Reconciliation of Non-GAAP Financial Measures Wholly-Owned NOI and Cash
NOI Industrial Office Industrial and Office Other Total Portfolio Revenue $15,945 $45,643 $61,588 $14,305 $75,893 Operating property expense (1,083) (5,071) (6,154) (3,203) (9,357) Property tax
expense (1,235) (2,940) (4,175) (1,890) (6,065) Management fees (non-affiliate) (63) (312) (375) (214) (589) 4Q22 NOI1 $13,564 $37,320 $50,884 $8,998 $59,882 Non-cash adjustments Straight line
rent (135) (4,784) (4,919) 264 (4,655) In-place lease amortization (93) (702) (795) (128) (923) Deferred termination income (36) – (36) (508) (544) Deferred ground lease – 433 433 – 433 Other intangible
amortization – 377 377 – 377 Inducement amortization – 79 79 – 79 4Q22 Cash NOI1 $13,300 $32,723 $46,023 $8,626 $54,649 4Q22 Dispositions2 – (3,960) (3,960) – (3,960) 1Q23
Dispositions3 (1,147) (2,079) (3,226) – (3,226) Cash NOI1 $12,153 $26,684 $38,837 $8,626 $47,463 LQA Cash NOI (Wholly-Owned)1 $48,612 $106,736 $155,348 $34,504 $189,852 Quarter Ended December 31, 2022 Notes: $ in
thousands. NOI is net of carrying costs for vacant assets. Adjustment for the sales of the State of AL office property and the 5 office properties sold to an investment group led by Workspace Property Trust in 4Q22. (3) Adjustment for the
sales of Fox Head industrial property, Renfro industrial property and Amazon (South Lake at Dulles) office property in January 2023, February 2023 and March 2023, respectively. 35