v3.26.3
EARNINGS PER SHARE AND UNIT (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Numerator:        
Net income attributable to common shareholders/unitholders $ 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
LTIP Units 1,959 0 3,531 71
Net income available for common shareholders - dilutive $ 53,373 $ 14,926 $ 95,490 $ 81,131
Denominator:        
Weighted average common shares outstanding - basic (in shares) 126,182 125,729 126,044 125,643
Effect of dilutive securities:        
Assumed conversion of OP and LTIP units (in shares) 5,286 0 5,325 145
Weighted average common shares outstanding - diluted (in shares) 131,532 125,803 131,436 125,869
Earnings per share available to common shareholders:        
Earnings (loss) per common share - Basic (in dollars per share) $ 0.41 $ 0.12 $ 0.73 $ 0.65
Earnings (loss) per common share - Diluted (in dollars per share) $ 0.41 $ 0.12 $ 0.73 $ 0.64
Urban Edge Properties LP        
Numerator:        
Net income attributable to common shareholders/unitholders $ 54,036 $ 15,771 $ 96,710 $ 85,437
Less: earnings allocated to unvested participating securities (386) (325) (1,161) (1,003)
Net income available for common shareholders - basic $ 53,650 $ 15,446 $ 95,549 $ 84,434
Denominator:        
Weighted average common shares outstanding - basic (in shares) 131,428 130,591 131,271 130,396
Effect of dilutive securities:        
Stock options using treasure stock method and restricted stock awards (in shares) 104 74 165 225
Weighted average common shares outstanding - diluted (in shares) 131,532 130,665 131,436 130,621
Earnings per share available to common shareholders:        
Earnings (loss) per common share - Basic (in dollars per share) $ 0.41 $ 0.12 $ 0.73 $ 0.65
Earnings (loss) per common share - Diluted (in dollars per share) $ 0.41 $ 0.12 $ 0.73 $ 0.65
Restricted share expense        
Effect of dilutive securities:        
Stock options using treasure stock method and restricted stock awards (in shares) 64 74 67 81