v3.25.2
EARNINGS PER SHARE AND UNIT (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Numerator:        
Net income attributable to common shareholders/unitholders $ 57,978 $ 30,759 $ 66,176 $ 33,362
Less: earnings allocated to unvested participating securities (36) (29) (42) (31)
Net income available for common shareholders - basic 57,942 30,730 66,134 33,331
OP and LTIP Units 21 10 53 0
Net income available for common shareholders - dilutive $ 57,963 $ 30,740 $ 66,187 $ 33,331
Denominator:        
Weighted average common shares outstanding - basic (in shares) 125,688 118,859 125,601 118,466
Effect of dilutive securities:        
Stock options using the treasury stock method (in shares) 0 0 84 0
Weighted average common shares outstanding - diluted (in shares) 125,766 118,971 125,780 118,575
Earnings per share available to common shareholders:        
Earnings (loss) per common share - Basic (in dollars per share) $ 0.46 $ 0.26 $ 0.53 $ 0.28
Earnings (loss) per common share - Diluted (in dollars per share) $ 0.46 $ 0.26 $ 0.53 $ 0.28
Urban Edge Properties LP        
Numerator:        
Net income attributable to common shareholders/unitholders $ 61,036 $ 32,498 $ 69,666 $ 35,219
Less: earnings allocated to unvested participating securities (319) (29) (678) (31)
Net income available for common shareholders - basic $ 60,717 $ 32,469 $ 68,988 $ 35,188
Denominator:        
Weighted average common shares outstanding - basic (in shares) 130,474 123,572 130,297 123,109
Effect of dilutive securities:        
Stock options using treasure stock method and restricted stock awards (in shares) 149 112 179 109
Assumed conversion of OP and LTIP units (in shares) 0 201 0 0
Weighted average common shares outstanding - diluted (in shares) 130,623 123,885 130,476 123,218
Earnings per share available to common shareholders:        
Earnings (loss) per common share - Basic (in dollars per share) $ 0.47 $ 0.26 $ 0.53 $ 0.29
Earnings (loss) per common share - Diluted (in dollars per share) $ 0.46 $ 0.26 $ 0.53 $ 0.29
Restricted share expense        
Effect of dilutive securities:        
Stock options using treasure stock method and restricted stock awards (in shares) 78 112 95 109