Urban Edge Properties (UE) financial statements (2022 and earlier)

Company profile

Business Address 210 ROUTE 4 EAST
PARAMUS, NJ 07652
State of Incorp. MD
Fiscal Year End December 31
SIC 65 - Real Estate (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments164385433440490132169
Cash and cash equivalents164385433440490132169
Prepaid expense1110891088
Total current assets:176394441450500139177
Noncurrent Assets
Finance lease, right-of-use asset33 
Operating lease, right-of-use asset6981 
Inventory, real estate7213266197196192123
Property, plant and equipment551576523532528389393
Intangible assets, net (including goodwill)71564868873134
Intangible assets, net (excluding goodwill)71564868873134
Regulated entity, other noncurrent assets      8
Total noncurrent assets:767848637797810612558
Other undisclosed assets2,0431,6971,7681,5521,5101,1531,184
TOTAL ASSETS:2,9852,9402,8462,7992,8211,9041,919
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,9371,9441,8321,7931,8301,4081,447
Total liabilities:1,9371,9441,8321,7931,8301,4081,447
Stockholders' equity
Stockholders' equity attributable to parent995952968905890460438
Common stock1111111
Additional paid in capital1,0019901,019956946488475
Accumulated deficit(7)(39)(53)(53)(58)(29)(38)
Stockholders' equity attributable to noncontrolling interest5344471011013634
Total stockholders' equity:1,0489961,0151,006991496471
TOTAL LIABILITIES AND EQUITY:2,9852,9402,8462,7992,8211,9041,919

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues425330388414407326323
Revenue, net368326323
Operating lease, lease income422328 
Operating leases, income statement, lease revenue411
Cost of revenue(69)(28)(64)(74)(0)(0)(51)
Cost of goods and services sold(69) (64)(74)(0)(0)(51)
Provision for loan, lease, and other losses (28)  
Gross profit:357302324340407326272
Operating expenses(277)(278)(284)(292)(245)(193)(225)
Other undisclosed operating income   740051
Operating income:79254012216213398
Nonoperating income
(Investment Income, Nonoperating)
19427861210
Interest and debt expense(58)(71)(67)(65)(56)(52)(56)
Income (loss) from continuing operations before equity method investments, income taxes:40(4)521181088243
Other undisclosed income (loss) from continuing operations before income taxes6963663(35)16 
Income from continuing operations before income taxes:10959117120739743
Income tax expense (benefit)(1)39(1)(4)0(1)(1)
Net income:10898116117739741
Net loss attributable to noncontrolling interest(5)(4)(7)(12)(6)(6)(3)
Net income attributable to parent:10394110105679139
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic     (0) 
Net income available to common stockholders, basic:10394109105679139
Other undisclosed net income available to common stockholders, diluted400 60 
Net income available to common stockholders, diluted:10694109105739139

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:10898116117739741
Comprehensive income:10898116117739741
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(4)(7)(12)(6)(6)(3)
Comprehensive income, net of tax, attributable to parent:10394110105679139

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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