Urban Edge Properties (UE) 10-K 13 Feb 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Jan. 31, 2019	Jun. 30, 2018
Document Information [Abstract]
Entity Registrant Name	URBAN EDGE PROPERTIES
Entity Central Index Key	1,611,547
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		114,333,219
Entity Public Float			$ 2,568,025,897

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Real estate, at cost:
Land	$ 525,819	$ 521,669
Buildings and improvements	2,156,113	2,010,527
Construction in progress	80,385	133,761
Furniture, fixtures and equipment	6,675	5,897
Total	2,768,992	2,671,854
Accumulated depreciation and amortization	(645,872)	(587,127)
Real estate, net	2,123,120	2,084,727
Cash and cash equivalents	440,430	490,279
Restricted cash	17,092	10,562
Tenant and other receivables, net of allowance for doubtful accounts of $6,485 and $4,937, respectively	28,563	20,078
Receivable arising from the straight-lining of rents, net of allowance for doubtful accounts of $662 and $494, respectively	84,903	85,843
Identified intangible assets, net of accumulated amortization of $38,905 and $33,827, respectively	68,422	87,249
Deferred leasing costs, net of accumulated amortization of $16,043 and $14,796, respectively	21,277	20,268
Deferred financing costs, net of accumulated amortization of $2,508 and $1,740, respectively	2,219	3,243
Prepaid expenses and other assets	12,968	18,559
Total assets	2,798,994	2,820,808
Liabilities:
Mortgages payable, net	1,550,242	1,564,542
Accounts payable and accrued expenses	98,517	84,766
Identified intangible liabilities, net of accumulated amortization of $64,252 and $65,832, respectively	144,258	180,959
Total liabilities	1,793,017	1,830,267
Commitments and contingencies
Shareholders’ equity:
Common shares: $0.01 par value; 500,000,000 shares authorized and 114,175,607 and 113,827,529 shares issued and outstanding, respectively	1,143	1,138
Additional paid-in capital	956,420	946,402
Accumulated deficit	(52,857)	(57,621)
Noncontrolling interests:
Operating partnership	100,822	100,218
Partners’ capital:
Consolidated subsidiaries	449	404
Total equity	1,005,977	990,541
Total liabilities and equity	2,798,994	2,820,808
Urban Edge Properties LP
Real estate, at cost:
Land	525,819	521,669
Buildings and improvements	2,156,113	2,010,527
Construction in progress	80,385	133,761
Furniture, fixtures and equipment	6,675	5,897
Total	2,768,992	2,671,854
Accumulated depreciation and amortization	(645,872)	(587,127)
Real estate, net	2,123,120	2,084,727
Cash and cash equivalents	440,430	490,279
Restricted cash	17,092	10,562
Tenant and other receivables, net of allowance for doubtful accounts of $6,485 and $4,937, respectively	28,563	20,078
Receivable arising from the straight-lining of rents, net of allowance for doubtful accounts of $662 and $494, respectively	84,903	85,843
Identified intangible assets, net of accumulated amortization of $38,905 and $33,827, respectively	68,422	87,249
Deferred leasing costs, net of accumulated amortization of $16,043 and $14,796, respectively	21,277	20,268
Deferred financing costs, net of accumulated amortization of $2,508 and $1,740, respectively	2,219	3,243
Prepaid expenses and other assets	12,968	18,559
Total assets	2,798,994	2,820,808
Liabilities:
Mortgages payable, net	1,550,242	1,564,542
Accounts payable and accrued expenses	98,517	84,766
Identified intangible liabilities, net of accumulated amortization of $64,252 and $65,832, respectively	144,258	180,959
Total liabilities	1,793,017	1,830,267
Commitments and contingencies
Shareholders’ equity:
Accumulated deficit	(57,482)	(62,898)
Partners’ capital:
General partner: 114,175,607 and 113,827,529 units outstanding, respectively	957,563	947,540
Limited partners: 12,908,526 and 12,812,954 units outstanding, respectively	105,447	105,495
Total partners’ capital	1,005,528	990,137
Consolidated subsidiaries	449	404
Total equity	1,005,977	990,541
Total liabilities and equity	$ 2,798,994	$ 2,820,808

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Allowance for doubtful accounts	$ 6,486	$ 4,937
Allowance for doubtful accounts, rents receivable	134	494
Accumulated amortization, identified intangible assets	39,526	33,827
Accumulated amortization, deferred leasing costs	16,826	14,796
Accumulated amortization, deferred financing costs	2,764	1,740
Accumulated amortization, identified intangible liabilities	$ 65,058	$ 65,832
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	114,345,565	113,827,529
Common stock, shares, outstanding (in shares)	114,345,565	113,827,529
Urban Edge Properties LP
Allowance for doubtful accounts	$ 6,486	$ 4,937
Allowance for doubtful accounts, rents receivable	134	494
Accumulated amortization, identified intangible assets	39,526	33,827
Accumulated amortization, deferred leasing costs	16,826	14,796
Accumulated amortization, deferred financing costs	2,764	1,740
Accumulated amortization, identified intangible liabilities	$ 65,058	$ 65,832
Common stock, shares, outstanding (in shares)	114,345,565	113,827,529
Limited partners, units outstanding (in units)	12,736,633	12,812,954

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
REVENUE
Property rentals	$ 411,298	$ 365,082	$ 321,719
Total revenue	414,160	407,042	325,976
EXPENSES
Depreciation and amortization	99,422	82,281	56,145
Real estate taxes	63,655	59,737	51,429
Property operating	74,222	50,894	45,280
General and administrative	34,984	30,691	28,843
Casualty and impairment loss (gain), net	4,426	7,382	0
Ground rent	11,448	10,848	10,047
Provision for doubtful accounts	4,138	3,445	1,214
Total expenses	292,295	245,278	192,958
Operating income	121,865	161,764	133,018
Gain on sale of real estate	52,625	202	15,618
Interest income	8,336	2,248	679
Interest and debt expense	(64,868)	(56,218)	(51,881)
Gain (loss) on extinguishment of debt	2,524	(35,336)	0
Income before income taxes	120,482	72,660	97,434
Income tax expense	(3,519)	278	(804)
Net income	116,963	72,938	96,630
Less net income attributable to noncontrolling interests in:
Operating partnership	(11,768)	(5,824)	(5,812)
Consolidated subsidiaries	(45)	(44)	(3)
Net income (loss) attributable to common shareholders	$ 105,150	$ 67,070	$ 90,815
Earnings per common share - Basic (in dollars per share)	$ 0.92	$ 0.62	$ 0.91
Earnings per common share - Diluted (in dollars per share)	$ 0.92	$ 0.61	$ 0.91
Weighted average shares outstanding - Basic (in shares)	113,863	107,132	99,364
Weighted average shares outstanding - Diluted (in shares)	114,051	118,390	99,794
Management and development fees
REVENUE
Revenues from contract with customer	$ 1,469	$ 1,535	$ 1,759
Income from acquired leasehold interest
REVENUE
Revenues from contract with customer	0	39,215	0
Other income
REVENUE
Revenues from contract with customer	1,393	1,210	2,498
Urban Edge Properties LP
REVENUE
Property rentals	411,298	365,082	321,719
Total revenue	414,160	407,042	325,976
EXPENSES
Depreciation and amortization	99,422	82,281	56,145
Real estate taxes	63,655	59,737	51,429
Property operating	74,222	50,894	45,280
General and administrative	34,984	30,691	28,843
Casualty and impairment loss (gain), net	4,426	7,382	0
Ground rent	11,448	10,848	10,047
Provision for doubtful accounts	4,138	3,445	1,214
Total expenses	292,295	245,278	192,958
Operating income	121,865	161,764	133,018
Gain on sale of real estate	52,625	202	15,618
Interest income	8,336	2,248	679
Interest and debt expense	(64,868)	(56,218)	(51,881)
Gain (loss) on extinguishment of debt	2,524	(35,336)	0
Income before income taxes	120,482	72,660	97,434
Income tax expense	(3,519)	278	(804)
Net income	116,963	72,938	96,630
Less net income attributable to noncontrolling interests in:
Consolidated subsidiaries	(45)	(44)	(3)
Net income (loss) attributable to common shareholders	$ 116,918	$ 72,894	$ 96,627
Earnings per common share - Basic (in dollars per share)	$ 0.92	$ 0.62	$ 0.91
Earnings per common share - Diluted (in dollars per share)	$ 0.92	$ 0.61	$ 0.91
Weighted average shares outstanding - Basic (in shares)	126,198	117,779	105,455
Weighted average shares outstanding - Diluted (in shares)	126,386	118,390	106,099
Urban Edge Properties LP | Management and development fees
REVENUE
Revenues from contract with customer	$ 1,469	$ 1,535	$ 1,759
Urban Edge Properties LP | Income from acquired leasehold interest
REVENUE
Revenues from contract with customer	0	39,215	0
Urban Edge Properties LP | Other income
REVENUE
Revenues from contract with customer	$ 1,393	$ 1,210	$ 2,498

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Urban Edge Properties LP	Urban Edge Properties LPAccumulated Earnings (Deficit)	Urban Edge Properties LPConsolidated Subsidiaries	Urban Edge Properties LPGeneral Partner	Urban Edge Properties LPLimited Partners	Common Shares	Additional Paid-In Capital	Accumulated Earnings (Deficit)	Operating Partnership	Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 2015					99,290,952	6,150,224	99,290,952
Beginning balance at Dec. 31, 2015	$ 471,454	$ 471,454	$ (40,813)	$ 357	$ 476,362	$ 35,548	$ 993	$ 475,369	$ (38,442)	$ 33,177	$ 357
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders	90,815	96,627	96,627						90,815
Net income attributable to noncontrolling interests	5,815	3		3						5,812	3
Common units issued as a result of common shares issued by Urban Edge (in shares)					465,534
Common units issued as a result of common shares issued by Urban Edge		8,949	(348)		$ 9,297
Limited partnership units issued, net (in shares)						228,480
Limited partnership units issued, net		0
Common shares issued (in shares)							465,534
Common shares issued	8,949						$ 4	9,293	(348)
Dividends to common shareholders ($0.66 per share)	(81,240)								(81,240)
Distributions to redeemable NCI ($0.66 per unit)	(5,071)									(5,071)
Distributions to Partners ($0.66 per unit)		(86,311)	(86,311)
Share-based compensation expense	5,433	5,433	149		$ 3,751	$ 1,533		3,751	149	1,533
Share-based awards retained for taxes (in shares)					(1,586)		(1,586)
Share-based awards retained for taxes	(38)	(38)			$ (38)			(38)
Ending balance (in shares) at Dec. 31, 2016					99,754,900	6,378,704	99,754,900
Ending balance at Dec. 31, 2016	496,117	496,117	(30,696)	360	$ 489,372	$ 37,081	$ 997	488,375	(29,066)	35,451	360
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders	67,070	72,894	72,894						67,070
Net income attributable to noncontrolling interests	5,868	44		44						5,824	44
Common units issued as a result of common shares issued by Urban Edge (in shares)					14,083,137
Common units issued as a result of common shares issued by Urban Edge		348,404	(319)		$ 348,723
Limited partnership units issued, net (in shares)						6,434,250
Limited partnership units issued, net	171,084	171,084			105,200	$ 65,884		105,200		65,884
Common shares issued (in shares)							14,083,137
Common shares issued	348,404						$ 141	348,582	(319)
Dividends to common shareholders ($0.66 per share)	(95,381)								(95,381)
Distributions to redeemable NCI ($0.66 per unit)	(9,471)									(9,471)
Distributions to Partners ($0.66 per unit)		(104,852)	(104,852)
Share-based compensation expense	7,137	7,137	75		$ 4,532	$ 2,530		4,532	75	2,530
Share-based awards retained for taxes (in shares)					(10,508)		(10,508)
Share-based awards retained for taxes	$ (287)	$ (287)			$ (287)			(287)
Ending balance (in shares) at Dec. 31, 2017	113,827,529	113,827,529			113,827,529	12,812,954	113,827,529
Ending balance at Dec. 31, 2017	$ 990,541	$ 990,541	(62,898)	404	$ 947,540	$ 105,495	$ 1,138	946,402	(57,621)	100,218	404
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders	105,150	116,918	116,918						105,150
Net income attributable to noncontrolling interests	11,813	45		45						11,768	45
Common units issued as a result of common shares issued by Urban Edge (in shares)					106,116
Common units issued as a result of common shares issued by Urban Edge		477	(172)		$ 649
Units redeemed for common shares (in shares)					429,110	(429,110)	429,110
Units redeemed for common shares	3,504	3,504			$ 3,504		$ 4	3,500
Limited partnership units issued, net (in shares)						352,789
Limited partnership units issued, net		0
Reallocation of noncontrolling interests	(3,504)	(3,504)			1,263	$ (4,767)		1,263		(4,767)
Common shares issued (in shares)							106,116
Common shares issued	477						$ 2	647	(172)
Dividends to common shareholders ($0.66 per share)	(100,244)								(100,244)
Distributions to redeemable NCI ($0.66 per unit)	(11,116)									(11,116)
Distributions to Partners ($0.66 per unit)		(111,360)	(111,360)
Share-based compensation expense	9,741	9,741	30		$ 4,992	$ 4,719		4,992	30	4,719
Share-based awards retained for taxes (in shares)					(17,190)		(17,190)
Share-based awards retained for taxes	$ (385)	$ (385)			$ (385)		$ (1)	(384)
Ending balance (in shares) at Dec. 31, 2018	114,345,565	114,345,565			114,345,565	12,736,633	114,345,565
Ending balance at Dec. 31, 2018	$ 1,005,977	$ 1,005,977	$ (57,482)	$ 449	$ 957,563	$ 105,447	$ 1,143	$ 956,420	$ (52,857)	$ 100,822	$ 449

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Dividends on common shares (in dollars per share)	$ 0.88	$ 0.88	$ 0.82
Distributions to redeemable NCI (in dollars per unit)	$ 0.88	0.88	0.82
Limited Partners | Urban Edge Properties LP
Noncontrolling interest percentage	10.00%
Accumulated Earnings (Deficit) | Urban Edge Properties LP
Dividends on common shares (in dollars per share)	$ 0.88	$ 0.88	$ 0.82

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 116,963	$ 72,938	$ 96,630
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	100,063	82,511	57,178
Income from acquired leasehold interest	0	(39,215)	0
Casualty and impairment loss	5,574	5,637	0
Gain on sale of real estate	(52,625)	(202)	(15,618)
(Gain) loss on extinguishment of debt	(2,524)	35,336	0
Amortization of deferred financing costs	2,879	2,876	2,830
Amortization of below market leases, net	(33,975)	(9,502)	(7,776)
Straight-lining of rent	(735)	352	227
Share-based compensation expense	9,741	7,137	5,433
Provision for doubtful accounts	4,138	3,445	1,214
Change in operating assets and liabilities:
Tenant and other receivables	(13,327)	(13,749)	(78)
Deferred leasing costs	(4,675)	(4,110)	(3,815)
Prepaid and other assets	1,867	(4,432)	141
Accounts payable and accrued expenses	3,676	18,876	883
Net cash provided by operating activities	137,040	157,898	137,249
CASH FLOWS FROM INVESTING ACTIVITIES
Real estate development and capital improvements	(118,765)	(89,344)	(69,901)
Acquisition of real estate	(4,931)	(211,393)	(9,267)
Proceeds from sale of operating properties	57,593	5,005	19,938
Insurance proceeds	1,300	0	0
Net cash used in investing activities	(64,803)	(295,732)	(59,230)
CASH FLOWS FROM FINANCING ACTIVITIES
Debt repayments	(4,288)	(129,640)	(38,458)
Dividends to common shareholders	(100,244)	(95,381)	(81,240)
Distributions to redeemable noncontrolling interests	(11,116)	(9,471)	(5,071)
Debt issuance costs	0	(13,193)	0
Taxes withheld for vested restricted shares	(385)	(287)	(38)
Payment on extinguishment of debt	0	(1,138)	0
Purchase of marketable securities in connection with debt defeasance	0	(536,505)	0
Proceeds related to the issuance of common shares	477	348,404	8,949
Proceeds from borrowings	0	935,700	0
Net cash (used in) provided by financing activities	(115,556)	498,489	(115,858)
Net (decrease) increase in cash and cash equivalents and restricted cash	(43,319)	360,655	(37,839)
Cash and cash equivalents and restricted cash at beginning of period	500,841	140,186	178,025
Cash and cash equivalents and restricted cash at end of period	457,522	500,841	140,186
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payment for interest, includes amounts capitalized of $2,769 and $2,912, respectively	65,699	55,140	51,137
Cash payments for income taxes	757	1,237	1,277
NON-CASH INVESTING AND FINANCING ACTIVITIES
Accrued capital expenditures included in accounts payable and accrued expenses	25,661	14,651	12,492
Mortgage debt forgiven in foreclosure sale	24,307	0	0
Write-off of fully depreciated assets	11,537	3,286	4,585
Acquisition of real estate through issuance of OP units	0	171,084	0
Acquisition of real estate through assumption of debt	0	69,659	0
Marketable securities transferred in connection with debt defeasance	0	536,590	0
Defeasance of mortgages payable	0	(505,473)	0
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents and restricted cash at end of period	500,841	140,186	178,025
Urban Edge Properties LP
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	116,963	72,938	96,630
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	100,063	82,511	57,178
Income from acquired leasehold interest	0	(39,215)	0
Casualty and impairment loss	5,574	5,637	0
Gain on sale of real estate	(52,625)	(202)	(15,618)
(Gain) loss on extinguishment of debt	(2,524)	35,336	0
Amortization of deferred financing costs	2,879	2,876	2,830
Amortization of below market leases, net	(33,975)	(9,502)	(7,776)
Straight-lining of rent	(735)	352	227
Share-based compensation expense	9,741	7,137	5,433
Provision for doubtful accounts	4,138	3,445	1,214
Change in operating assets and liabilities:
Tenant and other receivables	(13,327)	(13,749)	(78)
Deferred leasing costs	(4,675)	(4,110)	(3,815)
Prepaid and other assets	1,867	(4,432)	141
Accounts payable and accrued expenses	3,676	18,876	883
Net cash provided by operating activities	137,040	157,898	137,249
CASH FLOWS FROM INVESTING ACTIVITIES
Real estate development and capital improvements	(118,765)	(89,344)	(69,901)
Acquisition of real estate	(4,931)	(211,393)	(9,267)
Proceeds from sale of operating properties	57,593	5,005	19,938
Insurance proceeds	1,300	0	0
Net cash used in investing activities	(64,803)	(295,732)	(59,230)
CASH FLOWS FROM FINANCING ACTIVITIES
Debt repayments	(4,288)	(129,640)	(38,458)
Distributions to partners	(111,360)	(104,852)	(86,311)
Debt issuance costs	0	(13,193)	0
Taxes withheld for vested restricted shares	(385)	(287)	(38)
Payment on extinguishment of debt	0	(1,138)	0
Purchase of marketable securities in connection with debt defeasance	0	(536,505)	0
Proceeds related to the issuance of common shares	477	348,404	8,949
Proceeds from borrowings	0	935,700	0
Net cash (used in) provided by financing activities	(115,556)	498,489	(115,858)
Net (decrease) increase in cash and cash equivalents and restricted cash	(43,319)	360,655	(37,839)
Cash and cash equivalents and restricted cash at beginning of period	500,841	140,186	178,025
Cash and cash equivalents and restricted cash at end of period	457,522	500,841	140,186
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payment for interest, includes amounts capitalized of $2,769 and $2,912, respectively	65,699	55,140	51,137
Cash payments for income taxes	757	1,237	1,277
NON-CASH INVESTING AND FINANCING ACTIVITIES
Accrued capital expenditures included in accounts payable and accrued expenses	25,661	14,651	12,492
Mortgage debt forgiven in foreclosure sale	11,537	0	0
Write-off of fully depreciated assets	24,307	3,286	4,585
Acquisition of real estate through issuance of OP units	0	171,084	0
Acquisition of real estate through assumption of debt	0	69,659	0
Marketable securities transferred in connection with debt defeasance	0	536,590	0
Defeasance of mortgages payable	0	(505,473)	0
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents and restricted cash at end of period	$ 500,841	$ 140,186	$ 178,025

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Capitalized interest	$ 3,313	$ 3,926	$ 3,763
Urban Edge Properties LP
Capitalized interest	$ 3,313	$ 3,926	$ 3,763

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Urban Edge Properties (“UE”, “Urban Edge” or the “Company”) (NYSE: UE) is a Maryland real estate investment trust focused on managing, developing, redeveloping, and acquiring retail real estate in urban communities, primarily in the New York metropolitan area. Urban Edge Properties LP (“UELP” or the “Operating Partnership”) is a Delaware limited partnership formed to serve as UE’s majority-owned partnership subsidiary and to own, through affiliates, all of our real estate properties and other assets. Unless the context otherwise requires, references to “we”, “us” and “our” refer to Urban Edge Properties and UELP and their consolidated entities/subsidiaries. The Operating Partnership’s capital includes general and common limited partnership interests in the operating partnership (“OP Units”). As of December 31, 2018 , Urban Edge owned approximately 90.0% of the outstanding common OP Units with the remaining limited OP Units held by Vornado Realty L.P., members of management, our Board of Trustees and contributors of property interests acquired (“third-party unitholders”). Urban Edge serves as the sole general partner of the Operating Partnership. The third-party unitholders have limited rights over the Operating Partnership such that they do not have characteristics of a controlling financial interest. As such, the Operating Partnership is considered a variable interest entity (“VIE”), and the Company is the primary beneficiary which consolidates it. The Company’s only investment is the Operating Partnership. The VIE’s assets can be used for purposes other than the settlement of the VIE’s obligations and the Company’s partnership interest is considered a majority voting interest. As of December 31, 2018 , our portfolio consisted of 83 shopping centers, four malls and a warehouse park totaling approximately 16.3 million sf.

BASIS OF PRESENTATION AND PRINC

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION AND COMBINATION	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION AND COMBINATION	BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for annual financial information and with the instructions of Form 10-K. The consolidated financial statements as of and for the years ended December 31, 2018 , 2017 and 2016 reflect the consolidation of the Company, the Operating Partnership, wholly-owned subsidiaries and those entities in which we have a controlling financial interest. All intercompany transactions have been eliminated in consolidation. In accordance with ASC 205 Presentation of Financial Statements, the Company reclassified its Property rental and Tenant reimbursement income to Rental revenue on its consolidated statement of income for the years ended December 31, 2018, 2017, and 2016, respectively, as reflected in this Form 10-K. Additionally, in accordance with ASC 205, the Company reclassified Accounts payable and accrued expenses and Other liabilities to Accounts payable, accrued expenses and other liabilities on its consolidated balance sheets for the years ended December 31, 2018 and 2017, respectively, as reflected in this Form 10-K. Our primary business is the ownership, management, redevelopment, development and operation of retail shopping centers and malls. We do not distinguish our primary business or group our operations on a geographical basis for purposes of measuring performance. The Company’s chief operating decision maker reviews operating and financial information for each property on an individual basis and therefore, each property represents an individual operating segment. None of our tenants accounted for more than 10% of our revenue or property operating income. We aggregate all of our properties into one reportable segment due to their similarities with regard to the nature and economics of the properties, tenants and operations, as well as long-term average financial performance.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Real Estate — Real estate is carried at cost, net of accumulated depreciation and amortization. Expenditures for ordinary maintenance and repairs are expensed to operations as they are incurred. Significant renovations that improve or extend the useful lives of assets are capitalized. As real estate is undergoing redevelopment activities, all property operating expenses directly associated with and attributable to the redevelopment, including interest, are capitalized to the extent the capitalized costs of the property do not exceed the estimated fair value of the property when completed. If the cost of the redeveloped property, including the net book value of the existing property, exceeds the estimated fair value of redeveloped property, the excess is charged to impairment expense. The capitalization period begins when redevelopment activities are underway and ends when the project is substantially complete. Depreciation is recognized on a straight-line basis over estimated useful lives which range from 3 to 40 years. Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above and below-market leases, acquired in-place leases and tenant relationships) and acquired liabilities and we allocate the purchase price based on these assessments on a relative fair value basis. We assess fair value based on estimated cash flow projections utilizing appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We record acquired intangible assets (including acquired above-market leases, acquired in-place leases and tenant relationships) and acquired intangible liabilities (including below-market leases) at their estimated fair value. We amortize identified intangibles that have finite lives over the period they are expected to contribute directly or indirectly to the future cash flows of the property or business acquired. Our properties are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. If our estimates of the projected future cash flows, anticipated holding periods, or market conditions change, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses. Real Estate Held For Sale — When a real estate asset is identified by management as held for sale, we cease depreciation of the asset and estimate its fair value, net of estimated costs to sell. If the estimated fair value, net of estimated costs to sell, of an asset is less than its net carrying value, an adjustment is recorded to reflect the estimated fair value. During the year ended December 31, 2017 , we recognized a $3.5 million impairment charge on our property classified as held for sale in Eatontown, NJ. Refer to Note 4, Acquisitions and dispositions in Part II, Item 8. in this Annual Report on Form 10-K. Cash and Cash Equivalents — Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less and are carried at cost, which approximates fair value due to their short-term maturities. The majority of our cash and cash equivalents consists of (i) deposits at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation limit, (ii) United States Treasury Bills, and (iii) Certificate of Deposits placed through an Account Registry Service (“CDARS”). To date we have not experienced any losses on our invested cash. Restricted Cash — Restricted cash consists of security deposits and cash escrowed under loan agreements for debt service, real estate taxes, property insurance, tenant improvements, leasing commissions and capital expenditures. Accounts Receivable and Allowance for Doubtful Accounts — Accounts receivable includes unpaid amounts billed to tenants and accrued revenues for future billings to tenants for property expenses. We periodically evaluate the collectibility of amounts due from tenants and maintain an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under the lease agreements. We also maintain an allowance for receivables arising from the straight-lining of rents. These receivables arise from earnings recognized in excess of amounts currently due under the lease agreements. Management exercises judgment in establishing these allowances and considers payment history and current credit status in developing these estimates. Accounts receivable are written-off when they are deemed to be uncollectible and we are no longer actively pursuing collection. Deferred Leasing Costs — Deferred leasing costs include direct salaries, third-party fees and other costs incurred by us to originate a lease. Such costs are capitalized and amortized on a straight-line basis over the term of the related leases. Deferred Financing Costs — Deferred financing costs include fees associated with our revolving credit agreement. Such fees are amortized on a straight-line basis over the terms of the related revolving credit agreement as a component of interest expense, which approximates the effective interest rate method, in accordance with the terms of the agreement. No amounts have been drawn to date under the revolving credit agreement. Revenue Recognition — We have the following revenue sources and revenue recognition policies: • Rental revenue comprises revenue from property rentals and tenant expense reimbursements, as designated within tenant operating leases. ◦ Property Rentals: We generate revenue from minimum lease payments from tenant operating leases. These rents are recognized over the noncancelable terms of the related leases on a straight-line basis which includes the effects of rent steps and rent abatements under the leases in accordance with ASC 840 Leases . We satisfy our performance obligations over time, under the noncancelable lease term, commencing when the tenant takes possession of the leased space and the leased space is substantially ready for its intended use. In addition, in circumstances where we provide a lease incentive to tenants, we recognize the incentive as a reduction of rental revenue on a straight-line basis over the remaining term of the lease. The underlying leased asset remains on our consolidated balance sheet and continues to depreciate. In addition to minimum lease payments, certain rental income derived from our tenant leases is contingent and dependent on percentage rent. Percentage rents are earned by the Company in the event the tenant's gross sales exceed certain amounts. Terms of percentage rent are agreed upon in the tenant's lease and will vary based on the tenant's sales. ◦ Tenant expense reimbursements: In accordance with ASC 840, revenue arises from tenant leases, which provide for the recovery of all or a portion of the operating expenses, real estate taxes and capital improvements of the respective property. This revenue is accrued in the period the expenses are incurred. • Income from acquired leasehold interest: Income from acquired leasehold interest was revenue generated in connection with the write-off of an unamortized intangible liability balance related to the below-market ground lease as well as the balance of the straight-line receivable balance, upon acquisition of the leasehold interest of the property. This revenue was recognized in accordance with ASC 840. • Other Income: Other income is generated in connection with certain services provided to tenants for which we earn a fee. This revenue is recognized as the services are transferred in accordance with ASC 606, with the exception of lease termination fee income, which is recognized when received in accordance with ASC 840. • Management and development fees: We generate management and development fee income from contractual property management agreements with third parties. This revenue is recognized as the services are transferred in accordance with ASC 606. Noncontrolling Interests — Noncontrolling interests in consolidated subsidiaries represent the portion of equity that we do not own in those entities that we consolidate. We identify our noncontrolling interests separately within the equity section on the consolidated balance sheets. Noncontrolling interests in Operating Partnership include OP units and limited partnership interests in the Operating Partnership in the form of long-term incentive plan (“LTIP”) unit awards classified as equity. Variable Interest Entities — Certain entities that do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties, or which do not have the obligation to absorb expected losses, do not have the right to receive expected residual returns, or do not have the characteristics of a controlling financial interest qualify as VIEs. VIEs are required to be consolidated by their primary beneficiary. The primary beneficiary of a VIE has both the power to direct the activities that most significantly impact economic performance of the VIE and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The consolidated and financial statements reflect the consolidation of VIEs in which the Company is the primary beneficiary. Earnings Per Share and Unit — Basic earnings per common share and unit is computed by dividing net income attributable to common shareholders and unitholders by the weighted average common shares and units outstanding during the period. Unvested share-based payment awards that entitle holders to receive non-forfeitable dividends, such as our restricted stock awards, are classified as “participating securities.” Because the awards are considered participating securities, the Company and the Operating Partnership are required to apply the two-class method of computing basic and diluted earnings that would otherwise have been available to common shareholders and unitholders. Under the two-class method, earnings for the period are allocated between common shareholders and unitholders and other shareholders and unitholders, based on their respective rights to receive dividends. During periods of net loss, losses are allocated only to the extent the participating securities are required to absorb their share of such losses. Diluted earnings per common share and unit reflects the potential dilution of the assumed exercises of shares including stock options and unvested restricted shares to the extent they are dilutive. Share-Based Compensation — We grant stock options, LTIP units, OP units, deferred share units, restricted share awards and performance-based units to our officers, trustees and employees. The term of each award is determined by the compensation committee of our Board of Trustees (the “Compensation Committee”), but in no event can such term be longer than ten years from the date of grant. The vesting schedule of each award is determined by the Compensation Committee, in its sole and absolute discretion, at the date of grant of the award. Dividends are paid on certain shares of unvested restricted stock, which makes the restricted stock a participating security. Fair value is determined, depending on the type of award, using either the Black-Scholes option-pricing model or the Monte Carlo method, both of which are intended to estimate the fair value of the awards at the grant date. In using the Black-Scholes option-pricing model, expected volatilities and dividend yields are primarily based on available implied data and peer group companies’ historical data. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. Compensation expense for restricted share awards is based on the fair value of our common shares at the date of the grant and is recognized ratably over the vesting period. For grants with a graded vesting schedule or a cliff vesting schedule, we have elected to recognize compensation expense on a straight-line basis. Also included in Share-based compensation expense is the unrecognized compensation expense of awards issued under Vornado’s outperformance plan (“OPP”) prior to the separation for the Company’s employees who were previously Vornado employees. The OPP unrecognized compensation expense is recognized on a straight-line basis over the remaining life of the OPP awards issued. Share-based compensation expense is included in general and administrative expenses on the consolidated and statements of income. When the Company issues common shares as compensation, it receives a like number of common units from the Operating Partnership. Accordingly, the Company’s ownership in the Operating Partnership will increase based on the number of common shares awarded under our 2015 Omnibus Share Plan. As a result of the issuance of common units to the Company for share-based compensation, the Operating Partnership accounts for share-based compensation in the same manner as the Company. Income Taxes — Our two Puerto Rico malls are subject to income taxes which are based on estimated taxable income and are included in income tax expense in the consolidated statements of income. Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates in effect for the year in which these temporary differences are expected to be recovered or settled. Earnings and profits, which determine the taxability of dividends to shareholders, differs from net income reported for financial reporting purposes primarily because of differences in depreciable lives and cost bases of the malls, as well as other timing differences. Concentration of Credit Risk — A concentration of credit risk arises in our business when a national or regionally-based tenant occupies a substantial amount of space in multiple properties owned by us. In that event, if the tenant suffers a significant downturn in its business, it may become unable to make its contractual rent payments to us, exposing us to potential losses in rental revenue, expense recoveries, and percentage rent. Further, the impact may be magnified if the tenant is renting space in multiple locations. Generally, we do not obtain security from our national or regionally-based tenants in support of their lease obligations to us. We regularly monitor our tenant base to assess potential concentrations of credit risk. None of our tenants accounted for more than 10% of total revenues in the year ended December 31, 2018 . As of December 31, 2018 , The Home Depot was our largest tenant with seven stores which comprised an aggregate of 920,000 sf and accounted for approximately $22.6 million , or 5.5% of our total revenue for the year ended December 31, 2018 . Recently Issued Accounting Literature Effective January 1, 2018, we adopted (“ASU 2017-09”) Scope of Modification Accounting , which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting will not apply if the fair value, vesting conditions, and classification of the awards are the same immediately before and after the modification. We applied these amendments prospectively to awards modified on and after the adoption date. The adoption of this standard resulted in no impact to our consolidated financial statements. If we encounter a change to the terms or conditions of any of our share-based payment awards we will evaluate the need to apply modification accounting based on the new guidance. The general treatment for modifications of share-based payment awards is to record the incremental value arising from the change as additional compensation cost in the period of modification. Effective January 1, 2018, we adopted (“ASU 2017-05”) Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, to clarify the scope and accounting for derecognition of nonfinancial assets using the modified retrospective approach. ASU 2017-05 eliminated the guidance specific to real estate sales and partial sales of real estate. ASU 2017-05 defines “in-substance nonfinancial assets” and includes guidance on partial sales of nonfinancial assets. The adoption of this standard resulted in no material impact to our consolidated financial statements. Effective January 1, 2018, we adopted (“ASU 2014-09”) Revenue from Contracts with Customers to ASC Topic 606, which supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition. ASU 2014-09 requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. We adopted the standard using the modified retrospective approach which requires applying the new standard to all existing contracts not yet completed as of the effective date. We have completed our evaluation of the standard’s impact on our revenue sources. The adoption of this standard did not have a material impact on our consolidated financial statements. Effective for the fiscal period beginning January 1, 2019, we adopted (“ASU 2016-02”) Leases, which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). We initially applied the standard at the beginning of the period of adoption through the transition method issued by (“ASU 2018-11”) Leases: Targeted Improvements . The new standard requires lessees to apply a two-model approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. The new standard requires lessors to account for the leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. We have completed our evaluation of the standard’s impact on the Company’s consolidated financial statements and accounting policies. For purposes of transition, we did not elect the hindsight practical expedient but did elect the practical expedient package, which has been applied consistently to all of our leases. From a lessee perspective, the adoption will result in the recognition of a right-of-use ("ROU") asset and lease liability for 24 leases of approximately $100 million , which will be presented on our consolidated balance sheet beginning with the Quarterly Report on Form 10-Q for the period ending March 31, 2019. The standard's adoption will also impact the presentation of our consolidated income statement beginning with the Quarterly Report on Form 10-Q for the period ending March 31, 2019, due to accounting for the lease and non-lease components as a single lease component, which will be presented as "lease expense" on the consolidated statement of income. Prior to the adoption of ASC 842, related lease expense amounts were recognized within ground rent and general administrative expenses on the consolidated statement of income. From a lessor perspective, the adoption will also result in additional general and administrative expenses, attributable to internal leasing department costs not meeting the definition of initial direct costs under ASC 842. Capitalized internal leasing costs were $0.7 million for the year ended December 31, 2018. The adoption of this standard will also result in additional quantitative and qualitative footnote disclosures beginning with the Quarterly Report on Form 10-Q for the period ending March 31, 2019. Any other recently issued accounting standards or pronouncements not disclosed above have been excluded as they are not relevant to the Company or the Operating Partnership, or they are not expected to have a material impact on our consolidated financial statements.

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS During the year ended December 31, 2018 and December 31, 2017 , we closed on the following acquisitions: Date Purchased Property Name City State Square Feet Purchase Price (in thousands) January 26, 2018 938 Spring Valley Road Maywood NJ 2,000 $ 719 February 23, 2018 116 Sunrise Highway Freeport NY 4,750 447 February 28, 2018 197 West Spring Valley Ave Maywood NJ 16,300 2,799 May 24, 2018 7 Francis Place Montclair NJ 3,000 966 2018 Total $ 4,931 (1) January 4, 2017 Yonkers Gateway Center Yonkers NY — (2) $ 51,902 January 17, 2017 Shops at Bruckner Bronx NY 114,000 32,269 February 2, 2017 Hudson Mall Jersey City NJ 383,000 44,273 May 24, 2017 Yonkers Gateway Center Yonkers NY 437,000 (2) 101,825 May 24, 2017 The Plaza at Cherry Hill Cherry Hill NJ 413,000 53,535 May 24, 2017 Manchester Plaza Manchester MO 131,000 20,162 May 24, 2017 Millburn Gateway Center Millburn NJ 102,000 45,583 May 24, 2017 21 E Broad St / One Lincoln Plaza Westfield NJ 22,000 10,158 May 25, 2017 The Plaza at Woodbridge Woodbridge NJ 411,000 103,962 2017 Total $ 463,669 (1) (1) The total purchase prices for the properties acquired in the year ended December 31, 2018 and December 31, 2017 , respectively, include $0.1 million and $11.3 million of transaction costs incurred in relation to the transactions. (2) On January 4, 2017, we acquired fee and leasehold interests, including the lessor position under an operating lease for the whole property. On May 24, 2017, we purchased the remaining fee and leasehold interests not previously acquired, including the lessee position under the operating lease for the whole property. The properties purchased during the year ended December 31, 2018 are all adjacent to centers currently owned by the Company. Consideration for these purchases consisted of cash. On January 4, 2017 , we acquired fee and leasehold interests in Yonkers Gateway Center for $51.9 million . Consideration for this purchase consisted of the issuance of $48.8 million in OP units and $2.9 million of cash. The total number of OP units issued was 1.8 million at a value of $27.09 per unit. Transaction costs associated with this acquisition were $0.2 million . On January 17, 2017 , we acquired the leasehold interest in the Shops at Bruckner for $32.3 million , consisting of the assumption of the existing debt of $12.6 million and $19.4 million of cash. The property is a 114,000 sf retail center in the Bronx, NY directly across from our Bruckner Commons shopping center. We own the land under the Shops at Bruckner and had been leasing it to the seller under a ground lease that ran through September 2044. Concurrent with the acquisition, we wrote-off the unamortized intangible liability balance related to the below-market ground lease as well as the existing straight-line receivable balance. As a result, we recognized $39.2 million of income from acquired leasehold interest in the year ended December 31, 2017 . Transaction costs associated with this acquisition were $0.3 million . On February 2, 2017 , we acquired Hudson Mall, a 383,000 sf retail center in Jersey City, NJ adjacent to our existing Hudson Commons shopping center. Consideration for this purchase consisted of the assumption of the existing debt of $23.8 million and $19.9 million of cash. Transaction costs associated with this acquisition were $0.6 million . On May 24 and 25, 2017, we acquired the Portfolio comprising 1.5 million sf of gross leasable area, predominantly in the New York City metropolitan area, for $325 million excluding transaction costs. The Portfolio was privately owned for more than three decades and was 83% leased as of the date of acquisition. Consideration for this purchase consisted of the issuance of $122 million in OP units, the assumption of $33 million of existing mortgage debt, the issuance of $126 million of non-recourse, secured mortgage debt and $44 million of cash. The total number of OP units issued was 4.5 million at a value of $27.02 per unit. Transaction costs associated with this acquisition were $10.2 million . The aggregate purchase price of the above property acquisitions has been allocated as follows: Property Name Land Buildings and improvements Identified intangible assets (1) Identified intangible liabilities (1) Debt premium Total Purchase Price (in thousands) 938 Spring Valley Road $ 519 $ 200 $ — $ — $ — $ 719 116 Sunrise Highway 151 296 — — — 447 197 West Spring Valley Ave 1,768 1,031 — — — 2,799 7 Francis Place 381 585 — — — 966 2018 Total $ 2,819 $ 2,112 $ — $ — $ — $ 4,931 Yonkers Gateway Center $ 40,699 $ — $ 25,858 $ (14,655 ) $ — $ 51,902 Shops at Bruckner — 32,979 12,029 (12,709 ) (30 ) 32,269 Hudson Mall 15,824 37,593 9,930 (17,344 ) (1,730 ) 44,273 Yonkers Gateway Center 22,642 110,635 38,162 (68,694 ) (920 ) 101,825 The Plaza at Cherry Hill 14,602 33,666 7,800 (2,533 ) — 53,535 Manchester Plaza 4,409 13,756 3,256 (1,259 ) — 20,162 Millburn Gateway Center 15,783 25,387 5,360 (947 ) — 45,583 21 E Broad St / One Lincoln Plaza 5,728 4,305 679 (554 ) — 10,158 The Plaza at Woodbridge 21,547 75,017 11,596 (4,198 ) — 103,962 2017 Total $ 141,234 $ 333,338 $ 114,670 $ (122,893 ) $ (2,680 ) $ 463,669 (1) As of December 31, 2018 , the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired in 2017 were 16.9 years and 15.1 years, respectively. As of December 31, 2017 , the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired in 2017 were 17.9 years and 16.6 years, respectively. As of December 31, 2018, we were under contract to purchase an office building in Maywood, NJ, adjacent to our existing center, Bergen Town Center. The building is subject to a ground lease, which the Company will acquire the lessee position of for a purchase price of $7.1 million . The transaction is scheduled to close by the end of 2019. Dispositions On April 26, 2018 , we completed the sale of our property in Allentown, PA, which was previously classified as held for sale, for $54.3 million , net of selling costs. As a result of this transaction, we recognized a $50.4 million gain on sale of real estate during the year ended December 31, 2018 . On July 5, 2018 , we completed the sale of land in Cherry Hill, NJ for $3.3 million , net of selling costs, resulting in a gain of $2.2 million . On June 30, 2017, we completed the sale of our property previously classified as held for sale in Eatontown, NJ, for $4.8 million , net of selling costs. Prior to the sale, the book value of this property exceeded its estimated fair value less costs to sell, and as such, an impairment charge of $3.5 million was recognized in the year ended December 31, 2017. Our determination of fair value was based on the executed contract of sale with the third-party buyer. On September 8, 2017, we completed the sale of excess land in Kearny, NJ for $0.3 million , resulting in a gain of $0.2 million .

IDENTIFIED INTANGIBLE ASSETS AN

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES	IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES The following table summarizes our identified intangible assets and liabilities: (Amounts in thousands) December 31, 2018 December 31, 2017 In-place leases $ 75,454 $ 88,355 Accumulated amortization (24,713 ) (21,557 ) Below-market ground leases (1) 23,730 23,730 Accumulated amortization (11,791 ) (10,819 ) Above-market leases 7,129 7,356 Accumulated amortization (2,565 ) (1,228 ) Other intangible assets 1,635 1,635 Accumulated amortization (457 ) (223 ) Identified intangible assets, net of accumulated amortization 68,422 87,249 Below-market leases 209,316 246,791 Accumulated amortization (65,058 ) (65,832 ) Identified intangible liabilities, net of accumulated amortization $ 144,258 $ 180,959 (1) Intangible assets related to below-market leases where the Company is a lessee under a ground lease. Amortization of acquired below-market leases, net of acquired above-market leases resulted in additional rental income of $34.0 million , $9.5 million , and $7.8 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. Amortization of acquired in-place leases and customer relationships resulted in additional depreciation and amortization expense of $15.1 million , $9.3 million , $2.0 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. Certain shopping centers are subject to ground leases or ground and building leases. Amortization of these acquired below-market leases resulted in additional rent expense of $1.0 million for each of the years ended December 31, 2018 , 2017 and 2016 , respectively. The following table sets forth the estimated annual amortization expense related to intangible assets and liabilities for the five succeeding years commencing January 1, 2019: (Amounts in thousands) Below-Market Above-Market Below-Market Year Operating Lease Income Operating Lease Expense In-Place Leases Ground Leases 2019 $ 10,005 $ 1,289 $ 7,431 $ 972 2020 9,837 1,014 6,194 972 2021 9,699 807 4,982 622 2022 9,622 433 4,049 590 2023 9,575 327 3,717 590

MORTGAGES PAYABLE

MORTGAGES PAYABLE	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
MORTGAGES PAYABLE	MORTGAGES PAYABLE The following is a summary of mortgages payable as of December 31, 2018 and December 31, 2017 . Interest Rate at December 31, December 31, (Amounts in thousands) Maturity December 31, 2018 2018 2017 First mortgages secured by: Variable rate Cherry Hill (Plaza at Cherry Hill) (1) 5/24/2022 3.95% $ 28,930 $ 28,930 Westfield (One Lincoln Plaza) (1) 5/24/2022 3.95% 4,730 4,730 Woodbridge (Plaza at Woodbridge) (1) 5/25/2022 3.95% 55,340 55,340 Jersey City (Hudson Commons) (2) 11/15/2024 4.25% 29,000 29,000 Watchung (2) 11/15/2024 4.25% 27,000 27,000 Bronx (1750-1780 Gun Hill Road) (2) 12/1/2024 4.25% 24,500 24,500 Total variable rate debt 169,500 169,500 Fixed rate Montehiedra (senior loan) 7/6/2021 5.33% 84,860 86,236 Montehiedra (junior loan) 7/6/2021 3.00% 30,000 30,000 Bergen Town Center - West, Paramus 4/8/2023 3.56% 300,000 300,000 Bronx (Shops at Bruckner) 5/1/2023 3.90% 11,582 12,162 Jersey City (Hudson Mall) (5) 12/1/2023 5.07% 24,326 25,004 Yonkers Gateway Center (6) 4/6/2024 4.16% 31,704 33,227 Las Catalinas 8/6/2024 4.43% 130,000 130,000 Brick 12/10/2024 3.87% 50,000 50,000 North Plainfield 12/10/2025 3.99% 25,100 25,100 Middletown 12/1/2026 3.78% 31,400 31,400 Rockaway 12/1/2026 3.78% 27,800 27,800 East Hanover (200 - 240 Route 10 West) 12/10/2026 4.03% 63,000 63,000 North Bergen (Tonnelle Ave) (4) 4/1/2027 4.18% 100,000 100,000 Manchester 6/1/2027 4.32% 12,500 12,500 Millburn 6/1/2027 3.97% 24,000 24,000 Totowa 12/1/2027 4.33% 50,800 50,800 Woodbridge (Woodbridge Commons) 12/1/2027 4.36% 22,100 22,100 East Brunswick 12/6/2027 4.38% 63,000 63,000 East Rutherford 1/6/2028 4.49% 23,000 23,000 Hackensack 3/1/2028 4.36% 66,400 66,400 Marlton 12/1/2028 3.86% 37,400 37,400 East Hanover Warehouses 12/1/2028 4.09% 40,700 40,700 Union (2445 Springfield Ave) 12/10/2028 4.01% 45,600 45,600 Freeport (Freeport Commons) 12/10/2029 4.07% 43,100 43,100 Garfield 12/1/2030 4.14% 40,300 40,300 Mt Kisco (3) 11/15/2034 6.40% 13,987 14,451 Englewood (7) — —% — 11,537 Total fixed rate debt 1,392,659 1,408,817 Total mortgages payable 1,562,159 1,578,317 Unamortized debt issuance costs (11,917 ) (13,775 ) Total mortgages payable, net of unamortized debt issuance costs $ 1,550,242 $ 1,564,542 (1) Bears interest at one month LIBOR plus 160 bps. (2) Bears interest at one month LIBOR plus 190 bps. (3) The mortgage payable balance on the loan secured by Mount Kisco (Target) includes $1.0 million of unamortized debt discount as of both December 31, 2018 and December 31, 2017 , respectively. The effective interest rate including amortization of the debt discount is 7.30% as of December 31, 2018 . (4) On March 29, 2017, we refinanced the $74 million , 4.59% mortgage loan secured by our Tonnelle Commons property in North Bergen, NJ, increasing the principal balance to $100 million with a 10 -year fixed rate mortgage, at 4.18% . As a result, we recognized a loss on extinguishment of debt of $1.3 million during the year ended December 31, 2017 , comprised of a $1.1 million prepayment penalty and write-off of $0.2 million of unamortized deferred financing fees on the original loan. (5) The mortgage payable balance on the loan secured by Hudson Mall includes $1.2 million and $1.5 million of unamortized debt premium as of December 31, 2018 and December 31, 2017 , respectively. The effective interest rate including amortization of the debt premium is 3.88% as of December 31, 2018 . (6) The mortgage payable balance on the loan secured by Yonkers Gateway Center includes $0.7 million and $0.8 million of unamortized debt premium as of both December 31, 2018 and December 31, 2017 , respectively. The effective interest rate including amortization of the debt premium is 3.71% as of December 31, 2018 . (7) On January 31, 2018 , our property in Englewood, NJ was sold at a foreclosure sale and on February 23, 2018 , the court order was received approving the sale and discharging the receiver of all assets and liabilities related to the property. The net carrying amount of real estate collateralizing the above indebtedness amounted to approximately $1.3 billion as of December 31, 2018 . Our mortgage loans contain covenants that limit our ability to incur additional indebtedness on these properties and in certain circumstances require lender approval of tenant leases and/or yield maintenance upon repayment prior to maturity. As of December 31, 2018 , we were in compliance with all debt covenants. During 2017, our property in Englewood, NJ was transferred to a receiver. On January 31, 2018 , our property in Englewood, NJ was sold at a foreclosure sale and on February 23, 2018 , the court order was received approving the sale and discharging the receiver of all assets and liabilities related to the property. We recognized a gain on extinguishment of debt of $2.5 million as a result of the forgiveness of outstanding mortgage debt of $11.5 million , which is included in the consolidated statement of income for the year ended December 31, 2018 . As of December 31, 2018 , the principal repayments for the next five years and thereafter are as follows: (Amounts in thousands) Year Ending December 31, 2019 $ 4,239 2020 7,567 2021 123,211 2022 100,896 2023 344,423 2024 274,370 Thereafter 707,453 On January 15, 2015, we entered into a $500 million Revolving Credit Agreement (the “Agreement”) with certain financial institutions. On March 7, 2017 , we amended and extended the Agreement. The amendment increased the credit facility size by $100 million to $600 million and extended the maturity date to March 7, 2021 with two six -month extension options. Borrowings under the Agreement are subject to interest at LIBOR plus 1.10% to 1.55% and an annual facility fee of 15 to 35 basis points. Both the spread over LIBOR and the facility fee are based on our current leverage ratio and are subject to increase if our leverage ratio increases above predefined thresholds. The Agreement contains customary financial covenants including a maximum leverage ratio of 60% and a minimum fixed charge coverage ratio of 1.5x . No amounts have been drawn to date under the Agreement. Based on our current leverage ratio as of December 31, 2018 , our borrowing rate is LIBOR plus 1.15% and our annual facility fee is 0.20% . Financing fees associated with the Agreement of $2.2 million and $3.2 million as of December 31, 2018 and December 31, 2017, respectively, are included in deferred financing fees, net in the consolidated balance sheets.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company elected to be taxed as a REIT under sections 856-860 of the Internal Revenue Code of 1986, as amended (the “Code”), commencing with the filing of its 2015 tax return for its tax year ended December 31, 2015. With exception to the Company’s taxable REIT subsidiary (“TRS”), to the extent the Company meets certain requirements under the Code, the Company will not be taxed on its federal taxable income. If we fail to qualify as a REIT for any taxable year, we will be subject to federal income taxes at regular corporate rates (including any alternative minimum tax, which, for corporations, was repealed under the TCJA (defined below) for tax years beginning after December 31, 2017) and may not be able to qualify as a REIT for the four subsequent taxable years. In addition to its TRS, the Company is subject to certain foreign and state and local income and taxes, including a 29% non-resident withholding tax on its two Puerto Rico malls, which are included in income tax expense in the consolidated statements of income. The Company is also subject to certain other taxes, including state and local franchise taxes which are included in general and administrative expenses in the consolidated statements of income. On December 22, 2017, the Tax Cuts and Jobs Act (the "Act") was signed into law. The Act amends the Internal Revenue Code to reduce tax rates and modify policies, credits, and deductions for individuals and businesses. Effective January 1, 2018, for businesses, the Act reduces the corporate tax rate from a maximum of 35% to a flat 21% rate. Since UE has elected to qualify as a REIT under sections 856-860 of the Internal Revenue Code with intent to distribute 100% of its taxable income and did not have any activities in a Taxable REIT Subsidiary (“TRS”) prior to January 1, 2018, there was no impact to the Company’s financial statements. The Company satisfied its REIT distribution requirement by distributing $0.88 per common share in 2018. The taxability of such dividends are as follows: Year Ended December 31, 2018 2017 2016 Dividend paid per share $ 0.88 $ 0.88 $ 0.82 Ordinary income 100 % 58 % 100 % Return of capital — % — % — % Capital gains — % 42 % — % The REIT and the other minority members are partners in the Operating Partnership. As such, the partners are required to report their share of taxable income on their tax returns. On December 31, 2017, the Company elected, for tax purposes, to treat the wholly-owned limited partnership that held its Allentown property as a taxable REIT subsidiary (“TRS”). A TRS is a corporation, other than a REIT, in which we directly or indirectly hold stock, which has made a joint election with us to be treated as a TRS under Section 856(l) of the Code. A TRS is required to pay regular U.S. federal income tax, and state and local income tax where applicable, as a non-REIT “C” corporation. The Allentown legal entity restructuring resulted in a capital gain recognized for tax purposes in 2017 and a step up in tax basis to the Allentown property resulting in no capital gains recognized for tax purposes in 2018 upon the property’s sale on April 26, 2018 . The Company’s consolidated financial statements for the year ended December 31, 2018 reflect the TRS’ federal and state corporate income taxes associated with the operating activities at the TRS. The tax expense recorded in association with the operating activities of the TRS was $0.2 million for the year ended December 31, 2018 . Our two Puerto Rico malls are subject to a 29% non-resident withholding tax which is included in income tax expense in the consolidated statements of income. The Puerto Rico tax expense recorded was $3.3 million and $0.8 million for the years ended December 31, 2018 and December 31, 2016, respectively. For the year ended December 31, 2017, the Puerto Rico tax benefit recorded was $0.3 million . Both properties are held in a special partnership for Puerto Rico tax reporting purposes (the general partner being a qualified REIT subsidiary or “QRS”). Income tax expense (benefit) consists of the following: Year Ended December 31, (Amounts in thousands) 2018 2017 2016 Income tax expense (benefit): Current: U.S. federal income tax $ 154 $ — $ — U.S. state and local income tax 101 22 — Puerto Rico income tax 560 674 609 Total current 815 696 609 Deferred: Puerto Rico income tax 2,704 (974 ) 195 Total deferred 2,704 (974 ) 195 Total income tax expense (benefit) $ 3,519 $ (278 ) $ 804 A net deferred tax liability of $5.5 million is included in our consolidated balance sheet within Accounts payable, accrued expenses and other liabilities as of December 31, 2018 , comprised of temporary differences related to our two Puerto Rico properties, which have resulted in a deferred tax liability of $6.6 million offset by a deferred tax asset of $1.1 million . The deferred tax liability of $6.6 million is comprised of $4.5 million of tax depreciation in excess of GAAP depreciation, $1.9 million straight-line rents and $0.2 million of amortization of acquired leases not recorded for tax purposes. The deferred tax asset of $1.1 million is comprised of $0.5 million of insurance receivables recorded for tax purposes, $0.1 million of amortization of deferred financing fees not recorded for tax purposes and $0.5 million excess of bad debt expense for tax purposes. No valuation allowance has been recorded against the Company’s deferred tax assets because the Company believes that the deferred tax assets will, more likely than not, be realized. This determination is based on the Company’s anticipated future taxable income and the reversal of the deferred tax assets. The temporary differences resulting from activity during the years ended December 31, 2018 , 2017 , and 2016 is recorded within Income tax expense on the consolidated statements of income. Below is a table summarizing the net deferred income tax liability balance as of December 31, 2018 and 2017 : (Amounts in thousands) Balance at January 1, 2017 $ (3,802 ) Change in deferred tax assets: Depreciation (312 ) Amortization of deferred financing costs (46 ) Provision for doubtful accounts 514 Insurance claims receivable 501 Change in deferred tax liabilities: Depreciation 102 Straight-line rent 207 Amortization of acquired leases 8 Balance at December 31, 2017 (2,828 ) Change in deferred tax assets: Amortization of deferred financing costs (46 ) Provision for doubtful accounts (200 ) Insurance claims receivable (42 ) Charitable contribution 5 Change in deferred tax liabilities: Depreciation (2,261 ) Straight-line rent (181 ) Amortization of acquired leases 21 Balance at December 31, 2018 $ (5,532 ) We record uncertain tax positions in accordance with ASC 740 Income Taxes on the basis of a two-step process whereby (i) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (ii) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. The Company has not recorded any uncertain tax positions for tax year 2018. The Operating Partnership is organized as a limited partnership and is generally not subject to federal income tax. Accordingly, no provision for federal income taxes has been reflected in the accompanying consolidated financial statements outside of the Company’s TRS activities.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS ASC 820, Fair Value Measurement and Disclosures defines fair value and establishes a framework for measuring fair value. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). ASC 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 - quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 - observable prices based on inputs not quoted in active markets, but corroborated by market data; and Level 3 - unobservable inputs used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as consider counterparty credit risk in our assessment of fair value. Financial Assets and Liabilities Measured at Fair Value on a Recurring or Non-Recurring Basis There were no financial assets or liabilities measured at fair value on a recurring or non-recurring basis as of December 31, 2018 and December 31, 2017 . Financial Assets and Liabilities not Measured at Fair Value Financial assets and liabilities that are not measured at fair value on the consolidated balance sheets include cash and cash equivalents and mortgages payable. Cash and cash equivalents are carried at cost, which approximates fair value. The fair value of mortgages payable is calculated based on current market prices and discounted cash flows at the current rate at which similar loans would be made to borrowers with similar credit ratings for the remaining term of such debt. The fair value of cash and cash equivalents is classified as Level 1 and the fair value of mortgages payable is classified as Level 2. The table below summarizes the carrying amounts and fair value of these financial instruments as of December 31, 2018 and December 31, 2017 . As of December 31, 2018 As of December 31, 2017 (Amounts in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents $ 440,430 $ 440,430 $ 490,279 $ 490,279 Liabilities: Mortgages payable (1) $ 1,562,159 $ 1,543,963 $ 1,578,317 $ 1,579,839 (1) Carrying amounts exclude unamortized debt issuance costs of $11.9 million and $13.8 million as of December 31, 2018 and December 31, 2017 , respectively. The following market spreads were used by the Company to estimate the fair value of mortgages payable: December 31, 2018 December 31, 2017 Low High Low High Mortgages payable 1.7% 1.9% 1.7% 2.1% Nonfinancial Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis We assess the carrying value of our properties for impairment, when events or changes in circumstances indicate that the carrying value may not be recoverable. During the year ended December 31, 2018 , we recognized a $3.1 million impairment charge on our property in Salem, NH as a result of the loss of the anchor tenant at the property. The valuation of our property in Salem, NH was based on comparable property transactions in the property’s surrounding area. We also recognized a $2.5 million impairment charge on our property in West Babylon, NY. The fair value for our property in West Babylon, NY was based on an executed contract with a third-party buyer less costs to sell. The Company believes the inputs utilized to measure these fair values were reasonable in the context of applicable market conditions, however due to the significance of the unobservable inputs in the overall fair value measures, including market conditions and expectations for growth, the Company determined that such fair value measurements are classified as Level 3. The impairment charges are included as an expense under casualty and impairment loss, net on our consolidated statements of income for the year ended December 31, 2018 .

LEASES

LEASES	12 Months Ended
	Dec. 31, 2018
Leases [Abstract]
LEASES	LEASES As Lessor We lease space to tenants under operating leases which expire from 2019 to 2072 . The leases provide for the payment of fixed base rents payable monthly in advance as well as reimbursements of real estate taxes, insurance and maintenance costs. Retail leases may also provide for the payment by the lessee of additional rents based on a percentage of their sales. Future base rental revenue under these non-cancelable operating leases is as follows: (Amounts in thousands) Year Ending December 31, 2019 $ 256,598 2020 235,652 2021 216,247 2022 198,449 2023 176,282 Thereafter 986,865 These future minimum amounts do not include additional rents based on a percentage of tenants’ sales and tenant expense reimbursements. For the years ended December 31, 2018 , 2017 and 2016 , rental revenue from percentage rent was $2.0 million , $1.2 million , and $0.8 million , respectively. For the years ended December 31, 2018 , 2017 and 2016 , rental revenue from tenant expense reimbursements was $108.7 million , $99.1 million , and $84.9 million , respectively. As Lessee We are a tenant under long-term ground leases or ground and building leases for certain of our properties. We are also a tenant under leases pertaining to office space from which we conduct our business. Lease expirations range from 2019 to 2061 . Future lease payments under these agreements are as follows: (Amounts in thousands) Year Ending December 31, 2019 $ 10,640 2020 9,614 2021 8,957 2022 8,982 2023 8,850 Thereafter 85,535

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES There are various legal actions against us in the ordinary course of business. In our opinion, after consultation with legal counsel, the outcome of such matters will not have a material adverse effect on our financial condition, results of operations or cash flows. Redevelopment As of December 31, 2018 , we had approximately $196.5 million of active development, redevelopment and anchor repositioning projects underway, of which $50.5 million remains to be funded. Based on current plans and estimates, we anticipate the remaining amounts will be expended over the next two years. Insurance The Company maintains (i) general liability insurance with limits of $200 million for properties in the U.S. and Puerto Rico and (ii) all-risk property insurance with limits of $500 million per occurrence and in the aggregate for properties in the U.S. and $139 million for properties in Puerto Rico, subject to the terms, conditions, exclusions, deductibles and sub-limits when applicable for certain perils such as floods and earthquakes and (iii) numerous other insurance policies including trustees’ and officers’ insurance, workers’ compensation and automobile-related liabilities insurance. The Company’s insurance includes coverage for acts of terrorism but excludes coverage for nuclear, biological, chemical or radiological terrorism events as defined by the Terrorism Risk Insurance Program Reauthorization Act, which expires in December 2020. In addition, the Company maintains coverage for certain cybersecurity losses with limits of $5 million per occurrence and in the aggregate providing first and third-party coverage including network interruption, event management, cyber extortion and claims for media content, security and privacy liability. Insurance premiums are typically charged directly to each of the retail properties and warehouses but not all of the cost of such premiums are recovered. The Company is responsible for deductibles, losses in excess of insurance coverage, and the portion of premiums not reimbursable by tenants at our properties, which could be material. We continue to monitor the state of the insurance market and the scope and costs of coverage for acts of terrorism. However, we cannot anticipate what coverage will be available on commercially reasonable terms in the future and expect premiums across most property coverage lines to increase in light of recent events. The incurrence of uninsured losses, costs or uncovered premiums could materially and adversely affect our business, results of operations and financial condition. Certain of our loans and other agreements contain customary covenants requiring the maintenance of insurance coverage. Although we believe that we currently have adequate insurance coverage for purposes of these agreements, we may not be able to obtain an equivalent amount of coverage at reasonable costs in the future. If lenders or other counterparties insist on greater coverage than we are able to obtain, such requirement could materially and adversely affect our ability to finance our properties and expand our portfolio. Hurricane-Related Charges On September 20, 2017, Hurricane Maria made landfall, damaging our two properties in Puerto Rico. During the year ended December 31, 2017, the Company incurred a $2.2 million charge reflecting the net book value of assets damaged and incurred $1.7 million of hurricane-related expenses, included in casualty and impairment loss, net on the accompanying consolidated statements of income. During the year ended December 31, 2018 , the Company received $1.5 million in casualty insurance proceeds, which were partially offset by $0.3 million of hurricane-related costs, resulting in net casualty gains of $1.2 million included in casualty and impairment loss, net on the accompanying consolidated statements of income. During the year ended December 31, 2018 , the Company recognized $0.3 million of business interruption losses, comprised of $0.7 million of rent abatements due to tenants that had not reopened since the hurricane, recorded as a reduction of rental revenue, offset by a $0.4 million reversal to provision for doubtful accounts for payments received from tenants on rents previously reserved. During the year ended December 31, 2017 , the Company recognized $2.2 million of business interruption losses, net of $1.8 million in cash advances received from its insurance carrier. Losses of $0.9 million pertained to rent abatements when the malls were closed or inoperable as a result of the hurricane, recorded as a reduction of rental revenue, and $1.3 million was recorded as a provision for doubtful accounts for unpaid rents. No determination has been made as to the total amount or timing of additional insurance payments that may be received as a result of the hurricane. Environmental Matters Each of our properties has been subjected to varying degrees of environmental assessment at various times. Based on these assessments, we have accrued costs of $1.7 million and $1.2 million on our consolidated balance sheets as of December 31, 2018 and December 31, 2017 , respectively, for remediation costs for environmental contamination at certain properties. While this accrual reflects our best estimates of the potential costs of remediation at these properties, there can be no assurance that the actual costs will not exceed these amounts. During the year ended December 31, 2018 , the Company recognized $0.6 million of environmental remediation costs included in property operating expenses on the consolidated statements of income. Although we are not aware of any other material environmental contamination, there can be no assurance that the identification of new areas of contamination, changes in the extent or known scope of contamination, the discovery of additional sites, or changes in cleanup requirements would not result in significant costs to us. Bankruptcies Although our base rent is supported by long-term leases, leases may be rejected in a bankruptcy proceeding and the related tenant stores may permanently vacate prior to lease expiration. In the event a tenant with a significant number of leases in our shopping centers files for bankruptcy and rejects its leases with us, we could experience a reduction in our revenues. We monitor the operating performance and rent collections of all tenants in our shopping centers, especially those tenants in arrears or operating retail formats that are experiencing significant changes in competition, business practice, or store closings in other locations During the year ended December 31, 2018 , Toys “R” Us, Sears, Fallas, and National Wholesale Liquidators filed for Chapter 11 bankruptcy protection. During September 2017, Toys “R” Us filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code and announced an orderly wind-down of its U.S. business and liquidation of all U.S. stores on March 15, 2018. Prior to the liquidation, the Company had leases with Toys “R” Us at nine locations with annual rental revenue of $7.6 million . The status of the Toys “R” Us leases is as follows: • The Company paid $15.5 million to recapture the leases at Hudson Mall in Jersey City, NJ in July 2018 and Bruckner Commons in the Bronx, NY in September 2018 to accelerate the redevelopment of these properties. The previous rents were well under-market. • Raymour & Flanigan acquired the lease at Manalapan Commons in Manalapan, NJ in July 2018. • Toys “R” Us rejected its leases in Woodbridge, NJ, Union, NJ, Amherst, NY and Wilkes-Barre, PA in July 2018 and Cherry Hill, NJ and Salem, NH in October 2018. Annual gross rent on these leases amounted to approximately $5.7 million . The Company is in active discussions to lease these spaces. In connection with the Toys “R” Us bankruptcy, the Company recognized a write-off of $21.6 million of below-market intangible liabilities (classified within rental revenue), $15.5 million of lease termination payments (classified within property operating expense) and a $1.0 million write-off of reserves on receivables from straight-line rents in the year ended December 31, 2018 . Fallas filed for Chapter 11 bankruptcy protection on August 6, 2018. Prior to the tenant vacating, the Company had one lease with Fallas at the Shops at Bruckner in the Bronx, NY comprising approximately 38,000 sf which generated $1.4 million in annual rental revenue. In connection with the bankruptcy, the Company recognized a write-off of $0.8 million of below-market intangible liabilities (classified within rental revenue) in the year ended December 31, 2018 . The Company is currently exploring leasing alternatives for this space. Sears filed for Chapter 11 bankruptcy protection on October 15, 2018. The Company has four Kmart leases with Sears comprising approximately 547,000 sf, which generate $8.5 million in annual gross rents, including tenant reimbursement income. Sears recently announced a $5.2 billion deal for ESL. Kmart closed its stores at Las Catalinas in Puerto Rico and in Huntington, NY at the end of January 2019; however, rents have been paid on all four Kmart locations through February 2019 and it is not clear whether ESL will attempt to assume or reject these leases. The Company is monitoring the proceedings and considering its alternatives. National Wholesale Liquidators filed for Chapter 11 bankruptcy protection on October 24, 2018. The Company had one lease with National Wholesale Liquidators in Lodi, NJ comprising approximately 171,000 sf, which generated $3.1 million in annual rental revenue. This lease was rejected and returned to us on November 30, 2018. In connection with the bankruptcy, the Company recorded a $0.8 million write-off of reserves on receivables from straight-line rents in the year ended December 31, 2018 . The Company is currently exploring leasing alternatives, including mixed-use development at this property.

PREPAID EXPENSES AND OTHER ASSE

PREPAID EXPENSES AND OTHER ASSETS	12 Months Ended
	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER ASSETS	PREPAID EXPENSES AND OTHER ASSETS The following is a summary of the composition of the prepaid expenses and other assets in the consolidated balance sheets: Balance at (Amounts in thousands) December 31, 2018 December 31, 2017 Other assets $ 2,615 $ 3,771 Real estate held for sale — 3,285 Deposits for acquisitions 150 406 Prepaid expenses: Real estate taxes 6,911 7,094 Insurance 2,509 2,793 Rent, licenses/fees 783 1,210 Total Prepaid expenses and other assets $ 12,968 $ 18,559

ACCOUNTS PAYABLE, ACCRUED EXPEN

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES	ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES The following is a summary of the composition of accounts payable, accrued expenses and other liabilities in the consolidated balance sheets: Balance at (Amounts in thousands) December 31, 2018 December 31, 2017 Deferred tenant revenue $ 28,697 $ 28,663 Accrued capital expenditures and leasing costs 29,754 18,024 Accrued interest payable 8,950 9,018 Deferred ground rent expense 7,070 6,499 Accrued payroll expenses 5,747 5,692 Security deposits 5,396 5,272 Deferred tax liability, net 5,532 2,828 Other liabilities and accrued expenses 7,371 8,770 Total accounts payable, accrued expenses and other liabilities $ 98,517 $ 84,766

INTEREST AND DEBT EXPENSE

INTEREST AND DEBT EXPENSE	12 Months Ended
	Dec. 31, 2018
Other Income and Expenses [Abstract]
INTEREST AND DEBT EXPENSE	13. INTEREST AND DEBT EXPENSE The following table sets forth the details of interest and debt expense: Year Ended December 31, (Amounts in thousands) 2018 2017 2016 Interest expense $ 61,989 $ 53,342 $ 49,051 Amortization of deferred financing costs 2,879 2,876 2,830 Total Interest and debt expense $ 64,868 $ 56,218 $ 51,881

EQUITY AND NONCONTROLLING INTER

EQUITY AND NONCONTROLLING INTEREST	12 Months Ended
	Dec. 31, 2018
Noncontrolling Interest [Abstract]
EQUITY AND NONCONTROLLING INTEREST	EQUITY AND NONCONTROLLING INTEREST At-The-Market Program In 2016, the Company established an at-the-market (“ATM”) equity program, pursuant to which the Company may offer and sell from time to time its common shares, par value $0.01 per share, with an aggregate gross sales price of up to $250.0 million through a consortium of broker dealers acting as sales agents. As of December 31, 2018 , $241.3 million of common shares remained available for issuance under this ATM equity program and there were no common shares issued under the ATM equity program during the year ended December 31, 2018 and 2017 , respectively. Actual future sales will depend on a variety of factors including, but not limited to, market conditions, the trading price of our common shares and our capital needs. We have no obligation to sell the remaining shares available under the active ATM equity program. Units of the Operating Partnership An equivalent number of common units were issued by the Operating Partnership to the Company in connection with the Company’s issuance of common shares of beneficial interest, as discussed above. The Operating Partnership’s capital includes general and common limited partnership interests in the operating partnership (“OP Units”). As of December 31, 2018 , Urban Edge owned approximately 90.0% of the outstanding common OP Units with the remaining limited OP Units held by Vornado Realty L.P., members of management, our Board of Trustees and contributors of property interests acquired. Urban Edge serves as the sole general partner of the Operating Partnership. The third party unitholders have limited rights over the Operating Partnership such that they do not have characteristics of a controlling financial interest. As such, the Operating Partnership is considered a variable interest entity (“VIE”), and the Company is the primary beneficiary which consolidates it. The Company’s only investment is the Operating Partnership. The VIE’s assets can be used for purposes other than the settlement of the VIE’s obligations and the Company’s partnership interest is considered a majority voting interest. Dividends and Distributions During the years ended December 31, 2018 and 2017 , the Company declared common stock dividends and OP unit distributions of $0.88 per share/unit in the aggregate. We have a Dividend Reinvestment Plan (the “DRIP”), whereby shareholders may use their dividends to purchase shares. During the years ended December 31, 2018 , 2017 and 2016 , 8,419 , 12,788 and 12,564 shares were issued under the DRIP, respectively. Noncontrolling Interests in Operating Partnership Redeemable noncontrolling interests reflected on the consolidated balance sheets of the Company are comprised of OP units and limited partnership interests in the Operating Partnership in the form of LTIP unit awards. In connection with the separation from Vornado Realty L.P. (“VRLP”), the Company issued 5.7 million OP units, which represented a 5.4% interest in the Operating Partnership, to VRLP in exchange for interests in VRLP properties contributed by VRLP. As of December 31, 2018 , VRLP held an interest of 4.5% in the Operating Partnership. LTIP unit awards were granted to certain executives pursuant to our 2015 Omnibus Share Plan (the “Omnibus Share Plan”) and our 2018 Inducement Equity Plan (the “Inducement Plan”). OP units were issued to contributors in exchange for their property interests in connection with the Company’s property acquisitions in 2017. The total of the OP units and LTIP units represent a 10.1% weighted-average interest in the Operating Partnership for the year ended December 31, 2018 . Holders of outstanding vested LTIP units may, from and after two years from the date of issuance, redeem their LTIP units for cash, or for the Company’s common shares on a one -for-one basis, solely at our election. Holders of outstanding OP units may, at a determinable date, redeem their units for cash or the Company’s common shares on a one -for-one basis, solely at our election. Noncontrolling Interest in Consolidated Subsidiaries The noncontrolling interest relates to the 5% interest held by others in our property in Walnut Creek, CA (Mount Diablo). The net income attributable to noncontrolling interest is presented separately in our consolidated statements of income.

EARNINGS PER SHARE AND UNIT

EARNINGS PER SHARE AND UNIT	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE AND UNIT	EARNINGS PER SHARE AND UNIT Urban Edge Earnings per Share We have calculated earnings per share (“EPS”) under the two-class method. The two-class method is an earnings allocation methodology whereby EPS for each class of Urban Edge common shares and participating securities is calculated according to dividends declared and participating rights in undistributed earnings. Restricted shares issued pursuant to our share-based compensation program are considered participating securities, and as such have non-forfeitable rights to receive dividends. The computation of diluted EPS reflects potential dilution of securities by adding potential common shares, including stock options and unvested restricted shares, to the weighted average number of common shares outstanding for the period. For the year ended December 31, 2018 , 2017 and 2016 , there were options outstanding for 4,750,549 , 2,603,664 , and 2,472,284 shares, respectively, that potentially could be exercised for common shares. During the years ended December 31, 2017 and 2016 , respectively 167,933 and 256,917 options with exercise prices ranging from $22.83 to $28.36 , were included in the diluted EPS calculation as their option prices were lower than the average market prices of our common shares. During the year ended December 31, 2018 , no options were included in the diluted EPS calculation as their exercise prices were higher than the average market prices of our common shares. In addition, as of December 31, 2018 there were 162,577 unvested restricted shares outstanding that potentially could become unrestricted common shares. The computation of diluted EPS for the years ended December 31, 2018 , 2017 and 2016 included the 188,329 , 167,100 , and 114,354 weighted average unvested restricted shares outstanding, respectively, as their effect is dilutive. The effect of the redemption of OP and vested LTIP units is not reflected in the computation of basic and diluted earnings per share, as they are redeemable for common shares on a one -for-one basis. The income allocable to such units is allocated on this same basis and reflected as noncontrolling interests in the accompanying consolidated financial statements. As such, the assumed redemption of these units would have no net impact on the determination of diluted earnings per share since they would be anti-dilutive. The following table sets forth the computation of our basic and diluted earnings per share: Year Ended December 31, (Amounts in thousands, except per share amounts) 2018 2017 2016 Numerator: Net income attributable to common shareholders $ 105,150 $ 67,070 $ 90,815 Less: Earnings allocated to unvested participating securities (184 ) (155 ) (114 ) Net income available for common shareholders - basic $ 104,966 $ 66,915 $ 90,701 Impact of assumed conversions: OP and LTIP units — 5,782 53 Net income available for common shareholders - dilutive $ 104,966 $ 72,697 $ 90,754 Denominator: Weighted average common shares outstanding - basic 113,863 107,132 99,364 Effect of dilutive securities: Stock options using the treasury stock method — 168 257 Restricted share awards 188 167 114 Assumed conversion of OP and LTIP units — 10,923 59 Weighted average common shares outstanding - diluted 114,051 118,390 99,794 Earnings per share available to common shareholders: Earnings per common share - Basic $ 0.92 $ 0.62 $ 0.91 Earnings per common share - Diluted $ 0.92 $ 0.61 $ 0.91 Operating Partnership Earnings per Unit The following table sets forth the computation of basic and diluted earnings per unit: Year Ended December 31, (Amounts in thousands, except per unit amounts) 2018 2017 2016 Numerator: Net income attributable to unitholders $ 116,918 $ 72,894 $ 96,627 Less: net income attributable to participating securities (200 ) (155 ) (211 ) Net income available for unitholders $ 116,718 $ 72,739 $ 96,416 Denominator: Weighted average units outstanding - basic 126,198 117,779 105,455 Effect of dilutive securities issued by Urban Edge 188 335 371 Unvested LTIP units — 276 273 Weighted average units outstanding - diluted 126,386 118,390 106,099 Earnings per unit available to unitholders: Earnings per unit - Basic $ 0.92 $ 0.62 $ 0.91 Earnings per unit - Diluted $ 0.92 $ 0.61 $ 0.91

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Omnibus Share Plan On January 7, 2015 our board and initial shareholder approved the Urban Edge Properties Omnibus Share Plan, under which awards may be granted up to a maximum of 15,000,000 of our common shares or share equivalents. Pursuant to the Omnibus Share Plan, stock options, LTIP units, operating partnership units and restricted shares were granted. Outperformance Plans The Compensation Committee of the Board of Trustees of the Company approved the Company’s 2015 Outperformance Plan (“2015 OPP”) on November 3, 2015 and the Company’s 2017 Outperformance Plan (“2017 OPP”) on February 24, 2017 . Both Outperformance Plans are multi-year, performance-based equity compensation plans under which participants, including our Chairman and Chief Executive Officer, have the opportunity to earn awards in the form of LTIP units if, and only if, we outperform a predetermined total shareholder return (“TSR”) and/or outperform the market with respect to a relative TSR in any year during the requisite performance periods as described below. The aggregate notional amounts of the 2015 OPP grant and the 2017 OPP grant are $10.2 million and $12.0 million , respectively. Awards under the 2015 OPP and the 2017 OPP may be earned if we (i) achieve a TSR level greater than 7% per annum, or 21% over the three -year performance measurement period, and/or (ii) achieve a TSR equal to or above, that of the 50 th percentile of a retail REIT peer group (“Peer Group”) comprised of our peer companies, over a three -year performance measurement period. Distributions on awards accrue during the measurement period, except that 10% of such distributions are paid in cash. If the designated performance objectives are achieved, LTIP units are also subject to time-based vesting requirements. Awards earned under the 2015 OPP and the 2017 OPP vest 50% in year three, 25% in year four and 25% in year five. The fair values of the 2015 OPP and the 2017 OPP on the dates of grant were $3.9 million and $4.1 million , respectively. A Monte Carlo simulation was used to estimate the fair values based on the probability of satisfying the market conditions and the projected share prices at the time of payments, discounted to the valuation dates over the three -year performance periods. For the 2015 OPP, assumptions include historical volatility ( 25.0% ), risk-free interest rates ( 1.2% ), and historical daily return as compared to our Peer Group (which ranged from 19.0% to 27.0% ). For the 2017 OPP, assumptions include historical volatility ( 19.7% ), risk-free interest rates ( 1.5% ), and historical daily return as compared to our Peer Group. For both plans, such amounts are being amortized into expense over a five -year period from the dates of grant, using graded vesting attribution models. In the years ending December 31, 2018 , 2017 , and 2016 we recognized $1.7 million , $2.0 million and $1.1 million of compensation expense related to the 2015 and 2017 OPPs’ LTIP Units, respectively. As of December 31, 2018 , there was $2.4 million of total unrecognized compensation cost related to the 2015 and 2017 OPPs’ LTIP Units, which will be recognized over a weighted-average period of 1.4 years. 2018 Long-Term Incentive Plan On February 22, 2018 , the Compensation Committee of the Board of Trustees of the Company approved the Company’s 2018 Long-Term Incentive Plan ("2018 LTI Plan") under the Omnibus Share Plan, a multi-year equity compensation program, comprised of both performance-based and time-based vesting awards. Equity awards granted under the 2018 LTI Plan are weighted, in terms of grant date and fair value, 80% performance-based and 20% time-based. For the performance-based awards under the 2018 LTI Plan, participants have the opportunity to earn awards in the form of LTIP Units if, and only if, Urban Edge’s absolute and relative total shareholder return (“TSR”) meets certain criteria over the three -year performance measurement period (the “Performance Period”) beginning on February 22, 2018 and ending on February 21, 2021 . The Company issued 328,107 LTIP Units under the 2018 LTI Plan. Under the Absolute TSR component ( 25% of the performance-based awards), 40% of the LTIP Units will be earned if the Company’s TSR over the Performance Period is equal to 18% , 100% of the LTIP Units will be earned if the Company’s TSR over the Performance Period is equal to 27% , and 165% of the LTIP Units will be earned if the Company’s TSR over the Performance Period is equal to or greater than 36% . The Relative TSR component is based on the Company’s performance compared to a peer group comprised of 14 companies. Under the Relative TSR Component ( 75% of the performance-based awards), 40% of the LTIP Units will be earned if the Company’s TSR over the Performance Period is equal to the 35 th percentile of the peer group, 100% of the LTIP Units will be earned if the Company’s TSR over the Performance Period is equal to the 55 th percentile of the peer group, and 165% of the LTIP Units will be earned if the Company’s TSR over the Performance Period is equal to or above the 75 th percentile of the peer group, with earning determined using linear interpolation if between such relative TSR thresholds. The fair value of the performance-based award portion of the 2018 LTI Plan on the date of grant was $3.6 million using a Monte Carlo simulation to estimate the fair value through a risk-neutral premise. The time-based awards under the 2018 LTI Plan, also granted in the form of LTIP Units, vest ratably over three years except in the case of our Chairman and Chief Executive Officer, where the vesting is ratably over four years. The Company granted time-based awards under the 2018 LTI Plan that represent 33,172 LTIP units with a grant date fair value of $ 0.7 million . Deferred Share Units Granted to Trustees The Company has authorized Trustee Deferred Share Unit Agreements (“DSU Agreements”) under the Omnibus Share Plan, in connection with the services of the trustees to the Company. Each deferred share unit (“DSU”) is equivalent to one common share of the Company. All DSUs shall vest in full on the agreed upon vesting date, provided the trustee remains in service as a member of the Board of Trustees of the Company on such date. If the service of the trustee to the Company or its affiliates terminates for any reason prior to the vesting date, any DSUs that have not vested as of such date shall automatically and without notice terminate and be forfeited. Once vested, the common shares underlying the DSUs are granted to the trustees on predetermined dates or upon their departure as trustees. During the year ended December 31, 2018 , some of our trustees elected to receive a portion of their compensation in deferred share units and an aggregate of 13,656 shares were credited to those trustees based on the weighted average grant date fair value of $19.33 . During the year ended December 31, 2018 , the Company incurred expenses of $0.2 million related to deferred share units granted to trustees. 2018 Inducement Equity Plan The Inducement Plan was approved by the Compensation Committee of the Board of Trustees of the Company on September 26, 2018. Under the Inducement Plan, the Compensation Committee of the Board of Trustees may grant, subject to any Company performance conditions as specified by the Compensation Committee, awards to individuals who were not previously employees as an inducement material to the individual’s entry into employment with the Company. The terms and conditions of the Inducement Plan and any awards thereunder granted are substantially similar to those under the 2015 Omnibus Share Plan. As of December 31, 2018 , the Company had granted an aggregate of 352,890 restricted LTIP Units and 2,000,000 stock options under the Inducement Plan with grant date fair values of $7.2 million and $9.3 million , respectively, which were granted in connection with inducing the Company’s new Chief Operating Officer and new President of Development to join the Company. Shares Under Option All stock options granted have ten -year contractual lives, containing vesting terms of three to five years. As of December 31, 2018 , the weighted average contractual term of shares under option outstanding at the end of the period is 8.1 years. The following table presents stock option activity for the years ended December 31, 2018 , 2017 , and 2016 : Shares Under Options Weighted Average Exercise Price per Share Weighted Average Remaining Expected Term (In years) Outstanding at January 1, 2016 2,289,139 $ 23.89 6.15 Granted 196,713 23.52 6.00 Exercised (8,501 ) 24.46 — Forfeited or expired (5,067 ) 24.46 — Outstanding at December 31, 2016 2,472,284 23.86 5.33 Granted 137,259 28.36 6.01 Exercised — — — Forfeited or expired (5,879 ) 23.17 — Outstanding at December 31, 2017 2,603,664 24.09 4.40 Granted 2,146,885 21.71 4.58 Exercised — — — Forfeited or expired — — — Outstanding at December 31, 2018 4,750,549 $ 23.02 4.48 Exercisable at December 31, 2018 807,352 $ 24.03 — The weighted average grant date fair value of options granted in 2018, 2017 and 2016 was $4.68 , $5.10 , and $3.56 , respectively. No options were exercised during the years ended December 31, 2017 and 2018. The total cash received from options exercised in the year ended December 31, 2016 was $0.2 million with an intrinsic value of $26 thousand . As of December 31, 2018, there was no intrinsic value for the outstanding and exercisable shares under option. During the years ended December 31, 2018 , 2017 and 2016 , the fair value of the options granted was estimated on the grant date using the Black-Scholes pricing model with the following assumptions: February 8, 2016 February 24, 2017 February 22, 2018 September 27, 2018 Risk-free interest rate 1.31% 1.93% 2.73% 3.00% Expected option life 6.25 6.25 6.25 7.00 Expected volatility 23.94% 25.06% 32.23% 30.42% The options were granted with an exercise price equivalent to the average of the high and low share price on the grant date. Restricted Shares The following table presents information regarding restricted share activity during the years ended December 31, 2018 , 2017 , and 2016 : Shares Weighted Average Grant Date Fair Value per Share Unvested at January 1, 2016 30,717 $ 22.62 Granted 117,399 24.55 Vested (15,977 ) 23.17 Forfeited (2,744 ) 23.55 Unvested at December 31, 2016 129,395 24.29 Granted 104,698 27.69 Vested (53,236 ) 25.13 Forfeited (5,427 ) 24.64 Unvested at December 31, 2017 175,430 26.05 Granted 103,814 21.65 Vested (84,185 ) 25.67 Forfeited (32,482 ) 23.32 Unvested at December 31, 2018 162,577 $ 23.99 During the years ended December 31, 2018 , 2017 and 2016 , we granted 103,814 , 104,698 , and 117,399 restricted shares, respectively, that are subject to forfeiture and vest over periods ranging from one to four years. The total grant date value of the 84,185 , 53,236 , and 15,977 restricted shares vested during the years ended December 31, 2018 , 2017 and 2016 was $2.2 million , $1.3 million and $0.4 million , respectively. Restricted Units During the years ended December 31, 2018 and 2017, respectively, there were 444,954 and 31,734 additional LTIP units issued. During the years ended December 31, 2018 , 2017 and 2016, 24,722 , 16,789 , and 39,439 units vested, respectively. The remaining 480,227 units vest over a weighted average period of 4.0 years. Share-Based Compensation Expense Share-based compensation expense, which is included in general and administrative expenses in our consolidated statements of income, is summarized as follows: Year Ended December 31, (Amounts in thousands) 2018 2017 2016 Share-based compensation expense components: Restricted share expense $ 2,051 $ 1,961 $ 1,314 Stock option expense 2,778 2,569 2,437 LTIP expense (1) 2,218 557 473 Outperformance Plan (“OPP”) expense 2,530 2,050 1,209 DSU expense 164 — — Total Share-based compensation expense $ 9,741 $ 7,137 $ 5,433 (1) LTIP expense excludes the expense associated with LTIP units under the 2015 OPP, 2017 OPP and 2018 LTI Plan because we recognize these expenses as part of our OPP expense. As of December 31, 2018 , we had a total of $25.8 million of unrecognized compensation expense related to unvested and restricted share-based payment arrangements including unvested stock options, LTIP units, deferred share units, and restricted share awards which were granted under our Omnibus Share Plan as well as OPP awards. This expense is expected to be recognized over a weighted average period of 3.4 years.

QUARTERLY FINANCIAL DATA

QUARTERLY FINANCIAL DATA	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL INFORMATION (unaudited)	QUARTERLY FINANCIAL DATA (unaudited) The following tables summarize the quarterly results of operations of Urban Edge Properties and Urban Edge Properties LP for the years ended December 31, 2018 and 2017 : Three Months Ended, (Amounts in thousands, except per share/unit amounts) December 31, 2018 September 30, 2018 June 30, 2018 March 31, 2018 Total revenue $ 100,923 $ 112,214 $ 101,970 $ 99,053 Operating income 24,445 39,197 23,154 35,069 Net income 7,251 26,899 59,774 23,039 Net income attributable to noncontrolling interests in operating partnership (727 ) (2,688 ) (6,025 ) (2,328 ) Net income attributable to noncontrolling interests in consolidated subsidiaries (11 ) (11 ) (12 ) (11 ) Net income attributable to common shareholders 6,513 24,200 53,737 20,700 Net income attributable to unitholders 7,240 26,888 59,762 23,028 Earnings per common share - Basic 0.06 0.21 0.47 0.18 Earnings per common share - Diluted 0.06 0.21 0.47 0.18 Earnings per common unit - Basic 0.06 0.21 0.47 0.18 Earnings per common unit - Diluted 0.06 0.21 0.47 0.18 Three Months Ended, (Amounts in thousands, except per share/unit amounts) December 31, 2017 September 30, 2017 June 30, 2017 March 31, 2017 Total revenue $ 97,376 $ 94,101 $ 89,501 $ 126,064 Operating income 30,742 33,190 28,515 69,317 Net (loss) income (15,873 ) 19,156 14,920 54,735 Net loss (income) attributable to noncontrolling interests in operating partnership 1,607 (1,967 ) (1,326 ) (4,138 ) Net income attributable to noncontrolling interests in consolidated subsidiaries (11 ) (11 ) (11 ) (11 ) Net (loss) income attributable to common shareholders (14,277 ) 17,178 13,583 50,586 Net (loss) income attributable to unitholders (15,884 ) 19,145 14,909 54,724 Earnings (loss) per common share - Basic (0.13 ) 0.15 0.13 0.51 Earnings (loss) per common share - Diluted (0.13 ) 0.15 0.13 0.50 Earnings (loss) per common unit - Basic (0.13 ) 0.15 0.13 0.51 Earnings (loss) per common unit - Diluted (0.13 ) 0.15 0.13 0.50

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2018
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	URBAN EDGE PROPERTIES AND URBAN EDGE PROPERTIES LP SCHEDULE II- VALUATION AND QUALIFYING ACCOUNTS (in thousands) Column A Column B Column C Column D Column E Description Balance Additions Uncollectible Balance Year Ended December 31, 2018: Allowance for doubtful accounts $ 5,431 $ 4,138 $ (2,949 ) $ 6,620 Year Ended December 31, 2017: Allowance for doubtful accounts 2,593 3,445 (607 ) 5,431 Year Ended December 31, 2016: Allowance for doubtful accounts 1,926 1,214 (547 ) 2,593

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SEC Schedule III - Real Estate and Accumulated Depreciation	URBAN EDGE PROPERTIES AND URBAN EDGE PROPERTIES LP SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (in thousands) Initial cost to company Gross amount at which carried at close of period Description Encumbrances Land Building and improvements Costs capitalized subsequent to acquisition Land Building and improvements Total (2) Accumulated depreciation and amortization (1) Date of construction Date acquired SHOPPING CENTERS AND MALLS: Baltimore (Towson), MD — 581 3,227 18,603 581 21,830 22,411 (6,356 ) 1968 1968 Bensalem, PA — 2,727 6,698 2,042 2,727 8,740 11,467 (4,509 ) 1972/ 1999 1972 Bergen Town Center - East, Paramus, NJ — 6,305 — 42,336 6,305 42,336 48,641 (8,768 ) 1957/ 2009 2003 Bergen Town Center - West, Paramus, NJ 300,000 15,812 82,240 385,142 35,850 447,344 483,194 (121,024 ) 1957/ 2009 2003/ 2015 Bethlehem, PA — 827 5,200 1,915 837 7,105 7,942 (5,870 ) 1966 1966 Brick, NJ 50,000 1,391 11,179 13,342 1,391 24,521 25,912 (15,492 ) 1968 1968 Bronx (Bruckner Boulevard), NY — 66,100 259,503 591 61,618 264,576 326,194 (24,862 ) N/A 2007 Bronx (Shops at Bruckner), NY 11,582 — 32,979 38 — 33,017 33,017 (2,154 ) N/A 2017 Bronx (1750-1780 Gun Hill Road), NY 24,500 6,427 11,885 22,237 6,428 34,121 40,549 (9,502 ) 2009 2005 Broomall, PA — 850 2,171 1,399 850 3,570 4,420 (2,946 ) 1966 1966 Buffalo (Amherst), NY — 5,743 4,056 12,446 5,107 17,138 22,245 (8,916 ) 1968 1968 Cambridge (leased through 2033) (3) , MA — — — 97 — 97 97 (5 ) N/A 2007 Carlstadt (leased through 2050) (3) , NJ — — 16,458 133 — 16,591 16,591 (4,627 ) N/A 2007 Charleston (leased through 2063) (3) , SC — — 3,634 308 — 3,942 3,942 (1,123 ) N/A 2006 Cherry Hill (Cherry Hill Commons), NJ — 5,864 2,694 1,850 4,144 6,264 10,408 (3,970 ) 1964 1964 Cherry Hill (Plaza at Cherry Hill), NJ 28,930 14,602 33,666 (125) 14,602 33,541 48,143 (3,129 ) N/A 2017 Chicopee, MA — 895 — — 895 — 895 — 1969 1969 Commack (leased through 2021) (3) , NY — — 43 184 — 227 227 (243 ) N/A 2006 Dewitt (leased through 2041) (3) , NY — — 7,116 — — 7,116 7,116 (2,158 ) N/A 2006 Rockaway, NJ 27,800 559 6,363 5,403 559 11,766 12,325 (6,581 ) 1964 1964 East Brunswick, NJ 63,000 2,417 17,169 7,512 2,417 24,681 27,098 (18,152 ) 1957/ 1972 1957/ 1972 East Hanover (200 - 240 Route 10 West), NJ 63,000 2,232 18,241 19,349 2,671 37,151 39,822 (18,719 ) 1962 1962/ 1998 East Hanover (280 Route 10 West), NJ — — — 7,075 — 7,075 7,075 (2,543 ) N/A 1962/ 1998 East Rutherford, NJ 23,000 — 36,727 542 — 37,269 37,269 (8,109 ) 2007 2007 Freeport (240 West Sunrise Highway) (leased through 2040) (3) , NY — — — 260 — 260 260 (240 ) N/A 2005 Freeport (437 East Sunrise Highway), NY 43,100 1,231 4,747 4,765 1,382 9,361 10,743 (6,558 ) 1981 1981 Initial cost to company Gross amount at which carried at close of period Description Encumbrances Land Building and improvements Costs capitalized subsequent to acquisition Land Building and improvements Total (2) Accumulated depreciation and amortization (1) Date of construction Date acquired Garfield, NJ 40,300 45 8,068 45,110 44 53,179 53,223 (14,338 ) 2009 1998 Glen Burnie, MD — 462 2,571 3,950 462 6,521 6,983 (3,504 ) 1958 1958 Glenolden, PA — 850 1,820 741 850 2,561 3,411 (2,295 ) 1975 1975 Hackensack, NJ 66,400 692 10,219 7,145 692 17,364 18,056 (10,415 ) 1963 1963 Hazlet, NJ — 7,400 9,413 (2,135) 7,400 7,278 14,678 (2,098 ) N/A 2007 Huntington, NY — 21,200 33,667 6,385 21,200 40,052 61,252 (10,313 ) N/A 2007 Inwood, NY — 12,419 19,097 3,115 12,419 22,212 34,631 (7,755 ) N/A 2004 Jersey City (Hudson Commons), NJ 29,000 652 7,495 950 652 8,445 9,097 (3,584 ) 1965 1965 Jersey City (Hudson Mall), NJ 24,326 15,824 37,593 (3,922) 15,824 33,671 49,495 (3,215 ) N/A 2017 Kearny, NJ — 309 3,376 10,315 296 13,704 14,000 (4,855 ) 1938 1959 Lancaster, PA — 3,140 63 2,131 3,140 2,194 5,334 (886 ) 1966 1966 Las Catalinas, Puerto Rico 130,000 15,280 64,370 15,438 15,280 79,808 95,088 (38,631 ) 1996 2002 Lawnside, NJ — 1,226 3,164 2,896 1,226 6,060 7,286 (3,857 ) 1969 1969/ 2015 Lodi (Route 17 North), NJ — 238 9,446 42 238 9,488 9,726 (4,544 ) 1999 1975 Lodi (Washington Street), NJ — 7,606 13,125 2,754 7,606 15,879 23,485 (5,292 ) N/A 2004 Manalapan, NJ — 725 7,189 6,982 1,046 13,850 14,896 (9,912 ) 1971 1971 Manchester, MO 12,500 4,409 13,756 13 4,409 13,769 18,178 (696 ) N/A 2017 Marlton, NJ 37,400 1,611 3,464 14,140 1,454 17,761 19,215 (11,151 ) 1973 1973 Middletown, NJ 31,400 283 5,248 3,147 283 8,395 8,678 (6,722 ) 1963 1963 Milford (leased through July 2019) (3) , MA — — — — — — — — N/A 1976 Millburn, NJ 24,000 15,783 25,837 (911) 15,783 24,926 40,709 (2,096 ) N/A 2017 Montclair, NJ — 66 419 1,439 448 1,476 1,924 (743 ) 1972 1972 Montehiedra, Puerto Rico 114,860 9,182 66,751 27,829 9,267 94,495 103,762 (42,620 ) 1996/ 2015 1997 Morris Plains, NJ — 1,104 6,411 5,576 1,104 11,987 13,091 (7,181 ) 1961 1985 Mount Kisco, NY 13,987 22,700 26,700 1,840 22,614 28,626 51,240 (7,371 ) N/A 2007 New Hyde Park (leased through 2029) (3) , NY — — 4 — — 4 4 (4 ) 1970 1976 Newington, CT — 2,421 1,200 2,052 2,421 3,252 5,673 (1,401 ) 1965 1965 Norfolk (leased through 2069) (3) , VA — — 3,927 15 — 3,942 3,942 (3,686 ) N/A 2005 North Bergen (Kennedy Boulevard), NJ — 2,308 636 261 2,308 897 3,205 (575 ) 1993 1959 North Bergen (Tonnelle Avenue), NJ 100,000 24,493 — 73,062 33,988 63,567 97,555 (16,298 ) 2009 2006 North Plainfield, NJ 25,100 6,577 13,983 693 6,577 14,676 21,253 (4,056 ) 1955 1989 Oceanside, NY — 2,710 2,306 — 2,710 2,306 5,016 (668 ) N/A 2007 Paramus (leased through 2033) (3) , NJ — — — 12,569 — 12,569 12,569 (4,310 ) 1957/ 2009 2003 Queens, NY — 14,537 12,304 3,744 14,537 16,048 30,585 (1,258 ) N/A 2015 Rochester (Henrietta) (leased through 2056) (3) , NY — — 2,647 1,293 — 3,940 3,940 (3,604 ) 1971 1971 Rochester, NY — 2,172 — — 2,172 — 2,172 — 1966 1966 Initial cost to company Gross amount at which carried at close of period Description Encumbrances Land Building and improvements Costs capitalized subsequent to acquisition Land Building and improvements Total (2) Accumulated depreciation and amortization (1) Date of construction Date acquired Rockville, MD — 3,470 20,599 2,736 3,470 23,335 26,805 (8,084 ) N/A 2005 Salem (leased through 2102) (3) , NH — 6,083 — (3,084) 2,994 5 2,999 — N/A 2006 Signal Hill, CA — 9,652 2,940 1 9,652 2,941 12,593 (901 ) N/A 2006 South Plainfield (leased through 2039) (3) , NJ — — 10,044 2,240 — 12,284 12,284 (3,659 ) N/A 2007 Springfield, MA — — — 80 — 80 80 (80 ) N/A 2005 Springfield (leased through 2025) (3) , PA — 2,797 2,471 1,244 2,797 3,715 6,512 (1,353 ) 1993 1966 Staten Island, NY — 11,446 21,262 4,378 11,446 25,640 37,086 (9,424 ) N/A 2004 Totowa, NJ 50,800 120 11,994 4,910 92 16,932 17,024 (14,008 ) 1957/ 1999 1957 Turnersville, NJ — 900 1,342 3,056 900 4,398 5,298 (2,341 ) 1974 1974 Tyson’s Corner (leased through 2035) (3) , VA — — — — — — — — N/A 2006 Union (2445 Springfield Avenue), NJ 45,600 19,700 45,090 — 19,700 45,090 64,790 (13,057 ) N/A 2007 Union (Route 22 and Morris Avenue), NJ — 3,025 7,470 2,780 3,025 10,250 13,275 (6,041 ) 1962 1962 Vallejo (leased through 2043) (3) , CA — — 2,945 221 — 3,166 3,166 (1,073 ) N/A 2006 Walnut Creek (1149 South Main Street), CA — 2,699 19,930 (1,000) 2,699 18,930 21,629 (1,552 ) N/A 2006 Walnut Creek (Mt. Diablo), CA — 5,909 — 1,540 5,908 1,541 7,449 (262 ) N/A 2007 Watchung, NJ 27,000 4,178 5,463 2,939 4,441 8,139 12,580 (5,715 ) 1994 1959 West Babylon, NY — 6,720 13,786 (4,160) 6,720 9,626 16,346 (8 ) N/A 2007 Westfield, NJ 4,730 5,728 4,305 (211) 5,728 4,094 9,822 (255 ) N/A 2017 Wheaton (leased through 2060) (3) , MD — — 5,367 — — 5,367 5,367 (1,644 ) N/A 2006 Wilkes-Barre (461 - 499 Mundy Street), PA — 6,053 26,646 1,932 6,053 28,578 34,631 (8,140 ) N/A 2007 Woodbridge (Woodbridge Commons), NJ 22,100 1,509 2,675 4,997 1,539 7,642 9,181 (3,094 ) 1959 1959 Woodbridge (Plaza at Woodbridge), NJ 55,340 21,547 75,017 (2,753) 17,280 76,531 93,811 (4,885 ) N/A 2017 Wyomissing (leased through 2065) (3) , PA — — 2,646 1,961 — 4,607 4,607 (3,887 ) N/A 2005 Yonkers, NY 31,704 63,341 110,635 15,010 63,461 125,525 188,986 (6,580 ) N/A 2017 York, PA — 409 2,568 2,504 409 5,072 5,481 (3,482 ) 1970 1970 WAREHOUSES: East Hanover, NJ 40,700 576 7,752 30,832 691 38,469 39,160 (18,352 ) 1972 1972 TOTAL UE PROPERTIES 1,562,159 508,849 1,385,212 868,256 525,819 2,236,498 2,762,317 (644,367 ) Initial cost to company Gross amount at which carried at close of period Description Encumbrances Land Building and improvements Costs capitalized subsequent to acquisition Land Building and improvements Total (2) Accumulated depreciation and amortization (1) Date of construction Date acquired Leasehold Improvements, Equipment and Other — — — 6,675 — 6,675 6,675 (1,505 ) TOTAL $ 1,562,159 $ 508,849 $ 1,385,212 $ 874,931 $ 525,819 $ 2,243,173 $ 2,768,992 $ (645,872 ) (1) Depreciation of the buildings and improvements are calculated over lives ranging from the life of the lease to forty years. (2) Adjusted tax basis for federal income tax purposes was $1.5 billion as of December 31, 2018. (3) The Company is a lessee under a ground or building lease. The building will revert to the lessor upon lease expiration. URBAN EDGE PROPERTIES AND URBAN EDGE PROPERTIES LP SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Amounts in thousands) The following is a reconciliation of real estate assets and accumulated depreciation: Year Ended December 31, 2018 2017 2016 Real Estate Balance at beginning of period $ 2,671,854 $ 2,138,500 $ 2,084,642 Additions during the period: Land 4,120 142,305 2,667 Buildings & improvements 12,394 389,338 18,316 Construction in progress 118,389 34,525 47,234 2,806,757 2,704,668 2,152,859 Less: Impairments and assets sold or written-off (37,765 ) (32,814 ) (14,359 ) Balance at end of period $ 2,768,992 $ 2,671,854 $ 2,138,500 Accumulated Depreciation Balance at beginning of period $ 587,127 $ 541,077 $ 509,112 Additions charged to operating expenses 80,578 65,140 42,989 667,705 606,217 552,101 Less: Accumulated depreciation on assets written-off (21,833 ) (19,090 ) (11,024 ) Balance at end of period $ 645,872 $ 587,127 $ 541,077

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Basis of Accounting	The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for annual financial information and with the instructions of Form 10-K
Consolidation and Noncontrolling Interests	The consolidated financial statements as of and for the years ended December 31, 2018 , 2017 and 2016 reflect the consolidation of the Company, the Operating Partnership, wholly-owned subsidiaries and those entities in which we have a controlling financial interest. All intercompany transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Real Estate	Real Estate — Real estate is carried at cost, net of accumulated depreciation and amortization. Expenditures for ordinary maintenance and repairs are expensed to operations as they are incurred. Significant renovations that improve or extend the useful lives of assets are capitalized. As real estate is undergoing redevelopment activities, all property operating expenses directly associated with and attributable to the redevelopment, including interest, are capitalized to the extent the capitalized costs of the property do not exceed the estimated fair value of the property when completed. If the cost of the redeveloped property, including the net book value of the existing property, exceeds the estimated fair value of redeveloped property, the excess is charged to impairment expense. The capitalization period begins when redevelopment activities are underway and ends when the project is substantially complete. Depreciation is recognized on a straight-line basis over estimated useful lives which range from 3 to 40 years. Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above and below-market leases, acquired in-place leases and tenant relationships) and acquired liabilities and we allocate the purchase price based on these assessments on a relative fair value basis. We assess fair value based on estimated cash flow projections utilizing appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We record acquired intangible assets (including acquired above-market leases, acquired in-place leases and tenant relationships) and acquired intangible liabilities (including below-market leases) at their estimated fair value. We amortize identified intangibles that have finite lives over the period they are expected to contribute directly or indirectly to the future cash flows of the property or business acquired. Our properties are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. If our estimates of the projected future cash flows, anticipated holding periods, or market conditions change, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses.
Real Estate Held for Sale	Real Estate Held For Sale — When a real estate asset is identified by management as held for sale, we cease depreciation of the asset and estimate its fair value, net of estimated costs to sell. If the estimated fair value, net of estimated costs to sell, of an asset is less than its net carrying value, an adjustment is recorded to reflect the estimated fair value.
Cash and Cash Equivalents	Cash and Cash Equivalents — Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less and are carried at cost, which approximates fair value due to their short-term maturities. The majority of our cash and cash equivalents consists of (i) deposits at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation limit, (ii) United States Treasury Bills, and (iii) Certificate of Deposits placed through an Account Registry Service (“CDARS”). To date we have not experienced any losses on our invested cash.
Restricted Cash	Restricted Cash — Restricted cash consists of security deposits and cash escrowed under loan agreements for debt service, real estate taxes, property insurance, tenant improvements, leasing commissions and capital expenditures.
Accounts Receivables and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts — Accounts receivable includes unpaid amounts billed to tenants and accrued revenues for future billings to tenants for property expenses. We periodically evaluate the collectibility of amounts due from tenants and maintain an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under the lease agreements. We also maintain an allowance for receivables arising from the straight-lining of rents. These receivables arise from earnings recognized in excess of amounts currently due under the lease agreements. Management exercises judgment in establishing these allowances and considers payment history and current credit status in developing these estimates. Accounts receivable are written-off when they are deemed to be uncollectible and we are no longer actively pursuing collection.
Deferred Leasing Costs	Deferred Leasing Costs — Deferred leasing costs include direct salaries, third-party fees and other costs incurred by us to originate a lease. Such costs are capitalized and amortized on a straight-line basis over the term of the related leases.
Deferred Financing Costs	Deferred Financing Costs — Deferred financing costs include fees associated with our revolving credit agreement. Such fees are amortized on a straight-line basis over the terms of the related revolving credit agreement as a component of interest expense, which approximates the effective interest rate method, in accordance with the terms of the agreement.
Revenue Recognition	Revenue Recognition — We have the following revenue sources and revenue recognition policies: • Rental revenue comprises revenue from property rentals and tenant expense reimbursements, as designated within tenant operating leases. ◦ Property Rentals: We generate revenue from minimum lease payments from tenant operating leases. These rents are recognized over the noncancelable terms of the related leases on a straight-line basis which includes the effects of rent steps and rent abatements under the leases in accordance with ASC 840 Leases . We satisfy our performance obligations over time, under the noncancelable lease term, commencing when the tenant takes possession of the leased space and the leased space is substantially ready for its intended use. In addition, in circumstances where we provide a lease incentive to tenants, we recognize the incentive as a reduction of rental revenue on a straight-line basis over the remaining term of the lease. The underlying leased asset remains on our consolidated balance sheet and continues to depreciate. In addition to minimum lease payments, certain rental income derived from our tenant leases is contingent and dependent on percentage rent. Percentage rents are earned by the Company in the event the tenant's gross sales exceed certain amounts. Terms of percentage rent are agreed upon in the tenant's lease and will vary based on the tenant's sales. ◦ Tenant expense reimbursements: In accordance with ASC 840, revenue arises from tenant leases, which provide for the recovery of all or a portion of the operating expenses, real estate taxes and capital improvements of the respective property. This revenue is accrued in the period the expenses are incurred. • Income from acquired leasehold interest: Income from acquired leasehold interest was revenue generated in connection with the write-off of an unamortized intangible liability balance related to the below-market ground lease as well as the balance of the straight-line receivable balance, upon acquisition of the leasehold interest of the property. This revenue was recognized in accordance with ASC 840. • Other Income: Other income is generated in connection with certain services provided to tenants for which we earn a fee. This revenue is recognized as the services are transferred in accordance with ASC 606, with the exception of lease termination fee income, which is recognized when received in accordance with ASC 840. • Management and development fees: We generate management and development fee income from contractual property management agreements with third parties. This revenue is recognized as the services are transferred in accordance with ASC 606.
Noncontrolling Interest	Noncontrolling Interests — Noncontrolling interests in consolidated subsidiaries represent the portion of equity that we do not own in those entities that we consolidate. We identify our noncontrolling interests separately within the equity section on the consolidated balance sheets. Noncontrolling interests in Operating Partnership include OP units and limited partnership interests in the Operating Partnership in the form of long-term incentive plan (“LTIP”) unit awards classified as equity.
Variable Interest Entities	Variable Interest Entities — Certain entities that do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties, or which do not have the obligation to absorb expected losses, do not have the right to receive expected residual returns, or do not have the characteristics of a controlling financial interest qualify as VIEs. VIEs are required to be consolidated by their primary beneficiary. The primary beneficiary of a VIE has both the power to direct the activities that most significantly impact economic performance of the VIE and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The consolidated and financial statements reflect the consolidation of VIEs in which the Company is the primary beneficiary.
Earnings Per Share and Unit	Earnings Per Share and Unit — Basic earnings per common share and unit is computed by dividing net income attributable to common shareholders and unitholders by the weighted average common shares and units outstanding during the period. Unvested share-based payment awards that entitle holders to receive non-forfeitable dividends, such as our restricted stock awards, are classified as “participating securities.” Because the awards are considered participating securities, the Company and the Operating Partnership are required to apply the two-class method of computing basic and diluted earnings that would otherwise have been available to common shareholders and unitholders. Under the two-class method, earnings for the period are allocated between common shareholders and unitholders and other shareholders and unitholders, based on their respective rights to receive dividends. During periods of net loss, losses are allocated only to the extent the participating securities are required to absorb their share of such losses. Diluted earnings per common share and unit reflects the potential dilution of the assumed exercises of shares including stock options and unvested restricted shares to the extent they are dilutive.
Share-Based Compensation	Share-Based Compensation — We grant stock options, LTIP units, OP units, deferred share units, restricted share awards and performance-based units to our officers, trustees and employees. The term of each award is determined by the compensation committee of our Board of Trustees (the “Compensation Committee”), but in no event can such term be longer than ten years from the date of grant. The vesting schedule of each award is determined by the Compensation Committee, in its sole and absolute discretion, at the date of grant of the award. Dividends are paid on certain shares of unvested restricted stock, which makes the restricted stock a participating security. Fair value is determined, depending on the type of award, using either the Black-Scholes option-pricing model or the Monte Carlo method, both of which are intended to estimate the fair value of the awards at the grant date. In using the Black-Scholes option-pricing model, expected volatilities and dividend yields are primarily based on available implied data and peer group companies’ historical data. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. Compensation expense for restricted share awards is based on the fair value of our common shares at the date of the grant and is recognized ratably over the vesting period. For grants with a graded vesting schedule or a cliff vesting schedule, we have elected to recognize compensation expense on a straight-line basis. Also included in Share-based compensation expense is the unrecognized compensation expense of awards issued under Vornado’s outperformance plan (“OPP”) prior to the separation for the Company’s employees who were previously Vornado employees. The OPP unrecognized compensation expense is recognized on a straight-line basis over the remaining life of the OPP awards issued. Share-based compensation expense is included in general and administrative expenses on the consolidated and statements of income. When the Company issues common shares as compensation, it receives a like number of common units from the Operating Partnership. Accordingly, the Company’s ownership in the Operating Partnership will increase based on the number of common shares awarded under our 2015 Omnibus Share Plan. As a result of the issuance of common units to the Company for share-based compensation, the Operating Partnership accounts for share-based compensation in the same manner as the Company.
Income Taxes	Income Taxes — Our two Puerto Rico malls are subject to income taxes which are based on estimated taxable income and are included in income tax expense in the consolidated statements of income. Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates in effect for the year in which these temporary differences are expected to be recovered or settled. Earnings and profits, which determine the taxability of dividends to shareholders, differs from net income reported for financial reporting purposes primarily because of differences in depreciable lives and cost bases of the malls, as well as other timing differences.
Concentration of Credit Risk	Concentration of Credit Risk — A concentration of credit risk arises in our business when a national or regionally-based tenant occupies a substantial amount of space in multiple properties owned by us. In that event, if the tenant suffers a significant downturn in its business, it may become unable to make its contractual rent payments to us, exposing us to potential losses in rental revenue, expense recoveries, and percentage rent. Further, the impact may be magnified if the tenant is renting space in multiple locations. Generally, we do not obtain security from our national or regionally-based tenants in support of their lease obligations to us. We regularly monitor our tenant base to assess potential concentrations of credit risk.
Recently Issued Accounting Literature	Recently Issued Accounting Literature Effective January 1, 2018, we adopted (“ASU 2017-09”) Scope of Modification Accounting , which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting will not apply if the fair value, vesting conditions, and classification of the awards are the same immediately before and after the modification. We applied these amendments prospectively to awards modified on and after the adoption date. The adoption of this standard resulted in no impact to our consolidated financial statements. If we encounter a change to the terms or conditions of any of our share-based payment awards we will evaluate the need to apply modification accounting based on the new guidance. The general treatment for modifications of share-based payment awards is to record the incremental value arising from the change as additional compensation cost in the period of modification. Effective January 1, 2018, we adopted (“ASU 2017-05”) Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, to clarify the scope and accounting for derecognition of nonfinancial assets using the modified retrospective approach. ASU 2017-05 eliminated the guidance specific to real estate sales and partial sales of real estate. ASU 2017-05 defines “in-substance nonfinancial assets” and includes guidance on partial sales of nonfinancial assets. The adoption of this standard resulted in no material impact to our consolidated financial statements. Effective January 1, 2018, we adopted (“ASU 2014-09”) Revenue from Contracts with Customers to ASC Topic 606, which supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition. ASU 2014-09 requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. We adopted the standard using the modified retrospective approach which requires applying the new standard to all existing contracts not yet completed as of the effective date. We have completed our evaluation of the standard’s impact on our revenue sources. The adoption of this standard did not have a material impact on our consolidated financial statements. Effective for the fiscal period beginning January 1, 2019, we adopted (“ASU 2016-02”) Leases, which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). We initially applied the standard at the beginning of the period of adoption through the transition method issued by (“ASU 2018-11”) Leases: Targeted Improvements . The new standard requires lessees to apply a two-model approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. The new standard requires lessors to account for the leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. We have completed our evaluation of the standard’s impact on the Company’s consolidated financial statements and accounting policies. For purposes of transition, we did not elect the hindsight practical expedient but did elect the practical expedient package, which has been applied consistently to all of our leases. From a lessee perspective, the adoption will result in the recognition of a right-of-use ("ROU") asset and lease liability for 24 leases of approximately $100 million , which will be presented on our consolidated balance sheet beginning with the Quarterly Report on Form 10-Q for the period ending March 31, 2019. The standard's adoption will also impact the presentation of our consolidated income statement beginning with the Quarterly Report on Form 10-Q for the period ending March 31, 2019, due to accounting for the lease and non-lease components as a single lease component, which will be presented as "lease expense" on the consolidated statement of income. Prior to the adoption of ASC 842, related lease expense amounts were recognized within ground rent and general administrative expenses on the consolidated statement of income. From a lessor perspective, the adoption will also result in additional general and administrative expenses, attributable to internal leasing department costs not meeting the definition of initial direct costs under ASC 842. Capitalized internal leasing costs were $0.7 million for the year ended December 31, 2018. The adoption of this standard will also result in additional quantitative and qualitative footnote disclosures beginning with the Quarterly Report on Form 10-Q for the period ending March 31, 2019. Any other recently issued accounting standards or pronouncements not disclosed above have been excluded as they are not relevant to the Company or the Operating Partnership, or they are not expected to have a material impact on our consolidated financial statements. Recently Issued Accounting Literature Effective January 1, 2018, we adopted (“ASU 2017-09”) Scope of Modification Accounting , which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting will not apply if the fair value, vesting conditions, and classification of the awards are the same immediately before and after the modification. We applied these amendments prospectively to awards modified on and after the adoption date. The adoption of this standard resulted in no impact to our consolidated financial statements. If we encounter a change to the terms or conditions of any of our share-based payment awards we will evaluate the need to apply modification accounting based on the new guidance. The general treatment for modifications of share-based payment awards is to record the incremental value arising from the change as additional compensation cost in the period of modification. Effective January 1, 2018, we adopted (“ASU 2017-05”) Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, to clarify the scope and accounting for derecognition of nonfinancial assets using the modified retrospective approach. ASU 2017-05 eliminated the guidance specific to real estate sales and partial sales of real estate. ASU 2017-05 defines “in-substance nonfinancial assets” and includes guidance on partial sales of nonfinancial assets. The adoption of this standard resulted in no material impact to our consolidated financial statements. Effective January 1, 2018, we adopted (“ASU 2014-09”) Revenue from Contracts with Customers to ASC Topic 606, which supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition. ASU 2014-09 requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. We adopted the standard using the modified retrospective approach which requires applying the new standard to all existing contracts not yet completed as of the effective date. We have completed our evaluation of the standard’s impact on our revenue sources. The adoption of this standard did not have a material impact on our consolidated financial statements. Effective for the fiscal period beginning January 1, 2019, we adopted (“ASU 2016-02”) Leases, which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). We initially applied the standard at the beginning of the period of adoption through the transition method issued by (“ASU 2018-11”) Leases: Targeted Improvements . The new standard requires lessees to apply a two-model approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. The new standard requires lessors to account for the leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. We have completed our evaluation of the standard’s impact on the Company’s consolidated financial statements and accounting policies. For purposes of transition, we did not elect the hindsight practical expedient but did elect the practical expedient package, which has been applied consistently to all of our leases. From a lessee perspective, the adoption will result in the recognition of a right-of-use ("ROU") asset and lease liability for 24 leases of approximately $100 million , which will be presented on our consolidated balance sheet beginning with the Quarterly Report on Form 10-Q for the period ending March 31, 2019. The standard's adoption will also impact the presentation of our consolidated income statement beginning with the Quarterly Report on Form 10-Q for the period ending March 31, 2019, due to accounting for the lease and non-lease components as a single lease component, which will be presented as "lease expense" on the consolidated statement of income. Prior to the adoption of ASC 842, related lease expense amounts were recognized within ground rent and general administrative expenses on the consolidated statement of income. From a lessor perspective, the adoption will also result in additional general and administrative expenses, attributable to internal leasing department costs not meeting the definition of initial direct costs under ASC 842. Capitalized internal leasing costs were $0.7 million for the year ended December 31, 2018. The adoption of this standard will also result in additional quantitative and qualitative footnote disclosures beginning with the Quarterly Report on Form 10-Q for the period ending March 31, 2019. Any other recently issued accounting standards or pronouncements not disclosed above have been excluded as they are not relevant to the Company or the Operating Partnership, or they are not expected to have a material impact on our consolidated financial statements.

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS (Tables)	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
Schedule of Closed Acquisitions	During the year ended December 31, 2018 and December 31, 2017 , we closed on the following acquisitions: Date Purchased Property Name City State Square Feet Purchase Price (in thousands) January 26, 2018 938 Spring Valley Road Maywood NJ 2,000 $ 719 February 23, 2018 116 Sunrise Highway Freeport NY 4,750 447 February 28, 2018 197 West Spring Valley Ave Maywood NJ 16,300 2,799 May 24, 2018 7 Francis Place Montclair NJ 3,000 966 2018 Total $ 4,931 (1) January 4, 2017 Yonkers Gateway Center Yonkers NY — (2) $ 51,902 January 17, 2017 Shops at Bruckner Bronx NY 114,000 32,269 February 2, 2017 Hudson Mall Jersey City NJ 383,000 44,273 May 24, 2017 Yonkers Gateway Center Yonkers NY 437,000 (2) 101,825 May 24, 2017 The Plaza at Cherry Hill Cherry Hill NJ 413,000 53,535 May 24, 2017 Manchester Plaza Manchester MO 131,000 20,162 May 24, 2017 Millburn Gateway Center Millburn NJ 102,000 45,583 May 24, 2017 21 E Broad St / One Lincoln Plaza Westfield NJ 22,000 10,158 May 25, 2017 The Plaza at Woodbridge Woodbridge NJ 411,000 103,962 2017 Total $ 463,669 (1) (1) The total purchase prices for the properties acquired in the year ended December 31, 2018 and December 31, 2017 , respectively, include $0.1 million and $11.3 million of transaction costs incurred in relation to the transactions. (2) On January 4, 2017, we acquired fee and leasehold interests, including the lessor position under an operating lease for the whole property. On May 24, 2017, we purchased the remaining fee and leasehold interests not previously acquired, including the lessee position under the operating lease for the whole property.
Schedule of Aggregate Purchase Price Allocations	The aggregate purchase price of the above property acquisitions has been allocated as follows: Property Name Land Buildings and improvements Identified intangible assets (1) Identified intangible liabilities (1) Debt premium Total Purchase Price (in thousands) 938 Spring Valley Road $ 519 $ 200 $ — $ — $ — $ 719 116 Sunrise Highway 151 296 — — — 447 197 West Spring Valley Ave 1,768 1,031 — — — 2,799 7 Francis Place 381 585 — — — 966 2018 Total $ 2,819 $ 2,112 $ — $ — $ — $ 4,931 Yonkers Gateway Center $ 40,699 $ — $ 25,858 $ (14,655 ) $ — $ 51,902 Shops at Bruckner — 32,979 12,029 (12,709 ) (30 ) 32,269 Hudson Mall 15,824 37,593 9,930 (17,344 ) (1,730 ) 44,273 Yonkers Gateway Center 22,642 110,635 38,162 (68,694 ) (920 ) 101,825 The Plaza at Cherry Hill 14,602 33,666 7,800 (2,533 ) — 53,535 Manchester Plaza 4,409 13,756 3,256 (1,259 ) — 20,162 Millburn Gateway Center 15,783 25,387 5,360 (947 ) — 45,583 21 E Broad St / One Lincoln Plaza 5,728 4,305 679 (554 ) — 10,158 The Plaza at Woodbridge 21,547 75,017 11,596 (4,198 ) — 103,962 2017 Total $ 141,234 $ 333,338 $ 114,670 $ (122,893 ) $ (2,680 ) $ 463,669 (1) As of December 31, 2018 , the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired in 2017 were 16.9 years and 15.1 years, respectively. As of December 31, 2017 , the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired in 2017 were 17.9 years and 16.6 years, respectively.

IDENTIFIED INTANGIBLE ASSETS _2

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Liabilities	The following table summarizes our identified intangible assets and liabilities: (Amounts in thousands) December 31, 2018 December 31, 2017 In-place leases $ 75,454 $ 88,355 Accumulated amortization (24,713 ) (21,557 ) Below-market ground leases (1) 23,730 23,730 Accumulated amortization (11,791 ) (10,819 ) Above-market leases 7,129 7,356 Accumulated amortization (2,565 ) (1,228 ) Other intangible assets 1,635 1,635 Accumulated amortization (457 ) (223 ) Identified intangible assets, net of accumulated amortization 68,422 87,249 Below-market leases 209,316 246,791 Accumulated amortization (65,058 ) (65,832 ) Identified intangible liabilities, net of accumulated amortization $ 144,258 $ 180,959 (1) Intangible assets related to below-market leases where the Company is a lessee under a ground lease.
Schedule of Estimated Annual Amortization Expense	The following table sets forth the estimated annual amortization expense related to intangible assets and liabilities for the five succeeding years commencing January 1, 2019: (Amounts in thousands) Below-Market Above-Market Below-Market Year Operating Lease Income Operating Lease Expense In-Place Leases Ground Leases 2019 $ 10,005 $ 1,289 $ 7,431 $ 972 2020 9,837 1,014 6,194 972 2021 9,699 807 4,982 622 2022 9,622 433 4,049 590 2023 9,575 327 3,717 590

MORTGAGES PAYABLE (Tables)

MORTGAGES PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Mortgages Payable	The following is a summary of mortgages payable as of December 31, 2018 and December 31, 2017 . Interest Rate at December 31, December 31, (Amounts in thousands) Maturity December 31, 2018 2018 2017 First mortgages secured by: Variable rate Cherry Hill (Plaza at Cherry Hill) (1) 5/24/2022 3.95% $ 28,930 $ 28,930 Westfield (One Lincoln Plaza) (1) 5/24/2022 3.95% 4,730 4,730 Woodbridge (Plaza at Woodbridge) (1) 5/25/2022 3.95% 55,340 55,340 Jersey City (Hudson Commons) (2) 11/15/2024 4.25% 29,000 29,000 Watchung (2) 11/15/2024 4.25% 27,000 27,000 Bronx (1750-1780 Gun Hill Road) (2) 12/1/2024 4.25% 24,500 24,500 Total variable rate debt 169,500 169,500 Fixed rate Montehiedra (senior loan) 7/6/2021 5.33% 84,860 86,236 Montehiedra (junior loan) 7/6/2021 3.00% 30,000 30,000 Bergen Town Center - West, Paramus 4/8/2023 3.56% 300,000 300,000 Bronx (Shops at Bruckner) 5/1/2023 3.90% 11,582 12,162 Jersey City (Hudson Mall) (5) 12/1/2023 5.07% 24,326 25,004 Yonkers Gateway Center (6) 4/6/2024 4.16% 31,704 33,227 Las Catalinas 8/6/2024 4.43% 130,000 130,000 Brick 12/10/2024 3.87% 50,000 50,000 North Plainfield 12/10/2025 3.99% 25,100 25,100 Middletown 12/1/2026 3.78% 31,400 31,400 Rockaway 12/1/2026 3.78% 27,800 27,800 East Hanover (200 - 240 Route 10 West) 12/10/2026 4.03% 63,000 63,000 North Bergen (Tonnelle Ave) (4) 4/1/2027 4.18% 100,000 100,000 Manchester 6/1/2027 4.32% 12,500 12,500 Millburn 6/1/2027 3.97% 24,000 24,000 Totowa 12/1/2027 4.33% 50,800 50,800 Woodbridge (Woodbridge Commons) 12/1/2027 4.36% 22,100 22,100 East Brunswick 12/6/2027 4.38% 63,000 63,000 East Rutherford 1/6/2028 4.49% 23,000 23,000 Hackensack 3/1/2028 4.36% 66,400 66,400 Marlton 12/1/2028 3.86% 37,400 37,400 East Hanover Warehouses 12/1/2028 4.09% 40,700 40,700 Union (2445 Springfield Ave) 12/10/2028 4.01% 45,600 45,600 Freeport (Freeport Commons) 12/10/2029 4.07% 43,100 43,100 Garfield 12/1/2030 4.14% 40,300 40,300 Mt Kisco (3) 11/15/2034 6.40% 13,987 14,451 Englewood (7) — —% — 11,537 Total fixed rate debt 1,392,659 1,408,817 Total mortgages payable 1,562,159 1,578,317 Unamortized debt issuance costs (11,917 ) (13,775 ) Total mortgages payable, net of unamortized debt issuance costs $ 1,550,242 $ 1,564,542 (1) Bears interest at one month LIBOR plus 160 bps. (2) Bears interest at one month LIBOR plus 190 bps. (3) The mortgage payable balance on the loan secured by Mount Kisco (Target) includes $1.0 million of unamortized debt discount as of both December 31, 2018 and December 31, 2017 , respectively. The effective interest rate including amortization of the debt discount is 7.30% as of December 31, 2018 . (4) On March 29, 2017, we refinanced the $74 million , 4.59% mortgage loan secured by our Tonnelle Commons property in North Bergen, NJ, increasing the principal balance to $100 million with a 10 -year fixed rate mortgage, at 4.18% . As a result, we recognized a loss on extinguishment of debt of $1.3 million during the year ended December 31, 2017 , comprised of a $1.1 million prepayment penalty and write-off of $0.2 million of unamortized deferred financing fees on the original loan. (5) The mortgage payable balance on the loan secured by Hudson Mall includes $1.2 million and $1.5 million of unamortized debt premium as of December 31, 2018 and December 31, 2017 , respectively. The effective interest rate including amortization of the debt premium is 3.88% as of December 31, 2018 . (6) The mortgage payable balance on the loan secured by Yonkers Gateway Center includes $0.7 million and $0.8 million of unamortized debt premium as of both December 31, 2018 and December 31, 2017 , respectively. The effective interest rate including amortization of the debt premium is 3.71% as of December 31, 2018 . (7) On January 31, 2018 , our property in Englewood, NJ was sold at a foreclosure sale and on February 23, 2018 , the court order was received approving the sale and discharging the receiver of all assets and liabilities related to the property.
Schedule of Principal Repayments	As of December 31, 2018 , the principal repayments for the next five years and thereafter are as follows: (Amounts in thousands) Year Ending December 31, 2019 $ 4,239 2020 7,567 2021 123,211 2022 100,896 2023 344,423 2024 274,370 Thereafter 707,453

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Tax Status of Dividends Paid	The Company satisfied its REIT distribution requirement by distributing $0.88 per common share in 2018. The taxability of such dividends are as follows: Year Ended December 31, 2018 2017 2016 Dividend paid per share $ 0.88 $ 0.88 $ 0.82 Ordinary income 100 % 58 % 100 % Return of capital — % — % — % Capital gains — % 42 % — %
Schedule of Income Tax Expense (Benefit)	Income tax expense (benefit) consists of the following: Year Ended December 31, (Amounts in thousands) 2018 2017 2016 Income tax expense (benefit): Current: U.S. federal income tax $ 154 $ — $ — U.S. state and local income tax 101 22 — Puerto Rico income tax 560 674 609 Total current 815 696 609 Deferred: Puerto Rico income tax 2,704 (974 ) 195 Total deferred 2,704 (974 ) 195 Total income tax expense (benefit) $ 3,519 $ (278 ) $ 804
Schedule of Net Deferred Income Tax Liability	Below is a table summarizing the net deferred income tax liability balance as of December 31, 2018 and 2017 : (Amounts in thousands) Balance at January 1, 2017 $ (3,802 ) Change in deferred tax assets: Depreciation (312 ) Amortization of deferred financing costs (46 ) Provision for doubtful accounts 514 Insurance claims receivable 501 Change in deferred tax liabilities: Depreciation 102 Straight-line rent 207 Amortization of acquired leases 8 Balance at December 31, 2017 (2,828 ) Change in deferred tax assets: Amortization of deferred financing costs (46 ) Provision for doubtful accounts (200 ) Insurance claims receivable (42 ) Charitable contribution 5 Change in deferred tax liabilities: Depreciation (2,261 ) Straight-line rent (181 ) Amortization of acquired leases 21 Balance at December 31, 2018 $ (5,532 )

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Financial Instrument Carrying Amounts and Fair Values	The table below summarizes the carrying amounts and fair value of these financial instruments as of December 31, 2018 and December 31, 2017 . As of December 31, 2018 As of December 31, 2017 (Amounts in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents $ 440,430 $ 440,430 $ 490,279 $ 490,279 Liabilities: Mortgages payable (1) $ 1,562,159 $ 1,543,963 $ 1,578,317 $ 1,579,839 (1) Carrying amounts exclude unamortized debt issuance costs of $11.9 million and $13.8 million as of December 31, 2018 and December 31, 2017 , respectively.
Schedule of Interest Rates Used for Fair Value of Mortgages Payable	The following market spreads were used by the Company to estimate the fair value of mortgages payable: December 31, 2018 December 31, 2017 Low High Low High Mortgages payable 1.7% 1.9% 1.7% 2.1%

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2018
Leases [Abstract]
Schedule of future minimum rental receivable	Future base rental revenue under these non-cancelable operating leases is as follows: (Amounts in thousands) Year Ending December 31, 2019 $ 256,598 2020 235,652 2021 216,247 2022 198,449 2023 176,282 Thereafter 986,865
Schedule of future minimum lease payments	Future lease payments under these agreements are as follows: (Amounts in thousands) Year Ending December 31, 2019 $ 10,640 2020 9,614 2021 8,957 2022 8,982 2023 8,850 Thereafter 85,535

PREPAID EXPENSES AND OTHER AS_2

PREPAID EXPENSES AND OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Composition of Prepaid Expenses and Other Assets	The following is a summary of the composition of the prepaid expenses and other assets in the consolidated balance sheets: Balance at (Amounts in thousands) December 31, 2018 December 31, 2017 Other assets $ 2,615 $ 3,771 Real estate held for sale — 3,285 Deposits for acquisitions 150 406 Prepaid expenses: Real estate taxes 6,911 7,094 Insurance 2,509 2,793 Rent, licenses/fees 783 1,210 Total Prepaid expenses and other assets $ 12,968 $ 18,559

ACCOUNTS PAYABLE, ACCRUED EXP_2

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Schedule of Accounts Payable, Accrued Expenses and Other Liabilities	The following is a summary of the composition of accounts payable, accrued expenses and other liabilities in the consolidated balance sheets: Balance at (Amounts in thousands) December 31, 2018 December 31, 2017 Deferred tenant revenue $ 28,697 $ 28,663 Accrued capital expenditures and leasing costs 29,754 18,024 Accrued interest payable 8,950 9,018 Deferred ground rent expense 7,070 6,499 Accrued payroll expenses 5,747 5,692 Security deposits 5,396 5,272 Deferred tax liability, net 5,532 2,828 Other liabilities and accrued expenses 7,371 8,770 Total accounts payable, accrued expenses and other liabilities $ 98,517 $ 84,766

INTEREST AND DEBT EXPENSE (Tabl

INTEREST AND DEBT EXPENSE (Tables)	12 Months Ended
	Dec. 31, 2018
Other Income and Expenses [Abstract]
Schedule of Interest and Debt Expense	The following table sets forth the details of interest and debt expense: Year Ended December 31, (Amounts in thousands) 2018 2017 2016 Interest expense $ 61,989 $ 53,342 $ 49,051 Amortization of deferred financing costs 2,879 2,876 2,830 Total Interest and debt expense $ 64,868 $ 56,218 $ 51,881

EARNINGS PER SHARE AND UNIT (Ta

EARNINGS PER SHARE AND UNIT (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings per Share and Unit	The following table sets forth the computation of our basic and diluted earnings per share: Year Ended December 31, (Amounts in thousands, except per share amounts) 2018 2017 2016 Numerator: Net income attributable to common shareholders $ 105,150 $ 67,070 $ 90,815 Less: Earnings allocated to unvested participating securities (184 ) (155 ) (114 ) Net income available for common shareholders - basic $ 104,966 $ 66,915 $ 90,701 Impact of assumed conversions: OP and LTIP units — 5,782 53 Net income available for common shareholders - dilutive $ 104,966 $ 72,697 $ 90,754 Denominator: Weighted average common shares outstanding - basic 113,863 107,132 99,364 Effect of dilutive securities: Stock options using the treasury stock method — 168 257 Restricted share awards 188 167 114 Assumed conversion of OP and LTIP units — 10,923 59 Weighted average common shares outstanding - diluted 114,051 118,390 99,794 Earnings per share available to common shareholders: Earnings per common share - Basic $ 0.92 $ 0.62 $ 0.91 Earnings per common share - Diluted $ 0.92 $ 0.61 $ 0.91 Operating Partnership Earnings per Unit The following table sets forth the computation of basic and diluted earnings per unit: Year Ended December 31, (Amounts in thousands, except per unit amounts) 2018 2017 2016 Numerator: Net income attributable to unitholders $ 116,918 $ 72,894 $ 96,627 Less: net income attributable to participating securities (200 ) (155 ) (211 ) Net income available for unitholders $ 116,718 $ 72,739 $ 96,416 Denominator: Weighted average units outstanding - basic 126,198 117,779 105,455 Effect of dilutive securities issued by Urban Edge 188 335 371 Unvested LTIP units — 276 273 Weighted average units outstanding - diluted 126,386 118,390 106,099 Earnings per unit available to unitholders: Earnings per unit - Basic $ 0.92 $ 0.62 $ 0.91 Earnings per unit - Diluted $ 0.92 $ 0.61 $ 0.91

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Options Activity	The following table presents stock option activity for the years ended December 31, 2018 , 2017 , and 2016 : Shares Under Options Weighted Average Exercise Price per Share Weighted Average Remaining Expected Term (In years) Outstanding at January 1, 2016 2,289,139 $ 23.89 6.15 Granted 196,713 23.52 6.00 Exercised (8,501 ) 24.46 — Forfeited or expired (5,067 ) 24.46 — Outstanding at December 31, 2016 2,472,284 23.86 5.33 Granted 137,259 28.36 6.01 Exercised — — — Forfeited or expired (5,879 ) 23.17 — Outstanding at December 31, 2017 2,603,664 24.09 4.40 Granted 2,146,885 21.71 4.58 Exercised — — — Forfeited or expired — — — Outstanding at December 31, 2018 4,750,549 $ 23.02 4.48 Exercisable at December 31, 2018 807,352 $ 24.03 —
Schedule of Assumptions Used to Estimate Fair Value of Options Granted	During the years ended December 31, 2018 , 2017 and 2016 , the fair value of the options granted was estimated on the grant date using the Black-Scholes pricing model with the following assumptions: February 8, 2016 February 24, 2017 February 22, 2018 September 27, 2018 Risk-free interest rate 1.31% 1.93% 2.73% 3.00% Expected option life 6.25 6.25 6.25 7.00 Expected volatility 23.94% 25.06% 32.23% 30.42%
Schedule of Restricted Share Activity	The following table presents information regarding restricted share activity during the years ended December 31, 2018 , 2017 , and 2016 : Shares Weighted Average Grant Date Fair Value per Share Unvested at January 1, 2016 30,717 $ 22.62 Granted 117,399 24.55 Vested (15,977 ) 23.17 Forfeited (2,744 ) 23.55 Unvested at December 31, 2016 129,395 24.29 Granted 104,698 27.69 Vested (53,236 ) 25.13 Forfeited (5,427 ) 24.64 Unvested at December 31, 2017 175,430 26.05 Granted 103,814 21.65 Vested (84,185 ) 25.67 Forfeited (32,482 ) 23.32 Unvested at December 31, 2018 162,577 $ 23.99
Summary of Share-based Compensation Expense	Share-based compensation expense, which is included in general and administrative expenses in our consolidated statements of income, is summarized as follows: Year Ended December 31, (Amounts in thousands) 2018 2017 2016 Share-based compensation expense components: Restricted share expense $ 2,051 $ 1,961 $ 1,314 Stock option expense 2,778 2,569 2,437 LTIP expense (1) 2,218 557 473 Outperformance Plan (“OPP”) expense 2,530 2,050 1,209 DSU expense 164 — — Total Share-based compensation expense $ 9,741 $ 7,137 $ 5,433 (1) LTIP expense excludes the expense associated with LTIP units under the 2015 OPP, 2017 OPP and 2018 LTI Plan

QUARTERLY FINANCIAL DATA (Table

QUARTERLY FINANCIAL DATA (Tables)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	The following tables summarize the quarterly results of operations of Urban Edge Properties and Urban Edge Properties LP for the years ended December 31, 2018 and 2017 : Three Months Ended, (Amounts in thousands, except per share/unit amounts) December 31, 2018 September 30, 2018 June 30, 2018 March 31, 2018 Total revenue $ 100,923 $ 112,214 $ 101,970 $ 99,053 Operating income 24,445 39,197 23,154 35,069 Net income 7,251 26,899 59,774 23,039 Net income attributable to noncontrolling interests in operating partnership (727 ) (2,688 ) (6,025 ) (2,328 ) Net income attributable to noncontrolling interests in consolidated subsidiaries (11 ) (11 ) (12 ) (11 ) Net income attributable to common shareholders 6,513 24,200 53,737 20,700 Net income attributable to unitholders 7,240 26,888 59,762 23,028 Earnings per common share - Basic 0.06 0.21 0.47 0.18 Earnings per common share - Diluted 0.06 0.21 0.47 0.18 Earnings per common unit - Basic 0.06 0.21 0.47 0.18 Earnings per common unit - Diluted 0.06 0.21 0.47 0.18 Three Months Ended, (Amounts in thousands, except per share/unit amounts) December 31, 2017 September 30, 2017 June 30, 2017 March 31, 2017 Total revenue $ 97,376 $ 94,101 $ 89,501 $ 126,064 Operating income 30,742 33,190 28,515 69,317 Net (loss) income (15,873 ) 19,156 14,920 54,735 Net loss (income) attributable to noncontrolling interests in operating partnership 1,607 (1,967 ) (1,326 ) (4,138 ) Net income attributable to noncontrolling interests in consolidated subsidiaries (11 ) (11 ) (11 ) (11 ) Net (loss) income attributable to common shareholders (14,277 ) 17,178 13,583 50,586 Net (loss) income attributable to unitholders (15,884 ) 19,145 14,909 54,724 Earnings (loss) per common share - Basic (0.13 ) 0.15 0.13 0.51 Earnings (loss) per common share - Diluted (0.13 ) 0.15 0.13 0.50 Earnings (loss) per common unit - Basic (0.13 ) 0.15 0.13 0.51 Earnings (loss) per common unit - Diluted (0.13 ) 0.15 0.13 0.50

ORGANIZATION (Details)

ORGANIZATION (Details) ft² in Millions	Jan. 15, 2015	Dec. 31, 2018ft²property
Real Estate Properties [Line Items]
Noncontrolling interest percentage		10.10%
Area of real estate property (in sq ft) | ft²		16.3
Warehouses
Real Estate Properties [Line Items]
Number of real estate properties		1
Wholly owned properties | Shopping Center
Real Estate Properties [Line Items]
Number of real estate properties		83
Wholly owned properties | Mall
Real Estate Properties [Line Items]
Number of real estate properties		4
Parent | Vornado Realty L.P.
Real Estate Properties [Line Items]
Noncontrolling interest percentage	5.40%	90.00%

BASIS OF PRESENTATION AND PRI_2

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION AND COMBINATION (Details)	12 Months Ended
	Dec. 31, 2018segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	1

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) ft² in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2018USD ($)ft²propertymall

Sep. 30, 2018USD ($)

Jun. 30, 2018USD ($)

Mar. 31, 2018USD ($)

Dec. 31, 2017USD ($)

Sep. 30, 2017USD ($)

Jun. 30, 2017USD ($)

Mar. 31, 2017USD ($)

Dec. 31, 2018USD ($)ft²propertymall

Dec. 31, 2017USD ($)

Dec. 31, 2016USD ($)

Jan. 01, 2019USD ($)

Property, Plant and Equipment [Line Items]

Impairment loss on real estate

$ 5,574,000

$ 5,637,000

$ 0

Term of share-based compensation awards

10 years

Area of real estate property (in sq ft) | ft²

16,300

16,300

Revenues

$ 100,923,000

$ 112,214,000

$ 101,970,000

$ 99,053,000

$ 97,376,000

$ 94,101,000

$ 89,501,000

$ 126,064,000

$ 414,160,000

407,042,000

$ 325,976,000

Number of properties subject to lease | property

24

24

Capitalized internal leasing overhead

$ 700,000

The Home Depot

Property, Plant and Equipment [Line Items]

Number of malls | property

7

7

Area of real estate property (in sq ft) | ft²

920

920

Customer Concentration Risk | Sales Revenue, Net | The Home Depot

Property, Plant and Equipment [Line Items]

Concentration risk percentage

5.50%

Revenues

$ 22,600,000

Puerto Rico

Property, Plant and Equipment [Line Items]

Number of malls | mall

2

2

Minimum

Property, Plant and Equipment [Line Items]

Estimated useful lives of real estate property

3 years

Maximum

Property, Plant and Equipment [Line Items]

Estimated useful lives of real estate property

40 years

Revolving Credit Facility | Revolving Credit Agreement

Property, Plant and Equipment [Line Items]

Amounts drawn under credit facility

$ 0

$ 0

Eatontown, NJ | Disposal Group, Disposed of by Sale, Not Discontinued Operations

Property, Plant and Equipment [Line Items]

Impairment loss on real estate

$ 3,500,000

Accounting Standards Update 2016-02 [Member] | Subsequent Event | Scenario, Forecast

Property, Plant and Equipment [Line Items]

Lease liability

$ 100,000,000

ACQUISITIONS AND DISPOSITIONS -

ACQUISITIONS AND DISPOSITIONS - Summary of Acquisition Activity (Details) $ in Thousands	May 24, 2018USD ($)ft²	Feb. 28, 2018USD ($)ft²	Feb. 23, 2018USD ($)ft²	Jan. 26, 2018USD ($)ft²	May 24, 2017USD ($)ft²	Feb. 02, 2017USD ($)ft²	Jan. 17, 2017USD ($)ft²	Jan. 04, 2017USD ($)ft²	Dec. 31, 2018USD ($)ft²	Dec. 31, 2017USD ($)	May 25, 2017ft²
Business Acquisition [Line Items]
Square Feet | ft²									16,300,000
Purchase Price									$ 4,931	$ 463,669
Transaction costs									$ 100	$ 11,300
938 Spring Valley Road
Business Acquisition [Line Items]
Square Feet | ft²				2,000
Purchase Price				$ 719
116 Sunrise Highway
Business Acquisition [Line Items]
Square Feet | ft²			4,750
Purchase Price			$ 447
197 West Spring Valley Ave
Business Acquisition [Line Items]
Square Feet | ft²		16,000
Purchase Price		$ 2,799
7 Francis Place
Business Acquisition [Line Items]
Square Feet | ft²	3,000
Purchase Price	$ 966
Yonkers Gateway Center
Business Acquisition [Line Items]
Square Feet | ft²								0
Purchase Price								$ 51,902
Transaction costs								$ 200
Shops at Bruckner
Business Acquisition [Line Items]
Square Feet | ft²							114,000
Purchase Price							$ 32,269
Transaction costs							$ 300
Hudson Mall
Business Acquisition [Line Items]
Square Feet | ft²						383,000
Purchase Price						$ 44,273
Transaction costs						$ 600
Yonkers Gateway Center
Business Acquisition [Line Items]
Square Feet | ft²					437,000
Purchase Price					$ 101,825
The Plaza at Cherry Hill
Business Acquisition [Line Items]
Square Feet | ft²					413,000
Purchase Price					$ 53,535
Manchester Plaza
Business Acquisition [Line Items]
Square Feet | ft²					131,000
Purchase Price					$ 20,162
Millburn Gateway Center
Business Acquisition [Line Items]
Square Feet | ft²					102,000
Purchase Price					$ 45,583
21 E Broad St / One Lincoln Plaza
Business Acquisition [Line Items]
Square Feet | ft²					22,000
Purchase Price					$ 10,158
The Plaza at Woodbridge
Business Acquisition [Line Items]
Square Feet | ft²											411,000
Purchase Price					$ 103,962

ACQUISITIONS AND DISPOSITIONS_2

ACQUISITIONS AND DISPOSITIONS - Additional Information (Details) $ / shares in Units, ft² in Thousands, $ in Thousands, shares in Millions

Jul. 05, 2018USD ($)

Sep. 08, 2017USD ($)

May 25, 2017USD ($)ft²$ / sharesshares

Feb. 02, 2017USD ($)ft²

Jan. 17, 2017USD ($)ft²

Jan. 04, 2017USD ($)ft²$ / sharesshares

Dec. 31, 2019USD ($)

Dec. 31, 2018USD ($)ft²

Dec. 31, 2017USD ($)

Dec. 31, 2016USD ($)

Apr. 23, 2018USD ($)

Jun. 30, 2017USD ($)

Business Acquisition [Line Items]

Area of real estate property (in sq ft) | ft²

16,300

Business acquisition, transaction costs

$ 100

$ 11,300

Income from acquired leasehold interest

0

39,215

$ 0

Business acquisition, consideration paid

4,931

463,669

Impairment loss on real estate

5,574

5,637

0

Gain on sale of real estate

52,625

202

$ 15,618

Eatontown, NJ | Disposal Group, Disposed of by Sale, Not Discontinued Operations

Business Acquisition [Line Items]

Impairment loss on real estate

3,500

Consideration received on sale of real estate part of disposal group

$ 4,800

Kearny, NJ | Disposal Group, Disposed of by Sale, Not Discontinued Operations

Business Acquisition [Line Items]

Consideration received on sale of real estate part of disposal group

$ 300

Gain on sale of real estate

$ 200

Allentown, PA | Disposal Group, Disposed of by Sale, Not Discontinued Operations

Business Acquisition [Line Items]

Consideration received on sale of real estate part of disposal group

$ 54,300

Gain on sale of real estate

50,400

West Babylon, NY | Disposal Group, Held-for-sale, Not Discontinued Operations

Business Acquisition [Line Items]

Impairment loss on real estate

$ 2,500

Yonkers Gateway Center

Business Acquisition [Line Items]

Cash acquisition price

$ 2,900

Area of real estate property (in sq ft) | ft²

0

Business acquisition, equity interest issued or issuable, value

$ 48,800

Business acquisition, equity interest issued or issuable, units (in shares) | shares

1.8

Business acquisition, unit price (in dollars per share) | $ / shares

$ 27.09

Business acquisition, transaction costs

$ 200

Business acquisition, consideration paid

$ 51,902

Shops at Bruckner

Business Acquisition [Line Items]

Cash acquisition price

$ 19,400

Area of real estate property (in sq ft) | ft²

114

Business acquisition, transaction costs

$ 300

Income from acquired leasehold interest

$ 39,200

Business acquisition, consideration paid

32,269

Shops at Bruckner | Mortgages

Business Acquisition [Line Items]

Business acquisition, debt assumed

$ 12,600

Hudson Mall

Business Acquisition [Line Items]

Cash acquisition price

$ 19,900

Area of real estate property (in sq ft) | ft²

383

Business acquisition, transaction costs

$ 600

Business acquisition, consideration paid

44,273

Hudson Mall | Mortgages

Business Acquisition [Line Items]

Business acquisition, debt assumed

$ 23,800

Ackerman Portfolio

Business Acquisition [Line Items]

Cash acquisition price

$ 44,000

Business acquisition, equity interest issued or issuable, value

$ 122,000

Business acquisition, equity interest issued or issuable, units (in shares) | shares

4.5

Business acquisition, unit price (in dollars per share) | $ / shares

$ 27.02

Business acquisition, transaction costs

$ 10,200

Business acquisition, debt assumed

$ 33,000

Area of land (in sq ft/acres) | ft²

1,500

Business acquisition, consideration paid

$ 325,000

Percentage of leased area

83.00%

Ackerman Portfolio | Mortgages

Business Acquisition [Line Items]

Business acquisition, non-recourse debt issued

$ 126,000

Office Building in Maywood, NJ | Scenario, Forecast

Business Acquisition [Line Items]

Business acquisition, consideration paid

$ 7,100

Kearny, NJ | Excess Land Cherry Hill, NJ | Disposal Group, Disposed of by Sale, Not Discontinued Operations

Business Acquisition [Line Items]

Consideration received on sale of real estate part of disposal group

$ 3,300

Gain on sale of real estate

$ 2,200

ACQUISITIONS AND DISPOSITIONS_3

ACQUISITIONS AND DISPOSITIONS - Aggregate Purchase Price Allocation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Land	$ 2,819	$ 141,234
Buildings and improvements	2,112	333,338
Identified intangible assets	0	114,670
Identified intangible liabilities	0	(122,893)
Debt premium	0	(2,680)
Total purchase price	$ 4,931	$ 463,669
Remaining weighted average amortization period of acquired intangibles	16 years 10 months 7 days	17 years 10 months 24 days
Remaining weighted average amortization period of acquired intangibles liabilities	15 years 1 month 1 day	16 years 6 months 24 days
938 Spring Valley Road
Business Acquisition [Line Items]
Land	$ 519
Buildings and improvements	200
Identified intangible assets	0
Identified intangible liabilities	0
Debt premium	0
Total purchase price	719
116 Sunrise Highway
Business Acquisition [Line Items]
Land	151
Buildings and improvements	296
Identified intangible assets	0
Identified intangible liabilities	0
Debt premium	0
Total purchase price	447
197 West Spring Valley Ave
Business Acquisition [Line Items]
Land	1,768
Buildings and improvements	1,031
Identified intangible assets	0
Identified intangible liabilities	0
Debt premium	0
Total purchase price	2,799
7 Francis Place
Business Acquisition [Line Items]
Land	381
Buildings and improvements	585
Identified intangible assets	0
Identified intangible liabilities	0
Debt premium	0
Total purchase price	$ 966
Yonkers Gateway Center
Business Acquisition [Line Items]
Land		$ 40,699
Buildings and improvements		0
Identified intangible assets		25,858
Identified intangible liabilities		(14,655)
Debt premium		0
Total purchase price		51,902
Shops at Bruckner
Business Acquisition [Line Items]
Land		0
Buildings and improvements		32,979
Identified intangible assets		12,029
Identified intangible liabilities		(12,709)
Debt premium		(30)
Total purchase price		32,269
Hudson Mall
Business Acquisition [Line Items]
Land		15,824
Buildings and improvements		37,593
Identified intangible assets		9,930
Identified intangible liabilities		(17,344)
Debt premium		(1,730)
Total purchase price		44,273
Yonkers Gateway Center
Business Acquisition [Line Items]
Land		22,642
Buildings and improvements		110,635
Identified intangible assets		38,162
Identified intangible liabilities		(68,694)
Debt premium		(920)
Total purchase price		101,825
The Plaza at Cherry Hill
Business Acquisition [Line Items]
Land		14,602
Buildings and improvements		33,666
Identified intangible assets		7,800
Identified intangible liabilities		(2,533)
Debt premium		0
Total purchase price		53,535
Manchester Plaza
Business Acquisition [Line Items]
Land		4,409
Buildings and improvements		13,756
Identified intangible assets		3,256
Identified intangible liabilities		(1,259)
Debt premium		0
Total purchase price		20,162
Millburn Gateway Center
Business Acquisition [Line Items]
Land		15,783
Buildings and improvements		25,387
Identified intangible assets		5,360
Identified intangible liabilities		(947)
Debt premium		0
Total purchase price		45,583
21 E Broad St / One Lincoln Plaza
Business Acquisition [Line Items]
Land		5,728
Buildings and improvements		4,305
Identified intangible assets		679
Identified intangible liabilities		(554)
Debt premium		0
Total purchase price		10,158
The Plaza at Woodbridge
Business Acquisition [Line Items]
Land		21,547
Buildings and improvements		75,017
Identified intangible assets		11,596
Identified intangible liabilities		(4,198)
Debt premium		0
Total purchase price		$ 103,962

IDENTIFIED INTANGIBLE ASSETS _3

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES - Identifiable Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
In-place leases, gross	$ 75,454	$ 88,355
Accumulated amortization, identified intangible assets	(39,526)	(33,827)
Identified intangible assets, net of accumulated amortization	68,422	87,249
Below-market lease liability, gross	209,316	246,791
Accumulated amortization, below-market lease liabilities	(65,058)	(65,832)
Identified intangible liabilities, net of accumulated amortization	144,258	180,959
In-place leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization, identified intangible assets	(24,713)	(21,557)
Below-market ground leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization, identified intangible assets	(11,791)	(10,819)
Below and above-market leases and other intangibles, gross	23,730	23,730
Above-market leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization, identified intangible assets	(2,565)	(1,228)
Below and above-market leases and other intangibles, gross	7,129	7,356
Accumulated amortization
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization, identified intangible assets	(457)	(223)
Below and above-market leases and other intangibles, gross	$ 1,635	$ 1,635

IDENTIFIED INTANGIBLE ASSETS _4

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Identified intangible assets, net of accumulated amortization	$ 68,422	$ 87,249
Identified intangible liabilities, net of accumulated amortization	144,258	180,959
Amortization of acquired below-market leases, net of above-market leases	34,000	9,500	$ 7,800
Amortization expense of intangible assets	15,100	9,300	2,000
Amortization of below-market Lease	$ 1,000	$ 1,000	$ 1,000

IDENTIFIED INTANGIBLE ASSETS _5

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES - Schedule of Estimated Annual Amortization Expense (Details) $ in Thousands	Dec. 31, 2018USD ($)
Below-Market Operating Leases
2,018	$ 10,005
2,019	9,837
2,020	9,699
2,021	9,622
2,022	9,575
Below-Market Ground Leases
2,018	972
2,019	972
2,020	622
2,021	590
2,022	590
Above-market leases
Operating Leases
2,018	1,289
2,019	1,014
2,020	807
2,021	433
2,022	327
In-place leases
Operating Leases
2,018	7,431
2,019	6,194
2,020	4,982
2,021	4,049
2,022	$ 3,717

MORTGAGES PAYABLE - Summary of

MORTGAGES PAYABLE - Summary of Mortgages Payable (Details) - USD ($) $ in Thousands	Mar. 29, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Feb. 23, 2018	Mar. 28, 2017
Debt Instrument [Line Items]
Total mortgages payable, net of unamortized debt issuance costs		$ 1,550,242	$ 1,564,542
Gain (loss) on extinguishment of debt		2,524	(35,336)	$ 0
Mortgages | First Mortgage
Debt Instrument [Line Items]
Total mortgages payable		1,562,159	1,578,317
Unamortized debt issuance costs		(11,917)	(13,775)
Total mortgages payable, net of unamortized debt issuance costs		1,550,242	1,564,542
Mortgages | First Mortgage | Variable rate
Debt Instrument [Line Items]
Total mortgages payable		$ 169,500	169,500
Mortgages | First Mortgage | Variable rate | The Plaza at Cherry Hill
Debt Instrument [Line Items]
Interest rate		3.95%
Total mortgages payable		$ 28,930	$ 28,930
Mortgages | First Mortgage | Variable rate | The Plaza at Cherry Hill | LIBOR
Debt Instrument [Line Items]
Interest rate spread on variable rate		160.00%	160.00%
Mortgages | First Mortgage | Variable rate | Westfield - One Lincoln Plaza
Debt Instrument [Line Items]
Interest rate		3.95%
Total mortgages payable		$ 4,730	$ 4,730
Mortgages | First Mortgage | Variable rate | Westfield - One Lincoln Plaza | LIBOR
Debt Instrument [Line Items]
Interest rate spread on variable rate		160.00%	160.00%
Mortgages | First Mortgage | Variable rate | The Plaza at Woodbridge
Debt Instrument [Line Items]
Interest rate		3.95%
Total mortgages payable		$ 55,340	$ 55,340
Mortgages | First Mortgage | Variable rate | The Plaza at Woodbridge | LIBOR
Debt Instrument [Line Items]
Interest rate spread on variable rate		160.00%	160.00%
Mortgages | First Mortgage | Variable rate | Hudson Commons
Debt Instrument [Line Items]
Interest rate		4.25%
Total mortgages payable		$ 29,000	$ 29,000
Mortgages | First Mortgage | Variable rate | Hudson Commons | LIBOR
Debt Instrument [Line Items]
Interest rate spread on variable rate		190.00%
Mortgages | First Mortgage | Variable rate | Watchung, NJ
Debt Instrument [Line Items]
Interest rate		4.25%
Total mortgages payable		$ 27,000	27,000
Mortgages | First Mortgage | Variable rate | Watchung, NJ | LIBOR
Debt Instrument [Line Items]
Interest rate spread on variable rate		190.00%
Mortgages | First Mortgage | Variable rate | Bronx (1750-1780 Gun Hill Road), NY
Debt Instrument [Line Items]
Interest rate		4.25%
Total mortgages payable		$ 24,500	24,500
Mortgages | First Mortgage | Variable rate | Bronx (1750-1780 Gun Hill Road), NY | LIBOR
Debt Instrument [Line Items]
Interest rate spread on variable rate		190.00%
Mortgages | First Mortgage | Fixed rate
Debt Instrument [Line Items]
Total mortgages payable		$ 1,392,659	1,408,817
Mortgages | First Mortgage | Fixed rate | Montehiedra Town Center | Senior Loan
Debt Instrument [Line Items]
Interest rate		5.33%
Total mortgages payable		$ 84,860	86,236
Mortgages | First Mortgage | Fixed rate | Montehiedra Town Center | Junior Loan
Debt Instrument [Line Items]
Interest rate		3.00%
Total mortgages payable		$ 30,000	30,000
Mortgages | First Mortgage | Fixed rate | Bergen Town Center
Debt Instrument [Line Items]
Interest rate		3.56%
Total mortgages payable		$ 300,000	300,000
Mortgages | First Mortgage | Fixed rate | Shops at Bruckner
Debt Instrument [Line Items]
Interest rate		3.90%
Total mortgages payable		$ 11,582	12,162
Mortgages | First Mortgage | Fixed rate | Hudson Mall
Debt Instrument [Line Items]
Interest rate		5.07%
Total mortgages payable		$ 24,326	25,004
Effective interest rate		3.88%
Unamortized debt premium		$ 1,200	1,500
Mortgages | First Mortgage | Fixed rate | Yonkers Gateway Center
Debt Instrument [Line Items]
Interest rate		4.16%
Total mortgages payable		$ 31,704	33,227
Effective interest rate		3.71%
Unamortized debt premium		$ 700	800
Mortgages | First Mortgage | Fixed rate | Las Catalinas
Debt Instrument [Line Items]
Interest rate		4.43%
Total mortgages payable		$ 130,000	130,000
Mortgages | First Mortgage | Fixed rate | Brick, NJ
Debt Instrument [Line Items]
Interest rate		3.87%
Total mortgages payable		$ 50,000	50,000
Mortgages | First Mortgage | Fixed rate | North Plainfield, NJ
Debt Instrument [Line Items]
Interest rate		3.99%
Total mortgages payable		$ 25,100	25,100
Mortgages | First Mortgage | Fixed rate | Middletown, NJ
Debt Instrument [Line Items]
Interest rate		3.78%
Total mortgages payable		$ 31,400	31,400
Mortgages | First Mortgage | Fixed rate | Rockaway
Debt Instrument [Line Items]
Interest rate		3.78%
Total mortgages payable		$ 27,800	27,800
Mortgages | First Mortgage | Fixed rate | East Hanover (200 - 240 Route 10 West), NJ
Debt Instrument [Line Items]
Interest rate		4.03%
Total mortgages payable		$ 63,000	63,000
Mortgages | First Mortgage | Fixed rate | North Bergen (Tonnelle Avenue), NJ
Debt Instrument [Line Items]
Interest rate	4.18%	4.18%				4.59%
Total mortgages payable	$ 100,000	$ 100,000	100,000			$ 74,000
Debt instrument, term	10 years
Gain (loss) on extinguishment of debt			(1,300)
Prepayment penalty			1,100
Write-off of unamortized deferred financing fees			200
Mortgages | First Mortgage | Fixed rate | Manchester Plaza
Debt Instrument [Line Items]
Interest rate		4.32%
Total mortgages payable		$ 12,500	12,500
Mortgages | First Mortgage | Fixed rate | Millburn
Debt Instrument [Line Items]
Interest rate		3.97%
Total mortgages payable		$ 24,000	24,000
Mortgages | First Mortgage | Fixed rate | Totowa, NJ
Debt Instrument [Line Items]
Interest rate		4.33%
Total mortgages payable		$ 50,800	50,800
Mortgages | First Mortgage | Fixed rate | Woodbridge Commons
Debt Instrument [Line Items]
Interest rate		4.36%
Total mortgages payable		$ 22,100	22,100
Mortgages | First Mortgage | Fixed rate | East Brunswick, NJ
Debt Instrument [Line Items]
Interest rate		4.38%
Total mortgages payable		$ 63,000	63,000
Mortgages | First Mortgage | Fixed rate | East Rutherford, NJ
Debt Instrument [Line Items]
Interest rate		4.49%
Total mortgages payable		$ 23,000	23,000
Mortgages | First Mortgage | Fixed rate | Hackensack, NJ
Debt Instrument [Line Items]
Interest rate		4.36%
Total mortgages payable		$ 66,400	66,400
Mortgages | First Mortgage | Fixed rate | Marlton, NJ
Debt Instrument [Line Items]
Interest rate		3.86%
Total mortgages payable		$ 37,400	37,400
Mortgages | First Mortgage | Fixed rate | East Hanover Warehouses
Debt Instrument [Line Items]
Interest rate		4.09%
Total mortgages payable		$ 40,700	40,700
Mortgages | First Mortgage | Fixed rate | Union (2445 Springfield Avenue), NJ
Debt Instrument [Line Items]
Interest rate		4.01%
Total mortgages payable		$ 45,600	45,600
Mortgages | First Mortgage | Fixed rate | Freeport (437 East Sunrise Highway), NY
Debt Instrument [Line Items]
Interest rate		4.07%
Total mortgages payable		$ 43,100	43,100
Mortgages | First Mortgage | Fixed rate | Garfield, NJ
Debt Instrument [Line Items]
Interest rate		4.14%
Total mortgages payable		$ 40,300	40,300
Mortgages | First Mortgage | Fixed rate | Mount Kisco (Target)
Debt Instrument [Line Items]
Interest rate		6.40%
Total mortgages payable		$ 13,987	14,451
Unamortized debt discount		$ (1,000)	(1,000)
Effective interest rate		7.30%
Mortgages | First Mortgage | Fixed rate | Englewood
Debt Instrument [Line Items]
Interest rate		0.00%
Total mortgages payable		$ 0	$ 11,537		$ 11,500
Gain (loss) on extinguishment of debt		$ 2,500

MORTGAGES PAYABLE - Additional

MORTGAGES PAYABLE - Additional Information (Details)	Mar. 07, 2017USD ($)extension_option	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Feb. 23, 2018USD ($)	Jan. 15, 2015USD ($)
Debt Instrument [Line Items]
Net carrying amount of real estate collateralizing indebtedness		$ 1,300,000,000
Gain (loss) on extinguishment of debt		2,524,000	$ (35,336,000)	$ 0
Increase in credit facility	$ 100,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 600,000,000
Revolving Credit Facility | Revolving Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 500,000,000
Number of extension options | extension_option	2
Term of each extension option	6 months
Amounts drawn under credit facility		0
Borrowing rate	1.15%
Facility fee	200.00%
Gross debt issuance costs		2,200,000	3,200,000
Revolving Credit Facility | Revolving Credit Agreement | Maximum
Debt Instrument [Line Items]
Financial covenants, maximum leverage ratio						0.6
Facility fee	35.00%
Revolving Credit Facility | Revolving Credit Agreement | Minimum
Debt Instrument [Line Items]
Financial covenants, minimum fixed charge coverage ratio	1.5
Facility fee	15.00%
Revolving Credit Facility | Revolving Credit Agreement | LIBOR | Maximum
Debt Instrument [Line Items]
Interest rate spread on variable rate	1.55%
Revolving Credit Facility | Revolving Credit Agreement | LIBOR | Minimum
Debt Instrument [Line Items]
Interest rate spread on variable rate	1.10%
First Mortgage | Mortgages
Debt Instrument [Line Items]
Total mortgages payable		1,562,159,000	1,578,317,000
First Mortgage | Mortgages | Fixed rate
Debt Instrument [Line Items]
Total mortgages payable		1,392,659,000	1,408,817,000
First Mortgage | Mortgages | Englewood, NJ | Fixed rate
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt		2,500,000
Total mortgages payable		$ 0	$ 11,537,000		$ 11,500,000
Borrowing rate		0.00%

MORTGAGES PAYABLE - Schedule of

MORTGAGES PAYABLE - Schedule of Maturities (Details) $ in Thousands	Dec. 31, 2018USD ($)
Debt Disclosure [Abstract]
2,019	$ 4,239
2,020	7,567
2,021	123,211
2,022	100,896
2,023	344,423
2,024	274,370
Thereafter	$ 707,453

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details)	12 Months Ended
	Dec. 31, 2018USD ($)mall$ / shares	Dec. 31, 2017USD ($)$ / shares	Dec. 31, 2016USD ($)$ / shares
Income Tax Contingency [Line Items]
Distributions to redeemable NCI (in dollars per unit) | $ / shares	$ 0.88	$ 0.88	$ 0.82
Dividends paid (in dollars per share) | $ / shares	$ 0.88	$ 0.88	$ 0.82
Income tax (benefit) expense	$ 3,519,000	$ (278,000)	$ 804,000
Deferred tax liability, net	5,532,000	2,828,000
Deferred tax asset valuation allowance	$ 0
Commonwealth of Puerto Rico
Income Tax Contingency [Line Items]
Non-resident withholding tax percentage	29.00%
Income tax (benefit) expense	$ 3,300,000	(300,000)	800,000
Deferred tax liabilities, gross	6,600,000
Deferred tax assets, net	1,100,000
Deferred tax liabilities, tax depreciation in excess of GAAP	4,500,000
Deferred tax liabilities, straight-line rent	1,900,000
Deferred tax liabilities, amortization of acquired leases	200,000
Deferred tax assets, insurance claims receivable	500,000
Deferred tax asset, amortization of deferred financing fees	100,000
Deferred tax assets, excess of bad debt expense for tax purposes	500,000
Commonwealth of Puerto Rico | Other Liabilities
Income Tax Contingency [Line Items]
Deferred tax liability, net	$ 5,532,000	$ 2,828,000	$ 3,802,000
Puerto Rico
Income Tax Contingency [Line Items]
Number of malls | mall	2
Vornado
Income Tax Contingency [Line Items]
Percentage of taxable income distributed as dividends to stockholders	100.00%
Allentown, PA
Income Tax Contingency [Line Items]
Income tax (benefit) expense	$ 200,000

INCOME TAXES - Tax Status of Di

INCOME TAXES - Tax Status of Dividends Paid (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Dividend paid per share	$ 0.88	$ 0.88	$ 0.82
Ordinary income	100.00%	58.00%	100.00%
Return of capital	0.00%	0.00%	0.00%
Capital gains	0.00%	42.00%	0.00%

INCOME TAXES - Income Tax Expen

INCOME TAXES - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Current:
U.S. federal income tax	$ 154	$ 0	$ 0
U.S. state and local income tax	101	22	0
Total current	815	696	609
Deferred:
Total deferred	2,704	(974)	195
Total income tax expense (benefit)	3,519	(278)	804
Commonwealth of Puerto Rico
Current:
Puerto Rico income tax	560	674	609
Deferred:
Puerto Rico income tax	2,704	(974)	195
Total income tax expense (benefit)	$ 3,300	$ (300)	$ 800

INCOME TAXES - Net Deferred Inc

INCOME TAXES - Net Deferred Income Tax Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Deferred Tax Liabilities, Net [Roll Forward]
Deferred tax liability, net, beginning balance	$ (2,828)
Change in deferred tax liabilities:
Deferred tax liability, net, ending balance	(5,532)	$ (2,828)
Commonwealth of Puerto Rico
Change in deferred tax assets:
Depreciation		(312)
Amortization of deferred financing costs	(46)	(46)
Provision for doubtful accounts	(200)	514
Insurance claims receivable	(42)	501
Charitable contribution	5
Change in deferred tax liabilities:
Depreciation	(2,261)	102
Straight-line rent	(181)	207
Amortization of acquired leases	21	8
Commonwealth of Puerto Rico | Other Liabilities
Deferred Tax Liabilities, Net [Roll Forward]
Deferred tax liability, net, beginning balance	(2,828)	(3,802)
Change in deferred tax liabilities:
Deferred tax liability, net, ending balance	$ (5,532)	$ (2,828)

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment loss on real estate	$ 5,574	$ 5,637	$ 0
Salem, NH | Disposal Group, Held-for-sale, Not Discontinued Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment loss on real estate	3,100
West Babylon, NY | Disposal Group, Held-for-sale, Not Discontinued Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment loss on real estate	2,500
Eatontown, NJ | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment loss on real estate		3,500
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	0	0
Financial liabilities measured at fair value	0	0
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	0	0
Financial liabilities measured at fair value	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Balan

FAIR VALUE MEASUREMENTS - Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 440,430	$ 490,279	$ 131,654	$ 168,983
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	440,430	490,279
Carrying Amount | Mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgages payable	1,562,159	1,578,317
Unamortized debt issuance costs	(11,900)	(13,800)
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	440,430	490,279
Fair Value | Mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgages payable	$ 1,543,963	$ 1,579,839

FAIR VALUE MEASUREMENTS - Inter

FAIR VALUE MEASUREMENTS - Interest Rates Used for Fair Value of Mortgages Payable (Details) - Mortgages	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Low
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value input, interest rate	1.70%	1.70%
High
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value input, interest rate	1.90%	2.10%

LEASES - Future Rental Revenues

LEASES - Future Rental Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating Leases, Future Minimum Payments Receivable [Abstract]
2,019	$ 256,598
2,020	235,652
2,021	216,247
2,022	198,449
2,023	176,282
Thereafter	986,865
Additional rent based on percentage of tenants' sales or reimbursements	2,000	$ 1,200	$ 800
Tenant Expense Reimbursements
Capital Leased Assets [Line Items]
Revenues	$ 108,700	$ 99,100	$ 84,900

LEASES - Future Lease Payments

LEASES - Future Lease Payments (Details) $ in Thousands	Dec. 31, 2018USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,019	$ 10,640
2,020	9,614
2,021	8,957
2,022	8,982
2,023	8,850
Thereafter	$ 85,535

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) ft² in Thousands	Jan. 19, 2019USD ($)	Oct. 24, 2018USD ($)ft²property	Oct. 15, 2018USD ($)ft²property	Mar. 14, 2018USD ($)property	Dec. 31, 2018USD ($)ft²propertymall	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Aug. 06, 2018ft²property	Sep. 20, 2017mall
Loss Contingencies [Line Items]
Real estate redevelopment in process					$ 196,500,000
Estimated cost to complete development and redevelopment projects					$ 50,500,000
Development in process, estimated duration to complete					2 years
Insurance coverage, general liability insurance, limit per occurrence					$ 200,000,000
Insurance coverage, rental value insurance, limit per occurrence					500,000,000
Insurance coverage, terrorism acts insurance, limit per occurrence					5,000,000
Casualty and impairment loss					5,574,000	$ 5,637,000	$ 0
Provision (reversal) of provision for doubtful accounts					4,138,000	3,445,000	$ 1,214,000
Accrued environmental remediation costs					$ 1,700,000	1,200,000
Number of properties subject to lease | property					24
Area of real estate property (in sq ft) | ft²					16,300
Toys “R” Us | Property Subject to Operating Lease
Loss Contingencies [Line Items]
Number of properties subject to lease | property				9
Annual gross rents				$ 7,600,000
Sears (Kmart) | Property Subject to Operating Lease
Loss Contingencies [Line Items]
Number of properties subject to lease | property			4
Area of real estate property (in sq ft) | ft²			547
Annual gross rents			$ 8,500,000
Sears (Kmart) | Property Subject to Operating Lease | Subsequent Event
Loss Contingencies [Line Items]
Consideration receivable on sales of stores under bankruptcy proceedings by lessee	$ 5,200,000,000
National Wholesale Liquidators | Property Subject to Operating Lease
Loss Contingencies [Line Items]
Number of properties subject to lease | property		1
Area of real estate property (in sq ft) | ft²		171
Annual gross rents		$ 3,100,000
Write-off of receivables from straight-line rents and reserves					$ 800,000
Environmental Remediation
Loss Contingencies [Line Items]
Cost of services, environmental remediation					600,000
Hudson Mall in Jersey City, NJ and Bruckner Commons in the Bronx, NY [Member] | Toys “R” Us | Property Leased by Customer in Bankruptcy
Loss Contingencies [Line Items]
Proceeds from lease payments					15,500,000
Woodbridge, NJ, Union, NJ, Amherst, NY and Wilkes-Barre, PA, Cherry Hill, NJ and Salem, NH | Toys “R” Us | Property Leased by Customer in Bankruptcy
Loss Contingencies [Line Items]
Annual gross rents					5,700,000
Write-off of below-market lease intangible					21,600,000
Write-off of receivables from straight-line rents and reserves					1,000,000
Bronx (Shops at Bruckner), NY | Fallas | Property Subject to Operating Lease
Loss Contingencies [Line Items]
Number of properties subject to lease | property								1
Area of real estate property (in sq ft) | ft²								38
Annual gross rents					1,400,000
Write-off of below-market lease intangible					$ 800,000
Puerto Rico
Loss Contingencies [Line Items]
Number of malls | mall					2
Puerto Rico | Hurricane Maria | Hurricane
Loss Contingencies [Line Items]
Number of malls | mall									2
Casualty and impairment loss						2,200,000
Hurricane-related expenses						1,700,000
Loss contingency, insurance proceeds received					$ 1,500,000
Rent abatements and tenant expense reimbursements					700,000	900,000
Provision (reversal) of provision for doubtful accounts					(400,000)	1,300,000
Puerto Rico | Hurricane Maria | Hurricane | Business Interruption
Loss Contingencies [Line Items]
Hurricane-related expenses					300,000
Net casualty gains					1,200,000
Business interruption losses					300,000	2,200,000
Cash advance received from insurance						$ 1,800,000
Puerto Rico | Montehiedra Town Center and Las Catalinas Mall | Hurricane Maria
Loss Contingencies [Line Items]
Insurance coverage, rental value insurance, limit per occurrence					$ 139,000,000

PREPAID EXPENSES AND OTHER AS_3

PREPAID EXPENSES AND OTHER ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other assets	$ 2,615	$ 3,771
Real estate held for sale	0	3,285
Deposits for acquisitions	150	406
Prepaid expenses:
Real estate taxes	6,911	7,094
Insurance	2,509	2,793
Rent, licenses/fees	783	1,210
Total Prepaid expenses and other assets	$ 12,968	$ 18,559

ACCOUNTS PAYABLE, ACCRUED EXP_3

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Deferred tenant revenue	$ 28,697	$ 28,663
Accrued capital expenditures and leasing costs	29,754	18,024
Accrued interest payable	8,950	9,018
Deferred ground rent expense	7,070	6,499
Accrued payroll expenses	5,747	5,692
Security deposits	5,396	5,272
Deferred tax liability, net	5,532	2,828
Other liabilities and accrued expenses	7,371	8,770
Total accounts payable, accrued expenses and other liabilities	$ 98,517	$ 84,766

INTEREST AND DEBT EXPENSE (Deta

INTEREST AND DEBT EXPENSE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other Income and Expenses [Abstract]
Interest expense	$ 61,989	$ 53,342	$ 49,051
Amortization of deferred financing costs	2,879	2,876	2,830
Total Interest and debt expense	$ 64,868	$ 56,218	$ 51,881

EQUITY AND NONCONTROLLING INT_2

EQUITY AND NONCONTROLLING INTEREST (Details)	Jan. 15, 2015	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017$ / sharesshares	Dec. 31, 2016$ / sharesshares	Aug. 08, 2016USD ($)$ / shares
Noncontrolling Interest [Line Items]
Common stock, par value (in dollars per share) | $ / shares		$ 0.01	$ 0.01
Noncontrolling interest percentage		10.10%
Distributions to redeemable NCI (in dollars per unit) | $ / shares		$ 0.88	$ 0.88	$ 0.82
Common limited partnership units issued (in shares)		5,700,000
Conversion rate to common shares		1
LTIP Units
Noncontrolling Interest [Line Items]
Number of equity awards issued (in shares)		444,954	31,734
Award vesting period		2 years
Noncontrolling Interest
Noncontrolling Interest [Line Items]
Noncontrolling interest percentage		5.00%
DRIP
Noncontrolling Interest [Line Items]
Number of equity awards issued (in shares)		8,419	12,788	12,564
Vornado Realty L.P. | Urban Edge Properties LP
Noncontrolling Interest [Line Items]
Noncontrolling interest percentage		4.50%
Vornado Realty L.P. | Parent
Noncontrolling Interest [Line Items]
Noncontrolling interest percentage	5.40%	90.00%
ATM
Noncontrolling Interest [Line Items]
Common stock, par value (in dollars per share) | $ / shares					$ 0.01
Aggregate shares subscription price | $					$ 250,000,000
Common stock remaining amount available for issuance | $		$ 241,300,000
Common shares issued during period (in shares)		0	0

EARNINGS PER SHARE AND UNIT - A

EARNINGS PER SHARE AND UNIT - Additional Information (Details)	12 Months Ended
	Dec. 31, 2018shares	Dec. 31, 2017$ / sharesshares	Dec. 31, 2016$ / sharesshares	Dec. 31, 2015shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Options outstanding (in shares)	4,750,549	2,603,664	2,472,284	2,289,139
Conversion ration of common shares	1
Stock options using the treasury stock method
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Stock options using treasure stock method and restricted stock awards (in shares)	0	167,933	256,917
Restricted share awards
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Stock options using treasure stock method and restricted stock awards (in shares)	188,329	167,100	114,354
Unvested restricted shares outstanding (in shares)	162,577
Stock options using the treasury stock method
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Exercise price of options, lower range limit (in dollars per share) | $ / shares		$ 22.83
Exercise price of options, upper range limit (in dollars per share) | $ / shares			$ 28.36

EARNINGS PER SHARE AND UNIT - C

EARNINGS PER SHARE AND UNIT - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Numerator:
Net income attributable to common shareholders	$ 6,513	$ 24,200	$ 53,737	$ 20,700	$ (14,277)	$ 17,178	$ 13,583	$ 50,586	$ 105,150	$ 67,070	$ 90,815
Less: Earnings allocated to unvested participating securities									(184)	(155)	(114)
Net income available for common shareholders - basic									104,966	66,915	90,701
OP and LTIP units									0	5,782	53
Net income available for common shareholders - dilutive									$ 104,966	$ 72,697	$ 90,754
Denominator:
Weighted average common shares outstanding - basic (in shares)									113,863,000	107,132,000	99,364,000
Effect of dilutive securities:
Assumed conversion of OP and LTIP units (in shares)									0	10,923,000	59,000
Weighted average common shares outstanding - diluted (in shares)									114,051,000	118,390,000	99,794,000
Earnings per share available to common shareholders:
Earnings per common share - Basic (in dollars per share)	$ 0.06	$ 0.21	$ 0.47	$ 0.18	$ (0.13)	$ 0.15	$ 0.13	$ 0.51	$ 0.92	$ 0.62	$ 0.91
Earnings per common share - Diluted (in dollars per share)	$ 0.06	$ 0.21	$ 0.47	$ 0.18	$ (0.13)	$ 0.15	$ 0.13	$ 0.50	$ 0.92	$ 0.61	$ 0.91
Urban Edge Properties LP
Numerator:
Net income attributable to common shareholders	$ 7,240	$ 26,888	$ 59,762	$ 23,028	$ (15,884)	$ 19,145	$ 14,909	$ 54,724	$ 116,918	$ 72,894	$ 96,627
Less: Earnings allocated to unvested participating securities									(200)	(155)	(211)
Net income available for common shareholders - basic									$ 116,718	$ 72,739	$ 96,416
Denominator:
Weighted average common shares outstanding - basic (in shares)									126,198,000	117,779,000	105,455,000
Effect of dilutive securities:
Stock options using treasure stock method and restricted stock awards (in shares)									188,000	335,000	371,000
Assumed conversion of OP and LTIP units (in shares)									0	276,000	273,000
Weighted average common shares outstanding - diluted (in shares)									126,386,000	118,390,000	106,099,000
Earnings per share available to common shareholders:
Earnings per common share - Basic (in dollars per share)	$ 0.06	$ 0.21	$ 0.47	$ 0.18	$ (0.13)	$ 0.15	$ 0.13	$ 0.51	$ 0.92	$ 0.62	$ 0.91
Earnings per common share - Diluted (in dollars per share)	$ 0.06	$ 0.21	$ 0.47	$ 0.18	$ (0.13)	$ 0.15	$ 0.13	$ 0.50	$ 0.92	$ 0.61	$ 0.91
Stock options using the treasury stock method
Effect of dilutive securities:
Stock options using treasure stock method and restricted stock awards (in shares)									0	167,933	256,917
Restricted share awards
Effect of dilutive securities:
Stock options using treasure stock method and restricted stock awards (in shares)									188,000	167,000	114,000

SHARE-BASED COMPENSATION - Addi

SHARE-BASED COMPENSATION - Additional Information (Details)	Sep. 27, 2018	Feb. 22, 2018USD ($)companyshares	Feb. 24, 2017	Feb. 08, 2016	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015shares	Jan. 07, 2015shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense for nonvested awards					$ 25,800,000
Period for recognition of share-based compensation expense for nonvested awards					3 years 5 months 4 days
Term of share-based compensation awards					10 years
Weighted average remaining contractual term of options outstanding					8 years 1 month 3 days
Weighted average grant date fair value of options granted (in dollars per share) | $ / shares					$ 4.68	$ 5.10	$ 3.56
Number of options exercised (in shares) | shares					0	0	8,501
Cash received from options exercised							$ 200,000
Intrinsic value of options exercised							$ 26,000
Intrinsic value of options outstanding					$ 0
Intrinsic value of options exercisable					$ 0
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected option life	7 years	6 years 3 months	6 years 3 months	6 years 3 months
Expected volatility	30.42%	32.23%	25.06%	23.94%
Risk-free interest rate	3.00%	2.73%	1.93%	1.31%
Term of share-based compensation awards					10 years
Stock Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					3 years
Stock Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					5 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted (in shares) | shares					103,814	104,698	117,399
Weighted average grant date fair value of options granted (in dollars per share) | $ / shares					$ 21.65	$ 27.69	$ 24.55
Number of awards vested (in shares) | shares					84,185	53,236	15,977
Grant date fair value of vested awards					$ 2,200,000	$ 1,300,000	$ 400,000
Number of unvested awards (in shares) | shares					162,577	175,430	129,395	30,717
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period						1 year
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					4 years
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity awards issued (in shares) | shares					444,954	31,734
Award vesting period					2 years
Number of awards vested (in shares) | shares					24,722	16,789	39,439
Number of unvested awards (in shares) | shares					480,227
Weighted average remaining contractual period of nonvested awards					4 years
DSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equivalent shares per common stock (in shares) | shares					1
Omnibus Share Plan 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares) | shares									15,000,000
Omnibus Share Plan 2015 | DSUs | Trustees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense					$ 200,000
Number of awards granted (in shares) | shares					13,656
Weighted average grant date fair value of options granted (in dollars per share) | $ / shares					$ 19.33
2015 OPP | OPP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate notional amount					$ 10,200,000
Grant date fair value of plan					$ 3,900,000
Expected volatility					25.00%
Risk-free interest rate					1.20%
2015 OPP | OPP Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected daily return rate compared to peers					19.00%
2015 OPP | OPP Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected daily return rate compared to peers					27.00%
2017 OPP | OPP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate notional amount					$ 12,000,000
Grant date fair value of plan					$ 4,100,000
Expected volatility					19.70%
Risk-free interest rate					1.50%
2015 and 2017 OPPs | OPP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
OPP award threshold, TSR level required					7.00%
OPP award threshold, TSR level required for multi-year period					21.00%
OPP award threshold, TSR multi-year duration					3 years
Expected dividend rate					10.00%
Expected option life					3 years
Period for recognition of nonvested awards					5 years
Share-based compensation expense					$ 1,700,000	$ 2,000,000	$ 1,100,000
Unrecognized share-based compensation expense for nonvested awards					$ 2,400,000
Period for recognition of share-based compensation expense for nonvested awards					1 year 5 months 3 days
2015 and 2017 OPPs | OPP Units | Year three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage					50.00%
2015 and 2017 OPPs | OPP Units | Year four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage					25.00%
2015 and 2017 OPPs | OPP Units | Year five
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage					25.00%
2018 LTI Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity award percentage of absolute component of TSR equal to 18%		18.00%
Equity award percentage of absolute component of TSR equal to 27%		27.00%
Equity award percentage of absolute component of TSR equal to 36%		36.00%
Number of REIT peer groups | company		14
Equity award percentage of relative component TSR equal to 35 percentile of peer group		3500.00%
Equity award percentage of relative component TSR equal to 55 percentile of peer group		5500.00%
Equity award percentage of relative component TSR equal to 75 percentile of peer group		7500.00%
2018 LTI Plan | LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity awards issued (in shares) | shares		328,107
Equity award earned percentage based on absolute TSR component equal to 18%		40.00%
Equity award earned percentage based on absolute TSR component equal to 27%		100.00%
Equity award earned percentage based on absolute TSR component equal to 36%		165.00%
Equity award earned percentage based on relative TSR component of 35 percentile of peer group		40.00%
Equity award earned percentage based on relative TSR component of 55 percentile of peer group		100.00%
Equity award earned percentage based on relative TSR component of 75 percentile of peer group		165.00%
2018 LTI Plan | Performance-Based Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
OPP award threshold, TSR multi-year duration		3 years
Grant date fair value of plan		$ 3,600,000
Weighted percentage of equity awards		$ 0.8
Equity award earned percentage based on absolute TSR component equal to 18%		25.00%
Equity award earned percentage based on relative TSR component of 35 percentile of peer group		75.00%
2018 LTI Plan | Time-Based Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of plan		$ 700,000
Weighted percentage of equity awards		$ 0.2
Number of awards granted (in shares) | shares		33,172
2018 LTI Plan | Time-Based Shares | Board of Directors Chairman
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years
2018 LTI Plan | Time-Based Shares | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		4 years
2018 Inducement Equity Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of plan					$ 9,300,000
Number of awards granted (in shares) | shares					2,000,000
2018 Inducement Equity Plan | Restricted LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of plan					$ 7,200,000
Number of awards granted (in shares) | shares					352,890

SHARE-BASED COMPENSATION - Stoc

SHARE-BASED COMPENSATION - Stock Options Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Shares Under Options
Outstanding at January 1 (in shares)	2,603,664	2,472,284	2,289,139
Granted (in shares)	2,146,885	137,259	196,713
Exercised (in shares)	0	0	(8,501)
Forfeited or expired (in shares)	0	(5,879)	(5,067)
Outstanding at December 31 (in shares)	4,750,549	2,603,664	2,472,284	2,289,139
Weighted Average Exercise Price per Share
Outstanding at January 1 (in dollars per share)	$ 24.09	$ 23.86	$ 23.89
Granted (in dollars per share)	21.71	28.36	23.52
Exercised (in dollars per share)	0	0	24.46
Forfeited or expired (in dollars per share)	0	23.17	24.46
Outstanding at December 31 (in dollars per share)	$ 23.02	$ 24.09	$ 23.86	$ 23.89
Outstanding, weighted average expected remaining term (in years)	4 years 5 months 22 days	4 years 4 months 25 days	5 years 4 months	6 years 1 month 24 days
Granted, weighted average expected remaining term (in years)	4 years 6 months 30 days	6 years 2 days	6 years
Exercisable at December 31, 2018 (in shares)	807,352
Exercisable at December 31, 2018, weighted average exercised price per share (in dollars per share)	$ 24.03

SHARE-BASED COMPENSATION - Fair

SHARE-BASED COMPENSATION - Fair Value Assumptions of Options Granted (Details) - Stock Options	Sep. 27, 2018	Feb. 22, 2018	Feb. 24, 2017	Feb. 08, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	3.00%	2.73%	1.93%	1.31%
Expected option life	7 years	6 years 3 months	6 years 3 months	6 years 3 months
Expected volatility	30.42%	32.23%	25.06%	23.94%

SHARE-BASED COMPENSATION - Rest

SHARE-BASED COMPENSATION - Restricted Stock Activity (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Shares
Unvested at January 1 (in shares)	175,430	129,395	30,717
Granted (in shares)	103,814	104,698	117,399
Vested (in shares)	(84,185)	(53,236)	(15,977)
Forfeited (in shares)	(32,482)	(5,427)	(2,744)
Unvested at December 31 (in shares)	162,577	175,430	129,395
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unvested at January 1 (in dollars per share)	$ 26.05	$ 24.29	$ 22.62
Granted (in dollars per share)	21.65	27.69	24.55
Granted (in dollars per share)	25.67	25.13	23.17
Granted (in dollars per share)	23.32	24.64	23.55
Unvested at December 31 (in dollars per share)	$ 23.99	$ 26.05	$ 24.29

SHARE-BASED COMPENSATION - Shar

SHARE-BASED COMPENSATION - Share-based Compensation Expense (Details) - General and Administrative Expense - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	$ 9,741	$ 7,137	$ 5,433
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	2,051	1,961	1,314
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	2,778	2,569	2,437
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	2,218	557	473
OPP Units
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	2,530	2,050	1,209
DSUs
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	$ 164	$ 0	$ 0

QUARTERLY FINANCIAL DATA (Detai

QUARTERLY FINANCIAL DATA (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues	$ 100,923	$ 112,214	$ 101,970	$ 99,053	$ 97,376	$ 94,101	$ 89,501	$ 126,064	$ 414,160	$ 407,042	$ 325,976
Operating income	24,445	39,197	23,154	35,069	30,742	33,190	28,515	69,317	121,865	161,764	133,018
Net income	7,251	26,899	59,774	23,039	(15,873)	19,156	14,920	54,735	116,963	72,938	96,630
Net income attributable to noncontrolling interests in operating partnership	(727)	(2,688)	(6,025)	(2,328)	1,607	(1,967)	(1,326)	(4,138)
Net income attributable to noncontrolling interests in consolidated subsidiaries	(11)	(11)	(12)	(11)	(11)	(11)	(11)	(11)	(45)	(44)	(3)
Net income (loss) attributable to common shareholders and unitholders	$ 6,513	$ 24,200	$ 53,737	$ 20,700	$ (14,277)	$ 17,178	$ 13,583	$ 50,586	$ 105,150	$ 67,070	$ 90,815
Earnings per common share - Basic (in dollars per share)	$ 0.06	$ 0.21	$ 0.47	$ 0.18	$ (0.13)	$ 0.15	$ 0.13	$ 0.51	$ 0.92	$ 0.62	$ 0.91
Earnings per common share - Diluted (in dollars per share)	$ 0.06	$ 0.21	$ 0.47	$ 0.18	$ (0.13)	$ 0.15	$ 0.13	$ 0.50	$ 0.92	$ 0.61	$ 0.91
Urban Edge Properties LP
Revenues									$ 414,160	$ 407,042	$ 325,976
Operating income									121,865	161,764	133,018
Net income									116,963	72,938	96,630
Net income attributable to noncontrolling interests in consolidated subsidiaries									(45)	(44)	(3)
Net income (loss) attributable to common shareholders and unitholders	$ 7,240	$ 26,888	$ 59,762	$ 23,028	$ (15,884)	$ 19,145	$ 14,909	$ 54,724	$ 116,918	$ 72,894	$ 96,627
Earnings per common share - Basic (in dollars per share)	$ 0.06	$ 0.21	$ 0.47	$ 0.18	$ (0.13)	$ 0.15	$ 0.13	$ 0.51	$ 0.92	$ 0.62	$ 0.91
Earnings per common share - Diluted (in dollars per share)	$ 0.06	$ 0.21	$ 0.47	$ 0.18	$ (0.13)	$ 0.15	$ 0.13	$ 0.50	$ 0.92	$ 0.61	$ 0.91

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - Allowance for Doubtful Accounts - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 5,431	$ 2,593	$ 1,926
Additions (Reversals) Expensed	4,138	3,445	1,214
Uncollectible Accounts Written-Off	(2,949)	(607)	(547)
Balance at End of Year	$ 6,620	$ 5,431	$ 2,593

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation - Real Estate Property (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,562,159
Initial cost to company
Land	508,849
Building and improvements	1,385,212
Costs capitalized subsequent to acquisition	874,931
Gross amount at which carried at close of period
Land	525,819
Building and improvements	2,243,173
Total	2,768,992	$ 2,671,854	$ 2,138,500	$ 2,084,642
Accumulated depreciation and amortization	(645,872)	(587,127)	$ (541,077)	$ (509,112)
Aggregate cost for federal income tax purposes	1,500,000
Real Estate
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,562,159
Initial cost to company
Land	508,849
Building and improvements	1,385,212
Costs capitalized subsequent to acquisition	868,256
Gross amount at which carried at close of period
Land	525,819
Building and improvements	2,236,498
Total	2,762,317
Real Estate | Bethlehem, PA
Gross amount at which carried at close of period
Accumulated depreciation and amortization	(644,367)
Real Estate | Shopping Centers and Malls | Baltimore (Towson), MD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost to company
Land	581
Building and improvements	3,227
Costs capitalized subsequent to acquisition	18,603
Gross amount at which carried at close of period
Land	581
Building and improvements	21,830
Total	22,411
Accumulated depreciation and amortization	(6,356)
Real Estate | Shopping Centers and Malls | Bensalem, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost to company
Land	2,727
Building and improvements	6,698
Costs capitalized subsequent to acquisition	2,042
Gross amount at which carried at close of period
Land	2,727
Building and improvements	8,740
Total	11,467
Accumulated depreciation and amortization	(4,509)
Real Estate | Shopping Centers and Malls | Bergen Town Center - East, Paramus, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		6,305
Building and improvements		0
Costs capitalized subsequent to acquisition		42,336
Gross amount at which carried at close of period
Land		6,305
Building and improvements		42,336
Total		48,641
Accumulated depreciation and amortization		(8,768)
Real Estate | Shopping Centers and Malls | Bergen Town Center - West, Paramus, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		300,000
Initial cost to company
Land		15,812
Building and improvements		82,240
Costs capitalized subsequent to acquisition		385,142
Gross amount at which carried at close of period
Land		35,850
Building and improvements		447,344
Total		483,194
Accumulated depreciation and amortization		(121,024)
Real Estate | Shopping Centers and Malls | Bethlehem, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		827
Building and improvements		5,200
Costs capitalized subsequent to acquisition		1,915
Gross amount at which carried at close of period
Land		837
Building and improvements		7,105
Total		7,942
Accumulated depreciation and amortization		(5,870)
Real Estate | Shopping Centers and Malls | Brick, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		50,000
Initial cost to company
Land		1,391
Building and improvements		11,179
Costs capitalized subsequent to acquisition		13,342
Gross amount at which carried at close of period
Land		1,391
Building and improvements		24,521
Total		25,912
Accumulated depreciation and amortization		(15,492)
Real Estate | Shopping Centers and Malls | Bronx (Shops at Bruckner), NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		66,100
Building and improvements		259,503
Costs capitalized subsequent to acquisition		591
Gross amount at which carried at close of period
Land		61,618
Building and improvements		264,576
Total		326,194
Accumulated depreciation and amortization		(24,862)
Real Estate | Shopping Centers and Malls | Bronx (Shops at Bruckner), NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		11,582
Initial cost to company
Land		0
Building and improvements		32,979
Costs capitalized subsequent to acquisition		38
Gross amount at which carried at close of period
Land		0
Building and improvements		33,017
Total		33,017
Accumulated depreciation and amortization		(2,154)
Real Estate | Shopping Centers and Malls | Bronx (1750-1780 Gun Hill Road), NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		24,500
Initial cost to company
Land		6,427
Building and improvements		11,885
Costs capitalized subsequent to acquisition		22,237
Gross amount at which carried at close of period
Land		6,428
Building and improvements		34,121
Total		40,549
Accumulated depreciation and amortization		(9,502)
Real Estate | Shopping Centers and Malls | Broomall, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		850
Building and improvements		2,171
Costs capitalized subsequent to acquisition		1,399
Gross amount at which carried at close of period
Land		850
Building and improvements		3,570
Total		4,420
Accumulated depreciation and amortization		(2,946)
Real Estate | Shopping Centers and Malls | Buffalo (Amherst), NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		5,743
Building and improvements		4,056
Costs capitalized subsequent to acquisition		12,446
Gross amount at which carried at close of period
Land		5,107
Building and improvements		17,138
Total		22,245
Accumulated depreciation and amortization		(8,916)
Real Estate | Shopping Centers and Malls | Cambridge (leased through 2033, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		0
Costs capitalized subsequent to acquisition		97
Gross amount at which carried at close of period
Land		0
Building and improvements		97
Total		97
Accumulated depreciation and amortization		(5)
Real Estate | Shopping Centers and Malls | Carlstadt (leased through 2050), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		16,458
Costs capitalized subsequent to acquisition		133
Gross amount at which carried at close of period
Land		0
Building and improvements		16,591
Total		16,591
Accumulated depreciation and amortization		(4,627)
Real Estate | Shopping Centers and Malls | Charleston (leased through 2063), SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		3,634
Costs capitalized subsequent to acquisition		308
Gross amount at which carried at close of period
Land		0
Building and improvements		3,942
Total		3,942
Accumulated depreciation and amortization		(1,123)
Real Estate | Shopping Centers and Malls | Cherry Hill (Cherry Hill Commons), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		5,864
Building and improvements		2,694
Costs capitalized subsequent to acquisition		1,850
Gross amount at which carried at close of period
Land		4,144
Building and improvements		6,264
Total		10,408
Accumulated depreciation and amortization		(3,970)
Real Estate | Shopping Centers and Malls | Cherry Hill (Plaza at Cherry Hill), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		28,930
Initial cost to company
Land		14,602
Building and improvements		33,666
Costs capitalized subsequent to acquisition		(125)
Gross amount at which carried at close of period
Land		14,602
Building and improvements		33,541
Total		48,143
Accumulated depreciation and amortization		(3,129)
Real Estate | Shopping Centers and Malls | Chicopee, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		895
Building and improvements		0
Costs capitalized subsequent to acquisition		0
Gross amount at which carried at close of period
Land		895
Building and improvements		0
Total		895
Accumulated depreciation and amortization		0
Real Estate | Shopping Centers and Malls | Commack (leased through 2021), NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		43
Costs capitalized subsequent to acquisition		184
Gross amount at which carried at close of period
Land		0
Building and improvements		227
Total		227
Accumulated depreciation and amortization		(243)
Real Estate | Shopping Centers and Malls | Dewitt (leased through 2041), NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		7,116
Costs capitalized subsequent to acquisition		0
Gross amount at which carried at close of period
Land		0
Building and improvements		7,116
Total		7,116
Accumulated depreciation and amortization		(2,158)
Real Estate | Shopping Centers and Malls | Rockaway, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		27,800
Initial cost to company
Land		559
Building and improvements		6,363
Costs capitalized subsequent to acquisition		5,403
Gross amount at which carried at close of period
Land		559
Building and improvements		11,766
Total		12,325
Accumulated depreciation and amortization		(6,581)
Real Estate | Shopping Centers and Malls | East Brunswick, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		63,000
Initial cost to company
Land		2,417
Building and improvements		17,169
Costs capitalized subsequent to acquisition		7,512
Gross amount at which carried at close of period
Land		2,417
Building and improvements		24,681
Total		27,098
Accumulated depreciation and amortization		(18,152)
Real Estate | Shopping Centers and Malls | East Hanover (200 - 240 Route 10 West), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		63,000
Initial cost to company
Land		2,232
Building and improvements		18,241
Costs capitalized subsequent to acquisition		19,349
Gross amount at which carried at close of period
Land		2,671
Building and improvements		37,151
Total		39,822
Accumulated depreciation and amortization		(18,719)
Real Estate | Shopping Centers and Malls | East Hanover (280 Route 10 West), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		0
Costs capitalized subsequent to acquisition		7,075
Gross amount at which carried at close of period
Land		0
Building and improvements		7,075
Total		7,075
Accumulated depreciation and amortization		(2,543)
Real Estate | Shopping Centers and Malls | East Rutherford, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		23,000
Initial cost to company
Land		0
Building and improvements		36,727
Costs capitalized subsequent to acquisition		542
Gross amount at which carried at close of period
Land		0
Building and improvements		37,269
Total		37,269
Accumulated depreciation and amortization		(8,109)
Real Estate | Shopping Centers and Malls | Freeport (240 West Sunrise Highway) (leased through 2040), NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		0
Costs capitalized subsequent to acquisition		260
Gross amount at which carried at close of period
Land		0
Building and improvements		260
Total		260
Accumulated depreciation and amortization		(240)
Real Estate | Shopping Centers and Malls | Freeport (437 East Sunrise Highway), NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		43,100
Initial cost to company
Land		1,231
Building and improvements		4,747
Costs capitalized subsequent to acquisition		4,765
Gross amount at which carried at close of period
Land		1,382
Building and improvements		9,361
Total		10,743
Accumulated depreciation and amortization		(6,558)
Real Estate | Shopping Centers and Malls | Garfield, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		40,300
Initial cost to company
Land		45
Building and improvements		8,068
Costs capitalized subsequent to acquisition		45,110
Gross amount at which carried at close of period
Land		44
Building and improvements		53,179
Total		53,223
Accumulated depreciation and amortization		(14,338)
Real Estate | Shopping Centers and Malls | Glen Burnie, MD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		462
Building and improvements		2,571
Costs capitalized subsequent to acquisition		3,950
Gross amount at which carried at close of period
Land		462
Building and improvements		6,521
Total		6,983
Accumulated depreciation and amortization		(3,504)
Real Estate | Shopping Centers and Malls | Glenolden, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		850
Building and improvements		1,820
Costs capitalized subsequent to acquisition		741
Gross amount at which carried at close of period
Land		850
Building and improvements		2,561
Total		3,411
Accumulated depreciation and amortization		(2,295)
Real Estate | Shopping Centers and Malls | Hackensack, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		66,400
Initial cost to company
Land		692
Building and improvements		10,219
Costs capitalized subsequent to acquisition		7,145
Gross amount at which carried at close of period
Land		692
Building and improvements		17,364
Total		18,056
Accumulated depreciation and amortization		(10,415)
Real Estate | Shopping Centers and Malls | Hazlet, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		7,400
Building and improvements		9,413
Costs capitalized subsequent to acquisition		(2,135)
Gross amount at which carried at close of period
Land		7,400
Building and improvements		7,278
Total		14,678
Accumulated depreciation and amortization		(2,098)
Real Estate | Shopping Centers and Malls | Huntington, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		21,200
Building and improvements		33,667
Costs capitalized subsequent to acquisition		6,385
Gross amount at which carried at close of period
Land		21,200
Building and improvements		40,052
Total		61,252
Accumulated depreciation and amortization		(10,313)
Real Estate | Shopping Centers and Malls | Inwood, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		12,419
Building and improvements		19,097
Costs capitalized subsequent to acquisition		3,115
Gross amount at which carried at close of period
Land		12,419
Building and improvements		22,212
Total		34,631
Accumulated depreciation and amortization		(7,755)
Real Estate | Shopping Centers and Malls | Jersey City (Hudson Commons), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		29,000
Initial cost to company
Land		652
Building and improvements		7,495
Costs capitalized subsequent to acquisition		950
Gross amount at which carried at close of period
Land		652
Building and improvements		8,445
Total		9,097
Accumulated depreciation and amortization		(3,584)
Real Estate | Shopping Centers and Malls | Jersey City (Hudson Mall), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		24,326
Initial cost to company
Land		15,824
Building and improvements		37,593
Costs capitalized subsequent to acquisition		(3,922)
Gross amount at which carried at close of period
Land		15,824
Building and improvements		33,671
Total		49,495
Accumulated depreciation and amortization		(3,215)
Real Estate | Shopping Centers and Malls | Kearny, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		309
Building and improvements		3,376
Costs capitalized subsequent to acquisition		10,315
Gross amount at which carried at close of period
Land		296
Building and improvements		13,704
Total		14,000
Accumulated depreciation and amortization		(4,855)
Real Estate | Shopping Centers and Malls | Lancaster, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		3,140
Building and improvements		63
Costs capitalized subsequent to acquisition		2,131
Gross amount at which carried at close of period
Land		3,140
Building and improvements		2,194
Total		5,334
Accumulated depreciation and amortization		(886)
Real Estate | Shopping Centers and Malls | Las Catalinas, Puerto Rico
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		130,000
Initial cost to company
Land		15,280
Building and improvements		64,370
Costs capitalized subsequent to acquisition		15,438
Gross amount at which carried at close of period
Land		15,280
Building and improvements		79,808
Total		95,088
Accumulated depreciation and amortization		(38,631)
Real Estate | Shopping Centers and Malls | Lawnside, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		1,226
Building and improvements		3,164
Costs capitalized subsequent to acquisition		2,896
Gross amount at which carried at close of period
Land		1,226
Building and improvements		6,060
Total		7,286
Accumulated depreciation and amortization		(3,857)
Real Estate | Shopping Centers and Malls | Lodi (Route 17 North), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		238
Building and improvements		9,446
Costs capitalized subsequent to acquisition		42
Gross amount at which carried at close of period
Land		238
Building and improvements		9,488
Total		9,726
Accumulated depreciation and amortization		(4,544)
Real Estate | Shopping Centers and Malls | Lodi (Washington Street), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		7,606
Building and improvements		13,125
Costs capitalized subsequent to acquisition		2,754
Gross amount at which carried at close of period
Land		7,606
Building and improvements		15,879
Total		23,485
Accumulated depreciation and amortization		(5,292)
Real Estate | Shopping Centers and Malls | Manalapan, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		725
Building and improvements		7,189
Costs capitalized subsequent to acquisition		6,982
Gross amount at which carried at close of period
Land		1,046
Building and improvements		13,850
Total		14,896
Accumulated depreciation and amortization		(9,912)
Real Estate | Shopping Centers and Malls | Manchester, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		12,500
Initial cost to company
Land		4,409
Building and improvements		13,756
Costs capitalized subsequent to acquisition		13
Gross amount at which carried at close of period
Land		4,409
Building and improvements		13,769
Total		18,178
Accumulated depreciation and amortization		(696)
Real Estate | Shopping Centers and Malls | Marlton, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		37,400
Initial cost to company
Land		1,611
Building and improvements		3,464
Costs capitalized subsequent to acquisition		14,140
Gross amount at which carried at close of period
Land		1,454
Building and improvements		17,761
Total		19,215
Accumulated depreciation and amortization		(11,151)
Real Estate | Shopping Centers and Malls | Middletown, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		31,400
Initial cost to company
Land		283
Building and improvements		5,248
Costs capitalized subsequent to acquisition		3,147
Gross amount at which carried at close of period
Land		283
Building and improvements		8,395
Total		8,678
Accumulated depreciation and amortization		(6,722)
Real Estate | Shopping Centers and Malls | Milford (leased through 2019), MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		0
Costs capitalized subsequent to acquisition		0
Gross amount at which carried at close of period
Land		0
Building and improvements		0
Total		0
Accumulated depreciation and amortization		0
Real Estate | Shopping Centers and Malls | Millburn, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		24,000
Initial cost to company
Land		15,783
Building and improvements		25,837
Costs capitalized subsequent to acquisition		(911)
Gross amount at which carried at close of period
Land		15,783
Building and improvements		24,926
Total		40,709
Accumulated depreciation and amortization		(2,096)
Real Estate | Shopping Centers and Malls | Montclair, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		66
Building and improvements		419
Costs capitalized subsequent to acquisition		1,439
Gross amount at which carried at close of period
Land		448
Building and improvements		1,476
Total		1,924
Accumulated depreciation and amortization		(743)
Real Estate | Shopping Centers and Malls | Montehiedra, Puerto Rico
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		114,860
Initial cost to company
Land		9,182
Building and improvements		66,751
Costs capitalized subsequent to acquisition		27,829
Gross amount at which carried at close of period
Land		9,267
Building and improvements		94,495
Total		103,762
Accumulated depreciation and amortization		(42,620)
Real Estate | Shopping Centers and Malls | Morris Plains, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		1,104
Building and improvements		6,411
Costs capitalized subsequent to acquisition		5,576
Gross amount at which carried at close of period
Land		1,104
Building and improvements		11,987
Total		13,091
Accumulated depreciation and amortization		(7,181)
Real Estate | Shopping Centers and Malls | Mount Kisco, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		13,987
Initial cost to company
Land		22,700
Building and improvements		26,700
Costs capitalized subsequent to acquisition		1,840
Gross amount at which carried at close of period
Land		22,614
Building and improvements		28,626
Total		51,240
Accumulated depreciation and amortization		(7,371)
Real Estate | Shopping Centers and Malls | New Hyde Park (leased through 2029), NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		4
Costs capitalized subsequent to acquisition		0
Gross amount at which carried at close of period
Land		0
Building and improvements		4
Total		4
Accumulated depreciation and amortization		(4)
Real Estate | Shopping Centers and Malls | Newington, CT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		2,421
Building and improvements		1,200
Costs capitalized subsequent to acquisition		2,052
Gross amount at which carried at close of period
Land		2,421
Building and improvements		3,252
Total		5,673
Accumulated depreciation and amortization		(1,401)
Real Estate | Shopping Centers and Malls | Norfolk (leased through 2020), VA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		3,927
Costs capitalized subsequent to acquisition		15
Gross amount at which carried at close of period
Land		0
Building and improvements		3,942
Total		3,942
Accumulated depreciation and amortization		(3,686)
Real Estate | Shopping Centers and Malls | North Bergen (Kennedy Boulevard), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		2,308
Building and improvements		636
Costs capitalized subsequent to acquisition		261
Gross amount at which carried at close of period
Land		2,308
Building and improvements		897
Total		3,205
Accumulated depreciation and amortization		(575)
Real Estate | Shopping Centers and Malls | North Bergen (Tonnelle Avenue), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		100,000
Initial cost to company
Land		24,493
Building and improvements		0
Costs capitalized subsequent to acquisition		73,062
Gross amount at which carried at close of period
Land		33,988
Building and improvements		63,567
Total		97,555
Accumulated depreciation and amortization		(16,298)
Real Estate | Shopping Centers and Malls | North Plainfield, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		25,100
Initial cost to company
Land		6,577
Building and improvements		13,983
Costs capitalized subsequent to acquisition		693
Gross amount at which carried at close of period
Land		6,577
Building and improvements		14,676
Total		21,253
Accumulated depreciation and amortization		(4,056)
Real Estate | Shopping Centers and Malls | Oceanside, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		2,710
Building and improvements		2,306
Costs capitalized subsequent to acquisition		0
Gross amount at which carried at close of period
Land		2,710
Building and improvements		2,306
Total		5,016
Accumulated depreciation and amortization		(668)
Real Estate | Shopping Centers and Malls | Paramus (leased through 2033), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		0
Costs capitalized subsequent to acquisition		12,569
Gross amount at which carried at close of period
Land		0
Building and improvements		12,569
Total		12,569
Accumulated depreciation and amortization		(4,310)
Real Estate | Shopping Centers and Malls | Queens, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		14,537
Building and improvements		12,304
Costs capitalized subsequent to acquisition		3,744
Gross amount at which carried at close of period
Land		14,537
Building and improvements		16,048
Total		30,585
Accumulated depreciation and amortization		(1,258)
Real Estate | Shopping Centers and Malls | Rochester (Henrietta) (leased through 2026), NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		2,647
Costs capitalized subsequent to acquisition		1,293
Gross amount at which carried at close of period
Land		0
Building and improvements		3,940
Total		3,940
Accumulated depreciation and amortization		(3,604)
Real Estate | Shopping Centers and Malls | Rochester, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		2,172
Building and improvements		0
Costs capitalized subsequent to acquisition		0
Gross amount at which carried at close of period
Land		2,172
Building and improvements		0
Total		2,172
Accumulated depreciation and amortization		0
Real Estate | Shopping Centers and Malls | Rockville, MD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		3,470
Building and improvements		20,599
Costs capitalized subsequent to acquisition		2,736
Gross amount at which carried at close of period
Land		3,470
Building and improvements		23,335
Total		26,805
Accumulated depreciation and amortization		(8,084)
Real Estate | Shopping Centers and Malls | Salem (leased through 2061), NH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		6,083
Building and improvements		0
Costs capitalized subsequent to acquisition		(3,084)
Gross amount at which carried at close of period
Land		2,994
Building and improvements		5
Total		2,999
Accumulated depreciation and amortization		0
Real Estate | Shopping Centers and Malls | Signal Hill, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		9,652
Building and improvements		2,940
Costs capitalized subsequent to acquisition		1
Gross amount at which carried at close of period
Land		9,652
Building and improvements		2,941
Total		12,593
Accumulated depreciation and amortization		(901)
Real Estate | Shopping Centers and Malls | South Plainfield (leased through 2039)(3), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		10,044
Costs capitalized subsequent to acquisition		2,240
Gross amount at which carried at close of period
Land		0
Building and improvements		12,284
Total		12,284
Accumulated depreciation and amortization		(3,659)
Real Estate | Shopping Centers and Malls | Springfield, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		0
Costs capitalized subsequent to acquisition		80
Gross amount at which carried at close of period
Land		0
Building and improvements		80
Total		80
Accumulated depreciation and amortization		(80)
Real Estate | Shopping Centers and Malls | Springfield (leased through 2025), PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		2,797
Building and improvements		2,471
Costs capitalized subsequent to acquisition		1,244
Gross amount at which carried at close of period
Land		2,797
Building and improvements		3,715
Total		6,512
Accumulated depreciation and amortization		(1,353)
Real Estate | Shopping Centers and Malls | Staten Island, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		11,446
Building and improvements		21,262
Costs capitalized subsequent to acquisition		4,378
Gross amount at which carried at close of period
Land		11,446
Building and improvements		25,640
Total		37,086
Accumulated depreciation and amortization		(9,424)
Real Estate | Shopping Centers and Malls | Totowa, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		50,800
Initial cost to company
Land		120
Building and improvements		11,994
Costs capitalized subsequent to acquisition		4,910
Gross amount at which carried at close of period
Land		92
Building and improvements		16,932
Total		17,024
Accumulated depreciation and amortization		(14,008)
Real Estate | Shopping Centers and Malls | Turnersville, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		900
Building and improvements		1,342
Costs capitalized subsequent to acquisition		3,056
Gross amount at which carried at close of period
Land		900
Building and improvements		4,398
Total		5,298
Accumulated depreciation and amortization		(2,341)
Real Estate | Shopping Centers and Malls | Tyson’s Corner (leased through 2035), VA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		0
Costs capitalized subsequent to acquisition		0
Gross amount at which carried at close of period
Land		0
Building and improvements		0
Total		0
Accumulated depreciation and amortization		0
Real Estate | Shopping Centers and Malls | Union (2445 Springfield Avenue), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		45,600
Initial cost to company
Land		19,700
Building and improvements		45,090
Costs capitalized subsequent to acquisition		0
Gross amount at which carried at close of period
Land		19,700
Building and improvements		45,090
Total		64,790
Accumulated depreciation and amortization		(13,057)
Real Estate | Shopping Centers and Malls | Union (Route 22 and Morris Avenue), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		3,025
Building and improvements		7,470
Costs capitalized subsequent to acquisition		2,780
Gross amount at which carried at close of period
Land		3,025
Building and improvements		10,250
Total		13,275
Accumulated depreciation and amortization		(6,041)
Real Estate | Shopping Centers and Malls | Vallejo (leased through 2043), CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		2,945
Costs capitalized subsequent to acquisition		221
Gross amount at which carried at close of period
Land		0
Building and improvements		3,166
Total		3,166
Accumulated depreciation and amortization		(1,073)
Real Estate | Shopping Centers and Malls | Walnut Creek (1149 South Main Street), CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		2,699
Building and improvements		19,930
Costs capitalized subsequent to acquisition		(1,000)
Gross amount at which carried at close of period
Land		2,699
Building and improvements		18,930
Total		21,629
Accumulated depreciation and amortization		(1,552)
Real Estate | Shopping Centers and Malls | Walnut Creek (Mt. Diablo), CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		5,909
Building and improvements		0
Costs capitalized subsequent to acquisition		1,540
Gross amount at which carried at close of period
Land		5,908
Building and improvements		1,541
Total		7,449
Accumulated depreciation and amortization		(262)
Real Estate | Shopping Centers and Malls | Watchung, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		27,000
Initial cost to company
Land		4,178
Building and improvements		5,463
Costs capitalized subsequent to acquisition		2,939
Gross amount at which carried at close of period
Land		4,441
Building and improvements		8,139
Total		12,580
Accumulated depreciation and amortization		(5,715)
Real Estate | Shopping Centers and Malls | West Babylon, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		6,720
Building and improvements		13,786
Costs capitalized subsequent to acquisition		(4,160)
Gross amount at which carried at close of period
Land		6,720
Building and improvements		9,626
Total		16,346
Accumulated depreciation and amortization		(8)
Real Estate | Shopping Centers and Malls | Westfield, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		4,730
Initial cost to company
Land		5,728
Building and improvements		4,305
Costs capitalized subsequent to acquisition		(211)
Gross amount at which carried at close of period
Land		5,728
Building and improvements		4,094
Total		9,822
Accumulated depreciation and amortization		(255)
Real Estate | Shopping Centers and Malls | Wheaton (leased through 2060)(3), MD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		5,367
Costs capitalized subsequent to acquisition		0
Gross amount at which carried at close of period
Land		0
Building and improvements		5,367
Total		5,367
Accumulated depreciation and amortization		(1,644)
Real Estate | Shopping Centers and Malls | Wilkes-Barre (461 - 499 Mundy Street), PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		6,053
Building and improvements		26,646
Costs capitalized subsequent to acquisition		1,932
Gross amount at which carried at close of period
Land		6,053
Building and improvements		28,578
Total		34,631
Accumulated depreciation and amortization		(8,140)
Real Estate | Shopping Centers and Malls | Woodbridge (Woodbridge Commons), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		22,100
Initial cost to company
Land		1,509
Building and improvements		2,675
Costs capitalized subsequent to acquisition		4,997
Gross amount at which carried at close of period
Land		1,539
Building and improvements		7,642
Total		9,181
Accumulated depreciation and amortization		(3,094)
Real Estate | Shopping Centers and Malls | Woodbridge (Plaza at Woodbridge), NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		55,340
Initial cost to company
Land		21,547
Building and improvements		75,017
Costs capitalized subsequent to acquisition		(2,753)
Gross amount at which carried at close of period
Land		17,280
Building and improvements		76,531
Total		93,811
Accumulated depreciation and amortization		(4,885)
Real Estate | Shopping Centers and Malls | Wyomissing (leased through 2025), PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		0
Building and improvements		2,646
Costs capitalized subsequent to acquisition		1,961
Gross amount at which carried at close of period
Land		0
Building and improvements		4,607
Total		4,607
Accumulated depreciation and amortization		(3,887)
Real Estate | Shopping Centers and Malls | Yonkers, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		31,704
Initial cost to company
Land		63,341
Building and improvements		110,635
Costs capitalized subsequent to acquisition		15,010
Gross amount at which carried at close of period
Land		63,461
Building and improvements		125,525
Total		188,986
Accumulated depreciation and amortization		(6,580)
Real Estate | Shopping Centers and Malls | York, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		0
Initial cost to company
Land		409
Building and improvements		2,568
Costs capitalized subsequent to acquisition		2,504
Gross amount at which carried at close of period
Land		409
Building and improvements		5,072
Total		5,481
Accumulated depreciation and amortization		$ (3,482)
Real Estate | Warehouses | East Hanover, NJ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	40,700
Initial cost to company
Land	576
Building and improvements	7,752
Costs capitalized subsequent to acquisition	30,832
Gross amount at which carried at close of period
Land	691
Building and improvements	38,469
Total	39,160
Accumulated depreciation and amortization	(18,352)
Leasehold Improvements, Equipment and Other
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost to company
Land	0
Building and improvements	0
Costs capitalized subsequent to acquisition	6,675
Gross amount at which carried at close of period
Land	0
Building and improvements	6,675
Total	6,675
Accumulated depreciation and amortization	$ (1,505)
Buildings & improvements
Gross amount at which carried at close of period
Life used for depreciation	40 years

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation - Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Real Estate
Balance at beginning of period	$ 2,671,854	$ 2,138,500	$ 2,084,642
Real estate before impairments and assets written-off	2,806,757	2,704,668	2,152,859
Less: Impairments and assets sold or written-off	(37,765)	(32,814)	(14,359)
Balance at end of period	2,768,992	2,671,854	2,138,500
Accumulated Depreciation
Balance at beginning of period	645,872	587,127	541,077
Additions charged to operating expenses	80,578	65,140	42,989
Accumulated depreciation before depreciation of assets written-off	667,705	606,217	552,101
Less: Accumulated depreciation on assets written-off	(21,833)	(19,090)	(11,024)
Balance at end of period	587,127	541,077	509,112
Land
Real Estate
Additions during the period:	4,120	142,305	2,667
Buildings & improvements
Real Estate
Additions during the period:	12,394	389,338	18,316
Construction in progress
Real Estate
Additions during the period:	$ 118,389	$ 34,525	$ 47,234