Articles from Urban Edge Properties

Urban Edge Properties (NYSEUE) announced today the tax treatment of the 2024 dividend distributions on shares of its common stock.

Urban Edge Properties (NYSEUE) announced today that it will release its fourth quarter and year-end 2024 earnings prior to the market open on Wednesday, February 12, 2025. The Company will host an earnings conference call and audio webcast on February 12, 2025 at 8:30am ET.

Urban Edge Properties (NYSEUE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.17 per common share. The dividend will be payable on December 31, 2024 to common shareholders of record on December 13, 2024.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter ended September 30, 2024 and updated its outlook for full-year 2024.

Urban Edge Properties (NYSEUE) announced today that it will release its third quarter 2024 earnings prior to the market open on Wednesday, October 30, 2024. The Company will host an earnings conference call and audio webcast on October 30, 2024 at 8:30am ET.

Urban Edge Properties (NYSEUE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.17 per common share. The dividend will be payable on September 30, 2024 to common shareholders of record on September 13, 2024.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter ended June 30, 2024 and raised the low end of its FFO as Adjusted guidance for the full-year.

Urban Edge Properties (NYSEUE) is pleased to announce that it has been named one of the best places to work in New Jersey by NJBIZ Magazine for a third consecutive year. The annual program identifies and recognizes the best employers in the state of New Jersey.

Urban Edge Properties (NYSEUE) today announced that it has issued its 2023 Corporate Responsibility Report which can be found on the Corporate Responsibility page of our website.

Urban Edge Properties (NYSEUE) announced today that it will release its second quarter 2024 earnings prior to the market open on Wednesday, July 31, 2024. The Company will host an earnings conference call and audio webcast on July 31, 2024 at 8:30am ET.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter ended March 31, 2024 and updated its outlook for full-year 2024.

Urban Edge Properties (NYSEUE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.17 per common share. The dividend will be payable on June 28, 2024 to common shareholders of record on June 14, 2024.

Urban Edge Properties (NYSEUE) announced today that it will release its first quarter 2024 earnings prior to the market open on Tuesday, May 7, 2024. The Company will host an earnings conference call and audio webcast on May 7, 2024 at 8:30am ET.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter and year ended December 31, 2023.

Urban Edge Properties (NYSEUE) announced today the tax treatment of the 2023 dividend distributions on shares of its common stock.

Urban Edge Properties (NYSEUE) (the “Company”) today announced it achieved record leasing activity for the fourth quarter of 2023, executing 22 new leases comprising 234,000 square feet, including the backfill of a 94,000 square foot former Bed Bath and Beyond with a single national credit tenant at Totowa Commons in Totowa, NJ. With this activity, Urban Edge has reached same-property portfolio leased occupancy of 96% as of December 31, 2023, an increase of 150 basis points compared to September 30, 2023 and 100 basis points compared to December 31, 2022 and the highest level since 2018. Same-space new leases executed in the fourth quarter generated an average rent spread of 38% on a cash basis.

Urban Edge Properties (NYSEUE) announced today that it will release its fourth quarter and year-end 2023 earnings prior to the market open on Wednesday, February 14, 2024. The Company will host an earnings conference call and audio webcast on February 14, 2024 at 8:30am ET.

Urban Edge Properties (NYSEUE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.16 per common share. The dividend will be payable on December 29, 2023 to common shareholders of record on December 15, 2023.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter ended September 30, 2023 and updated its outlook for full-year 2023.

Urban Edge Properties (NYSEUE) announced today that it will release its third quarter 2023 earnings prior to the market open on Tuesday, October 31, 2023. The Company will host an earnings conference call and audio webcast on October 31, 2023 at 8:30am ET.

Urban Edge Properties (NYSEUE) (the “Company”) announced today that it has completed the refinancing of its mortgage loan at Las Catalinas Mall in Caguas, Puerto Rico. The Company obtained a new ten-year $82 million mortgage provided by Banco Popular de Puerto Rico. The new loan is pre-payable after five years without penalty or defeasance costs.

Urban Edge Properties (NYSEUE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.16 per common share. The dividend will be payable on September 29, 2023 to common shareholders of record on September 15, 2023.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter ended June 30, 2023 and updated its outlook for full-year 2023.

Urban Edge Properties (NYSEUE) is pleased to announce that it has been named one of the best places to work in New Jersey by NJBIZ Magazine for a second consecutive year. The annual program identifies and recognizes the best employers in the state of New Jersey.

Urban Edge Properties (NYSEUE) today announced that it has issued its 2022 Environmental, Social, and Governance (“ESG”) Report outlining the Company’s ESG strategies, policies, achievements, and environmental performance metrics. The full report can be found on the ESG page of our website.

Urban Edge Properties (NYSEUE) announced today that it will release its second quarter 2023 earnings prior to the market open on Wednesday, August 2, 2023. The Company will host an earnings conference call and audio webcast on August 2, 2023 at 8:30am ET.

Urban Edge Properties (NYSEUE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.16 per common share. The dividend will be payable on June 30, 2023 to common shareholders of record on June 15, 2023.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter ended March 31, 2023.

Urban Edge Properties (NYSEUE) will outline the Company’s compelling growth opportunities and provide an update on its business strategy and financial outlook at its Investor Day being held in New York City today. Chairman and CEO Jeff Olson, along with other members of the executive leadership team, will discuss the Company’s irreplaceable retail real estate portfolio focused on the supply constrained D.C. to Boston corridor, highly visible growth plan, low-risk active redevelopment and retenanting pipeline, and strong balance sheet, all underpinning the Company’s growth targets.

Urban Edge Properties (NYSEUE) today announced the successful refinancing of its mortgage loan for Bergen Town Center. The new seven-year, $290 million fixed rate mortgage loan is being provided by New York Life Insurance Company and MetLife Investment Management as co-lenders and replaces the previous mortgage on the property which had an outstanding balance of $300 million. With this refinancing, the Company has reduced its debt maturing through the end of 2025 to $235 million, representing less than 15% of outstanding indebtedness.

Urban Edge Properties (NYSEUE) announced today that it will release its first quarter 2023 earnings prior to the market open on Tuesday, May 9, 2023. The Company will host an earnings conference call and audio webcast on May 9, 2023 at 8:30am ET.

Urban Edge Properties (NYSEUE) announced today the appointment of Catherine D. Rice to the Company’s Board of Trustees, effective March 15, 2023.

Urban Edge Properties (NYSEUE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.16 per common share. The dividend will be payable on March 31, 2023 to common shareholders of record on March 15, 2023.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter and year ended December 31, 2022.

Urban Edge Properties (NYSEUE) announced today the tax treatment of the 2022 dividend distributions on shares of its common stock.

Urban Edge Properties (NYSEUE) announced today that it achieved record volume for new leases signed during 2022. The Company leased over 1 million square feet, up from a previous record of 683,000 square feet, through the execution of 69 new leases. Same-property leased occupancy increased to 95.4% at year-end, a 110 basis point increase compared to December 31, 2021.

Urban Edge Properties (NYSEUE) announced today that it will release its fourth quarter and year-end 2022 earnings prior to the market open on Tuesday, February 14, 2023. The Company will host an earnings conference call and audio webcast on February 14, 2023 at 8:30am ET.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter ended September 30, 2022 and provided its outlook for the full-year 2022.

Urban Edge Properties (NYSEUE) announced today that it has signed a 139,000 square foot lease with Target for a general merchandise store at Bruckner Commons in The Bronx, New York. Located at the intersection of the Bruckner Expressway (I-287) and White Plains Road, Bruckner Commons serves over 700,000 people living within three miles of the property and is easily accessible to the 80,000 vehicles that pass the property each day.

Urban Edge Properties (NYSEUE) today announced the hiring of Jeffrey S. Mooallem as Chief Operating Officer, effective January 9, 2023. Mr. Mooallem is a veteran real estate executive with extensive experience across the industry. For the past five years, he has served as the President and CEO of Gazit Horizons, a U.S. subsidiary of Gazit Globe, a global real estate company, and prior to that, he served in executive leadership positions at Equity One, Inc., Federal Realty Investment Trust and Turnberry. Mr. Mooallem has deep expertise leasing, acquiring and redeveloping retail real estate and helped lead the transformation of Serramonte Mall in Daly City, California, Aventura Mall in Aventura, Florida, Ceasar’s Bay in Brooklyn, New York, and The Home Depot on 61st Street on the Upper East Side of Manhattan. Mr. Mooallem has successfully led the acquisition and development of more than $2 billion of real estate during his career.

Urban Edge Properties (NYSEUE) announced today that it will release its third quarter 2022 earnings prior to the market open on Thursday, November 3, 2022. The Company will host an earnings conference call and audio webcast on November 3, 2022 at 8:30am ET.

Urban Edge Properties (NYSEUE) today announced Andrea Drazin has been named Chief Accounting Officer, effective October 14, 2022. Ms. Drazin will succeed Jennifer Holmes, who will step down to pursue a new opportunity as the Chief Financial Officer of a private residential developer.

Urban Edge Properties (NYSEUE) today announced the appointment of Katherine M. Sandstrom to the Company’s Board of Trustees, effective October 1, 2022. Ms. Sandstrom will also serve as a member of the Audit Committee and the Corporate Governance and Nominating Committee.

Urban Edge Properties (NYSEUE) today announced the appointment of Mary L. Baglivo to the Company’s Board of Trustees, effective September 1, 2022.

Urban Edge Properties (NYSEUE) announced that it has completed an amendment and restatement to its existing unsecured revolving credit facility increasing the size from $600 million to $800 million. Borrowings under the facility bear interest at a rate of SOFR plus 1.10% with an annual facility fee of 0.15% based on the current leverage ratio as defined in the facility. The recast facility also features an Environmental, Social and Governance (“ESG”) pricing provision whereby the applicable interest rate margin can be reduced if the Company meets certain sustainability performance targets. The facility was previously due to mature on January 29, 2024 and now has a maturity date of February 9, 2027 (or, February 9, 2028 if the company exercises each of its two six-month extension options). No amounts are currently drawn on the line of credit.

Urban Edge Properties (NYSEUE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.16 per common share. The dividend will be payable on September 30, 2022 to common shareholders of record on September 15, 2022.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter ended June 30, 2022.

Urban Edge Properties (NYSEUE) is pleased to announce that it has been named one of the best places to work in New Jersey by NJBIZ Magazine. The annual program identifies and recognizes the best employers in the state of New Jersey.

Urban Edge Properties (NYSEUE) today announced that it has issued its 2021 Environmental, Social, and Governance (“ESG”) Report outlining the Company’s ESG strategies, policies, and environmental performance metrics. The ESG Report also includes an analysis of climate-related risks and management’s response to mitigate them. The full report can be found on our website at the following link: 2021 ESG Report

Urban Edge Properties (NYSEUE) today announced that it has acquired The Shops at Riverwood, a fully-leased grocery-anchored, retail center located in Boston’s Hyde Park neighborhood for $32.9 million. The acquisition advances the Company’s strategic plan of acquiring high-quality, infill real estate in a core retail market with attractive in-place yield and future growth potential. Alongside an anchor grocery store, Price Rite Marketplace, the property has a strong array of national and regional retail and service brands including Santander, Burger King, Boston Medical Center, and a recently opened Planet Fitness. Starbucks executed a lease for a pad site with construction expected to begin this summer.

Urban Edge Properties (NYSEUE) announced today that it will release its second quarter 2022 earnings prior to the market open on Wednesday, August 3, 2022. The Company will host an earnings conference call and audio webcast on August 3, 2022 at 8:30am ET.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter ended March 31, 2022.

Urban Edge Properties (NYSEUE) announced today that it will release its first quarter 2022 earnings prior to the market open on Thursday, May 5, 2022. The Company will host an earnings conference call and audio webcast on May 5, 2022 at 8:30am ET.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter and year ended December 31, 2021.

Urban Edge Properties (NYSEUE) announced today the tax treatment of the 2021 dividend distributions on shares of its common stock.

Urban Edge Properties (NYSEUE) announced today that it will release its fourth quarter and year-end 2021 earnings prior to the market open on Wednesday, February 16, 2022. The Company will host an earnings conference call and audio webcast on February 16, 2022 at 8:30 a.m. EST.

Urban Edge Properties (NYSEUE) today announced that it has acquired Woodmore Towne Centre (“Woodmore"), a 712,000 square foot grocery-anchored, regional power center located on 83 acres in Glenarden, MD along with an adjacent 22-acre land parcel. The transaction closed on December 23, 2021 and the purchase price was $193.4 million providing an initial unleveraged yield of 6.4%. The acquisition of Woodmore, which combines essential retail and a unique shopping experience for the surrounding community, is consistent with Urban Edge’s strategic plan of acquiring high-quality, infill real estate with attractive cash flow and future growth potential.

Urban Edge Properties (NYSEUE) today announced the appointment of Norman K. Jenkins to the Company’s Board of Trustees effective November 22, 2021.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter ended September 30, 2021.

Urban Edge Properties (NYSEUE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.15 per common share. The dividend will be payable on December 31, 2021 to common shareholders of record on December 15, 2021.

Urban Edge Properties (NYSEUE) announced today that it will release its third quarter 2021 earnings on Wednesday, November 3, 2021, after the market close.

Urban Edge Properties (NYSEUE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.15 per common share. The dividend will be payable on September 30, 2021 to common shareholders of record on September 15, 2021.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter ended June 30, 2021.

Urban Edge Properties (NYSEUE) announced today that it has issued its first annual Environmental, Social, and Governance (“ESG”) Report outlining the company’s ESG strategies, policies, and environmental performance metrics. The ESG Report also highlights the approach and progress made on a number of key initiatives addressed during the past year. The full report can be found in the investors section of our website: 2020 ESG Report.

Urban Edge Properties (NYSEUE) announced today that it will release its second quarter 2021 earnings prior to the market open on Wednesday, August 4, 2021. The Company will host an earnings conference call and audio webcast on August 4, 2021 at 8:30 a.m. EST.

Urban Edge Properties (NYSEUE) today announced the appointment of Susan Givens to the Company’s Board of Trustees effective July 1, 2021. With this appointment, Urban Edge’s Board of Trustees has increased from eight members to nine.

Urban Edge Properties (NYSEUE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.15 per common share. The dividend will be payable on June 30, 2021 to common shareholders of record on June 15, 2021.

Urban Edge Properties (NYSEUE) (the "Company") today announced its results for the quarter ended March 31, 2021.