v3.25.4
CONSOLIDATED BALANCE SHEETS (UELP) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Real estate, at cost:        
Land $ 669,078 $ 660,198    
Buildings and improvements 2,835,540 2,791,728    
Construction in progress 327,413 289,057    
Furniture, fixtures and equipment 13,059 11,296    
Total 3,845,090 3,752,279    
Accumulated depreciation and amortization (935,548) (886,886)    
Real estate, net 2,909,542 2,865,393    
Operating lease right-of-use assets 58,917 65,491    
Cash and cash equivalents 48,881 41,373 $ 101,123 $ 85,518
Restricted cash 29,984 49,267 73,125 43,256
Tenant and other receivables 26,658 20,672    
Receivables arising from the straight-lining of rents 63,842 61,164    
Identified intangible assets, net of accumulated amortization of $70,514 and $65,027, respectively 87,591 109,827    
Deferred leasing costs, net of accumulated amortization of $21,982 and $22,488, respectively 31,220 27,799    
Prepaid expenses and other assets 55,236 70,554    
Assets 3,311,871 3,311,540    
Liabilities:        
Mortgages payable, net 1,606,774 1,569,753    
Unsecured credit facility 0 50,000    
Operating lease liabilities 56,329 62,585    
Accounts payable, accrued expenses and other liabilities 97,397 89,982    
Identified intangible liabilities, net of accumulated amortization of $59,668 and $50,275, respectively 174,899 177,496    
Liabilities 1,935,399 1,949,816    
Commitments and contingencies (Note 10)    
Shareholders’ equity:        
Accumulated other comprehensive (loss) income (703) 177    
Accumulated earnings 124,566 126,670    
Noncontrolling interests:        
Consolidated subsidiaries 18,273 18,574    
Total equity 1,376,472 1,361,724 1,221,428 1,030,106
Total liabilities and equity 3,311,871 3,311,540    
Urban Edge Properties LP        
Real estate, at cost:        
Land 669,078 660,198    
Buildings and improvements 2,835,540 2,791,728    
Construction in progress 327,413 289,057    
Furniture, fixtures and equipment 13,059 11,296    
Total 3,845,090 3,752,279    
Accumulated depreciation and amortization (935,548) (886,886)    
Real estate, net 2,909,542 2,865,393    
Operating lease right-of-use assets 58,917 65,491    
Cash and cash equivalents 48,881 41,373 101,123 85,518
Restricted cash 29,984 49,267 73,125 43,256
Tenant and other receivables 26,658 20,672    
Receivables arising from the straight-lining of rents 63,842 61,164    
Identified intangible assets, net of accumulated amortization of $70,514 and $65,027, respectively 87,591 109,827    
Deferred leasing costs, net of accumulated amortization of $21,982 and $22,488, respectively 31,220 27,799    
Prepaid expenses and other assets 55,236 70,554    
Assets 3,311,871 3,311,540    
Liabilities:        
Mortgages payable, net 1,606,774 1,569,753    
Unsecured credit facility 0 50,000    
Operating lease liabilities 56,329 62,585    
Accounts payable, accrued expenses and other liabilities 97,397 89,982    
Identified intangible liabilities, net of accumulated amortization of $59,668 and $50,275, respectively 174,899 177,496    
Liabilities 1,935,399 1,949,816    
Commitments and contingencies (Note 10)    
Shareholders’ equity:        
General partner: 125,912,647 and 125,450,684 units outstanding, respectively 1,165,196 1,151,234    
Limited partners: 6,753,481 and 6,386,837 units outstanding, respectively 63,925 59,466    
Accumulated other comprehensive (loss) income (703) 177    
Accumulated earnings 129,781 132,273    
Total partners’ capital 1,358,199 1,343,150    
Noncontrolling interests:        
Consolidated subsidiaries 18,273 18,574    
Total equity 1,376,472 1,361,724 $ 1,221,428 $ 1,030,106
Total liabilities and equity $ 3,311,871 $ 3,311,540