---
schema_version: "secwatch.filing_event.v1"
accession: "0001611547-23-000029"
form_type: "8-K"
ticker: "UE"
cik: "0001611547"
company_name: "Urban Edge Properties"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:14:31.288529+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Urban Edge Properties reports Q1 2023 net loss $19.1M on $34.1M impairment; FFO rises to $0.32/share

## Summary
- Net loss $(0.16)/share vs income $0.08 in Q1 2022; impairment charge of $34.1M on Kingswood Center.
- FFO per share $0.32, up from $0.28 YoY; FFO as Adjusted also $0.32.
- Same-property NOI (incl. redevelopment) up 6.3%; leased occupancy 95.3%, +240 bps YoY.
- Refinanced Bergen Town Center with $290M 7-year fixed-rate loan; debt maturities through 2025 now $235M.
- Signed pipeline grows to $31M future annual rent (13% of NOI); full-year guidance raised $0.02 midpoint to $1.14-$1.18 FFO as Adjusted.

## SEC filing metadata
- accession: 0001611547-23-000029
- form_type: 8-K
- ticker: UE
- cik: 0001611547
- company_name: Urban Edge Properties
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611547/000161154723000029/0001611547-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611547/000161154723000029/ue-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001611547-23-000029
- JSON: https://secwatch.observer/filing/0001611547-23-000029.json
- Plain text: https://secwatch.observer/filing/0001611547-23-000029.txt

## Key facts
- Earnings Releases
  Urban Edge Properties reported the quarter ended March 31, 2023 results: net income net loss attributable to common shareholders of $19.1 million, EPS $(0.16) per diluted share.
  - Period: the quarter ended March 31, 2023
  - Net income: net loss attributable to common shareholders of $19.1 million
  - EPS: $(0.16) per diluted share
  - Result: reported results
  source text: Generated a net loss attributable to common shareholders of $19.1 million, or $(0.16) per diluted share, for the first quarter of 2023 compared to net income of $9.5 million, or $0.08 per diluted share, for the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1611547/000161154723000029/0001611547-23-000029-index.htm

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