BT 255.54 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 260.29 736.70 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 291.73 736.70 Td (S c) Tj ET Q q 0 0 0 rg BT 308.26 736.70 Td (on) Tj ET Q q 0 0 0 rg BT 317.84 736.70 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (85) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 694.50 Td ( ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 694.50 Td (The f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.21 694.50 Td (ollo) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 107.30 694.50 Td (wing ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.11 694.50 Td (e the f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.04 694.50 Td (air v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 180.25 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0 i [] 0 d 0 J 0 j 3 M 354.5 656 m 397.5 656 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 684 m 469.5 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 397.5 656 m 469.5 656 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 684 m 539.5 684 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 469.5 656 m 539.5 656 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 599 m 193.5 599 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 583 m 193.5 583 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193.5 599 m 257.5 599 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 583 m 257.5 583 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257.5 599 m 354.5 599 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 583 m 354.5 583 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 354.5 599 m 397.5 599 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 583 m 397.5 583 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 397.5 599 m 469.5 599 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 583 m 469.5 583 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 469.5 599 m 539.5 599 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 583 m 539.5 583 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 668.50 Td (\(unaudited\) \(thousands of) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 660.50 Td (Canadian dollars\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 202.40 675.50 Td (Designated as) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 211.60 667.50 Td (Hedging) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 206.90 659.50 Td (Instrument) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 291.25 660.50 Td (Maturity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.35 660.50 Td (Note) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.65 660.50 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.40 660.50 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 646.75 Td (Bond forward contracts) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 219.10 646.75 Td (Yes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.00 646.75 Td (June 2014/July 2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.20 646.75 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.00 646.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.65 646.75 Td (\(491) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.15 646.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.00 646.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.55 646.75 Td (321) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 633.75 Td (Interest rate swaps) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 219.10 626.75 Td (Yes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.00 633.75 Td (March 2022 through) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.00 624.75 Td (October 2022) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.20 626.75 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.55 626.75 Td (1,166) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.75 626.75 Td (2,827) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 612.75 Td (Interest rate swaps) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 217.90 603.75 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.00 603.75 Td (Settled in Q1 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.00 603.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.80 603.75 Td (\(936) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.25 603.75 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.00 587.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.45 587.75 Td (675) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.00 587.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.75 587.75 Td (2,212) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 565.50 Td (\(b\) ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 565.50 Td (The Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.07 565.50 Td (y in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.24 565.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.66 565.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.43 565.50 Td (ts fr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 166.33 565.50 Td (om time t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 205.97 565.50 Td (o time in long and short positions in publicly tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.25 565.50 Td (aded r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 420.14 565.50 Td (eal es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.24 565.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 446.46 565.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.16 565.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.40 565.50 Td (e and r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.55 565.50 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 494.52 565.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 497.76 565.50 Td (ed ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 553.50 Td (securities, which ar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.02 553.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.61 553.50 Td (ec) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.73 553.50 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 178.36 553.50 Td (ded a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.80 553.50 Td (t mark) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 226.90 553.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 231.82 553.50 Td (t v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 241.80 553.50 Td (alue \() Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.41 553.50 Td (Not) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 279.38 553.50 Td (e 7) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 291.68 553.50 Td (\). As a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.16 553.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.77 553.50 Td (Mar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 338.45 553.50 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.35 553.50 Td (, a r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 400.52 553.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.29 553.50 Td (trict) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 425.89 553.50 Td (ed c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.53 553.50 Td (ash balance of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 541.50 Td ($11.7 million) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 124.75 541.50 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.05 541.50 Td (Not) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.02 541.50 Td (e 9) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.32 541.50 Td (\) w) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.65 541.50 Td (as main) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.85 541.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 204.08 541.50 Td (ained on acc) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 254.86 541.50 Td (oun) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 270.54 541.50 Td (t with the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 346.01 541.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 350.84 541.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.72 541.50 Td (s security br) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 401.76 541.50 Td (ok) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 411.26 541.50 Td (er as c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 437.09 541.50 Td (olla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.65 541.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 454.89 541.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 463.15 541.50 Td (al f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.33 541.50 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 529.50 Td (Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.71 529.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 110.54 529.50 Td () Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 112.42 529.50 Td (s in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.97 529.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 130.39 529.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 139.17 529.50 Td (tmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 160.64 529.50 Td (t in short positions. ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 511.50 Td (\(c\) ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 511.50 Td (The mortg) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 113.98 511.50 Td (ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 123.40 511.50 Td (e pa) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.49 511.50 Td (y) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 144.87 511.50 Td (able r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.80 511.50 Td (ela) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 179.76 511.50 Td (ting t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 200.88 511.50 Td (o r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 211.77 511.50 Td (esiden) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.34 511.50 Td (tial de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 263.51 511.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 267.93 511.50 Td (elopmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 303.86 511.50 Td (t in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 316.85 511.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 321.27 511.50 Td (en) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 331.40 511.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 334.66 511.50 Td (or) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 343.46 511.50 Td (y bear) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 368.59 511.50 Td (s in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 382.21 511.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.46 511.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 393.79 511.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 402.56 511.50 Td (t a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 412.87 511.50 Td (t an e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.67 511.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 438.63 511.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 441.43 511.50 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 460.70 511.50 Td (e r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 471.21 511.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 475.91 511.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 479.15 511.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 496.98 511.50 Td (1%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 509.19 511.50 Td ( per ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 499.50 Td (annum. During the quart) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 174.86 499.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 182.46 499.50 Td (, $5.2 million of this loan had been r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 328.33 499.50 Td (epaid.) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 481.50 Td (\(d\) ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 481.50 Td (In c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 86.18 481.50 Td (onnection with the acquisition of a pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 238.42 481.50 Td (operty) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 264.57 481.50 Td (, the Compan) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 318.88 481.50 Td (y assumed a thir) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 385.31 481.50 Td (d-party loan tha) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 450.46 481.50 Td (t had pr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 482.24 481.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 487.17 481.50 Td (viously been ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 469.50 Td (de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.14 469.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 84.94 469.50 Td (eased. The de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 141.14 469.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 143.94 469.50 Td (easance c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 183.27 469.50 Td (olla) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 197.83 469.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.08 469.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 209.33 469.50 Td (al is a bond issued b) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 290.56 469.50 Td (y an ag) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 319.07 469.50 Td (ency of the Canadian f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.56 469.50 Td (eder) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 428.04 469.50 Td (al g) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 442.03 469.50 Td (o) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 447.26 469.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 451.68 469.50 Td (ernmen) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 483.52 469.50 Td (t. The ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 457.50 Td (e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 76.89 457.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 79.84 457.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 82.64 457.50 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 101.91 457.50 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 116.60 457.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 119.85 457.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 128.18 457.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 136.95 457.50 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 145.84 457.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 150.54 457.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 153.78 457.50 Td (e of the loan is ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 215.78 457.50 Td (1.25%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 240.66 457.50 Td ( per annum \(c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 296.88 457.50 Td (on) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 307.31 457.50 Td (tr) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 313.94 457.50 Td (actual r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 344.19 457.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 348.89 457.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 352.13 457.50 Td (e of ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.95 457.50 Td (5.96%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 394.83 457.50 Td ( per annum\) and ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 477.15 457.50 Td (tur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 489.10 457.50 Td (es in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 445.50 Td (No) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 83.68 445.50 Td (v) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 88.10 445.50 Td (ember 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 137.32 445.50 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 142.61 445.50 Td (Not) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 157.58 445.50 Td (e 9) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 169.89 445.50 Td (\(b\)\).) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 427.50 Td (\(e\) ) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 72.00 427.50 Td (The de) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 99.50 427.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 102.31 427.50 Td (err) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 114.12 427.50 Td (ed pur) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 140.46 427.50 Td (chase price is e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 201.67 427.50 Td (xpect) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 223.70 427.50 Td (ed t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 239.45 427.50 Td (o be se) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 268.30 427.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 271.51 427.50 Td (tled in ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 299.46 427.50 Td (Ma) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 312.61 427.50 Td (y 2014) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 339.67 427.50 Td (. The e) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 366.71 427.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 369.66 427.50 Td (f) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 372.46 427.50 Td (ectiv) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 391.73 427.50 Td (e in) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 406.42 427.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 409.67 427.50 Td (er) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 418.00 427.50 Td (es) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 426.77 427.50 Td (t r) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 435.66 427.50 Td (a) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 440.36 427.50 Td (t) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 443.60 427.50 Td (e is ) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 459.30 427.50 Td (6.20%) Tj ET Q BT /F3 10.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 484.18 427.50 Td ( per annum.) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 401.70 Td (16) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.19 401.70 Td (. SHAREHOLDER) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 161.36 401.70 Td (S) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 167.84 401.70 Td ( E) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 181.20 401.70 Td (QUITY) Tj ET Q BT /F2 12.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 381.30 Td (\(a\) Shar) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 92.28 381.30 Td (e c) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 105.98 381.30 Td (apit) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.34 381.30 Td (al) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 366.30 Td (The authoriz) Tj ET Q q 0 0 0 rg BT 104.79 366.30 Td (ed shar) Tj ET Q q 0 0 0 rg BT 134.59 366.30 Td (e c) Tj ET Q q 0 0 0 rg BT 145.97 366.30 Td (apit) Tj ET Q q 0 0 0 rg BT 161.54 366.30 Td (al of the Compan) Tj ET Q q 0 0 0 rg BT 231.02 366.30 Td (y c) Tj ET Q q 0 0 0 rg BT 241.95 366.30 Td (onsis) Tj ET Q q 0 0 0 rg BT 262.48 366.30 Td (ts of an unlimit) Tj ET Q q 0 0 0 rg BT 323.52 366.30 Td (ed number of authoriz) Tj ET Q q 0 0 0 rg BT 414.49 366.30 Td (ed pr) Tj ET Q q 0 0 0 rg BT 435.59 366.30 Td (e) Tj ET Q q 0 0 0 rg BT 440.48 366.30 Td (f) Tj ET Q q 0 0 0 rg BT 443.28 366.30 Td (er) Tj ET Q q 0 0 0 rg BT 451.61 366.30 Td (ence shar) Tj ET Q q 0 0 0 rg BT 490.62 366.30 Td (es and c) Tj ET Q q 0 0 0 rg BT 523.47 366.30 Td (ommon ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 354.30 Td (shar) Tj ET Q q 0 0 0 rg BT 71.31 354.30 Td (es. The pr) Tj ET Q q 0 0 0 rg BT 110.95 354.30 Td (e) Tj ET Q q 0 0 0 rg BT 115.84 354.30 Td (f) Tj ET Q q 0 0 0 rg BT 118.64 354.30 Td (er) Tj ET Q q 0 0 0 rg BT 126.97 354.30 Td (ence shar) Tj ET Q q 0 0 0 rg BT 165.98 354.30 Td (es ma) Tj ET Q q 0 0 0 rg BT 189.72 354.30 Td (y be issued fr) Tj ET Q q 0 0 0 rg BT 243.23 354.30 Td (om time t) Tj ET Q q 0 0 0 rg BT 282.88 354.30 Td (o time in one or mor) Tj ET Q q 0 0 0 rg BT 366.49 354.30 Td (e series, each series c) Tj ET Q q 0 0 0 rg BT 453.51 354.30 Td (omprising the number of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 342.30 Td (shar) Tj ET Q q 0 0 0 rg BT 71.31 342.30 Td (es, designa) Tj ET Q q 0 0 0 rg BT 116.05 342.30 Td (tions, righ) Tj ET Q q 0 0 0 rg BT 156.53 342.30 Td (ts, privileg) Tj ET Q q 0 0 0 rg BT 198.29 342.30 Td (es, r) Tj ET Q q 0 0 0 rg BT 215.29 342.30 Td (es) Tj ET Q q 0 0 0 rg BT 224.06 342.30 Td (trictions and c) Tj ET Q q 0 0 0 rg BT 281.47 342.30 Td (onditions which the Boar) Tj ET Q q 0 0 0 rg BT 383.02 342.30 Td (d of Dir) Tj ET Q q 0 0 0 rg BT 412.93 342.30 Td (ect) Tj ET Q q 0 0 0 rg BT 425.38 342.30 Td (or) Tj ET Q q 0 0 0 rg BT 433.97 342.30 Td (s de) Tj ET Q q 0 0 0 rg BT 450.32 342.30 Td (t) Tj ET Q q 0 0 0 rg BT 453.56 342.30 Td (ermines b) Tj ET Q q 0 0 0 rg BT 493.91 342.30 Td (y r) Tj ET Q q 0 0 0 rg BT 504.05 342.30 Td (esolution; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 330.30 Td (pr) Tj ET Q q 0 0 0 rg BT 62.61 330.30 Td (e) Tj ET Q q 0 0 0 rg BT 67.50 330.30 Td (f) Tj ET Q q 0 0 0 rg BT 70.30 330.30 Td (er) Tj ET Q q 0 0 0 rg BT 78.63 330.30 Td (ence shar) Tj ET Q q 0 0 0 rg BT 117.63 330.30 Td (es ar) Tj ET Q q 0 0 0 rg BT 136.92 330.30 Td (e non-) Tj ET Q q 0 0 0 rg BT 162.92 330.30 Td (v) Tj ET Q q 0 0 0 rg BT 167.34 330.30 Td (oting and r) Tj ET Q q 0 0 0 rg BT 211.32 330.30 Td (ank in priority t) Tj ET Q q 0 0 0 rg BT 273.46 330.30 Td (o the c) Tj ET Q q 0 0 0 rg BT 300.98 330.30 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 352.33 330.30 Td (es with r) Tj ET Q q 0 0 0 rg BT 387.13 330.30 Td (espect t) Tj ET Q q 0 0 0 rg BT 419.34 330.30 Td (o dividends and dis) Tj ET Q q 0 0 0 rg BT 497.05 330.30 Td (tributions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 318.30 Td (upon dissolution. No pr) Tj ET Q q 0 0 0 rg BT 149.04 318.30 Td (e) Tj ET Q q 0 0 0 rg BT 153.93 318.30 Td (f) Tj ET Q q 0 0 0 rg BT 156.73 318.30 Td (er) Tj ET Q q 0 0 0 rg BT 165.06 318.30 Td (ence shar) Tj ET Q q 0 0 0 rg BT 204.07 318.30 Td (es ha) Tj ET Q q 0 0 0 rg BT 225.09 318.30 Td (v) Tj ET Q q 0 0 0 rg BT 229.51 318.30 Td (e been issued. The c) Tj ET Q q 0 0 0 rg BT 311.36 318.30 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 362.71 318.30 Td (es c) Tj ET Q q 0 0 0 rg BT 378.00 318.30 Td (arr) Tj ET Q q 0 0 0 rg BT 389.82 318.30 Td (y one v) Tj ET Q q 0 0 0 rg BT 418.79 318.30 Td (ot) Tj ET Q q 0 0 0 rg BT 427.31 318.30 Td (e each and participa) Tj ET Q q 0 0 0 rg BT 509.26 318.30 Td (t) Tj ET Q q 0 0 0 rg BT 512.50 318.30 Td (e equally ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 306.30 Td (in the inc) Tj ET Q q 0 0 0 rg BT 91.34 306.30 Td (ome of the Compan) Tj ET Q q 0 0 0 rg BT 171.97 306.30 Td (y and the ne) Tj ET Q q 0 0 0 rg BT 222.33 306.30 Td (t asse) Tj ET Q q 0 0 0 rg BT 245.48 306.30 Td (ts of the Compan) Tj ET Q q 0 0 0 rg BT 315.13 306.30 Td (y upon dissolution. Dividends ar) Tj ET Q q 0 0 0 rg BT 444.68 306.30 Td (e pa) Tj ET Q q 0 0 0 rg BT 461.77 306.30 Td (y) Tj ET Q q 0 0 0 rg BT 466.15 306.30 Td (able on the c) Tj ET Q q 0 0 0 rg BT 518.50 306.30 Td (ommon ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 294.30 Td (shar) Tj ET Q q 0 0 0 rg BT 71.31 294.30 Td (es as and when declar) Tj ET Q q 0 0 0 rg BT 160.77 294.30 Td (ed b) Tj ET Q q 0 0 0 rg BT 178.46 294.30 Td (y the Boar) Tj ET Q q 0 0 0 rg BT 219.94 294.30 Td (d of Dir) Tj ET Q q 0 0 0 rg BT 249.84 294.30 Td (ect) Tj ET Q q 0 0 0 rg BT 262.30 294.30 Td (or) Tj ET Q q 0 0 0 rg BT 270.89 294.30 Td (s.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 270.90 Td (The f) Tj ET Q q 0 0 0 rg BT 74.21 270.90 Td (ollo) Tj ET Q q 0 0 0 rg BT 89.30 270.90 Td (wing t) Tj ET Q q 0 0 0 rg BT 114.20 270.90 Td (able se) Tj ET Q q 0 0 0 rg BT 142.60 270.90 Td (ts f) Tj ET Q q 0 0 0 rg BT 154.97 270.90 Td (orth the particular) Tj ET Q q 0 0 0 rg BT 229.49 270.90 Td (s of the issued and outs) Tj ET Q q 0 0 0 rg BT 325.18 270.90 Td (t) Tj ET Q q 0 0 0 rg BT 328.41 270.90 Td (anding c) Tj ET Q q 0 0 0 rg BT 362.37 270.90 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 413.72 270.90 Td (es of the Compan) Tj ET Q q 0 0 0 rg BT 485.00 270.90 Td (y:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 260.4 m 266.5 260.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 260.4 m 293.5 260.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 260.4 m 361.5 260.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 293.5 246.39999999999998 m 361.5 246.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 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246.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 224.39999999999998 m 429.5 224.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 246.39999999999998 m 493.5 246.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 224.39999999999998 m 493.5 224.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 246.39999999999998 m 558.5 246.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 224.39999999999998 m 558.5 224.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 172.39999999999998 m 558.5 172.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 172.39999999999998 m 266.5 172.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 157.39999999999998 m 266.5 157.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266.5 172.39999999999998 m 293.5 172.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 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631.10 Td (es) Tj ET Q q 0 0 0 rg BT 460.87 631.10 Td (trict) Tj ET Q q 0 0 0 rg BT 470.83 631.10 Td (ed) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 467.80 625.10 Td (and) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 455.45 619.10 Td (De) Tj ET Q q 0 0 0 rg BT 462.07 619.10 Td (f) Tj ET Q q 0 0 0 rg BT 463.76 619.10 Td (err) Tj ET Q q 0 0 0 rg BT 470.85 619.10 Td (ed) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 463.20 613.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 474.00 613.10 Td (e) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 464.25 607.10 Td (Units) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 492.60 607.10 Td (Warrants) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 541.25 607.10 Td (Total) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 259.70 592.35 Td (\(Note 13\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 412.10 592.35 Td (\(Note 13\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 578.85 Td (Balance at beginning of period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 217.00 578.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.00 578.85 Td (19,278) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 255.00 578.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 266.55 578.85 Td (8,058) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.00 578.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 300.00 578.85 Td (17,264) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.00 578.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.00 578.85 Td (44,600) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.00 578.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.15 578.85 Td (19,401) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.00 578.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.75 578.85 Td (7,702) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.00 578.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.15 578.85 Td (15,636) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.00 578.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.75 578.85 Td (1,677) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.00 578.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.15 578.85 Td (44,416) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 565.85 Td (Issuance of convertible debentures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 241.00 565.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.00 565.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.00 565.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.00 565.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.10 565.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.55 565.85 Td (403) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.10 565.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.10 565.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.55 565.85 Td (403) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 552.85 Td (Purchase of convertible debentures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 241.00 552.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.00 552.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.00 552.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.00 552.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.35 552.85 Td (\(31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.25 552.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.35 552.85 Td (\(12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.25 552.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.10 552.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.10 552.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.35 552.85 Td (\(43) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.25 552.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 539.85 Td (Options vested) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 241.00 539.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.00 539.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.45 539.85 Td (230) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.45 539.85 Td (230) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.10 539.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.10 539.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.55 539.85 Td (258) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.10 539.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.55 539.85 Td (258) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 526.85 Td (Exercise of options) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 241.00 526.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.00 526.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.65 526.85 Td (\(183) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.15 526.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.65 526.85 Td (\(183) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.15 526.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.10 526.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.10 526.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.35 526.85 Td (\(47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.25 526.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.10 526.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.35 526.85 Td (\(47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.25 526.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 513.85 Td (Deferred share units vested) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 241.00 513.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.00 513.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.45 513.85 Td (261) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.45 513.85 Td (261) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.10 513.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.10 513.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.55 513.85 Td (227) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.10 513.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.55 513.85 Td (227) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 500.85 Td (Restricted share units vested) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 241.00 500.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.00 500.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.45 500.85 Td (436) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.45 500.85 Td (436) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.10 500.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.10 500.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.55 500.85 Td (417) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.10 500.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.55 500.85 Td (417) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 486.85 Td (Balance at end of period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 217.00 486.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.00 486.85 Td (19,278) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 255.00 486.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 266.55 486.85 Td (8,058) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.00 486.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 300.00 486.85 Td (18,008) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.00 486.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.00 486.85 Td (45,344) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.00 486.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.15 486.85 Td (19,370) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.00 486.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.75 486.85 Td (8,093) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.00 486.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.15 486.85 Td (16,491) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.00 486.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.75 486.85 Td (1,677) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.00 486.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.15 486.85 Td (45,631) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 452.75 Td (\(c\) St) Tj ET Q q 0 0 0 rg BT 78.93 452.75 Td (ock op) Tj ET Q q 0 0 0 rg BT 111.71 452.75 Td (tions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 437.75 Td (As of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.54 437.75 Td (Mar) Tj ET Q q 0 0 0 rg BT 93.22 437.75 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 140.13 437.75 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 194.43 437.75 Td (y is authoriz) Tj ET Q q 0 0 0 rg BT 243.12 437.75 Td (ed t) Tj ET Q q 0 0 0 rg BT 258.86 437.75 Td (o gr) Tj ET Q q 0 0 0 rg BT 274.38 437.75 Td (an) Tj ET Q q 0 0 0 rg BT 284.33 437.75 Td (t up t) Tj ET Q q 0 0 0 rg BT 305.96 437.75 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.50 437.75 Td (15.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.18 437.75 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.48 437.75 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.94 437.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.44 437.75 Td (15.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 503.13 437.75 Td (\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 425.75 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 425.75 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 109.49 425.75 Td (e op) Tj ET Q q 0 0 0 rg BT 127.21 425.75 Td (tions t) Tj ET Q q 0 0 0 rg BT 152.81 425.75 Td (o the emplo) Tj ET Q q 0 0 0 rg BT 201.92 425.75 Td (y) Tj ET Q q 0 0 0 rg BT 206.32 425.75 Td (ees, of) Tj ET Q q 0 0 0 rg BT 233.17 425.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 251.03 425.75 Td (s and dir) Tj ET Q q 0 0 0 rg BT 285.67 425.75 Td (ect) Tj ET Q q 0 0 0 rg BT 298.12 425.75 Td (or) Tj ET Q q 0 0 0 rg BT 306.71 425.75 Td (s of the Compan) Tj ET Q q 0 0 0 rg BT 373.01 425.75 Td (y) Tj ET Q q 0 0 0 rg BT 376.88 425.75 Td (. As of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.21 425.75 Td (Mar) Tj ET Q q 0 0 0 rg BT 420.89 425.75 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.80 425.75 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.55 425.75 Td (3.4 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 515.17 425.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 413.75 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 57.03 413.75 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 136.50 413.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.00 413.75 Td (3.8 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 188.61 413.75 Td (\) c) Tj ET Q q 0 0 0 rg BT 198.05 413.75 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 249.40 413.75 Td (e op) Tj ET Q q 0 0 0 rg BT 267.12 413.75 Td (tions ar) Tj ET Q q 0 0 0 rg BT 297.61 413.75 Td (e a) Tj ET Q q 0 0 0 rg BT 309.47 413.75 Td (v) Tj ET Q q 0 0 0 rg BT 313.84 413.75 Td (ailable t) Tj ET Q q 0 0 0 rg BT 346.05 413.75 Td (o be gr) Tj ET Q q 0 0 0 rg BT 374.06 413.75 Td (an) Tj ET Q q 0 0 0 rg BT 384.01 413.75 Td (t) Tj ET Q q 0 0 0 rg BT 387.25 413.75 Td (ed. Op) Tj ET Q q 0 0 0 rg BT 414.10 413.75 Td (tions gr) Tj ET Q q 0 0 0 rg BT 444.43 413.75 Td (an) Tj ET Q q 0 0 0 rg BT 454.38 413.75 Td (t) Tj ET Q q 0 0 0 rg BT 457.62 413.75 Td (ed b) Tj ET Q q 0 0 0 rg BT 475.32 413.75 Td (y the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 401.75 Td (Compan) Tj ET Q q 0 0 0 rg BT 87.71 401.75 Td (y g) Tj ET Q q 0 0 0 rg BT 99.12 401.75 Td (ener) Tj ET Q q 0 0 0 rg BT 117.60 401.75 Td (ally e) Tj ET Q q 0 0 0 rg BT 138.59 401.75 Td (xpir) Tj ET Q q 0 0 0 rg BT 153.83 401.75 Td (e 10 y) Tj ET Q q 0 0 0 rg BT 177.87 401.75 Td (ear) Tj ET Q q 0 0 0 rg BT 190.95 401.75 Td (s fr) Tj ET Q q 0 0 0 rg BT 203.50 401.75 Td (om the da) Tj ET Q q 0 0 0 rg BT 244.81 401.75 Td (t) Tj ET Q q 0 0 0 rg BT 248.05 401.75 Td (e of gr) Tj ET Q q 0 0 0 rg BT 273.86 401.75 Td (an) Tj ET Q q 0 0 0 rg BT 283.81 401.75 Td (t and v) Tj ET Q q 0 0 0 rg BT 311.40 401.75 Td (es) Tj ET Q q 0 0 0 rg BT 320.18 401.75 Td (t o) Tj ET Q q 0 0 0 rg BT 331.02 401.75 Td (v) Tj ET Q q 0 0 0 rg BT 335.44 401.75 Td (er fiv) Tj ET Q q 0 0 0 rg BT 355.92 401.75 Td (e y) Tj ET Q q 0 0 0 rg BT 367.56 401.75 Td (ear) Tj ET Q q 0 0 0 rg BT 380.65 401.75 Td (s. The outs) Tj ET Q q 0 0 0 rg BT 424.38 401.75 Td (t) Tj ET Q q 0 0 0 rg BT 427.61 401.75 Td (anding op) Tj ET Q q 0 0 0 rg BT 467.91 401.75 Td (tions as a) Tj ET Q q 0 0 0 rg BT 505.91 401.75 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 389.75 Td (Mar) Tj ET Q q 0 0 0 rg BT 70.68 389.75 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 117.59 389.75 Td ( ha) Tj ET Q q 0 0 0 rg BT 129.73 389.75 Td (v) Tj ET Q q 0 0 0 rg BT 134.15 389.75 Td (e e) Tj ET Q q 0 0 0 rg BT 146.21 389.75 Td (x) Tj ET Q q 0 0 0 rg BT 150.27 389.75 Td (er) Tj ET Q q 0 0 0 rg BT 158.59 389.75 Td (cise prices r) Tj ET Q q 0 0 0 rg BT 205.95 389.75 Td (anging fr) Tj ET Q q 0 0 0 rg BT 241.60 389.75 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 257.12 389.75 Td ($9.81 $18.97) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.29 389.75 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 322.58 389.75 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.04 389.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 411.54 389.75 Td ($9.81 $18.97) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.71 389.75 Td (\) and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 377.75 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 377.75 Td (omprise the f) Tj ET Q q 0 0 0 rg BT 112.27 377.75 Td (ollo) Tj ET Q q 0 0 0 rg BT 127.37 377.75 Td (wing:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 367.25 m 126.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 126.5 367.25 m 172.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 367.25 m 211.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 367.25 m 252.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 367.25 m 299.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 367.25 m 334.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 367.25 m 383.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 367.25 m 429.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 367.25 m 474.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 367.25 m 520.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 367.25 m 558.5 367.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 352.25 m 126.5 352.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 337.25 m 126.5 337.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 352.25 m 172.5 352.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 337.25 m 172.5 337.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 172.5 352.25 m 211.5 352.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 172.5 337.25 m 211.5 337.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 211.5 352.25 m 252.5 352.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 211.5 337.25 m 252.5 337.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 352.25 m 299.5 352.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 337.25 m 299.5 337.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 299.5 352.25 m 334.5 352.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 299.5 337.25 m 334.5 337.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 334.5 352.25 m 383.5 352.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 334.5 337.25 m 383.5 337.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 352.25 m 429.5 352.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 337.25 m 429.5 337.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 352.25 m 474.5 352.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 337.25 m 474.5 337.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474.5 352.25 m 520.5 352.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474.5 337.25 m 520.5 337.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 352.25 m 558.5 352.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 337.25 m 558.5 337.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 295.25 m 126.5 295.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 337.25 m 172.5 337.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 295.25 m 172.5 295.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 172.5 295.25 m 211.5 295.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 211.5 295.25 m 252.5 295.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 295.25 m 299.5 295.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 299.5 295.25 m 334.5 295.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 334.5 295.25 m 383.5 295.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 295.25 m 429.5 295.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 295.25 m 474.5 295.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474.5 295.25 m 520.5 295.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 295.25 m 558.5 295.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 243.25 m 126.5 243.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 243.25 m 126.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 228.25 m 126.5 228.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 126.5 243.25 m 172.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 126.5 228.25 m 172.5 228.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 172.5 243.25 m 211.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 228.25 m 211.5 228.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 211.5 243.25 m 252.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 228.25 m 252.5 228.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 243.25 m 299.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 228.25 m 299.5 228.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 299.5 243.25 m 334.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 228.25 m 334.5 228.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 334.5 243.25 m 383.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 228.25 m 383.5 228.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383.5 243.25 m 429.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 228.25 m 429.5 228.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 243.25 m 474.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 228.25 m 474.5 228.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474.5 243.25 m 520.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 228.25 m 520.5 228.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 520.5 243.25 m 558.5 243.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 228.25 m 558.5 228.25 l s BT /F4 7.00 Tf ET q 0 0 0 rg BT 57.00 356.50 Td (\(unaudited\) \(In Canadian dollars, except other data\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 286.05 356.50 Td (March 31, 2014) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 510.45 356.50 Td (March 31, 2013) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 188.70 341.50 Td (Outstanding Options) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 286.85 341.50 Td (Vested Options) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 412.20 341.50 Td (Outstanding Options) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 510.25 341.50 Td ( Vested Options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 307.75 Td (Ex) Tj ET Q q 0 0 0 rg BT 64.39 307.75 Td (er) Tj ET Q q 0 0 0 rg BT 71.14 307.75 Td (cise Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 299.75 Td (Rang) Tj ET Q q 0 0 0 rg BT 73.45 299.75 Td (e) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 142.05 323.25 Td (Number of) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 146.35 317.25 Td (Common ) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 152.50 311.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 163.58 311.25 Td (es) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 148.70 305.25 Td (Issuable) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 133.25 299.25 Td (\(in thousands\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 184.00 329.25 Td (W) Tj ET Q q 0 0 0 rg BT 189.22 329.25 Td (eigh) Tj ET Q q 0 0 0 rg BT 199.73 329.25 Td (t) Tj ET Q q 0 0 0 rg BT 201.73 329.25 Td (ed) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 187.90 323.25 Td (A) Tj ET Q q 0 0 0 rg BT 191.39 323.25 Td (v) Tj ET Q q 0 0 0 rg BT 194.17 323.25 Td (er) Tj ET Q q 0 0 0 rg BT 199.19 323.25 Td (ag) Tj ET Q q 0 0 0 rg BT 204.94 323.25 Td (e) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 187.95 317.25 Td (Ex) Tj ET Q q 0 0 0 rg BT 193.49 317.25 Td (er) Tj ET Q q 0 0 0 rg BT 198.56 317.25 Td (cise) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 185.90 311.25 Td (Price per) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 185.35 305.25 Td (Common) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 193.85 299.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 204.93 299.25 Td (e) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 225.00 323.25 Td (W) Tj ET Q q 0 0 0 rg BT 230.22 323.25 Td (eigh) Tj ET Q q 0 0 0 rg BT 240.73 323.25 Td (t) Tj ET Q q 0 0 0 rg BT 242.73 323.25 Td (ed) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 228.90 317.25 Td (A) Tj ET Q q 0 0 0 rg BT 232.39 317.25 Td (v) Tj ET Q q 0 0 0 rg BT 235.17 317.25 Td (er) Tj ET Q q 0 0 0 rg BT 240.19 317.25 Td (ag) Tj ET Q q 0 0 0 rg BT 245.94 317.25 Td (e) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 222.60 311.25 Td (R) Tj ET Q q 0 0 0 rg BT 225.89 311.25 Td (emaining) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 240.15 305.25 Td (Lif) Tj ET Q q 0 0 0 rg BT 245.95 305.25 Td (e) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 232.05 299.25 Td (\(y) Tj ET Q q 0 0 0 rg BT 236.69 299.25 Td (ear) Tj ET Q q 0 0 0 rg BT 244.74 299.25 Td (s\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 269.05 317.25 Td (Number of) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 255.50 311.25 Td (Common Shar) Tj ET Q q 0 0 0 rg BT 290.55 311.25 Td (es) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 275.70 305.25 Td (Issuable) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 260.25 299.25 Td (\(in thousands\)) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 307.00 329.25 Td (W) Tj ET Q q 0 0 0 rg BT 312.22 329.25 Td (eigh) Tj ET Q q 0 0 0 rg BT 322.73 329.25 Td (t) Tj ET Q q 0 0 0 rg BT 324.73 329.25 Td (ed) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 310.90 323.25 Td (A) Tj ET Q q 0 0 0 rg BT 314.39 323.25 Td (v) Tj ET Q q 0 0 0 rg BT 317.17 323.25 Td (er) Tj ET Q q 0 0 0 rg BT 322.19 323.25 Td (ag) Tj ET Q q 0 0 0 rg BT 327.94 323.25 Td (e) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 310.95 317.25 Td (Ex) Tj ET Q q 0 0 0 rg BT 316.49 317.25 Td (er) Tj ET Q q 0 0 0 rg BT 321.56 317.25 Td (cise) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 308.90 311.25 Td (Price per) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 308.35 305.25 Td (Common) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 316.85 299.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 327.93 299.25 Td (e) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 353.60 323.25 Td (Number of) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 357.70 317.25 Td (Common) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 363.85 311.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 374.65 311.25 Td (es) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 360.25 305.25 Td (Issuable) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 345.10 299.25 Td (\(in thousands\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 402.50 329.25 Td (W) Tj ET Q q 0 0 0 rg BT 407.62 329.25 Td (eigh) Tj ET Q q 0 0 0 rg BT 417.90 329.25 Td (t) Tj ET Q q 0 0 0 rg BT 419.85 329.25 Td (ed) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 406.40 323.25 Td (A) Tj ET Q q 0 0 0 rg BT 409.76 323.25 Td (v) Tj ET Q q 0 0 0 rg BT 412.41 323.25 Td (er) Tj ET Q q 0 0 0 rg BT 417.37 323.25 Td (ag) Tj ET Q q 0 0 0 rg BT 423.01 323.25 Td (e) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 406.35 317.25 Td (Ex) Tj ET Q q 0 0 0 rg BT 411.72 317.25 Td (er) Tj ET Q q 0 0 0 rg BT 416.71 317.25 Td (cise) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 404.30 311.25 Td (Price per) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 403.70 305.25 Td (Common) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 412.20 299.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 423.00 299.25 Td (e) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 447.50 323.25 Td (W) Tj ET Q q 0 0 0 rg BT 452.62 323.25 Td (eigh) Tj ET Q q 0 0 0 rg BT 462.90 323.25 Td (t) Tj ET Q q 0 0 0 rg BT 464.85 323.25 Td (ed) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 451.40 317.25 Td (A) Tj ET Q q 0 0 0 rg BT 454.76 317.25 Td (v) Tj ET Q q 0 0 0 rg BT 457.41 317.25 Td (er) Tj ET Q q 0 0 0 rg BT 462.37 317.25 Td (ag) Tj ET Q q 0 0 0 rg BT 468.01 317.25 Td (e) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 445.30 311.25 Td (R) Tj ET Q q 0 0 0 rg BT 448.45 311.25 Td (emaining) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 462.40 305.25 Td (Lif) Tj ET Q q 0 0 0 rg BT 467.98 305.25 Td (e) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 454.50 299.25 Td (\(y) Tj ET Q q 0 0 0 rg BT 458.96 299.25 Td (ear) Tj ET Q q 0 0 0 rg BT 466.81 299.25 Td (s\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 490.60 323.25 Td (Number of) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 494.70 317.25 Td (Common) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 500.85 311.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 511.65 311.25 Td (es) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 497.25 305.25 Td (Issuable) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 482.10 299.25 Td (\(in thousands\)) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 531.50 329.25 Td (W) Tj ET Q q 0 0 0 rg BT 536.62 329.25 Td (eigh) Tj ET Q q 0 0 0 rg BT 546.90 329.25 Td (t) Tj ET Q q 0 0 0 rg BT 548.85 329.25 Td (ed) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 535.40 323.25 Td (A) Tj ET Q q 0 0 0 rg BT 538.76 323.25 Td (v) Tj ET Q q 0 0 0 rg BT 541.41 323.25 Td (er) Tj ET Q q 0 0 0 rg BT 546.37 323.25 Td (ag) Tj ET Q q 0 0 0 rg BT 552.01 323.25 Td (e) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 535.35 317.25 Td (Ex) Tj ET Q q 0 0 0 rg BT 540.72 317.25 Td (er) Tj ET Q q 0 0 0 rg BT 545.71 317.25 Td (cise) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 533.30 311.25 Td (Price per) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 532.70 305.25 Td (Common) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 541.20 299.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 552.00 299.25 Td (e) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 286.00 Td ($ 9.81 $10.81) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 155.40 286.00 Td (128) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 175.00 286.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 192.00 286.00 Td (9.85) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.60 286.00 Td (4.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 282.45 286.00 Td (128) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 286.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.05 286.00 Td (9.85) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.55 286.00 Td (142) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.00 286.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.25 286.00 Td (9.85) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.85 286.00 Td (6.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.55 286.00 Td (142) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.00 286.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.25 286.00 Td (9.85) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 273.00 Td ($13.00 $14.26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.55 273.00 Td (1,010) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 175.00 273.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 187.50 273.00 Td (13.78) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.60 273.00 Td (4.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 275.55 273.00 Td (1,010) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 273.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.50 273.00 Td (13.78) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.75 273.00 Td (1,366) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.00 273.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.70 273.00 Td (13.74) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.85 273.00 Td (5.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.75 273.00 Td (1,358) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.00 273.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 273.00 Td (13.74) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 260.00 Td ($15.46 $17.41) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.55 260.00 Td (2,789) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 175.00 260.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 187.50 260.00 Td (16.38) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.60 260.00 Td (3.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 275.55 260.00 Td (2,455) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 260.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.50 260.00 Td (16.47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.75 260.00 Td (2,986) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.00 260.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.70 260.00 Td (16.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.85 260.00 Td (5.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.75 260.00 Td (2,430) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.00 260.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 260.00 Td (16.49) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 247.00 Td ($17.77 $18.97) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.55 247.00 Td (2,310) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 175.00 247.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 187.50 247.00 Td (18.33) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.60 247.00 Td (8.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 282.45 247.00 Td (482) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 247.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.50 247.00 Td (18.47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.75 247.00 Td (1,905) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.00 247.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.70 247.00 Td (18.48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.85 247.00 Td (9.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.10 247.00 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.00 247.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 247.00 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 233.00 Td ($ 9.81 $18.97) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 148.55 233.00 Td (6,237) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 175.00 233.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 187.50 233.00 Td (16.55) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.60 233.00 Td (5.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 275.55 233.00 Td (4,075) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 233.00 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.50 233.00 Td (15.83) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.75 233.00 Td (6,399) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.00 233.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.70 233.00 Td (16.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.85 233.00 Td (6.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.75 233.00 Td (3,930) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.00 233.00 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 233.00 Td (15.30) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 210.75 Td (During the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.25 210.75 Td (thr) Tj ET Q q 0 0 0 rg BT 111.21 210.75 Td (ee mon) Tj ET Q q 0 0 0 rg BT 141.84 210.75 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 201.27 210.75 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.18 210.75 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 252.94 210.75 Td ($0.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.62 210.75 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 305.91 210.75 Td (thr) Tj ET Q q 0 0 0 rg BT 317.87 210.75 Td (ee mon) Tj ET Q q 0 0 0 rg BT 348.51 210.75 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 407.94 210.75 Td (ch 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.84 210.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.35 210.75 Td ($0.3 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 512.03 210.75 Td (\) w) Tj ET Q q 0 0 0 rg BT 524.36 210.75 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 198.75 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 198.75 Td (ec) Tj ET Q q 0 0 0 rg BT 66.48 198.75 Td (or) Tj ET Q q 0 0 0 rg BT 75.10 198.75 Td (ded as an e) Tj ET Q q 0 0 0 rg BT 120.93 198.75 Td (xpense r) Tj ET Q q 0 0 0 rg BT 155.25 198.75 Td (ela) Tj ET Q q 0 0 0 rg BT 167.22 198.75 Td (t) Tj ET Q q 0 0 0 rg BT 170.46 198.75 Td (ed t) Tj ET Q q 0 0 0 rg BT 186.20 198.75 Td (o s) Tj ET Q q 0 0 0 rg BT 197.54 198.75 Td (t) Tj ET Q q 0 0 0 rg BT 200.79 198.75 Td (ock op) Tj ET Q q 0 0 0 rg BT 227.58 198.75 Td (tions.) Tj ET Q endstream endobj 177 0 obj <> endobj 178 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 736.70 Td (NO) Tj ET Q q 0 0 0 rg BT 66.82 736.70 Td (TE) Tj ET Q q 0 0 0 rg BT 75.58 736.70 Td (S T) Tj ET Q q 0 0 0 rg BT 86.08 736.70 Td (O THE INTERIM C) Tj ET Q q 0 0 0 rg BT 150.00 736.70 Td (ONSOLID) Tj ET Q q 0 0 0 rg BT 184.02 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 188.77 736.70 Td (TED FINANCIAL S) Tj ET Q q 0 0 0 rg BT 251.79 736.70 Td (T) Tj ET Q q 0 0 0 rg BT 255.54 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 260.29 736.70 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 291.73 736.70 Td (S c) Tj ET Q q 0 0 0 rg BT 308.26 736.70 Td (on) Tj ET Q q 0 0 0 rg BT 317.84 736.70 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (87) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 701.5 m 294.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 701.5 m 361.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 688.5 m 361.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 701.5 m 428.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 701.5 m 493.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.5 688.5 m 493.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 701.5 m 558.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 688.5 m 294.5 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 656.5 m 294.5 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 688.5 m 361.5 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 656.5 m 361.5 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 688.5 m 428.5 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 656.5 m 428.5 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.5 688.5 m 493.5 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.5 656.5 m 493.5 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 688.5 m 558.5 688.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 656.5 m 558.5 656.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 591.5 m 361.5 591.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 591.5 m 428.5 591.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.5 591.5 m 493.5 591.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 591.5 m 558.5 591.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 591.5 m 294.5 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 576.5 m 294.5 576.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 591.5 m 361.5 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 576.5 m 361.5 576.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 591.5 m 428.5 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 576.5 m 428.5 576.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.5 591.5 m 493.5 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 576.5 m 493.5 576.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 591.5 m 558.5 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 576.5 m 558.5 576.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 693.00 Td (\(unaudited\) \(In Canadian dollars, except other data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.95 693.00 Td (Three months ended March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.60 693.00 Td (Three months ended March 31, 2013) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 326.60 680.75 Td (Number of) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 310.75 673.75 Td (Common Shar) Tj ET Q q 0 0 0 rg BT 351.64 673.75 Td (es) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 334.30 666.75 Td (Issuable) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 316.30 659.75 Td (\(in thousands\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 372.00 667.75 Td (W) Tj ET Q q 0 0 0 rg BT 378.09 667.75 Td (eigh) Tj ET Q q 0 0 0 rg BT 390.35 667.75 Td (t) Tj ET Q q 0 0 0 rg BT 392.69 667.75 Td (ed A) Tj ET Q q 0 0 0 rg BT 405.62 667.75 Td (v) Tj ET Q q 0 0 0 rg BT 408.87 667.75 Td (er) Tj ET Q q 0 0 0 rg BT 414.73 667.75 Td (ag) Tj ET Q q 0 0 0 rg BT 421.43 667.75 Td (e) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 385.65 660.75 Td (Ex) Tj ET Q q 0 0 0 rg BT 392.11 660.75 Td (er) Tj ET Q q 0 0 0 rg BT 398.03 660.75 Td (cise Price) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 459.20 680.75 Td (Number of) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 443.60 673.75 Td (Common Shar) Tj ET Q q 0 0 0 rg BT 483.75 673.75 Td (es) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 466.95 666.75 Td (Issuable) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 449.30 659.75 Td (\(in thousands\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 503.15 667.75 Td (W) Tj ET Q q 0 0 0 rg BT 509.12 667.75 Td (eigh) Tj ET Q q 0 0 0 rg BT 521.12 667.75 Td (t) Tj ET Q q 0 0 0 rg BT 523.39 667.75 Td (ed A) Tj ET Q q 0 0 0 rg BT 536.05 667.75 Td (v) Tj ET Q q 0 0 0 rg BT 539.14 667.75 Td (er) Tj ET Q q 0 0 0 rg BT 544.92 667.75 Td (ag) Tj ET Q q 0 0 0 rg BT 551.51 667.75 Td (e) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 516.40 660.75 Td (Ex) Tj ET Q q 0 0 0 rg BT 522.67 660.75 Td (er) Tj ET Q q 0 0 0 rg BT 528.49 660.75 Td (cise Price) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 647.25 Td (Outstanding at beginning of period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.55 647.25 Td (5,968) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 647.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.50 647.25 Td (16.37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.75 647.25 Td (5,676) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.00 647.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 647.25 Td (15.65) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 634.25 Td (Granted \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.45 634.25 Td (494) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 634.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.50 634.25 Td (17.77) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.75 634.25 Td (1,036) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.00 634.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 634.25 Td (18.97) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 621.25 Td (Exercised \(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.65 621.25 Td (\(213) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.15 621.25 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 621.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.50 621.25 Td (14.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.80 621.25 Td (\(246) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.25 621.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.00 621.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 621.25 Td (12.81) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 608.25 Td (Forfeited) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.20 608.25 Td (\(12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.15 608.25 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 608.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.50 608.25 Td (18.33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.35 608.25 Td (\(41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.25 608.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.00 608.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 608.25 Td (16.55) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 595.25 Td (Expired) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 350.00 595.25 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 595.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.00 595.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.35 595.25 Td (\(26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.25 595.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.00 595.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 595.25 Td (17.02) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 581.25 Td (Outstanding at end of period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.55 581.25 Td (6,237) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.00 581.25 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.50 581.25 Td (16.55) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.75 581.25 Td (6,399) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.00 581.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.70 581.25 Td (16.29) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 559.00 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 72.00 559.00 Td (The f) Tj ET Q q 0 0 0 rg BT 92.22 559.00 Td (air v) Tj ET Q q 0 0 0 rg BT 109.42 559.00 Td (alue associa) Tj ET Q q 0 0 0 rg BT 158.10 559.00 Td (t) Tj ET Q q 0 0 0 rg BT 161.35 559.00 Td (ed with the op) Tj ET Q q 0 0 0 rg BT 220.47 559.00 Td (tions issued w) Tj ET Q q 0 0 0 rg BT 277.71 559.00 Td (as c) Tj ET Q q 0 0 0 rg BT 292.82 559.00 Td (alcula) Tj ET Q q 0 0 0 rg BT 316.38 559.00 Td (t) Tj ET Q q 0 0 0 rg BT 319.62 559.00 Td (ed using the Black) Tj ET Q q 0 0 0 rg BT 392.55 559.00 Td (-Scholes model f) Tj ET Q q 0 0 0 rg BT 459.29 559.00 Td (or op) Tj ET Q q 0 0 0 rg BT 480.80 559.00 Td (tion v) Tj ET Q q 0 0 0 rg BT 503.60 559.00 Td (alua) Tj ET Q q 0 0 0 rg BT 520.64 559.00 Td (tion ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 547.00 Td (based on the f) Tj ET Q q 0 0 0 rg BT 129.92 547.00 Td (ollo) Tj ET Q q 0 0 0 rg BT 145.01 547.00 Td (wing assump) Tj ET Q q 0 0 0 rg BT 197.74 547.00 Td (tions:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 536.5 m 416.5 536.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 536.5 m 487.5 536.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 536.5 m 558.5 536.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 521.5 m 416.5 521.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 506.5 m 416.5 506.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416.5 521.5 m 487.5 521.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416.5 506.5 m 487.5 506.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 521.5 m 558.5 521.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 506.5 m 558.5 506.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 398.5 m 416.5 398.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 398.5 m 487.5 398.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 398.5 m 558.5 398.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 526.00 Td (\(unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.65 526.00 Td (Three months ended March 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.75 511.00 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 511.00 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 497.25 Td (Share options granted \(thousands\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.85 497.25 Td (494) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.50 497.25 Td (1,036) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 484.25 Td (Term to expiry) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.55 484.25 Td (10 years) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.55 484.25 Td (10 years) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 471.25 Td (Exercise price) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.00 471.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.00 471.25 Td (17.77) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 471.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.00 471.25 Td (18.97) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 458.25 Td (Weighted average volatility rate) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 458.25 Td (15.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 458.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 458.25 Td (15.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 458.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 445.25 Td (Weighted average expected option life) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.10 445.25 Td (6 years) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.10 445.25 Td (6 years) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 432.25 Td (Weighted average dividend yield) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 432.25 Td (4.72) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 432.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 432.25 Td (4.32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 432.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 418.25 Td (Weighted average risk free interest rate) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.55 418.25 Td (1.87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.55 418.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.55 418.25 Td (1.39) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.55 418.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 403.25 Td (Fair value \(thousands\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.00 403.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.85 403.25 Td (548) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 403.25 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.05 403.25 Td (1,233) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 381.00 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 72.00 381.00 Td (The w) Tj ET Q q 0 0 0 rg BT 96.42 381.00 Td (eigh) Tj ET Q q 0 0 0 rg BT 113.56 381.00 Td (t) Tj ET Q q 0 0 0 rg BT 116.80 381.00 Td (ed a) Tj ET Q q 0 0 0 rg BT 133.92 381.00 Td (v) Tj ET Q q 0 0 0 rg BT 138.34 381.00 Td (er) Tj ET Q q 0 0 0 rg BT 146.59 381.00 Td (ag) Tj ET Q q 0 0 0 rg BT 156.01 381.00 Td (e mark) Tj ET Q q 0 0 0 rg BT 183.73 381.00 Td (e) Tj ET Q q 0 0 0 rg BT 188.66 381.00 Td (t shar) Tj ET Q q 0 0 0 rg BT 211.58 381.00 Td (e price a) Tj ET Q q 0 0 0 rg BT 246.01 381.00 Td (t which op) Tj ET Q q 0 0 0 rg BT 288.54 381.00 Td (tions w) Tj ET Q q 0 0 0 rg BT 317.95 381.00 Td (er) Tj ET Q q 0 0 0 rg BT 326.28 381.00 Td (e e) Tj ET Q q 0 0 0 rg BT 338.34 381.00 Td (x) Tj ET Q q 0 0 0 rg BT 342.41 381.00 Td (er) Tj ET Q q 0 0 0 rg BT 350.72 381.00 Td (cised f) Tj ET Q q 0 0 0 rg BT 376.49 381.00 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.35 381.00 Td (thr) Tj ET Q q 0 0 0 rg BT 415.31 381.00 Td (ee mon) Tj ET Q q 0 0 0 rg BT 445.94 381.00 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 505.37 381.00 Td (ch 31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 369.00 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 92.27 369.00 Td ( w) Tj ET Q q 0 0 0 rg BT 101.57 369.00 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.53 369.00 Td ($17.56) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 140.40 369.00 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 145.69 369.00 Td (thr) Tj ET Q q 0 0 0 rg BT 157.65 369.00 Td (ee mon) Tj ET Q q 0 0 0 rg BT 188.28 369.00 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 247.71 369.00 Td (ch 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 294.62 369.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 304.12 369.00 Td ($19.08) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 331.99 369.00 Td (\).) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 339.15 Td (\(d\) Shar) Tj ET Q q 0 0 0 rg BT 92.79 339.15 Td (e unit plans) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 324.15 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 324.15 Td (y) Tj ET Q q 0 0 0 rg BT 109.90 324.15 Td () Tj ET Q q 0 0 0 rg BT 111.78 324.15 Td (s shar) Tj ET Q q 0 0 0 rg BT 135.26 324.15 Td (e unit plans include a Dir) Tj ET Q q 0 0 0 rg BT 235.35 324.15 Td (ect) Tj ET Q q 0 0 0 rg BT 247.80 324.15 Td (or) Tj ET Q q 0 0 0 rg BT 256.39 324.15 Td (s' De) Tj ET Q q 0 0 0 rg BT 275.81 324.15 Td (f) Tj ET Q q 0 0 0 rg BT 278.61 324.15 Td (err) Tj ET Q q 0 0 0 rg BT 290.43 324.15 Td (ed Shar) Tj ET Q q 0 0 0 rg BT 320.91 324.15 Td (e Unit Plan, an Emplo) Tj ET Q q 0 0 0 rg BT 407.93 324.15 Td (y) Tj ET Q q 0 0 0 rg BT 412.33 324.15 Td (ee R) Tj ET Q q 0 0 0 rg BT 429.80 324.15 Td (es) Tj ET Q q 0 0 0 rg BT 438.58 324.15 Td (trict) Tj ET Q q 0 0 0 rg BT 455.18 324.15 Td (ed Shar) Tj ET Q q 0 0 0 rg BT 485.66 324.15 Td (e Unit Plan and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 312.15 Td (a Chie) Tj ET Q q 0 0 0 rg BT 78.82 312.15 Td (f Ex) Tj ET Q q 0 0 0 rg BT 93.08 312.15 Td (ecutiv) Tj ET Q q 0 0 0 rg BT 117.60 312.15 Td (e Of) Tj ET Q q 0 0 0 rg BT 134.42 312.15 Td (ficer R) Tj ET Q q 0 0 0 rg BT 159.97 312.15 Td (es) Tj ET Q q 0 0 0 rg BT 168.74 312.15 Td (trict) Tj ET Q q 0 0 0 rg BT 185.34 312.15 Td (ed Shar) Tj ET Q q 0 0 0 rg BT 215.83 312.15 Td (e Unit Plan. Under the plans, a participan) Tj ET Q q 0 0 0 rg BT 382.63 312.15 Td (t is en) Tj ET Q q 0 0 0 rg BT 406.84 312.15 Td (titled t) Tj ET Q q 0 0 0 rg BT 433.87 312.15 Td (o r) Tj ET Q q 0 0 0 rg BT 444.76 312.15 Td (eceiv) Tj ET Q q 0 0 0 rg BT 465.66 312.15 Td (e one c) Tj ET Q q 0 0 0 rg BT 494.80 312.15 Td (ommon ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 300.15 Td (shar) Tj ET Q q 0 0 0 rg BT 71.31 300.15 Td (e, or equiv) Tj ET Q q 0 0 0 rg BT 114.21 300.15 Td (alen) Tj ET Q q 0 0 0 rg BT 131.43 300.15 Td (t c) Tj ET Q q 0 0 0 rg BT 141.19 300.15 Td (ash v) Tj ET Q q 0 0 0 rg BT 161.77 300.15 Td (alue, a) Tj ET Q q 0 0 0 rg BT 188.54 300.15 Td (t the Compan) Tj ET Q q 0 0 0 rg BT 243.70 300.15 Td (y) Tj ET Q q 0 0 0 rg BT 248.53 300.15 Td () Tj ET Q q 0 0 0 rg BT 250.41 300.15 Td (s op) Tj ET Q q 0 0 0 rg BT 267.07 300.15 Td (tion, \(i\) in the c) Tj ET Q q 0 0 0 rg BT 328.41 300.15 Td (ase of a De) Tj ET Q q 0 0 0 rg BT 373.02 300.15 Td (f) Tj ET Q q 0 0 0 rg BT 375.83 300.15 Td (err) Tj ET Q q 0 0 0 rg BT 387.64 300.15 Td (ed Shar) Tj ET Q q 0 0 0 rg BT 418.13 300.15 Td (e Unit \(DSU\), upon ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 288.15 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 288.15 Td (edemp) Tj ET Q q 0 0 0 rg BT 85.76 288.15 Td (tion b) Tj ET Q q 0 0 0 rg BT 109.40 288.15 Td (y the holder a) Tj ET Q q 0 0 0 rg BT 165.55 288.15 Td (ft) Tj ET Q q 0 0 0 rg BT 171.85 288.15 Td (er the da) Tj ET Q q 0 0 0 rg BT 208.36 288.15 Td (t) Tj ET Q q 0 0 0 rg BT 211.60 288.15 Td (e tha) Tj ET Q q 0 0 0 rg BT 232.14 288.15 Td (t the holder ceases t) Tj ET Q q 0 0 0 rg BT 314.69 288.15 Td (o be a dir) Tj ET Q q 0 0 0 rg BT 352.67 288.15 Td (ect) Tj ET Q q 0 0 0 rg BT 365.13 288.15 Td (or of the Compan) Tj ET Q q 0 0 0 rg BT 436.28 288.15 Td (y and an) Tj ET Q q 0 0 0 rg BT 470.48 288.15 Td (y of its sub) Tj ET Q q 0 0 0 rg BT 514.04 288.15 Td (sidiaries ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 276.15 Td (\(the R) Tj ET Q q 0 0 0 rg BT 82.31 276.15 Td (e) Tj ET Q q 0 0 0 rg BT 87.23 276.15 Td (tir) Tj ET Q q 0 0 0 rg BT 96.23 276.15 Td (emen) Tj ET Q q 0 0 0 rg BT 119.33 276.15 Td (t Da) Tj ET Q q 0 0 0 rg BT 135.79 276.15 Td (t) Tj ET Q q 0 0 0 rg BT 139.03 276.15 Td (e\) but no la) Tj ET Q q 0 0 0 rg BT 189.39 276.15 Td (t) Tj ET Q q 0 0 0 rg BT 192.63 276.15 Td (er than December 15 of the fir) Tj ET Q q 0 0 0 rg BT 316.04 276.15 Td (s) Tj ET Q q 0 0 0 rg BT 319.84 276.15 Td (t c) Tj ET Q q 0 0 0 rg BT 329.60 276.15 Td (alendar y) Tj ET Q q 0 0 0 rg BT 367.11 276.15 Td (ear c) Tj ET Q q 0 0 0 rg BT 386.76 276.15 Td (ommencing a) Tj ET Q q 0 0 0 rg BT 441.72 276.15 Td (ft) Tj ET Q q 0 0 0 rg BT 448.01 276.15 Td (er the R) Tj ET Q q 0 0 0 rg BT 479.83 276.15 Td (e) Tj ET Q q 0 0 0 rg BT 484.75 276.15 Td (tir) Tj ET Q q 0 0 0 rg BT 493.75 276.15 Td (emen) Tj ET Q q 0 0 0 rg BT 516.85 276.15 Td (t Da) Tj ET Q q 0 0 0 rg BT 533.31 276.15 Td (t) Tj ET Q q 0 0 0 rg BT 536.55 276.15 Td (e, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 264.15 Td (and \(ii\) in the c) Tj ET Q q 0 0 0 rg BT 114.27 264.15 Td (ase of a R) Tj ET Q q 0 0 0 rg BT 153.10 264.15 Td (es) Tj ET Q q 0 0 0 rg BT 161.87 264.15 Td (trict) Tj ET Q q 0 0 0 rg BT 178.47 264.15 Td (ed Shar) Tj ET Q q 0 0 0 rg BT 208.96 264.15 Td (e Unit \(R) Tj ET Q q 0 0 0 rg BT 248.28 264.15 Td (SU\) on December 15 of the thir) Tj ET Q q 0 0 0 rg BT 378.93 264.15 Td (d c) Tj ET Q q 0 0 0 rg BT 390.59 264.15 Td (alendar y) Tj ET Q q 0 0 0 rg BT 428.10 264.15 Td (ear f) Tj ET Q q 0 0 0 rg BT 446.45 264.15 Td (ollo) Tj ET Q q 0 0 0 rg BT 461.55 264.15 Td (wing the y) Tj ET Q q 0 0 0 rg BT 503.46 264.15 Td (ear in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 252.15 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 252.15 Td (espect of which the R) Tj ET Q q 0 0 0 rg BT 144.47 252.15 Td (SU is gr) Tj ET Q q 0 0 0 rg BT 174.20 252.15 Td (an) Tj ET Q q 0 0 0 rg BT 184.15 252.15 Td (t) Tj ET Q q 0 0 0 rg BT 187.39 252.15 Td (ed. Holder) Tj ET Q q 0 0 0 rg BT 229.75 252.15 Td (s of R) Tj ET Q q 0 0 0 rg BT 251.81 252.15 Td (SUs and DSUs r) Tj ET Q q 0 0 0 rg BT 313.24 252.15 Td (eceiv) Tj ET Q q 0 0 0 rg BT 334.13 252.15 Td (e dividends in the f) Tj ET Q q 0 0 0 rg BT 411.13 252.15 Td (orm of additional units when the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 240.15 Td (Compan) Tj ET Q q 0 0 0 rg BT 87.71 240.15 Td (y declar) Tj ET Q q 0 0 0 rg BT 119.39 240.15 Td (es dividends on its c) Tj ET Q q 0 0 0 rg BT 200.56 240.15 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 251.91 240.15 Td (es.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 223.64999999999998 m 294.5 223.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 210.64999999999998 m 294.5 210.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 223.64999999999998 m 361.5 223.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 210.64999999999998 m 361.5 210.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 223.64999999999998 m 428.5 223.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 210.64999999999998 m 428.5 210.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 223.64999999999998 m 493.5 223.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.5 210.64999999999998 m 493.5 210.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 223.64999999999998 m 558.5 223.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 210.64999999999998 m 558.5 210.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 210.64999999999998 m 294.5 210.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 189.64999999999998 m 294.5 189.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 210.64999999999998 m 361.5 210.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 189.64999999999998 m 361.5 189.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 210.64999999999998 m 428.5 210.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 189.64999999999998 m 428.5 189.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.5 210.64999999999998 m 493.5 210.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.5 189.64999999999998 m 493.5 189.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 210.64999999999998 m 558.5 210.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 189.64999999999998 m 558.5 189.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 150.64999999999998 m 294.5 150.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294.5 150.64999999999998 m 361.5 150.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 150.64999999999998 m 428.5 150.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.5 150.64999999999998 m 493.5 150.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 150.64999999999998 m 558.5 150.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 135.64999999999998 m 294.5 135.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 120.64999999999998 m 294.5 120.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 135.64999999999998 m 361.5 135.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 120.64999999999998 m 361.5 120.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 135.64999999999998 m 428.5 135.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 120.64999999999998 m 428.5 120.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 135.64999999999998 m 493.5 135.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 120.64999999999998 m 493.5 120.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 135.64999999999998 m 558.5 135.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 120.64999999999998 m 558.5 120.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 106.64999999999998 m 294.5 106.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 106.64999999999998 m 361.5 106.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 106.64999999999998 m 428.5 106.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 106.64999999999998 m 493.5 106.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 106.64999999999998 m 558.5 106.64999999999998 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 215.15 Td (\(unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.95 215.15 Td (Three months ended March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.60 215.15 Td (Three months ended March 31, 2013) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 194.15 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.65 202.15 Td (De) Tj ET Q q 0 0 0 rg BT 337.66 202.15 Td (f) Tj ET Q q 0 0 0 rg BT 340.05 202.15 Td (err) Tj ET Q q 0 0 0 rg BT 349.68 202.15 Td (ed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.90 194.15 Td (Shar) Tj ET Q q 0 0 0 rg BT 334.68 194.15 Td (e Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.55 202.15 Td (R) Tj ET Q q 0 0 0 rg BT 395.94 202.15 Td (es) Tj ET Q q 0 0 0 rg BT 403.07 202.15 Td (trict) Tj ET Q q 0 0 0 rg BT 416.67 202.15 Td (ed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.90 194.15 Td (Shar) Tj ET Q q 0 0 0 rg BT 401.68 194.15 Td (e Units) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.25 202.15 Td (De) Tj ET Q q 0 0 0 rg BT 470.08 202.15 Td (f) Tj ET Q q 0 0 0 rg BT 472.32 202.15 Td (err) Tj ET Q q 0 0 0 rg BT 481.78 202.15 Td (ed) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.80 194.15 Td (Shar) Tj ET Q q 0 0 0 rg BT 467.19 194.15 Td (e Units) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.30 202.15 Td (R) Tj ET Q q 0 0 0 rg BT 526.50 202.15 Td (es) Tj ET Q q 0 0 0 rg BT 533.52 202.15 Td (trict) Tj ET Q q 0 0 0 rg BT 546.80 202.15 Td (ed) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.80 194.15 Td (Shar) Tj ET Q q 0 0 0 rg BT 532.19 194.15 Td (e Units) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 180.40 Td (Outstanding at beginning of period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.45 180.40 Td (393) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.45 180.40 Td (286) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.55 180.40 Td (345) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 180.40 Td (302) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 167.40 Td (Granted \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.00 167.40 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.45 167.40 Td (101) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.65 167.40 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 167.40 Td (117) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 154.40 Td (Dividends declared) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.55 154.40 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.55 154.40 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.65 154.40 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.65 154.40 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 140.40 Td (Outstanding at end of period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.45 140.40 Td (408) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.45 140.40 Td (392) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.55 140.40 Td (357) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 395.55 Td (Pr) Tj ET Q q 0 0 0 rg BT 62.49 395.55 Td (operty oper) Tj ET Q q 0 0 0 rg BT 110.40 395.55 Td (a) Tj ET Q q 0 0 0 rg BT 115.10 395.55 Td (ting c) Tj ET Q q 0 0 0 rg BT 137.11 395.55 Td (os) Tj ET Q q 0 0 0 rg BT 146.18 395.55 Td (ts includes ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 191.43 395.55 Td ($5.86 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 244.19 395.55 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 249.48 395.55 Td (Mar) Tj ET Q q 0 0 0 rg BT 266.16 395.55 Td (ch31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.07 395.55 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 322.57 395.55 Td ($5.16 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.32 395.55 Td (\) r) Tj ET Q q 0 0 0 rg BT 383.97 395.55 Td (ela) Tj ET Q q 0 0 0 rg BT 395.94 395.55 Td (t) Tj ET Q q 0 0 0 rg BT 399.18 395.55 Td (ed t) Tj ET Q q 0 0 0 rg BT 414.92 395.55 Td (o emplo) Tj ET Q q 0 0 0 rg BT 448.19 395.55 Td (y) Tj ET Q q 0 0 0 rg BT 452.59 395.55 Td (ee c) Tj ET Q q 0 0 0 rg BT 468.95 395.55 Td (ompensa) Tj ET Q q 0 0 0 rg BT 506.30 395.55 Td (tion.) Tj ET Q BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 369.75 Td (18) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.19 369.75 Td (. 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437.00 327.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.55 327.95 Td (6,242) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.00 327.95 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 327.95 Td (5,767) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 314.95 Td (Non-cash compensation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.45 314.95 Td (648) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 314.95 Td (714) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 301.95 Td (Other corporate costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.55 301.95 Td (2,675) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 301.95 Td (2,381) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.55 288.95 Td (9,565) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 288.95 Td (8,862) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 275.95 Td (Amounts capitalized to investment properties under development and residential inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.75 275.95 Td (\(1,549) Tj ET Q BT /F2 9.00 Tf ET q 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BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.00 623.75 Td (\(1,336) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 623.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 609.75 Td (Losses on settlement of debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.65 609.75 Td (\(262) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 609.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 609.75 Td (\(112) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 609.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 596.75 Td (Unrealized losses on hedges) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.05 596.75 Td (15\(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.20 596.75 Td (\(99) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 596.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 596.75 Td (\(121) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 596.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 583.75 Td (Investment properties selling costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.65 583.75 Td (\(142) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 583.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.00 583.75 Td (\(1,156) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 583.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 570.75 Td (Net gain on sale of residential inventory \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.00 570.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 570.75 Td (466) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 557.75 Td (Pre-selling costs of residential inventory) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.20 557.75 Td (\(19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 557.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.35 557.75 Td (\(11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 557.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 544.75 Td (Gain \(loss\) on foreign currency exchange) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.55 544.75 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.10 544.75 Td (32) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 530.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.55 530.75 Td (1,246) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 530.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 530.75 Td (\(163) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 530.75 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 503.10 Td (\(a\) The c) Tj ET Q q 0 0 0 rg BT 88.62 503.10 Td (omponen) Tj ET Q q 0 0 0 rg BT 127.80 503.10 Td (ts of the Compan) Tj ET Q q 0 0 0 rg BT 197.46 503.10 Td (y's ne) Tj ET Q q 0 0 0 rg BT 220.54 503.10 Td (t g) Tj ET Q q 0 0 0 rg BT 230.67 503.10 Td (ain on sale of r) Tj ET Q q 0 0 0 rg BT 290.23 503.10 Td (esiden) Tj ET Q q 0 0 0 rg BT 316.80 503.10 Td (tial in) Tj ET Q q 0 0 0 rg BT 339.18 503.10 Td (v) Tj ET Q q 0 0 0 rg BT 343.59 503.10 Td (en) Tj ET Q q 0 0 0 rg BT 353.73 503.10 Td (t) Tj ET Q q 0 0 0 rg BT 356.98 503.10 Td (or) Tj ET Q q 0 0 0 rg BT 365.79 503.10 Td (y ar) Tj ET Q q 0 0 0 rg BT 380.72 503.10 Td (e as f) Tj ET Q q 0 0 0 rg BT 401.76 503.10 Td (ollo) Tj ET Q q 0 0 0 rg BT 416.86 503.10 Td (w) Tj ET Q q 0 0 0 rg BT 423.92 503.10 Td (s: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 492.6 m 437.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 492.6 m 497.5 492.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 477.6 m 497.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 492.6 m 557.5 492.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 477.6 m 557.5 477.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 477.6 m 437.5 477.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 462.6 m 437.5 462.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 477.6 m 497.5 477.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 462.6 m 497.5 462.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 477.6 m 557.5 477.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 462.6 m 557.5 462.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 462.6 m 497.5 462.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 462.6 m 557.5 462.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 436.6 m 497.5 436.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 436.6 m 557.5 436.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 436.6 m 437.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 421.6 m 437.5 421.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 436.6 m 497.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 421.6 m 497.5 421.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 436.6 m 557.5 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 421.6 m 557.5 421.6 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 56.00 482.10 Td (\(unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.65 482.10 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 56.00 467.10 Td (\(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 467.10 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.75 467.10 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 453.35 Td (Sales) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.00 453.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.45 453.35 Td (977) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.00 453.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.75 453.35 Td (8,890) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 440.35 Td (Cost of sales) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.65 440.35 Td (\(977) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.15 440.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.00 440.35 Td (\(8,424) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.25 440.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 426.35 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.00 426.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.00 426.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.00 426.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.55 426.35 Td (466) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 396.30 Td (22) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.19 396.30 Td (. INC) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 95.36 396.30 Td (OME T) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 132.89 396.30 Td (AXE) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 155.77 396.30 Td (S) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 372.90 Td (The major c) Tj ET Q q 0 0 0 rg BT 101.70 372.90 Td (omponen) Tj ET Q q 0 0 0 rg BT 140.88 372.90 Td (ts of inc) Tj ET Q q 0 0 0 rg BT 172.68 372.90 Td (ome t) Tj ET Q q 0 0 0 rg BT 196.41 372.90 Td (a) Tj ET Q q 0 0 0 rg BT 201.10 372.90 Td (x e) Tj ET Q q 0 0 0 rg BT 212.52 372.90 Td (xpense include the f) Tj ET Q q 0 0 0 rg BT 293.98 372.90 Td (ollo) Tj ET Q q 0 0 0 rg BT 309.08 372.90 Td (wing:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 362.4 m 438.5 362.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 362.4 m 498.5 362.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 362.4 m 558.5 362.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 347.4 m 438.5 347.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 332.4 m 438.5 332.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 347.4 m 498.5 347.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 332.4 m 498.5 332.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 347.4 m 558.5 347.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 332.4 m 558.5 332.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 317.4 m 438.5 317.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 317.4 m 498.5 317.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 317.4 m 558.5 317.4 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 351.90 Td (\(unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.65 351.90 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 336.90 Td (\(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.75 336.90 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 336.90 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 322.15 Td (Deferred income taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 322.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 322.15 Td (10,484) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 322.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 322.15 Td (13,126) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 296.90 Td (The f) Tj ET Q q 0 0 0 rg BT 74.21 296.90 Td (ollo) Tj ET Q q 0 0 0 rg BT 89.30 296.90 Td (wing r) Tj ET Q q 0 0 0 rg BT 114.32 296.90 Td (ec) Tj ET Q q 0 0 0 rg BT 123.44 296.90 Td (onciles the Compan) Tj ET Q q 0 0 0 rg BT 203.48 296.90 Td (y) Tj ET Q q 0 0 0 rg BT 208.31 296.90 Td () Tj ET Q q 0 0 0 rg BT 210.20 296.90 Td (s s) Tj ET Q q 0 0 0 rg BT 220.17 296.90 Td (t) Tj ET Q q 0 0 0 rg BT 223.39 296.90 Td (a) Tj ET Q q 0 0 0 rg BT 228.09 296.90 Td (tut) Tj ET Q q 0 0 0 rg BT 239.95 296.90 Td (or) Tj ET Q q 0 0 0 rg BT 248.76 296.90 Td (y t) Tj ET Q q 0 0 0 rg BT 258.77 296.90 Td (a) Tj ET Q q 0 0 0 rg BT 263.47 296.90 Td (x r) Tj ET Q q 0 0 0 rg BT 273.34 296.90 Td (a) Tj ET Q q 0 0 0 rg BT 278.04 296.90 Td (t) Tj ET Q q 0 0 0 rg BT 281.28 296.90 Td (e t) Tj ET Q q 0 0 0 rg BT 291.77 296.90 Td (o its e) Tj ET Q q 0 0 0 rg BT 316.01 296.90 Td (f) Tj ET Q q 0 0 0 rg BT 318.96 296.90 Td (f) Tj ET Q q 0 0 0 rg BT 321.76 296.90 Td (ectiv) Tj ET Q q 0 0 0 rg BT 341.03 296.90 Td (e t) Tj ET Q q 0 0 0 rg BT 351.50 296.90 Td (a) Tj ET Q q 0 0 0 rg BT 356.19 296.90 Td (x r) Tj ET Q q 0 0 0 rg BT 366.07 296.90 Td (a) Tj ET Q q 0 0 0 rg BT 370.76 296.90 Td (t) Tj ET Q q 0 0 0 rg BT 374.00 296.90 Td (e f) Tj ET Q q 0 0 0 rg BT 384.08 296.90 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 410.94 296.90 Td (thr) Tj ET Q q 0 0 0 rg BT 422.90 296.90 Td (ee mon) Tj ET Q q 0 0 0 rg BT 453.54 296.90 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 512.96 296.90 Td (ch 31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 284.90 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 74.27 284.90 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.09 284.90 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 114.37 284.90 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 274.45000000000005 m 438.5 274.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 274.45000000000005 m 498.5 274.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 274.45000000000005 m 558.5 274.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 259.45000000000005 m 438.5 259.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 244.45000000000005 m 438.5 244.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 259.45000000000005 m 498.5 259.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 244.45000000000005 m 498.5 244.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 259.45000000000005 m 558.5 259.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 244.45000000000005 m 558.5 244.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 179.45000000000005 m 438.5 179.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 179.45000000000005 m 498.5 179.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 179.45000000000005 m 558.5 179.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 179.45000000000005 m 438.5 179.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 164.45000000000005 m 438.5 164.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 179.45000000000005 m 498.5 179.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 164.45000000000005 m 498.5 164.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 179.45000000000005 m 558.5 179.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 164.45000000000005 m 558.5 164.45000000000005 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 263.95 Td (\(unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.65 263.95 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 248.95 Td (\(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.75 248.95 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 248.95 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 235.20 Td (Income tax expense at the Canadian federal and provincial income tax rate of 26.27% \(2013 26.22%\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 235.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 235.20 Td (11,926) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 235.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 235.20 Td (17,254) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 222.20 Td (Increase \(decrease\) in income taxes due to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 209.20 Td (Non-taxable portion of capital gains and other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.75 209.20 Td (\(1,430) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 209.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.00 209.20 Td (\(3,751) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 209.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 196.20 Td (Non-deductible interest) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.45 196.20 Td (102) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.10 196.20 Td (94) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 183.20 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.65 183.20 Td (\(114) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.15 183.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.80 183.20 Td (\(471) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 183.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 169.20 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 169.20 Td (10,484) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 169.20 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 169.20 Td (13,126) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 143.95 Td (The Canadian f) Tj ET Q q 0 0 0 rg BT 114.19 143.95 Td (eder) Tj ET Q q 0 0 0 rg BT 132.67 143.95 Td (al and pr) Tj ET Q q 0 0 0 rg BT 168.16 143.95 Td (o) Tj ET Q q 0 0 0 rg BT 173.38 143.95 Td (vincial inc) Tj ET Q q 0 0 0 rg BT 213.01 143.95 Td (ome t) Tj ET Q q 0 0 0 rg BT 236.74 143.95 Td (a) Tj ET Q q 0 0 0 rg BT 241.44 143.95 Td (x r) Tj ET Q q 0 0 0 rg BT 251.31 143.95 Td (a) Tj ET Q q 0 0 0 rg BT 256.01 143.95 Td (t) Tj ET Q q 0 0 0 rg BT 259.25 143.95 Td (e is higher c) Tj ET Q q 0 0 0 rg BT 307.33 143.95 Td (ompar) Tj ET Q q 0 0 0 rg BT 333.99 143.95 Td (ed t) Tj ET Q q 0 0 0 rg BT 349.73 143.95 Td (o the same period in 2013 primarily due t) Tj ET Q q 0 0 0 rg BT 517.85 143.95 Td (o the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 131.95 Td (chang) Tj ET Q q 0 0 0 rg BT 78.15 131.95 Td (e in the inc) Tj ET Q q 0 0 0 rg BT 122.73 131.95 Td (ome t) Tj ET Q q 0 0 0 rg BT 146.46 131.95 Td (a) Tj ET Q q 0 0 0 rg BT 151.15 131.95 Td (x r) Tj ET Q q 0 0 0 rg BT 161.03 131.95 Td (a) Tj ET Q q 0 0 0 rg BT 165.72 131.95 Td (t) Tj ET Q q 0 0 0 rg BT 168.97 131.95 Td (e b) Tj ET Q q 0 0 0 rg BT 181.41 131.95 Td (y the Pr) Tj ET Q q 0 0 0 rg BT 212.53 131.95 Td (o) Tj ET Q q 0 0 0 rg BT 217.75 131.95 Td (vince of British Columbia during the sec) Tj ET Q q 0 0 0 rg BT 378.29 131.95 Td (ond quart) Tj ET Q q 0 0 0 rg BT 418.36 131.95 Td (er of 2013. ) Tj ET Q endstream endobj 185 0 obj <> endobj 186 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 736.70 Td (NO) Tj ET Q q 0 0 0 rg BT 66.82 736.70 Td (TE) Tj ET Q q 0 0 0 rg BT 75.58 736.70 Td (S T) Tj ET Q q 0 0 0 rg BT 86.08 736.70 Td (O THE INTERIM C) Tj ET Q q 0 0 0 rg BT 150.00 736.70 Td (ONSOLID) Tj ET Q q 0 0 0 rg BT 184.02 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 188.77 736.70 Td (TED FINANCIAL S) Tj ET Q q 0 0 0 rg BT 251.79 736.70 Td (T) Tj ET Q q 0 0 0 rg BT 255.54 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 260.29 736.70 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 291.73 736.70 Td (S c) Tj ET Q q 0 0 0 rg BT 308.26 736.70 Td (on) Tj ET Q q 0 0 0 rg BT 317.84 736.70 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (91) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (23) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.19 691.50 Td (. PER SHARE CAL) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.87 691.50 Td (CULA) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 193.73 691.50 Td (TIONS) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 668.10 Td (The f) Tj ET Q q 0 0 0 rg BT 74.21 668.10 Td (ollo) Tj ET Q q 0 0 0 rg BT 89.30 668.10 Td (wing t) Tj ET Q q 0 0 0 rg BT 114.20 668.10 Td (able se) Tj ET Q q 0 0 0 rg BT 142.60 668.10 Td (ts f) Tj ET Q q 0 0 0 rg BT 154.97 668.10 Td (orth the c) Tj ET Q q 0 0 0 rg BT 194.58 668.10 Td (omput) Tj ET Q q 0 0 0 rg BT 221.57 668.10 Td (a) Tj ET Q q 0 0 0 rg BT 226.27 668.10 Td (tion of per shar) Tj ET Q q 0 0 0 rg BT 288.58 668.10 Td (e amoun) Tj ET Q q 0 0 0 rg BT 324.28 668.10 Td (ts:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 657.6 m 438.5 657.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 642.6 m 438.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 657.6 m 498.5 657.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 642.6 m 498.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 657.6 m 558.5 657.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 642.6 m 558.5 642.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 627.6 m 438.5 627.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 627.6 m 498.5 627.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 627.6 m 558.5 627.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 588.6 m 438.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 575.6 m 438.5 575.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 588.6 m 498.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 575.6 m 498.5 575.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 588.6 m 558.5 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 575.6 m 558.5 575.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 523.6 m 438.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 510.6 m 438.5 510.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 523.6 m 498.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 510.6 m 498.5 510.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 523.6 m 558.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 510.6 m 558.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 483.6 m 438.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 483.6 m 498.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 483.6 m 558.5 483.6 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 647.10 Td (\(unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.65 647.10 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 632.10 Td (\(thousands of Canadian dollars, except other data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.75 632.10 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 632.10 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 618.35 Td (Numerator) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 605.35 Td (Net income attributable to common shareholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 605.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 605.35 Td (35,214) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 605.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 605.35 Td (52,720) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 592.35 Td (Adjustment for dilutive effect of convertible debentures, net of tax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.00 592.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 592.35 Td (849) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 579.35 Td (Numerator for diluted per share amounts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 579.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 579.35 Td (35,214) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 579.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 579.35 Td (53,569) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 566.35 Td (Denominator \(in thousands\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 553.35 Td (Weighted average number of shares outstanding for basic per share amounts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 553.35 Td (209,127) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.60 553.35 Td (207,285) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 540.35 Td (Options) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.45 540.35 Td (470) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 540.35 Td (923) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 527.35 Td (Convertible debentures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.00 527.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 527.35 Td (3,373) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 514.35 Td (Denominator for diluted per share amounts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 514.35 Td (209,597) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.60 514.35 Td (211,581) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 501.35 Td (Basic net income per share attributable to common shareholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 501.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.05 501.35 Td (0.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 501.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.25 501.35 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 488.35 Td (Diluted net income per share attributable to common shareholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 488.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.05 488.35 Td (0.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 488.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.25 488.35 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 460.10 Td (The f) Tj ET Q q 0 0 0 rg BT 74.21 460.10 Td (ollo) Tj ET Q q 0 0 0 rg BT 89.30 460.10 Td (wing securities w) Tj ET Q q 0 0 0 rg BT 158.97 460.10 Td (er) Tj ET Q q 0 0 0 rg BT 167.30 460.10 Td (e not included in the dilut) Tj ET Q q 0 0 0 rg BT 271.73 460.10 Td (ed ne) Tj ET Q q 0 0 0 rg BT 294.40 460.10 Td (t inc) Tj ET Q q 0 0 0 rg BT 311.71 460.10 Td (ome per shar) Tj ET Q q 0 0 0 rg BT 365.49 460.10 Td (e c) Tj ET Q q 0 0 0 rg BT 376.87 460.10 Td (alcula) Tj ET Q q 0 0 0 rg BT 400.43 460.10 Td (tion as the e) Tj ET Q q 0 0 0 rg BT 450.55 460.10 Td (f) Tj ET Q q 0 0 0 rg BT 453.51 460.10 Td (f) Tj ET Q q 0 0 0 rg BT 456.31 460.10 Td (ect w) Tj ET Q q 0 0 0 rg BT 478.18 460.10 Td (ould ha) Tj ET Q q 0 0 0 rg BT 508.39 460.10 Td (v) Tj ET Q q 0 0 0 rg BT 512.81 460.10 Td (e been ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 448.10 Td (an) Tj ET Q q 0 0 0 rg BT 63.95 448.10 Td (ti-dilutiv) Tj ET Q q 0 0 0 rg BT 97.82 448.10 Td (e:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 431.6 m 268.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 431.6 m 348.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 431.6 m 413.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 431.6 m 493.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 431.6 m 558.5 431.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 418.6 m 268.5 418.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 418.6 m 348.5 418.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 395.6 m 348.5 395.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 348.5 418.6 m 413.5 418.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 413.5 418.6 m 493.5 418.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 418.6 m 558.5 418.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 395.6 m 268.5 395.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 348.5 395.6 m 413.5 395.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 413.5 395.6 m 493.5 395.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 395.6 m 558.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 245.60000000000002 m 268.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 245.60000000000002 m 348.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 245.60000000000002 m 413.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 245.60000000000002 m 493.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 245.60000000000002 m 558.5 245.60000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 57.00 423.10 Td (Three months ended March 31) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.60 423.10 Td (Number of Shares if Exercised) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 410.10 Td (\(unaudited\) \(in Canadian dollars, number of options in) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 400.50 Td (thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.05 400.10 Td (Exercise Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.75 400.10 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.90 400.10 Td (Exercise Price) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 400.10 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 385.35 Td (Common share options) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.00 385.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.50 385.35 Td (17.77) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.45 385.35 Td (494) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.00 385.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.10 385.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 385.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 370.35 Td (Common share options) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.00 370.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.50 370.35 Td (17.90) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.45 370.35 Td (821) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.00 370.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.10 370.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 370.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 355.35 Td (Common share options) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.00 355.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.50 355.35 Td (18.97) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.45 355.35 Td (979) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.00 355.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.70 355.35 Td (18.97) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 355.35 Td (1,036) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 340.35 Td (Convertible debentures - 5.70%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.00 340.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.50 340.35 Td (18.75) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.55 340.35 Td (2,357) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.00 340.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.70 340.35 Td (18.75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 340.35 Td (2,296) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 325.35 Td (Convertible debentures - 5.40%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.00 325.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.50 325.35 Td (22.62) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.55 325.35 Td (3,159) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.00 325.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.70 325.35 Td (22.62) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 325.35 Td (2,541) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 310.35 Td (Convertible debentures - 5.25%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.00 310.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.50 310.35 Td (23.77) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.55 310.35 Td (3,159) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.00 310.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.10 310.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 310.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 295.35 Td (Convertible debentures - 5.25%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.00 295.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.50 295.35 Td (23.25) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.55 295.35 Td (2,747) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.00 295.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.70 295.35 Td (23.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 295.35 Td (2,149) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 280.35 Td (Convertible debentures - 4.95%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.00 280.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.50 280.35 Td (23.75) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.55 280.35 Td (4,120) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.00 280.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.70 280.35 Td (23.75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 280.35 Td (3,157) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 265.35 Td (Convertible debentures - 4.75%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 291.80 265.35 Td ($26.75-$27.75) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.55 265.35 Td (2,884) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.05 265.35 Td ($26.75-$27.75) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 265.35 Td (1,962) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 250.35 Td (Convertible debentures - 4.45%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 291.80 250.35 Td ($26.75-$27.75) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.55 250.35 Td (3,159) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.10 250.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.10 250.35 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 225.10 Td (R) Tj ET Q q 0 0 0 rg BT 59.25 225.10 Td (egular dividends paid per c) Tj ET Q q 0 0 0 rg BT 168.27 225.10 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 219.62 225.10 Td (e w) Tj ET Q q 0 0 0 rg BT 233.91 225.10 Td (er) Tj ET Q q 0 0 0 rg BT 242.24 225.10 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 249.48 225.10 Td ($0.21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 272.28 225.10 Td ( f) Tj ET Q q 0 0 0 rg BT 277.38 225.10 Td (or the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 304.24 225.10 Td (thr) Tj ET Q q 0 0 0 rg BT 316.20 225.10 Td (ee mon) Tj ET Q q 0 0 0 rg BT 346.83 225.10 Td (ths ended Mar) Tj ET Q q 0 0 0 rg BT 406.26 225.10 Td (ch 31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.17 225.10 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 472.99 225.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 493.26 225.10 Td (.) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 54.00 199.35 Td (24) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 68.19 199.35 Td (. 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Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 537.15 Td (\(c\) Liquidity risk) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 522.15 Td (R) Tj ET Q q 0 0 0 rg BT 59.25 522.15 Td (eal es) Tj ET Q q 0 0 0 rg BT 82.35 522.15 Td (t) Tj ET Q q 0 0 0 rg BT 85.58 522.15 Td (a) Tj ET Q q 0 0 0 rg BT 90.27 522.15 Td (t) Tj ET Q q 0 0 0 rg BT 93.52 522.15 Td (e in) Tj ET Q q 0 0 0 rg BT 108.14 522.15 Td (v) Tj ET Q q 0 0 0 rg BT 112.55 522.15 Td (es) Tj ET Q q 0 0 0 rg BT 121.33 522.15 Td (tmen) Tj ET Q q 0 0 0 rg BT 142.80 522.15 Td (ts ar) Tj ET Q q 0 0 0 rg BT 160.47 522.15 Td (e r) Tj ET Q q 0 0 0 rg BT 171.06 522.15 Td (ela) Tj ET Q q 0 0 0 rg BT 183.03 522.15 Td (tiv) Tj ET Q q 0 0 0 rg BT 193.09 522.15 Td (ely illiquid. 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If the Compan) Tj ET Q q 0 0 0 rg BT 434.44 510.15 Td (y w) Tj ET Q q 0 0 0 rg BT 448.29 510.15 Td (er) Tj ET Q q 0 0 0 rg BT 456.62 510.15 Td (e r) Tj ET Q q 0 0 0 rg BT 467.21 510.15 Td (equir) Tj ET Q q 0 0 0 rg BT 488.35 510.15 Td (ed t) Tj ET Q q 0 0 0 rg BT 504.09 510.15 Td (o quickly ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 498.15 Td (liquida) Tj ET Q q 0 0 0 rg BT 81.34 498.15 Td (t) Tj ET Q q 0 0 0 rg BT 84.59 498.15 Td (e its asse) Tj ET Q q 0 0 0 rg BT 121.17 498.15 Td (ts, ther) Tj ET Q q 0 0 0 rg BT 150.12 498.15 Td (e is a risk tha) Tj ET Q q 0 0 0 rg BT 202.68 498.15 Td (t it w) Tj ET Q q 0 0 0 rg BT 223.25 498.15 Td (ould r) Tj ET Q q 0 0 0 rg BT 246.94 498.15 Td (ealiz) Tj ET Q q 0 0 0 rg BT 265.02 498.15 Td (e sale pr) Tj ET Q q 0 0 0 rg BT 299.07 498.15 Td (oceeds of less than the curr) Tj ET Q q 0 0 0 rg BT 410.96 498.15 Td (en) Tj ET Q q 0 0 0 rg BT 421.09 498.15 Td (t v) Tj ET Q q 0 0 0 rg BT 431.08 498.15 Td (alue of its r) Tj ET Q q 0 0 0 rg BT 476.41 498.15 Td (eal es) Tj ET Q q 0 0 0 rg BT 499.50 498.15 Td (t) Tj ET Q q 0 0 0 rg BT 502.73 498.15 Td (a) Tj ET Q q 0 0 0 rg BT 507.43 498.15 Td (t) Tj ET Q q 0 0 0 rg BT 510.67 498.15 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 486.15 Td (in) Tj ET Q q 0 0 0 rg BT 61.38 486.15 Td (v) Tj ET Q q 0 0 0 rg BT 65.80 486.15 Td (es) Tj ET Q q 0 0 0 rg BT 74.58 486.15 Td (tmen) Tj ET Q q 0 0 0 rg BT 96.05 486.15 Td (ts. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 468.15 Td (An analy) Tj ET Q q 0 0 0 rg BT 88.86 468.15 Td (sis of the Compan) Tj ET Q q 0 0 0 rg BT 161.37 468.15 Td (y) Tj ET Q q 0 0 0 rg BT 166.20 468.15 Td () Tj ET Q q 0 0 0 rg BT 168.09 468.15 Td (s c) Tj ET Q q 0 0 0 rg BT 178.40 468.15 Td (on) Tj ET Q q 0 0 0 rg BT 188.84 468.15 Td (tr) Tj ET Q q 0 0 0 rg BT 195.47 468.15 Td (actual ma) Tj ET Q q 0 0 0 rg BT 235.12 468.15 Td (turities of its ma) Tj ET Q q 0 0 0 rg BT 301.39 468.15 Td (t) Tj ET Q q 0 0 0 rg BT 304.63 468.15 Td (erial financial liabilities and other c) Tj ET Q q 0 0 0 rg BT 445.86 468.15 Td (on) Tj ET Q q 0 0 0 rg BT 456.29 468.15 Td (tr) Tj ET Q q 0 0 0 rg BT 462.93 468.15 Td (actual c) Tj ET Q q 0 0 0 rg BT 494.04 468.15 Td (ommitmen) Tj ET Q q 0 0 0 rg BT 539.06 468.15 Td (ts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 456.15 Td (is se) Tj ET Q q 0 0 0 rg BT 71.30 456.15 Td (t out belo) Tj ET Q q 0 0 0 rg BT 110.81 456.15 Td (w:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 445.65 m 250.5 445.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 433.65 m 250.5 433.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 445.65 m 318.5 445.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 445.65 m 378.5 445.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 445.65 m 438.5 445.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 445.65 m 498.5 445.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 445.65 m 558.5 445.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 433.65 m 250.5 433.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 417.65 m 250.5 417.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 433.65 m 318.5 433.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 417.65 m 318.5 417.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318.5 433.65 m 378.5 433.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318.5 417.65 m 378.5 417.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 433.65 m 438.5 433.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 417.65 m 438.5 417.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 433.65 m 498.5 433.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 417.65 m 498.5 417.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 433.65 m 558.5 433.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 417.65 m 558.5 417.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 378.65 m 250.5 378.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 378.65 m 318.5 378.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318.5 378.65 m 378.5 378.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 378.65 m 438.5 378.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 378.65 m 498.5 378.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 378.65 m 558.5 378.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 267.65 m 250.5 267.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 252.64999999999998 m 250.5 252.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 267.65 m 318.5 267.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 252.64999999999998 m 318.5 252.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318.5 267.65 m 378.5 267.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 252.64999999999998 m 378.5 252.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 267.65 m 438.5 267.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 252.64999999999998 m 438.5 252.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 267.65 m 498.5 267.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 252.64999999999998 m 498.5 252.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 267.65 m 558.5 267.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 252.64999999999998 m 558.5 252.64999999999998 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 437.15 Td (\(unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.10 437.15 Td (Payments Due by Period) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 422.15 Td (\(thousands of Canadian dollars\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 253.05 422.15 Td (Remainder of 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.10 422.15 Td (2015 to 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.10 422.15 Td (2017 to 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.65 422.15 Td (Thereafter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.30 422.15 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 408.40 Td (Mortgages) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 395.40 Td (Scheduled amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.00 395.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.15 395.40 Td (26,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.00 395.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.15 395.40 Td (52,410) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 395.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.15 395.40 Td (37,007) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.00 395.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.15 395.40 Td (42,083) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 395.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.60 395.40 Td (157,759) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 382.40 Td (Payments on maturity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.35 382.40 Td (110,899) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.35 382.40 Td (368,142) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.35 382.40 Td (205,947) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.35 382.40 Td (393,030) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.55 382.40 Td (1,078,018) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 369.40 Td (Total mortgage obligations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.60 369.40 Td (137,158) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.60 369.40 Td (420,552) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.60 369.40 Td (242,954) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.60 369.40 Td (435,113) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.80 369.40 Td (1,235,777) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 356.40 Td (Mortgage on equity accounted joint venture) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.55 356.40 Td (327) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.15 356.40 Td (10,425) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.10 356.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.10 356.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 356.40 Td (10,752) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 343.40 Td (Senior unsecured debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.60 343.40 Td (100,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.60 343.40 Td (125,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.60 343.40 Td (400,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.80 343.40 Td (1,550,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.80 343.40 Td (2,175,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 330.40 Td (Loans and mortg) Tj ET Q q 0 0 0 rg BT 118.08 330.40 Td (ag) Tj ET Q q 0 0 0 rg BT 126.56 330.40 Td (e pa) Tj ET Q q 0 0 0 rg BT 141.94 330.40 Td (y) Tj ET Q q 0 0 0 rg BT 145.88 330.40 Td (able ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 163.50 334.69 Td (\(1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.15 330.40 Td (20,134) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.10 330.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.10 330.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.10 330.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 330.40 Td (20,134) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 317.40 Td (In) Tj ET Q q 0 0 0 rg BT 63.91 317.40 Td (t) Tj ET Q q 0 0 0 rg BT 66.83 317.40 Td (er) Tj ET Q q 0 0 0 rg BT 74.33 317.40 Td (es) Tj ET Q q 0 0 0 rg BT 82.22 317.40 Td (t oblig) Tj ET Q q 0 0 0 rg BT 104.95 317.40 Td (a) Tj ET Q q 0 0 0 rg BT 109.18 317.40 Td (tions ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 129.29 321.69 Td (\(2\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.60 317.40 Td (116,998) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.60 317.40 Td (262,537) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.60 317.40 Td (209,494) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.60 317.40 Td (317,267) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.60 317.40 Td (906,296) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 304.40 Td (Land leases \(expiring between 2023 and 2061\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.55 304.40 Td (734) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.75 304.40 Td (1,964) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.75 304.40 Td (1,988) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.15 304.40 Td (18,613) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 304.40 Td (23,299) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 291.40 Td (Contractual committed costs to complete current) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 282.40 Td (development projects) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.15 285.40 Td (31,145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.15 285.40 Td (16,602) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.10 285.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.10 285.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 285.40 Td (47,747) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 271.40 Td (Other committed costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.15 271.40 Td (19,300) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.10 271.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.10 271.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.10 271.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 271.40 Td (19,300) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 257.40 Td (T) Tj ET Q q 0 0 0 rg BT 60.59 257.40 Td (ot) Tj ET Q q 0 0 0 rg BT 68.24 257.40 Td (al c) Tj ET Q q 0 0 0 rg BT 80.38 257.40 Td (on) Tj ET Q q 0 0 0 rg BT 89.77 257.40 Td (tr) Tj ET Q q 0 0 0 rg BT 95.74 257.40 Td (actual oblig) Tj ET Q q 0 0 0 rg BT 137.68 257.40 Td (a) Tj ET Q q 0 0 0 rg BT 141.91 257.40 Td (tions ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 162.02 261.69 Td (\(3\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.00 257.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.60 257.40 Td (425,796) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.00 257.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.60 257.40 Td (837,080) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 257.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.60 257.40 Td (854,436) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.00 257.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.80 257.40 Td (2,320,993) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.00 257.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.80 257.40 Td (4,438,305) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 560.00 253.15 Td ( ) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 242.09 Td (\(1\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 238.75 Td (Loans and mortg) Tj ET Q q 0 0 0 rg BT 110.51 238.75 Td (ag) Tj ET Q q 0 0 0 rg BT 117.10 238.75 Td (e pa) Tj ET Q q 0 0 0 rg BT 129.07 238.75 Td (y) Tj ET Q q 0 0 0 rg BT 132.13 238.75 Td (able include a ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 173.04 238.75 Td ($3.6 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 206.42 238.75 Td ( loan r) Tj ET Q q 0 0 0 rg BT 224.26 238.75 Td (ela) Tj ET Q q 0 0 0 rg BT 232.64 238.75 Td (ting t) Tj ET Q q 0 0 0 rg BT 247.42 238.75 Td (o r) Tj ET Q q 0 0 0 rg BT 255.04 238.75 Td (esiden) Tj ET Q q 0 0 0 rg BT 273.64 238.75 Td (tial de) Tj ET Q q 0 0 0 rg BT 291.26 238.75 Td (v) Tj ET Q q 0 0 0 rg BT 294.36 238.75 Td (elopmen) Tj ET Q q 0 0 0 rg BT 319.50 238.75 Td (t in) Tj ET Q q 0 0 0 rg BT 328.60 238.75 Td (v) Tj ET Q q 0 0 0 rg BT 331.69 238.75 Td (en) Tj ET Q q 0 0 0 rg BT 338.79 238.75 Td (t) Tj ET Q q 0 0 0 rg BT 341.06 238.75 Td (or) Tj ET Q q 0 0 0 rg BT 347.23 238.75 Td (y \(Not) Tj ET Q q 0 0 0 rg BT 364.58 238.75 Td (e 15\) and a ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 397.67 238.75 Td ($17.1 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 434.60 238.75 Td ( thir) Tj ET Q q 0 0 0 rg BT 446.16 238.75 Td (d party loan which is secur) Tj ET Q q 0 0 0 rg BT 521.54 238.75 Td (ed b) Tj ET Q q 0 0 0 rg BT 533.92 238.75 Td (y ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 230.35 Td ($17.1 million) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 99.93 230.35 Td ( in Go) Tj ET Q q 0 0 0 rg BT 116.45 230.35 Td (v) Tj ET Q q 0 0 0 rg BT 119.55 230.35 Td (ernmen) Tj ET Q q 0 0 0 rg BT 141.84 230.35 Td (t of Canada bonds \() Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 197.07 230.35 Td (Not) Tj ET Q q 0 0 0 rg BT 207.55 230.35 Td (e 15) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 219.71 230.35 Td (\).) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 222.29 Td (\(2\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 218.95 Td (In) Tj ET Q q 0 0 0 rg BT 68.38 218.95 Td (t) Tj ET Q q 0 0 0 rg BT 70.65 218.95 Td (er) Tj ET Q q 0 0 0 rg BT 76.48 218.95 Td (es) Tj ET Q q 0 0 0 rg BT 82.62 218.95 Td (t oblig) Tj ET Q q 0 0 0 rg BT 100.29 218.95 Td (a) Tj ET Q q 0 0 0 rg BT 103.58 218.95 Td (tions include e) Tj ET Q q 0 0 0 rg BT 144.87 218.95 Td (xpect) Tj ET Q q 0 0 0 rg BT 160.29 218.95 Td (ed in) Tj ET Q q 0 0 0 rg BT 174.25 218.95 Td (t) Tj ET Q q 0 0 0 rg BT 176.52 218.95 Td (er) Tj ET Q q 0 0 0 rg BT 182.36 218.95 Td (es) Tj ET Q q 0 0 0 rg BT 188.50 218.95 Td (t pa) Tj ET Q q 0 0 0 rg BT 199.33 218.95 Td (ymen) Tj ET Q q 0 0 0 rg BT 215.18 218.95 Td (ts on mortg) Tj ET Q q 0 0 0 rg BT 248.03 218.95 Td (ag) Tj ET Q q 0 0 0 rg BT 254.62 218.95 Td (es and cr) Tj ET Q q 0 0 0 rg BT 280.02 218.95 Td (edit f) Tj ET Q q 0 0 0 rg BT 294.72 218.95 Td (acilities as a) Tj ET Q q 0 0 0 rg BT 328.57 218.95 Td (t ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 332.49 218.95 Td (Mar) Tj ET Q q 0 0 0 rg BT 344.17 218.95 Td (ch31, 2014) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 377.01 218.95 Td ( \(assuming balances r) Tj ET Q q 0 0 0 rg BT 437.75 218.95 Td (emain outs) Tj ET Q q 0 0 0 rg BT 469.42 218.95 Td (t) Tj ET Q q 0 0 0 rg BT 471.68 218.95 Td (anding thr) Tj ET Q q 0 0 0 rg BT 500.90 218.95 Td (ough t) Tj ET Q q 0 0 0 rg BT 519.10 218.95 Td (o ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 210.55 Td (ma) Tj ET Q q 0 0 0 rg BT 71.88 210.55 Td (turity\), and senior unsecur) Tj ET Q q 0 0 0 rg BT 146.99 210.55 Td (ed deben) Tj ET Q q 0 0 0 rg BT 173.66 210.55 Td (tur) Tj ET Q q 0 0 0 rg BT 182.03 210.55 Td (es, as w) Tj ET Q q 0 0 0 rg BT 204.20 210.55 Td (ell as s) Tj ET Q q 0 0 0 rg BT 222.81 210.55 Td (t) Tj ET Q q 0 0 0 rg BT 225.07 210.55 Td (andb) Tj ET Q q 0 0 0 rg BT 239.42 210.55 Td (y cr) Tj ET Q q 0 0 0 rg BT 249.48 210.55 Td (edit f) Tj ET Q q 0 0 0 rg BT 264.17 210.55 Td (acility f) Tj ET Q q 0 0 0 rg BT 284.36 210.55 Td (ees.) Tj ET Q BT /F3 7.00 Tf ET BT /F3 4.55 Tf ET q 0 0 0 rg BT 54.00 202.49 Td (\(3\) ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 199.15 Td (Consis) Tj ET Q q 0 0 0 rg BT 81.10 199.15 Td (t) Tj ET Q q 0 0 0 rg BT 83.37 199.15 Td (en) Tj ET Q q 0 0 0 rg BT 90.47 199.15 Td (t with e) Tj ET Q q 0 0 0 rg BT 111.99 199.15 Td (xis) Tj ET Q q 0 0 0 rg BT 119.29 199.15 Td (ting pr) Tj ET Q q 0 0 0 rg BT 137.77 199.15 Td (actice, it is the Compan) Tj ET Q q 0 0 0 rg BT 203.95 199.15 Td (y) Tj ET Q q 0 0 0 rg BT 207.33 199.15 Td () Tj ET Q q 0 0 0 rg BT 208.65 199.15 Td (s curr) Tj ET Q q 0 0 0 rg BT 224.39 199.15 Td (en) Tj ET Q q 0 0 0 rg BT 231.49 199.15 Td (t in) Tj ET Q q 0 0 0 rg BT 240.64 199.15 Td (t) Tj ET Q q 0 0 0 rg BT 242.90 199.15 Td (en) Tj ET Q q 0 0 0 rg BT 250.00 199.15 Td (tion t) Tj ET Q q 0 0 0 rg BT 265.18 199.15 Td (o c) Tj ET Q q 0 0 0 rg BT 273.36 199.15 Td (on) Tj ET Q q 0 0 0 rg BT 280.66 199.15 Td (tinue t) Tj ET Q q 0 0 0 rg BT 299.31 199.15 Td (o sa) Tj ET Q q 0 0 0 rg BT 310.61 199.15 Td (tis) Tj ET Q q 0 0 0 rg BT 317.23 199.15 Td (f) Tj ET Q q 0 0 0 rg BT 319.40 199.15 Td (y its oblig) Tj ET Q q 0 0 0 rg BT 346.17 199.15 Td (a) Tj ET Q q 0 0 0 rg BT 349.46 199.15 Td (tions of principal and in) Tj ET Q q 0 0 0 rg BT 416.21 199.15 Td (t) Tj ET Q q 0 0 0 rg BT 418.48 199.15 Td (er) Tj ET Q q 0 0 0 rg BT 424.31 199.15 Td (es) Tj ET Q q 0 0 0 rg BT 430.45 199.15 Td (t pa) Tj ET Q q 0 0 0 rg BT 441.28 199.15 Td (ymen) Tj ET Q q 0 0 0 rg BT 457.14 199.15 Td (ts in r) Tj ET Q q 0 0 0 rg BT 473.02 199.15 Td (espect of all of its ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 63.00 190.75 Td (outs) Tj ET Q q 0 0 0 rg BT 75.37 190.75 Td (t) Tj ET Q q 0 0 0 rg BT 77.63 190.75 Td (anding c) Tj ET Q q 0 0 0 rg BT 101.40 190.75 Td (on) Tj ET Q q 0 0 0 rg BT 108.66 190.75 Td (v) Tj ET Q q 0 0 0 rg BT 111.75 190.75 Td (ertible deben) Tj ET Q q 0 0 0 rg BT 149.91 190.75 Td (tur) Tj ET Q q 0 0 0 rg BT 158.28 190.75 Td (es b) Tj ET Q q 0 0 0 rg BT 169.73 190.75 Td (y the issuance of c) Tj ET Q q 0 0 0 rg BT 221.69 190.75 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 257.64 190.75 Td (es, and as such ha) Tj ET Q q 0 0 0 rg BT 308.70 190.75 Td (v) Tj ET Q q 0 0 0 rg BT 311.79 190.75 Td (e been e) Tj ET Q q 0 0 0 rg BT 336.14 190.75 Td (x) Tj ET Q q 0 0 0 rg BT 339.01 190.75 Td (cluded fr) Tj ET Q q 0 0 0 rg BT 364.14 190.75 Td (om this t) Tj ET Q q 0 0 0 rg BT 389.22 190.75 Td (able.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 172.75 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 172.75 Td (y) Tj ET Q q 0 0 0 rg BT 109.90 172.75 Td () Tj ET Q q 0 0 0 rg BT 111.78 172.75 Td (s t) Tj ET Q q 0 0 0 rg BT 121.21 172.75 Td (ot) Tj ET Q q 0 0 0 rg BT 129.71 172.75 Td (al es) Tj ET Q q 0 0 0 rg BT 147.83 172.75 Td (tima) Tj ET Q q 0 0 0 rg BT 166.16 172.75 Td (t) Tj ET Q q 0 0 0 rg BT 169.40 172.75 Td (ed c) Tj ET Q q 0 0 0 rg BT 186.04 172.75 Td (os) Tj ET Q q 0 0 0 rg BT 195.11 172.75 Td (ts t) Tj ET Q q 0 0 0 rg BT 207.88 172.75 Td (o c) Tj ET Q q 0 0 0 rg BT 219.56 172.75 Td (omple) Tj ET Q q 0 0 0 rg BT 245.29 172.75 Td (t) Tj ET Q q 0 0 0 rg BT 248.54 172.75 Td (e de) Tj ET Q q 0 0 0 rg BT 265.95 172.75 Td (v) Tj ET Q q 0 0 0 rg BT 270.37 172.75 Td (elopmen) Tj ET Q q 0 0 0 rg BT 306.29 172.75 Td (t pr) Tj ET Q q 0 0 0 rg BT 320.48 172.75 Td (ojects curr) Tj ET Q q 0 0 0 rg BT 363.20 172.75 Td (en) Tj ET Q q 0 0 0 rg BT 373.34 172.75 Td (tly under c) Tj ET Q q 0 0 0 rg BT 416.40 172.75 Td (ons) Tj ET Q q 0 0 0 rg BT 430.72 172.75 Td (truction ar) Tj ET Q q 0 0 0 rg BT 473.62 172.75 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 480.86 172.75 Td ($196.2 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 538.68 172.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 160.75 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 74.31 160.75 Td ($47.7 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 127.06 160.75 Td ( c) Tj ET Q q 0 0 0 rg BT 133.47 160.75 Td (on) Tj ET Q q 0 0 0 rg BT 143.90 160.75 Td (tr) Tj ET Q q 0 0 0 rg BT 150.53 160.75 Td (actually c) Tj ET Q q 0 0 0 rg BT 188.47 160.75 Td (ommit) Tj ET Q q 0 0 0 rg BT 215.22 160.75 Td (t) Tj ET Q q 0 0 0 rg BT 218.46 160.75 Td (ed as a) Tj ET Q q 0 0 0 rg BT 246.61 160.75 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 252.22 160.75 Td (Mar) Tj ET Q q 0 0 0 rg BT 268.90 160.75 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 315.81 160.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 142.75 Td (The Compan) Tj ET Q q 0 0 0 rg BT 105.07 142.75 Td (y manag) Tj ET Q q 0 0 0 rg BT 139.30 142.75 Td (es its liquidity risk b) Tj ET Q q 0 0 0 rg BT 219.05 142.75 Td (y s) Tj ET Q q 0 0 0 rg BT 229.63 142.75 Td (t) Tj ET Q q 0 0 0 rg BT 232.86 142.75 Td (ag) Tj ET Q q 0 0 0 rg BT 242.45 142.75 Td (g) Tj ET Q q 0 0 0 rg BT 247.08 142.75 Td (ering deb) Tj ET Q q 0 0 0 rg BT 285.49 142.75 Td (t ma) Tj ET Q q 0 0 0 rg BT 303.79 142.75 Td (turities; r) Tj ET Q q 0 0 0 rg BT 341.00 142.75 Td (eneg) Tj ET Q q 0 0 0 rg BT 360.84 142.75 Td (otia) Tj ET Q q 0 0 0 rg BT 376.46 142.75 Td (ting e) Tj ET Q q 0 0 0 rg BT 399.15 142.75 Td (xpiring cr) Tj ET Q q 0 0 0 rg BT 436.61 142.75 Td (edit arr) Tj ET Q q 0 0 0 rg BT 466.30 142.75 Td (ang) Tj ET Q q 0 0 0 rg BT 480.97 142.75 Td (emen) Tj ET Q q 0 0 0 rg BT 504.07 142.75 Td (ts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 130.75 Td (pr) Tj ET Q q 0 0 0 rg BT 62.58 130.75 Td (oactiv) Tj ET Q q 0 0 0 rg BT 86.93 130.75 Td (ely; using undr) Tj ET Q q 0 0 0 rg BT 146.39 130.75 Td (a) Tj ET Q q 0 0 0 rg BT 151.11 130.75 Td (wn lines of cr) Tj ET Q q 0 0 0 rg BT 204.94 130.75 Td (edit; and issuing equity when c) Tj ET Q q 0 0 0 rg BT 330.15 130.75 Td (onsider) Tj ET Q q 0 0 0 rg BT 360.46 130.75 Td (ed appr) Tj ET Q q 0 0 0 rg BT 391.58 130.75 Td (opria) Tj ET Q q 0 0 0 rg BT 412.58 130.75 Td (t) Tj ET Q q 0 0 0 rg BT 415.83 130.75 Td (e. As a) Tj ET Q q 0 0 0 rg BT 442.24 130.75 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.85 130.75 Td (Mar) Tj ET Q q 0 0 0 rg BT 464.53 130.75 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.44 130.75 Td (, ther) Tj ET Q q 0 0 0 rg BT 533.13 130.75 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 118.75 Td (w) Tj ET Q q 0 0 0 rg BT 61.04 118.75 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 118.75 Td (nil) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 81.84 118.75 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.13 118.75 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 166.60 118.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 176.10 118.75 Td (nil) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 185.94 118.75 Td (\) of c) Tj ET Q q 0 0 0 rg BT 205.97 118.75 Td (ash adv) Tj ET Q q 0 0 0 rg BT 236.60 118.75 Td (ances dr) Tj ET Q q 0 0 0 rg BT 270.55 118.75 Td (a) Tj ET Q q 0 0 0 rg BT 275.27 118.75 Td (wn ag) Tj ET Q q 0 0 0 rg BT 299.25 118.75 Td (ains) Tj ET Q q 0 0 0 rg BT 315.39 118.75 Td (t the Compan) Tj ET Q q 0 0 0 rg BT 370.54 118.75 Td (y) Tj ET Q q 0 0 0 rg BT 375.37 118.75 Td () Tj ET Q q 0 0 0 rg BT 377.26 118.75 Td (s r) Tj ET Q q 0 0 0 rg BT 386.78 118.75 Td (e) Tj ET Q q 0 0 0 rg BT 391.71 118.75 Td (v) Tj ET Q q 0 0 0 rg BT 396.13 118.75 Td (olving cr) Tj ET Q q 0 0 0 rg BT 430.32 118.75 Td (edit f) Tj ET Q q 0 0 0 rg BT 451.31 118.75 Td (acilities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 100.75 Td (In addition, as a) Tj ET Q q 0 0 0 rg BT 118.21 100.75 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 123.82 100.75 Td (Mar) Tj ET Q q 0 0 0 rg BT 140.50 100.75 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.41 100.75 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 241.71 100.75 Td (y has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 264.72 100.75 Td ($38.6 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.47 100.75 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 322.76 100.75 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.23 100.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 411.73 100.75 Td ($43.4 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.48 100.75 Td (\) of outs) Tj ET Q q 0 0 0 rg BT 498.04 100.75 Td (t) Tj ET Q q 0 0 0 rg BT 501.27 100.75 Td (anding ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 88.75 Td (le) Tj ET Q q 0 0 0 rg BT 61.22 88.75 Td (t) Tj ET Q q 0 0 0 rg BT 64.42 88.75 Td (t) Tj ET Q q 0 0 0 rg BT 67.67 88.75 Td (er) Tj ET Q q 0 0 0 rg BT 75.96 88.75 Td (s of cr) Tj ET Q q 0 0 0 rg BT 100.30 88.75 Td (edit tha) Tj ET Q q 0 0 0 rg BT 131.73 88.75 Td (t ha) Tj ET Q q 0 0 0 rg BT 147.22 88.75 Td (v) Tj ET Q q 0 0 0 rg BT 151.64 88.75 Td (e been issued b) Tj ET Q q 0 0 0 rg BT 214.66 88.75 Td (y financial ins) Tj ET Q q 0 0 0 rg BT 269.31 88.75 Td (titutions primarily t) Tj ET Q q 0 0 0 rg BT 347.83 88.75 Td (o support cert) Tj ET Q q 0 0 0 rg BT 405.33 88.75 Td (ain of the Compan) Tj ET Q q 0 0 0 rg BT 480.06 88.75 Td (y) Tj ET Q q 0 0 0 rg BT 484.89 88.75 Td () Tj ET Q q 0 0 0 rg BT 486.77 88.75 Td (s c) Tj ET Q q 0 0 0 rg BT 497.09 88.75 Td (on) Tj ET Q q 0 0 0 rg BT 507.53 88.75 Td (tr) Tj ET Q q 0 0 0 rg BT 514.16 88.75 Td (actual ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 76.75 Td (oblig) Tj ET Q q 0 0 0 rg BT 73.64 76.75 Td (a) Tj ET Q q 0 0 0 rg BT 78.34 76.75 Td (tions.) Tj ET Q endstream endobj 189 0 obj <> endobj 190 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.00 736.70 Td (NO) Tj ET Q q 0 0 0 rg BT 66.82 736.70 Td (TE) Tj ET Q q 0 0 0 rg BT 75.58 736.70 Td (S T) Tj ET Q q 0 0 0 rg BT 86.08 736.70 Td (O THE INTERIM C) Tj ET Q q 0 0 0 rg BT 150.00 736.70 Td (ONSOLID) Tj ET Q q 0 0 0 rg BT 184.02 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 188.77 736.70 Td (TED FINANCIAL S) Tj ET Q q 0 0 0 rg BT 251.79 736.70 Td (T) Tj ET Q q 0 0 0 rg BT 255.54 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 260.29 736.70 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 291.73 736.70 Td (S c) Tj ET Q q 0 0 0 rg BT 308.26 736.70 Td (on) Tj ET Q q 0 0 0 rg BT 317.84 736.70 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (93) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 54.00 691.50 Td (25) Tj ET Q BT /F2 14.00 Tf ET q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 68.19 691.50 Td (. F) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 80.73 691.50 Td (AIR V) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 111.52 691.50 Td (AL) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 125.59 691.50 Td (UE ME) Tj ET Q q 0.21176470588235294 0.20392156862745098 0.20784313725490197 rg BT 163.61 691.50 Td (ASUREMENT) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 54.00 673.50 Td (The f) Tj ET Q q 0 0 0 rg BT 74.22 673.50 Td (air v) Tj ET Q q 0 0 0 rg BT 91.42 673.50 Td (alue hier) Tj ET Q q 0 0 0 rg BT 126.80 673.50 Td (ar) Tj ET Q q 0 0 0 rg BT 134.93 673.50 Td (ch) Tj ET Q q 0 0 0 rg BT 144.23 673.50 Td (y of financial ins) Tj ET Q q 0 0 0 rg BT 209.46 673.50 Td (trumen) Tj ET Q q 0 0 0 rg BT 239.68 673.50 Td (ts measur) Tj ET Q q 0 0 0 rg BT 279.47 673.50 Td (ed a) Tj ET Q q 0 0 0 rg BT 296.66 673.50 Td (t f) Tj ET Q q 0 0 0 rg BT 305.13 673.50 Td (air v) Tj ET Q q 0 0 0 rg BT 322.33 673.50 Td (alue on the c) Tj ET Q q 0 0 0 rg BT 374.68 673.50 Td (onsolida) Tj ET Q q 0 0 0 rg BT 408.93 673.50 Td (t) Tj ET Q q 0 0 0 rg BT 412.17 673.50 Td (ed balance shee) Tj ET Q q 0 0 0 rg BT 477.57 673.50 Td (ts is as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 661.50 Td (f) Tj ET Q q 0 0 0 rg BT 56.84 661.50 Td (ollo) Tj ET Q q 0 0 0 rg BT 71.94 661.50 Td (w) Tj ET Q q 0 0 0 rg BT 79.00 661.50 Td (s: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 651 m 217.5 651 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 636 m 217.5 636 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 651 m 246.5 651 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 217.5 636 m 246.5 636 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 651 m 296.5 651 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 246.5 636 m 296.5 636 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 651 m 346.5 651 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 296.5 636 m 346.5 636 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 651 m 396.5 651 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 346.5 636 m 396.5 636 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 651 m 446.5 651 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 636 m 446.5 636 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 651 m 496.5 651 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.5 636 m 496.5 636 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 651 m 546.5 651 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 636 m 546.5 636 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 621 m 217.5 621 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 217.5 621 m 246.5 621 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 246.5 621 m 296.5 621 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 296.5 621 m 346.5 621 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 346.5 621 m 396.5 621 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 396.5 621 m 446.5 621 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.5 621 m 496.5 621 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 621 m 546.5 621 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 621 m 217.5 621 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 528 m 217.5 528 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 528 m 246.5 528 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 528 m 296.5 528 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 528 m 346.5 528 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 528 m 396.5 528 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 528 m 446.5 528 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 528 m 496.5 528 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 528 m 546.5 528 l s BT /F4 8.50 Tf ET q 0 0 0 rg BT 56.00 640.63 Td (\(unaudited\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 338.45 640.63 Td (March 31, 2014) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 475.45 640.63 Td (December 31, 2013) Tj ET Q BT /F4 8.50 Tf ET q 0 0 0 rg BT 56.00 625.63 Td (\(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 221.15 625.63 Td (Notes) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 268.60 625.63 Td (Level 1) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 318.60 625.63 Td (Level 2) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 368.60 625.63 Td (Level 3) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 419.05 625.63 Td (Level 1) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 469.05 625.63 Td (Level 2) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 519.05 625.63 Td (Level 3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 611.75 Td (Financial Assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 598.75 Td (FVTPL investments in equity securities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 229.20 598.75 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.00 598.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 268.00 598.75 Td (31,180) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.00 598.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 598.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.00 598.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 385.00 598.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.00 598.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.15 598.75 Td (27,764) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.00 598.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.10 598.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.00 598.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.10 598.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 585.75 Td (AFS investments in equity securities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 225.80 585.75 Td (6,7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 272.55 585.75 Td (4,186) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 585.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.55 585.75 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.75 585.75 Td (4,082) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.10 585.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.65 585.75 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 572.75 Td (Derivatives at fair value \(assets\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 229.20 572.75 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.00 572.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 322.55 572.75 Td (1,166) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 385.00 572.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.10 572.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.75 572.75 Td (3,148) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.10 572.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 559.75 Td (Financial Liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 546.75 Td (Derivatives at fair value \(liabilities\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.90 546.75 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.00 546.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.45 546.75 Td (491) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 385.00 546.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.10 546.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.55 546.75 Td (936) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.10 546.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 532.75 Td (Short positions in marketable securities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.90 532.75 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 272.55 532.75 Td (9,187) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.00 532.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 385.00 532.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.75 532.75 Td (8,089) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.10 532.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.10 532.75 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 510.50 Td (The f) Tj ET Q q 0 0 0 rg BT 74.22 510.50 Td (air v) Tj ET Q q 0 0 0 rg BT 91.42 510.50 Td (alues of the Compan) Tj ET Q q 0 0 0 rg BT 175.04 510.50 Td (y) Tj ET Q q 0 0 0 rg BT 179.87 510.50 Td () Tj ET Q q 0 0 0 rg BT 181.75 510.50 Td (s c) Tj ET Q q 0 0 0 rg BT 192.07 510.50 Td (ash and c) Tj ET Q q 0 0 0 rg BT 229.99 510.50 Td (ash equiv) Tj ET Q q 0 0 0 rg BT 268.36 510.50 Td (alen) Tj ET Q q 0 0 0 rg BT 285.58 510.50 Td (ts, amoun) Tj ET Q q 0 0 0 rg BT 326.06 510.50 Td (ts r) Tj ET Q q 0 0 0 rg BT 338.94 510.50 Td (eceiv) Tj ET Q q 0 0 0 rg BT 359.78 510.50 Td (able, deposits, loans r) Tj ET Q q 0 0 0 rg BT 447.97 510.50 Td (eceiv) Tj ET Q q 0 0 0 rg BT 468.81 510.50 Td (able fr) Tj ET Q q 0 0 0 rg BT 494.77 510.50 Td (om sales of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 498.50 Td (r) Tj ET Q q 0 0 0 rg BT 57.35 498.50 Td (esiden) Tj ET Q q 0 0 0 rg BT 83.93 498.50 Td (tial in) Tj ET Q q 0 0 0 rg BT 106.30 498.50 Td (v) Tj ET Q q 0 0 0 rg BT 110.72 498.50 Td (en) Tj ET Q q 0 0 0 rg BT 120.86 498.50 Td (t) Tj ET Q q 0 0 0 rg BT 124.11 498.50 Td (or) Tj ET Q q 0 0 0 rg BT 132.92 498.50 Td (y) Tj ET Q q 0 0 0 rg BT 136.73 498.50 Td (, r) Tj ET Q q 0 0 0 rg BT 144.84 498.50 Td (es) Tj ET Q q 0 0 0 rg BT 153.61 498.50 Td (trict) Tj ET Q q 0 0 0 rg BT 170.22 498.50 Td (ed c) Tj ET Q q 0 0 0 rg BT 186.85 498.50 Td (ash and acc) Tj ET Q q 0 0 0 rg BT 233.79 498.50 Td (oun) Tj ET Q q 0 0 0 rg BT 249.48 498.50 Td (ts pa) Tj ET Q q 0 0 0 rg BT 268.86 498.50 Td (y) Tj ET Q q 0 0 0 rg BT 273.23 498.50 Td (able and other liabilities appr) Tj ET Q q 0 0 0 rg BT 391.90 498.50 Td (o) Tj ET Q q 0 0 0 rg BT 396.98 498.50 Td (xima) Tj ET Q q 0 0 0 rg BT 416.29 498.50 Td (t) Tj ET Q q 0 0 0 rg BT 419.53 498.50 Td (e their c) Tj ET Q q 0 0 0 rg BT 452.54 498.50 Td (arr) Tj ET Q q 0 0 0 rg BT 464.35 498.50 Td (ying v) Tj ET Q q 0 0 0 rg BT 487.76 498.50 Td (alues as a) Tj ET Q q 0 0 0 rg BT 526.91 498.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 486.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 70.68 486.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 117.59 486.50 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 137.41 486.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 216.87 486.50 Td ( due t) Tj ET Q q 0 0 0 rg BT 240.13 486.50 Td (o their short t) Tj ET Q q 0 0 0 rg BT 296.06 486.50 Td (erm na) Tj ET Q q 0 0 0 rg BT 324.72 486.50 Td (tur) Tj ET Q q 0 0 0 rg BT 336.68 486.50 Td (e. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 471.50 Td (The f) Tj ET Q q 0 0 0 rg BT 74.22 471.50 Td (air v) Tj ET Q q 0 0 0 rg BT 91.42 471.50 Td (alues of the Compan) Tj ET Q q 0 0 0 rg BT 175.04 471.50 Td (y) Tj ET Q q 0 0 0 rg BT 179.87 471.50 Td () Tj ET Q q 0 0 0 rg BT 181.75 471.50 Td (s in) Tj ET Q q 0 0 0 rg BT 195.31 471.50 Td (v) Tj ET Q q 0 0 0 rg BT 199.73 471.50 Td (es) Tj ET Q q 0 0 0 rg BT 208.50 471.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 229.98 471.50 Td (ts in FVTPL and AF) Tj ET Q q 0 0 0 rg BT 303.88 471.50 Td (S equity ins) Tj ET Q q 0 0 0 rg BT 350.00 471.50 Td (trumen) Tj ET Q q 0 0 0 rg BT 380.21 471.50 Td (ts as w) Tj ET Q q 0 0 0 rg BT 407.75 471.50 Td (ell as the short positions in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 459.50 Td (mark) Tj ET Q q 0 0 0 rg BT 74.49 459.50 Td (e) Tj ET Q q 0 0 0 rg BT 79.41 459.50 Td (t) Tj ET Q q 0 0 0 rg BT 82.64 459.50 Td (able securities, ar) Tj ET Q q 0 0 0 rg BT 153.79 459.50 Td (e based on quot) Tj ET Q q 0 0 0 rg BT 219.29 459.50 Td (ed mark) Tj ET Q q 0 0 0 rg BT 252.27 459.50 Td (e) Tj ET Q q 0 0 0 rg BT 257.19 459.50 Td (t prices. The Compan) Tj ET Q q 0 0 0 rg BT 345.06 459.50 Td (y has an in) Tj ET Q q 0 0 0 rg BT 387.75 459.50 Td (v) Tj ET Q q 0 0 0 rg BT 392.17 459.50 Td (es) Tj ET Q q 0 0 0 rg BT 400.95 459.50 Td (tmen) Tj ET Q q 0 0 0 rg BT 422.42 459.50 Td (t in a fund classified as a Le) Tj ET Q q 0 0 0 rg BT 532.38 459.50 Td (v) Tj ET Q q 0 0 0 rg BT 536.80 459.50 Td (el ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 447.50 Td (3 AF) Tj ET Q q 0 0 0 rg BT 71.57 447.50 Td (S equity ins) Tj ET Q q 0 0 0 rg BT 117.69 447.50 Td (trumen) Tj ET Q q 0 0 0 rg BT 147.90 447.50 Td (t, f) Tj ET Q q 0 0 0 rg BT 158.85 447.50 Td (or which the f) Tj ET Q q 0 0 0 rg BT 215.01 447.50 Td (air v) Tj ET Q q 0 0 0 rg BT 232.21 447.50 Td (alue is based on the f) Tj ET Q q 0 0 0 rg BT 318.18 447.50 Td (air v) Tj ET Q q 0 0 0 rg BT 335.38 447.50 Td (alue of the pr) Tj ET Q q 0 0 0 rg BT 389.96 447.50 Td (operties held in the fund.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 429.50 Td (The f) Tj ET Q q 0 0 0 rg BT 74.22 429.50 Td (air v) Tj ET Q q 0 0 0 rg BT 91.42 429.50 Td (alue of deriv) Tj ET Q q 0 0 0 rg BT 141.96 429.50 Td (a) Tj ET Q q 0 0 0 rg BT 146.66 429.50 Td (tiv) Tj ET Q q 0 0 0 rg BT 156.72 429.50 Td (e ins) Tj ET Q q 0 0 0 rg BT 175.31 429.50 Td (trumen) Tj ET Q q 0 0 0 rg BT 205.52 429.50 Td (ts ar) Tj ET Q q 0 0 0 rg BT 223.19 429.50 Td (e de) Tj ET Q q 0 0 0 rg BT 240.60 429.50 Td (t) Tj ET Q q 0 0 0 rg BT 243.84 429.50 Td (ermined using pr) Tj ET Q q 0 0 0 rg BT 312.62 429.50 Td (esen) Tj ET Q q 0 0 0 rg BT 331.65 429.50 Td (t v) Tj ET Q q 0 0 0 rg BT 341.63 429.50 Td (alue f) Tj ET Q q 0 0 0 rg BT 364.04 429.50 Td (or) Tj ET Q q 0 0 0 rg BT 372.86 429.50 Td (w) Tj ET Q q 0 0 0 rg BT 379.89 429.50 Td (ar) Tj ET Q q 0 0 0 rg BT 388.03 429.50 Td (d pricing and s) Tj ET Q q 0 0 0 rg BT 446.75 429.50 Td (w) Tj ET Q q 0 0 0 rg BT 453.79 429.50 Td (ap c) Tj ET Q q 0 0 0 rg BT 470.24 429.50 Td (alcula) Tj ET Q q 0 0 0 rg BT 493.79 429.50 Td (tions a) Tj ET Q q 0 0 0 rg BT 520.84 429.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 417.50 Td (in) Tj ET Q q 0 0 0 rg BT 61.46 417.50 Td (t) Tj ET Q q 0 0 0 rg BT 64.70 417.50 Td (er) Tj ET Q q 0 0 0 rg BT 73.03 417.50 Td (es) Tj ET Q q 0 0 0 rg BT 81.80 417.50 Td (t r) Tj ET Q q 0 0 0 rg BT 90.69 417.50 Td (a) Tj ET Q q 0 0 0 rg BT 95.39 417.50 Td (t) Tj ET Q q 0 0 0 rg BT 98.63 417.50 Td (es tha) Tj ET Q q 0 0 0 rg BT 123.08 417.50 Td (t r) Tj ET Q q 0 0 0 rg BT 132.05 417.50 Td (e) Tj ET Q q 0 0 0 rg BT 136.93 417.50 Td (flect curr) Tj ET Q q 0 0 0 rg BT 173.42 417.50 Td (en) Tj ET Q q 0 0 0 rg BT 183.56 417.50 Td (t mark) Tj ET Q q 0 0 0 rg BT 209.65 417.50 Td (e) Tj ET Q q 0 0 0 rg BT 214.58 417.50 Td (t c) Tj ET Q q 0 0 0 rg BT 224.33 417.50 Td (onditions. The models also t) Tj ET Q q 0 0 0 rg BT 340.62 417.50 Td (ak) Tj ET Q q 0 0 0 rg BT 349.63 417.50 Td (e in) Tj ET Q q 0 0 0 rg BT 364.32 417.50 Td (t) Tj ET Q q 0 0 0 rg BT 367.57 417.50 Td (o c) Tj ET Q q 0 0 0 rg BT 379.25 417.50 Td (onsider) Tj ET Q q 0 0 0 rg BT 409.50 417.50 Td (a) Tj ET Q q 0 0 0 rg BT 414.20 417.50 Td (tion the cr) Tj ET Q q 0 0 0 rg BT 456.05 417.50 Td (edit quality of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 405.50 Td (c) Tj ET Q q 0 0 0 rg BT 58.15 405.50 Td (oun) Tj ET Q q 0 0 0 rg BT 73.83 405.50 Td (t) Tj ET Q q 0 0 0 rg BT 77.08 405.50 Td (erparties, in) Tj ET Q q 0 0 0 rg BT 125.81 405.50 Td (t) Tj ET Q q 0 0 0 rg BT 129.05 405.50 Td (er) Tj ET Q q 0 0 0 rg BT 137.38 405.50 Td (es) Tj ET Q q 0 0 0 rg BT 146.16 405.50 Td (t r) Tj ET Q q 0 0 0 rg BT 155.05 405.50 Td (a) Tj ET Q q 0 0 0 rg BT 159.75 405.50 Td (t) Tj ET Q q 0 0 0 rg BT 162.99 405.50 Td (e cur) Tj ET Q q 0 0 0 rg BT 183.29 405.50 Td (v) Tj ET Q q 0 0 0 rg BT 187.71 405.50 Td (es and f) Tj ET Q q 0 0 0 rg BT 219.25 405.50 Td (or) Tj ET Q q 0 0 0 rg BT 228.07 405.50 Td (w) Tj ET Q q 0 0 0 rg BT 235.10 405.50 Td (ar) Tj ET Q q 0 0 0 rg BT 243.24 405.50 Td (d r) Tj ET Q q 0 0 0 rg BT 254.04 405.50 Td (a) Tj ET Q q 0 0 0 rg BT 258.74 405.50 Td (t) Tj ET Q q 0 0 0 rg BT 261.98 405.50 Td (e cur) Tj ET Q q 0 0 0 rg BT 282.28 405.50 Td (v) Tj ET Q q 0 0 0 rg BT 286.70 405.50 Td (es. As a) Tj ET Q q 0 0 0 rg BT 317.02 405.50 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 322.63 405.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 339.31 405.50 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 386.22 405.50 Td (, the in) Tj ET Q q 0 0 0 rg BT 414.27 405.50 Td (t) Tj ET Q q 0 0 0 rg BT 417.52 405.50 Td (er) Tj ET Q q 0 0 0 rg BT 425.85 405.50 Td (es) Tj ET Q q 0 0 0 rg BT 434.62 405.50 Td (t r) Tj ET Q q 0 0 0 rg BT 443.51 405.50 Td (a) Tj ET Q q 0 0 0 rg BT 448.21 405.50 Td (t) Tj ET Q q 0 0 0 rg BT 451.45 405.50 Td (es r) Tj ET Q q 0 0 0 rg BT 465.88 405.50 Td (ang) Tj ET Q q 0 0 0 rg BT 480.55 405.50 Td (ed fr) Tj ET Q q 0 0 0 rg BT 499.42 405.50 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.94 405.50 Td (2.46%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 539.82 405.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 393.50 Td (t) Tj ET Q q 0 0 0 rg BT 57.25 393.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 64.79 393.50 Td (4.16%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 89.66 393.50 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.96 393.50 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 174.42 393.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.68 393.50 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 181.68 393.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 183.94 393.50 Td (2.77%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 208.82 393.50 Td ( t) Tj ET Q q 0 0 0 rg BT 214.33 393.50 Td (o ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 221.87 393.50 Td (4.50%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 246.74 393.50 Td (\).) Tj ET Q endstream endobj 191 0 obj <> endobj 192 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (94) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET q 0 0 0 rg BT 54.00 691.50 Td (26) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 68.19 691.50 Td (. SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 152.62 691.50 Td (AL O) Tj ET Q q 0 0 0 rg BT 179.35 691.50 Td (THER C) Tj ET Q q 0 0 0 rg BT 220.30 691.50 Td (OMPREHENSIVE INC) Tj ET Q q 0 0 0 rg BT 337.93 691.50 Td (OME \(L) Tj ET Q q 0 0 0 rg BT 379.66 691.50 Td (OSS\) INF) Tj ET Q q 0 0 0 rg BT 429.17 691.50 Td (ORMA) Tj ET Q q 0 0 0 rg BT 466.15 691.50 Td (TION) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 664.65 Td (\(a\) T) Tj ET Q q 0 0 0 rg BT 75.15 664.65 Td (a) Tj ET Q q 0 0 0 rg BT 80.96 664.65 Td (x e) Tj ET Q q 0 0 0 rg BT 95.14 664.65 Td (ff) Tj ET Q q 0 0 0 rg BT 102.52 664.65 Td (ects r) Tj ET Q q 0 0 0 rg BT 129.38 664.65 Td (ela) Tj ET Q q 0 0 0 rg BT 144.18 664.65 Td (ting t) Tj ET Q q 0 0 0 rg BT 170.17 664.65 Td (o each c) Tj ET Q q 0 0 0 rg BT 210.43 664.65 Td (omponen) Tj ET Q q 0 0 0 rg BT 258.35 664.65 Td (t of other c) Tj ET Q q 0 0 0 rg BT 313.21 664.65 Td (ompr) Tj ET Q q 0 0 0 rg BT 340.00 664.65 Td (ehensiv) Tj ET Q q 0 0 0 rg BT 378.26 664.65 Td (e inc) Tj ET Q q 0 0 0 rg BT 401.36 664.65 Td (ome \(loss\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 654.15 m 197.5 654.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 639.15 m 197.5 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 654.15 m 257.5 654.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 639.15 m 257.5 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 654.15 m 317.5 654.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257.5 639.15 m 317.5 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 654.15 m 377.5 654.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.5 639.15 m 377.5 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 654.15 m 437.5 654.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 639.15 m 437.5 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 654.15 m 497.5 654.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 639.15 m 497.5 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 654.15 m 557.5 654.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 639.15 m 557.5 639.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 619.15 m 197.5 619.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 619.15 m 257.5 619.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257.5 619.15 m 317.5 619.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.5 619.15 m 377.5 619.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 619.15 m 437.5 619.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 619.15 m 497.5 619.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 619.15 m 557.5 619.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 520.15 m 197.5 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 505.15 m 197.5 505.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 520.15 m 257.5 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 505.15 m 257.5 505.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257.5 520.15 m 317.5 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 505.15 m 317.5 505.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.5 520.15 m 377.5 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 505.15 m 377.5 505.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 520.15 m 437.5 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 505.15 m 437.5 505.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 520.15 m 497.5 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 505.15 m 497.5 505.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 520.15 m 557.5 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 505.15 m 557.5 505.15 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 56.00 643.65 Td (Three months ended March 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.75 643.65 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.75 643.65 Td (2013) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 56.00 630.65 Td (\(unaudited\) \(thousands of Canadian) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 56.00 622.65 Td (dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.65 630.65 Td (Be) Tj ET Q q 0 0 0 rg BT 227.10 630.65 Td (f) Tj ET Q q 0 0 0 rg BT 229.51 630.65 Td (or) Tj ET Q q 0 0 0 rg BT 236.57 630.65 Td (e-T) Tj ET Q q 0 0 0 rg BT 246.40 630.65 Td (a) Tj ET Q q 0 0 0 rg BT 250.28 630.65 Td (x) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.05 622.65 Td (Amoun) Tj ET Q q 0 0 0 rg BT 251.22 622.65 Td (t) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.85 630.65 Td (Tax Recovery) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.60 622.65 Td (\(Expense\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.60 630.65 Td (Ne) Tj ET Q q 0 0 0 rg BT 349.84 630.65 Td (t of T) Tj ET Q q 0 0 0 rg BT 366.42 630.65 Td (a) Tj ET Q q 0 0 0 rg BT 370.30 630.65 Td (x) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.05 622.65 Td (Amoun) Tj ET Q q 0 0 0 rg BT 371.22 622.65 Td (t) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.60 630.65 Td (Be) Tj ET Q q 0 0 0 rg BT 407.86 630.65 Td (f) Tj ET Q q 0 0 0 rg BT 410.14 630.65 Td (or) Tj ET Q q 0 0 0 rg BT 417.04 630.65 Td (e-T) Tj ET Q q 0 0 0 rg BT 426.74 630.65 Td (a) Tj ET Q q 0 0 0 rg BT 430.50 630.65 Td (x) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.75 622.65 Td (Amoun) Tj ET Q q 0 0 0 rg BT 431.32 622.65 Td (t) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.00 630.65 Td (Tax Recovery) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 462.25 622.65 Td (\(Expense\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.40 630.65 Td (Ne) Tj ET Q q 0 0 0 rg BT 530.50 630.65 Td (t of T) Tj ET Q q 0 0 0 rg BT 546.73 630.65 Td (a) Tj ET Q q 0 0 0 rg BT 550.49 630.65 Td (x) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.75 622.65 Td (Amoun) Tj ET Q q 0 0 0 rg BT 551.32 622.65 Td (t) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 609.90 Td (Unrealized losses on available-for-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.00 600.90 Td (sale marketable securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 200.00 602.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.20 602.90 Td (\(19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 254.15 602.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.00 602.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.55 602.90 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 320.00 602.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.20 602.90 Td (\(14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.15 602.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.00 602.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.80 602.90 Td (\(380) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.25 602.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.00 602.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.10 602.90 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.00 602.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.80 602.90 Td (\(331) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.25 602.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 588.90 Td (Reclassification of losses on available-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.00 579.90 Td (for-sale marketable securities to) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.00 570.90 Td (net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 245.00 570.90 Td (36) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 306.75 570.90 Td (\(9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.15 570.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.00 570.90 Td (27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.10 570.90 Td (27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.95 570.90 Td (\(4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.25 570.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.10 570.90 Td (23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 556.90 Td (Unrealized losses on cash flow) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.00 547.90 Td (hedges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.75 547.90 Td (\(4,842) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 254.15 547.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.55 547.90 Td (1,273) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 350.75 547.90 Td (\(3,569) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.15 547.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.80 547.90 Td (\(208) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.25 547.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.10 547.90 Td (55) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.80 547.90 Td (\(153) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.25 547.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 533.90 Td (Reclassification of losses on cash flow) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.00 524.90 Td (hedges to net income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 245.00 524.90 Td (78) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.20 524.90 Td (\(21) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.15 524.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.00 524.90 Td (57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.10 524.90 Td (79) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.35 524.90 Td (\(20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.25 524.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.10 524.90 Td (59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 509.90 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 200.00 509.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.75 509.90 Td (\(4,747) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 254.15 509.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.00 509.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.55 509.90 Td (1,248) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 320.00 509.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 350.75 509.90 Td (\(3,499) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.15 509.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.00 509.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.80 509.90 Td (\(482) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.25 509.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.00 509.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.10 509.90 Td (80) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.00 509.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.80 509.90 Td (\(402) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.25 509.90 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 475.75 Td (\(b\) Accumula) Tj ET Q q 0 0 0 rg BT 119.34 475.75 Td (t) Tj ET Q q 0 0 0 rg BT 123.36 475.75 Td (ed other c) Tj ET Q q 0 0 0 rg BT 173.58 475.75 Td (ompr) Tj ET Q q 0 0 0 rg BT 200.37 475.75 Td (ehensiv) Tj ET Q q 0 0 0 rg BT 238.63 475.75 Td (e inc) Tj ET Q q 0 0 0 rg BT 261.73 475.75 Td (ome \(loss\) ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 465.25 m 197.5 465.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 450.25 m 197.5 450.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 465.25 m 257.5 465.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 465.25 m 317.5 465.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 465.25 m 377.5 465.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 465.25 m 437.5 465.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 465.25 m 497.5 465.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 465.25 m 557.5 465.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 450.25 m 197.5 450.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 421.25 m 197.5 421.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 450.25 m 257.5 450.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 421.25 m 257.5 421.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257.5 450.25 m 317.5 450.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257.5 421.25 m 317.5 421.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.5 450.25 m 377.5 450.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.5 421.25 m 377.5 421.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 450.25 m 437.5 450.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 421.25 m 437.5 421.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 450.25 m 497.5 450.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 421.25 m 497.5 421.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 450.25 m 557.5 450.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 421.25 m 557.5 421.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 369.25 m 197.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 348.25 m 197.5 348.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 369.25 m 257.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 348.25 m 257.5 348.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257.5 369.25 m 317.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 348.25 m 317.5 348.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.5 369.25 m 377.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 348.25 m 377.5 348.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 377.5 369.25 m 437.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 348.25 m 437.5 348.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 369.25 m 497.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 348.25 m 497.5 348.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 369.25 m 557.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 348.25 m 557.5 348.25 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 56.00 454.75 Td (Three months ended March 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.75 454.75 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.75 454.75 Td (2013) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 56.00 433.75 Td (\(unaudited\) \(thousands of Canadian) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 56.00 425.75 Td (dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 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BT 251.79 736.70 Td (T) Tj ET Q q 0 0 0 rg BT 255.54 736.70 Td (A) Tj ET Q q 0 0 0 rg BT 260.29 736.70 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 291.73 736.70 Td (S c) Tj ET Q q 0 0 0 rg BT 308.26 736.70 Td (on) Tj ET Q q 0 0 0 rg BT 317.84 736.70 Td (tinued) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 52.5 57 m 77.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 77.5 57 m 531.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 531.5 57 m 558.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 55.00 47.00 Td (95) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 80.00 47.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 693.00 Td (\(b\) Ne) Tj ET Q q 0 0 0 rg BT 84.49 693.00 Td (t chang) Tj ET Q q 0 0 0 rg BT 120.75 693.00 Td (e in non-c) Tj ET Q q 0 0 0 rg BT 169.56 693.00 Td (ash oper) Tj ET Q q 0 0 0 rg BT 212.36 693.00 Td (a) Tj ET Q q 0 0 0 rg BT 218.17 693.00 Td (ting it) Tj ET Q q 0 0 0 rg BT 247.08 693.00 Td (ems) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 675.60 Td (The ne) Tj ET Q q 0 0 0 rg BT 81.54 675.60 Td (t chang) Tj ET Q q 0 0 0 rg BT 111.30 675.60 Td (e in non-c) Tj ET Q q 0 0 0 rg BT 151.33 675.60 Td (ash oper) Tj ET Q q 0 0 0 rg BT 186.33 675.60 Td (a) Tj ET Q q 0 0 0 rg BT 191.03 675.60 Td (ting asse) Tj ET Q q 0 0 0 rg BT 226.43 675.60 Td (ts and liabilities c) Tj ET Q q 0 0 0 rg BT 295.97 675.60 Td (onsis) Tj ET Q q 0 0 0 rg BT 316.50 675.60 Td (ts of the f) Tj ET Q q 0 0 0 rg BT 355.29 675.60 Td (ollo) Tj ET Q q 0 0 0 rg BT 370.39 675.60 Td (wing: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.73 675.60 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 665.1 m 436.5 665.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 665.1 m 496.5 665.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 665.1 m 557.5 665.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 650.1 m 436.5 650.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 635.1 m 436.5 635.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 650.1 m 496.5 650.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 635.1 m 496.5 635.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 650.1 m 557.5 650.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 635.1 m 557.5 635.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 570.1 m 436.5 570.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 555.1 m 436.5 555.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 570.1 m 496.5 570.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 555.1 m 496.5 555.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 570.1 m 557.5 570.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 555.1 m 557.5 555.1 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 654.60 Td (\(unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.65 654.60 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 639.60 Td (\(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.75 639.60 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.75 639.60 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 625.85 Td (Amounts receivable) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.00 625.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.75 625.85 Td (\(7,262) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.15 625.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.00 625.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.00 625.85 Td (\(4,844) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.25 625.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 612.85 Td (Prepaid expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.75 612.85 Td (\(7,635) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.15 612.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.00 612.85 Td (\(8,287) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.25 612.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 599.85 Td (Trade payables and accruals) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.45 599.85 Td (373) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.75 599.85 Td (2,388) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 586.85 Td (Tenant security and other deposits) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.75 586.85 Td (\(1,723) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.15 586.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.35 586.85 Td (\(64) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.25 586.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 573.85 Td (Other working capital changes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.65 573.85 Td (\(651) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.15 573.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.00 573.85 Td (\(1,408) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.25 573.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.00 559.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.20 559.85 Td (\(16,898) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.15 559.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.00 559.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.45 559.85 Td (\(12,215) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.25 559.85 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 529.20 Td (\(c\) Chang) Tj ET Q q 0 0 0 rg BT 99.93 529.20 Td (es in loans, mortg) Tj ET Q q 0 0 0 rg BT 188.04 529.20 Td (ag) Tj ET Q q 0 0 0 rg BT 199.53 529.20 Td (es and other r) Tj ET Q q 0 0 0 rg BT 268.79 529.20 Td (eal es) Tj ET Q q 0 0 0 rg BT 297.11 529.20 Td (t) Tj ET Q q 0 0 0 rg BT 301.15 529.20 Td (a) Tj ET Q q 0 0 0 rg BT 306.96 529.20 Td (t) Tj ET Q q 0 0 0 rg BT 310.97 529.20 Td (e asse) Tj ET Q q 0 0 0 rg BT 341.19 529.20 Td (ts ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 518.7 m 435.5 518.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 518.7 m 495.5 518.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 518.7 m 558.5 518.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 505.7 m 435.5 505.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 492.7 m 435.5 492.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 435.5 505.7 m 495.5 505.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 435.5 492.7 m 495.5 492.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 505.7 m 558.5 505.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 492.7 m 558.5 492.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 453.7 m 435.5 453.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 438.7 m 435.5 438.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 435.5 453.7 m 495.5 453.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 438.7 m 495.5 438.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 453.7 m 558.5 453.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 438.7 m 558.5 438.7 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 510.20 Td (\(unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.65 510.20 Td (Three months ended March 31) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 497.20 Td (\(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.75 497.20 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.75 497.20 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 483.45 Td (\(Increase\) decrease in loans and mortgages receivable, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 438.00 483.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.75 483.45 Td (\(8,903) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.15 483.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.00 483.45 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 483.45 Td (10,612) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 470.45 Td (Investment in marketable securities, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.75 470.45 Td (\(9,188) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.15 470.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.00 470.45 Td (\(9,950) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.25 470.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 457.45 Td (Proceeds from disposition of marketable securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.55 457.45 Td (7,251) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 457.45 Td (19,515) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 438.00 443.45 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.20 443.45 Td (\(10,840) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.15 443.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.00 443.45 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.15 443.45 Td (20,177) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 412.80 Td (\(d\) Cash and c) Tj ET Q q 0 0 0 rg BT 123.31 412.80 Td (ash equiv) Tj ET Q q 0 0 0 rg BT 170.54 412.80 Td (alen) Tj ET Q q 0 0 0 rg BT 191.78 412.80 Td (ts) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 402.3 m 416.5 402.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 389.3 m 416.5 389.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 402.3 m 487.5 402.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416.5 389.3 m 487.5 389.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 402.3 m 558.5 402.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 389.3 m 558.5 389.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 363.3 m 416.5 363.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 348.3 m 416.5 348.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416.5 363.3 m 487.5 363.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 348.3 m 487.5 348.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 363.3 m 558.5 363.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 348.3 m 558.5 348.3 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.00 393.80 Td (\(unaudited\) \(thousands of Canadian dollars\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.65 393.80 Td (March 31, 2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.40 393.80 Td (December 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 380.05 Td (Cash) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 380.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.00 380.05 Td (92,780) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 380.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 380.05 Td (4,679) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.00 367.05 Td (Term deposits) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.45 367.05 Td (350) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.55 367.05 Td (296) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.00 354.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.00 354.05 Td (93,130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 353.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.75 353.05 Td (4,975) Tj ET Q BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET q 0 0 0 rg BT 54.00 323.00 Td (28) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 68.19 323.00 Td (. C) Tj ET Q q 0 0 0 rg BT 82.40 323.00 Td (OMMITMENT) Tj ET Q q 0 0 0 rg BT 162.16 323.00 Td (S AND C) Tj ET Q q 0 0 0 rg BT 208.94 323.00 Td (ONTINGENCIE) Tj ET Q q 0 0 0 rg BT 290.33 323.00 Td (S) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 305.00 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 72.00 305.00 Td (The Compan) Tj ET Q q 0 0 0 rg BT 123.07 305.00 Td (y is in) Tj ET Q q 0 0 0 rg BT 145.71 305.00 Td (v) Tj ET Q q 0 0 0 rg BT 150.13 305.00 Td (olv) Tj ET Q q 0 0 0 rg BT 162.12 305.00 Td (ed in litig) Tj ET Q q 0 0 0 rg BT 199.17 305.00 Td (a) Tj ET Q q 0 0 0 rg BT 203.87 305.00 Td (tion and claims which arise fr) Tj ET Q q 0 0 0 rg BT 322.17 305.00 Td (om time t) Tj ET Q q 0 0 0 rg BT 361.81 305.00 Td (o time in the normal c) Tj ET Q q 0 0 0 rg BT 451.36 305.00 Td (our) Tj ET Q q 0 0 0 rg BT 465.20 305.00 Td (se of business. None ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 293.00 Td (of these, individually or in ag) Tj ET Q q 0 0 0 rg BT 188.81 293.00 Td (gr) Tj ET Q q 0 0 0 rg BT 196.87 293.00 Td (eg) Tj ET Q q 0 0 0 rg BT 206.37 293.00 Td (a) Tj ET Q q 0 0 0 rg BT 211.07 293.00 Td (t) Tj ET Q q 0 0 0 rg BT 214.31 293.00 Td (e, w) Tj ET Q q 0 0 0 rg BT 231.10 293.00 Td (ould r) Tj ET Q q 0 0 0 rg BT 254.79 293.00 Td (esult in a liability tha) Tj ET Q q 0 0 0 rg BT 338.65 293.00 Td (t w) Tj ET Q q 0 0 0 rg BT 351.32 293.00 Td (ould ha) Tj ET Q q 0 0 0 rg BT 381.53 293.00 Td (v) Tj ET Q q 0 0 0 rg BT 385.95 293.00 Td (e a signific) Tj ET Q q 0 0 0 rg BT 428.19 293.00 Td (an) Tj ET Q q 0 0 0 rg BT 438.14 293.00 Td (t adv) Tj ET Q q 0 0 0 rg BT 458.22 293.00 Td (er) Tj ET Q q 0 0 0 rg BT 466.51 293.00 Td (se e) Tj ET Q q 0 0 0 rg BT 482.54 293.00 Td (f) Tj ET Q q 0 0 0 rg BT 485.50 293.00 Td (f) Tj ET Q q 0 0 0 rg BT 488.30 293.00 Td (ect on the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 281.00 Td (financial position of the Compan) Tj ET Q q 0 0 0 rg BT 203.81 281.00 Td (y) Tj ET Q q 0 0 0 rg BT 207.68 281.00 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 263.00 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 72.00 263.00 Td (The Compan) Tj ET Q q 0 0 0 rg BT 123.07 263.00 Td (y is c) Tj ET Q q 0 0 0 rg BT 142.47 263.00 Td (on) Tj ET Q q 0 0 0 rg BT 152.90 263.00 Td (ting) Tj ET Q q 0 0 0 rg BT 168.43 263.00 Td (en) Tj ET Q q 0 0 0 rg BT 178.56 263.00 Td (tly liable, join) Tj ET Q q 0 0 0 rg BT 232.78 263.00 Td (tly and se) Tj ET Q q 0 0 0 rg BT 271.60 263.00 Td (v) Tj ET Q q 0 0 0 rg BT 276.02 263.00 Td (er) Tj ET Q q 0 0 0 rg BT 284.28 263.00 Td (ally) Tj ET Q q 0 0 0 rg BT 297.47 263.00 Td (, f) Tj ET Q q 0 0 0 rg BT 305.07 263.00 Td (or appr) Tj ET Q q 0 0 0 rg BT 334.71 263.00 Td (o) Tj ET Q q 0 0 0 rg BT 339.79 263.00 Td (xima) Tj ET Q q 0 0 0 rg BT 359.10 263.00 Td (t) Tj ET Q q 0 0 0 rg BT 362.35 263.00 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.40 263.00 Td ($59.6 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.16 263.00 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 434.45 263.00 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 513.91 263.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 251.00 Td ($60.0 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 124.75 251.00 Td (\) t) Tj ET Q q 0 0 0 rg BT 133.30 251.00 Td (o v) Tj ET Q q 0 0 0 rg BT 145.20 251.00 Td (arious lender) Tj ET Q q 0 0 0 rg BT 198.54 251.00 Td (s in c) Tj ET Q q 0 0 0 rg BT 218.67 251.00 Td (onnection with cert) Tj ET Q q 0 0 0 rg BT 298.31 251.00 Td (ain oblig) Tj ET Q q 0 0 0 rg BT 332.55 251.00 Td (a) Tj ET Q q 0 0 0 rg BT 337.25 251.00 Td (tions, including loans adv) Tj ET Q q 0 0 0 rg BT 439.38 251.00 Td (anced t) Tj ET Q q 0 0 0 rg BT 469.40 251.00 Td (o its join) Tj ET Q q 0 0 0 rg BT 503.87 251.00 Td (t ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 239.00 Td (arr) Tj ET Q q 0 0 0 rg BT 83.56 239.00 Td (ang) Tj ET Q q 0 0 0 rg BT 98.23 239.00 Td (emen) Tj ET Q q 0 0 0 rg BT 121.33 239.00 Td (t partner) Tj ET Q q 0 0 0 rg BT 157.36 239.00 Td (s secur) Tj ET Q q 0 0 0 rg BT 185.26 239.00 Td (ed b) Tj ET Q q 0 0 0 rg BT 202.95 239.00 Td (y the partner) Tj ET Q q 0 0 0 rg BT 256.00 239.00 Td (s in) Tj ET Q q 0 0 0 rg BT 272.13 239.00 Td (t) Tj ET Q q 0 0 0 rg BT 275.37 239.00 Td (er) Tj ET Q q 0 0 0 rg BT 283.70 239.00 Td (es) Tj ET Q q 0 0 0 rg BT 292.47 239.00 Td (t in the join) Tj ET Q q 0 0 0 rg BT 338.86 239.00 Td (t arr) Tj ET Q q 0 0 0 rg BT 356.02 239.00 Td (ang) Tj ET Q q 0 0 0 rg BT 370.69 239.00 Td (emen) Tj ET Q q 0 0 0 rg BT 393.79 239.00 Td (ts and underlying asse) Tj ET Q q 0 0 0 rg BT 483.97 239.00 Td (ts.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 221.00 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 72.00 221.00 Td (The Compan) Tj ET Q q 0 0 0 rg BT 123.07 221.00 Td (y is c) Tj ET Q q 0 0 0 rg BT 142.47 221.00 Td (on) Tj ET Q q 0 0 0 rg BT 152.90 221.00 Td (ting) Tj ET Q q 0 0 0 rg BT 168.43 221.00 Td (en) Tj ET Q q 0 0 0 rg BT 178.56 221.00 Td (tly liable b) Tj ET Q q 0 0 0 rg BT 220.36 221.00 Td (y w) Tj ET Q q 0 0 0 rg BT 234.19 221.00 Td (a) Tj ET Q q 0 0 0 rg BT 238.79 221.00 Td (y of le) Tj ET Q q 0 0 0 rg BT 263.38 221.00 Td (t) Tj ET Q q 0 0 0 rg BT 266.59 221.00 Td (t) Tj ET Q q 0 0 0 rg BT 269.83 221.00 Td (er) Tj ET Q q 0 0 0 rg BT 278.12 221.00 Td (s of cr) Tj ET Q q 0 0 0 rg BT 302.46 221.00 Td (edit in the amoun) Tj ET Q q 0 0 0 rg BT 374.71 221.00 Td (t of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 390.91 221.00 Td ($38.6 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.67 221.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 209.00 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 75.03 209.00 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 154.50 209.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 164.00 209.00 Td ($43.4 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 216.75 209.00 Td (\), issued b) Tj ET Q q 0 0 0 rg BT 257.61 209.00 Td (y financial ins) Tj ET Q q 0 0 0 rg BT 312.25 209.00 Td (titutions on the Compan) Tj ET Q q 0 0 0 rg BT 411.18 209.00 Td (y's behalf in the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 197.00 Td (or) Tj ET Q q 0 0 0 rg BT 80.62 197.00 Td (dinar) Tj ET Q q 0 0 0 rg BT 101.75 197.00 Td (y c) Tj ET Q q 0 0 0 rg BT 112.68 197.00 Td (our) Tj ET Q q 0 0 0 rg BT 126.53 197.00 Td (se of business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 179.00 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 72.00 179.00 Td (The Compan) Tj ET Q q 0 0 0 rg BT 123.07 179.00 Td (y has oblig) Tj ET Q q 0 0 0 rg BT 165.71 179.00 Td (a) Tj ET Q q 0 0 0 rg BT 170.41 179.00 Td (tions as lessee under long-t) Tj ET Q q 0 0 0 rg BT 281.34 179.00 Td (erm finance leases f) Tj ET Q q 0 0 0 rg BT 362.12 179.00 Td (or land. Annual c) Tj ET Q q 0 0 0 rg BT 430.55 179.00 Td (ommitmen) Tj ET Q q 0 0 0 rg BT 475.57 179.00 Td (ts under ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 167.00 Td (these gr) Tj ET Q q 0 0 0 rg BT 104.76 167.00 Td (ound leases ar) Tj ET Q q 0 0 0 rg BT 163.32 167.00 Td (e appr) Tj ET Q q 0 0 0 rg BT 189.18 167.00 Td (o) Tj ET Q q 0 0 0 rg BT 194.26 167.00 Td (xima) Tj ET Q q 0 0 0 rg BT 213.57 167.00 Td (t) Tj ET Q q 0 0 0 rg BT 216.81 167.00 Td (ely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.87 167.00 Td ($1.0 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.55 167.00 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 283.85 167.00 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 363.31 167.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 372.81 167.00 Td ($1.0 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.50 167.00 Td (\) with a t) Tj ET Q q 0 0 0 rg BT 456.40 167.00 Td (ot) Tj ET Q q 0 0 0 rg BT 464.90 167.00 Td (al oblig) Tj ET Q q 0 0 0 rg BT 493.88 167.00 Td (a) Tj ET Q q 0 0 0 rg BT 498.58 167.00 Td (tion of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 155.00 Td ($23.3 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 124.75 155.00 Td ( \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 130.05 155.00 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 209.51 155.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 219.01 155.00 Td ($23.5 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 271.77 155.00 Td (\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 137.00 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 72.00 137.00 Td (In tw) Tj ET Q q 0 0 0 rg BT 92.44 137.00 Td (o of the Compan) Tj ET Q q 0 0 0 rg BT 160.11 137.00 Td (y) Tj ET Q q 0 0 0 rg BT 164.93 137.00 Td () Tj ET Q q 0 0 0 rg BT 166.82 137.00 Td (s shopping cen) Tj ET Q q 0 0 0 rg BT 226.82 137.00 Td (tr) Tj ET Q q 0 0 0 rg BT 233.52 137.00 Td (es, the gr) Tj ET Q q 0 0 0 rg BT 271.04 137.00 Td (ocer) Tj ET Q q 0 0 0 rg BT 289.05 137.00 Td (y s) Tj ET Q q 0 0 0 rg BT 299.64 137.00 Td (t) Tj ET Q q 0 0 0 rg BT 302.89 137.00 Td (or) Tj ET Q q 0 0 0 rg BT 311.52 137.00 Td (e anchor t) Tj ET Q q 0 0 0 rg BT 352.54 137.00 Td (enan) Tj ET Q q 0 0 0 rg BT 372.72 137.00 Td (t has a righ) Tj ET Q q 0 0 0 rg BT 417.25 137.00 Td (t t) Tj ET Q q 0 0 0 rg BT 426.11 137.00 Td (o pur) Tj ET Q q 0 0 0 rg BT 447.49 137.00 Td (chase its pr) Tj ET Q q 0 0 0 rg BT 493.34 137.00 Td (emises on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 125.00 Td (t) Tj ET Q q 0 0 0 rg BT 75.24 125.00 Td (erms tha) Tj ET Q q 0 0 0 rg BT 111.17 125.00 Td (t ar) Tj ET Q q 0 0 0 rg BT 124.92 125.00 Td (e pot) Tj ET Q q 0 0 0 rg BT 145.93 125.00 Td (en) Tj ET Q q 0 0 0 rg BT 156.06 125.00 Td (tially f) Tj ET Q q 0 0 0 rg BT 180.73 125.00 Td (a) Tj ET Q q 0 0 0 rg BT 185.35 125.00 Td (v) Tj ET Q q 0 0 0 rg BT 189.78 125.00 Td (our) Tj ET Q q 0 0 0 rg BT 203.59 125.00 Td (able t) Tj ET Q q 0 0 0 rg BT 226.41 125.00 Td (o each such t) Tj ET Q q 0 0 0 rg BT 279.61 125.00 Td (enan) Tj ET Q q 0 0 0 rg BT 299.79 125.00 Td (t. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 107.00 Td (\(f) Tj ET Q q 0 0 0 rg BT 60.23 107.00 Td (\) ) Tj ET Q q 0 0 0 rg BT 72.00 107.00 Td (As of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 94.54 107.00 Td (Mar) Tj ET Q q 0 0 0 rg BT 111.22 107.00 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 158.13 107.00 Td (, the Compan) Tj ET Q q 0 0 0 rg BT 212.43 107.00 Td (y had outs) Tj ET Q q 0 0 0 rg BT 254.46 107.00 Td (t) Tj ET Q q 0 0 0 rg BT 257.68 107.00 Td (anding c) Tj ET Q q 0 0 0 rg BT 291.64 107.00 Td (ommitmen) Tj ET Q q 0 0 0 rg BT 336.66 107.00 Td (ts t) Tj ET Q q 0 0 0 rg BT 349.44 107.00 Td (o pur) Tj ET Q q 0 0 0 rg BT 370.82 107.00 Td (chase ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 396.24 107.00 Td (thr) Tj ET Q q 0 0 0 rg BT 408.20 107.00 Td (ee) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.15 107.00 Td ( pr) Tj ET Q q 0 0 0 rg BT 428.99 107.00 Td (operties f) Tj ET Q q 0 0 0 rg BT 467.61 107.00 Td (or an ag) Tj ET Q q 0 0 0 rg BT 500.53 107.00 Td (gr) Tj ET Q q 0 0 0 rg BT 508.59 107.00 Td (eg) Tj ET Q q 0 0 0 rg BT 518.08 107.00 Td (a) Tj ET Q q 0 0 0 rg BT 522.78 107.00 Td (t) Tj ET Q q 0 0 0 rg BT 526.02 107.00 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 95.00 Td (amoun) Tj ET Q q 0 0 0 rg BT 100.47 95.00 Td (t of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.66 95.00 Td ($19.3 million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 169.42 95.00 Td (, subject t) Tj ET Q q 0 0 0 rg BT 209.05 95.00 Td (o cus) Tj ET Q q 0 0 0 rg BT 229.87 95.00 Td (t) Tj ET Q q 0 0 0 rg BT 233.12 95.00 Td (omar) Tj ET Q q 0 0 0 rg BT 254.71 95.00 Td (y closing c) Tj ET Q q 0 0 0 rg BT 295.86 95.00 Td (onditions.) Tj ET Q endstream endobj 195 0 obj <> endobj 196 0 obj <> stream 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 57 m 75.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 75.5 57 m 529.5 57 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.5 57 m 556.5 57 l s BT /F3 6.00 Tf ET q 0 0 0 rg BT 399.30 46.00 Td (FIRST CAPITAL REALTY FIRST QUARTER REPORT 2014) Tj ET Q BT /F3 6.00 Tf ET q 0 0 0 rg BT 546.90 46.00 Td (96) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 694.50 Td (\() Tj ET Q q 0 0 0 rg BT 57.08 694.50 Td (g\) ) Tj ET Q q 0 0 0 rg BT 72.00 694.50 Td (The Compan) Tj ET Q q 0 0 0 rg BT 123.07 694.50 Td (y has a c) Tj ET Q q 0 0 0 rg BT 157.27 694.50 Td (all op) Tj ET Q q 0 0 0 rg BT 179.39 694.50 Td (tion, which e) Tj ET Q q 0 0 0 rg BT 231.58 694.50 Td (xpir) Tj ET Q q 0 0 0 rg BT 246.82 694.50 Td (es in Oct) Tj ET Q q 0 0 0 rg BT 281.88 694.50 Td (ober 2022, t) Tj ET Q q 0 0 0 rg BT 331.41 694.50 Td (o pur) Tj ET Q q 0 0 0 rg BT 352.79 694.50 Td (chase an adjacen) Tj ET Q q 0 0 0 rg BT 422.11 694.50 Td (t pr) Tj ET Q q 0 0 0 rg BT 436.30 694.50 Td (operty) Tj ET Q q 0 0 0 rg BT 462.50 694.50 Td (. A) Tj ET Q q 0 0 0 rg BT 475.08 694.50 Td (t the same time, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 682.50 Td (ther) Tj ET Q q 0 0 0 rg BT 88.93 682.50 Td (e is a put op) Tj ET Q q 0 0 0 rg BT 138.29 682.50 Td (tion on the pr) Tj ET Q q 0 0 0 rg BT 193.93 682.50 Td (operty b) Tj ET Q q 0 0 0 rg BT 228.26 682.50 Td (y the o) Tj ET Q q 0 0 0 rg BT 256.12 682.50 Td (wner tha) Tj ET Q q 0 0 0 rg BT 292.55 682.50 Td (t is e) Tj ET Q q 0 0 0 rg BT 311.45 682.50 Td (x) Tj ET Q q 0 0 0 rg BT 315.52 682.50 Td (er) Tj ET Q q 0 0 0 rg BT 323.83 682.50 Td (cisable be) Tj ET Q q 0 0 0 rg BT 364.02 682.50 Td (tw) Tj ET Q q 0 0 0 rg BT 374.43 682.50 Td (een Oct) Tj ET Q q 0 0 0 rg BT 405.99 682.50 Td (ober 2015 and Oct) Tj ET Q q 0 0 0 rg BT 481.44 682.50 Td (ober 2022.) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 54.00 656.70 Td (29) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 68.19 656.70 Td (. RELA) Tj ET Q q 0 0 0 rg BT 103.12 656.70 Td (TED P) Tj ET Q q 0 0 0 rg BT 135.37 656.70 Td (AR) Tj ET Q q 0 0 0 rg BT 151.60 656.70 Td (TY TRANS) Tj ET Q q 0 0 0 rg BT 207.93 656.70 Td (A) Tj ET Q q 0 0 0 rg BT 216.25 656.70 Td (C) Tj ET Q q 0 0 0 rg BT 223.73 656.70 Td (TIONS) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 54.00 629.85 Td (\(a\) Major Shar) Tj ET Q q 0 0 0 rg BT 125.19 629.85 Td (eholder) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 614.85 Td (Gazit) Tj ET Q q 0 0 0 rg BT 74.39 614.85 Td (-Globe L) Tj ET Q q 0 0 0 rg BT 107.83 614.85 Td (t) Tj ET Q q 0 0 0 rg BT 111.07 614.85 Td (d. \() Tj ET Q q 0 0 0 rg BT 128.15 614.85 Td (Gazit) Tj ET Q q 0 0 0 rg BT 149.19 614.85 Td (\) is the principal shar) Tj ET Q q 0 0 0 rg BT 237.70 614.85 Td (eholder of the Compan) Tj ET Q q 0 0 0 rg BT 331.60 614.85 Td (y and, as of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.99 614.85 Td (Mar) Tj ET Q q 0 0 0 rg BT 396.67 614.85 Td (ch31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.58 614.85 Td (, bene) Tj ET Q q 0 0 0 rg BT 468.71 614.85 Td (ficially o) Tj ET Q q 0 0 0 rg BT 501.98 614.85 Td (wns ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 520.55 614.85 Td (45.1%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 545.43 614.85 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 602.85 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 57.03 602.85 Td (December31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 136.50 602.85 Td ( 45.3%\) of the c) Tj ET Q q 0 0 0 rg BT 206.74 602.85 Td (ommon shar) Tj ET Q q 0 0 0 rg BT 258.09 602.85 Td (es of the Compan) Tj ET Q q 0 0 0 rg BT 329.37 602.85 Td (y) Tj ET Q q 0 0 0 rg BT 333.23 602.85 Td (. 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