X0306 4 2018-05-08 0001611547 Urban Edge Properties UE 0000904503 ROTH STEVEN C/O URBAN EDGE PROPERTIES 210 ROUTE 4 EAST PARAMUS NJ 07652 1 Common Shares 2018-05-08 4 M 0 30011.0000 0 A 1327326.0000 D Common Shares 1936.0000 I Held by foundation Common Shares 2802526.0000 I Held by partnership Common Shares 18649.0000 I Held by spouse Phantom Units 2018-05-08 4 M 0 30011.0000 D Common Shares 30011.0000 0.0000 D On May 8, 2018, Mr. Roth received 30,011 Common Shares of Urban Edge Properties as an employee of Vornado and participant of the Vornado Realty Trust Nonqualified Deferred Compensation Plan. These Common Shares are held by the Daryl and Steven Roth Foundation, a charitable foundation over which Mr. Roth holds sole voting and investment power. Mr. Roth disclaims any pecuniary interest in these Common Shares. These Common Shares are held by Interstate Properties, a New Jersey general partnership of which Mr. Roth is the managing general partner. The filing of this Form 4 shall not be deemed an admission that Mr. Roth is the beneficial owner of these Common Shares, except to the extent of his pecuniary interest. These Common Shares are held by Mr. Roth's spouse. The filing of this Form 4 shall not be deemed an admission that Mr. Roth is the beneficial owner of these Common Shares. The Phantom Units represent compensation deferred by the Reporting Person into interests held through the Vornado Realty Trust Nonqualifed Deferred Compensation Plan that are valued with respect to the underlying security,which in this case is common shares of Urban Edge Properties. The Phantom Units were settled by a distribution to the Reporting Person of the underlying security from the Vornado Realty Trust Nonqualified Deferred Compensation Plan. /s/ Robert C. Milton III under POA 2018-05-10