secwatch.observer — SEC 8-K summary
======================================

Issuer:     Urban Edge Properties (UE)
CIK:        0001611547
Form:       8-K
Filed at:   2022-06-06T23:59:59+00:00
Accession:  0001611547-22-000038
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban Edge Properties updates investors with June 2022 presentation: 75 properties, 94% occupancy
--------------------------------------------------------------------------------

- Portfolio: 75 properties, 17.2M sf GLA including 1.3M sf industrial; ~90% of value in DC-to-Boston corridor.
- Asset quality: ~60% of asset value anchored by grocers with ~$900 psf sales; 10% by Home Depot/Lowe's; 6% industrial.
- Balance sheet: ~$198M cash, $600M revolver; debt is single asset non-recourse mortgages; $4B total market cap.
- Growth: 94% same-property occupancy vs 98% peak in 2018; $207M active redevelopment projects.
- Format: open-air centers positioned for last-mile delivery, BOPIS, and curbside pickup.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611547/000161154722000038/0001611547-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611547/000161154722000038/ue-20220606.htm
  HTML page:      https://secwatch.observer/filing/0001611547-22-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer