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EARNINGS PER SHARE AND UNIT
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE AND UNIT EARNINGS PER SHARE AND UNIT
Urban Edge Earnings per Share
We calculate earnings per share (“EPS”) under the two-class method. The two-class method is an earnings allocation methodology whereby EPS for each class of Urban Edge common shares and participating securities is calculated according to dividends declared and participating rights in undistributed earnings. Restricted shares issued pursuant to our share-based compensation program are considered participating securities, and as such have non-forfeitable rights to receive dividends.
The computation of diluted EPS reflects potential dilution of securities by adding potential common shares, including stock options and unvested restricted shares, to the weighted average number of common shares outstanding for the period. The effect of the redemption of OP and vested LTIP Units is not reflected in the computation of basic EPS, as they are redeemable for common shares on a one-for-one basis. The income allocable to such units is allocated on this same basis and reflected as noncontrolling interests in the accompanying consolidated financial statements. The assumed redemption of OP and vested LTIP Units is included in the determination of diluted earnings per share when they have a dilutive effect on the calculation.
The following table sets forth the computation of our basic and diluted EPS:
Three Months Ended September 30,Nine Months Ended September 30,
(Amounts in thousands, except per share amounts)2026202520262025
Numerator:
Net income attributable to common shareholders$51,440 $14,935 $92,007 $81,111 
Less: earnings allocated to unvested participating securities(26)(9)(48)(51)
Net income available for common shareholders - basic$51,414 $14,926 $91,959 $81,060 
Impact of assumed conversions:
LTIP Units1,959 — 3,531 71 
Net income available for common shareholders - dilutive$53,373 $14,926 $95,490 $81,131 
Denominator:
Weighted average common shares outstanding - basic126,182 125,729 126,044 125,643 
Effect of dilutive securities(1):
Restricted share awards64 74 67 81 
Assumed conversion of LTIP Units5,286 — 5,325 145 
Weighted average common shares outstanding - diluted131,532 125,803 131,436 125,869 
Earnings per share available to common shareholders:
Earnings per common share - Basic$0.41 $0.12 $0.73 $0.65 
Earnings per common share - Diluted$0.41 $0.12 $0.73 $0.64 
(1) For the three and nine months ended September 30, 2026 and 2025, the effect of the redemption of certain OP and LTIP Units for Urban Edge common shares would have an anti-dilutive effect on the calculation of diluted EPS. Accordingly, the impact of such redemptions has not been included in the determination of diluted EPS for these periods.

Operating Partnership Earnings per Unit
The following table sets forth the computation of basic and diluted earnings per unit:
Three Months Ended September 30,Nine Months Ended September 30,
(Amounts in thousands, except per unit amounts)2026202520262025
Numerator:
Net income attributable to unitholders$54,036 $15,771 $96,710 $85,437 
Less: net income attributable to participating securities(386)(325)(1,161)(1,003)
Net income available for unitholders$53,650 $15,446 $95,549 $84,434 
Denominator:
Weighted average units outstanding - basic131,428 130,591 131,271 130,396 
Effect of dilutive securities issued by Urban Edge104 74 165 225 
Weighted average units outstanding - diluted131,532 130,665 131,436 130,621 
Earnings per unit available to unitholders:
Earnings per unit - Basic$0.41 $0.12 $0.73 $0.65 
Earnings per unit - Diluted$0.41 $0.12 $0.73 $0.65