Urban Edge Properties
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- Urban Edge Properties (NYSE: UE), founded in 2015 through a spin-off from Vornado Realty Trust and headquartered in New York, New York, operates as a real estate investment trust that acquires, owns, redevelops, and manages shopping centers principally in densely populated, supply-constrained markets along the Washington, D.C. to Boston corridor. The company owns a portfolio of approximately 75 properties encompassing over 17 million square feet of gross leasable area, with a substantial majority classified as grocery-anchored assets featuring necessity-based and value-oriented retailers such as supermarkets, discount stores including Burlington and Marshalls, home goods providers like HomeGoods and World Market, off-price chains, restaurants including Cava, Sweetgreen, and Chipotle, beauty retailers like Sephora and Ulta, fitness centers, medical services, and other essential tenants; it generates revenue primarily through long-term leasing of space in community shopping centers, power centers, neighborhood centers, and mixed-use developments located in high-barrier-to-entry urban-edge submarkets with strong demographic profiles including high population density and median household incomes exceeding $140,000 within three-mile radii. Urban Edge emphasizes strategic redevelopment to densify sites, enhance tenant mixes, and unlock value through modernizations at properties such as Bergen Town Center, Bruckner Commons, Huntington Commons, Shoppers World, Woodmore Towne Centre, Amherst Commons, Manalapan Commons, Newington Commons, and The Outlets at Montehiedra, alongside selective acquisitions of core-plus and value-add opportunities with minimum deal sizes of $25 million focused on grocery-anchored centers exhibiting NOI growth potential via below-market rents and sustainable occupancy near 96%. Recent major changes include the October 2025 acquisition of Brighton Mills Shopping Center, a 90,779-square-foot grocery-anchored property in Boston, Massachusetts, for $39 million funded via 1031 exchange to expand its presence in that growth market now representing over 10% of asset value; the October 2024 purchase of Village at Waugh Chapel, a 382,163-square-foot anchored center in Gambrills, Maryland; the April 2024 acquisition of Ledgewood Commons, a 446,535-square-foot super-regional center in Roxbury, New Jersey, for $83 million at a 7.9% initial cap rate; the February 2024 buy of Heritage Square, an 87,317-square-foot property in Watchung, New Jersey; activation of redevelopment projects totaling $22.1 million in 2025 with stabilization of five initiatives costing $21.7 million yielding high-single-digit returns including new spaces for Trader Joe's, Ross Dress for Less, Ani Ramen, Urology Hub, and Atlantic Health; execution of 200,000 square feet of new leases in 2025 with national tenants like HomeGoods, Sephora, Cava, and Bob's Discount Furniture; and achievement of 8% growth in adjusted funds from operations for 2024 ahead of three-year targets through capital recycling, leasing momentum, and portfolio optimization.
Company News
BlackRock Inc. Takes $523.72 Million Position in Urban Edge Properties $UE
Urban Edge Properties Q2 Earnings Call Highlights
Urban Edge Properties (UE) Q2 2026 Earnings Call Transcript
Urban Edge Properties Reports Second Quarter 2026 Results
Bank of New York Mellon Corp Has $25.02 Million Position in Urban Edge Properties $UE
Urban Edge Properties Announces Change to Date of Second Quarter 2026 Earnings Release and Conference Call
Urban Edge Properties Invites You to Join Its Second Quarter 2026 Earnings Conference Call
Urban Edge Properties (UE) is a Top Dividend Stock Right Now: Should You Buy?
Urban Edge: Strong Leasing Momentum Supports Continued Upside
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Urban Edge Properties Declares a Quarterly Common Dividend of $0.21 per Share
REITs Excel, Earnings Swell, Fed Rebels
Urban Edge Properties (UE) Q1 2026 Earnings Call Transcript
Urban Edge Properties Reports First Quarter 2026 Results
Why Urban Edge Properties (UE) is a Great Dividend Stock Right Now
Why Urban Edge Properties (UE) is a Top Dividend Stock for Your Portfolio
Urban Edge Properties (NYSE:UE) Receives $22.00 Average PT from Brokerages
Urban Edge Properties Invites You to Join Its First Quarter 2026 Earnings Conference Call
Urban Edge Properties (UE) is a Top Dividend Stock Right Now: Should You Buy?
Urban Edge Amidst A Potential Whitestone Bidding War