v3.25.2
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 (Loss)
Accumulated Other Comprehensive Income (Loss)
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 33,362 35,219 35,219               33,362      
Net income (loss) attributable to NCI 1,107 (750)   (750)                 1,857 (750)
Other comprehensive loss 240 240             229 229   $ 11 11  
Common units issued as a result of common shares issued by Urban Edge (in shares)         2,763,639 1,101,680                
Common units issued as a result of common shares issued by Urban Edge   46,167 (46)   $ 46,213                  
Units redeemed for common shares (in shares)         38,833 (38,833) 38,833              
Units redeemed for common shares 736 736     $ 368 $ 368 [1]   368         368  
Reallocation of NCI (736) (736)     (6,581) 5,845 [1]   (6,581)         5,845  
Common shares issued (in shares)             2,763,639              
Adjustments to Additional Paid in Capital, Common Shares Issued 46,167           $ 28 46,185     (46)      
Dividends to common shareholders (40,396)                   (40,396)      
Distributions to redeemable NCI (2,336)                       (2,336)  
Contributions from noncontrolling interests 901 901   901                   901
Distributions to Partners   (42,732) (42,732)                      
Share-based compensation expense 4,863 4,863     $ 480 4,383 [1]   480         4,383  
Issuance of LTIP Units 609 609       $ 609 [2]             609  
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 Jun. 30, 2024             120,444,011              
Ending balance (in shares) at Jun. 30, 2024         120,444,011 6,722,628                
Ending balance at Jun. 30, 2024 1,265,750 1,265,750 135,609 15,534 $ 1,053,402 $ 60,516 [1],[3] $ 1,203 1,052,199 689 689 130,033   66,092 15,534
Beginning balance (in shares) at Mar. 31, 2024             118,815,093              
Beginning balance (in shares) at Mar. 31, 2024         118,815,093 6,555,570                
Beginning balance at Mar. 31, 2024 1,222,383 1,222,383 124,410 15,107 $ 1,023,896 $ 58,231 [3] $ 1,186 1,022,710 739 739 119,513   63,128 15,107
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) attributable to common shareholders/unitholders 30,759 32,498 32,498               30,759      
Net income (loss) attributable to NCI 1,265 (474)   (474)                 1,739 (474)
Other comprehensive loss (53) (53)             (50) (50)   (3) (3)  
Common units issued as a result of common shares issued by Urban Edge (in shares)         1,622,418 173,558                
Common units issued as a result of common shares issued by Urban Edge   28,938 (23)   $ 28,961                  
Units redeemed for common shares (in shares)         6,500 (6,500) 6,500              
Units redeemed for common shares 128 128     $ 64 $ 64 [3]   64         64  
Reallocation of NCI (128) (128)     238 (366) [3]   238         (366)  
Common shares issued (in shares)             1,622,418              
Adjustments to Additional Paid in Capital, Common Shares Issued 28,938           $ 17 28,944     (23)      
Dividends to common shareholders (20,216)                   (20,216)      
Distributions to redeemable NCI (1,057)                       (1,057)  
Contributions from noncontrolling interests 901 901                       901
Distributions to Partners   (21,273) (21,273)                      
Share-based compensation expense 2,442 2,442     $ 243 2,199 [3]   243         2,199  
Issuance of LTIP Units 388 388       $ 388             388  
Ending balance (in shares) at Jun. 30, 2024             120,444,011              
Ending balance (in shares) at Jun. 30, 2024         120,444,011 6,722,628                
Ending balance at Jun. 30, 2024 $ 1,265,750 $ 1,265,750 135,609 15,534 $ 1,053,402 $ 60,516 [1],[3] $ 1,203 1,052,199 689 689 130,033   66,092 15,534
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 66,176 69,666 69,666               66,176      
Net income (loss) attributable to NCI 2,999 (491)   (491)                 3,490 (491)
Other comprehensive loss (386) (386)             (367) (367)   (19) (19)  
Common units issued as a result of common shares issued by Urban Edge (in shares)         21,253 554,997                
Common units issued as a result of common shares issued by Urban Edge   5,485 (48)   $ 5,533                  
Units redeemed for common shares (in shares)         330,928 (330,928) 330,928              
Units redeemed for common shares 6,594 6,594     $ 3,297 $ 3,297 [2] $ 3 3,294         3,297  
Reallocation of NCI (6,594) (6,594)     2,229 (8,823) [2]   2,229         (8,823)  
Common shares issued (in shares)             21,253              
Adjustments to Additional Paid in Capital, Common Shares Issued 5,485             5,533     (48)      
Dividends to common shareholders (47,755)                   (47,755)      
Distributions to redeemable NCI (2,893)                       (2,893)  
Contributions from noncontrolling interests 204 204   204                   204
Distributions to Partners   (50,648) (50,648)                      
Share-based compensation expense 6,273 6,273     238 6,035 [2]   238         6,035  
Issuance of LTIP Units 1,050 1,050     $ (1,414) [2] $ 2,464 [2]   (1,414)         2,464  
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 Jun. 30, 2025 125,450,684 125,791,099         125,791,099              
Ending balance (in shares) at Jun. 30, 2025         125,791,099 6,610,906                
Ending balance at Jun. 30, 2025 $ 1,392,604 $ 1,392,604 151,224 18,287 $ 1,160,844 $ 62,439 [2] $ 1,256 1,159,588 (190) (190) 145,043   68,620 18,287
Beginning balance (in shares) at Mar. 31, 2025             125,749,490              
Beginning balance (in shares) at Mar. 31, 2025         125,749,490 6,675,765                
Beginning balance at Mar. 31, 2025 1,352,592 1,352,592 115,334 18,326 $ 1,156,036 $ 62,898 [4] $ 1,256 1,154,780 (2) (2) 110,970   67,262 18,326
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) attributable to common shareholders/unitholders 57,978 61,036 61,036               57,978      
Net income (loss) attributable to NCI 2,815 (243)   (243)                 3,058 (243)
Other comprehensive loss (198) (198)             (188) (188)   $ (10) (10)  
Common units issued as a result of common shares issued by Urban Edge (in shares)         10,681 (33,931)                
Common units issued as a result of common shares issued by Urban Edge   87 (24)   $ 111                  
Units redeemed for common shares (in shares)         30,928 (30,928) 30,928              
Units redeemed for common shares 640 640     $ 320 $ 320 [4]   320         320  
Reallocation of NCI (640) (640)     5,289 (5,929) [4]   5,289         (5,929)  
Common shares issued (in shares)             10,681              
Adjustments to Additional Paid in Capital, Common Shares Issued 87             111     (24)      
Dividends to common shareholders (23,881)                   (23,881)      
Distributions to redeemable NCI (1,231)                       (1,231)  
Contributions from noncontrolling interests 204 204   204                   204
Distributions to Partners   (25,112) (25,112)                      
Share-based compensation expense 3,566 3,566     187 3,379 [4]   187         3,379  
Issuance of LTIP Units $ 672 $ 672     $ (1,099) $ 1,771   (1,099)         1,771  
Ending balance (in shares) at Jun. 30, 2025 125,450,684 125,791,099         125,791,099              
Ending balance (in shares) at Jun. 30, 2025         125,791,099 6,610,906                
Ending balance at Jun. 30, 2025 $ 1,392,604 $ 1,392,604 $ 151,224 $ 18,287 $ 1,160,844 $ 62,439 [2] $ 1,256 $ 1,159,588 $ (190) $ (190) $ 145,043   $ 68,620 $ 18,287
[1] Limited partners have a 5.3% common limited partnership interest in the Operating Partnership as of June 30, 2024 in the form of OP Units and LTIP Units.
[2] Limited partners have a 5.0% common limited partnership interest in the Operating Partnership as of June 30, 2025 in the form of OP Units and LTIP Units.
[3] Limited partners have a 5.3% common limited partnership interest in the Operating Partnership as of June 30, 2024 in the form of Operating Partnership Units (“OP Units”) and Long-Term Incentive Plan Units (“LTIP Units”).
[4] Limited partners have a 5.0% common limited partnership interest in the Operating Partnership as of June 30, 2025 in the form of OP Units and LTIP Units.