Form 8-K

8-K — Urban Edge Properties

Accession: 0001611547-26-000038

Filed: 2026-04-29

Period: 2026-04-29

CIK: 0001611547

SIC: 6500 (REAL ESTATE)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — ue-20260429.htm (Primary)

EX-99.1 (exhibit991-earningsrelease.htm)

EX-99.2 (exhibit992-supplementaldis.htm)

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8-K

8-K (Primary)

Filename: ue-20260429.htm · Sequence: 1

ue-20260429

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

April 29, 2026

URBAN EDGE PROPERTIES

URBAN EDGE PROPERTIES LP

(Exact name of Registrant as specified in its charter)

Maryland (Urban Edge Properties) 001-36523 (Urban Edge Properties) 47-6311266

Delaware (Urban Edge Properties LP) 333-212951-01 (Urban Edge Properties LP) 36-4791544

(State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number)

12 East 49th Street,

New York NY 10017

(Address of Principal Executive offices) (Zip Code)

Registrant’s telephone number including area code: (212) 956-0082

Former name or former address, if changed since last report: N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2.):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Urban Edge Properties

Title of class of registered securities Trading symbol Name of exchange on which registered

Common shares of beneficial interest, par value $0.01 per share UE The New York Stock Exchange

Urban Edge Properties LP

Title of class of registered securities Trading symbol Name of exchange on which registered

None N/A N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Urban Edge Properties - Emerging growth company ☐ Urban Edge Properties LP - Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Urban Edge Properties o Urban Edge Properties LP o

This Current Report on Form 8-K is filed by Urban Edge Properties, a Maryland real estate investment trust (the “Company”), and Urban Edge Properties LP, a Delaware limited partnership through which the Company conducts substantially all of its operations (the "Operating Partnership"). The Company is the sole general partner of the Operating Partnership.

Item 2.02 Results of Operations and Financial Condition.

On April 29, 2026, the Company announced its financial results for the three months ended March 31, 2026. Copies of the Company's Earnings Press Release and Supplemental Disclosure Package are furnished as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K. The information contained in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 attached hereto, is being "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of Section 18, nor shall it be deemed incorporated by reference into any filing of the Company or the Operating Partnership under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 7.01 Regulation FD Disclosure.

On April 29, 2026, the Company announced its financial results for the three months ended March 31, 2026 and made available on its website the Earnings Press Release and Supplemental Disclosure Package described in Item 2.02 above. The information contained in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 attached hereto, is being "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of Section 18, nor shall it be deemed incorporated by reference into any filing of the Company or the Operating Partnership under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1

Earnings Press Release of Urban Edge Properties dated April 29, 2026

99.2

Supplemental Disclosure Package of Urban Edge Properties as of March 31, 2026

104 Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Exchange Act, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

URBAN EDGE PROPERTIES

Date: April 29, 2026

By: /s/ Mark Langer

Mark Langer, Executive Vice President and Chief Financial Officer

URBAN EDGE PROPERTIES LP

By: Urban Edge Properties, General Partner

Date: April 29, 2026

By: /s/ Mark Langer

Mark Langer, Executive Vice President and Chief Financial Officer

EX-99.1

Filename: exhibit991-earningsrelease.htm · Sequence: 2

Document

Exhibit 99.1

Urban Edge Properties For additional information:

12 East 49th Street

Mark Langer, EVP and

New York, NY 10017 Chief Financial Officer

212-956-0082

FOR IMMEDIATE RELEASE:

Urban Edge Properties Reports First Quarter 2026 Results

NEW YORK, NY, April 29, 2026 - Urban Edge Properties (NYSE: UE) (the "Company") today announced its results for the quarter ended March 31, 2026 and updated its outlook for full-year 2026.

"Our first quarter results reflect the continued strength and quality of our portfolio,” said Jeff Olson, Chairman and CEO. "We executed 419,000 sf of leasing transactions in the quarter, including 84,000 sf of new leases at a cash spread of 52%, and 335,000 sf of renewals, achieving a blended cash spread of 15%. We acquired The Village at Bridgewater Commons in Bridgewater, New Jersey for $54 million, advancing our external growth plans. We have also raised the low end of our FFO as Adjusted guidance from a range of $1.47 to $1.52 per diluted share to $1.48 to $1.52 per diluted share."

"As we look ahead, our leasing pipeline remains robust, our balance sheet is well-positioned, and we believe the fundamentals driving our business - including the ongoing demand for high-quality retail space and supply constraints in our markets - will translate into sustained long-term growth," he concluded.

Financial Results(1)(2)

(in thousands, except per share amounts) 1Q26 1Q25

Net income attributable to common shareholders $ 22,645 $ 8,198

Net income per diluted share 0.18 0.07

Funds from Operations ("FFO") 55,657 45,458

FFO per diluted share 0.42 0.35

FFO as Adjusted 47,569 45,921

FFO as Adjusted per diluted share 0.36 0.35

The increases in net income, FFO and FFO as Adjusted for the three months ended March 31, 2026 were driven by rent commencements on new leases, higher net recovery revenue, growth from accretive capital recycling and lower interest and debt expense. Net income and FFO for the three months ended March 31, 2026 also benefited from $8.4 million, or $0.06 per diluted share, of non-recurring reimbursements received during the quarter pertaining to previously incurred environmental remediation costs.

Same-Property Operating Results Compared to the Prior Year Period(1)(3)

1Q26

Same-property Net Operating Income ("NOI") growth 2.4 %

Same-property NOI growth, including properties in redevelopment 2.8 %

Increases in same-property NOI metrics for the three months ended March 31, 2026 were driven by rent commencements on new leases from our signed but not open pipeline and higher net recovery revenue, partially offset by higher levels of uncollected rents.

Leasing and Occupancy Results(1)

•The Company reported same-property portfolio leased occupancy of 96.4%, a decrease of 30 basis points compared to March 31, 2025 and December 31, 2025.

•Consolidated portfolio leased occupancy was 96.4%, flat compared to March 31, 2025 and a decrease of 30 basis points compared to December 31, 2025.

•Retail shop leased occupancy was 92.4%, flat compared to March 31, 2025 and a decrease of 20 basis points compared to December 31, 2025.

•The Company executed 45 new leases, renewals and options totaling 419,000 sf during the quarter. New leases totaled 84,000 sf, of which 59,000 sf was on a same-space basis and generated an average cash spread of 51.6%. New leases, renewals and options totaled 394,000 sf on a same-space basis and generated an average cash spread of 14.6%.

•As of March 31, 2026, signed leases that have not yet rent commenced are expected to generate an additional $21.7 million of future annual gross rent, representing approximately 7% of current annualized NOI. Approximately $3.3 million of this amount is expected to be recognized in the remainder of 2026.

Acquisition Activity

On March 30, 2026, the Company acquired The Village at Bridgewater Commons for a gross purchase price of $54.3 million, reflecting a 7.7% capitalization rate. The 92,000 sf shopping center is located in Bridgewater, NJ along a highly trafficked and affluent retail corridor with a 5-mile annual average household income of $183,000. The center features a freestanding medical building for Summit Health as well as several high-quality quick-service restaurants including Chipotle, Shake Shack, Cava and Starbucks.

Financing Activity

On January 22, 2026, the Company entered into $950 million of unsecured credit facilities, expanding its borrowing capacity by $150 million. The unsecured credit facilities are comprised of an unsecured line of credit and two delayed-draw term loans aggregating $250 million.

The Company’s existing revolving credit agreement was amended and restated to reduce the unsecured line of credit by $100 million to $700 million and extend the maturity date to June 2030 with two six-month extension options. The term loans are $125 million each consisting of a 5-year maturity and a 7-year maturity, both of which have a delayed-draw feature through January 22, 2027. Based on the Company's current leverage ratio, borrowings under the unsecured line of credit, 5-year term loan and 7-year term loan bear interest at SOFR plus 1.00%, SOFR plus 1.15% and SOFR plus 1.50%, respectively.

On March 18, 2026, the Company obtained a $62.5 million, 7-year non-recourse mortgage secured by Plaza at Woodbridge with a swapped fixed interest rate of 5.0%.

As of March 31, 2026, the Company had $30 million outstanding under its unsecured line of credit and no amounts drawn on either of the 5-year or 7-year term loans.

Development and Redevelopment

During the quarter, the Company stabilized four redevelopment projects totaling $6.8 million with new rent commencements from Lidl and Boot Barn at Totowa Commons, Ross Dress for Less at Plaza at Woodbridge, Texas Roadhouse at Outlets at Montehiedra, and Big Blue Swim School at Plaza at Cherry Hill.

As of March 31, 2026, the Company has $157.3 million of active development and redevelopment projects underway, with estimated remaining costs to complete of $66.8 million. The active development and redevelopment projects are expected to generate an approximate 13% yield.

Balance Sheet and Liquidity(1)(4)(5)

Balance sheet highlights as of March 31, 2026 include:

•Total liquidity of approximately $968 million, consisting of $76 million of cash on hand and $892 million available under the Company's $950 million of unsecured credit facilities, including undrawn letters of credit.

•Mortgages payable of $1.68 billion, with a weighted average term to maturity of 3.6 years, all of which are fixed rate or hedged.

•$30 million drawn on our $700 million unsecured line of credit that matures on June 28, 2030, with two six-month extension options.

•No outstanding balance on our $250 million of delayed-draw term loans.

•Total market capitalization of approximately $4.37 billion, comprised of 133.3 million fully-diluted common shares valued at $2.66 billion and $1.71 billion of debt.

•Net debt to total market capitalization of 37%.

2026 Outlook

The Company has updated its 2026 full-year guidance ranges for net income and FFO and raised the low end of its guidance range by $0.01 per diluted share for FFO as Adjusted, estimating net income of $0.56 to $0.60 per diluted share, FFO of $1.54 to $1.58 per diluted share and FFO as Adjusted of $1.48 to $1.52 per diluted share. A reconciliation of the range of estimated earnings, FFO and FFO as Adjusted, the assumptions used in our guidance, and a reconciliation bridging 2025 FFO per diluted share to the 2026 estimates can be found on pages 4 and 5 of this release.

Earnings Conference Call Information

The Company will host an earnings conference call and audio webcast on April 29, 2026 at 8:30 AM ET. All interested parties can access the earnings call by dialing 1-877-407-9716 (Toll Free) or 1-201-493-6779 (Toll/International) using conference ID 13759141. The call will also be webcast and available in listen-only mode on the investors page of our website: www.uedge.com. A replay will be available at the webcast link on the investors page for one year following the conclusion of the call. A telephonic replay of the call will also be available starting April 29, 2026 at 11:30 AM ET through May 13, 2026 at 11:59 PM ET by dialing 1-844-512-2921 (Toll Free) or 1-412-317-6671 (Toll/International) using conference ID 13759141.

(1) Refer to "Non-GAAP Financial Measures" on page 6 and "Operating Metrics" on page 7 for definitions and additional details. Reported consolidated occupancy excludes the impact of Sunrise Mall. Including Sunrise Mall, consolidated portfolio leased occupancy was 89.9% at March 31, 2026.

(2) Refer to page 11 for a reconciliation of net income to FFO and FFO as Adjusted for the three months ended March 31, 2026.

(3) Refer to page 12 for a reconciliation of net income to NOI and Same-Property NOI for the three months ended March 31, 2026.

(4) Net debt as of March 31, 2026 is calculated as total consolidated debt of $1.7 billion less total cash and cash equivalents, including restricted cash, of $76 million.

(5) Availability under our unsecured credit facilities is net of letters of credit issued under the unsecured line of credit. The Company obtained seven letters of credit aggregating $27.9 million which have reduced the available balance commensurate with their face values but remain undrawn and no separate liability has been recorded.

2026 Earnings Guidance

The Company has updated its 2026 full-year guidance ranges for net income and FFO and raised the low end of its guidance range by $0.01 per diluted share for FFO as Adjusted, estimating net income of $0.56 to $0.60 per diluted share, FFO of $1.54 to $1.58 per diluted share and FFO as Adjusted of $1.48 to $1.52 per diluted share. Below is a summary of the Company's 2026 outlook, assumptions used in its forecasting, and a reconciliation of the range of estimated earnings, FFO, and FFO as Adjusted per diluted share.

Previous Guidance Revised Guidance

Net income per diluted share

$0.49 - $0.54

$0.56 - $0.60

Net income attributable to common shareholders per diluted share

$0.47 - $0.52

$0.54 - $0.58

FFO per diluted share

$1.47 - $1.52

$1.54 - $1.58

FFO as Adjusted per diluted share

$1.47 - $1.52

$1.48 - $1.52

The Company's revised 2026 full-year outlook is based on the following assumptions:

•Same-property NOI growth, including properties in redevelopment, of 3.00% to 3.75%, reflecting an increase on the low end from our previous assumption of 2.75% to 3.75%.

•Recurring G&A expenses ranging from $34.5 million to $36.5 million, unchanged from our previous assumption.

•Interest and debt expense ranging from $78.0 million to $79.0 million, reflecting a decrease from our previous assumption of $78.9 million to $80.9 million.

•Acquisitions of $54 million, reflecting activity completed year-to-date, and dispositions of $60 million to $65 million.

•Excludes items that impact FFO comparability, including gains and/or losses on extinguishment of debt, transaction, severance, litigation, and other one-time items outside of the ordinary course of business.

Guidance 2026E

Per Diluted Share(1)

(in thousands, except per share amounts) Low High Low High

Net income $ 73,600 $ 78,900 $ 0.56 $ 0.60

Less net (income) loss attributable to noncontrolling interests in:

Operating partnership (3,800) (4,000) (0.03) (0.03)

Consolidated subsidiaries 900 900 0.01 0.01

Net income attributable to common shareholders 70,700 75,800 0.54 0.58

Adjustments:

Rental property depreciation and amortization 127,200 127,200 0.97 0.97

Limited partnership interests in operating partnership 3,800 4,000 0.03 0.03

FFO Applicable to diluted common shareholders 201,700 207,000 1.54 1.58

Adjustments to FFO:

Transaction, severance, litigation expenses and other, net (7,900) (7,900) (0.06) (0.06)

Loss on extinguishment of debt 200 200 — —

FFO as Adjusted applicable to diluted common shareholders $ 194,000 $ 199,300 $ 1.48 $ 1.52

(1) Amounts may not foot due to rounding.

The following table is a reconciliation bridging 2025 FFO per diluted share to the Company's estimated 2026 FFO per diluted share:

Per Diluted Share(1)

Low High

2025 FFO applicable to diluted common shareholders $ 1.43 $ 1.43

2025 Items impacting FFO comparability(2)

0.01 0.01

2026 Items impacting FFO comparability(2)

0.06 0.06

Same-property NOI growth, including redevelopment 0.06 0.08

Acquisitions net of dispositions NOI growth 0.01 0.01

Recurring general and administrative (0.01) —

Straight-line rent and non-cash items (0.01) —

2026 FFO applicable to diluted common shareholders $ 1.54 $ 1.58

(1) Amounts may not foot due to rounding.

(2) Includes adjustments to FFO for fiscal year 2025 and expected adjustments for fiscal year 2026 which impact comparability. See "Reconciliation of net income to FFO and FFO as Adjusted" on page 11 for actual adjustments year-to-date and our fourth quarter 2025 Supplemental Disclosure Package for 2025 adjustments.

The Company is providing a projection of anticipated net income solely to satisfy the disclosure requirements of the Securities and Exchange Commission ("SEC"). The Company's projections are based on management’s current beliefs and assumptions about the Company's business, and the industry and the markets in which it operates; there are known and unknown risks and uncertainties associated with these projections. There can be no assurance that actual results will not differ from the guidance set forth above. The Company assumes no obligation to update publicly any forward-looking statements, including its 2026 earnings guidance, whether as a result of new information, future events or otherwise. Please refer to the “Forward-Looking Statements” disclosures on page 8 of this document and “Risk Factors” disclosed in the Company's annual and quarterly reports filed with the SEC for more information.

Non-GAAP Financial Measures

The Company uses certain non-GAAP performance measures, in addition to the primary GAAP presentations, as we believe these measures improve the understanding of the Company's operational results. We continually evaluate the usefulness, relevance, limitations, and calculation of our reported non-GAAP performance measures to determine how best to provide relevant information to the investing public, and thus such reported measures are subject to change. The Company's non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results. Additionally, the Company's computation of non-GAAP metrics may not be comparable to similarly titled non-GAAP metrics reported by other real estate investment trusts ("REITs") or real estate companies that define these metrics differently and, as a result, it is important to understand the manner in which the Company defines and calculates each of its non-GAAP metrics. The following non-GAAP measures are commonly used by the Company and investing public to understand and evaluate our operating results and performance:

•FFO: The Company believes FFO is a useful, supplemental measure of its operating performance that is a recognized metric used extensively by the real estate industry and, in particular REITs. FFO, as defined by the National Association of Real Estate Investment Trusts ("Nareit") and the Company, is net income (computed in accordance with GAAP), excluding gains (or losses) from sales of depreciable real estate and land when connected to the main business of a REIT, impairments on depreciable real estate or land related to a REIT's main business, earnings from consolidated partially owned entities and rental property depreciation and amortization expense. The Company believes that financial analysts, investors and shareholders are better served by the presentation of comparable period operating results generated from FFO primarily because it excludes the assumption that the value of real estate assets diminishes predictably. FFO does not represent cash flows from operating activities in accordance with GAAP, should not be considered an alternative to net income as an indication of our performance, and is not indicative of cash flow as a measure of liquidity or our ability to make cash distributions.

•FFO as Adjusted: The Company provides disclosure of FFO as Adjusted because it believes it is a useful supplemental measure of its core operating performance that facilitates comparability of historical financial periods. FFO as Adjusted is calculated by making certain adjustments to FFO to account for items the Company does not believe are representative of ongoing core operating results, including non-comparable revenues and expenses. The Company's method of calculating FFO as Adjusted may be different from methods used by other REITs and, accordingly, may not be comparable to such other REITs.

•NOI: The Company uses NOI internally to make investment and capital allocation decisions and to compare the unlevered performance of our properties to our peers. The Company believes NOI is useful to investors as a performance measure because, when compared across periods, NOI reflects the impact on operations from trends in occupancy rates, rental rates, operating costs and acquisition and disposition activity on an unleveraged basis, providing perspective not immediately apparent from net income. The Company calculates NOI using net income as defined by GAAP reflecting only those income and expense items that are incurred at the property level and through the Company's captive insurance program, adjusted for non-cash rental income and expense, impairments on depreciable real estate or land, and income or expenses that we do not believe are representative of ongoing operating results, if any. In addition, the Company uses NOI margin, calculated as NOI divided by total property revenue, which the Company believes is useful to investors for similar reasons.

•Same-property NOI: The Company provides disclosure of NOI on a same-property basis, which includes the results of properties that were owned and operated for the entirety of the reporting periods being compared, which total 66 properties for the three months ended March 31, 2026 and 2025. Information provided on a same-property basis excludes properties under development, redevelopment or that involve anchor repositioning where a substantial portion of the gross leasable area ("GLA") is taken out of service and also excludes properties acquired, sold, or that are in the foreclosure process during the periods being compared, and results of our captive insurance program. As such, same-property NOI assists in eliminating disparities in net income due to the development, redevelopment, acquisition, disposition, or foreclosure of properties and results of our captive insurance program during the periods presented, and thus provides a more consistent performance measure for the comparison of the operating performance of the Company's properties. While there is judgment surrounding changes in designations, a property is removed from the same-property pool when it is designated as a redevelopment property because it is undergoing significant renovation or retenanting pursuant to a formal plan that is expected to have a significant impact on its operating income. A development or redevelopment property is moved back to the same-property pool once a substantial portion of the NOI growth expected from the development or redevelopment is reflected in both the current and comparable prior year period, generally one year after at least 80% of the expected NOI from the project is realized on a cash basis. Acquisitions are moved into the same-property pool once we have owned the property for the entirety of the comparable periods and the property is not under significant development or redevelopment. The Company has also provided disclosure of NOI on a same-property basis adjusted to include redevelopment properties. Same-property NOI may include

other adjustments as detailed in the Reconciliation of Net Income to NOI and same-property NOI included in the tables accompanying this press release.

•EBITDAre and Adjusted EBITDAre: EBITDAre and Adjusted EBITDAre are supplemental, non-GAAP measures utilized by us in various financial ratios. The White Paper on EBITDAre, approved by Nareit's Board of Governors in September 2017, defines EBITDAre as net income (computed in accordance with GAAP), adjusted for interest expense, income tax (benefit) expense, depreciation and amortization, losses and gains on the disposition of depreciated property, impairment write-downs of depreciated property and investments in unconsolidated joint ventures, and adjustments to reflect the entity's share of EBITDAre of unconsolidated joint ventures. EBITDAre and Adjusted EBITDAre are presented to assist investors in the evaluation of REITs, as a measure of the Company's operational performance as they exclude various items that do not relate to or are not indicative of our operating performance and because they approximate key performance measures in our debt covenants. Accordingly, the Company believes that the use of EBITDAre and Adjusted EBITDAre, as opposed to income before income taxes, in various ratios provides meaningful performance measures related to the Company's ability to meet various coverage tests for the stated periods. Adjusted EBITDAre may include other adjustments not indicative of operating results as detailed in the Reconciliation of Net Income to EBITDAre and Adjusted EBITDAre included in the tables accompanying this press release. The Company also presents the ratio of net debt (net of cash) to annualized Adjusted EBITDAre as of March 31, 2026, and net debt (net of cash) to total market capitalization, which it believes is useful to investors as a supplemental measure in evaluating the Company's balance sheet leverage.

The Company believes net income is the most directly comparable GAAP financial measure to the non-GAAP performance measures outlined above. Reconciliations of these measures to net income have been provided in the tables accompanying this press release.

Operating Metrics

The Company presents certain operating metrics related to our properties, including occupancy, leasing activity and rental rates. Operating metrics used by the Company are useful to investors in facilitating an understanding of the operational performance for our properties.

Recovery ratios represent the percentage of operating expenses recuperated through tenant reimbursements. This metric is presented on a same-property and same-property including redevelopment basis and is calculated by dividing tenant expense reimbursements (adjusted to exclude any ancillary income) by the sum of real estate taxes and property operating expenses.

Occupancy metrics represent the percentage of occupied gross leasable area based on executed leases (including properties in development and redevelopment) and include leases signed, but for which rent has not yet commenced. Same-property portfolio leased occupancy includes properties that have been owned and operated for the entirety of the reporting periods being compared, which total 66 properties for the three months ended March 31, 2026 and 2025. Occupancy metrics presented for the Company's same-property portfolio exclude properties under development, redevelopment or that involve anchor repositioning where a substantial portion of the gross leasable area is taken out of service and also excludes properties acquired within the past 12 months or properties sold, and properties that are in the foreclosure process during the periods being compared.

Executed new leases, renewals and exercised options are presented on a same-space basis. Same-space leases represent those leases signed on spaces for which there was a previous lease.

The Company occasionally provides disclosures by tenant categories which include anchors, shops and industrial/self-storage. Anchors and shops are further broken down by local, regional and national tenants. We define anchor tenants as those who have a leased area of >10,000 sf. Local tenants are defined as those with less than five locations. Regional tenants are those with five or more locations in a single region. National tenants are defined as those with five or more locations and that operate in two or more regions.

ADDITIONAL INFORMATION

For a copy of the Company’s supplemental disclosure package, please access the "Investors" section of our website at www.uedge.com. Our website also includes other financial information, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and any amendments to those reports.

The Company uses, and intends to continue to use, the “Investors” page of its website, which can be found at www.uedge.com, as a means of disclosing material nonpublic information and of complying with its disclosure obligations under Regulation FD, including, without limitation, through the posting of investor presentations that may include material nonpublic information. Accordingly, investors should monitor the “Investors” page, in addition to following the Company's press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

ABOUT URBAN EDGE

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 74 properties totaling 17.3 million square feet of gross leasable area.

FORWARD-LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are not guarantees of future performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Our future results, financial condition, business and targeted occupancy may differ materially from those expressed in these forward-looking statements. You can identify many of these statements by words such as “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “would,” “may” or other similar expressions in this press release. Many of the factors that will determine the outcome of forward-looking statements are beyond our ability to control or predict and include, among others: (i) macroeconomic conditions, including geopolitical conditions and instability, and international trade disputes, including any related tariffs, which may lead to rising inflation, adverse impacts to supply chains, and disruption of, or lack of access to, the capital markets, as well as potential volatility in the Company’s share price; (ii) the economic, political and social impact of, and uncertainty relating to, epidemics and pandemics; (iii) the loss or bankruptcy of major tenants; (iv) the ability and willingness of the Company’s tenants to renew their leases with the Company upon expiration and the Company’s ability to re-lease its properties on the same or better terms, or at all, in the event of non-renewal or in the event the Company exercises its right to replace an existing tenant; (v) the impact of e-commerce on our tenants’ business; (vi) the Company’s success in implementing its business strategy and its ability to identify, underwrite, finance, consummate and integrate diversifying acquisitions and investments; (vii) changes in general economic conditions or economic conditions in the markets in which the Company competes, and their effect on the Company’s revenues, earnings and funding sources, and on those of its tenants; (viii) increases in the Company’s borrowing costs as a result of changes in interest rates, rising inflation, and other factors; (ix) the Company’s ability to pay down, refinance, hedge, restructure or extend its indebtedness as it becomes due and potential limitations on the Company’s ability to borrow funds under its existing credit facility as a result of covenants relating to the Company’s financial results; (x) potentially higher costs associated with the Company’s development, redevelopment and anchor repositioning projects, and the Company’s ability to lease the properties at projected rates; (xi) the Company’s liability for environmental matters; (xii) damage to the Company’s properties from catastrophic weather and other natural events, and the physical effects of climate change; (xiii) the Company’s ability and willingness to maintain its qualification as a REIT in light of economic, market, legal, tax and other considerations; (xiv) information technology security breaches; (xv) the loss of key executives; and (xvi) the accuracy of methodologies and estimates regarding our environmental, social and governance (collectively, our Corporate Responsibility or “CR”) metrics, goals and targets, tenant willingness and ability to collaborate towards reporting CR metrics and meeting CR goals and targets, and the impact of governmental regulation on our CR efforts. For further discussion of factors that could materially affect the outcome of our forward-looking statements, see “Risk Factors” in Part I, Item 1A, of the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and the other documents filed by the Company with the Securities and Exchange Commission (the "SEC").

We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for any forward-looking statements included in this press release. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. We do not undertake any obligation to release publicly any revisions to our forward-looking statements to reflect events or circumstances occurring after the date of this press release.

URBAN EDGE PROPERTIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share amounts)

March 31, December 31,

2026 2025

ASSETS

Real estate, at cost:

Land $ 676,038 $ 669,078

Buildings and improvements 2,878,759 2,835,540

Construction in progress 358,886 327,413

Furniture, fixtures and equipment 13,485 13,059

Total 3,927,168 3,845,090

Accumulated depreciation and amortization (956,464) (935,548)

Real estate, net 2,970,704 2,909,542

Operating lease right-of-use assets 57,225 58,917

Cash and cash equivalents 49,996 48,881

Restricted cash 25,870 29,984

Tenant and other receivables 33,881 26,658

Receivables arising from the straight-lining of rents 64,205 63,842

Identified intangible assets, net of accumulated amortization of $69,080 and $70,514, respectively

91,057 87,591

Deferred leasing costs, net of accumulated amortization of $22,671 and $21,982, respectively

31,193 31,220

Prepaid expenses and other assets 64,830 55,236

Total assets $ 3,388,961 $ 3,311,871

LIABILITIES AND EQUITY

Liabilities:

Mortgages payable, net $ 1,665,218 $ 1,606,774

Unsecured line of credit 30,000 —

Operating lease liabilities 54,710 56,329

Accounts payable, accrued expenses and other liabilities 83,799 97,397

Identified intangible liabilities, net of accumulated amortization of $62,274 and $59,668, respectively

173,780 174,899

Total liabilities 2,007,507 1,935,399

Commitments and contingencies

Shareholders’ equity:

Common shares: $0.01 par value; 500,000,000 shares authorized and 125,972,127 and 125,912,647 shares issued and outstanding, respectively

1,258 1,257

Additional paid-in capital 1,165,097 1,163,939

Accumulated other comprehensive income (loss) 299 (703)

Accumulated earnings 120,752 124,566

Noncontrolling interests:

Operating partnership 74,534 69,140

Consolidated subsidiaries 19,514 18,273

Total equity 1,381,454 1,376,472

Total liabilities and equity $ 3,388,961 $ 3,311,871

URBAN EDGE PROPERTIES

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share amounts)

Three Months Ended March 31,

2026 2025

REVENUE

Rental revenue $ 124,185 $ 118,092

Other income 8,439 73

Total revenue 132,624 118,165

EXPENSES

Depreciation and amortization 32,312 37,195

Real estate taxes 16,602 16,358

Property operating 28,938 24,059

General and administrative 9,136 9,531

Lease expense 3,173 3,371

Total expenses 90,161 90,514

Interest income 393 607

Interest and debt expense (18,719) (19,755)

(Loss) gain on extinguishment of debt (212) 498

Income before income taxes 23,925 9,001

Income tax expense (378) (619)

Net income 23,547 8,382

Less net (income) loss attributable to noncontrolling interests in:

Operating partnership (1,177) (432)

Consolidated subsidiaries 275 248

Net income attributable to common shareholders $ 22,645 $ 8,198

Earnings per common share - Basic: $ 0.18 $ 0.07

Earnings per common share - Diluted: $ 0.18 $ 0.07

Weighted average shares outstanding - Basic 125,879 125,513

Weighted average shares outstanding - Diluted 131,105 125,603

Reconciliation of Net Income to FFO and FFO as Adjusted

The following table reflects the reconciliation of net income to FFO and FFO as Adjusted for the three months ended March 31, 2026 and 2025. Net income is considered the most directly comparable GAAP measure. Refer to "Non-GAAP Financial Measures" on page 6 for a description of FFO and FFO as Adjusted.

Three Months Ended March 31,

(in thousands, except per share amounts) 2026 2025

Net income $ 23,547 $ 8,382

Less net (income) loss attributable to noncontrolling interests in:

Consolidated subsidiaries 275 248

Operating partnership (1,177) (432)

Net income attributable to common shareholders 22,645 8,198

Adjustments:

Rental property depreciation and amortization 31,835 36,828

Limited partnership interests in operating partnership 1,177 432

FFO Applicable to diluted common shareholders 55,657 45,458

FFO per diluted common share(1)

0.42 0.35

Adjustments to FFO:

Transaction, severance, litigation expenses and other, net(2)

(8,300) 1,024

Non-cash adjustments(3)

— (63)

Loss (gain) on extinguishment of debt 212 (498)

FFO as Adjusted applicable to diluted common shareholders $ 47,569 $ 45,921

FFO as Adjusted per diluted common share(1)

$ 0.36 $ 0.35

Weighted Average diluted common shares(1)

131,105 130,328

(1) Weighted average diluted shares used to calculate FFO per share and FFO as Adjusted per share for the three months ended March 31, 2025 are higher than the GAAP weighted average diluted shares as a result of the dilutive impact of LTIP and OP units which may be redeemed for our common shares.

(2) Includes $8.4 million of non-recurring reimbursements related to environmental remediation costs, and $0.1 million of transaction costs and severance expenses for the three months ended March 31, 2026.

(3) Includes the acceleration and write-off of lease intangibles related to tenant bankruptcies.

Reconciliation of Net Income to NOI and Same-Property NOI

The following table reflects the reconciliation of net income to NOI, same-property NOI and same-property NOI including properties in redevelopment for the three months ended March 31, 2026 and 2025. Net income is considered the most directly comparable GAAP measure. Refer to "Non-GAAP Financial Measures" on page 6 for a description of NOI and same-property NOI.

Three Months Ended March 31,

(in thousands) 2026 2025

Net income $ 23,547 $ 8,382

Depreciation and amortization 32,312 37,195

Interest and debt expense 18,719 19,755

General and administrative expense 9,136 9,531

Loss (gain) on extinguishment of debt 212 (498)

Other (income) expense (8,066) 467

Income tax expense 378 619

Interest income (393) (607)

Non-cash revenue and expenses (2,819) (3,272)

NOI 73,026 71,572

Adjustments:

Sunrise Mall net operating loss 479 295

Tenant bankruptcy settlement income and lease termination income — (61)

Non-same property NOI and other(1)

(8,246) (8,091)

Same-property NOI $ 65,259 $ 63,715

NOI related to properties being redeveloped 6,583 6,149

Same-property NOI including properties in redevelopment $ 71,842 $ 69,864

(1) Non-same property NOI includes NOI related to properties being redeveloped and properties acquired, disposed, or that are in the foreclosure process during the periods being compared, and results of the Company's captive insurance program.

Reconciliation of Net Income to EBITDAre and Adjusted EBITDAre

The following table reflects the reconciliation of net income to EBITDAre and Adjusted EBITDAre for the three months ended March 31, 2026 and 2025. Net income is considered the most directly comparable GAAP measure. Refer to "Non-GAAP Financial Measures" on page 6 for a description of EBITDAre and Adjusted EBITDAre.

Three Months Ended March 31,

(in thousands) 2026 2025

Net income $ 23,547 $ 8,382

Depreciation and amortization 32,312 37,195

Interest and debt expense 18,719 19,755

Income tax expense 378 619

EBITDAre 74,956 65,951

Adjustments for Adjusted EBITDAre:

Transaction, severance, litigation expenses and other, net(1)

(8,300) 1,024

Loss (gain) on extinguishment of debt 212 (498)

Non-cash adjustments(2)

— (63)

Adjusted EBITDAre $ 66,868 $ 66,414

(1) Includes $8.4 million of non-recurring reimbursements related to environmental remediation costs, and $0.1 million of transaction costs and severance expenses for the three months ended March 31, 2026.

(2) Includes the acceleration and write-off of lease intangibles related to tenant bankruptcies.

EX-99.2

Filename: exhibit992-supplementaldis.htm · Sequence: 3

Document

Exhibit 99.2

SUPPLEMENTAL DISCLOSURE

PACKAGE

March 31, 2026

Urban Edge Properties

12 East 49th Street, New York, NY 10017

NY Office: 212-956-0082

www.uedge.com

URBAN EDGE PROPERTIES

SUPPLEMENTAL DISCLOSURE

March 31, 2026

(unaudited)

TABLE OF CONTENTS

Page

Press Release

First Quarter 2026 Earnings Press Release

Overview

Summary Financial Results and Ratios 13

Consolidated Financial Statements

Consolidated Balance Sheets 14

Consolidated Statements of Income 15

Consolidated Statements of Cash Flows 16

Non-GAAP Financial Measures and Supplemental Data

Supplemental Schedule of Net Operating Income 17

Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (EBITDAre) 18

Funds from Operations 19

Market Capitalization, Debt Ratios and Liquidity 20

Additional Disclosures 21

Leasing Data

Tenant Concentration - Top Twenty-Five Tenants 22

Leasing Activity 23

Leases Executed but Not Yet Rent Commenced 24

Retail Portfolio Lease Expiration Schedules 25

Property Data

Property Status Report 27

Property Acquisitions and Dispositions 30

Development, Redevelopment and Anchor Repositioning Projects 31

Debt Schedules

Debt Summary 33

Mortgage Debt Summary 34

Debt Maturity Schedule 35

Urban Edge Properties For additional information:

12 East 49th Street

Mark Langer, EVP and

New York, NY 10017 Chief Financial Officer

212-956-0082

FOR IMMEDIATE RELEASE:

Urban Edge Properties Reports First Quarter 2026 Results

NEW YORK, NY, April 29, 2026 - Urban Edge Properties (NYSE: UE) (the "Company") today announced its results for the quarter ended March 31, 2026 and updated its outlook for full-year 2026.

Financial Results(1)(2)

(in thousands, except per share amounts) 1Q26 1Q25

Net income attributable to common shareholders $ 22,645 $ 8,198

Net income per diluted share 0.18 0.07

Funds from Operations ("FFO") 55,657 45,458

FFO per diluted share 0.42 0.35

FFO as Adjusted 47,569 45,921

FFO as Adjusted per diluted share 0.36 0.35

Same-Property Operating Results Compared to the Prior Year Period(1)(3)

1Q26

Same-property Net Operating Income ("NOI") growth 2.4 %

Same-property NOI growth, including properties in redevelopment 2.8 %

Leasing and Occupancy Results(1)

•The Company reported same-property portfolio leased occupancy of 96.4%, a decrease of 30 basis points compared to March 31, 2025 and December 31, 2025.

•Consolidated portfolio leased occupancy was 96.4%, flat compared to March 31, 2025 and a decrease of 30 basis points compared to December 31, 2025.

•Retail shop leased occupancy was 92.4%, flat compared to March 31, 2025 and a decrease of 20 basis points compared to December 31, 2025.

Acquisition Activity

Financing Activity

On March 18, 2026, the Company obtained a $62.5 million, 7-year non-recourse mortgage secured by Plaza at Woodbridge with a swapped fixed interest rate of 5.0%.

As of March 31, 2026, the Company had $30 million outstanding under its unsecured line of credit and no amounts drawn on either of the 5-year or 7-year term loans.

Development and Redevelopment

Balance Sheet and Liquidity(1)(4)(5)(6)

Balance sheet highlights as of March 31, 2026 include:

•Mortgages payable of $1.68 billion, with a weighted average term to maturity of 3.6 years, all of which are fixed rate or hedged.

•$30 million drawn on our $700 million unsecured line of credit that matures on June 28, 2030, with two six-month extension options.

•No outstanding balance on our $250 million of delayed-draw term loans.

•Total market capitalization of approximately $4.37 billion, comprised of 133.3 million fully-diluted common shares valued at $2.66 billion and $1.71 billion of debt.

•Net debt to total market capitalization of 37%.

2026 Outlook

Earnings Conference Call Information

(2) Refer to page 8 for a reconciliation of net income to FFO and FFO as Adjusted for the three months ended March 31, 2026.

(3) Refer to page 9 for a reconciliation of net income to NOI and Same-Property NOI for the three months ended March 31, 2026.

(4) Net debt as of March 31, 2026 is calculated as total consolidated debt of $1.7 billion less total cash and cash equivalents, including restricted cash, of $76 million.

(5) Refer to page 20 for the calculation of market capitalization as of March 31, 2026.

(6) Availability under our unsecured credit facilities is net of letters of credit issued under the unsecured line of credit. The Company obtained seven letters of credit aggregating $27.9 million which have reduced the available balance commensurate with their face values but remain undrawn and no separate liability has been recorded.

2026 Earnings Guidance

The Company has updated its 2026 full-year guidance ranges for net income and FFO and raised the low end of its guidance range by $0.01 per diluted share for FFO as Adjusted, estimating net income of $0.56 to $0.60 per diluted share, FFO of $1.54 to $1.58 per diluted share and FFO as Adjusted of $1.48 to $1.52 per diluted share. Below is a summary of the Company's 2026 outlook, assumptions used in its forecasting, and a reconciliation of the range of estimated earnings, FFO, and FFO as Adjusted per diluted share.

Previous Guidance Revised Guidance

Net income per diluted share

$0.49 - $0.54

$0.56 - $0.60

Net income attributable to common shareholders per diluted share

$0.47 - $0.52

$0.54 - $0.58

FFO per diluted share

$1.47 - $1.52

$1.54 - $1.58

FFO as Adjusted per diluted share

$1.47 - $1.52

$1.48 - $1.52

The Company's revised 2026 full-year outlook is based on the following assumptions:

•Same-property NOI growth, including properties in redevelopment, of 3.00% to 3.75%, reflecting an increase on the low end from our previous assumption of 2.75% to 3.75%.

•Recurring G&A expenses ranging from $34.5 million to $36.5 million, unchanged from our previous assumption.

•Interest and debt expense ranging from $78.0 million to $79.0 million, reflecting a decrease from our previous assumption of $78.9 million to $80.9 million.

•Acquisitions of $54 million, reflecting activity completed year-to-date, and dispositions of $60 million to $65 million.

Guidance 2026E

Per Diluted Share(1)

(in thousands, except per share amounts) Low High Low High

Net income $ 73,600 $ 78,900 $ 0.56 $ 0.60

Less net (income) loss attributable to noncontrolling interests in:

Operating partnership (3,800) (4,000) (0.03) (0.03)

Consolidated subsidiaries 900 900 0.01 0.01

Net income attributable to common shareholders 70,700 75,800 0.54 0.58

Adjustments:

Rental property depreciation and amortization 127,200 127,200 0.97 0.97

Limited partnership interests in operating partnership 3,800 4,000 0.03 0.03

FFO Applicable to diluted common shareholders 201,700 207,000 1.54 1.58

Adjustments to FFO:

Transaction, severance, litigation expenses and other, net (7,900) (7,900) (0.06) (0.06)

Loss on extinguishment of debt 200 200 — —

FFO as Adjusted applicable to diluted common shareholders $ 194,000 $ 199,300 $ 1.48 $ 1.52

(1) Amounts may not foot due to rounding.

The following table is a reconciliation bridging 2025 FFO per diluted share to the Company's estimated 2026 FFO per diluted share:

Per Diluted Share(1)

Low High

2025 FFO applicable to diluted common shareholders $ 1.43 $ 1.43

2025 Items impacting FFO comparability(2)

0.01 0.01

2026 Items impacting FFO comparability(2)

0.06 0.06

Same-property NOI growth, including redevelopment 0.06 0.08

Acquisitions net of dispositions NOI growth 0.01 0.01

Recurring general and administrative (0.01) —

Straight-line rent and non-cash items (0.01) —

2026 FFO applicable to diluted common shareholders $ 1.54 $ 1.58

(1) Amounts may not foot due to rounding.

(2) Includes adjustments to FFO for fiscal year 2025 and expected adjustments for fiscal year 2026 which impact comparability. See "Reconciliation of net income to FFO and FFO as Adjusted" on page 8 for actual adjustments year-to-date and our fourth quarter 2025 Supplemental Disclosure Package for 2025 adjustments.

The Company is providing a projection of anticipated net income solely to satisfy the disclosure requirements of the Securities and Exchange Commission ("SEC"). The Company's projections are based on management’s current beliefs and assumptions about the Company's business, and the industry and the markets in which it operates; there are known and unknown risks and uncertainties associated with these projections. There can be no assurance that actual results will not differ from the guidance set forth above. The Company assumes no obligation to update publicly any forward-looking statements, including its 2026 earnings guidance, whether as a result of new information, future events or otherwise. Please refer to the “Forward-Looking Statements” disclosures on page 11 of this document and “Risk Factors” disclosed in the Company's annual and quarterly reports filed with the SEC for more information.

Non-GAAP Financial Measures

other adjustments as detailed in the Reconciliation of Net Income to NOI and same-property NOI included in the tables accompanying this press release.

Operating Metrics

Executed new leases, renewals and exercised options are presented on a same-space basis. Same-space leases represent those leases signed on spaces for which there was a previous lease.

Reconciliation of Net Income to FFO and FFO as Adjusted

Three Months Ended March 31,

(in thousands, except per share amounts) 2026 2025

Net income $ 23,547 $ 8,382

Less net (income) loss attributable to noncontrolling interests in:

Consolidated subsidiaries 275 248

Operating partnership (1,177) (432)

Net income attributable to common shareholders 22,645 8,198

Adjustments:

Rental property depreciation and amortization 31,835 36,828

Limited partnership interests in operating partnership 1,177 432

FFO Applicable to diluted common shareholders 55,657 45,458

FFO per diluted common share(1)

0.42 0.35

Adjustments to FFO:

Transaction, severance, litigation expenses and other, net(2)

(8,300) 1,024

Non-cash adjustments(3)

— (63)

Loss (gain) on extinguishment of debt 212 (498)

FFO as Adjusted applicable to diluted common shareholders $ 47,569 $ 45,921

FFO as Adjusted per diluted common share(1)

$ 0.36 $ 0.35

Weighted Average diluted common shares(1)

131,105 130,328

(3) Includes the acceleration and write-off of lease intangibles related to tenant bankruptcies.

Reconciliation of Net Income to NOI and Same-Property NOI

Three Months Ended March 31,

(in thousands) 2026 2025

Net income $ 23,547 $ 8,382

Depreciation and amortization 32,312 37,195

Interest and debt expense 18,719 19,755

General and administrative expense 9,136 9,531

Loss (gain) on extinguishment of debt 212 (498)

Other (income) expense (8,066) 467

Income tax expense 378 619

Interest income (393) (607)

Non-cash revenue and expenses (2,819) (3,272)

NOI 73,026 71,572

Adjustments:

Sunrise Mall net operating loss 479 295

Tenant bankruptcy settlement income and lease termination income — (61)

Non-same property NOI and other(1)

(8,246) (8,091)

Same-property NOI $ 65,259 $ 63,715

NOI related to properties being redeveloped 6,583 6,149

Same-property NOI including properties in redevelopment $ 71,842 $ 69,864

Reconciliation of Net Income to EBITDAre and Adjusted EBITDAre

Three Months Ended March 31,

(in thousands) 2026 2025

Net income $ 23,547 $ 8,382

Depreciation and amortization 32,312 37,195

Interest and debt expense 18,719 19,755

Income tax expense 378 619

EBITDAre 74,956 65,951

Adjustments for Adjusted EBITDAre:

Transaction, severance, litigation expenses and other, net(1)

(8,300) 1,024

Loss (gain) on extinguishment of debt 212 (498)

Non-cash adjustments(2)

— (63)

Adjusted EBITDAre $ 66,868 $ 66,414

(2) Includes the acceleration and write-off of lease intangibles related to tenant bankruptcies.

ADDITIONAL INFORMATION

ABOUT URBAN EDGE

FORWARD-LOOKING STATEMENTS

URBAN EDGE PROPERTIES

ADDITIONAL INFORMATION

As of March 31, 2026

Basis of Presentation

The information contained in the Supplemental Disclosure Package does not purport to disclose all items required by GAAP and is unaudited. This Supplemental Disclosure Package should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. The results of operations of any property acquired are included in the Company's financial statements since the date of acquisition, although such properties may be excluded from certain metrics disclosed in this Supplemental Disclosure Package.

Non-GAAP Financial Measures and Forward-Looking Statements

For additional information regarding non-GAAP financial measures and forward-looking statements, please see pages 6 and 11 of this Supplemental Disclosure Package.

URBAN EDGE PROPERTIES

SUMMARY FINANCIAL RESULTS AND RATIOS

For the three months ended March 31, 2026 (unaudited)

(in thousands, except per share, sf, rent psf and financial ratio data)

Three Months Ended

Summary Financial Results March 31, 2026

Total revenue $ 132,624

General & administrative expenses (G&A) $ 9,136

Recurring G&A(1)

$ 9,046

Net income attributable to common shareholders $ 22,645

Earnings per diluted share $ 0.18

Adjusted EBITDAre(2)

$ 66,868

Funds from operations (FFO) $ 55,657

FFO per diluted common share $ 0.42

FFO as Adjusted $ 47,569

FFO as Adjusted per diluted common share $ 0.36

Total dividends paid per share $ 0.21

Stock closing price low-high range (NYSE) $18.60 to $21.29

Weighted average diluted shares used in EPS computations 131,105

Weighted average diluted common shares used in FFO computations 131,105

Summary Property, Operating and Financial Data

# of Total properties / # of Retail properties 74 / 73

Gross leasable area (GLA) sf - retail portfolio(3)(4)

15,996,000

Weighted average annual rent psf - retail portfolio(3)(4)

$ 21.79

Consolidated portfolio leased occupancy at end of period(5)

96.4 %

Consolidated retail portfolio leased occupancy at end of period(4)

96.4 %

Same-property portfolio leased occupancy at end of period(6)

96.4 %

Same-property physical occupancy at end of period(6)(7)

94.8 %

Same-property NOI growth(6)

2.4 %

Same-property NOI growth, including redevelopment properties(6)

2.8 %

NOI margin(8)

60.8 %

Same-property expense recovery ratio(9)

89.1 %

Same-property, including redevelopment, expense recovery ratio(9)

88.7 %

New, renewal and option rent spread - cash basis(10)

14.6 %

New, renewal and option rent spread - GAAP basis(10)

19.8 %

Net debt to total market capitalization(11)

37.3 %

Net debt to Adjusted EBITDAre(11)

6.1 x

Adjusted EBITDAre to interest expense(2)

3.8 x

Adjusted EBITDAre to fixed charges(2)

3.1 x

(1) Recurring G&A excludes $0.1 million of transaction costs and severance expenses for the three months ended March 31, 2026.

(2) See computation on page 18.

(3) GLA - retail portfolio excludes 1.2 million square feet for Sunrise Mall and 58,000 square feet of self-storage.

(4) Our retail portfolio includes shopping centers and malls (excluding Sunrise Mall) and excludes self-storage.

(5) Excludes the impact of Sunrise Mall. Including Sunrise Mall, consolidated portfolio leased occupancy was 89.9%.

(6) See "Non-GAAP Financial Measures" on page 6 for the definition of same-property and same-property including redevelopment.

(7) Physical occupancy includes tenants that have access to their leased space and includes dark and paying tenants.

(8) Excludes the impact of Sunrise Mall. Including Sunrise Mall, NOI margin for the three months ended March 31, 2026 was 60.2%.

(9) Excluding the impact of outlet centers and malls, same-property recovery ratio for the three months ended March 31, 2026 was 94.4% (94.5% including properties in redevelopment).

(10) See computation on page 23.

(11) See computation for the quarter ended March 31, 2026 on page 20.

URBAN EDGE PROPERTIES

CONSOLIDATED BALANCE SHEETS

As of March 31, 2026 (unaudited) and December 31, 2025

(in thousands, except share and per share amounts)

March 31, December 31,

2026 2025

ASSETS

Real estate, at cost:

Land $ 676,038 $ 669,078

Buildings and improvements 2,878,759 2,835,540

Construction in progress 358,886 327,413

Furniture, fixtures and equipment 13,485 13,059

Total 3,927,168 3,845,090

Accumulated depreciation and amortization (956,464) (935,548)

Real estate, net 2,970,704 2,909,542

Operating lease right-of-use assets 57,225 58,917

Cash and cash equivalents 49,996 48,881

Restricted cash 25,870 29,984

Tenant and other receivables 33,881 26,658

Receivables arising from the straight-lining of rents 64,205 63,842

Identified intangible assets, net of accumulated amortization of $69,080 and $70,514, respectively

91,057 87,591

Deferred leasing costs, net of accumulated amortization of $22,671 and $21,982, respectively

31,193 31,220

Prepaid expenses and other assets 64,830 55,236

Total assets $ 3,388,961 $ 3,311,871

LIABILITIES AND EQUITY

Liabilities:

Mortgages payable, net $ 1,665,218 $ 1,606,774

Unsecured line of credit 30,000 —

Operating lease liabilities 54,710 56,329

Accounts payable, accrued expenses and other liabilities 83,799 97,397

Identified intangible liabilities, net of accumulated amortization of $62,274 and $59,668, respectively

173,780 174,899

Total liabilities 2,007,507 1,935,399

Commitments and contingencies

Shareholders’ equity:

Common shares: $0.01 par value; 500,000,000 shares authorized and 125,972,127 and 125,912,647 shares issued and outstanding, respectively

1,258 1,257

Additional paid-in capital 1,165,097 1,163,939

Accumulated other comprehensive income (loss) 299 (703)

Accumulated earnings 120,752 124,566

Noncontrolling interests:

Operating partnership 74,534 69,140

Consolidated subsidiaries 19,514 18,273

Total equity 1,381,454 1,376,472

Total liabilities and equity $ 3,388,961 $ 3,311,871

URBAN EDGE PROPERTIES

CONSOLIDATED STATEMENTS OF INCOME

For the three months ended March 31, 2026 and 2025 (unaudited)

(in thousands, except per share amounts)

Three Months Ended March 31,

2026 2025

REVENUE

Rental revenue $ 124,185 $ 118,092

Other income 8,439 73

Total revenue 132,624 118,165

EXPENSES

Depreciation and amortization 32,312 37,195

Real estate taxes 16,602 16,358

Property operating 28,938 24,059

General and administrative 9,136 9,531

Lease expense 3,173 3,371

Total expenses 90,161 90,514

Interest income 393 607

Interest and debt expense (18,719) (19,755)

(Loss) gain on extinguishment of debt (212) 498

Income before income taxes 23,925 9,001

Income tax expense (378) (619)

Net income 23,547 8,382

Less net (income) loss attributable to noncontrolling interests in:

Operating partnership (1,177) (432)

Consolidated subsidiaries 275 248

Net income attributable to common shareholders $ 22,645 $ 8,198

Earnings per common share - Basic: $ 0.18 $ 0.07

Earnings per common share - Diluted: $ 0.18 $ 0.07

Weighted average shares outstanding - Basic 125,879 125,513

Weighted average shares outstanding - Diluted 131,105 125,603

URBAN EDGE PROPERTIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the three months ended March 31, 2026 and 2025 (unaudited)

(in thousands, except per share amounts)

Three Months Ended March 31,

2026 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Net income $ 23,547 $ 8,382

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization 32,399 37,339

Loss (gain) on extinguishment of debt 212 (498)

Amortization of deferred financing costs and premiums/discounts on debt obligations 1,516 1,320

Amortization of above and below market leases, net (2,636) (2,682)

Amortization of lease incentives 106 97

Noncash lease expense 1,691 1,694

Straight-lining of rent (362) (778)

Share-based compensation expense 3,656 2,707

Rental revenue deemed uncollectible 2,773 1,325

Change in operating assets and liabilities:

Tenant and other receivables (9,996) (7,587)

Deferred leasing costs (1,803) (2,115)

Prepaid expenses and other assets (2,033) (3,169)

Lease liabilities (1,619) (1,607)

Accounts payable, accrued expenses and other liabilities (8,326) (1,846)

Net cash provided by operating activities 39,125 32,582

CASH FLOWS FROM INVESTING ACTIVITIES

Real estate development and capital improvements (40,542) (20,730)

Acquisitions of real estate (54,296) —

Net cash used in investing activities (94,838) (20,730)

CASH FLOWS FROM FINANCING ACTIVITIES

Debt repayments (4,095) (3,407)

Dividends to common shareholders (26,433) (23,874)

Distributions to redeemable noncontrolling interests (2,180) (1,662)

Taxes withheld for vested restricted shares (281) (273)

Contributions from noncontrolling interests 1,516 —

Borrowings from unsecured line of credit 30,000 25,000

Proceeds from mortgage loan borrowings 62,500 —

Debt issuance costs (8,186) (2)

Costs related to the issuance of common shares (127) (182)

Net cash used in financing activities 52,714 (4,400)

Net increase (decrease) in cash and cash equivalents and restricted cash (2,999) 7,452

Cash and cash equivalents and restricted cash at beginning of period 78,865 90,640

Cash and cash equivalents and restricted cash at end of period $ 75,866 $ 98,092

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Cash payments for interest, net of amounts capitalized of $3,710 and $2,802, respectively

$ 17,050 $ 18,248

Cash payments for income taxes 9 9

URBAN EDGE PROPERTIES

SUPPLEMENTAL SCHEDULE OF NET OPERATING INCOME

For the three months ended March 31, 2026 and 2025

(in thousands)

Three Months Ended March 31, Percent Change

2026 2025

Composition of NOI(1)

Property rentals $ 83,078 $ 80,889

Tenant expense reimbursements 40,444 34,651

Rental revenue deemed uncollectible (2,201) (764)

Total property revenue 121,321 114,776 5.7%

Real estate taxes (16,602) (16,357)

Property operating (29,782) (24,947)

Lease expense (1,911) (1,900)

Total property operating expenses (48,295) (43,204) 11.8%

NOI(1)

$ 73,026 $ 71,572 2.0%

NOI margin (NOI / Total property revenue)(2)

60.2 % 62.4 %

Same-property NOI(1)(3)

Property rentals $ 73,609 $ 71,238

Tenant expense reimbursements 36,627 31,310

Rental revenue deemed uncollectible (1,854) (648)

Total property revenue 108,382 101,900

Real estate taxes (15,437) (14,966)

Property operating (25,652) (21,232)

Lease expense (2,034) (1,987)

Total property operating expenses (43,123) (38,185)

Same-property NOI(1)(3)

$ 65,259 $ 63,715 2.4%

NOI related to properties being redeveloped(1)(3)

6,583 6,149

Same-property NOI including properties in redevelopment(1)(3)

$ 71,842 $ 69,864 2.8%

Same-property physical occupancy 94.8 % 94.2 %

Same-property leased occupancy 96.4 % 96.7 %

Number of properties included in same-property analysis 66

(1) NOI excludes non-cash revenue and expenses and includes lease termination income which is adjusted out for the purposes of calculating same-property NOI. Refer to page 9 for a reconciliation of net income to NOI and same-property NOI.

(2) Includes the impact of Sunrise Mall. Excluding Sunrise Mall, NOI margin for the three months ended March 31, 2026 was 60.8%.

(3) Excludes NOI related to properties acquired, disposed, or that are in the foreclosure process in the comparative periods, Sunrise Mall, and results of the Company's captive insurance program.

URBAN EDGE PROPERTIES

EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION and AMORTIZATION for REAL ESTATE (EBITDAre)

For the three months ended March 31, 2026 and 2025

(in thousands)

Three Months Ended March 31,

2026 2025

Net income $ 23,547 $ 8,382

Depreciation and amortization 32,312 37,195

Interest expense 17,396 18,628

Amortization of deferred financing costs 1,323 1,127

Income tax expense 378 619

EBITDAre 74,956 65,951

Adjustments for Adjusted EBITDAre:

Transaction, severance, litigation expenses and other, net(1)

(8,300) 1,024

Loss (gain) on extinguishment of debt 212 (498)

Non-cash adjustments(2)

— (63)

Adjusted EBITDAre $ 66,868 $ 66,414

Interest expense $ 17,396 $ 18,628

Adjusted EBITDAre to interest expense 3.8 x 3.6 x

Fixed charges

Interest expense $ 17,396 $ 18,628

Scheduled principal amortization 4,098 3,411

Total fixed charges $ 21,494 $ 22,039

Adjusted EBITDAre to fixed charges 3.1 x 3.0 x

(2) Includes the acceleration and write-off of lease intangibles related to tenant bankruptcies.

URBAN EDGE PROPERTIES

FUNDS FROM OPERATIONS

For the three months ended March 31, 2026

(in thousands, except per share amounts)

Three Months Ended March 31, 2026

(in thousands)

(per share)(1)

Net income $ 23,547 $ 0.18

Less net (income) loss attributable to noncontrolling interests in:

Consolidated subsidiaries 275 —

Operating partnership (1,177) (0.01)

Net income attributable to common shareholders 22,645 0.17

Adjustments:

Rental property depreciation and amortization 31,835 0.24

Limited partnership interests in operating partnership(2)

1,177 0.01

FFO applicable to diluted common shareholders 55,657 0.42

Adjustments to FFO:

Transaction, severance, litigation expenses and other, net(3)

(8,300) (0.06)

Loss on extinguishment of debt 212 —

FFO as Adjusted applicable to diluted common shareholders $ 47,569 $ 0.36

Weighted average diluted shares used to calculate EPS 131,105

Assumed conversion of OP and LTIP Units to common shares —

Weighted average diluted common shares - FFO 131,105

(1) Individual items may not foot due to total rounding.

(2) Represents earnings allocated to LTIP and OP unitholders for unissued common shares. LTIP and OP units are excluded for purposes of calculating earnings per diluted share when their effect is anti-dilutive.

(3) Includes $8.4 million of non-recurring reimbursements related to environmental remediation costs, and $0.1 million of transaction costs and severance expenses for the three months ended March 31, 2026.

URBAN EDGE PROPERTIES

MARKET CAPITALIZATION, DEBT RATIOS AND LIQUIDITY

As of March 31, 2026

(in thousands, except share amounts and market price)

March 31, 2026

Closing market price of common shares $ 19.98

Basic common shares 125,972,127

OP and LTIP units 7,293,125

Diluted common shares 133,265,252

Equity market capitalization $ 2,662,640

Total consolidated debt(1)

$ 1,707,984

Cash and cash equivalents including restricted cash (75,866)

Net debt $ 1,632,118

Net Debt to annualized Adjusted EBITDAre(2)

6.1 x

Total consolidated debt(1)

$ 1,707,984

Equity market capitalization 2,662,640

Total market capitalization $ 4,370,624

Net debt to total market capitalization at applicable market price 37.3 %

Cash and cash equivalents including restricted cash $ 75,866

Available under unsecured credit facilities(3)

892,087

Total liquidity $ 967,953

(1) Total consolidated debt excludes unamortized debt issuance costs of $12.8 million.

(2) Net debt to Adjusted EBITDAre is calculated based on first quarter 2026 annualized Adjusted EBITDAre.

(3) Includes the Company's unsecured line of credit and delayed-draw term loans. Availability is net of letters of credit issued under the unsecured line of credit. The Company obtained seven letters of credit aggregating $27.9 million which were provided to mortgage lenders and other entities to secure its obligations for certain capital requirements. As of March 31, 2026, the Company had $30 million of outstanding borrowings under the unsecured line of credit and no amounts drawn on either of the 5-year or 7-year delayed-draw term loans.

URBAN EDGE PROPERTIES

ADDITIONAL DISCLOSURES

(in thousands)

Three Months Ended March 31,

Rental Revenue: 2026 2025

Property rentals $ 85,970 $ 84,252

Tenant expense reimbursements 40,416 34,604

Rental revenue deemed uncollectible (2,201) (764)

Total rental revenue $ 124,185 $ 118,092

Three Months Ended March 31,

Composition of Property Rentals: 2026 2025

Minimum rent $ 82,255 $ 79,925

Non-cash revenues(1)

2,892 3,363

Percentage rent 823 903

Lease termination income(1)

— 61

Total property rentals $ 85,970 $ 84,252

Three Months Ended March 31,

Certain Non-Cash Items: 2026 2025

Straight-line rents(2)

$ 362 $ 778

Amortization of below-market lease intangibles, net(2)

2,530 2,585

Lease expense GAAP adjustments(3)

(73) (91)

Amortization of deferred financing costs(4)

(1,323) (1,127)

Capitalized interest(4)

3,710 2,802

Share-based compensation expense(5)

(3,656) (2,707)

Three Months Ended March 31,

Capital Expenditures:(6)

2026 2025

Redevelopment and repositioning $ 16,056 $ 9,718

New development and outparcels 17,304 3,350

Maintenance capital expenditures 1,249 3,792

Leasing commissions 1,578 1,093

Tenant improvements and leasing landlord work 5,933 3,870

Total capital expenditures $ 42,120 $ 21,823

(1) Amounts are excluded from the calculation of NOI and same-property NOI with the exception of lease termination income which is included in portfolio NOI and excluded from the calculation of same-property NOI. See page 9 for a reconciliation of net income to NOI and same-property NOI.

(2) Amounts included in the financial statement line item "Rental revenue" on the consolidated statements of income.

(3) Amounts consist of amortization of below-market ground lease intangibles and straight-line lease expense, and are included in the financial statement line item "Lease expense" on the consolidated statements of income.

(4) Amounts included in the financial statement line item "Interest and debt expense" on the consolidated statements of income.

(5) Amounts included in the financial statement line item "General and administrative" on the consolidated statements of income.

(6) Amounts presented on a cash basis.

URBAN EDGE PROPERTIES

TENANT CONCENTRATION - TOP TWENTY-FIVE TENANTS

As of March 31, 2026

Tenant Number of stores Square feet % of total square feet Annualized base rent ("ABR") % of total ABR Weighted average ABR per square foot

Average remaining term of ABR(1)

The TJX Companies(2)

28 873,159 5.1% $ 18,893,725 5.6% $ 21.64 3.9

Kohl's 9 855,561 5.0% 9,980,148 3.0% 11.67 4.8

Best Buy 9 412,305 2.4% 9,869,625 2.9% 23.94 4.8

Burlington 11 531,914 3.1% 9,826,995 2.9% 18.47 4.5

Lowe's Companies 6 976,415 5.7% 9,271,256 2.7% 9.50 4.4

The Home Depot 5 538,742 3.1% 9,189,305 2.7% 17.06 11.8

Walmart 5 780,788 4.5% 9,098,422 2.7% 11.65 6.6

ShopRite 5 361,053 2.1% 6,826,508 2.0% 18.91 9.2

PetSmart 11 237,034 1.4% 6,636,961 2.0% 28.00 3.9

Dick's Sporting Goods(3)

10 299,811 1.7% 6,580,983 2.0% 21.95 5.6

BJ's Wholesale Club 4 454,297 2.6% 6,340,989 1.9% 13.96 4.1

Amazon(4)

4 183,923 1.1% 6,059,412 1.8% 32.95 5.7

The Gap(5)

14 208,937 1.2% 5,659,450 1.7% 27.09 4.5

Target Corporation 4 476,146 2.8% 5,565,190 1.7% 11.69 6.6

LA Fitness 6 271,496 1.6% 5,375,443 1.6% 19.80 4.7

Bob's Discount Furniture 6 226,221 1.3% 4,716,422 1.4% 20.85 6.6

Nordstrom 4 132,460 0.8% 4,327,307 1.3% 32.67 6.2

Ahold Delhaize (Stop & Shop)

3 212,216 1.2% 3,952,820 1.2% 18.63 4.7

AMC 1 85,000 0.5% 3,267,502 1.0% 38.44 3.8

Ulta 8 83,679 0.5% 3,070,549 0.9% 36.69 3.0

Five Below 10 93,578 0.5% 2,739,255 0.8% 29.27 4.0

Petco 7 93,951 0.5% 2,728,975 0.8% 29.05 2.7

24 Hour Fitness 1 53,750 0.3% 2,700,000 0.8% 50.23 5.8

DSW 6 117,766 0.7% 2,630,519 0.8% 22.34 3.9

Anthropologie 1 31,450 0.2% 2,531,725 0.8% 80.50 2.5

Total/Weighted Average 178 8,591,652 49.9% $ 157,839,486 47.0% $ 18.37 5.4

(1) In years excluding tenant renewal options. The weighted average is based on ABR.

(2) Includes Marshalls (16), T.J. Maxx (5), HomeGoods (3), HomeSense (3), and Sierra Trading Post (1).

(3) Includes Dick's Sporting Goods (4), Golf Galaxy (2), Foot Locker (2) Public Lands (1), and Champs (1).

(4) Includes Whole Foods (2) and Amazon Fresh (2).

(5) Includes Old Navy (10), Gap (3), and Banana Republic (1).

Note: Amounts shown in the table above include all retail properties, including those in redevelopment. Amounts are presented on a cash basis other than tenants in free rent periods which are shown at their initial cash rent. The table excludes executed leases that have not yet rent commenced.

URBAN EDGE PROPERTIES

LEASING ACTIVITY

For the three months ended March 31, 2026

Three Months Ended March 31, 2026 Year Ended

December 31, 2025

GAAP(2)

Cash(1)

GAAP(2)

Cash(1)

New Leases

Number of new leases executed 13 13 58 58

Total square feet 84,180 84,180 360,691 360,691

Number of same space leases 9 9 40 40

Same space square feet 58,819 58,819 205,748 205,748

Prior rent per square foot $ 15.93 $ 17.30 $ 23.39 $ 24.69

New rent per square foot $ 29.90 $ 26.23 $ 35.88 $ 32.59

Same space weighted average lease term (years) 9.8 9.8 9.7 9.7

Same space TIs per square foot N/A $ 41.35 N/A $ 38.99

Rent spread 87.7 % 51.6 % 53.4 % 32.0 %

Renewals & Options

Number of leases executed 32 32 104 104

Total square feet 334,778 334,778 1,139,359 1,139,359

Number of same space leases 32 32 104 104

Same space square feet 334,778 334,778 1,139,359 1,139,359

Prior rent per square foot $ 23.32 $ 23.32 $ 21.91 $ 21.91

New rent per square foot $ 26.05 $ 25.61 $ 24.64 $ 24.27

Same space weighted average lease term (years) 4.8 4.8 5.4 5.4

Same space TIs per square foot N/A $ — N/A $ 0.26

Rent spread 11.7 % 9.8 % 12.5 % 10.8 %

Total New Leases and Renewals & Options

Number of leases executed 45 45 162 162

Total square feet 418,958 418,958 1,500,050 1,500,050

Number of same space leases 41 41 144 144

Same space square feet 393,597 393,597 1,345,107 1,345,107

Prior rent per square foot $ 22.22 $ 22.42 $ 22.13 $ 22.34

New rent per square foot $ 26.62 $ 25.71 $ 26.36 $ 25.55

Same space weighted average lease term (years) 5.5 5.5 6.0 6.0

Same space TIs per square foot N/A $ 6.18 N/A $ 6.19

Rent spread 19.8 % 14.6 % 19.1 % 14.4 %

(1) Rents are not calculated on a straight-line (GAAP) basis. Previous/expiring rent is the rent at expiry. New rent is the rent paid at commencement.

(2) Rents are calculated on a straight-line (GAAP) basis.

URBAN EDGE PROPERTIES

LEASES EXECUTED BUT NOT YET RENT COMMENCED

As of March 31, 2026

The Company has signed leases that have not yet rent commenced that are expected to generate an incremental $21.7 million of future annual gross rent, representing approximately 7% of annualized first quarter NOI as of March 31, 2026. Approximately $16.2 million of this amount pertains to leases included in Active Development, Redevelopment and Anchor Repositioning Projects on page 31. National and regional tenants represent approximately 90% of the leased but not yet rent commenced pipeline. The below table illustrates the incremental gross rent expected to be recognized in the remainder of 2026 and the following three years, in the respective periods, from commencement of these leases.

Gross rents illustrated in the table above and their impact on same-property metrics in the respective years, based on the current full-year 2026 same-property pool, are as follows:

(in thousands)

2026(1)

2027 2028 2029

Same-property $ 3,200 $ 11,000 $ 12,500 $ 12,500

(1) Remainder of 2026.

The below table summarizes the changes in annualized gross rent from leases executed but not yet rent commenced since December 31, 2025:

(in thousands) Annualized Gross Rent

Leases executed but not yet rent commenced as of December 31, 2025 $ 22,300

Less: Leases commenced during the first quarter

(3,500)

Plus: Leases executed during the first quarter

2,900

Leases executed but not yet rent commenced as of March 31, 2026

$ 21,700

URBAN EDGE PROPERTIES

RETAIL PORTFOLIO LEASE EXPIRATION SCHEDULE

As of March 31, 2026

ANCHOR TENANTS (SF>=10,000) SHOP TENANTS (SF<10,000) TOTAL TENANTS

Year(1)

# of leases Square Feet % of Total SF

Weighted Avg ABR PSF(2)

# of leases Square Feet % of Total SF

Weighted Avg ABR PSF(2)

# of leases Square Feet % of Total SF

Weighted Avg ABR PSF(2)

M-T-M 1 23,000 0.2% $ 5.25 22 60,000 2.1% $ 31.73 23 83,000 0.5% $ 24.39

2026 3 63,000 0.5% 18.71 33 76,000 2.7% 50.85 36 139,000 0.9% 36.29

2027 24 948,000 7.2% 12.08 118 374,000 13.1% 37.02 142 1,322,000 8.3% 19.14

2028 28 943,000 7.2% 20.96 98 308,000 10.8% 43.50 126 1,251,000 7.8% 26.51

2029 59 2,404,000 18.3% 21.84 108 359,000 12.6% 44.22 167 2,763,000 17.3% 24.74

2030 44 2,304,000 17.5% 13.20 70 248,000 8.7% 45.52 114 2,552,000 16.0% 16.34

2031 32 1,586,000 12.1% 17.74 75 264,000 9.3% 38.45 107 1,850,000 11.6% 20.69

2032 18 578,000 4.4% 17.53 55 179,000 6.3% 35.24 73 757,000 4.7% 21.72

2033 22 722,000 5.5% 18.85 40 137,000 4.8% 40.77 62 859,000 5.4% 22.35

2034 22 841,000 6.4% 20.36 48 168,000 5.9% 39.41 70 1,009,000 6.3% 23.53

2035 20 758,000 5.8% 20.13 51 187,000 6.6% 38.78 71 945,000 5.9% 23.82

2036 11 351,000 2.7% 14.89 34 133,000 4.7% 37.96 45 484,000 3.0% 21.23

Thereafter 24 1,269,000 9.5% 19.39 32 136,000 4.8% 38.44 56 1,405,000 8.7% 21.23

Subtotal/Average 308 12,790,000 97.3% $ 17.95 784 2,629,000 92.4% $ 40.47 1,092 15,419,000 96.4% $ 21.79

Vacant 11 361,000 2.7% N/A 99 216,000 7.6% N/A 110 577,000 3.6% N/A

Total/Average 319 13,151,000 100.0% N/A 883 2,845,000 100.0% N/A 1,202 15,996,000 100.0 % N/A

(1) Year of expiration excludes tenant renewal options.

(2) Weighted average annual base rent per square foot is calculated by annualizing tenants' base cash rent, including ground rent, and excludes tenant reimbursements and concessions and storage rent.

Note: Amounts shown in the table above include both current leases and signed leases that have not commenced on vacant spaces for all retail properties (excludes Sunrise Mall and includes properties in redevelopment) and excludes 58,000 sf of self-storage space.

URBAN EDGE PROPERTIES

RETAIL PORTFOLIO LEASE EXPIRATION SCHEDULE ASSUMING EXERCISE OF ALL OPTIONS

As of March 31, 2026

ANCHOR TENANTS (SF>=10,000) SHOP TENANTS (SF<10,000) TOTAL TENANTS

Year(1)

# of leases Square Feet % of Total SF

Weighted Avg ABR PSF(2)

# of leases Square Feet % of Total SF

Weighted Avg ABR PSF(2)

# of leases Square Feet % of Total SF

Weighted Avg ABR PSF(2)

M-T-M 1 23,000 0.2% $ 5.25 22 60,000 2.1% $ 31.73 23 83,000 0.5% $ 24.39

2026 3 63,000 0.5% 18.71 28 63,000 2.2% 55.26 31 126,000 0.8% 36.98

2027 4 46,000 0.3% 23.92 71 172,000 6.0% 41.00 75 218,000 1.4% 37.39

2028 5 229,000 1.7% 19.34 56 154,000 5.4% 44.94 61 383,000 2.4% 29.63

2029 14 364,000 2.8% 23.07 58 169,000 5.9% 46.69 72 533,000 3.3% 30.56

2030 12 381,000 2.9% 18.60 41 134,000 4.7% 43.82 53 515,000 3.2% 25.16

2031 8 263,000 2.0% 20.66 40 104,000 3.7% 45.08 48 367,000 2.3% 27.58

2032 7 250,000 1.9% 22.48 42 133,000 4.7% 39.27 49 383,000 2.4% 28.31

2033 14 317,000 2.4% 31.23 25 67,000 2.4% 57.84 39 384,000 2.4% 35.87

2034 20 622,000 4.7% 24.83 47 162,000 5.7% 43.42 67 784,000 4.9% 28.67

2035 12 196,000 1.5% 23.17 26 95,000 3.3% 47.63 38 291,000 1.8% 31.16

2036 7 127,000 1.0% 22.50 32 138,000 4.9% 40.51 39 265,000 1.7% 31.88

Thereafter 201 9,909,000 75.4% 23.78 296 1,178,000 41.4% 52.08 497 11,087,000 69.3% 26.78

Subtotal/Average 308 12,790,000 97.3% $ 23.59 784 2,629,000 92.4% $ 47.71 1,092 15,419,000 96.4% $ 27.70

Vacant 11 361,000 2.7% N/A 99 216,000 7.6% N/A 110 577,000 3.6% N/A

Total/Average 319 13,151,000 100.0% N/A 883 2,845,000 100.0% N/A 1,202 15,996,000 100.0% N/A

(1) Year of expiration includes tenant renewal options.

(2) Weighted average annual base rent per square foot is calculated by annualizing tenants' base cash rent, including ground rent, and excludes tenant reimbursements and concessions and storage rent and is adjusted for assumed exercised options using option rents specified in the underlying leases. Weighted average annual base rent for leases whose future option rent is based on fair market value or CPI is reported at the last stated option rent in the respective lease.

Note: Amounts shown in table above include both current leases and signed leases that have not commenced on vacant spaces for all retail properties (excludes Sunrise Mall and includes properties in redevelopment) and excludes 58,000 sf of self-storage space.

URBAN EDGE PROPERTIES

PROPERTY STATUS REPORT

As of March 31, 2026

(dollars in thousands, except per sf amounts)

Property

Total Square Feet (1)

Percent Leased(1)

Weighted Average ABR PSF(2)

Mortgage Debt(6)

Major Tenants

RETAIL PORTFOLIO:

California:

Walnut Creek (Mt. Diablo)(4)

7,000 100.0% $71.67 — Sweetgreen

Walnut Creek (Olympic) 31,000 100.0% 80.50 — Anthropologie

Connecticut:

Newington Commons 189,000 90.0% 10.52 $15,450 Walmart, Bob's Discount Furniture

Maryland:

Goucher Commons 155,000 100.0% 26.67 — Sprouts, HomeGoods, Five Below, Ulta, Kirkland's, DSW, Golf Galaxy, La-Z-Boy

Rockville Town Center 98,000 100.0% 13.45 — Regal Entertainment Group

The Village at Waugh Chapel 382,000 96.7% 24.71 $55,963 Safeway, Marshalls, HomeGoods, T.J. Maxx, LA Fitness

Wheaton (leased through 2060)(3)

66,000 100.0% 20.07 — Best Buy

Woodmore Towne Centre 714,000 98.6% 18.35 $117,200 Costco, Wegmans, At Home, Best Buy, LA Fitness, Nordstrom Rack

Massachusetts:

Brighton Mills(5)

91,000 100.0% 26.85 — Star Market, Petco

Cambridge (leased through 2033)(3)

48,000 100.0% 30.53 — PetSmart, Central Rock Gym

Gateway Center 640,000 99.6% 9.66 — Costco, Target, Home Depot, Total Wine, Boot Barn

Shoppers World 756,000 100.0% 23.63 $123,600 T.J. Maxx, Marshalls, HomeSense, Sierra Trading Post, Public Lands, Golf Galaxy, Nordstrom Rack, Hobby Lobby, AMC, Kohl's, Best Buy

The Shops at Riverwood 79,000 100.0% 27.45 $20,476 Price Rite, Planet Fitness, Goodwill

Wonderland Marketplace 140,000 100.0% 14.46 — Planet Fitness, Marshalls, Burlington, Get Air

Missouri:

Manchester Plaza 131,000 100.0% 12.18 $12,500 Pan-Asia Market, Academy Sports, Bob's Discount Furniture

New Hampshire:

Salem (leased through 2102)(3)

39,000 100.0% 10.82 — Fun City

New Jersey:

Bergen Town Center - East(5)

209,000 100.0% 20.40 — Lowe's, Best Buy

Bergen Town Center - West 1,011,000 97.7% 34.56 $286,922 Target, Whole Foods Market, Burlington, Marshalls, Nordstrom Rack, Saks Off 5th, HomeGoods, H&M, Bloomingdale's Outlet, Nike Factory Store, Old Navy, Kohl's, World Market

Briarcliff Commons 180,000 100.0% 25.85 $30,000 Uncle Giuseppe's, Kohl's

Brick Commons 281,000 100.0% 22.76 $50,000 ShopRite, Kohl's, Marshalls, Old Navy

Brunswick Commons 427,000 100.0% 16.17 $63,000 Lowe's, Kohl's, Dick's Sporting Goods, P.C. Richard & Son, T.J. Maxx, LA Fitness

Carlstadt Commons (leased through 2050)(3)

78,000 98.3% 21.80 — Food Bazaar

Garfield Commons 298,000 100.0% 16.76 $37,941 Walmart, Burlington, Marshalls, PetSmart, Ulta

Greenbrook Commons 170,000 100.0% 20.35 $31,000 BJ's Wholesale Club, Aldi

Hackensack Commons 275,000 100.0% 26.60 $66,400 The Home Depot, 99 Ranch, Staples, Petco

Hanover Commons 343,000 92.1% 24.34 $58,620 The Home Depot, Dick's Sporting Goods, Marshalls

Heritage Square 87,000 100.0% 31.77 — HomeSense, Sierra Trading Post, Ulta

Hudson Commons 236,000 96.1% 14.88 — Lowe's, P.C. Richard & Son, Boot Barn

Hudson Mall 359,000 80.8% 21.11 — Marshalls, Retro Fitness, Staples, Old Navy, Burlington (lease not commenced), HomeGoods (lease not commenced)

URBAN EDGE PROPERTIES

PROPERTY STATUS REPORT

As of March 31, 2026

(dollars in thousands, except per sf amounts)

Property

Total Square Feet (1)

Percent Leased(1)

Weighted Average ABR PSF(2)

Mortgage Debt(6)

Major Tenants

Kearny Commons 123,000 100.0% 25.69 — LA Fitness, Marshalls, Ulta

Ledgewood Commons 447,000 80.0% 17.48 $50,000 Walmart, Ashley Furniture, Barnes & Noble, Burlington, DSW, Marshalls, Old Navy, Ulta

Lodi Commons 43,000 96.3% 20.42 — Dollar Tree

Manalapan Commons 200,000 99.0% 23.67 — Best Buy, Raymour & Flanigan, PetSmart, Avalon Flooring, Atlantic Health, Nordstrom Rack

Marlton Commons 224,000 100.0% 19.34 $35,108 ShopRite, Kohl's, PetSmart

Millburn Gateway Center 104,000 92.2% 32.22 $20,879 Trader Joe's, CVS, PetSmart

Montclair 18,000 100.0% 35.20 $7,164 Whole Foods Market

Paramus (leased through 2033)(3)

63,000 100.0% 49.97 — 24 Hour Fitness

Plaza at Cherry Hill 414,000 67.3% 16.38 — Aldi, Total Wine, Raymour & Flanigan, Guitar Center

Plaza at Woodbridge 295,000 98.2% 22.74 $62,500 Trader Joe's, Best Buy, Raymour & Flanigan, Lincoln Tech, UFC Gym, Ross Dress for Less

Rockaway River Commons 189,000 98.6% 15.69 $25,500 ShopRite, T.J. Maxx

Rutherford Commons (leased through 2099)(3)

196,000 100.0% 13.97 $23,000 Lowe's

Stelton Commons (leased through 2039)(3)

56,000 100.0% 22.64 — Staples, Party City

The Village at Bridgewater Commons(5)

92,000 98.0% 37.91 — Summit Health, Chipotle, Cava, Starbucks, Shake Shack

Tonnelle Commons 410,000 100.0% 23.67 $92,888 BJ's Wholesale Club, Walmart, PetSmart

Totowa Commons 272,000 100.0% 22.58 $50,800 The Home Depot, Staples, Tesla, Lidl, Boot Barn

Town Brook Commons 232,000 99.1% 15.09 $28,800 Stop & Shop, Kohl's, Iron Revolution Gym (lease not commenced)

West Branch Commons 279,000 100.0% 17.75 — Lowe's, Burlington

West End Commons 241,000 100.0% 11.99 — Costco, The Tile Shop, La-Z-Boy, Petco, Da Vita Dialysis

Woodbridge Commons 225,000 84.0% 15.41 $22,100 Walmart, Dollar Tree, Advance Auto Parts

New York:

Amherst Commons 311,000 98.1% 11.35 — BJ's Wholesale Club, Burlington, LA Fitness, Ross Dress for Less, Bob's Discount Furniture

Bruckner Commons(5)

335,000 90.2% 42.22 — ShopRite, Burlington, BJ's Wholesale Club (lease not commenced), national off-price retailer (lease not commenced)

Burnside Commons 100,000 88.8% 18.41 — Bingo Wholesale

Cross Bay Commons 44,000 100.0% 43.25 — Northwell Health

Dewitt (leased through 2041)(3)

46,000 100.0% 19.36 — Best Buy

Forest Commons 165,000 92.6% 27.00 — Western Beef, Planet Fitness, Advance Auto Parts, NYC Public School

Gun Hill Commons 81,000 100.0% 40.82 — Aldi, Planet Fitness

Henrietta Commons (leased through 2056)(3)

165,000 97.9% 5.19 — Kohl's

Huntington Commons 208,000 100.0% 23.08 $43,580 ShopRite, Marshalls, Old Navy, Petco, Burlington

Kingswood Crossing 108,000 100.0% 48.15 — Target, Marshalls, Maimonides Medical, Visiting Nurse Services, Emblem Health

Meadowbrook Commons (leased through 2040)(3)

44,000 100.0% 24.54 — Bob's Discount Furniture

Mount Kisco Commons 189,000 100.0% 18.17 $9,433 Target, Stop & Shop

New Hyde Park (leased through 2029)(3)

101,000 100.0% 23.41 — Stop & Shop

Shops at Bruckner(5)

113,000 100.0% 40.01 $36,710 Aldi, Marshalls, Five Below, Old Navy

URBAN EDGE PROPERTIES

PROPERTY STATUS REPORT

As of March 31, 2026

(dollars in thousands, except per sf amounts)

Property

Total Square Feet (1)

Percent Leased(1)

Weighted Average ABR PSF(2)

Mortgage Debt(6)

Major Tenants

Yonkers Gateway

447,000 97.8% 22.01 $50,000 Burlington, Marshalls, HomeSense, Best Buy, DSW, PetSmart, Alamo Drafthouse Cinema, Wren Kitchens, national grocer (lease not commenced)

Pennsylvania:

Broomall Commons(5)

170,000 100.0% 15.86 — Amazon Fresh, Planet Fitness, PetSmart, Nemours Children's Hospital, Picklr (lease not commenced)

Lincoln Plaza 228,000 100.0% 5.67 — Lowe's, Community Aid, Mattress Firm

Marten Commons 185,000 98.9% 16.18 — Kohl's, Ross Dress for Less, Staples, Petco

Wilkes-Barre Commons 184,000 96.2% 13.33 — Bob's Discount Furniture, Ross Dress for Less, Marshalls, Petco, Wren Kitchens

Wyomissing (leased through 2065)(3)

76,000 100.0% 16.61 — LA Fitness, PetSmart

South Carolina:

Charleston (leased through 2063)(3)

45,000 100.0% 16.43 — Best Buy

Virginia:

Norfolk (leased through 2069)(3)

114,000 100.0% 8.56 — BJ's Wholesale Club

Puerto Rico:

Shops at Caguas 356,000 96.3% 33.85 $79,586 Sector Sixty6, Old Navy, Foot Locker

The Outlets at Montehiedra(5)

538,000 95.9% 24.86 $70,864 Ralph's Food Warehouse, The Home Depot, Marshalls, Caribbean Cinemas, Old Navy, T.J. Maxx, Burlington

Total Retail Portfolio 15,996,000 96.4% $21.79 $1,677,984

Sunrise Mall(4)(5)(7)

1,228,000 5.1% 20.53 — Dick's Sporting Goods

Total Urban Edge Properties 17,224,000 89.9% $21.78 $1,677,984

(1) Percent leased is expressed as the percentage of gross leasable area subject to a lease, excluding temporary tenants. The Company excludes 58,000 sf of self-storage from the report above.

(2) Weighted average annual base rent per square foot including ground leases and executed leases for which rent has not commenced is calculated by annualizing tenants' current base rent (excluding any free rent periods), and excluding tenant reimbursements, concessions and storage rent. Excluding the ground leases where the Company is the lessor, the weighted average annual base rent per square foot for our retail portfolio is $24.40 per square foot.

(3) The Company is a lessee under a ground or building lease. The total square feet disclosed for the building will revert to the lessor upon lease expiration.

(4) We own 95% of Walnut Creek (Mt. Diablo) and 82.5% of Sunrise Mall with the remaining portions in each case owned by joint venture partners.

(5) Not included in the same-property pool for the purposes of calculating same-property metrics for the quarters ended March 31, 2026 and 2025.

(6) Mortgage debt balances exclude unamortized debt issuance costs.

(7) A portion of the property is under a ground lease through 2069.

URBAN EDGE PROPERTIES

PROPERTY ACQUISITIONS AND DISPOSITIONS

For the three months ended March 31, 2026

(dollars in thousands)

2026 Property Acquisitions:

Date Acquired Property Name City State GLA Price

3/30/2026 The Village at Bridgewater Commons Bridgewater NJ 92,000 $ 54,325

2026 Property Dispositions:

Date Disposed Property Name City State GLA Price

None.

URBAN EDGE PROPERTIES

DEVELOPMENT, REDEVELOPMENT AND ANCHOR REPOSITIONING PROJECTS

As of March 31, 2026

(in thousands, except square footage data)

Active Projects

Estimated Gross Cost(1)

Incurred as of 3/31/26

Target Stabilization(2)

Description and Status

Bruckner Commons (Phase A)(5)

$ 51,300 $ 44,500 2Q27 Retenanting a portion of the former Kmart box with BJ's Wholesale Club

Bruckner Commons (Phase B)(5)

18,400 5,500 4Q26 Redeveloping Toys "R" Us box with 20,000 sf of retail and restaurant pads

Bruckner Commons (Phase C)(5)

17,200 6,000 3Q27 Retenanting remainder of the former Kmart box with national off-price retailers

Hudson Mall (Phase A)(3)

12,700 11,700 2Q26 Retenanting former Toys "R" Us box with Burlington

Yonkers Gateway Center (Phase C)(3)

8,400 4,000 1Q27 Redemising multiple suites for national grocer and Hallmark relocation

Manalapan Commons (Phase B)(3)

7,500 6,200 3Q26 Backfilling vacant Bed Bath & Beyond with Nordstrom Rack (open) and Fidelity

Bergen Town Center (Phase F)(3)

7,500 1,200 2Q27 Developing new 10,000± sf pad for full service restaurant

Plaza at Woodbridge (Phase C)(3)

5,900 200 1Q28 Developing new 8,000± sf multi-tenant pad for Cava and small shops

Kingswood Crossing (Phase A)(3)

5,300 5,000 4Q26 Adding 17,000± sf Emblem Health (open)

Millburn Gateway Center(3)

3,900 300 3Q27 Retenanting portion of vacant Motion Fitness with Barry's Bootcamp and small shops

Bergen Town Center (Phase G)(3)

3,600 2,600 4Q26 Adding Capon's Burgers and Tatte Bakery & Cafe

The Outlets at Montehiedra (Phase F)(5)

3,500 500 4Q26 Terminated below-market 10,000± sf lease and backfilling with two national retailers

Hudson Mall (Phase B)(3)

3,100 300 2Q27 Retenanting former Big Lots with HomeGoods

Broomall Commons(5)

1,800 200 1Q27 Backfilling vacant anchor with Picklr

Woodmore Towne Centre (Phase A)(3)

1,700 600 1Q27 Developing new pad for free standing Bank of America

The Outlets at Montehiedra (Phase G)(5)

1,500 100 2Q27 Developing new pad for First Bank

Ledgewood Commons(3)

1,500 200 4Q26 Developing new restaurant pad for Tommy's Tavern + Tap

Bergen Town Center (Phase H)(3)

1,400 1,000 3Q26 Retenanting vacancy with Adidas

Plaza at Woodbridge (Phase B)(3)

1,100 400 4Q27 Expanding existing ExtraSpace self-storage by 13,000± sf in vacant space

Total $ 157,300

(4)

$ 90,500

(1) Estimated gross cost includes the allocation of internal costs such as labor, interest and taxes.

(2) Target Stabilization reflects the first quarter in which at least 80% of the expected NOI from the project has commenced. A project achieving Target Stabilization is classified as Completed whether or not all costs have been expended and remains listed as a Completed project for one year in the table on page 32. The Target Stabilization date is an estimate and is subject to change resulting from uncertainties inherent in the development process and not wholly under the Company's control.

(3) Results from these properties are included in our same-property metrics for the quarter ended March 31, 2026.

(4) The estimated, unleveraged yield for total Active Projects is 13% based on total estimated project costs and the incremental, unleveraged NOI directly attributable to the projects unless otherwise noted. The incremental, unleveraged NOI for Active Projects excludes NOI generated outside the project scope such as the impact on future lease rollovers or on the long-term value of the property. The unleveraged yield for projects related to vacant spaces is based on the total NOI directly attributable to the project and the estimated project costs.

(5) Results from these properties are included in our same-property including redevelopment metrics for the quarter ended March 31, 2026.

URBAN EDGE PROPERTIES

DEVELOPMENT, REDEVELOPMENT AND ANCHOR REPOSITIONING PROJECTS

As of March 31, 2026

(in thousands, except square footage data)

Completed Projects

Estimated Gross Cost(1)

Incurred as of 3/31/26

Stabilization(2)

Description

Plaza at Woodbridge (Phase A)(3)

$ 2,100 $ 1,900 1Q26 Retenanted 17,000± sf of former Bed Bath & Beyond with Trader Joe's and Ross Dress for Less

Totowa Commons (Phase B)(3)

1,900 1,800 1Q26 Retenanted vacant space with 27,000 sf Lidl and 18,000 sf Boot Barn

The Outlets at Montehiedra (Phase B)(6)

1,700 1,400 1Q26 Delivered new 6,000± sf pad for Texas Roadhouse

Plaza at Cherry Hill (Phase C)(3)

1,100 1,100 1Q26 Backfilled vacant space with 10,000 sf Big Blue Swim School

Totowa Commons (Phase A)(3)

5,700 5,600 4Q25 Backfilled former Bed Bath & Beyond box with Tesla

Bergen Town Center (Phase E)(3)

3,400 3,400 4Q25 Backfilled vacant Midas space with First Watch

Yonkers Gateway Center (Phase B)(3)

2,600 2,500 4Q25 Relocated Red Wing Shoes, added Dave's Hot Chicken into vacant shop space and expanded Best Buy in former Red Wing Shoes

Newington Commons(3)

1,400 1,400 3Q25 Backfilled former Staples with Bob's Discount Furniture

Marlton Commons(3)

7,300 7,000 2Q25 Redeveloped Friendly's with new 11,000± sf multi-tenant pad (First Watch, Cava, and Mattress Firm)

Brick Commons(3)

5,300 5,300 2Q25 Replaced Santander Bank with two quick service restaurants (Shake Shack and First Watch)

The Outlets at Montehiedra (Phase E)(6)

5,000 5,000 2Q25 Backfilled Tiendas Capri with 33,000 sf Burlington

Walnut Creek(3)

3,300 3,300 2Q25 Retenanted former Z Gallerie with Sweetgreen and Ronbow

Huntington Commons (Phase D)(3)

2,200 2,200 2Q25 Retenanted former bank pad with Starbucks and Yoga Six

Total $ 43,000

(4)

$ 41,900

Future Redevelopment(5)

Location Opportunity

Brunswick Commons(3)

East Brunswick, NJ Develop new pad

Hudson Mall(3)

Jersey City, NJ Reposition mall with retail and amenity upgrades and consideration of alternate uses

The Plaza at Cherry Hill(3)

Cherry Hill, NJ Renovate exterior of center and common areas and upgrade tenancy

Sunrise Mall Massapequa, NY Redevelop mall including consideration of alternate uses

(1) Estimated gross cost includes the allocation of internal costs such as labor, interest and taxes.

(2) Stabilization reflects the first quarter in which at least 80% of the expected NOI from the project has commenced. A project achieving Stabilization is classified as Completed whether or not all costs have been expended and remains listed as a Completed project for one year in the table above.

(3) Results from these properties are included in our same-property metrics for the quarter ended March 31, 2026.

(4) The estimated unleveraged yield for Completed projects is 21% based on total estimated project costs and the incremental, unleveraged NOI directly attributable to the projects unless otherwise noted. The incremental, unleveraged NOI for Completed projects excludes NOI generated outside the project scope such as the impact on future lease rollovers or on the long-term value of the property. The unleveraged yield for projects related to vacant spaces as a result of bankruptcy is based on the total NOI directly attributable to the project and the estimated project costs.

(5) The Company has identified future redevelopment opportunities which are, or will soon be, in planning phases and as such, may not ultimately become active projects. Proceeding with these investments is subject to many factors outside of the Company's control, and it is possible that municipal or other approvals may delay or suspend our ability to proceed with such plans. The execution of these projects is discretionary and we are under no current obligation to fund these projects.

(6) Results from these properties are included in our same-property including redevelopment metrics for the quarter ended March 31, 2026.

URBAN EDGE PROPERTIES

DEBT SUMMARY

As of March 31, 2026 and December 31, 2025

(in thousands)

March 31, 2026 December 31, 2025

Secured fixed rate debt $ 1,677,984 $ 1,619,388

Unsecured variable rate debt 30,000 —

Total debt $ 1,707,984 $ 1,619,388

% Secured fixed rate debt 98.2 % 100.0 %

% Unsecured variable rate debt 1.8 % — %

Total 100.0 % 100.0 %

Secured mortgage debt $ 1,677,984 $ 1,619,388

Unsecured debt(1)

30,000 —

Total debt $ 1,707,984 $ 1,619,388

% Secured mortgage debt 98.2 % 100.0 %

% Unsecured debt 1.8 % — %

Total 100.0 % 100.0 %

Weighted average remaining maturity on secured mortgage debt 3.6 years 3.7 years

Weighted average remaining maturity on unsecured debt 5.2 years N/A

Total market capitalization (see page 20) $ 4,370,624

% Secured mortgage debt 38.4 %

% Unsecured debt 0.7 %

Total debt: Total market capitalization 39.1 %

Weighted average interest rate on secured mortgage debt(2)

5.03 % 5.03 %

Weighted average interest rate on unsecured debt(2)

4.67 % — %

Total debt 5.02 % 5.03 %

Note: All amounts and calculations exclude unamortized debt issuance costs on mortgages payable.

(1) As of March 31, 2026, there was $30 million outstanding under our unsecured line of credit, which has a maturity date of June 28, 2030 with two six-month extension options. Borrowings under the unsecured line of credit bear interest at SOFR plus 1.00% with an annual facility fee of 0.15% based on the Company's current leverage ratio. As of March 31, 2026, the Company had obtained seven letters of credit issued under the unsecured line of credit aggregating $27.9 million which were provided to mortgage lenders and other entities to secure its obligations for certain capital requirements. The letters of credit remain undrawn but have reduced the amount available under the unsecured line of credit commensurate with their face values.

(2) Weighted average interest rate is calculated based on balances outstanding at the respective dates.

URBAN EDGE PROPERTIES

MORTGAGE DEBT SUMMARY

As of March 31, 2026 and December 31, 2025

(dollars in thousands)

Property Maturity Date Rate March 31, 2026 December 31, 2025

Percent of Mortgage Debt at

March 31, 2026

Town Brook Commons 12/1/2026 3.78 % $ 28,800 $ 28,965 1.7 %

Rockaway River Commons 12/1/2026 3.78 % 25,500 25,645 1.5 %

Hanover Commons 12/10/2026 4.03 % 58,620 58,935 3.5 %

Tonnelle Commons 4/1/2027 4.18 % 92,888 93,377 5.5 %

Manchester Plaza 6/1/2027 4.32 % 12,500 12,500 0.7 %

Millburn Gateway Center 6/1/2027 3.97 % 20,879 21,013 1.2 %

Totowa Commons 12/1/2027 4.33 % 50,800 50,800 3.0 %

Woodbridge Commons 12/1/2027 4.36 % 22,100 22,100 1.3 %

Brunswick Commons 12/6/2027 4.38 % 63,000 63,000 3.8 %

Rutherford Commons 1/6/2028 4.49 % 23,000 23,000 1.4 %

Hackensack Commons 3/1/2028 4.36 % 66,400 66,400 4.0 %

Marlton Commons 12/1/2028 3.86 % 35,108 35,295 2.1 %

Yonkers Gateway Center 4/10/2029 6.30 % 50,000 50,000 3.0 %

Ledgewood Commons 5/5/2029 6.03 % 50,000 50,000 3.0 %

The Shops at Riverwood 6/24/2029 4.25 % 20,476 20,577 1.2 %

Shops at Bruckner 7/1/2029 6.00 % 36,710 36,848 2.2 %

Shoppers World(1)

8/15/2029 5.12 % 123,600 123,600 7.4 %

Greenbrook Commons 9/1/2029 6.03 % 31,000 31,000 1.8 %

Huntington Commons 12/5/2029 6.29 % 43,580 43,704 2.6 %

Bergen Town Center 4/10/2030 6.30 % 286,922 287,779 17.2 %

The Outlets at Montehiedra 6/1/2030 5.00 % 70,864 71,412 4.2 %

Montclair(2)

8/15/2030 3.15 % 7,164 7,201 0.4 %

Garfield Commons 12/1/2030 4.14 % 37,941 38,134 2.3 %

Shops at Caguas 1/31/2031 6.15 % 79,586 79,983 4.7 %

The Village at Waugh Chapel(3)

12/1/2031 3.76 % 55,963 55,784 3.3 %

Brick Commons 12/10/2031 5.20 % 50,000 50,000 3.0 %

Woodmore Towne Centre 1/6/2032 3.39 % 117,200 117,200 7.0 %

Plaza at Woodbridge(4)

3/18/2033 5.03 % 62,500 — 3.7 %

Newington Commons 7/1/2033 6.00 % 15,450 15,505 0.9 %

Briarcliff Commons 10/1/2034 5.47 % 30,000 30,000 1.8 %

Mount Kisco Commons(5)

11/15/2034 6.40 % 9,433 9,631 0.6 %

Total mortgage debt 5.03 % $ 1,677,984 $ 1,619,388 100.0 %

Total unamortized debt issuance costs (12,766) (12,614)

Total mortgage debt, net $ 1,665,218 $ 1,606,774

(1)Bears interest at SOFR plus 170 bps. The variable component of the debt is hedged with an interest rate swap agreement, fixing the rate at 5.12%, which expires at the maturity of the loan.

(2)Bears interest at SOFR plus 257 bps. The fixed and variable components of the debt are hedged with an interest rate swap agreement, fixing the rate at 3.15%, which expires at the maturity of the loan.

(3)The mortgage payable balance includes unamortized debt mark-to-market discount of $4.0 million.

(4)Bears interest at SOFR plus 155 bps. The variable component of the debt is hedged with an interest rate swap agreement, fixing the rate at 5.03%, which expires on March 18, 2031.

(5)The mortgage payable balance includes unamortized debt mark-to-market discount of $0.5 million.

URBAN EDGE PROPERTIES

DEBT MATURITY SCHEDULE

As of March 31, 2026

(dollars in thousands)

Year Amortization Balloon Payments

Unsecured Line of Credit(1)

Premium/(Discount) Amortization Total Weighted Average Interest rate at maturity Percent of Debt Maturing

2026(2)

$ 12,445 $ 111,228 $ — $ (579) $ 123,094 4.0% 7.2 %

2027 13,608 259,526 — (774) 272,360 4.3% 15.9 %

2028 13,536 122,402 — (773) 135,165 4.4% 7.9 %

2029 12,452 348,590 — (773) 360,269 5.7% 21.1 %

2030 6,668 372,252 — (773) 378,147 5.8% 22.2 %

2031 1,691 180,552 30,000 (713) 211,530 5.1% 12.4 %

2032 1,607 117,200 — (60) 118,747 3.4% 7.0 %

2033 1,538 75,919 — (60) 77,397 5.2% 4.5 %

2034 1,333 30,000 — (58) 31,275 5.5% 1.8 %

Total $ 64,878 $ 1,617,669 $ 30,000 $ (4,563) $ 1,707,984 5.0% 100 %

Unamortized debt issuance costs (12,766)

Total outstanding debt, net $ 1,695,218

(1) Our $700 million unsecured line of credit matures on June 28, 2030, plus two six-month extensions at our option, to June 28, 2031.

(2) Remainder of 2026.

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Cover page

Apr. 29, 2026

Entity Information [Line Items]

Document Type

8-K

Document Period End Date

Apr. 29, 2026

Entity Registrant Name

URBAN EDGE PROPERTIES

Entity Incorporation, State or Country Code

Entity File Number

001-36523

Entity Tax Identification Number

47-6311266

Entity Address, Address Line One

12 East 49th Street,

Entity Address, City or Town

New York

Entity Address, State or Province

Entity Address, Postal Zip Code

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City Area Code

(212)

Local Phone Number

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Security Exchange Name

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Entity Emerging Growth Company

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Urban Edge Properties LP

Entity Information [Line Items]

Entity Registrant Name

URBAN EDGE PROPERTIES LP

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Entity File Number

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Entity Tax Identification Number

36-4791544

Entity Emerging Growth Company

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Area code of city

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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

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- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

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No definition available.

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- Definition

Address Line 1 such as Attn, Building Name, Street Name

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Name of the City or Town

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Code for the postal or zip code

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Name of the state or province.

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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Indicate if registrant meets the emerging growth company criteria.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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No definition available.

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Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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-Publisher SEC

-Name Exchange Act

-Number 240

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-Subsection b-2

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

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-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

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-Section 14a

-Subsection 12

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- Definition

Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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-Publisher SEC

-Name Securities Act

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-Section 425

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