v3.25.4
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
Total
Urban Edge Properties LP
Urban Edge Properties LP
Accumulated Earnings (Deficit)
Urban Edge Properties LP
Consolidated Subsidiaries
Urban Edge Properties LP
General Partner
Urban Edge Properties LP
Limited Partners
Common Shares
Additional Paid-In Capital
AOCI Attributable to Parent
AOCI Attributable to Parent
Urban Edge Properties LP
Accumulated Earnings (Deficit)
Accumulated Earnings (Deficit)
Urban Edge Properties LP
Operating Partnership
Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 2022         117,450,951 4,713,558 117,450,951              
Beginning balance at Dec. 31, 2022 $ 1,030,106,000 $ 1,030,106,000 $ (38,705,000) $ 13,906,000 $ 1,012,466,000 $ 41,810,000 [1] $ 1,173,000 $ 1,011,293,000 $ 629,000 $ 629,000 $ (36,104,000)   $ 39,209,000 $ 13,906,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income attributable to common shareholders 248,497,000 260,396,000 260,396,000               248,497,000      
Net income (loss) attributable to noncontrolling interests 11,379,000 (520,000)   (520,000)                 11,899,000 (520,000)
Other comprehensive income (loss) (179,000) (179,000)             (169,000) (169,000)   $ (10,000) (10,000)  
Common units issued as a result of common shares issued by Urban Edge (in shares)         139,342 1,016,223                
Common units issued as a result of common shares issued by Urban Edge   372,000 (88,000)   $ 460,000                  
Units redeemed for common shares/OP units (in shares)         70,000 (70,000) 70,000              
Units redeemed for common shares 1,145,000 1,145,000     $ 573,000 $ 572,000 [1] $ 1,000 572,000         572,000  
Reallocation of noncontrolling interests (1,145,000) (1,145,000)     (1,137,000) (8,000) [1]   (1,137,000)         (8,000)  
Distributions to Partners   (78,436,000) (78,436,000)                      
Common shares issued (in shares)             139,342              
Common shares issued, net 372,000           $ 1,000 459,000     (88,000)      
Dividends to common shareholders ($0.64 per share) (75,192,000)                   (75,192,000)      
Distributions to redeemable NCI ($0.64 per unit) (3,244,000)                       (3,244,000)  
Contributions from noncontrolling interests 1,997,000 1,997,000   1,997,000                   1,997,000
Share-based compensation expense 7,811,000 7,811,000 0   $ 874,000 $ 6,937,000 [1]   874,000         6,937,000  
Share-based awards retained for taxes (in shares)         (7,637)   (7,637)              
Share-based awards retained for taxes (119,000) (119,000)     $ (119,000)     (119,000)            
Ending balance (in shares) at Dec. 31, 2023         117,652,656 5,659,781 117,652,656              
Ending balance at Dec. 31, 2023 1,221,428,000 1,221,428,000 143,157,000 15,383,000 $ 1,013,117,000 $ 49,311,000 [1] $ 1,175,000 1,011,942,000 460,000 460,000 137,113,000   55,355,000 15,383,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income attributable to common shareholders 72,563,000 76,541,000 76,541,000               72,563,000      
Net income (loss) attributable to noncontrolling interests 2,879,000 (1,099,000)   (1,099,000)                 3,978,000 (1,099,000)
Other comprehensive income (loss) (301,000) (301,000)             (283,000) (283,000)   (18,000) (18,000)  
Common units issued as a result of common shares issued by Urban Edge (in shares)         7,507,562 1,028,639                
Common units issued as a result of common shares issued by Urban Edge   136,556,000 (91,000)   $ 136,647,000                  
Units redeemed for common shares/OP units (in shares)         301,583 (301,583) 301,583              
Units redeemed for common shares 5,884,000 5,884,000     $ 2,942,000 $ 2,942,000 [1] $ 3,000 2,939,000         2,942,000  
Reallocation of noncontrolling interests (5,884,000) (5,884,000)     (2,255,000) (3,629,000) [1]   (2,255,000)         (3,629,000)  
Distributions to Partners   (87,316,000) (87,316,000)                      
Common shares issued (in shares)             7,507,562              
Common shares issued, net 136,556,000           $ 75,000 136,572,000     (91,000)      
Dividends to common shareholders ($0.64 per share) (82,915,000)                   (82,915,000)      
Distributions to redeemable NCI ($0.64 per unit) (4,401,000)                       (4,401,000)  
Contributions from noncontrolling interests 4,290,000 4,290,000   4,290,000                   4,290,000
Issuance of LTIP units 1,389,000 1,389,000       1,389,000             1,389,000  
Share-based compensation expense 10,431,000 10,431,000     $ 978,000 $ 9,453,000 [1]   978,000         9,453,000  
Share-based awards retained for taxes (in shares)         (11,117)   (11,117)              
Share-based awards retained for taxes $ (195,000) (195,000)     $ (195,000)     (195,000)            
Ending balance (in shares) at Dec. 31, 2024 125,450,684       125,450,684 6,386,837 125,450,684              
Ending balance at Dec. 31, 2024 $ 1,361,724,000 1,361,724,000 132,273,000 18,574,000 $ 1,151,234,000 $ 59,466,000 [1] $ 1,253,000 1,149,981,000 177,000 177,000 126,670,000   65,069,000 18,574,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income attributable to common shareholders 93,535,000 98,527,000 98,527,000               93,535,000      
Net income (loss) attributable to noncontrolling interests 3,975,000 (1,017,000)   (1,017,000)                 4,992,000 (1,017,000)
Other comprehensive income (loss) (928,000) (928,000)             (880,000) (880,000)   $ (48,000) (48,000)  
Common units issued as a result of common shares issued by Urban Edge (in shares)         31,347                  
Common units issued as a result of common shares issued by Urban Edge   5,051,000 (97,000)   $ 5,148,000 $ 718,990                
Units redeemed for common shares/OP units (in shares)         442,382 (352,346) 442,382              
Units redeemed for common shares 8,933,000 8,933,000     $ 4,467,000 $ 4,466,000 [1] $ 4,000 4,463,000         4,466,000  
Reallocation of noncontrolling interests (8,933,000) (8,933,000)     6,236,000 (15,169,000) [1]   6,236,000         (15,169,000)  
Distributions to Partners   (100,874,000) (100,874,000)                      
Common shares issued (in shares)             31,347              
Common shares issued, net 5,051,000             5,148,000     (97,000)      
Dividends to common shareholders ($0.64 per share) (95,542,000)                   (95,542,000)      
Distributions to redeemable NCI ($0.64 per unit) (5,332,000)                       (5,332,000)  
Contributions from noncontrolling interests 716,000 716,000   716,000                   716,000
Issuance of LTIP units 1,723,000 1,723,000     (2,225,000) 3,948,000   (2,225,000)         3,948,000  
Share-based compensation expense 11,823,000 11,823,000     $ 609,000 $ 11,214,000 [1]   609,000         11,214,000  
Share-based awards retained for taxes (in shares)         (11,766)   (11,766)              
Share-based awards retained for taxes $ (273,000) (273,000)     $ (273,000)     (273,000)            
Ending balance (in shares) at Dec. 31, 2025 125,912,647       125,912,647 6,753,481 125,912,647              
Ending balance at Dec. 31, 2025 $ 1,376,472,000 $ 1,376,472,000 $ 129,781,000 $ 18,273,000 $ 1,165,196,000 $ 63,925,000 [1] $ 1,257,000 $ 1,163,939,000 $ (703,000) $ (703,000) $ 124,566,000   $ 69,140,000 $ 18,273,000
[1] Limited partners have a 5.1% common limited partnership interest in the Operating Partnership as of December 31, 2025 in the form of units of interest in the Operating Partnership (“OP Units”) and Long-Term Incentive Plan (“LTIP”) units.