Urban Edge Properties

What Urban Edge Properties does

Urban Edge Properties (NYSE: UE) is a publicly traded Maryland-domiciled Real Estate Investment Trust that acquires, owns, redevelops, and manages shopping centers concentrated in densely populated, supply-constrained U.S. markets, primarily along the Washington, D.C. to Boston corridor. The portfolio comprises 74 properties totaling approximately 17.3 million square feet of gross leasable area, with 80% grocery-anchored by national and regional grocery operators (Whole Foods, Target, Wegmans, Costco, Aldi, ShopRite, Sprouts, Star Market, BJ's). The average 3-mile radius across the portfolio serves a median household income of approximately $95,000 and a population density of roughly 200,000, supporting essential-needs and experience-driven retail tenants including fitness (Planet Fitness, LA Fitness, Orangetheory), entertainment (AMC, Alamo Drafthouse), and dining (Chipotle, Sweetgreen, Texas Roadhouse).

The company generates revenue primarily through leasing retail space, including base rent, percentage rent based on tenant sales, and recovery of operating expenses, with leases structured as long-term agreements with national credit tenants on individually negotiated terms. Strategic capital allocation emphasizes redevelopment (with reported 19% unlevered yields on completed projects), accretive acquisitions (Brighton Mills in 2025 for $39 million; The Village at Bridgewater Commons in Q1 2026 for $54.3 million), and capital recycling via non-core asset sales ($66.2 million in 2025). Urban Edge maintains $950 million of unsecured credit facilities, a conservative balance sheet with less than 8% of total debt maturing within two years, and raised its quarterly dividend 11% to $0.21 per share in 2025 following record shop occupancy of 92.6% and record same-space cash rent spreads of 32%.

The platform is overseen by Chairman and Chief Executive Officer Jeffrey S. Olson, with headquarters at 12 East 49th Street, 44th Floor, New York, NY, and a property-operations office in Maywood, NJ. Distribution is driven by direct leasing teams, retail broker networks, and a specialty-leasing program for short-term and kiosk tenants; tenant servicing is supported through an online Versapay-powered tenant portal and a shopper-facing VIP loyalty program. The flagship assets include Bergen Town Center (Paramus, NJ), Shoppers World (Framingham, MA), Woodmore Towne Centre (Lanham, MD), The Outlets at Montehiedra (San Juan, PR), and Brighton Mills (Boston, MA).

Name

Urban Edge Properties

Legal name

Urban Edge Properties

Website

https://uedge.com

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

101–250 employees

Short description

Urban Edge Properties is a publicly traded REIT (NYSE: UE) that owns, acquires, redevelops, and manages 74 grocery-anchored shopping centers totaling 17.3 million square feet, concentrated in dense, supply-constrained markets along the Washington, D.C. to Boston corridor.

Ownership category

akta.pro rank

Product category

Retail REIT (Shopping Center)

NAICS

Lessors of Other Real Estate Property (53119), Other Financial Vehicles (52599), Offices of Real Estate Agents and Brokers (531210), Other Activities Related to Real Estate (531390)

SIC

Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Shopping center REIT
• Retail real estate
• Property leasing
• Commercial real estate investment
• Retail property management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Retail Property Leasing: Urban Edge generates revenue primarily through leasing retail space to tenants in its shopping centers. This includes base rent, percentage rent based on tenant sales, and recovery of operating expenses. The company focuses on necessity-based and experience-driven retailers including grocery stores, fitness centers, restaurants, and general merchandise retailers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Urban Edge Properties is a real estate investment trust (REIT) that acquires, owns, redevelops, and manages grocery-anchored shopping centers in densely populated markets along the Washington, D.C. to Boston corridor. The company generates revenue primarily by leasing retail space to a mix of national, regional, and local tenants, with a portfolio anchored by necessity-based retailers such as grocers.

Product overview

Urban Edge Properties is a Real Estate Investment Trust (REIT) that operates as a single unified platform for acquiring, owning, redeveloping, and managing shopping centers. The company's core offering consists of its retail property portfolio of 74 properties (17.3 million square feet) concentrated along the Washington D.C. to Boston corridor. The platform encompasses property leasing services (traditional, specialty, and short-term leasing), redevelopment services, and strategic acquisitions. Key properties include Bergen Town Center (NJ), Shoppers World (MA), Woodmore Towne Centre (MD), and The Outlets at Montehiedra (Puerto Rico), among others. The company also provides tenant-facing services including a Tenant Portal and VIP loyalty program. Urban Edge targets grocery-anchored retail properties in high-density, supply-constrained markets, with 80% of assets grocery-anchored and 90% of portfolio NOI generated from the D.C. to Boston corridor.

Differentiator

Problem solved

Functional benefit

Products and services

• Shopping Center Leasing

Quantifiable outcome

• FFO as Adjusted per diluted share of $1.43 in 2025, up 6% year-over-year
• +7 more outcomes

Named customers33 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators26 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Federal Realty Investment Trust: Federal Realty is a leading publicly traded retail REIT focused on high-quality grocery-anchored and mixed-use shopping centers in dense, affluent coastal markets — the most direct strategic comparable to Urban Edge's D.C.-to-Boston corridor focus.
• Phillips Edison & Company: Phillips Edison operates a grocery-anchored shopping center REIT with a national footprint and a similarly disciplined acquisition and redevelopment strategy; closely comparable on tenant profile and unit economics.
• Kimco Realty: Kimco is one of the largest publicly traded retail REITs, owning open-air grocery-anchored shopping centers across major U.S. metro areas; directly comparable to UE on tenant base, lease structure, and capital recycling strategy.
• Kite Realty Group: Kite Realty is a publicly traded open-air shopping center REIT with a similar focus on grocery-anchored assets; comparable on portfolio strategy, tenant mix, and same-property NOI growth approach.
• Regency Centers: Regency Centers is a premier grocery-anchored shopping center REIT with a national footprint and similar tenant mix (Whole Foods, Sprouts, etc.); competes with UE for grocery-anchored acquisitions in dense U.S. submarkets.
• Brixmor Property Group: Brixmor owns and operates a national portfolio of open-air shopping centers anchored by grocery and necessity-based retailers; directly comparable on operating model, anchor-tenant strategy, and value-oriented redevelopment.
• Site Centers: Site Centers (formerly DDR) is a retail REIT focused on open-air shopping centers anchored by necessity-based tenants; comparable on property type, leasing approach, and capital recycling through asset sales.

Emerging players

• Tanger Inc. Tanger is a publicly traded outlet and open-air shopping center REIT; comparable on the outlet component (The Outlets at Montehiedra) and broader retail leasing economics, though Tanger is more outlet-focused.

Broad incumbents

• Phillips Edison & Company (PECO) -- already listed; add: Spirit Realty Capital (now part of Realty Income): Realty Income (post-Spirit Realty merger) is the largest publicly traded net-lease REIT with meaningful retail exposure; operates at much greater scale than UE and competes for capital in the retail real estate sector, though with a different single-tenant net-lease model.
• Macerich: Macerich is a major publicly traded retail REIT with a portfolio that includes regional malls and lifestyle centers; a broader incumbent in retail real estate, comparable to UE on tenant relationships and capital markets activity though with a different asset class mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/people/UEP/100083760543629
• LinkedInlinkedin.com/company/urban-edge-properties
• Instagraminstagram.com/ueproperties
• Xx.com/UEProperties

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Urban Edge Properties