Urban edge properties (UE)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

139,593

116,197

119,910

90,109

121,816

116,963

93,839

86,096

41,242

72,938

109,077

110,426

131,577

96,630

92,531

92,071

73,153

41,348

41,389

34,990

35,861

65,794

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

95,309

93,785

91,683

92,249

100,380

100,063

95,960

95,116

87,781

82,511

75,072

68,629

59,165

57,178

58,336

57,419

58,466

58,299

57,098

56,470

55,305

54,897

0

0

0

Income from acquired leasehold interest

-

-

-

-

-

-

-

-

-

39,215

39,215

39,215

39,215

0

0

0

0

-

-

-

-

-

-

-

-

Casualty and impairment loss

8,780

12,738

14,644

28,227

9,532

5,574

0

2,170

2,473

5,637

5,637

3,467

3,164

0

0

0

0

-

-

-

-

-

-

-

-

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

91,454

68,632

68,219

30,688

69,578

52,625

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

2,524

-31,538

-31,538

-31,538

-35,336

-1,274

-1,274

-1,274

0

0

0

0

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

2,842

2,856

2,890

2,878

2,877

2,879

2,860

2,865

2,734

2,876

2,899

2,899

3,035

2,830

2,765

2,700

2,713

2,738

2,523

2,300

1,954

1,660

0

0

0

Amortization of below market leases, net

-15,829

-15,940

-18,141

-35,322

-33,702

-33,975

-32,427

-15,850

-10,099

-9,502

-8,711

-8,134

-7,937

-7,776

-7,744

-7,605

-7,796

-7,907

-20,655

-16,695

-12,691

-8,762

0

0

0

Noncash lease expense

7,997

8,205

6,329

4,448

2,014

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Straight-lining of rent

-369

-1,021

234

880

823

735

549

-14

-274

-352

-844

-972

-584

-227

-304

-293

-203

-333

125

944

1,301

1,559

0

0

0

Share-based compensation expense

13,133

13,549

13,516

12,458

11,385

9,741

8,383

8,020

7,673

7,137

6,601

6,071

5,620

5,433

5,193

4,713

4,117

10,261

10,040

9,918

10,042

3,878

0

0

0

Non-cash separation costs paid by Vornado

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,403

17,403

17,403

17,403

0

0

0

0

Credit losses related to operating lease receivables

2,324

1,385

1,550

1,629

3,387

4,138

4,359

4,855

4,488

3,445

1,894

1,468

1,056

1,214

1,381

1,659

1,554

1,526

1,417

1,017

986

1,032

0

0

0

Other non-cash adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Change in operating assets and liabilities:
Tenant and other receivables

-18,732

-6,734

-1,929

10,171

18,871

13,327

16,956

15,838

16,321

13,749

8,862

6,497

3,567

78

1,747

-5,650

-2,121

4

-12,091

-5,846

-8,222

-5,914

0

0

0

Deferred leasing costs

3,738

4,303

4,473

4,726

4,938

4,675

3,995

3,886

4,379

4,110

4,747

5,862

4,484

3,815

0

0

0

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

13,210

3,331

-849

1,135

-665

-1,867

-282

3,121

1,801

4,432

3,978

-312

1,266

-141

-748

1,331

332

671

-3,990

-4,454

364

-767

0

0

0

Lease liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

-8,253

1,092

4,127

-11,895

10,030

3,676

2,557

11,806

10,698

18,876

14,623

17,626

7,521

883

2,394

2,604

4,633

11,300

941

3,808

1,791

-4,929

0

0

0

Other liabilities

-

-

-

-

-

-

-

-

-

-

0

0

2,240

-

4,430

2,709

4,051

6,392

3,199

4,985

3,434

787

0

0

0

Net cash provided by operating activities

147,769

156,400

164,511

137,181

132,466

137,040

131,522

151,296

154,673

157,898

152,564

153,829

142,029

137,249

137,409

142,324

139,943

138,078

125,796

116,681

110,355

105,688

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES
Real estate development and capital improvements

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of real estate

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate development and capital improvements

-

-

-

-

-

118,765

124,106

109,629

107,465

89,344

80,174

78,350

66,209

69,901

57,315

48,578

47,431

36,290

45,172

47,152

38,573

39,509

0

0

0

Acquisition of real estate

-

-

-

-

-

4,931

4,931

4,931

178,806

211,393

218,660

220,660

45,819

9,267

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of operating properties

152,710

116,510

111,440

37,111

75,795

57,593

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance proceeds

-

-

-

-

-

1,300

1,300

1,000

1,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in cash held in escrow and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Net cash used in investing activities

-38,295

-2,521

31,993

-71,306

-41,060

-64,803

-70,144

-59,042

-280,266

-295,732

-293,829

-294,220

-92,090

-59,230

-66,512

-54,814

-74,588

-66,415

-49,523

-58,738

-46,745

-45,586

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES
Debt repayments

6,519

5,587

5,042

4,368

4,588

4,288

44,234

47,774

51,056

129,640

93,009

92,604

113,755

38,458

35,991

35,649

14,031

44,654

46,271

65,609

65,281

42,481

0

0

0

Contributions from Vornado

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

227,732

63,542

51,815

73,152

-148,786

0

0

0

Dividends to common shareholders

106,420

106,163

104,611

103,050

101,637

100,244

100,095

99,983

98,509

95,381

92,258

87,086

83,317

81,240

79,165

79,139

79,107

79,167

59,392

39,617

19,852

0

0

0

0

Distributions to redeemable noncontrolling interests

5,432

5,694

7,242

8,679

9,906

11,116

11,067

11,097

10,487

9,471

8,065

6,537

5,604

5,071

4,947

4,940

4,943

4,918

3,682

2,452

1,212

0

0

0

0

Taxes withheld for vested restricted shares

369

633

633

633

614

385

385

385

390

287

287

292

265

38

38

33

33

0

0

0

0

-

-

-

-

Proceeds from Long-term Lines of Credit

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common shares

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

13,193

11,352

3,567

3,567

0

2,000

2,000

2,000

5,198

908

3,048

3,198

0

0

0

0

Proceeds related to the issuance of common shares

404

439

415

467

536

477

0

0

0

-

-

-

-

8,949

5,020

326

-54

0

0

0

0

-

-

-

0

Payments related to the issuance of common shares

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings

-

-

-

-

-

-

-

-

-

935,700

225,500

225,500

100,000

0

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

84,381

-126,265

-125,734

-116,263

-116,209

-115,556

15,440

158,904

476,398

498,489

372,672

237,553

-97,588

-115,858

-120,851

-125,165

-103,898

93,795

-10,983

130,271

130,171

-63,807

0

0

0

Net decrease in cash and cash equivalents and restricted cash

193,855

27,614

70,770

-50,388

-24,803

-43,319

76,818

251,158

350,805

360,655

231,407

97,162

-47,649

-37,839

-49,954

-37,655

-38,543

165,458

65,290

188,214

193,781

-3,705

0

0

0

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest, net of amounts capitalized of $125 and $565, respectively

64,920

64,751

64,926

64,837

64,568

65,699

64,122

62,429

59,274

55,140

53,201

51,415

51,386

51,137

51,405

51,200

51,766

52,814

54,046

54,977

54,251

53,133

0

0

0

Cash payments for income taxes

1,600

1,601

1,589

1,691

146

757

757

637

1,833

1,237

1,256

1,265

1,282

1,277

1,258

1,303

1,908

1,907

1,910

1,859

1,199

1,342

0

0

0

Cash payments for lease liabilities

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NON-CASH INVESTING AND FINANCING ACTIVITIES
Adjustments to carry redeemable NCI at redemption value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accrued capital expenditures included in accounts payable and accrued expenses

-8,490

5,056

15,005

13,550

18,146

25,661

23,525

28,881

25,455

14,651

15,378

15,743

19,035

12,492

16,186

15,850

10,973

8,699

6,087

2,875

4,537

1,592

0

0

0

Write-off of fully depreciated and impaired assets

54,318

56,199

57,525

52,490

30,724

24,307

12,783

12,294

3,975

3,286

4,537

4,812

4,306

4,585

7,051

7,930

9,934

10,588

4,971

3,881

2,318

2,612

0

0

0

Acquisition of real estate through the assumption of debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued common share repurchase

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities arising from obtaining right-of-use assets

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage debt forgiven in foreclosure

-

-

-

-

-

11,537

11,537

11,537

11,537

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of real estate through issuance of OP units

-

-

-

-

-

-

-

-

-

171,084

171,084

171,084

48,800

0

0

0

0

-

-

-

-

-

-

-

-

Acquisition of real estate through assumption of debt

-

-

-

-

-

-

-

-

-

69,659

69,659

69,659

36,492

0

0

0

0

-

-

-

-

-

-

-

-

Urban Edge Properties LP
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

139,593

116,197

119,910

90,109

121,816

116,963

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

95,309

93,785

91,683

92,249

100,380

100,063

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Casualty and impairment loss

8,780

12,738

14,644

28,227

9,532

5,574

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

91,454

68,632

68,219

30,688

69,578

52,625

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

2,524

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

2,842

2,856

2,890

2,878

2,877

2,879

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of below market leases, net

-15,829

-15,940

-18,141

-35,322

-33,702

-33,975

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash lease expense

7,997

8,205

6,329

4,448

2,014

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Straight-lining of rent

-369

-1,021

234

880

823

735

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

13,133

13,549

13,516

12,458

11,385

9,741

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Credit losses related to operating lease receivables

2,324

1,385

1,550

1,629

3,387

4,138

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenant and other receivables

-18,732

-6,734

-1,929

10,171

18,871

13,327

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred leasing costs

3,738

4,303

4,473

4,726

4,938

4,675

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

13,210

3,331

-849

1,135

-665

-1,867

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

-8,253

1,092

4,127

-11,895

10,030

3,676

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

147,769

156,400

164,511

137,181

132,466

137,040

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate development and capital improvements

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of real estate

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate development and capital improvements

-

-

-

-

-

118,765

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of real estate

-

-

-

-

-

4,931

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of operating properties

152,710

116,510

111,440

37,111

75,795

57,593

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance proceeds

-

-

-

-

-

1,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-38,295

-2,521

31,993

-71,306

-41,060

-64,803

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt repayments

6,519

5,587

5,042

4,368

4,588

4,288

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to partners

111,852

111,857

111,853

111,729

111,543

111,360

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes withheld for vested restricted shares

369

633

633

633

614

385

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Long-term Lines of Credit

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common shares

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds related to the issuance of common shares

404

439

415

467

536

477

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

84,381

-126,265

-125,734

-116,263

-116,209

-115,556

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents and restricted cash

193,855

27,614

70,770

-50,388

-24,803

-43,319

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash payments for interest, net of amounts capitalized of $125 and $565, respectively

64,920

64,751

64,926

64,837

64,568

65,699

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash payments for income taxes

1,600

1,601

1,589

1,691

146

757

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash payments for lease liabilities

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued capital expenditures included in accounts payable and accrued expenses

-8,490

5,056

15,005

13,550

18,146

25,661

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of fully depreciated and impaired assets

54,318

56,199

57,525

52,490

30,724

24,307

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of real estate through the assumption of debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued common share repurchase

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities arising from obtaining right-of-use assets

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage debt forgiven in foreclosure

-

-

-

-

-

11,537

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-