| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
REVENUE | ||||||
Operating Lease, Lease Income | ||||||
384,405 | 411,298 | 365,082 | 321,719 | 231,867 | 232,592 | 228,282 |
Revenues | ||||||
387,649 | 414,160 | 407,042 | 325,976 | 322,945 | 315,676 | 362,995 |
Income from Stop & Shop settlement | ||||||
- | - | - | - | - | - | 59,599 |
EXPENSES | ||||||
Depreciation and amortization | ||||||
94,116 | 99,422 | 82,281 | 56,145 | 57,253 | 53,653 | 54,043 |
Real estate taxes | ||||||
60,179 | 63,655 | 59,737 | 51,429 | 49,311 | 49,835 | 46,715 |
Property operating | ||||||
64,062 | 78,360 | 54,339 | 45,280 | 50,595 | 51,988 | 45,845 |
General and administrative | ||||||
38,220 | 34,984 | 30,691 | 28,843 | 32,044 | 17,820 | 19,376 |
Casualty and impairment loss | ||||||
12,738 | 4,426 | 7,382 | 0 | 0 | - | 19,000 |
Lease expense | ||||||
14,466 | 11,448 | 10,848 | 10,047 | 10,129 | 10,304 | 10,137 |
Transaction costs | ||||||
- | - | - | - | 24,011 | 8,604 | 0 |
Provision for doubtful accounts | ||||||
- | - | - | 1,214 | 1,526 | 1,032 | 666 |
Total expenses | ||||||
283,781 | 292,295 | 245,278 | 192,958 | 224,869 | 193,236 | 195,782 |
Operating income | ||||||
- | - | - | 133,018 | 98,076 | 122,440 | 167,213 |
Gain on sale of real estate | ||||||
68,632 | 52,625 | 202 | 15,618 | 0 | 0 | - |
Gain on sale of lease | ||||||
1,800 | 0 | 0 | - | - | - | - |
Interest income | ||||||
9,774 | 8,336 | 2,248 | 679 | 150 | 35 | 11 |
Interest and Debt Expense | ||||||
66,639 | 64,868 | 56,218 | 51,881 | 55,584 | 54,960 | 55,789 |
Gain (loss) on extinguishment of debt | ||||||
0 | 2,524 | -35,336 | 0 | 0 | - | - |
Income before income taxes | ||||||
117,484 | 120,482 | 72,660 | 97,434 | 42,642 | 67,515 | 111,435 |
Income tax expense | ||||||
1,287 | 3,519 | -278 | 804 | 1,294 | 1,721 | 2,100 |
Net income | ||||||
116,197 | 116,963 | 72,938 | 96,630 | 41,348 | 65,794 | 109,335 |
Less net income attributable to noncontrolling interests in: | ||||||
Operating partnership | ||||||
6,699 | 11,768 | 5,824 | 5,812 | 2,547 | 0 | 0 |
Consolidated subsidiaries | ||||||
-25 | 45 | 44 | 3 | 16 | 22 | 21 |
Net income (loss) attributable to common shareholders | ||||||
109,523 | 105,150 | 67,070 | 90,815 | 38,785 | 65,772 | 109,314 |
Earnings per common share - Basic (in dollars per share) | ||||||
0.91 | 0.92 | 0.62 | 0.91 | 0.39 | 0.66 | 1.10 |
Earnings per common share - Diluted (in dollars per share) | ||||||
0.91 | 0.92 | 0.61 | 0.91 | 0.39 | 0.66 | 1.10 |
Weighted average shares outstanding - Basic (in shares) | ||||||
119,751 | 113,863 | 107,132 | 99,364 | 99,252 | 99,248 | 99,248 |
Weighted average shares outstanding - Diluted (in shares) | ||||||
119,896 | 114,051 | 118,390 | 99,794 | 99,278 | 99,248 | 99,248 |
Urban Edge Properties LP | ||||||
Operating Lease, Lease Income | ||||||
384,405 | 411,298 | 365,082 | 321,719 | - | - | - |
Total revenue | ||||||
387,649 | 414,160 | 407,042 | 325,976 | - | - | - |
Depreciation and amortization | ||||||
94,116 | 99,422 | 82,281 | 56,145 | - | - | - |
Real estate taxes | ||||||
60,179 | 63,655 | 59,737 | 51,429 | - | - | - |
Property operating | ||||||
64,062 | 78,360 | 54,339 | 45,280 | - | - | - |
General and administrative | ||||||
38,220 | 34,984 | 30,691 | 28,843 | - | - | - |
Casualty and impairment loss | ||||||
12,738 | 4,426 | 7,382 | 0 | - | - | - |
Lease expense | ||||||
14,466 | 11,448 | 10,848 | 10,047 | - | - | - |
Provision for doubtful accounts | ||||||
- | - | - | 1,214 | - | - | - |
Total expenses | ||||||
283,781 | 292,295 | 245,278 | 192,958 | - | - | - |
Operating income | ||||||
- | - | - | 133,018 | - | - | - |
Gain on sale of real estate | ||||||
68,632 | 52,625 | 202 | 15,618 | - | - | - |
Gain on sale of lease | ||||||
1,849 | 0 | 0 | - | - | - | - |
Interest income | ||||||
9,774 | 8,336 | 2,248 | 679 | - | - | - |
Interest and Debt Expense | ||||||
66,639 | 64,868 | 56,218 | 51,881 | - | - | - |
Gain (loss) on extinguishment of debt | ||||||
0 | 2,524 | -35,336 | 0 | - | - | - |
Income before income taxes | ||||||
117,484 | 120,482 | 72,660 | 97,434 | - | - | - |
Income tax expense | ||||||
1,287 | 3,519 | -278 | 804 | - | - | - |
Net income | ||||||
116,197 | 116,963 | 72,938 | 96,630 | - | - | - |
Consolidated subsidiaries | ||||||
-25 | 45 | 44 | 3 | - | - | - |
Net income (loss) attributable to common shareholders | ||||||
116,222 | 116,918 | 72,894 | 96,627 | - | - | - |
Earnings per common share - Basic (in dollars per share) | ||||||
0.92 | 0.92 | 0.62 | 0.91 | - | - | - |
Earnings per common share - Diluted (in dollars per share) | ||||||
0.92 | 0.92 | 0.61 | 0.91 | - | - | - |
Weighted average shares outstanding - Basic (in shares) | ||||||
126,333 | 126,198 | 117,779 | 105,455 | - | - | - |
Weighted average shares outstanding - Diluted (in shares) | ||||||
126,478 | 126,386 | 118,390 | 106,099 | - | - | - |
Tenant expense reimbursements | ||||||
Revenues | ||||||
- | - | - | - | 84,617 | 81,887 | 73,170 |
Management and development fees | ||||||
Revenues | ||||||
1,900 | 1,469 | 1,535 | 1,759 | 2,261 | 535 | 606 |
Income from acquired leasehold interest | ||||||
Revenues from contract with customer | ||||||
0 | 0 | 39,215 | 0 | 0 | - | - |
Other income | ||||||
Revenues | ||||||
1,344 | 1,393 | 1,210 | 2,498 | 4,200 | 662 | 1,338 |