secwatch.observer — SEC 8-K summary
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Issuer:     Urban Edge Properties (UE)
CIK:        0001611547
Form:       8-K
Filed at:   2022-03-25T23:59:59+00:00
Accession:  0001611547-22-000023
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UE annual letter details 6-7% FFO growth plan; 2021 FFO adj. $1.09 (+24% YoY)
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- 2021 FFO as Adjusted grew 24% to $1.09 per share; same-property NOI +14%; occupancy 94.1% (+250 bps).
- Strategic plan targets 6-7% annual FFO growth through 2025, adding $6/share NAV via anchor redevelopments, occupancy to 96%+, land monetization, and $50M debt refinancing.
- Active redevelopment pipeline of $220M with $100M more expected; projects yield ~10% unleveraged.
- Acquired Woodmore Towne Centre (Costco/Wegmans) for $193M in Dec 2021; initial leveraged yield ~11% with 3.4% interest-only debt.
- Board refreshment: Susan Givens and Norman Jenkins joined; Amy Lane and Michael Gould retiring at upcoming annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611547/000161154722000023/0001611547-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611547/000161154722000023/ue-20220325.htm
  HTML page:      https://secwatch.observer/filing/0001611547-22-000023

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