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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Urban Edge Properties LP
Urban Edge Properties LP
Accumulated (Deficit) Earnings
Urban Edge Properties LP
NCI in Consolidated Subsidiaries
Urban Edge Properties LP
General Partner
Urban Edge Properties LP
Limited Partners
Common Shares
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Urban Edge Properties LP
Accumulated (Deficit) Earnings
Accumulated (Deficit) Earnings
Urban Edge Properties LP
Operating Partnership
NCI in Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 2021             117,147,986              
Beginning balance (in shares) at Dec. 31, 2021         117,147,986 4,662,654                
Beginning balance at Dec. 31, 2021 $ 1,047,894 $ 1,047,894 $ (8,505) $ 12,946 $ 1,002,423 $ 41,030 $ 1,170 $ 1,001,253 $ 0 $ 0 $ (7,091)   $ 39,616 $ 12,946
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) attributable to common shareholders/unitholders 21,112 22,005 22,005               21,112      
Net income (loss) attributable to NCI 431 (462)   (462)                 893 (462)
Other comprehensive loss (54) (54)             (52) (52)   $ (2) (2)  
Common units issued as a result of common shares issued by Urban Edge (in shares)         51,054 711,839                
Common units issued as a result of common shares issued by Urban Edge   (223) 42   $ (265)                  
Units redeemed for common shares (in shares)         250,000 (250,000) 250,000              
Units redeemed for common shares $ 4,248 4,248     $ 2,124 $ 2,124 $ 3 2,121         2,124  
Repurchase of common shares (in shares) 0                          
Reallocation of NCI $ (4,248) (4,248)     (1,505) (2,743)   (1,505)         (2,743)  
Common shares issued (in shares)             51,054              
Common shares issued 223             265     (42)      
Dividends to common shareholders (37,547)                   (37,547)      
Distributions to redeemable NCI (1,555)                       (1,555)  
Distributions to Partners   (39,102) (39,102)                      
Contributions from noncontrolling interests 1,463 1,463   1,463                   1,463
Share-based compensation expense 5,097 5,097     $ 659 $ 4,438   659         4,438  
Share-based awards retained for taxes (in shares)         (6,271)   (6,271)              
Share-based awards retained for taxes (114) (114)     $ (114)     (114)            
Ending balance (in shares) at Jun. 30, 2022             117,442,769              
Ending balance (in shares) at Jun. 30, 2022         117,442,769 5,124,493                
Ending balance at Jun. 30, 2022 1,036,950 1,036,950 (25,646) 13,947 $ 1,003,852 $ 44,849 [1] $ 1,173 1,002,679 (52) (52) (23,568)   42,771 13,947
Beginning balance (in shares) at Mar. 31, 2022             117,430,735              
Beginning balance (in shares) at Mar. 31, 2022         117,430,735 5,003,420                
Beginning balance at Mar. 31, 2022 1,041,133 1,041,133 (18,199) 13,352 $ 1,002,179 $ 43,801 [1] $ 1,173 1,001,006 0 0 (16,399)   42,001 13,352
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) attributable to common shareholders/unitholders 11,626 12,132 12,132               11,626      
Net income (loss) attributable to NCI 383 (123)   (123)                 506 (123)
Other comprehensive loss (54) (54)             (52) (52)   (2) (2)  
Common units issued as a result of common shares issued by Urban Edge (in shares)         13,313 121,073                
Common units issued as a result of common shares issued by Urban Edge   (224) 21   $ (245)                  
Units redeemed for common shares (in shares)         0 0                
Units redeemed for common shares   0     $ 1,114 $ (1,114)                
Reallocation of NCI 0             1,114         (1,114)  
Common shares issued (in shares)             13,313              
Common shares issued 224             245     (21)      
Dividends to common shareholders (18,774)                   (18,774)      
Distributions to redeemable NCI (782)                       (782)  
Distributions to Partners   (19,556) (19,556)                      
Contributions from noncontrolling interests 718 718                       718
Share-based compensation expense 2,500 2,500     $ 338 $ 2,162 [1]   338         2,162  
Share-based awards retained for taxes (in shares)         (1,279)   (1,279)              
Share-based awards retained for taxes (24) (24)     $ (24)     (24)            
Ending balance (in shares) at Jun. 30, 2022             117,442,769              
Ending balance (in shares) at Jun. 30, 2022         117,442,769 5,124,493                
Ending balance at Jun. 30, 2022 $ 1,036,950 $ 1,036,950 (25,646) 13,947 $ 1,003,852 $ 44,849 [1] $ 1,173 1,002,679 (52) (52) (23,568)   42,771 13,947
Beginning balance (in shares) at Dec. 31, 2022 117,450,951 117,450,951         117,450,951              
Beginning balance (in shares) at Dec. 31, 2022         117,450,951 4,713,558                
Beginning balance at Dec. 31, 2022 $ 1,030,106 $ 1,030,106 (38,705) 13,906 $ 1,012,466 $ 41,810 $ 1,173 1,011,293 629 629 (36,104)   39,209 13,906
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) attributable to common shareholders/unitholders (8,856) (9,200) (9,200)               (8,856)      
Net income (loss) attributable to NCI (727) (383)   (383)                 (344) (383)
Other comprehensive loss (321) (321)             (308) (308)   (13) (13)  
Common units issued as a result of common shares issued by Urban Edge (in shares)         126,288 409,499                
Common units issued as a result of common shares issued by Urban Edge   (195) 44   $ (239)                  
Units redeemed for common shares (in shares)         70,000 (70,000) 70,000              
Units redeemed for common shares $ 1,145 1,145     $ 573 $ 572 $ 1 572         572  
Repurchase of common shares (in shares) 0                          
Reallocation of NCI $ (1,145) (1,145)     345 (1,490)   345         (1,490)  
Common shares issued (in shares)             126,288              
Common shares issued 195           $ 1 238     (44)      
Dividends to common shareholders (37,584)                   (37,584)      
Distributions to redeemable NCI (1,626)                       (1,626)  
Distributions to Partners   (39,210) (39,210)                      
Contributions from noncontrolling interests 1,221 1,221   1,221                   1,221
Share-based compensation expense 4,209 4,209     $ 496 $ 3,713   496         3,713  
Share-based awards retained for taxes (in shares)         (7,637)   (7,637)              
Share-based awards retained for taxes $ (119) $ (119)     $ (119)     (119)            
Ending balance (in shares) at Jun. 30, 2023 117,450,951 117,639,602         117,639,602              
Ending balance (in shares) at Jun. 30, 2023         117,639,602 5,053,057                
Ending balance at Jun. 30, 2023 $ 986,498 $ 986,498 (87,172) 14,744 $ 1,014,000 $ 44,605 [2] $ 1,175 1,012,825 321 321 (82,588)   40,021 14,744
Beginning balance (in shares) at Mar. 31, 2023             117,571,250              
Beginning balance (in shares) at Mar. 31, 2023         117,571,250 5,046,501                
Beginning balance at Mar. 31, 2023 992,489 992,489 (78,244) 14,224 $ 1,011,696 $ 44,472 [2] $ 1,174 1,010,522 341 341 (74,034)   40,262 14,224
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) attributable to common shareholders/unitholders 10,262 10,706 10,706               10,262      
Net income (loss) attributable to NCI 301 (143)   (143)                 444 (143)
Other comprehensive loss (21) (21)             (20) (20)   $ (1) (1)  
Common units issued as a result of common shares issued by Urban Edge (in shares)         18,352 56,556                
Common units issued as a result of common shares issued by Urban Edge   (195) 22   $ (217)                  
Units redeemed for common shares (in shares)         50,000 (50,000) 50,000              
Units redeemed for common shares 823 823     $ 412 $ 411 $ 1 411         411  
Reallocation of NCI (823) (823)     1,453 (2,276) [2]   1,453         (2,276)  
Common shares issued (in shares)             18,352              
Common shares issued 195             217     (22)      
Dividends to common shareholders (18,794)                   (18,794)      
Distributions to redeemable NCI (817)                       (817)  
Distributions to Partners   (19,611) (19,611)                      
Contributions from noncontrolling interests 663 663   663                   663
Share-based compensation expense 2,202 2,202     $ 204 $ 1,998 [2]   204         1,998  
Share-based awards retained for taxes $ 18             18            
Share-based awards retained for taxes (in shares)         0                  
Share-based awards retained for taxes   $ 18     $ 18                  
Ending balance (in shares) at Jun. 30, 2023 117,450,951 117,639,602         117,639,602              
Ending balance (in shares) at Jun. 30, 2023         117,639,602 5,053,057                
Ending balance at Jun. 30, 2023 $ 986,498 $ 986,498 $ (87,172) $ 14,744 $ 1,014,000 $ 44,605 [2] $ 1,175 $ 1,012,825 $ 321 $ 321 $ (82,588)   $ 40,021 $ 14,744
[1] Limited partners have a 4.2% common limited partnership interest in the Operating Partnership as of June 30, 2022 in the form of Operating Partnership Units (“OP Units”) and Long-Term Incentive Plan Units (“LTIP Units”).
[2] Limited partners have a 4.1% common limited partnership interest in the Operating Partnership as of June 30, 2023 in the form of OP and LTIP Units.