UE Urban Edge Properties

Urban Edge Properties Announces Sale of 6,250,000 Common Shares for $155 Million in Net Proceeds

NEW YORK--(BUSINESS WIRE)--

Urban Edge Properties (NYSE:UE) has entered into a definitive agreement to sell 6,250,000 common shares to Cohen & Steers Capital Management, Inc. at a net price of $24.80 per share. The issuance will be a direct sale with no underwriter or placement agent such that net proceeds to the Company will be $155 million. Settlement is expected to occur on or about August 9, 2017.

The Company intends to use the proceeds of this offering to fund development and redevelopment projects, future acquisitions, as well as for general corporate purposes.

ABOUT URBAN EDGE PROPERTIES

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 90 properties totaling 16.6 million square feet of gross leasable area.

EN
04/08/2017

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Urban Edge Properties: 1 director

A director at Urban Edge Properties sold 240,000 shares at 22.450USD and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...

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Urban Edge Properties Declares a Quarterly Common Dividend of $0.22 pe...

NEW YORK--(BUSINESS WIRE)-- Urban Edge Properties (NYSE:UE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.22 per common share. The dividend will be payable on June 29, 2018 to common shareholders of record on June 15, 2018. ABOUT URBAN EDGE PROPERTIES Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. U...

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Urban Edge Properties Reports First Quarter 2018 Results

NEW YORK--(BUSINESS WIRE)-- Urban Edge Properties (NYSE:UE) (the "Company") today announced its results for the quarter ended March 31, 2018. Financial Results(1)(2) Generated net income of $23.0 million, or $0.18 per diluted share. Generated Funds from Operations applicable to diluted common shareholders ("FFO") of $44.1 million, or $0.35 per share. Generated FFO as Adjusted of $41.3 million or $0.33 per share, consistent with the first quarter of 2017. ...

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Urban Edge Properties Announces First Quarter 2018 Earnings Release Da...

NEW YORK--(BUSINESS WIRE)-- Urban Edge Properties (NYSE:UE) announced today that it will release its 2018 first quarter earnings on Wednesday, May 2, 2018, after the market close. ABOUT URBAN EDGE PROPERTIES Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 89 properties totaling 16.7 million square feet of gross leasable area. ...

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