AI-extracted from the 10-Q filed 2026-08-06 — Q2 2026 (six months ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Urban Edge delivered $255.4M total revenue (+10.0% YoY) driven by rent commencements and acquisitions, while same-property NOI grew 2.8% amid steady occupancy of 96.5%.
Biggest Revenue Drivers
Rental revenue$246.8M+6.4% YoY
Increase from rent commencements, contractual rent increases, and property acquisitions net of dispositions.
Biggest Revenue Drivers
Total revenue: $255.4M+10.0% YoY
Rental revenue$246.8M+6.4% YoY
Increase from rent commencements, contractual rent increases, and property acquisitions net of dispositions.
Largest Expense Items
Depreciation and amortization$67.3M-3.5% YoY
Decrease primarily from accelerated depreciation of in-place leases in prior year, net of current year tenant improvements write-offs.
Interest and debt expense$38.5M-2.0% YoY
Decrease from lower unsecured line of credit balance and rate, partially offset by new financing from acquisitions and Plaza at Woodbridge mortgage.
General and administrative expenses$18.8M-11.4% YoY
Decrease reflects absence of severance expenses incurred in prior year period.
Watch Items from the Filing
Debt maturity concentration: $237.9M of mortgage debt matures within 12 months across six properties; company actively exploring refinancing or repayment options.
Tenant bankruptcy exposure: Saks Global filed Chapter 11 in January 2026; one lease (32,000 sf, $1.1M annual rent) was assumed post-emergence but company had lost second lease; Wren Kitchens closure resulted in settlement in June 2026.
Insurance cost escalation acknowledged as ongoing risk; captive insurance program established January 2025 with $6.1M loss reserves accrued as of June 30, 2026, creating margin pressure.
Active development pipeline strong: 19 projects with $155.0M estimated total costs, $66.7M remaining to be funded; $54.3M acquisition of Village at Bridgewater Commons closed March 2026; $40.4M acquisition of Shops at West Falls Church closed July 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Officers, directors and 10% owners with a Form 4 filed in the last 24 months, most recent first. From SEC EDGAR.
Langer MarkChief Financial OfficerGrant or award · Mar 12, 2026
Mooallem JeffreyChief Operating OfficerGrant or award · Mar 12, 2026
Olson Jeffrey SChairman of the Board & CEOGrant or award · Mar 12, 2026
Drazin Andrea RosenthalChief Accounting OfficerDisposition to issuer · Mar 9, 2026
Ohlberg HeatherEVP, General Counsel & Sec.Shares withheld for tax or exercise price · Feb 2, 2026
About Urban Edge Properties (UE): stock profile, AI score and financials
Urban Edge Properties (UE) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro's AI-powered ranking engine scores UE at 49.7/100 on a composite quality score built from its SEC filings, placing it at rank #1,661 of 2,925 stocks — the bottom half of the AI-ranked universe. UE scores in the top quartile across earnings quality (76.1). Areas of concern include institutional flow (12.6) and revenue scale (37.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 35.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Urban Edge Properties reports quarterly revenue of $122.8M, net income of $17.9M, an operating margin of 15.8%. UE trades on the NYSE exchange and files with the SEC under CIK 1611547. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate UE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Urban Edge Properties directly from SEC EDGAR.