---
schema_version: "secwatch.filing_event.v1"
accession: "0001611547-23-000015"
form_type: "8-K"
ticker: "UE"
cik: "0001611547"
company_name: "Urban Edge Properties"
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:36:09.329409+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Urban Edge 2022 shareholder letter: FFO up 11%, record leasing, occupancy to 95%; new COO and board changes

## Summary
- 2022 FFO as adjusted per share up 11% YoY; same-property NOI growth 4.1%.
- Leased occupancy rose from 92% to 95%; record leasing of over 1M sq ft; cash leasing spreads +12%.
- CEO cites potential 18% NOI increase ($44M) from signed leases and negotiations; net debt/EBITDAre 6.9x, targeting 6.5x.
- Jeff Mooallem appointed COO; Steven Roth not standing for re-election; promotions: Scott Auster to EVP, Andrea Drazin to CAO.
- Liquidity $929M ($129M cash + $800M undrawn credit line); only $225M maturing through 2025 (15% of total debt).

## SEC filing metadata
- accession: 0001611547-23-000015
- form_type: 8-K
- ticker: UE
- cik: 0001611547
- company_name: Urban Edge Properties
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611547/000161154723000015/0001611547-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611547/000161154723000015/ue-20230317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001611547-23-000015
- JSON: https://secwatch.observer/filing/0001611547-23-000015.json
- Plain text: https://secwatch.observer/filing/0001611547-23-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.