X0306 4 2018-02-22 0001611547 Urban Edge Properties UE 0001215322 MINUTOLI ROBERT C/O URBAN EDGE PROPERTIES 210 ROUTE 4 EAST PARAMUS NJ 07652 1 Chief Operating Officer Common Shares 2018-02-22 4 A 0 16174.0000 21.6400 A 77111.5200 D LTIP Units (2018 LTI Perf.) 2018-02-22 4 A 0 20891.0000 0.0000 A Common Shares 20891.0000 20891.0000 D These common shares of beneficial interest, par value $0.01 ("Common Shares") of Urban Edge Properties (the "Issuer") were issued as "Restricted Stock" under the terms of the Urban Edge Properties 2015 Omnibus Share Plan (the "Omnibus Plan"). These shares vest ratably over three years subject to continued employment through each vesting date with the initial vesting occurring on February 22, 2019. Total includes Common Shares purchased, if any, through the Urban Edge Properties employee stock purchase plan and dividend reinvestment plan. Represents LTIP Units in Urban Edge Properties LP granted pursuant to the Urban Edge Properties 2018 long-term incentive plan (the "2018 LTI") under the Omnibus Plan. The 2018 LTI program is comprised of LTIP Units that vest solely based on time ("2018 LTI Time") and those that vest subject to both time and performanced hurdles ("2018 LTI Perf"). Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted, at the election of the holder, into a Common Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of the Issuer. LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. The LTIP Units are scheduled to vest 50% on February 22, 2021 and 25% on each of February 22, 2022 and February 22, 2023, subject to continued employment through such dates and the achievement of certain performance based criteria based on the Issuer's total return to shareholders through February 22, 2021. Excludes 48,297 units granted under the 2018 LTI the vesting of which is subject to conditions (other than the passage of time and continued employment) that are not tied solely to the market price of an equity security of the Issuer. The vesting conditions relate to the Issuer's total shareholder return relative to the total shareholder return of a basket of peer group companies. /s/ Robert Minutoli 2018-02-26