Urban Edge Amidst A Potential Whitestone Bidding War (NYSE:UE)

Urban Edge Properties (UE) is a grocery-anchored shopping center REIT concentrated in the D.C. to Boston corridor. It has become interesting as its valuation has steadily become cheaper while shopping center performance continues to improve. The ongoing discussion of a Whitestone (WSR) buyout also adds a fresh angle to UE. We will begin with UE analysis and then explore the M&A. UE has historically traded at a high valuation due to having superior catchment radius statistics regarding population density and ...