Urban Edge Properties (UE) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments385433440490132169
Cash and cash equivalents385433440490132169
Prepaid expense10891088
Total current assets:394441450500139177
Noncurrent Assets
Finance lease, right-of-use asset3 
Operating lease, right-of-use asset81 
Inventory, real estate13266197196192123
Property, plant and equipment576523532528389393
Intangible assets, net (including goodwill)564868873134
Intangible assets, net (excluding goodwill)564868873134
Regulated entity, other noncurrent assets     8
Total noncurrent assets:848637797810612558
Other undisclosed assets1,6971,7681,5521,5101,1531,184
TOTAL ASSETS:2,9402,8462,7992,8211,9041,919
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,9441,8321,7931,8301,4081,447
Total liabilities:1,9441,8321,7931,8301,4081,447
Stockholders' equity
Stockholders' equity attributable to parent952968905890460438
Common stock111111
Additional paid in capital9901,019956946488475
Accumulated deficit(39)(53)(53)(58)(29)(38)
Stockholders' equity attributable to noncontrolling interest44471011013634
Total stockholders' equity:9961,0151,006991496471
TOTAL LIABILITIES AND EQUITY:2,9402,8462,7992,8211,9041,919

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues330388414407326323
Revenue, net368326323
Operating lease, lease income328 
Operating leases, income statement, lease revenue411
Cost of revenue(28)(64)(74)(0)(0)(51)
Cost of goods and services sold (64)(74)(0)(0)(51)
Provision for loan, lease, and other losses(28)  
Gross profit:302324340407326272
Operating expenses(278)(284)(292)(245)(193)(225)
Other undisclosed operating income  740051
Operating income:254012216213398
Nonoperating income
(Investment Income, Nonoperating)
427861210
Interest and debt expense(71)(67)(65)(56)(52)(56)
Income (loss) from continuing operations before equity method investments, income taxes:(4)521181088243
Other undisclosed income (loss) from continuing operations before income taxes63663(35)16 
Income from continuing operations before income taxes:59117120739743
Income tax expense (benefit)39(1)(4)0(1)(1)
Net income:98116117739741
Net loss attributable to noncontrolling interest(4)(7)(12)(6)(6)(3)
Net income attributable to parent:94110105679139
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic    (0) 
Net income available to common stockholders, basic:94109105679139
Other undisclosed net income available to common stockholders, diluted00 60 
Net income available to common stockholders, diluted:94109105739139

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:98116117739741
Comprehensive income:98116117739741
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(7)(12)(6)(6)(3)
Comprehensive income, net of tax, attributable to parent:94110105679139

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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