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CONSOLIDATED BALANCE SHEETS - UELP - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Real estate, at cost:    
Land $ 543,083 $ 535,770
Buildings and improvements 2,500,534 2,468,385
Construction in progress 273,929 314,190
Furniture, fixtures and equipment 9,023 8,539
Total 3,326,569 3,326,884
Accumulated depreciation and amortization (821,732) (791,485)
Real estate, net 2,504,837 2,535,399
Operating lease right-of-use assets 59,193 64,161
Cash and cash equivalents 48,930 85,518
Restricted cash 44,496 43,256
Tenant and other receivables 15,911 17,523
Receivable arising from the straight-lining of rents 66,424 64,713
Identified intangible assets, net of accumulated amortization of $44,199 and $40,983, respectively 57,407 62,856
Deferred leasing costs, net of accumulated amortization of $21,414 and $20,107, respectively 28,907 26,799
Prepaid expenses and other assets 77,024 77,207
Total assets 2,903,129 2,977,432
Liabilities:    
Mortgages payable, net 1,683,328 1,691,690
Operating lease liabilities 55,958 59,789
Accounts payable, accrued expenses and other liabilities 88,304 102,519
Identified intangible liabilities, net of accumulated amortization of $44,384 and $40,816, respectively 89,041 93,328
Total liabilities 1,916,631 1,947,326
Commitments and contingencies (Note 10)
Partners’ capital:    
Accumulated other comprehensive income 321 629
Accumulated deficit (82,588) (36,104)
Consolidated subsidiaries 14,744 13,906
Total equity 986,498 1,030,106
Total liabilities and equity 2,903,129 2,977,432
Urban Edge Properties LP    
Real estate, at cost:    
Land 543,083 535,770
Buildings and improvements 2,500,534 2,468,385
Construction in progress 273,929 314,190
Furniture, fixtures and equipment 9,023 8,539
Total 3,326,569 3,326,884
Accumulated depreciation and amortization (821,732) (791,485)
Real estate, net 2,504,837 2,535,399
Operating lease right-of-use assets 59,193 64,161
Cash and cash equivalents 48,930 85,518
Restricted cash 44,496 43,256
Tenant and other receivables 15,911 17,523
Receivable arising from the straight-lining of rents 66,424 64,713
Identified intangible assets, net of accumulated amortization of $44,199 and $40,983, respectively 57,407 62,856
Deferred leasing costs, net of accumulated amortization of $21,414 and $20,107, respectively 28,907 26,799
Prepaid expenses and other assets 77,024 77,207
Total assets 2,903,129 2,977,432
Liabilities:    
Mortgages payable, net 1,683,328 1,691,690
Operating lease liabilities 55,958 59,789
Accounts payable, accrued expenses and other liabilities 88,304 102,519
Identified intangible liabilities, net of accumulated amortization of $44,384 and $40,816, respectively 89,041 93,328
Total liabilities 1,916,631 1,947,326
Commitments and contingencies (Note 10)
Partners’ capital:    
General partner: 117,639,602 and 117,450,951 units outstanding, respectively 1,014,000 1,012,466
Limited partners: 5,053,057 and 4,713,558 units outstanding, respectively 44,605 41,810
Accumulated other comprehensive income 321 629
Accumulated deficit (87,172) (38,705)
Total partners’ capital 971,754 1,016,200
Consolidated subsidiaries 14,744 13,906
Total equity 986,498 1,030,106
Total liabilities and equity $ 2,903,129 $ 2,977,432