URBAN EDGE PROPERTIES UE Balance Sheet

Urban edge properties (UE)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14
ASSETS
Real estate, at cost:
Land
529	515	500	516	525	525	533	530	523	521	522	522	436	384	381	378	382	389	374	374	378	378
Buildings and improvements
2,336	2,197	2,169	2,155	2,174	2,156	2,132	2,060	2,005	2,010	2,013	1,992	1,719	1,650	1,623	1,587	1,613	1,630	1,616	1,612	1,633	1,632
Construction in progress
28	28	43	78	73	80	79	125	165	133	117	123	108	99	105	124	94	61	53	49	11	8
Furniture, fixtures and equipment
7	7	7	7	6	6	6	6	5	5	7	5	5	4	4	3	3	3	3	3	3	3
Total
2,901	2,748	2,721	2,756	2,780	2,768	2,752	2,723	2,700	2,671	2,660	2,643	2,268	2,138	2,115	2,094	2,094	2,084	2,048	2,039	2,027	2,022
Accumulated depreciation and amortization
686	671	662	661	661	645	633	616	601	587	586	568	553	541	531	518	519	509	500	489	479	467
Real estate, net
2,215	2,076	2,058	2,094	2,118	2,123	2,119	2,107	2,099	2,084	2,074	2,074	1,714	1,597	1,583	1,576	1,574	1,575	1,547	1,550	1,548	1,555
Right-of-use assets
79	81	83	85	96	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents
622	432	441	412	416	440	449	500	462	490	380	248	110	131	149	156	162	168	197	193	199	2
Restricted cash
19	52	94	51	32	17	16	13	10	10	8	14	11	8	7	8	8	9	9	10	12	9
Tenant and other receivables
19	21	27	32	39	28	28	23	21	20	24	13	11	9	10	8	9	10	9	15	12	11
Receivable arising from the straight-lining of rents
74	73	75	77	80	84	84	84	85	85	85	85	86	87	87	87	89	88	88	88	89	89
Identified intangible assets, net of accumulated amortization of $32,359 and $30,942, respectively
59	48	49	51	53	68	72	76	82	87	91	94	73	30	31	32	33	33	32	33	34	34
Deferred leasing costs, net of accumulated amortization of $16,291 and $16,560, respectively
21	21	20	20	21	21	21	20	20	20	20	19	19	19	18	18	18	18	17	17	17	17
Deferred financing costs, net of accumulated amortization of $4,008 and $3,765, respectively
3	3	4	1	1	2	2	2	2	3	4	3	4	1	2	2	2	2	11	12	12	0
Prepaid expenses and other assets
27	33	18	30	12	12	16	12	17	18	16	9	17	17	14	8	10	10	12	7	10	10
Total assets
3,143	2,846	2,873	2,858	2,874	2,798	2,810	2,840	2,803	2,820	2,706	2,563	2,050	1,904	1,906	1,899	1,907	1,918	1,927	1,929	1,936	1,731
LIABILITIES AND EQUITY
Liabilities:
Mortgages payable, net
1,616	1,546	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Line of Credit
250	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgages payable, net
-	-	1,547	1,548	1,549	1,550	1,550	1,551	1,552	1,564	1,408	1,412	1,256	1,197	1,201	1,205	1,230	1,233	1,246	1,250	1,253	1,278
Lease liabilities
78	79	81	83	91	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued expenses and other liabilities
69	76	80	85	85	98	70	80	71	84	65	63	54	48	47	39	39	45	38	31	32	26
Identified intangible liabilities, net of accumulated amortization of $65,074 and $62,610, respectively
130	128	129	131	141	144	148	168	176	180	184	187	145	146	148	151	152	154	154	156	158	160
Other liabilities
-	-	-	-	-	-	17	17	15	-	16	16	16	14	14	14	13	13	10	11	9	6
Total liabilities
2,145	1,831	1,838	1,848	1,868	1,793	1,787	1,818	1,815	1,830	1,674	1,679	1,473	1,408	1,412	1,411	1,436	1,447	1,448	1,450	1,454	1,472
Commitments and contingencies
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0
Shareholders’ equity:
Redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143	-
Common shares: $0.01 par value; 500,000,000 shares authorized and 117,956,031 and 121,370,125 shares issued and outstanding, respectively
1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
986	1,019	1,016	1,015	1,005	956	951	950	947	946	945	683	489	488	483	477	476	475	478	477	366	0
Accumulated deficit
-30	-52	-29	-56	-56	-52	-34	-33	-61	-57	-18	-10	-0	-29	-26	-25	-39	-38	-33	-32	-29	0
Noncontrolling Interest [Abstract]
Operating partnership
40	46	47	49	55	100	103	102	100	100	103	209	87	35	35	34	33	33	33	32	-	0
Partners’ capital:
Consolidated subsidiaries
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Vornado equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	258
Total equity
998	1,014	1,035	1,009	1,006	1,005	1,023	1,021	987	990	1,032	884	577	496	493	488	471	471	478	478	338	258
Total liabilities and equity
3,143	2,846	2,873	2,858	2,874	2,798	2,810	2,840	2,803	2,820	2,706	2,563	2,050	1,904	1,906	1,899	1,907	1,918	1,927	1,929	1,936	1,731
Urban Edge Properties LP
Land
529	515	500	516	525	525	533	530	523	521	522	522	436	-	-	-	-	-	-	-	-	-
Buildings and improvements
2,336	2,197	2,169	2,155	2,174	2,156	2,132	2,060	2,005	2,010	2,013	1,992	1,719	-	-	-	-	-	-	-	-	-
Construction in progress
28	28	43	78	73	80	79	125	165	133	117	123	108	-	-	-	-	-	-	-	-	-
Furniture, fixtures and equipment
7	7	7	7	6	6	6	6	5	5	7	5	5	-	-	-	-	-	-	-	-	-
Total
2,901	2,748	2,721	2,756	2,780	2,768	2,752	2,723	2,700	2,671	2,660	2,643	2,268	-	-	-	-	-	-	-	-	-
Accumulated depreciation and amortization
686	671	662	661	661	645	633	616	601	587	586	568	553	-	-	-	-	-	-	-	-	-
Real estate, net
2,215	2,076	2,058	2,094	2,118	2,123	2,119	2,107	2,099	2,084	2,074	2,074	1,714	-	-	-	-	-	-	-	-	-
Right-of-use assets
79	81	83	85	96	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents
622	432	441	412	416	440	449	500	462	490	380	248	110	-	-	-	-	-	-	-	-	-
Restricted cash
19	52	94	51	32	17	16	13	10	10	8	14	11	-	-	-	-	-	-	-	-	-
Tenant and other receivables
19	21	27	32	39	28	28	23	21	20	24	13	11	-	-	-	-	-	-	-	-	-
Receivable arising from the straight-lining of rents
74	73	75	77	80	84	84	84	85	85	85	85	86	-	-	-	-	-	-	-	-	-
Identified intangible assets, net of accumulated amortization of $32,359 and $30,942, respectively
59	48	49	51	53	68	72	76	82	87	91	94	73	-	-	-	-	-	-	-	-	-
Deferred leasing costs, net of accumulated amortization of $16,291 and $16,560, respectively
21	21	20	20	21	21	21	20	20	20	20	19	19	-	-	-	-	-	-	-	-	-
Deferred financing costs, net of accumulated amortization of $4,008 and $3,765, respectively
3	3	4	1	1	2	2	2	2	3	4	3	4	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
27	33	18	30	12	12	16	12	17	18	16	9	17	-	-	-	-	-	-	-	-	-
Total assets
3,143	2,846	2,873	2,858	2,874	2,798	2,810	2,840	2,803	2,820	2,706	2,563	2,050	-	-	-	-	-	-	-	-	-
Mortgages payable, net
1,616	1,546	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Line of Credit
250	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgages payable, net
-	-	1,547	1,548	1,549	1,550	1,550	1,551	1,552	1,564	1,408	1,412	1,256	-	-	-	-	-	-	-	-	-
Lease liabilities
78	79	81	83	91	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued expenses and other liabilities
69	76	80	85	85	98	70	80	71	84	65	63	54	-	-	-	-	-	-	-	-	-
Identified intangible liabilities, net of accumulated amortization of $65,074 and $62,610, respectively
130	128	129	131	141	144	148	168	176	180	184	187	145	-	-	-	-	-	-	-	-	-
Total liabilities
2,145	1,831	1,838	1,848	1,868	1,793	1,787	1,818	1,815	1,830	1,674	1,679	1,473	-	-	-	-	-	-	-	-	-
Other Liabilities
-	-	-	-	-	-	17	17	15	-	16	16	16	-	-	-	-	-	-	-	-	-
Accumulated deficit
-32	-56	-31	-60	-60	-57	-36	-35	-67	-62	-19	-10	0	-	-	-	-	-	-	-	-	-
General partner: 117,956,031 and 121,370,125 units outstanding, respectively
987	1,020	1,017	1,016	1,006	957	953	952	948	947	946	684	490	-	-	-	-	-	-	-	-	-
Limited partners: 4,971,944 and 5,833,318 units outstanding, respectively
43	50	49	53	59	105	106	105	105	105	104	209	86	-	-	-	-	-	-	-	-	-
Total partners’ capital
997	1,014	1,035	1,009	1,005	1,005	1,022	1,021	987	990	1,031	883	576	-	-	-	-	-	-	-	-	-
Consolidated subsidiaries
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Total equity
998	1,014	1,035	1,009	1,006	1,005	1,023	1,021	987	990	1,032	884	577	-	-	-	-	-	-	-	-	-
Total liabilities and equity
3,143	2,846	2,873	2,858	2,874	2,798	2,810	2,840	2,803	2,820	2,706	2,563	2,050	-	-	-	-	-	-	-	-	-