Urban Edge Properties [UE] Q4 2022 Earnings Conference Call February 14, 2023 8:30 AM ET Company Participants Jeff Olson - Chairman & CEO Jeff Mooallem - COO Mark Langer - CFO Danielle De Vita - EVP, Development Rob Milton - General Counsel Scott Auster - SVP & Head of Leasing Andrea Drazin - CAO Etan Bluman - SVP, Finance & Investor Relations Conference Call Participants Floris Van Dijkum - Compass Point Samir Khanal - Evercore ISI Ronald Kamdem - Morgan Stanley Paulina Rojas - Green Street Operator Greeti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number: 333-212951-01 (Urban Edge Properties LP) URBAN EDGE PROPERTIES URBAN EDGE PROPERTIES LP (Exact name of Registrant as specified ...

Urban Edge Properties (NYSE:UE) Q3 2022 Earnings Conference Call November 3, 2022 8:30 AM ET Company Participants Etan Bluman - Senior Vice President of Finance & Investor Relations Jeff Olson - Chairman & Chief Executive Officer Mark Langer - Chief Financial Officer Scott Auster - Head of Leasing Conference Call Participants Ronald Kamdem - Morgan Stanley Brian Spahn - Evercore ISI Paulina Rojas - Green Street Operator Good morning and welcome to the Urban Edge Properties Third Quarter 2022 Earnings Call. ...

OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☒ EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 (Exact name of Registrant as specified in its charter) | Maryland | (Urban Edge Properties) | 47-6311266 | | --- | --- | --- | | Delaware | (Urban Edge Properties LP) | 36-4791544 | | (State or other jurisdiction of in ...

Financial Data and Key Metrics Changes - The company reported FFO as adjusted of $0.30 per share, up 7% compared to the prior year and also up 7% year-to-date [7] - Same-property NOI growth was 1.2%, or 0% when including development properties, tempered by year-over-year changes in reversals of uncollectible receivables [28] - Overall collection trends remained strong, with 99% of second-quarter rents collected [29] Business Line Data and Key Metrics Changes - The company executed approximately 290,000 square feet of new leases with a blended spread of 7%, bringing future rents from signed but not opened tenants to $23 million, representing 10% of annualized NOI [10] - Same-property leased occupancy increased to 94.9%, up nearly 300 basis points compared to the prior year [11] - The leasing volume included 37 new leases, renewals, and options totaling over 700,000 square feet at an average cash rent spread of 10% [17] Market Data and Key Metrics Changes - Total visits to the company's centers increased by 7% during Q2 2022 compared to Q2 2019, with grocery store sales up 13% compared to 2019 [8] - The company noted that demand for new sites from retailers remains strong despite rising inflation and pressures on consumer spending [22] - In Puerto Rico, comp store sales were up 25% at Las Catalinas and 15% at Montehiedra compared to 2019 [24] Company Strategy and Development Direction - The company aims to reach an occupancy goal of 96% by year-end, with a strong leasing pipeline of approximately 1 million square feet under negotiation [12] - Active redevelopment projects totaling $206 million are expected to generate a 10% unleveraged yield [12] - The company is exploring potential refinancing sources for its debt to enhance liquidity and flexibility [34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continuing to drive occupancy and rents, with expectations for traffic and sales trends to grow [10] - The company anticipates challenges in finding acquisitions that meet current return thresholds due to higher debt and equity costs [14] - Management highlighted that local tenant exposure is only 13% of total annualized base rents, indicating lower risk compared to peers [31] Other Important Information - The company was recognized as one of the best places to work in New Jersey by NJBIZ Magazine [15] - The cash position at the end of the quarter was $170 million, expected to be used for redevelopment projects and opportunistic acquisitions [35] - The company published its annual ESG report, highlighting significant reductions in carbon emissions [36] Q&A Session Summary Question: Changes in leasing negotiations - Management noted that while rent spreads are higher, negotiations are taking longer due to supply chain issues and tenant requests for pandemic-related protections [40][42] Question: Transaction market and cap rates - Management indicated that asset pricing has decreased by about 10% to 20% since the beginning of the year, with higher quality assets still trading [46][47] Question: Tenant risk assessment - Management acknowledged that local tenants may pose higher risks during economic downturns compared to anchor tenants, but overall tenant credit quality has improved [72][74] Question: Future NOI growth expectations - Management did not provide specific guidance but expressed hope for stronger same-property NOI growth next year compared to this year [76] Question: Balance sheet leverage outlook - Management expects to trend back to leverage levels below 7% as new income from the signed but not opened pipeline comes online [83][84]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☒ EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR Commission File Number: 333-212951-01 (Urban Edge Properties LP) FORM 10-Q URBAN EDGE PROPERTIES TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 URBAN EDGE PROPERTIES LP For the transition period from __________to__________ Commission File Number: 001-36523 (U ...

Urban Edge Properties (NYSE:UE) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Jennifer Holmes - Investor Relations Jeff Olson - Chairman and Chief Executive Officer Mark Langer - Chief Financial Officer Chris Weilminster - Chief Operating Officer Danielle De Vita - Executive Vice President, Development Herb Eilberg - Chief Investment Officer Rob Milton - General Counsel Conference Call Participants Rich Hill - Morgan Stanley Samir Khanal - Evercore ISI Paulina Rojas - Green St ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☒ EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number: 001-36523 (Urban Edge Properties) Commission File Number: 333-212951-01 (Urban Edge Properties LP) URBAN EDGE PROPERTIES UR ...

Urban Edge Properties (NYSE:UE) Q4 2021 Results Conference Call February 16, 2022 8:30 AM ET Company Participants Jennifer Holmes - Chief Accounting Officer Jeff Olson - Chairman and CEO Mark Langer - CFO Chris Weilminster - COO Herb Eilberg - Chief Investment Officer Rob Milton - General Counsel Conference Call Participants Rich Hill - Morgan Stanley Samir Khanal - Evercore Chris Lucas - Capital One Paulina Rojas - Green Street Floris van Dijkum - Compass Point Operator Greetings and welcome to Urban Edge ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number: 001-36523 (Urban Edge Properties) Commission File Number: 333-212951-01 (Urban Edge Properties LP) URBAN EDGE PROPERTIES URBAN ...