v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 95,995 $ 84,716
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 100,341 106,915
Gain on sale of real estate (36,006) (49,695)
Loss (gain) on extinguishment of debt 212 (323)
Amortization of deferred financing costs and premiums/discounts on debt obligations 4,601 4,184
Amortization of above and below market leases, net (9,920) (12,467)
Amortization of Lease Incentive 283 294
Noncash lease expense 4,896 5,005
Straight-lining of rent (863) (1,870)
Share-based compensation expense 9,495 8,999
Rental revenue deemed uncollectible 3,199 2,027
Change in operating assets and liabilities:    
Tenant and other receivables 1,586 (5,581)
Deferred leasing costs (3,200) (6,816)
Prepaid expenses and other assets 2,687 902
Lease liabilities (4,686) (4,765)
Accounts payable, accrued expenses and other liabilities 2,463 209
Net cash provided by operating activities 171,083 131,734
CASH FLOWS FROM INVESTING ACTIVITIES    
Real estate development and capital improvements (106,986) (74,122)
Acquisitions of real estate (105,842) (1,500)
Acquisitions of leasehold interest (10,675) 0
Proceeds from sale of real estate 26,416 64,474
Net cash used in investing activities (197,087) (11,148)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from mortgage loan borrowings 62,500 123,600
Borrowings from unsecured line of credit 95,000 75,000
Contributions from noncontrolling interests 1,516 716
Costs related to the issuance of common shares (152) (410)
Taxes withheld for vested restricted shares (281) (273)
Distributions to redeemable noncontrolling interests (5,237) (4,122)
Debt issuance costs (8,208) (2,776)
Debt repayments (32,406) (186,526)
Dividends to common shareholders (79,418) (71,641)
Net cash provided by (used in) financing activities 33,314 (66,432)
Net increase in cash and cash equivalents and restricted cash 7,310 54,154
Cash and cash equivalents and restricted cash at beginning of period 78,865 90,640
Cash and cash equivalents and restricted cash at end of period 86,175 144,794
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest, net of amounts capitalized of $11,634 and $9,160, respectively 53,533 54,441
Cash payments for income taxes 633 731
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Debt assumed by buyer in connection with disposition of real estate 30,000 0
Accrued capital expenditures included in accounts payable and accrued expenses 18,771 21,559
Write-off of fully depreciated assets 11,778 38,595
Issuance of LTIP Units 3,893 5,470
Issuance of note receivable used as capital contribution from noncontrolling interests 3,791 0
Cash and cash equivalents at beginning of period 48,881 41,373
Cash and cash equivalents at end of period 62,644 77,796
Restricted cash at beginning of period 29,984 49,267
Restricted cash at end of period 23,531 66,998
Cash and cash equivalents and restricted cash at beginning/end of period 86,175 144,794
Urban Edge Properties LP    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 95,995 84,716
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 100,341 106,915
Gain on sale of real estate (36,006) (49,695)
Loss (gain) on extinguishment of debt 212 (323)
Amortization of deferred financing costs and premiums/discounts on debt obligations 4,601 4,184
Amortization of above and below market leases, net (9,920) (12,467)
Amortization of Lease Incentive 283 294
Noncash lease expense 4,896 5,005
Straight-lining of rent (863) (1,870)
Share-based compensation expense 9,495 8,999
Rental revenue deemed uncollectible 3,199 2,027
Change in operating assets and liabilities:    
Tenant and other receivables 1,586 (5,581)
Deferred leasing costs (3,200) (6,816)
Prepaid expenses and other assets 2,687 902
Lease liabilities (4,686) (4,765)
Accounts payable, accrued expenses and other liabilities 2,463 209
Net cash provided by operating activities 171,083 131,734
CASH FLOWS FROM INVESTING ACTIVITIES    
Real estate development and capital improvements (106,986) (74,122)
Acquisitions of real estate (105,842) (1,500)
Acquisitions of leasehold interest (10,675) 0
Proceeds from sale of real estate 26,416 64,474
Net cash used in investing activities (197,087) (11,148)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from mortgage loan borrowings 62,500 123,600
Borrowings from unsecured line of credit 95,000 75,000
Contributions from noncontrolling interests 1,516 716
Costs related to the issuance of common shares (152) (410)
Taxes withheld for vested restricted shares (281) (273)
Distributions to partners (84,655) (75,763)
Debt issuance costs (8,208) (2,776)
Debt repayments (32,406) (186,526)
Net cash provided by (used in) financing activities 33,314 (66,432)
Net increase in cash and cash equivalents and restricted cash 7,310 54,154
Cash and cash equivalents and restricted cash at beginning of period 78,865 90,640
Cash and cash equivalents and restricted cash at end of period 86,175 144,794
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest, net of amounts capitalized of $11,634 and $9,160, respectively 53,533 54,441
Cash payments for income taxes 633 731
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Debt assumed by buyer in connection with disposition of real estate 30,000 0
Accrued capital expenditures included in accounts payable and accrued expenses 18,771 21,559
Write-off of fully depreciated assets 11,778 38,595
Issuance of LTIP Units 3,893 5,470
Issuance of note receivable used as capital contribution from noncontrolling interests 3,791 0
Cash and cash equivalents at beginning of period 48,881 41,373
Cash and cash equivalents at end of period 62,644 77,796
Restricted cash at beginning of period 29,984 49,267
Restricted cash at end of period 23,531 66,998
Cash and cash equivalents and restricted cash at beginning/end of period $ 86,175 $ 144,794