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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Real estate, at cost:    
Land $ 529,809 $ 515,621
Buildings and improvements 2,336,405 2,197,076
Construction in progress 28,629 28,522
Furniture, fixtures and equipment 7,016 7,566
Total 2,901,859 2,748,785
Accumulated depreciation and amortization (686,139) (671,946)
Real estate, net 2,215,720 2,076,839
Right-of-use assets 79,962 81,768
Cash and cash equivalents 622,667 432,954
Restricted cash 19,976 52,182
Tenant and other receivables 19,006 21,565
Receivable arising from the straight-lining of rents 74,348 73,878
Identified intangible assets, net of accumulated amortization of $32,359 and $30,942, respectively 59,810 48,121
Deferred leasing costs, net of accumulated amortization of $16,291 and $16,560, respectively 21,105 21,474
Deferred financing costs, net of accumulated amortization of $4,008 and $3,765, respectively 3,634 3,877
Prepaid expenses and other assets 27,372 33,700
Total assets 3,143,600 2,846,358
Liabilities:    
Mortgages payable, net 1,616,853 1,546,195
Unsecured credit facility borrowings 250,000 0
Lease liabilities 78,334 79,913
Accounts payable, accrued expenses and other liabilities 69,350 76,644
Identified intangible liabilities, net of accumulated amortization of $65,074 and $62,610, respectively 130,840 128,830
Total liabilities 2,145,377 1,831,582
Commitments and contingencies
Shareholders’ equity:    
Common shares: $0.01 par value; 500,000,000 shares authorized and 117,956,031 and 121,370,125 shares issued and outstanding, respectively 1,179 1,213
Additional paid-in capital 986,489 1,019,149
Accumulated deficit (30,243) (52,546)
Noncontrolling interests:    
Operating partnership 40,374 46,536
Partners’ capital:    
Consolidated subsidiaries 424 424
Total equity 998,223 1,014,776
Total liabilities and equity 3,143,600 2,846,358
Urban Edge Properties LP    
Real estate, at cost:    
Land 529,809 515,621
Buildings and improvements 2,336,405 2,197,076
Construction in progress 28,629 28,522
Furniture, fixtures and equipment 7,016 7,566
Total 2,901,859 2,748,785
Accumulated depreciation and amortization (686,139) (671,946)
Real estate, net 2,215,720 2,076,839
Right-of-use assets 79,962 81,768
Cash and cash equivalents 622,667 432,954
Restricted cash 19,976 52,182
Tenant and other receivables 19,006 21,565
Receivable arising from the straight-lining of rents 74,348 73,878
Identified intangible assets, net of accumulated amortization of $32,359 and $30,942, respectively 59,810 48,121
Deferred leasing costs, net of accumulated amortization of $16,291 and $16,560, respectively 21,105 21,474
Deferred financing costs, net of accumulated amortization of $4,008 and $3,765, respectively 3,634 3,877
Prepaid expenses and other assets 27,372 33,700
Total assets 3,143,600 2,846,358
Liabilities:    
Mortgages payable, net 1,616,853 1,546,195
Unsecured credit facility borrowings 250,000 0
Lease liabilities 78,334 79,913
Accounts payable, accrued expenses and other liabilities 69,350 76,644
Identified intangible liabilities, net of accumulated amortization of $65,074 and $62,610, respectively 130,840 128,830
Total liabilities 2,145,377 1,831,582
Commitments and contingencies
Shareholders’ equity:    
Accumulated deficit (32,869) (56,166)
Partners’ capital:    
General partner: 117,956,031 and 121,370,125 units outstanding, respectively 987,668 1,020,362
Limited partners: 4,971,944 and 5,833,318 units outstanding, respectively 43,000 50,156
Total partners’ capital 997,799 1,014,352
Consolidated subsidiaries 424 424
Total equity 998,223 1,014,776
Total liabilities and equity $ 3,143,600 $ 2,846,358