v3.25.1
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Urban Edge Properties LP
Urban Edge Properties LP
Accumulated Earnings (Deficit)
Urban Edge Properties LP
NCI in Consolidated Subsidiaries
Urban Edge Properties LP
General Partner
Urban Edge Properties LP
Limited Partners
Common Shares
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
Urban Edge Properties LP
Accumulated Earnings (Deficit)
Accumulated Earnings (Deficit)
Urban Edge Properties LP
Operating Partnership
NCI in Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 2023             117,652,656              
Beginning balance (in shares) at Dec. 31, 2023         117,652,656 5,659,781                
Beginning balance at Dec. 31, 2023 $ 1,221,428 $ 1,221,428 $ 143,157 $ 15,383 $ 1,013,117 $ 49,311 [1] $ 1,175 $ 1,011,942 $ 460 $ 460 $ 137,113   $ 55,355 $ 15,383
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) attributable to common shareholders/unitholders 2,603 2,721 2,721               2,603      
Net income (loss) attributable to NCI (158) (276)   (276)                 118 (276)
Other comprehensive loss 293 293             279 279   $ 14 14  
Common units issued as a result of common shares issued by Urban Edge (in shares)         1,141,221 928,122                
Common units issued as a result of common shares issued by Urban Edge   17,229 (23)   $ 17,252                  
Units redeemed for common shares (in shares)         32,333 (32,333) 32,333              
Units redeemed for common shares 608 608     $ 304 $ 304 [1]   304         304  
Reallocation of NCI (608) (608)     (6,819) 6,211 [1]   (6,819)         6,211  
Common shares issued (in shares)             1,141,221              
Common shares issued, net 17,229           $ 11 17,241     (23)      
Dividends to common shareholders (20,180)                   (20,180)      
Distributions to redeemable NCI (1,279)                       (1,279)  
Distributions to Partners   (21,459) (21,459)                      
Share-based compensation expense 2,421 2,421     $ 237 2,184 [1]   237         2,184  
Issuance of LTIP Units 221 221       $ 221             221  
Share-based awards retained for taxes (in shares)         (11,117)   (11,117)              
Share-based awards retained for taxes (195) 195     $ 195     (195)            
Ending balance (in shares) at Mar. 31, 2024             118,815,093              
Ending balance (in shares) at Mar. 31, 2024         118,815,093 6,555,570                
Ending balance at Mar. 31, 2024 $ 1,222,383 $ 1,222,383 124,410 15,107 $ 1,023,896 $ 58,231 [1] $ 1,186 1,022,710 739 739 119,513   63,128 15,107
Beginning balance (in shares) at Dec. 31, 2024 125,450,684 125,450,684         125,450,684              
Beginning balance (in shares) at Dec. 31, 2024         125,450,684 6,386,837                
Beginning balance at Dec. 31, 2024 $ 1,361,724 $ 1,361,724 132,273 18,574 $ 1,151,234 $ 59,466 [2] $ 1,253 1,149,981 177 177 126,670   65,069 18,574
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) attributable to common shareholders/unitholders 8,198 8,630 8,630               8,198      
Net income (loss) attributable to NCI 184 (248)   (248)                 432 (248)
Other comprehensive loss (188) (188)             (179) (179)   $ (9) (9)  
Common units issued as a result of common shares issued by Urban Edge (in shares)         10,572 588,928                
Common units issued as a result of common shares issued by Urban Edge   5,398 (24)   $ 5,422                  
Units redeemed for common shares (in shares)         300,000 (300,000) 300,000              
Units redeemed for common shares 5,954 5,954     $ 2,977 $ 2,977 [2] $ 3 2,974         2,977  
Reallocation of NCI (5,954) (5,954)     (3,060) (2,894) [2]   (3,060)         (2,894)  
Common shares issued (in shares)             10,572              
Common shares issued, net 5,398             5,422     (24)      
Dividends to common shareholders (23,874)                   (23,874)      
Distributions to redeemable NCI (1,662)                       (1,662)  
Distributions to Partners   (25,536) (25,536)                      
Share-based compensation expense 2,707 2,707     51 2,656 [2]   51         2,656  
Issuance of LTIP Units 378 378     $ (315) $ 693   (315)         693  
Share-based awards retained for taxes (in shares)         (11,766)   (11,766)              
Share-based awards retained for taxes $ (273) $ (273)     $ (273)     (273)            
Ending balance (in shares) at Mar. 31, 2025 125,450,684 125,749,490         125,749,490              
Ending balance (in shares) at Mar. 31, 2025         125,749,490 6,675,765                
Ending balance at Mar. 31, 2025 $ 1,352,592 $ 1,352,592 $ 115,334 $ 18,326 $ 1,156,036 $ 62,898 [2] $ 1,256 $ 1,154,780 $ (2) $ (2) $ 110,970   $ 67,262 $ 18,326
[1] Limited partners have a 5.2% common limited partnership interest in the Operating Partnership as of March 31, 2024 in the form of Operating Partnership Units (“OP Units”) and Long-Term Incentive Plan Units (“LTIP Units”).
[2] Limited partners have a 5.0% common limited partnership interest in the Operating Partnership as of March 31, 2025 in the form of OP Units and LTIP Units.