v3.26.3
CONSOLIDATED BALANCE SHEETS - UELP - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Dec. 31, 2024
Real estate, at cost:        
Land $ 686,497 $ 669,078    
Buildings and improvements 2,905,146 2,835,540    
Construction in progress 388,936 327,413    
Furniture, fixtures and equipment 14,508 13,059    
Total 3,995,087 3,845,090    
Accumulated depreciation and amortization (989,591) (935,548)    
Real estate, net 3,005,496 2,909,542    
Operating lease right-of-use assets 56,887 58,917    
Cash and cash equivalents 62,644 48,881 $ 77,796 $ 41,373
Restricted cash 23,531 29,984 66,998 49,267
Tenant and other receivables 21,873 26,658    
Receivables arising from the straight-lining of rents 63,013 63,842    
Identified intangible assets, net of accumulated amortization of $74,553 and $70,514, respectively 83,583 87,591    
Deferred leasing costs, net of accumulated amortization of $22,940 and $21,982, respectively 29,266 31,220    
Prepaid expenses and other assets 76,959 55,236    
Total assets 3,423,252 3,311,871    
Liabilities:        
Mortgages payable, net 1,629,867 1,606,774    
Unsecured line of credit 75,000 0    
Operating lease liabilities 54,509 56,329    
Accounts payable, accrued expenses and other liabilities 90,644 97,397    
Identified intangible liabilities, net of accumulated amortization of $60,593 and $59,668, respectively 161,995 174,899    
Total liabilities 2,012,015 1,935,399    
Commitments and contingencies (Note 10)    
Partners’ capital:        
Accumulated other comprehensive income (loss) 6,830 (703)    
Accumulated earnings 137,078 124,566    
Consolidated subsidiaries 19,074 18,273    
Total equity 1,411,237 1,376,472 1,385,601 1,361,724
Total liabilities and equity 3,423,252 3,311,871    
Urban Edge Properties LP        
Real estate, at cost:        
Land 686,497 669,078    
Buildings and improvements 2,905,146 2,835,540    
Construction in progress 388,936 327,413    
Furniture, fixtures and equipment 14,508 13,059    
Total 3,995,087 3,845,090    
Accumulated depreciation and amortization (989,591) (935,548)    
Real estate, net 3,005,496 2,909,542    
Operating lease right-of-use assets 56,887 58,917    
Cash and cash equivalents 62,644 48,881 77,796 41,373
Restricted cash 23,531 29,984 66,998 49,267
Tenant and other receivables 21,873 26,658    
Receivables arising from the straight-lining of rents 63,013 63,842    
Identified intangible assets, net of accumulated amortization of $74,553 and $70,514, respectively 83,583 87,591    
Deferred leasing costs, net of accumulated amortization of $22,940 and $21,982, respectively 29,266 31,220    
Prepaid expenses and other assets 76,959 55,236    
Total assets 3,423,252 3,311,871    
Liabilities:        
Mortgages payable, net 1,629,867 1,606,774    
Unsecured line of credit 75,000 0    
Operating lease liabilities 54,509 56,329    
Accounts payable, accrued expenses and other liabilities 90,644 97,397    
Identified intangible liabilities, net of accumulated amortization of $60,593 and $59,668, respectively 161,995 174,899    
Total liabilities 2,012,015 1,935,399    
Commitments and contingencies (Note 10)    
Partners’ capital:        
General partner: 126,259,755 and 125,912,647 units outstanding, respectively 1,174,752 1,165,196    
Limited partners: 7,037,824 and 6,753,481 units outstanding, respectively 68,399 63,925    
Accumulated other comprehensive income (loss) 6,830 (703)    
Accumulated earnings 142,182 129,781    
Total partners’ capital 1,392,163 1,358,199    
Consolidated subsidiaries 19,074 18,273    
Total equity 1,411,237 1,376,472 $ 1,385,601 $ 1,361,724
Total liabilities and equity $ 3,423,252 $ 3,311,871