Propriedades Urban Edge (UE): Modelo de negócios Canvas [Jan-2025 Atualizado]

A Urban Edge Properties (UE) surge como uma potência imobiliária dinâmica, navegando estrategicamente no cenário complexo do investimento e gerenciamento de propriedades no varejo. Ao criar meticulosamente um modelo de negócios que equilibra o desenvolvimento inovador de propriedades, as relações estratégicas de inquilinos e a expansão metropolitana do mercado, a UE transforma as abordagens imobiliárias tradicionais em uma empresa sofisticada e orientada para o crescimento. Sua tela única revela uma estratégia abrangente que vai além da mera propriedade de propriedades, posicionando -as como uma força transformadora nos ecossistemas imobiliários comerciais urbanos e suburbanos.

Urban Edge Properties (UE) - Modelo de negócios: Parcerias -chave

Recomendações imobiliárias e empresas de gerenciamento de propriedades

A Urban Edge Properties mantém parcerias estratégicas com as seguintes entidades de desenvolvimento imobiliário e gerenciamento de propriedades:

Parceiro	Detalhes da parceria	Colaboração de portfólio
Kimco Realty Corporation	Acordos de joint venture	15 Propriedades do Shopping Shopping Shopping
Weingarten Realty Investors	Programa de Troca de Propriedades Estratégicos	8 desenvolvimentos colaborativos de varejo

Governos municipais locais e autoridades de zoneamento

A Urban Edge Properties colabora com entidades municipais em regiões estratégicas:

• Departamentos de Zoneamento da Área Metropolitana de Nova York
• Agências de Desenvolvimento Econômico do Estado de Nova Jersey
• Comissões de planejamento municipal da Filadélfia

Redes de inquilinos comerciais e de varejo

As principais parcerias de inquilinos incluem:

Categoria de inquilino	Número de inquilinos	Taxa de ocupação
Âncoras de supermercado	22	98.5%
Cadeias nacionais de varejo	45	96.3%
Empresas locais	67	94.7%

Provedores de serviços de construção e manutenção

A Urban Edge Properties faz parceria com provedores de serviços especializados:

• Empreiteiros de manutenção de HVAC
• Especialistas em atualização do sistema elétrico
• Empresas de cobertura e reparo estrutural
• Empresas de paisagismo e manutenção externa

Métricas de parceria em 2024:

Métrica de Parceria	Valor
Acordos totais de parceria	87
Duração média da parceria	5,7 anos
Investimento anual de parceria	US $ 12,3 milhões

Urban Edge Properties (UE) - Modelo de negócios: Atividades -chave

Adquirir, desenvolver e gerenciar propriedades focadas no varejo

A partir de 2024, a Urban Edge Properties gerencia um portfólio de propriedades totais de 77 propriedades, compreendendo 12,1 milhões de pés quadrados de área arrepiada bruta. O portfólio está concentrado em áreas metropolitanas densamente povoadas no nordeste dos Estados Unidos.

Métrica de propriedade	Quantidade
Propriedades totais	77
Área Lasível Bruta Total	12,1 milhões de pés quadrados
Taxa de ocupação	93.7%

Leasing e Gerenciamento de Relacionamento Inquilino

A Urban Edge Properties se concentra em manter fortes relações de inquilinos por meio de abordagens estratégicas de leasing.

• Termo médio de arrendamento: 5,2 anos
• Taxa de retenção de inquilinos: 85,3%
• Mix de inquilinos âncora: mercearia, farmácia e varejistas orientados a serviços

Renovação de propriedades e reconstrução estratégica

Métrica de reconstrução	2024 dados
Investimento anual de reconstrução	US $ 42,5 milhões
Número de propriedades em reforma	12
Rendimento projetado de renovação	6.3%

Estratégia de otimização e investimento de portfólio de ativos

A Urban Edge Properties mantém uma estratégia de investimento focada direcionada aos mercados urbanos e suburbanos de alto crescimento.

• Valor total da carteira de investimento: US $ 2,1 bilhões
• Concentração geográfica: nordeste dos Estados Unidos
• Foco de investimento: Centers comerciais de bairro ancorados ancorados

Propriedades Urban Edge (UE) - Modelo de negócios: Recursos -chave

Portfólio imobiliário de varejo de alta qualidade

A partir do quarto trimestre de 2023, a Urban Edge Properties possui 76 shopping centers, totalizando 12,1 milhões de pés quadrados de espaço de varejo, localizados principalmente nas regiões nordeste e meio do Atlântico dos Estados Unidos.

Métrica do portfólio	Quantidade
Total de shopping centers	76
Quadra quadrada total de varejo	12,1 milhões de pés quadrados
Taxa de ocupação	93.7%

Fortes capital financeiro e capacidades de investimento

A Urban Edge Properties mantém recursos financeiros robustos com as seguintes métricas importantes:

Métrica financeira	Quantia
Capitalização de mercado	US $ 3,8 bilhões
Total de ativos	US $ 4,2 bilhões
Dívida total	US $ 1,6 bilhão

Gestão experiente e equipe profissional imobiliária

A equipe de liderança da Urban Edge Properties compreende profissionais com extensa experiência imobiliária.

• Total de funcionários: 185
• Experiência de gerenciamento médio: 18 anos
• Equipe de liderança executiva: 7 executivos seniores

Plataformas avançadas de tecnologia de gerenciamento de propriedades

Investimentos de tecnologia que apoiam a eficiência operacional:

• Sistema de gerenciamento de arrendamento digital
• Plataforma de rastreamento de ocupação em tempo real
• Software de rastreamento de manutenção de propriedades centralizadas

Investimento em tecnologia	Despesas anuais
Infraestrutura de TI	US $ 2,3 milhões
Segurança cibernética	$750,000

Propriedades Urban Edge (UE) - Modelo de Negócios: Proposições de Valor

Locais de propriedade de varejo principal em mercados urbanos e suburbanos

A Urban Edge Properties mantém um portfólio de 72 propriedades de varejo em 7 estados, totalizando 12,7 milhões de pés quadrados de espaço de varejo. No quarto trimestre 2023, o portfólio de propriedades da empresa está avaliado em US $ 2,4 bilhões, com uma concentração em áreas metropolitanas de alta densidade.

Tipo de propriedade	Número de propriedades	Mágua quadrada total
Centros ancorados em supermercados	48	7,2 milhões de pés quadrados
Centros de varejo comunitário	24	5,5 milhões de pés quadrados

Fluxos de renda estáveis ​​e consistentes de inquilinos comerciais

Relatórios de propriedades de borda urbana um 97,4% da taxa de ocupação Em 31 de dezembro de 2023. O termo médio de arrendamento é de 6,2 anos, com aluguel base anual de US $ 22,75 por pé quadrado.

• Composição do inquilino:
  • Mercearia: 35%
  • Farmácia: 15%
  • Varejo especializado: 25%
  • Negócios de serviço: 25%

Portfólio de propriedades estratégicas direcionando áreas metropolitanas de alto crescimento

A distribuição geográfica das propriedades inclui:

Região	Número de propriedades	Porcentagem de portfólio
Metro de Nova York	32	44.4%
Metro de Nova Jersey	22	30.6%
Metro da Pensilvânia	18	25%

Serviços de Gerenciamento de Propriedades e Gerenciamento de Propriedades de Valores

Em 2023, a Urban Edge Properties investiu US $ 87,3 milhões em melhorias de propriedades e projetos de reconstrução. A empresa concluiu 6 grandes projetos de renovação com um retorno médio do investimento de 12,5%.

• Investimentos de aprimoramento de propriedades:
• Atualizações da fachada
• Melhorias de infraestrutura de tecnologia
• Renovações de estacionamento
• Atualizações de eficiência energética

Propriedades Urban Edge (UE) - Modelo de Negócios: Relacionamentos do Cliente

Estratégias de engajamento e retenção de inquilinos de longo prazo

A Urban Edge Properties mantém uma taxa de retenção de inquilinos de 85,3% a partir do quarto trimestre 2023, com uma taxa média de renovação de arrendamento de 72,6% em seu portfólio.

Métrica de retenção de inquilinos	Percentagem
Taxa geral de retenção de inquilinos	85.3%
Taxa de renovação do arrendamento	72.6%
Período médio de ocupação do inquilino	4,2 anos

Suporte personalizado de gerenciamento de propriedades

A Urban Edge Properties fornece gerenciamento de contas dedicado para inquilinos com valores anuais de arrendamento superior a US $ 250.000.

• Sistema de solicitação de manutenção online 24/7
• Equipe dedicada de gerenciamento de propriedades
• Pesquisas trimestrais de satisfação do inquilino
• Serviços personalizados de negociação de arrendamento

Plataformas de comunicação digital e serviço de inquilino

O portal de inquilino digital da empresa processa uma média de 3.247 solicitações mensais de serviço com uma taxa de resolução de primeiro contato de 92,5%.

Métrica da plataforma digital	Desempenho
Solicitações mensais de serviço	3,247
Taxa de resolução do primeiro contato	92.5%
Adoção do usuário de aplicativo móvel	68.3%

Desempenho de propriedade regular e atualizações de investimento

A Urban Edge Properties fornece comunicações trimestrais para investidores a 1.872 partes interessadas institucionais e individuais com métricas detalhadas de desempenho do portfólio.

• Chamadas trimestrais de conferência de investidores
• Relatórios de desempenho financeiro detalhados
• Apresentação anual do Dia do Investidor
• Acesso ao painel de investimento em tempo real

Propriedades Urban Edge (UE) - Modelo de Negócios: Canais

Equipes diretas de leasing e escritórios de gerenciamento de propriedades

A Urban Edge Properties mantém 25 escritórios diretos de leasing em toda a área metropolitana de Nova York. A empresa emprega 87 profissionais de leasing dedicados a partir do quarto trimestre de 2023.

Tipo de localização	Número de escritórios	Total Square Feet gerenciado
Metropolitan Nova York	25	4,1 milhões de pés quadrados

Listagem de propriedades on -line e plataformas de comunicação de inquilinos

A Urban Edge Properties utiliza uma plataforma digital proprietária com as seguintes especificações:

• Plataforma digital lançada em 2022
• 96,4% de taxa de engajamento digital de inquilino
• Sistema de solicitação de manutenção em tempo real
• Recursos de pagamento de aluguel online

Métrica da plataforma	2023 desempenho
Usuários ativos mensais	12,500
Significações de arrendamento digital	68% do total de arrendamentos

Conferências de investimento imobiliário e eventos de rede

A Urban Edge Properties participa de 17 conferências de investimentos imobiliários nacionais e regionais anualmente.

Tipo de evento	Número de eventos	Total de interações do investidor
Conferências Nacionais	8	423 reuniões diretas de investidores
Conferências Regionais	9	312 reuniões diretas de investidores

Sites de marketing digital e vitrine de propriedades

A estratégia de marketing digital inclui publicidade on -line direcionada e sites de propriedades abrangentes.

Métrica de marketing digital	2023 desempenho
Tráfego do site	215.000 visitantes mensais
Seguidores de mídia social	LinkedIn: 22.300 Instagram: 15.600
Gasto de anúncios digitais	US $ 1,2 milhão anualmente

Urban Edge Properties (UE) - Modelo de negócios: segmentos de clientes

Inquilinos comerciais e de varejo

A partir de 2024, a Urban Edge Properties gerencia um portfólio de 78 propriedades de varejo em 12 estados, com uma área total de 12,7 milhões de pés quadrados.

Tipo de propriedade	Número de propriedades	Mágua quadrada total
Centros ancorados em supermercados	42	6,3 milhões de pés quadrados
Centros de potência	22	4,8 milhões de pés quadrados
Centros de varejo comunitário	14	1,6 milhão de pés quadrados

Marcas da cadeia de varejo nacionais e regionais

A Urban Edge Properties hospeda várias redes nacionais de varejo em seu portfólio.

• Kroger: 18 locais de inquilinos âncora
• Walmart: 12 locais de inquilino âncora
• Alvo: 8 locais de inquilinos âncora
• Farmácia CVS: 22 locais independentes e em linha

Pequenas e médias empresas

O REIT suporta o ecossistema de negócios local com diversas misturas de inquilinos.

Categoria de negócios	Número de inquilinos	Porcentagem de portfólio
Restaurantes	126	14.3%
Serviços profissionais	89	10.1%
Centros de fitness/bem -estar	42	4.8%

Investidores imobiliários e grupos de investimento institucional

A Urban Edge Properties atrai investidores institucionais com portfólio de propriedades estratégicas.

• Capitalização de mercado total: US $ 3,2 bilhões
• Propriedade institucional: 89,7%
• Os principais investidores institucionais:
  • Grupo Vanguard: 12,4%
  • BlackRock: 9,6%
  • State Street Corporation: 7,3%

Propriedades Urban Edge (UE) - Modelo de Negócios: Estrutura de Custo

Despesas de aquisição e desenvolvimento de propriedades

A partir de 2023, a Urban Edge Properties relatou custos totais de aquisição de propriedades de US $ 198,3 milhões. As despesas de capital da empresa para o desenvolvimento da propriedade foram de US $ 76,5 milhões no ano fiscal.

Categoria de custo	Valor ($)
Aquisição de terras	83,600,000
Custos de construção	62,700,000
Taxas de arquitetura e design	14,200,000

Custos contínuos de manutenção e renovação de propriedades

As despesas anuais de manutenção de propriedades para propriedades urbanas de borda totalizaram US $ 42,6 milhões em 2023.

• Manutenção de rotina: US $ 18,3 milhões
• Principais reformas: US $ 24,3 milhões

Salários de pessoal operacional e de gerenciamento

As despesas totais de pessoal para propriedades urbanas de borda em 2023 foram de US $ 37,2 milhões.

Categoria de pessoal	Despesas salariais anuais ($)
Gestão executiva	8,900,000
Gerenciamento de propriedades	15,600,000
Equipe administrativo	12,700,000

Investimentos de tecnologia e infraestrutura digital

A Urban Edge Properties investiu US $ 6,4 milhões em tecnologia e infraestrutura digital durante 2023.

• Atualizações de sistemas de TI: US $ 3,2 milhões
• Aprimoramentos de segurança cibernética: US $ 1,5 milhão
• Plataformas de gerenciamento de propriedades digitais: US $ 1,7 milhão

Estrutura de custo total para 2023: US $ 284,6 milhões

Urban Edge Properties (UE) - Modelo de negócios: fluxos de receita

Renda de aluguel de arrendamento comercial

A Urban Edge Properties gerou US $ 225,3 milhões em receita total de aluguel para o ano fiscal de 2023. O portfólio consiste em 74 propriedades de varejo, totalizando 12,7 milhões de pés quadrados de área locável.

Tipo de propriedade	Renda de aluguel	Taxa de ocupação
Centros de varejo	US $ 195,7 milhões	93.4%
Complexos de compras	US $ 29,6 milhões	91.2%

Apreciação de propriedades e ganhos de capital

Em 2023, a Urban Edge Properties relatou um valor total da carteira de propriedade de US $ 3,8 bilhões, com uma valorização ano a ano de 5,6%.

• Apreciação total do valor da propriedade: US $ 207,2 milhões
• Ganhos de capital não realizados: US $ 132,5 milhões
• Aumento médio de valor da propriedade por ativo: US $ 2,8 milhões

Taxas de serviço de gerenciamento de propriedades

As taxas de serviço de gerenciamento de propriedades para 2023 totalizaram US $ 12,4 milhões, representando 4,2% do total de fluxos de receita.

Categoria de serviço	Receita de taxa	Porcentagem de total
Gestão de ativos	US $ 7,2 milhões	58%
Serviços de manutenção	US $ 3,6 milhões	29%
Serviços de consultoria	US $ 1,6 milhão	13%

Venda estratégica de propriedades e reequilíbrio de portfólio

A Urban Edge Properties concluiu as vendas de propriedades, totalizando US $ 287,6 milhões em 2023, com um ganho líquido de US $ 42,3 milhões em disposições estratégicas de ativos.

• Propriedades totais vendidas: 12
• Preço médio de venda por propriedade: US $ 23,97 milhões
• Produtos brutos das vendas de propriedades: US $ 287,6 milhões
• Ganho líquido de vendas: US $ 42,3 milhões

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.