Urban Edge Properties (UE): Business Model Canvas

Urban Edge Properties (UE) entwickelt sich zu einem dynamischen Immobilienunternehmen, das sich strategisch durch die komplexe Landschaft der Investitionen und Verwaltung von Einzelhandelsimmobilien bewegt. Durch die sorgfältige Ausarbeitung eines Geschäftsmodells, das innovative Immobilienentwicklung, strategische Mieterbeziehungen und gezielte Marktexpansion in Großstädten in Einklang bringt, verwandelt UE traditionelle Immobilienansätze in ein anspruchsvolles, wachstumsorientiertes Unternehmen. Ihre einzigartige Leinwand offenbart eine umfassende Strategie, die über den bloßen Besitz von Immobilien hinausgeht und sie als transformative Kraft im städtischen und vorstädtischen Gewerbeimmobilien-Ökosystem positioniert.

Urban Edge Properties (UE) – Geschäftsmodell: Wichtige Partnerschaften

Immobilienentwickler und Immobilienverwaltungsfirmen

Urban Edge Properties unterhält strategische Partnerschaften mit den folgenden Immobilienentwicklungs- und Immobilienverwaltungsunternehmen:

Partner	Einzelheiten zur Partnerschaft	Portfolio-Zusammenarbeit
Kimco Realty Corporation	Joint-Venture-Vereinbarungen	15 gemeinsame Einkaufszentrum-Immobilien
Weingarten Immobilieninvestoren	Strategisches Immobilienaustauschprogramm	8 kollaborative Einzelhandelsentwicklungen

Lokale Kommunalverwaltungen und Zonierungsbehörden

Urban Edge Properties arbeitet mit kommunalen Einrichtungen in strategischen Regionen zusammen:

• Bebauungsabteilungen der Metropolregion New York
• Wirtschaftsentwicklungsagenturen des Staates New Jersey
• Kommunale Planungskommissionen von Philadelphia

Netzwerke für Einzelhandels- und Gewerbemieter

Zu den wichtigsten Mieterpartnerschaften gehören:

Mieterkategorie	Anzahl der Mieter	Auslastung
Lebensmittelanker	22	98.5%
Nationale Einzelhandelsketten	45	96.3%
Lokale Unternehmen	67	94.7%

Anbieter von Bau- und Wartungsdienstleistungen

Urban Edge Properties arbeitet mit spezialisierten Dienstleistern zusammen:

• HVAC-Wartungsunternehmen
• Spezialisten für die Modernisierung elektrischer Systeme
• Dachdecker- und Baureparaturunternehmen
• Landschaftsbau- und Außenwartungsunternehmen

Partnerschaftskennzahlen ab 2024:

Partnerschaftsmetrik	Wert
Gesamtpartnerschaftsvereinbarungen	87
Durchschnittliche Partnerschaftsdauer	5,7 Jahre
Jährliche Partnerschaftsinvestition	12,3 Millionen US-Dollar

Urban Edge Properties (UE) – Geschäftsmodell: Hauptaktivitäten

Erwerb, Entwicklung und Verwaltung von Einzelhandelsimmobilien

Ab 2024 verwaltet Urban Edge Properties ein gesamtes Immobilienportfolio von 77 Immobilien mit einer Bruttomietfläche von 12,1 Millionen Quadratfuß. Das Portfolio konzentriert sich auf dicht besiedelte Ballungsräume im Nordosten der USA.

Eigenschaftsmetrik	Menge
Gesamteigenschaften	77
Gesamtbruttomietfläche	12,1 Millionen Quadratfuß
Auslastung	93.7%

Leasing- und Mieterbeziehungsmanagement

Urban Edge Properties konzentriert sich auf die Pflege starker Mieterbeziehungen durch strategische Leasingansätze.

• Durchschnittliche Mietdauer: 5,2 Jahre
• Mieterbindungsrate: 85,3 %
• Ankermietermix: Lebensmittel, Apotheke und serviceorientierter Einzelhandel

Immobilienrenovierung und strategische Sanierung

Sanierungsmetrik	Daten für 2024
Jährliche Sanierungsinvestition	42,5 Millionen US-Dollar
Anzahl der Immobilien, die renoviert werden	12
Voraussichtlicher Renovierungsertrag	6.3%

Optimierung des Vermögensportfolios und Anlagestrategie

Urban Edge Properties verfolgt eine fokussierte Investitionsstrategie, die auf wachstumsstarke städtische und vorstädtische Märkte abzielt.

• Gesamtwert des Anlageportfolios: 2,1 Milliarden US-Dollar
• Geografische Konzentration: Nordosten der Vereinigten Staaten
• Investitionsschwerpunkt: Nachbarschafts-Einkaufszentren mit Lebensmittelgeschäften

Urban Edge Properties (UE) – Geschäftsmodell: Schlüsselressourcen

Hochwertiges Einzelhandelsimmobilienportfolio

Im vierten Quartal 2023 besitzt Urban Edge Properties 76 Einkaufszentren mit einer Gesamtverkaufsfläche von 12,1 Millionen Quadratfuß, die sich hauptsächlich im Nordosten und im mittleren Atlantik der USA befinden.

Portfolio-Metrik	Menge
Insgesamt Einkaufszentren	76
Gesamtaufnahme des Einzelhandelsplatzes	12,1 Millionen Quadratfuß
Auslastung	93.7%

Starkes Finanzkapital und Investitionsmöglichkeiten

Urban Edge Properties verfügt über solide Finanzressourcen mit den folgenden Schlüsselkennzahlen:

Finanzkennzahl	Betrag
Marktkapitalisierung	3,8 Milliarden US-Dollar
Gesamtvermögen	4,2 Milliarden US-Dollar
Gesamtverschuldung	1,6 Milliarden US-Dollar

Erfahrenes Management- und Immobilien-Profiteam

Das Führungsteam von Urban Edge Properties besteht aus Fachleuten mit umfassender Immobilienerfahrung.

• Gesamtzahl der Mitarbeiter: 185
• Durchschnittliche Managementerfahrung: 18 Jahre
• Führungsteam: 7 leitende Angestellte

Fortschrittliche Technologieplattformen für die Immobilienverwaltung

Technologieinvestitionen zur Unterstützung der betrieblichen Effizienz:

• Digitales Mietverwaltungssystem
• Plattform zur Belegungsverfolgung in Echtzeit
• Zentralisierte Software zur Nachverfolgung der Immobilienwartung

Technologieinvestitionen	Jährliche Ausgaben
IT-Infrastruktur	2,3 Millionen US-Dollar
Cybersicherheit	$750,000

Urban Edge Properties (UE) – Geschäftsmodell: Wertversprechen

Erstklassige Einzelhandelsimmobilienstandorte in städtischen und vorstädtischen Märkten

Urban Edge Properties unterhält ein Portfolio von 72 Einzelhandelsimmobilien in sieben Bundesstaaten mit einer Gesamtverkaufsfläche von 12,7 Millionen Quadratmetern. Im vierten Quartal 2023 hat das Immobilienportfolio des Unternehmens einen Wert von 2,4 Milliarden US-Dollar, wobei der Schwerpunkt auf Ballungsräumen mit hoher Bevölkerungsdichte liegt.

Immobilientyp	Anzahl der Eigenschaften	Gesamtquadratzahl
Lebensmittelverankerte Zentren	48	7,2 Millionen Quadratfuß
Community-Einzelhandelszentren	24	5,5 Millionen Quadratfuß

Stabile und konsistente Einkommensströme von Gewerbemietern

Urban Edge Properties berichtet a 97,4 % Auslastung Stand: 31. Dezember 2023. Die durchschnittliche Mietdauer beträgt 6,2 Jahre, mit einer jährlichen Grundmiete von 22,75 $ pro Quadratfuß.

• Zusammensetzung der Mieter:
  • Lebensmittel: 35 %
  • Apotheke: 15 %
  • Facheinzelhandel: 25 %
  • Dienstleistungsunternehmen: 25 %

Strategisches Immobilienportfolio für wachstumsstarke Metropolregionen

Die geografische Verteilung der Immobilien umfasst:

Region	Anzahl der Eigenschaften	Prozentsatz des Portfolios
New Yorker Metro	32	44.4%
New Jersey Metro	22	30.6%
Pennsylvania Metro	18	25%

Wertschöpfende Immobilienverwaltungs- und Entwicklungsdienstleistungen

Im Jahr 2023 investierte Urban Edge Properties 87,3 Millionen US-Dollar in Immobilienverbesserungen und Sanierungsprojekte. Das Unternehmen schloss sechs große Renovierungsprojekte mit einer durchschnittlichen Kapitalrendite von 12,5 % ab.

• Investitionen zur Immobilienverbesserung:
• Fassadenaufwertungen
• Verbesserungen der technologischen Infrastruktur
• Parkplatzsanierung
• Energieeffizienzverbesserungen

Urban Edge Properties (UE) – Geschäftsmodell: Kundenbeziehungen

Langfristige Strategien zur Mieterbindung und -bindung

Urban Edge Properties weist im vierten Quartal 2023 eine Mieterbindungsrate von 85,3 % auf, mit einer durchschnittlichen Mietverlängerungsrate von 72,6 % im gesamten Portfolio.

Mieterbindungsmetrik	Prozentsatz
Gesamtmieterbindungsrate	85.3%
Mietverlängerungsrate	72.6%
Durchschnittliche Mietdauer der Mieter	4,2 Jahre

Personalisierte Unterstützung bei der Immobilienverwaltung

Urban Edge Properties bietet eine dedizierte Kontoverwaltung für Mieter mit einem jährlichen Mietwert von mehr als 250.000 US-Dollar.

• Online-Wartungsanforderungssystem rund um die Uhr
• Engagiertes Immobilienverwaltungsteam
• Vierteljährliche Umfragen zur Mieterzufriedenheit
• Maßgeschneiderte Mietverhandlungsdienstleistungen

Digitale Kommunikations- und Mieterserviceplattformen

Das digitale Mieterportal des Unternehmens verarbeitet durchschnittlich 3.247 monatliche Serviceanfragen mit einer Erstkontakt-Lösungsrate von 92,5 %.

Digitale Plattformmetrik	Leistung
Monatliche Serviceanfragen	3,247
Lösungsrate beim ersten Kontakt	92.5%
Akzeptanz mobiler App-Benutzer	68.3%

Regelmäßige Aktualisierungen der Immobilienleistung und Investitionen

Urban Edge Properties bietet vierteljährliche Anlegerkommunikation mit detaillierten Portfolio-Leistungskennzahlen für 1.872 institutionelle und individuelle Interessengruppen.

• Vierteljährliche Telefonkonferenzen für Investoren
• Detaillierte finanzielle Leistungsberichte
• Jährliche Präsentation zum Investorentag
• Zugriff auf das Investment-Dashboard in Echtzeit

Urban Edge Properties (UE) – Geschäftsmodell: Kanäle

Direktvermietungsteams und Immobilienverwaltungsbüros

Urban Edge Properties unterhält 25 Direktvermietungsbüros im gesamten Großraum New York. Das Unternehmen beschäftigt im vierten Quartal 2023 87 engagierte Leasing-Experten.

Standorttyp	Anzahl der Büros	Insgesamt verwaltete Quadratmeter
Metropolregion New York	25	4,1 Millionen Quadratfuß

Online-Plattformen für Immobilienanzeigen und Mieterkommunikation

Urban Edge Properties nutzt eine proprietäre digitale Plattform mit den folgenden Spezifikationen:

• Digitale Plattform im Jahr 2022 gestartet
• 96,4 % digitale Engagementrate der Mieter
• Echtzeit-Wartungsanfragesystem
• Möglichkeiten zur Online-Mietzahlung

Plattformmetrik	Leistung 2023
Monatlich aktive Benutzer	12,500
Digitale Mietunterzeichnungen	68 % der gesamten Mietverträge

Konferenzen und Networking-Events zu Immobilieninvestitionen

Urban Edge Properties nimmt jährlich an 17 nationalen und regionalen Immobilieninvestitionskonferenzen teil.

Ereignistyp	Anzahl der Ereignisse	Gesamtzahl der Anlegerinteraktionen
Nationale Konferenzen	8	423 direkte Investorentreffen
Regionale Konferenzen	9	312 direkte Investorentreffen

Websites für digitales Marketing und Immobilienpräsentationen

Die digitale Marketingstrategie umfasst gezielte Online-Werbung und umfassende Immobilien-Websites.

Digitale Marketingmetrik	Leistung 2023
Website-Traffic	215.000 monatliche Besucher
Social-Media-Follower	LinkedIn: 22.300 Instagram: 15.600
Ausgaben für digitale Werbung	1,2 Millionen US-Dollar pro Jahr

Urban Edge Properties (UE) – Geschäftsmodell: Kundensegmente

Einzelhandels- und Gewerbemieter

Ab 2024 verwaltet Urban Edge Properties ein Portfolio von 78 Einzelhandelsimmobilien in 12 Bundesstaaten mit einer gesamten Bruttomietfläche von 12,7 Millionen Quadratfuß.

Immobilientyp	Anzahl der Eigenschaften	Gesamtquadratzahl
Lebensmittelverankerte Zentren	42	6,3 Millionen Quadratfuß
Machtzentren	22	4,8 Millionen Quadratfuß
Community-Einzelhandelszentren	14	1,6 Millionen Quadratfuß

Nationale und regionale Einzelhandelskettenmarken

Urban Edge Properties beherbergt in seinem Portfolio mehrere nationale Einzelhandelsketten.

• Kroger: 18 Ankermieterstandorte
• Walmart: 12 Ankermieterstandorte
• Ziel: 8 Ankermieterstandorte
• CVS-Apotheke: 22 eigenständige und integrierte Standorte

Kleine bis mittlere lokale Unternehmen

Der REIT unterstützt das lokale Geschäftsökosystem mit einem vielfältigen Mietermix.

Unternehmenskategorie	Anzahl der Mieter	Prozentsatz des Portfolios
Restaurants	126	14.3%
Professionelle Dienstleistungen	89	10.1%
Fitness-/Wellnesszentren	42	4.8%

Immobilieninvestoren und institutionelle Investmentgruppen

Urban Edge Properties lockt institutionelle Investoren mit strategischem Immobilienportfolio.

• Gesamtmarktkapitalisierung: 3,2 Milliarden US-Dollar
• Institutioneller Besitz: 89,7 %
• Top institutionelle Anleger:
  • Vanguard-Gruppe: 12,4 %
  • BlackRock: 9,6 %
  • State Street Corporation: 7,3 %

Urban Edge Properties (UE) – Geschäftsmodell: Kostenstruktur

Kosten für Immobilienerwerb und -entwicklung

Im Jahr 2023 meldete Urban Edge Properties Gesamtkosten für den Immobilienerwerb in Höhe von 198,3 Millionen US-Dollar. Die Investitionsausgaben des Unternehmens für die Immobilienentwicklung beliefen sich im Geschäftsjahr auf 76,5 Millionen US-Dollar.

Kostenkategorie	Betrag ($)
Landerwerb	83,600,000
Baukosten	62,700,000
Architektur- und Designgebühren	14,200,000

Laufende Kosten für die Instandhaltung und Renovierung von Immobilien

Die jährlichen Instandhaltungskosten für Urban Edge Properties beliefen sich im Jahr 2023 auf insgesamt 42,6 Millionen US-Dollar.

• Routinewartung: 18,3 Millionen US-Dollar
• Größere Renovierungen: 24,3 Millionen US-Dollar

Gehälter für Betriebs- und Managementpersonal

Die gesamten Personalkosten für Urban Edge Properties beliefen sich im Jahr 2023 auf 37,2 Millionen US-Dollar.

Personalkategorie	Jährliche Gehaltskosten ($)
Geschäftsleitung	8,900,000
Immobilienverwaltung	15,600,000
Verwaltungspersonal	12,700,000

Investitionen in Technologie und digitale Infrastruktur

Urban Edge Properties investierte im Jahr 2023 6,4 Millionen US-Dollar in Technologie und digitale Infrastruktur.

• IT-System-Upgrades: 3,2 Millionen US-Dollar
• Verbesserungen der Cybersicherheit: 1,5 Millionen US-Dollar
• Digitale Immobilienverwaltungsplattformen: 1,7 Millionen US-Dollar

Gesamtkostenstruktur für 2023: 284,6 Millionen US-Dollar

Urban Edge Properties (UE) – Geschäftsmodell: Einnahmequellen

Mieteinnahmen aus Gewerbemietverträgen

Urban Edge Properties erzielte im Geschäftsjahr 2023 einen Gesamtmietumsatz von 225,3 Millionen US-Dollar. Das Portfolio besteht aus 74 Einzelhandelsimmobilien mit einer Gesamtmietfläche von 12,7 Millionen Quadratfuß.

Immobilientyp	Mieteinnahmen	Auslastung
Einzelhandelszentren	195,7 Millionen US-Dollar	93.4%
Einkaufskomplexe	29,6 Millionen US-Dollar	91.2%

Immobilienwertsteigerung und Kapitalgewinne

Im Jahr 2023 meldete Urban Edge Properties einen Gesamtwert des Immobilienportfolios von 3,8 Milliarden US-Dollar, was einer Wertsteigerung von 5,6 % gegenüber dem Vorjahr entspricht.

• Gesamtwertsteigerung der Immobilie: 207,2 Millionen US-Dollar
• Nicht realisierte Kapitalgewinne: 132,5 Millionen US-Dollar
• Durchschnittliche Immobilienwertsteigerung pro Vermögenswert: 2,8 Millionen US-Dollar

Gebühren für den Hausverwaltungsservice

Die Gebühren für Immobilienverwaltungsdienstleistungen beliefen sich im Jahr 2023 auf insgesamt 12,4 Millionen US-Dollar, was 4,2 % der gesamten Einnahmequellen entspricht.

Servicekategorie	Gebühreneinnahmen	Prozentsatz der Gesamtsumme
Vermögensverwaltung	7,2 Millionen US-Dollar	58%
Wartungsdienste	3,6 Millionen US-Dollar	29%
Beratungsleistungen	1,6 Millionen US-Dollar	13%

Strategischer Immobilienverkauf und Portfolio-Neuausrichtung

Urban Edge Properties hat im Jahr 2023 Immobilienverkäufe im Gesamtwert von 287,6 Millionen US-Dollar abgeschlossen, mit einem Nettogewinn von 42,3 Millionen US-Dollar aus strategischen Vermögensverkäufen.

• Insgesamt verkaufte Immobilien: 12
• Durchschnittlicher Verkaufspreis pro Immobilie: 23,97 Millionen US-Dollar
• Bruttoerlös aus Immobilienverkäufen: 287,6 Millionen US-Dollar
• Nettogewinn aus Verkäufen: 42,3 Millionen US-Dollar

Urban Edge Properties (UE) - Canvas Business Model: Value Propositions

You're looking at the core value Urban Edge Properties (UE) delivers to its tenants and investors as of late 2025. It's all about owning irreplaceable, high-density locations and maximizing their potential through focused capital deployment.

High-traffic, grocery-anchored centers (about 80% of portfolio)

• Portfolio NOI generated from properties along the D.C. to Boston corridor: 90%.
• Percentage of assets anchored by grocery stores: 80%.
• 3-Mile Median Household Income for the portfolio: $95K.
• 3-Mile Population Density for the portfolio: 200K people.

The quality of these locations is reflected in leasing performance as of the third quarter of 2025:

Metric	Value (Q3 2025)	Context
Same-Property Portfolio Leased Occupancy	96.6%	As of September 30, 2025
Shop Leased Occupancy	92.5%	As of September 30, 2025
Year-to-Date Average Cash Leasing Spread on New Leases	40%	Reported for the first nine months of 2025
Q3 2025 New Lease Same-Space Cash Spread	61.0%	Driven by anchor tenant backfills like HomeGoods and Ross

Redevelopment projects yielding an expected 15% return

Urban Edge Properties (UE) actively invests capital to increase property value and future income streams. The returns targeted on this work are sector-leading.

• Active redevelopment pipeline as of Q3 2025: $149.1 million.
• Estimated yield expected from the active redevelopment projects: 15%.
• Projects stabilized over the last 12 months (as of Q3 2025) achieved a blended yield of 17%, totaling $49 million.
• Estimated remaining costs to complete on the active pipeline (Q3 2025): $72.5 million.

This strategy is complemented by disciplined capital recycling. For example, the acquisition of Brighton Mills Shopping Center in the Boston area cost $39 million.

Stable, necessity-based retail locations resilient to e-commerce pressure

The focus on grocery-anchored centers in dense, supply-constrained markets provides a defensive characteristic. This is visible in the high occupancy and strong rent growth metrics.

• Same-property Net Operating Income (NOI) growth for Q3 2025 (including redevelopment): 4.7% year-over-year.
• FFO as Adjusted per diluted share for Q3 2025: $0.36.
• Raised full-year 2025 FFO as Adjusted guidance midpoint: $1.43 per diluted share (representing 6% growth over 2024).

Enhanced community hubs through property modernization

Modernization is executed through redevelopment and strategic acquisitions in high-growth submarkets. The company aims to improve the local community fabric while driving returns.

The company is focused on leasing up vacant spaces, which directly enhances the tenant mix and community experience. As of Q3 2025, signed leases not yet commenced are expected to generate an additional $21.5 million of future annual gross rent, representing approximately 7% of current annualized NOI.

Urban Edge Properties (UE) - Canvas Business Model: Customer Relationships

You're looking at how Urban Edge Properties (UE) manages the crucial connections with the people who pay the rent and the investors who fund the properties. For a REIT like Urban Edge Properties, customer relationships are about long-term stability, high-quality tenancy, and transparent communication with shareholders.

Long-term, triple-net lease agreements with anchor tenants

Urban Edge Properties structures its relationships with major tenants around long-term commitments, which is standard for a triple-net lease (NNN) structure where the tenant handles most property operating expenses. The focus is clearly on maintaining high anchor occupancy, which provides stability to the entire shopping center ecosystem. As of Q2 2025, anchor occupancy stood at 97.4%, showing strong commitment from these key partners. The company has a history of owning properties where they only hold a long-term leasehold or similar interest, meaning lease continuity is paramount to asset value. Furthermore, the leasing strategy actively addresses anchor vacancies; for instance, in Q3 2025, leasing activity included anchor leases with HomeGoods and Ross, helping to backfill spaces.

Dedicated property management for tenant retention and satisfaction

The operational side of customer relationship management centers on property management and tenant retention. Urban Edge Properties aims for high retention, evidenced by a 95% tenant retention rate reported in Q1 2025. This operational success feeds directly into occupancy metrics. By Q3 2025, the shop occupancy rate held steady at a high of 92.5%, following a record high of 92.5% in Q2 2025. The overall same-property portfolio leased occupancy was 96.6% as of September 30, 2025. These figures suggest property management is effectively maintaining the physical assets and tenant environments within their densely populated markets in the Washington, D.C. to Boston corridor.

Proactive investor relations for a REIT structure

As a Real Estate Investment Trust (REIT), the relationship with the investment community is a primary customer focus. Urban Edge Properties communicates its financial health and future outlook clearly. As of Q2 2025, the company reported a market capitalization of $2.59 billion and an attractive dividend yield of 3.88%. Management has shown confidence by raising its 2025 FFO as adjusted guidance by $0.01 per share at the midpoint to a new range of $1.42 to $1.44 per share, representing 6% growth over 2024 at the midpoint. Furthermore, the balance sheet strength supports this relationship, with total liquidity around $800 million reported in Q2 2025. The net debt to annualized EBITDA ratio was 5.5x in Q2 2025.

Leasing teams focused on securing high-quality, diverse tenants

The leasing teams are tasked with ensuring the tenant base is both high-quality and diverse, which mitigates risk. Urban Edge Properties maintains a strong tenant mix, with 95% of tenants being national or regional names as of Q2 2025. The leasing execution is generating significant rent growth. Year-to-date through Q3 2025, leasing spreads averaged 40% on new leases and nearly 10% on renewals. This focus on high-value leasing is also reflected in the pipeline of future revenue. As of September 30, 2025, signed leases that have not yet commenced rent are projected to generate an additional $21.5 million in future annual gross rent, which is approximately 7% of the current annualized NOI.

Here's a quick look at the recent leasing performance metrics:

Metric	Period/Date	Value
New Leases Cash Spread (Same-Space Basis)	Q1 2025	34.3%
New Leases Cash Spread (Same-Space Basis)	Q2 2025	18.8%
Year-to-Date New Lease Spread	Q3 2025	40%
Q3 2025 New Leases Spread (11 deals)	Q3 2025	61%
Total Leasing Activity (SF)	Q3 2025	347,000 square feet
Signed Not Open (SNO) Future Annual Rent	September 30, 2025	$21.5 million

The relationship with tenants is also strengthened by ongoing investment in the centers themselves. The company completed five redevelopment projects in Q2 2025 and has a current redevelopment pipeline totaling $149 million with a projected yield of 15%. This commitment to improving the physical space is a tangible demonstration of partnership to the existing customer base.

• Focus on essential and daily-need retail categories.
• Portfolio concentrated in supply-constrained urban markets.
• Redevelopment projects are largely pre-leased, limiting risk.
• Capital recycling strategy involves selling non-core assets at a 5% cap rate.
• Acquisitions, like Brighton Mills Shopping Center for $39 million, are grocery-anchored.

Urban Edge Properties (UE) - Canvas Business Model: Channels

You're looking at how Urban Edge Properties (UE) gets its value proposition-high-quality, densely located retail space-to its customers, which are both tenants and capital providers. The channels they use are very direct, which makes sense for a REIT focused on hands-on management in supply-constrained markets.

Direct In-House Leasing Team

Urban Edge Properties relies heavily on its internal team to drive leasing activity across its portfolio. This direct approach helps them maintain control over tenant mix and lease terms. For instance, in the first quarter of 2025, the team executed 434,000 square feet across new leases, renewals, and options. New leases alone accounted for 118,000 square feet in that quarter. You can reach their leasing department directly via the phone number listed as (844) 614-4114. This team is responsible for capturing the value from their signed-but-not-commenced pipeline, which was expected to generate an additional $25.1 million in future annual gross rent as of March 31, 2025.

Investor Relations Website and SEC Filings for Capital Markets

For capital markets communication, the primary channel is the investor relations section of their website, www.uedge.com. This is where they push out all the required regulatory information, like the Form 10-Q filed on July 30, 2025. They also use this site to host webcasts for earnings calls, such as the one for the Third Quarter 2025 results on October 29, 2025. You'll find their latest investor presentations there, including documents from September, July, June, and February of 2025. This transparency supports their stated conservative balance sheet, which reported a net debt to total market capitalization of 34% as of the third quarter of 2025.

Property Management Offices at Each Center

The operational channel involves a physical presence at the assets. Urban Edge Properties maintains property management offices at each of its centers to manage the day-to-day operations and tenant relationships. While the prompt refers to 76 centers, the Q1 2025 reports indicated the portfolio consisted of 74 properties totaling 17.3 million square feet of gross leasable area. This local management structure supports their focus on densely populated, supply-constrained markets along the D.C. to Boston corridor.

Real Estate Brokers for Non-Core Asset Dispositions

When Urban Edge Properties recycles capital by selling non-core assets, they utilize real estate brokers. This is a key part of their capital recycling strategy. For example, year-to-date through the third quarter of 2025, they completed dispositions totaling $66 million. This included the sale of two non-core properties for $41 million in June 2025. These year-to-date sales were executed at a weighted average capitalization rate of 4.9%. To give you context on their recent activity, in 2024, they sold $109 million of non-core assets at a 5.2% capitalization rate.

Here's a quick look at the portfolio and disposition numbers as of late 2025:

Metric	Value/Amount	Period/Context
Properties Owned (Most Recent Count)	74	As of March 31, 2025
Gross Leasable Area (GLA)	17.3 million square feet	As of March 31, 2025
Year-to-Date Dispositions (2025)	$66 million	As of October 29, 2025
Weighted Average Cap Rate on 2025 YTD Dispositions	4.9%	Year-to-Date 2025
Q2 2025 Non-Core Dispositions	$41 million (2 properties)	June 2025
2024 Non-Core Dispositions	$109 million	Full Year 2024
Net Debt to Total Market Capitalization	34%	As of September 30, 2025

The direct leasing team is clearly the engine for their leasing channel, while the investor website serves as the central hub for capital market transparency. The property management structure is decentralized to support the physical assets. Finance: draft 13-week cash view by Friday.

Urban Edge Properties (UE) - Canvas Business Model: Customer Segments

You're looking at the core groups Urban Edge Properties (UE) serves, which directly dictates how they structure their leasing and capital allocation. This isn't just about square footage; it's about the type of commerce that thrives in their specific, supply-constrained urban locations.

National Grocery and Discount Retailers

This segment represents the essential anchors that drive consistent traffic to Urban Edge Properties centers. The company has historically focused on this necessity-based retail, with the portfolio being 80% grocery-anchored at the end of 2024, where grocers averaged $900 in sales per square foot. Anchor occupancy remains high, reported at 97.2% as of the third quarter of 2025, despite a 20 basis point decline from the prior quarter. Leasing activity in Q3 2025 included anchor leases with tenants like HomeGoods and Ross, with new leases generating a 61% spread on those specific deals.

Local and Regional Small Shop Tenants

Small shops are the lifeblood of the center's daily appeal, and their performance is a key indicator of overall center health. As you noted, shop occupancy is a critical metric. As of the second and third quarters of 2025, shop leased occupancy reached a record high of 92.5%. The company is actively working to improve this further, targeting shop occupancy to exceed 93% by the end of 2025. Urban Edge Properties maintains a strong tenant mix, reporting that 95% of tenants are national and regional operators as of Q2 2025.

The leasing momentum shows strong demand across the board:

• Year-to-date leasing spreads on new deals averaged 40% through Q3 2025.
• New leases in Q3 2025 generated an average cash spread of 21%.
• Renewals year-to-date through Q3 2025 averaged nearly 10%.

Institutional and Individual Investors Seeking Dividend Income from a REIT

For investors, Urban Edge Properties is positioned as an income-generating Real Estate Investment Trust (REIT). The company declared a quarterly common dividend of $0.19 per share in November 2025. This followed a 12% dividend increase announced in early 2025, setting the annualized dividend at $0.76 per share. As of Q2 2025, the stock offered an attractive dividend yield of 3.88%. The balance sheet supports this, with net debt to total market capitalization at 34% as of Q3 2025.

Here's a quick look at the financial metrics relevant to investor confidence:

Metric	Value (As of Q2/Q3 2025)	Period/Context
FFO as Adjusted (Q3 2025)	$0.36 per share	Quarterly result
2025 FFO as Adjusted Guidance (Raised)	$1.42 to $1.44 per share	Full-year outlook
Same-Property NOI Growth (Q3 2025)	4.7% year-over-year	Including redevelopment
Total Liquidity	Approximately $800 million	As of Q2 2025

Consumers in Dense, Urban Communities Who Use Necessity-Based Retail

The fundamental customer segment is the population living near the properties. Urban Edge Properties focuses on owning, managing, and acquiring centers in the most densely populated, supply-constrained markets in the country. This focus means the consumer base is characterized by high density and high income potential. For instance, the 3-mile trade area around the Brighton Mills acquisition in the Boston area has 449,000 people with average household incomes of $170,000. The portfolio benefits from a 9K 3-mile population density metric. This demographic profile supports the necessity-based retail model, as these consumers rely on the local centers for daily needs.

Urban Edge Properties (UE) - Canvas Business Model: Cost Structure

Interest and debt expense remains a significant cost component for Urban Edge Properties, reflecting the capital-intensive nature of real estate ownership. For the full-year 2025 outlook, Urban Edge Properties guided for interest and debt expense ranging from $\$78.5$ million to $\$80.5$ million. This is based on their debt structure, which as of June 30, 2025, included mortgages payable of $\$1.53$ billion, with a weighted average term to maturity of $4.3$ years, all fixed rate or hedged.

Recurring General and Administrative (G&A) expenses are managed tightly, with management providing specific guidance. The latest full-year 2025 outlook for recurring G&A expenses is set in a range of $\$34.5$ million to $\$35.5$ million. This figure reflects management's continued efforts to control third-party spending and internal costs, including headcount.

The costs associated with maintaining and enhancing the portfolio are substantial. Urban Edge Properties has active capital projects underway to drive future returns. As of June 30, 2025, the Company reported $\$141.8$ million of active redevelopment projects underway, with estimated remaining costs to complete of $\$76.6$ million. This compares to the Q1 2025 figure where they had $\$156.4$ million in active projects underway with estimated remaining costs of $\$84.8$ million.

To give you a clearer picture of the scale of these costs, here is a snapshot of key financial figures and guidance points for the 2025 fiscal year or the latest reported quarter:

Cost/Expense Category	Financial Figure (2025)	Period/Context
Interest and Debt Expense (Guidance Range)	$\$78.5$ million to $\$80.5$ million	Full Year 2025 Outlook
Recurring General and Administrative (G&A) Expenses (Guidance Range)	$\$34.5$ million to $\$35.5$ million	Full Year 2025 Outlook
Total Operating Expenses	$\$85.67$ million	Quarter Ending September 2025
Active Redevelopment Projects Underway	$\$141.8$ million	As of June 30, 2025
Estimated Remaining Costs for Active Redevelopment	$\$76.6$ million	As of June 30, 2025

Property operating expenses, which include real estate taxes, utilities, and insurance, are generally managed at the property level and factored into the Net Operating Income (NOI) calculation, which is reported separately. The total reported Operating Expenses for the quarter ending September 2025 was $\$85.67$ million.

You should also note the debt maturity schedule impacts refinancing costs. As of June 30, 2025, Urban Edge Properties had limited debt maturities coming due through 2026, aggregating $\$138.3$ million, which represented approximately 9% of outstanding debt. This included one mortgage of $\$23.5$ million maturing in December 2025.

• Debt maturities through 2026: $\$138.3$ million.
• Mortgages payable as of June 30, 2025: $\$1.53$ billion.
• Debt maturing in December 2025: $\$23.5$ million.
• Debt maturing in December 2026: $\$114.8$ million.

Urban Edge Properties (UE) - Canvas Business Model: Revenue Streams

You're looking at the core ways Urban Edge Properties (UE) brings in money, which is pretty standard for a retail Real Estate Investment Trust (REIT), but with a focus on necessity-based centers. The revenue streams are built on long-term leases, operational efficiency, and strategic asset management. Honestly, the primary driver is the rent roll.

Rental income from minimum rents is the bedrock of the Urban Edge Properties model. This is the fixed, contractual rent paid by tenants under their leases, which provides the stability you want to see in a REIT portfolio. While specific minimum rent figures aren't broken out separately from total revenue in the latest filings, the overall health of this stream is reflected in the strong operational metrics.

The company's focus on necessity-based retail, with its portfolio being about 80% grocery-anchored as of early 2025, supports this base rent collection. The projected full-year 2025 revenue, according to analyst estimates, is pegged around $471.87 million. This figure is overwhelmingly composed of these rental payments.

Tenant reimbursement revenue (recoveries) from operating expenses is the second key component. This covers the costs tenants pay back to Urban Edge Properties for property operating expenses, often called NNN (triple net) or operating expense recoveries. The latest results confirm this stream is growing; for the nine months ended September 30, 2025, increases in same-property Net Operating Income (NOI) were driven by rent commencements and higher net recovery revenue.

The third, more variable stream comes from gains on the sale of non-core real estate assets. This is capital recycling-selling properties that no longer fit the core strategy to fund acquisitions or pay down debt. We saw concrete activity here in 2025:

• Year-to-date through the second quarter of 2025, Urban Edge Properties had sold $66 million of assets at a weighted average capitalization rate of 4.9%.
• The sale of two non-core properties closed in June 2025 for $41 million.
• The nine months ended September 30, 2025, included a $49.7 million gain on sale related to three non-core dispositions completed in the second quarter of 2025.
• In the first quarter of 2025, the company sold a portion of its Bergen Town Center East property for $25 million.

Here's a look at how the overall financial picture for 2025 is shaping up, which gives context to the revenue base:

Metric	Financial Number/Projection
Projected Full-Year 2025 Revenue (Analyst Estimate)	$471.87 million
FFO as Adjusted Guidance Midpoint (Full Year 2025)	$1.43 per diluted share
Same-Property NOI Growth Target (Midpoint, 2025)	3.5%
Gross Rents Expected from Signed-but-not-Open Pipeline (2025)	$8 million
Total Dispositions Year-to-Date (as of Q2 2025)	$66 million

The recurring revenue from rents and recoveries is what drives the FFO as Adjusted guidance, which was raised to a range of $1.42 to $1.44 per diluted share for the full year 2025 following strong Q3 results. That's the real story behind the minimum rents. If onboarding takes 14+ days, churn risk rises, but their leasing pipeline is helping offset that. Finance: draft 13-week cash view by Friday.