other material
confidence medium
sentiment neutral
materiality 0.40
Urban Edge Properties provides March 2022 investor presentation with portfolio and financial update
Urban Edge Properties
- 75 properties totaling 17.2M sf GLA, ~90% of value in DC-to-Boston corridor.
- ~60% of asset value anchored by grocers with ~$900 psf sales; 10% by Home Depot/Lowe's; 6% industrial.
- Cash balance ~$220M, $600M revolver available; $4B total market cap; all debt is non-recourse mortgages.
- Same-property occupancy 94% vs 98% peak in 2018; $219M of active redevelopment projects underway.
- 93% leased overall; strategy targets last-mile delivery, BOPIS, and essential retail.