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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Real estate, at cost:    
Land $ 527,749 $ 515,621
Buildings and improvements 2,332,337 2,197,076
Construction in progress 42,779 28,522
Furniture, fixtures and equipment 7,199 7,566
Total 2,910,064 2,748,785
Accumulated depreciation and amortization (719,755) (671,946)
Real estate, net 2,190,309 2,076,839
Right-of-use assets 77,183 81,768
Cash and cash equivalents 646,432 432,954
Restricted cash 24,564 52,182
Tenant and other receivables 24,376 21,565
Receivable arising from the straight-lining of rents 64,171 73,878
Identified intangible assets, net of accumulated amortization of $35,057 and $30,942, respectively 54,870 48,121
Deferred leasing costs, net of accumulated amortization of $17,054 and $16,560, respectively 19,618 21,474
Deferred financing costs, net of accumulated amortization of $4,540 and $3,765, respectively 3,625 3,877
Prepaid expenses and other assets 29,167 33,700
Total assets 3,134,315 2,846,358
Liabilities:    
Mortgages payable, net 1,590,304 1,546,195
Unsecured credit facility borrowings 250,000 0
Lease liabilities 75,965 79,913
Accounts payable, accrued expenses and other liabilities 68,396 76,644
Identified intangible liabilities, net of accumulated amortization of $69,368 and $62,610, respectively 125,766 128,830
Total liabilities 2,110,431 1,831,582
Commitments and contingencies
Shareholders’ equity:    
Common shares: $0.01 par value; 500,000,000 shares authorized and 116,701,311 and 121,370,125 shares issued and outstanding, respectively 1,166 1,213
Additional paid-in capital 987,436 1,019,149
Accumulated deficit (4,593) (52,546)
Noncontrolling interests:    
Operating partnership 39,451 46,536
Partners’ capital:    
Consolidated subsidiaries 424 424
Total equity 1,023,884 1,014,776
Total liabilities and equity 3,134,315 2,846,358
Urban Edge Properties LP    
Real estate, at cost:    
Buildings and improvements 2,332,337 2,197,076
Construction in progress 42,779 28,522
Furniture, fixtures and equipment 7,199 7,566
Total 2,910,064 2,748,785
Accumulated depreciation and amortization (719,755) (671,946)
Real estate, net 2,190,309 2,076,839
Right-of-use assets 77,183 81,768
Cash and cash equivalents 646,432 432,954
Restricted cash 24,564 52,182
Tenant and other receivables 24,376 21,565
Receivable arising from the straight-lining of rents 64,171 73,878
Identified intangible assets, net of accumulated amortization of $35,057 and $30,942, respectively 54,870 48,121
Deferred leasing costs, net of accumulated amortization of $17,054 and $16,560, respectively 19,618 21,474
Deferred financing costs, net of accumulated amortization of $4,540 and $3,765, respectively 3,625 3,877
Prepaid expenses and other assets 29,167 33,700
Total assets 3,134,315 2,846,358
Liabilities:    
Mortgages payable, net 1,590,304 1,546,195
Unsecured credit facility borrowings 250,000 0
Lease liabilities 75,965 79,913
Accounts payable, accrued expenses and other liabilities 68,396 76,644
Identified intangible liabilities, net of accumulated amortization of $69,368 and $62,610, respectively 125,766 128,830
Total liabilities 2,110,431 1,831,582
Commitments and contingencies
Shareholders’ equity:    
Accumulated deficit (6,154) (56,166)
Partners’ capital:    
General partner: 116,701,311 and 121,370,125 units outstanding, respectively 988,602 1,020,362
Limited partners: 4,676,787 and 5,833,318 units outstanding, respectively 41,012 50,156
Total partners’ capital 1,023,460 1,014,352
Consolidated subsidiaries 424 424
Total equity 1,023,884 1,014,776
Total liabilities and equity $ 3,134,315 $ 2,846,358