Urban Edge Properties (UE) SEC Filings & Earnings Calls

Net income decline due to prior year gain on sale of properties; core operations remain strong.

“The decreases in net income for the three and six months ended June 30, 2026 were primarily driven by a $49.5 million gain on sale of real estate in Q2 2025.” · word for word

Interest rate exposure

“increases in the Company’s borrowing costs as a result of changes in interest rates, rising inflation, and other factors” · word for word

Tenant concentration risk

“the loss or bankruptcy of major tenants” · word for word

Tenant credit risk

“the loss or bankruptcy of major tenants” · word for word

Interest rate sensitivity

“increases in the Company’s borrowing costs as a result of changes in interest rates, rising inflation, and other factors” · word for word

E-commerce disruption

“the impact of e-commerce on our tenants’ business” · word for word

Occupancy slightly declined; retail shop occupancy flat.

“Same-property portfolio leased occupancy... a decrease of 30 basis points.”

Tenant concentration / bankruptcy risk

“The loss or bankruptcy of major tenants; (iv) the ability and willingness of the Company's tenants to renew their leases with the Company upon expiration and the Company's ability to re-lease its properties on the same or better terms, or at all, in the event of non-renewal or in the event the Company exercises its right to replace an existing tenant.” · word for word

Interest rate / refinancing risk

“Increases in the Company's borrowing costs as a result of changes in interest rates, rising inflation, and other factors; (ix) the Company's ability to pay down, refinance, hedge, restructure or extend its indebtedness as it becomes due and potential limitations on the Company's ability to borrow funds under its existing credit facility as a result of covena” · word for word

Cybersecurity risk

“Information technology security breaches.” · word for word

Geographic Concentration in NY Metro Area

“Collectively, our New York metropolitan area properties in the aggregate generated approximately 65% of our annualized base rent as of December 31, 2025.” · word for word

Inflation Impact on Costs and Rent

“Inflation in the United States accelerated rapidly during 2021 and 2022 and has since moderated. Though significantly lower than the peaks of 2021 and 2022, current inflation still surpasses levels prior to 2021 and may increase again in the future.” · word for word

Tenant Bankruptcy Risk

“From time to time, certain of our tenants have become insolvent or declared bankruptcy and other tenants may declare bankruptcy or become insolvent in the future.” · word for word

E-commerce Impact on Retail Demand

“E-commerce is a vital part of our tenants’ businesses and continues to gain popularity, with growth in internet sales likely to continue in the future.” · word for word

Snow removal expenses partially offset NOI growth.

“partially offset by higher snow removal expenses” · word for word

No amounts drawn on credit line or term loans, indicating potential future leverage increase

“No amounts are currently drawn on the line of credit or on the Term Loans” · word for word

Tenant concentration and lease renewal risk

“the loss or bankruptcy of major tenants; the ability and willingness of the Company’s tenants to renew their leases with the Company upon expiration and the Company’s ability to re-lease its properties on the same or better terms, or at all, in the event of non-renewal” · word for word

Interest rate sensitivity

“increases in the Company’s borrowing costs as a result of changes in interest rates, rising inflation, and other factors” · word for word

Tenant bankruptcy risk: Q3 2025 included $4.2M non-cash revenue from write-off of below-market lease intangibles related to tenants in bankruptcy, which may not recur.

“FFO for Q3 2025 included higher non-cash revenue of $4.2 million for the write-off of below-market lease intangibles related to tenants in bankruptcy.”