Urban Edge Properties (UE) 10-Q 31 Jul 19 2019 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2019	Jul. 26, 2019
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-36523
Entity Registrant Name	URBAN EDGE PROPERTIES
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	47-6311266
Entity Address, Address Line One	888 Seventh Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	(212)
Local Phone Number	956‑2556
Title of 12(b) Security	Common shares of beneficial interest, par value $0.01 per share
Trading Symbol	UE
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		121,171,003
Entity Central Index Key	0001611547
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Urban Edge Properties LP
Entity Information [Line Items]
Entity File Number	333-212951-01
Entity Registrant Name	URBAN EDGE PROPERTIES LP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-4791544
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false

Consolidated and Combined Balan

Consolidated and Combined Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Real estate, at cost:
Land	$ 516,177	$ 525,819
Buildings and improvements	2,155,036	2,156,113
Construction in progress	78,320	80,385
Furniture, fixtures and equipment	7,066	6,675
Total	2,756,599	2,768,992
Accumulated depreciation and amortization	(661,909)	(645,872)
Real estate, net	2,094,690	2,123,120
Right-of-use assets	85,404	0
Cash and cash equivalents	412,126	440,430
Restricted cash	51,473	17,092
Tenant and other receivables, net of allowance for doubtful accounts of $6,486 as of December 31, 2018	32,643	28,563
Receivable arising from the straight-lining of rents, net of $134 as of December 31, 2018	77,189	84,903
Identified intangible assets, net of accumulated amortization of $29,479 and $39,526, respectively	51,618	68,422
Deferred leasing costs, net of accumulated amortization of $16,615 and $16,826, respectively	20,667	21,277
Deferred financing costs, net of accumulated amortization of $3,276 and $2,764, respectively	1,723	2,219
Prepaid expenses and other assets	30,886	12,968
Total assets	2,858,419	2,798,994
Liabilities:
Mortgages payable, net	1,548,944	1,550,242
Lease liabilities	83,050	0
Accounts payable, accrued expenses and other liabilities	85,034	98,517
Identified intangible liabilities, net of accumulated amortization of $66,613 and $65,058, respectively	131,705	144,258
Total liabilities	1,848,733	1,793,017
Commitments and contingencies
Shareholders’ equity:
Common shares: $0.01 par value; 500,000,000 shares authorized and 121,171,003 and 114,345,565 shares issued and outstanding, respectively	1,212	1,143
Additional paid-in capital	1,015,470	956,420
Accumulated deficit	(56,580)	(52,857)
Noncontrolling interests:
Operating partnership	49,157	100,822
Partners’ capital:
Consolidated subsidiaries	427	449
Total equity	1,009,686	1,005,977
Total liabilities and equity	2,858,419	2,798,994
Urban Edge Properties LP
Real estate, at cost:
Land	516,177	525,819
Buildings and improvements	2,155,036	2,156,113
Construction in progress	78,320	80,385
Furniture, fixtures and equipment	7,066	6,675
Total	2,756,599	2,768,992
Accumulated depreciation and amortization	(661,909)	(645,872)
Real estate, net	2,094,690	2,123,120
Right-of-use assets	85,404	0
Cash and cash equivalents	412,126	440,430
Restricted cash	51,473	17,092
Tenant and other receivables, net of allowance for doubtful accounts of $6,486 as of December 31, 2018	32,643	28,563
Receivable arising from the straight-lining of rents, net of $134 as of December 31, 2018	77,189	84,903
Identified intangible assets, net of accumulated amortization of $29,479 and $39,526, respectively	51,618	68,422
Deferred leasing costs, net of accumulated amortization of $16,615 and $16,826, respectively	20,667	21,277
Deferred financing costs, net of accumulated amortization of $3,276 and $2,764, respectively	1,723	2,219
Prepaid expenses and other assets	30,886	12,968
Total assets	2,858,419	2,798,994
Liabilities:
Mortgages payable, net	1,548,944	1,550,242
Lease liabilities	83,050	0
Accounts payable, accrued expenses and other liabilities	85,034	98,517
Identified intangible liabilities, net of accumulated amortization of $66,613 and $65,058, respectively	131,705	144,258
Total liabilities	1,848,733	1,793,017
Commitments and contingencies
Shareholders’ equity:
Accumulated deficit	(60,461)	(57,482)
Partners’ capital:
General partner: 121,171,003 and 114,345,565 units outstanding, respectively	1,016,682	957,563
Limited partners: 6,201,228 and 12,736,633 units outstanding, respectively	53,038	105,447
Total partners’ capital	1,009,259	1,005,528
Consolidated subsidiaries	427	449
Total equity	1,009,686	1,005,977
Total liabilities and equity	$ 2,858,419	$ 2,798,994

Consolidated and Combined Bal_2

Consolidated and Combined Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Allowance for doubtful accounts	$ 0	$ 6,486
Allowance for Doubtful Other Receivables, Current	0	134
Accumulated amortization, identified intangible assets	29,479	39,526
Accumulated amortization, deferred leasing costs	16,615	16,826
Accumulated amortization, deferred financing costs	3,276	2,764
Accumulated amortization, identified intangible liabilities	$ 66,613	$ 65,058
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, outstanding (in shares)	121,171,003	114,345,565
Urban Edge Properties LP
Allowance for Doubtful Other Receivables, Current	$ 0	$ 134
Accumulated amortization, identified intangible assets	29,479	39,526
Accumulated amortization, deferred leasing costs	16,615	16,826
Accumulated amortization, deferred financing costs	3,276	2,764
Accumulated amortization, identified intangible liabilities	$ 66,613	$ 65,058
Common stock, shares, outstanding (in shares)	121,171,003	114,345,565
Limited Partners, units outstanding (in units)	6,201,228	12,736,633

Consolidated and Combined State

Consolidated and Combined Statements of Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
REVENUE
Rental revenue		$ 101,488	$ 100,768	$ 198,796	$ 199,162
Total revenue		102,747	101,970	200,479	201,023
EXPENSES
Depreciation and amortization		22,567	30,441	44,397	51,711
Real estate taxes		15,221	15,587	30,698	31,362
Property operating		14,416	21,765	31,477	39,668
General and administrative		10,010	8,236	20,590	15,877
Casualty and impairment loss (gain), net(1)	[1]	5,112	35	9,070	(1,306)
Lease expense		3,896	2,752	7,551	5,488
Total expenses		71,222	78,816	143,783	142,800
Gain on sale of real estate		11,550	50,440	28,503	50,440
Interest income		2,458	2,031	4,964	3,555
Interest and debt expense		(16,472)	(15,659)	(33,008)	(31,303)
Gain on extinguishment of debt		0	0	0	2,524
Income before income taxes		29,061	59,966	57,155	83,439
Income tax expense		(994)	(192)	(1,196)	(626)
Net income		28,067	59,774	55,959	82,813
Less net (income) loss attributable to noncontrolling interests in:
Operating partnership		(1,518)	(6,025)	(3,873)	(8,353)
Consolidated subsidiaries		22	(12)	22	(23)
Net income (loss) attributable to common shareholders		$ 26,571	$ 53,737	$ 52,108	$ 74,437
Earnings per common share - Basic (in dollars per share)		$ 0.22	$ 0.47	$ 0.44	$ 0.65
Earnings per common share - Diluted (in dollars per share)		$ 0.22	$ 0.47	$ 0.44	$ 0.65
Weighted average shares outstanding - Basic (in shares)		120,364	113,739	118,330	113,708
Weighted average shares outstanding - Diluted (in shares)		120,461	113,942	118,436	114,151
Management and development fees
REVENUE
Revenues		$ 308	$ 347	$ 660	$ 689
Other income
REVENUE
Revenues		951	855	1,023	1,172
Urban Edge Properties LP
REVENUE
Rental revenue		101,488	100,768	198,796	199,162
Total revenue		102,747	101,970	200,479	201,023
EXPENSES
Depreciation and amortization		22,567	30,441	44,397	51,711
Real estate taxes		15,221	15,587	30,698	31,362
Property operating		14,416	21,765	31,477	39,668
General and administrative		10,010	8,236	20,590	15,877
Casualty and impairment loss (gain), net(1)	[1]	5,112	35	9,070	(1,306)
Lease expense		3,896	2,752	7,551	5,488
Total expenses		71,222	78,816	143,783	142,800
Gain on sale of real estate		11,550	50,440	28,503	50,440
Interest income		2,458	2,031	4,964	3,555
Interest and debt expense		(16,472)	(15,659)	(33,008)	(31,303)
Gain on extinguishment of debt		0	0	0	2,524
Income before income taxes		29,061	59,966	57,155	83,439
Income tax expense		(994)	(192)	(1,196)	(626)
Net income		28,067	59,774	55,959	82,813
Less net (income) loss attributable to noncontrolling interests in:
Consolidated subsidiaries		22	(12)	22	(23)
Net income (loss) attributable to common shareholders		$ 28,089	$ 59,762	$ 55,981	$ 82,790
Earnings per common share - Basic (in dollars per share)		$ 0.22	$ 0.47	$ 0.44	$ 0.65
Earnings per common share - Diluted (in dollars per share)		$ 0.22	$ 0.47	$ 0.44	$ 0.65
Weighted average shares outstanding - Basic (in shares)		126,478	126,178	126,442	126,178
Weighted average shares outstanding - Diluted (in shares)		126,580	126,602	126,554	126,621
Urban Edge Properties LP | Management and development fees
REVENUE
Revenues		$ 308	$ 347	$ 660	$ 689
Urban Edge Properties LP | Other income
REVENUE
Revenues		$ 951	$ 855	$ 1,023	$ 1,172
[1]	Refer to Note 2 to the unaudited consolidated financial statements in Part I, Item I of this Quarterly Report on Form 10-Q.

Consolidated and Combined Sta_2

Consolidated and Combined Statements 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, 2017					113,827,529	12,812,954	113,827,529
Beginning 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	74,437	82,790	82,790						74,437
Net income (loss) attributable to noncontrolling interests	8,376	23		23						8,353	23
Common units issued as a result of common shares issued by Urban Edge (in shares)					123,937
Common units issued as a result of common shares issued by Urban Edge		324	(101)		$ 425
Units redeemed for common shares (in shares)					70,000	(70,000)	70,000
Units redeemed for common shares	571	571			$ 571		$ 1	570
Limited partnership units issued, net (in shares)						(4,047)
Limited partnership units issued, net		0
Reallocation of noncontrolling interests	(571)	(571)			1,620	$ (2,191)		1,620		(2,191)
Common shares issued (in shares)							123,937
Common shares issued	324						$ 2	423	(101)
Dividends to common shareholders	(50,037)								(50,037)
Distributions to redeemable NCI	(5,566)									(5,566)
Distributions to Partners		(55,603)	(55,603)
Share-based compensation expense	4,242	4,242	15		$ 2,327	$ 1,900		2,327	15	1,900
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 Jun. 30, 2018					114,004,276	12,738,907	114,004,276
Ending balance at Jun. 30, 2018	1,021,932	1,021,932	(35,797)	427	$ 952,098	$ 105,204	$ 1,140	950,958	(33,307)	102,714	427
Beginning balance (in shares) at Mar. 31, 2018					113,923,724	12,840,764	113,923,724
Beginning balance at Mar. 31, 2018	987,430	987,430	(67,710)	415	$ 948,954	$ 105,771	$ 1,139	947,815	(61,975)	100,036	415
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders	53,737	59,762	59,762						53,737
Net income (loss) attributable to noncontrolling interests	6,037	12		12						6,025	12
Common units issued as a result of common shares issued by Urban Edge (in shares)					21,584
Common units issued as a result of common shares issued by Urban Edge		348	(36)		$ 384
Units redeemed for common shares (in shares)					70,000	(70,000)	60,000
Units redeemed for common shares	492	571			$ 571		$ 1	491
Limited partnership units issued, net (in shares)					(10,000)	(31,857)
Limited partnership units issued, net		0			$ (563)	$ 563
Reallocation of noncontrolling interests	(492)	(571)			1,620	(2,191)		1,136		(1,628)
Common shares issued (in shares)							21,584
Common shares issued	348						$ 1	383	(36)
Dividends to common shareholders	(25,040)								(25,040)
Distributions to redeemable NCI	(2,780)									(2,780)
Distributions to Partners		(27,820)	(27,820)
Share-based compensation expense	2,222	2,222	7		$ 1,154	$ 1,061		1,154	7	1,061
Share-based awards retained for taxes (in shares)					(1,032)		(1,032)
Share-based awards retained for taxes	(22)	(22)			$ (22)		$ (1)	(21)
Ending balance (in shares) at Jun. 30, 2018					114,004,276	12,738,907	114,004,276
Ending balance at Jun. 30, 2018	$ 1,021,932	$ 1,021,932	(35,797)	427	$ 952,098	$ 105,204	$ 1,140	950,958	(33,307)	102,714	427
Beginning balance (in shares) at Dec. 31, 2018	114,345,565	114,345,565			114,345,565	12,736,633	114,345,565
Beginning 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders	52,108	55,981	55,981						52,108
Net income (loss) attributable to noncontrolling interests	3,851	(22)		(22)						3,873	(22)
Common units issued as a result of common shares issued by Urban Edge (in shares)					45,022
Common units issued as a result of common shares issued by Urban Edge		314	(70)		$ 384
Units redeemed for common shares (in shares)					6,811,692	(6,811,692)	6,811,692
Units redeemed for common shares	54,313	54,313			$ 54,313		$ 68	54,245
Limited partnership units issued, net (in shares)						276,287
Limited partnership units issued, net		0
Reallocation of noncontrolling interests	(54,313)	(54,313)			1,786	$ (56,099)		1,786		(56,099)
Common shares issued (in shares)							45,022
Common shares issued	314						$ 1	383	(70)
Dividends to common shareholders	(52,843)								(52,843)
Distributions to redeemable NCI	(3,129)									(3,129)
Distributions to Partners		(55,972)	(55,972)
Share-based compensation expense	6,959	6,959			$ 3,269	$ 3,690		3,269		3,690
Share-based awards retained for taxes (in shares)					(31,276)		(31,276)
Share-based awards retained for taxes	$ (633)	$ (633)			$ (633)			(633)
Ending balance (in shares) at Jun. 30, 2019	121,171,003	121,171,003			121,171,003	6,201,228	121,171,003
Ending balance at Jun. 30, 2019	$ 1,009,686	$ 1,009,686	(60,461)	427	$ 1,016,682	$ 53,038	$ 1,212	1,015,470	(56,580)	49,157	427
Beginning balance (in shares) at Mar. 31, 2019					120,099,294	7,109,786	120,099,294
Beginning balance at Mar. 31, 2019	1,006,092	1,006,092	(60,509)	449	$ 1,006,330	$ 59,822	$ 1,201	1,005,129	(56,663)	55,976	449
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders	26,571	28,089	28,089						26,571
Net income (loss) attributable to noncontrolling interests	1,496	(22)		(22)						1,518	(22)
Common units issued as a result of common shares issued by Urban Edge (in shares)					24,365
Common units issued as a result of common shares issued by Urban Edge		279	(35)		$ 314
Units redeemed for common shares (in shares)					1,049,508	(1,049,508)	1,049,508
Units redeemed for common shares	8,166	8,166			$ 8,166		$ 11	8,155
Limited partnership units issued, net (in shares)						140,950
Limited partnership units issued, net		0
Reallocation of noncontrolling interests	(8,166)	(8,166)			536	$ (8,702)		536		(8,702)
Common shares issued (in shares)							24,365
Common shares issued	279						$ 0	314	(35)
Dividends to common shareholders	(26,453)								(26,453)
Distributions to redeemable NCI	(1,553)									(1,553)
Distributions to Partners		(28,006)	(28,006)
Share-based compensation expense	3,295	3,295			$ 1,377	$ 1,918		1,377	0	1,918
Share-based awards retained for taxes (in shares)					(2,164)		(2,164)
Share-based awards retained for taxes	$ (41)	$ (41)			$ (41)		$ 0	(41)
Ending balance (in shares) at Jun. 30, 2019	121,171,003	121,171,003			121,171,003	6,201,228	121,171,003
Ending balance at Jun. 30, 2019	$ 1,009,686	$ 1,009,686	$ (60,461)	$ 427	$ 1,016,682	$ 53,038	$ 1,212	$ 1,015,470	$ (56,580)	$ 49,157	$ 427

Consolidated and Combined Sta_3

Consolidated and Combined Statements of Changes in Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Distributions to redeemable NCI (in dollars per unit)	$ 0.22	$ 0.22
Limited Partners | Urban Edge Properties LP
Noncontrolling interest percentage	4.90%	10.10%	4.90%	10.10%
Accumulated Earnings (Deficit) | Urban Edge Properties LP
Dividends on common shares (in dollars per share)	$ 0.22	$ 0.22		$ 0.44
Accumulated Earnings (Deficit)
Dividends on common shares (in dollars per share)	0.22	0.22		0.44
Operating Partnership
Distributions to redeemable NCI (in dollars per unit)	$ 0.22	$ 0.22	$ 0.44	0.44
Operating Partnership | Accumulated Earnings (Deficit) | Urban Edge Properties LP
Dividends on common shares (in dollars per share)				$ 0.44

Consolidated and Combined Sta_4

Consolidated and Combined Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 55,959	$ 82,813
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	44,231	52,045
Real estate impairment loss	22,653	0
Gain on sale of real estate	(28,503)	(50,440)
Gain on extinguishment of debt	0	(2,524)
Amortization of deferred financing costs	1,439	1,440
Amortization of below market leases, net	(11,802)	(10,455)
Amortization of right-of-use assets	4,448	0
Straight-lining of rent	37	182
Share-based compensation expense	6,959	4,242
Provision for doubtful accounts	0	2,509
Change in operating assets and liabilities:
Tenant and other receivables	(3,927)	(7,083)
Deferred leasing costs	(1,874)	(1,823)
Prepaid and other assets	(95)	2,907
Accounts payable, accrued expenses and other liabilities	(12,688)	2,883
Net cash provided by operating activities	76,837	76,696
CASH FLOWS FROM INVESTING ACTIVITIES
Real estate development and capital improvements	(50,631)	(56,279)
Acquisition of real estate	0	(4,931)
Proceeds from sale of operating properties	33,821	54,303
Insurance proceeds	4,400	1,000
Net cash used in investing activities	(12,410)	(5,907)
CASH FLOWS FROM FINANCING ACTIVITIES
Debt repayments	(2,059)	(1,979)
Dividends to common shareholders	(52,843)	(50,037)
Distributions to redeemable noncontrolling interests	(3,129)	(5,566)
Taxes withheld for vested restricted shares	(633)	(385)
Proceeds related to the issuance of common shares	314	324
Net cash used in financing activities	(58,350)	(57,643)
Net increase in cash and cash equivalents and restricted cash	6,077	13,146
Cash and cash equivalents and restricted cash at beginning of period	457,522	500,841
Cash and cash equivalents and restricted cash at end of period	463,599	513,987
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest net of amounts capitalized of $989 and $2,423, respectively	32,478	33,340
Cash payments for income taxes	1,571	637
Cash payments for lease liabilities	4,971	0
NON-CASH INVESTING AND FINANCING ACTIVITIES
Accrued capital expenditures included in accounts payable and accrued expenses	15,463	27,574
Write-off of fully depreciated assets	38,101	9,918
Operating lease liabilities arising from obtaining right-of-use assets	98,980	0
Mortgage debt forgiven in foreclosure	0	11,537
Cash and cash equivalents at beginning of period	440,430	490,279
Cash and cash equivalents at end of period	412,126	500,930
Restricted cash at beginning of period	17,092	10,562
Restricted cash at end of period	51,473	13,057
Cash and cash equivalents and restricted cash at beginning/end of period	463,599	500,841
Urban Edge Properties LP
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	55,959	82,813
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	44,231	52,045
Real estate impairment loss	22,653	0
Gain on sale of real estate	(28,503)	(50,440)
Gain on extinguishment of debt	0	(2,524)
Amortization of deferred financing costs	1,439	1,440
Amortization of below market leases, net	(11,802)	(10,455)
Amortization of right-of-use assets	4,448	0
Straight-lining of rent	37	182
Share-based compensation expense	6,959	4,242
Provision for doubtful accounts	0	2,509
Change in operating assets and liabilities:
Tenant and other receivables	(3,927)	(7,083)
Deferred leasing costs	(1,874)	(1,823)
Prepaid and other assets	(95)	2,907
Accounts payable, accrued expenses and other liabilities	(12,688)	2,883
Net cash provided by operating activities	76,837	76,696
CASH FLOWS FROM INVESTING ACTIVITIES
Real estate development and capital improvements	(50,631)	(56,279)
Acquisition of real estate	0	(4,931)
Proceeds from sale of operating properties	33,821	54,303
Insurance proceeds	4,400	1,000
Net cash used in investing activities	(12,410)	(5,907)
CASH FLOWS FROM FINANCING ACTIVITIES
Debt repayments	(2,059)	(1,979)
Distributions to partners	(55,972)	(55,603)
Taxes withheld for vested restricted shares	(633)	(385)
Proceeds related to the issuance of common shares	314	324
Net cash used in financing activities	(58,350)	(57,643)
Net increase in cash and cash equivalents and restricted cash	6,077	13,146
Cash and cash equivalents and restricted cash at beginning of period	457,522	500,841
Cash and cash equivalents and restricted cash at end of period	463,599	513,987
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest net of amounts capitalized of $989 and $2,423, respectively	32,478	33,340
Cash payments for income taxes	1,571	637
Cash payments for lease liabilities	4,971	0
NON-CASH INVESTING AND FINANCING ACTIVITIES
Accrued capital expenditures included in accounts payable and accrued expenses	15,463	27,574
Write-off of fully depreciated assets	38,101	9,918
Operating lease liabilities arising from obtaining right-of-use assets	98,980	0
Mortgage debt forgiven in foreclosure	0	11,537
Cash and cash equivalents at beginning of period	440,430	490,279
Cash and cash equivalents at end of period	412,126	500,930
Restricted cash at beginning of period	17,092	10,562
Restricted cash at end of period	51,473	13,057
Cash and cash equivalents and restricted cash at beginning/end of period	$ 463,599	$ 500,841

Consolidated and Combined Sta_5

Consolidated and Combined Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Capitalized interest	$ 989	$ 2,423
Urban Edge Properties LP
Capitalized interest	$ 989	$ 2,423

ORGANIZATION

ORGANIZATION	6 Months Ended
	Jun. 30, 2019
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 June 30, 2019 , Urban Edge owned approximately 95.1% of the outstanding common OP Units with the remaining limited OP Units held by 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. As of June 30, 2019 , our portfolio consisted of 81 shopping centers, four malls and a warehouse park, totaling approximately 15.9 million

BASIS OF PRESENTATION AND PRINC

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION AND COMBINATION	6 Months Ended
	Jun. 30, 2019
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 interim financial information and with the instructions of Form 10-Q. Certain information and footnote disclosures included in our annual financial statements have been condensed or omitted. In the opinion of management, the consolidated financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position of the Company and the Operating Partnership and the results of operations and cash flows for the interim periods presented. Operating results for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2019 . Accordingly, these consolidated financial statements should be read in conjunction with our consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2018 , as filed with the Securities Exchange Commission (“SEC”). The consolidated balance sheets as of June 30, 2019 and December 31, 2018 reflect the consolidation of wholly-owned subsidiaries and those entities in which we have a controlling financial interest. The consolidated statements of income for the three and six months ended June 30, 2019 and 2018 include the consolidated accounts of the Company and the Operating Partnership. All intercompany transactions have been eliminated in consolidation. In accordance with ASC 205 Presentation of Financial Statements, the Company reclassified Property rentals and Tenant reimbursement income to Rental revenue on its consolidated statements of income for the three and six months ended June 30, 2019 and 2018, respectively, as reflected beginning on Form 10-K for the year ended December 31, 2018 . Additionally, the Company includes credit losses related to operating lease receivables as a reduction to rental revenue in "Rental revenue" in the consolidated statements of income for the three and six months ended June 30, 2019 due to the adoption of (“ASU 2016-02”) ASC 842 Leases. Provision for doubtful accounts are included in "Property operating expenses" for the three and six months ended June 30, 2018 . The Company includes real estate impairment charges, and casualty losses (gains) resulting from natural disasters in Casualty and impairment loss (gain), net on its consolidated statements of income for the three and six months ended June 30, 2019 and 2018, respectively, as reflected in this Quarterly Report on Form 10-Q. Refer to Note 9 and Note 10 to the unaudited consolidated financial statements in Part I, Item I of this Quarterly Report on Form 10-Q for information regarding real estate impairment charges and casualty losses (gains), respectively. 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	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Recently Issued Accounting Literature — Effective for the fiscal period beginning January 1, 2019, we adopted (“ASU 2016-02”) ASC 842 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). In connection with the adoption of ASU 2016-02, we also adopted (i) ASU 2019-01 Leases (ASC 842): Codification Improvements , (ii) ASU 2018-20 Leases (ASC 842): Narrow-Scope Improvements for Lessors , (iii) ASU 2018-11 Leases (ASC 842): Targeted Improvements , (iv) ASU 2018-10 Codification Improvements to ASC 842, Leases and (v) ASU 2018-01 Leases (ASC 842): Land Easement Practical Expedient for Transition to Topic 842. We initially applied the standard at the beginning of the period of adoption through the transition method issued by ASU 2018-11 and have presented comparative periods under ASC 840 Leases . Due to the effects of applying ASC 842, the Company recognized a $2.9 million cumulative-effect adjustment to its accumulated deficit to adjust r eserves on receivables from straight-line rents . 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 determines 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 ("ROU") asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. The Company has elected the short-term lease recognition exemption, and therefore, leases with a term of 12 months or less are not recognized on the balance sheet. The new standard requires lessors to account for leases using an approach that is substantially equivalent to guidance for sales-type leases, direct financing leases and operating leases under ASC 840. For purposes of transition, we did not elect the hindsight practical expedient but did elect the land easement practical expedient to not reassess whether existing land easements contain leases and the practical expedient package, which has been applied consistently to all of our leases. As a result of electing the practical expedient package, we did not (i) reassess whether any expired or existing contracts are or contain leases, (ii) reassess the lease classification for any expired or existing leases or (iii) reassess initial direct costs for any existing leases. From a lessee perspective, the initial adoption on January 1, 2019 resulted in the recognition of operating lease ROU assets and lease liabilities for 24 operating leases with an aggregate balance of $98.5 million and $93.6 million , respectively. On January 1, 2019, we also reclassified $11.9 million of acquired below-market lease intangibles and $7.1 million of accrued rent and adjusted the carrying values of our ROU assets by the corresponding amounts. If a finance lease is commenced in the future, a finance lease ROU asset and finance lease liability will be recognized on the balance sheet. The Company will recognize amortization of the finance lease ROU asset and interest expense on the lease liability. As of June 30, 2019 , our operating lease ROU assets and lease liabilities were $85.4 million and $83.1 million , respectively, as presented on our consolidated balance sheet. The standard's adoption has also impacted the presentation of our consolidated income statement due to accounting for the lease and non-lease components as a single lease component for all classes of underlying assets, presented as lease expense on the consolidated statement of income. Prior to the adoption of ASC 842, related lease and non-lease expense amounts were recognized within lease expense, real estate taxes, property operating expenses and general administrative expenses on the consolidated statement of income. From a lessor perspective, the adoption resulted 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 $0.3 million for the six months ended June 30, 2018 . The standard's adoption has also impacted the presentation of our consolidated income statement due to accounting for lease and non-lease components as a single lease component, presented as rental revenue on the consolidated statement of income, however there has been no change in the timing of revenue recognition since adoption. Additionally, under the amendments issued in ASU 2018-20, the Company has accounted for common area maintenance expenses paid directly by tenants to third-parties as variable rental revenue and has reported the corresponding expense within property operating expenses, however real estate taxes and insurance expenses paid directly by tenants have not been accounted for by the Company. The adoption of this standard has also resulted in additional quantitative and qualitative footnote disclosures (refer to Note 8 Leases). ASU 2016-13, Financial Instruments - Credit Losses (ASC 326): Measurement of Credit Losses will become effective for the fiscal period beginning January 1, 2020. ASU 2016-13 introduces a new model for estimating credit losses for certain types of financial instruments and also modifies the impairment model with new methodology for estimating credits losses. In November 2018, the FASB issued ASU 2018-19 Codification Improvements to Topic 326, Financial Instruments—Credit Losses , which included amendments to clarify receivables arising from operating leases are within the scope ASC 842. Due to the adoption of ASC 842, the Company includes credit losses related to operating lease receivables as a reduction to rental revenue in "Rental revenue" in the consolidated statements of income . The Company does not expect the adoption of ASU 2016-13 to have a material impact on our consolidated financial statements. In August 2018, the FASB issued ASU 2018-13 Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement to ASC 820, Fair Value Measurement . ASU 2018-13 modifies the disclosure requirements for fair value measurements by removing, modifying, and/or adding certain disclosures. ASU 2018-13 is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2019. We elected to early adopt ASU 2018-13 effective January 1, 2019. The adoption of this update did not have a material impact on our consolidated financial statements and disclosures.

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS Acquisitions During the six months ended June 30, 2019 , no acquisitions were completed by the Company. As of June 30, 2019 , we were under contract to purchase an office building in Maywood, NJ, adjacent to our existing property, 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. We are also under contract to purchase a retail outparcel in Paramus, NJ, adjacent to our existing property, Bergen Town Center, for a gross purchase price of $6.6 million . The transaction is scheduled to close by the end of 2019. Dispositions On March 15, 2019 , we completed the sale of our property in Chicopee, MA for $18.2 million , net of selling costs, resulting in a $17.0 million gain on sale of real estate recognized during the six months ended June 30, 2019 . On May 14, 2019 , we completed the sale of our property in Glen Burnie, MD for $15.6 million , net of selling costs, resulting in a $11.6 million gain on sale of real estate recognized during the three and six months ended June 30, 2019 . Real Estate Held for Sale As of June 30, 2019 , our properties in Tysons Corner, VA and Springfield, MA were classified as held for sale based on executed contracts of sale with third-party buyers. The Company classifies properties as held for sale when executed contract contingencies have been satisfied, which signify that the sale is legally binding. The aggregate asset and liability amounts of these properties were $22.3 million and $12.1 million , respectively, and were included in prepaid expenses and other assets and accounts payable, accrued expenses and other liabilities, respectively, in our consolidated balance sheets as of June 30, 2019 . On July 9, 2019 , we completed the sale of our property in Springfield, MA for $9.7 million , net of selling costs. The sale of our property in Tysons Corner, VA is scheduled to close by the end of 2019.

IDENTIFIED INTANGIBLE ASSETS AN

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES	IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES Our identified intangible assets (acquired in-place and above-market leases) and liabilities (acquired below-market leases), net of accumulated amortization were $51.6 million and $131.7 million as of June 30, 2019 , respectively, and $68.4 million and $144.3 million as of December 31, 2018 , respectively. Amortization of acquired below-market leases, net of acquired above-market leases resulted in additional rental income of $9.4 million and $11.8 million for the three and six months ended June 30, 2019 , respectively, and $7.8 million and $10.5 million for the same periods in 2018. Amortization of acquired in-place leases and customer relationships resulted in additional depreciation and amortization expense of $1.9 million and $4.0 million for the three and six months ended June 30, 2019 , respectively, and $5.8 million and $8.6 million for the same periods in 2018. The following table sets forth the estimated annual amortization income and expense related to intangible assets and liabilities for the remainder of 2019 and the five succeeding years: (Amounts in thousands) Below-Market Above-Market Year Operating Lease Amortization Operating Lease Amortization In-Place Leases 2019 (1) $ 4,827 $ (567 ) $ (3,506 ) 2020 9,570 (996 ) (6,124 ) 2021 9,432 (797 ) (4,934 ) 2022 9,355 (433 ) (4,032 ) 2023 9,308 (327 ) (3,702 ) 2024 9,061 (266 ) (3,264 ) (1)

MORTGAGES PAYABLE

MORTGAGES PAYABLE	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
MORTGAGES PAYABLE	MORTGAGES PAYABLE The following is a summary of mortgages payable as of June 30, 2019 and December 31, 2018 . Interest Rate at June 30, December 31, (Amounts in thousands) Maturity June 30, 2019 2019 2018 First mortgages secured by: Variable rate Cherry Hill (Plaza at Cherry Hill) (1) 5/24/2022 4.04% $ 28,930 $ 28,930 Westfield (One Lincoln Plaza) (1) 5/24/2022 4.04% 4,730 4,730 Woodbridge (Plaza at Woodbridge) (1) 5/25/2022 4.04% 55,340 55,340 Jersey City (Hudson Commons) (2) 11/15/2024 4.34% 29,000 29,000 Watchung (2) 11/15/2024 4.34% 27,000 27,000 Bronx (1750-1780 Gun Hill Road) (2) 12/1/2024 4.34% 24,500 24,500 Total variable rate debt 169,500 169,500 Fixed rate Montehiedra (senior loan) 7/6/2021 5.33% 84,314 84,860 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% 11,283 11,582 Jersey City (Hudson Mall) (4) 12/1/2023 5.07% 23,977 24,326 Yonkers Gateway Center (5) 4/6/2024 4.16% 30,919 31,704 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) 4/1/2027 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% 13,741 13,987 Total fixed rate debt 1,390,434 1,392,659 Total mortgages payable 1,559,934 1,562,159 Unamortized debt issuance costs (10,990 ) (11,917 ) Total mortgages payable, net of unamortized debt issuance costs $ 1,548,944 $ 1,550,242 (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 Mt Kisco includes $0.9 million and $1.0 million of unamortized debt discount as of June 30, 2019 and December 31, 2018 , respectively. The effective interest rate including amortization of the debt discount is 7.29% as of June 30, 2019 . (4) The mortgage payable balance on the loan secured by Hudson Mall includes $1.1 million and $1.2 million of unamortized debt premium as of June 30, 2019 and December 31, 2018 , respectively. The effective interest rate including amortization of the debt premium is 3.82% as of June 30, 2019 . (5) The mortgage payable balance on the loan secured by Yonkers Gateway Center includes $0.6 million and $0.7 million of unamortized debt premium as of June 30, 2019 and December 31, 2018 , respectively. The effective interest rate including amortization of the debt premium is 3.73% as of June 30, 2019 . The net carrying amount of real estate collateralizing the above indebtedness amounted to approximately $1.3 billion as of June 30, 2019 . 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 June 30, 2019 , 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 gain on extinguishment of debt in the consolidated statement of income for the six months ended June 30, 2018 . As of June 30, 2019 , the principal repayments for the next five years and thereafter are as follows: (Amounts in thousands) Year Ending December 31, 2019 (1) $ 2,573 2020 7,515 2021 123,475 2022 99,976 2023 344,368 2024 274,316 Thereafter 707,711 (1) Remainder of 2019. 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. On July 29, 2019, we entered into a second amendment to the Agreement to extend the maturity date to January 29, 2024 with two six -month extension options. Company borrowings under the Agreement are subject to interest at LIBOR plus 1.05% to 1.50% and an annual facility fee of 15 to 30 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. Financing fees associated with the existing Agreement of $1.7 million and $2.2 million as of June 30, 2019 and December 31, 2018, respectively, are included in deferred financing fees, net in the consolidated balance sheets. Subsequent to June 30, 2019 , additional deferred financing fees of $2.7 million were incurred as a result of the second amendment to the Agreement.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2019
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 Tax Cuts and Jobs Act (“TCJA”) 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 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 TCJA was signed into law. The TCJA 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 TCJA 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. On December 31, 2017, the Company elected, for tax purposes, to treat the wholly-owned limited partnership that held its Allentown property as a 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 three and six months ended June 30, 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 six months ended June 30, 2018 . As of December 31, 2018, the Allentown TRS had been dissolved and as such, the Company’s consolidated financial statements for the three and six months ended June 30, 2019 do not reflect any corporate income taxes associated with such TRS. During the three months ended June 30, 2019, certain non-real estate operating activities, non-qualifying for REIT purposes, commenced through the Company’s operating TRS and are subject to federal, state and local income taxes. These income taxes are included in the income tax expense in the consolidated statements of income. 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 $0.9 million and $0.2 million for the three months ended June 30, 2019 and 2018 , respectively, and $1.1 million and $0.4 million for the six months ended June 30, 2019 and 2018, respectively. Both properties are held in a special partnership for Puerto Rico tax reporting (the general partner being a qualified REIT subsidiary or “QRS”).

LEASES (Notes)

LEASES (Notes)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
LEASES	LEASES Leases — We have approximately 1,200 operating leases at our retail shopping centers and malls, which generate rental income from tenants and operating cash flows for the Company. Our tenant leases are dependent on the Company, as lessor, agreeing to provide our tenants with the right to control the use of our real estate assets, as lessees. Our real estate assets are comprised of retail shopping centers and malls. Tenants agree to use and control their agreed upon space for their business purposes. Thus, our tenants obtain substantially all of the economic benefits from the use of our shopping center space and have the right to direct how and for what purpose the real estate space is used throughout the period of use. Given these contractual terms, the Company has determined that all tenant contracts of this nature contain a lease. The Company assesses lease classification for each new and modified lease. All new and modified leases commenced in the six months ended June 30, 2019 have been assessed and classified as operating leases. Contractual rent increases of renewal options are often fixed at the time of the initial lease agreement which may result in tenants being able to exercise their renewal options at amounts that are less than the fair value of the rent at the date of renewal. In addition to fixed base rents, certain rental income derived from our tenant leases is variable and may be dependent on percentage rent or the Consumer Price Index ("CPI"). Variable lease payments from 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. Variable lease payments dependent on the CPI, will change in accordance with the corresponding increase or decrease in CPI if negotiated and agreed upon in the tenant's lease. Variable lease payments dependent on percentage rent and the CPI were $0.7 million for the six months ended June 30, 2019 . Variable lease payments also arise from tenant expense reimbursements, which provide for the recovery of all or a portion of the operating expenses, common area maintenance expenses, real estate taxes, insurance and capital improvements of the respective property and amounted to $54.4 million in the six months ended June 30, 2019 . The Company accounts for variable lease payments as "Rental revenue" on the consolidated statement of income in the period in which the changes in facts and circumstances on which the variable lease payments are based occur. The Company also has 21 properties in its portfolio either completely or partially on land or a building that are owned by third parties. These properties are leased or subleased to us pursuant to ground or building leases, with remaining terms ranging from less than one year to over 80 years and provide us the right to operate each such property. We also lease or sublease real estate for our three corporate offices with remaining terms ranging from one to two years. ROU assets are recorded for these leases, which represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from these leases. ROU assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. The initial measurement of a ROU asset may differ from the initial measurement of the lease liability due to initial direct costs, prepaid lease payments and lease incentives. As of June 30, 2019 , no other contracts have been identified as leases . Our leases often offer renewal options, which we assess against relevant economic factors to determine whether the Company is reasonably certain of exercising or not exercising the option. Lease payments associated with renewal periods, for which the Company has determined are reasonably certain of being exercised, are included in the measurement of the corresponding lease liability and ROU asset. During the second quarter, the Company reassessed the lease term of one of its ground leases due to a change in circumstances in our election to renew the ground lease. As a result of this reassessment, the Company remeasured the lease liability by using revised inputs as of the reassessment date and recorded an additional ROU asset and lease liability of $5.0 million , respectively. The discount rate applied to measure each ROU asset and lease liability is based on the incremental borrowing rate of the lease due to the rate implicit in the lease not being readily determinable. The Company initially considers the general economic environment and factors in various financing and asset specific secured borrowings so that the overall incremental borrowing rate is appropriate to the intended use of the lease. Certain expenses derived from these leases are variable and are not included in the measurement of the corresponding lease liability and ROU asset, but are recognized in the period in which the obligation for those payments is incurred. These variable lease payments consist of payments for real estate taxes and common area maintenance, which is dependent on projects and activities at each individual property under ground or building lease. Accounts Receivable and Changes in Collectibility Assessment — Accounts receivable includes unpaid amounts billed to tenants, disputed enforceable charges and accrued revenues for future billings to tenants for property expenses. We periodically evaluate the collectibility of amounts due from tenants and disputed enforceable charges, resulting from the inability of tenants to make required payments under their lease agreements. We recognize changes in the collectibility assessment of these operating leases as adjustments to rental revenue. Management exercises judgment in assessing collectibility and considers payment history and current credit status. Accounts receivable are written-off directly when they are deemed to be uncollectible. Leases as lessor We have approximately 1,200 operating leases at our retail shopping centers and malls, which generate rental income from tenants and operating cash flows for the Company. Our tenant base comprises a diverse group of merchants including department stores, supermarkets, discounters, entertainment offerings, health clubs, DIY stores, in-line specialty shops, restaurants and other food and beverage vendors and service providers. Tenant leases for under 10,000 sf generally have lease terms of five years or less. Tenant leases for 10,000 sf or more are considered anchor leases and generally have lease terms of 10 to 25 years, with one or more renewal options available upon expiration of the initial lease term. Contractual rent increases for the renewal options are often fixed at the time of the initial lease agreement which may result in tenants being able to exercise their renewal options at amounts that are less than the fair value of the rent at the date of renewal. The components of rental revenue for the three and six months ended June 30, 2019 were as follows: (Amounts in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Rental Revenue Fixed lease revenue $ 74,896 $ 143,380 Variable lease revenue 26,592 55,416 Total rental revenue $ 101,488 $ 198,796 Maturity analysis of lease payments as lessor The Company’s operating leases are disclosed in the aggregate due to their consistent nature as real estate leases. As of June 30, 2019 , the undiscounted cash flows to be received from lease payments of our operating leases on an annual basis for the next five years and thereafter are as follows: (Amounts in thousands) Year Ending December 31, 2019 (1) $ 132,367 2020 253,816 2021 234,377 2022 215,545 2023 192,209 2024 158,997 Thereafter 872,575 Total undiscounted cash flows $ 2,059,886 (1) Remainder of 2019. As of December 31, 2018, future base rental revenue under non-cancelable operating leases, under ASC 840 as lessor, was 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 year ended December 31, 2018 , rental revenue from percentage rent was $2.0 million . For the year ended December 31, 2018 , rental revenue from tenant expense reimbursements was $108.7 million . Property, plant and equipment under operating leases as lessor As of June 30, 2019 , substantially all of the Company’s real estate assets are subject to operating leases. Leases as lessee As of June 30, 2019 , the Company had 21 properties in its portfolio either completely or partially on land or a building that was owned by third parties. These properties are leased or subleased to us pursuant to ground or building leases, with remaining terms ranging from less than one year to over 80 years and provide us the right to operate the property. We also lease or sublease real estate for our three corporate offices with remaining terms ranging from one to two years. The components of lease expense for the three and six months ended June 30, 2019 were as follows: (Amounts in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease expense Operating lease cost (1) $ 3,127 $ 6,108 Variable lease cost 769 1,443 Total lease expense $ 3,896 $ 7,551 (1) During the three and six months ended June 30, 2019 , the Company recognized sublease income of $5.2 million and $10.2 million , respectively, included in rental revenue on the consolidated statement of income in relation to certain ground and building lease arrangements. Operating lease cost includes amortization of below-market ground lease intangibles and straight-line lease expense. Supplemental balance sheet information related to leases was as follows: June 30, 2019 Supplemental noncash information Weighted-average remaining lease term - operating leases 16.2 years Weighted-average discount rates - operating leases 3.97 % Maturity analysis of lease payments as lessee The undiscounted cash flows to be paid on an annual basis for the next five years and thereafter are presented in the table below. The total amount of lease payments, on an undiscounted basis, are reconciled to the lease liability on the consolidated balance sheet by considering the present value discount. (Amounts in thousands) Year Ending December 31, 2019 (1) $ 4,887 2020 9,228 2021 8,639 2022 8,658 2023 8,456 2024 8,463 Thereafter 68,956 Total undiscounted cash flows 117,287 Present value discount (34,237 ) Discounted cash flows $ 83,050 (1) Remainder of 2019. As of December 31, 2018, future lease payments under operating lease agreements, including extension options if reasonably assured of being exercised, under ASC 840 as lessee, were 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

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2019
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 June 30, 2019 and December 31, 2018 . 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 by discounting the future contractual cash flows of these instruments using current risk-adjusted rates available to borrowers with similar credit ratings, which are provided by a third-party specialist. 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 June 30, 2019 and December 31, 2018 . As of June 30, 2019 As of December 31, 2018 (Amounts in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents $ 412,126 $ 412,126 $ 440,430 $ 440,430 Liabilities: Mortgages payable (1) $ 1,559,934 $ 1,592,828 $ 1,562,159 $ 1,543,963 (1) Carrying amounts exclude unamortized debt issuance costs of $11.0 million and $11.9 million as of June 30, 2019 and December 31, 2018 , respectively. 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 three months ended June 30, 2019, the Company recognized impairment charges of $18.7 million on two retail properties that the Company intends to market and sell within the next two years. The impairment loss was calculated as the difference between the assets’ individual carrying values and the estimated aggregated fair values of $28.5 million , less estimated selling costs. We also recognized a $4.0 million impairment charge on an additional property during the three months ended March 31, 2019 as a result of the loss of a significant tenant at the property. The valuation of these properties were based on comparable sale transactions in the properties’ surrounding areas. The Company believes the inputs utilized to measure the 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 within casualty and impairment loss (gain), net on our consolidated statements of income for the three and six months ended June 30, 2019 .

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES There are various legal actions against us in the ordinary course of business. 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 June 30, 2019 , we had approximately $120.8 million of active development, redevelopment and anchor repositioning projects underway, of which $20.7 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. Tornado-Related Charges On June 13, 2018, a tornado hit our shopping center in Wilkes-Barre, PA, damaging approximately 13% of the property’s gross leasable area. During the three months ended June 30, 2019 , the Company settled the related insurance claim with its carrier for $5.5 million . Of this amount, the Company recognized $4.8 million as a casualty gain in the three months ended June 30, 2019 . As part of the settlement, the Company recognized $0.2 million and $0.3 million as business interruption proceeds within rental revenue for the three and six months ended June 30, 2019, respectively. Hurricane-Related Charges On September 20, 2017, Hurricane Maria made landfall, damaging our two properties in Puerto Rico. During the six months ended June 30, 2018 , the Company received $1.5 million in casualty insurance proceeds, which were partially offset by $0.2 million of hurricane related costs, resulting in net casualty gains of $1.3 million included in casualty and impairment loss (gain), net on the accompanying consolidated statements of income. During the three and six months ended June 30, 2018 , the Company recognized a $0.2 million net casualty gain and $0.5 million of business interruption losses, respectively. For the six months ended June 30, 2018 , losses of $0.7 million pertained to rent abatements due to tenants that had not reopened since the hurricane, recorded as a reduction of rental revenue, offset by a $0.2 million reversal within property operating expenses to provision for doubtful accounts for payments received from tenants on rents previously reserved. During the three months ended June 30, 2019 , the Company reached a settlement agreement with its carrier regarding its final insurance recovery related to Hurricane Maria for $14.3 million , of which $3.3 million was previously received, subject to deductibles of $2.3 million . We recognized an $8.7 million casualty gain in the second quarter of 2019 as a result of the remaining insurance proceeds from the settlement agreement for our two malls in Puerto Rico. 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 on our consolidated balance sheets as of June 30, 2019 and December 31, 2018 , 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 three and six months ended June 30, 2018 , the Company recognized $0.3 million and $0.6 million , respectively, of environmental remediation costs within 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 rental revenue 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. Sears Holdings Corporation (“Sears”), the parent company of Kmart, filed for Chapter 11 bankruptcy protection on October 15, 2018. The Company had four Kmart leases comprising approximately 547,000 sf, which generated $8.5 million in annual rental revenue. In January 2019, Sears announced the acquisition of its assets by ESL Investments (“ESL”) for approximately $5.2 billion . Property rents were paid on all four Kmart locations through April 2019. During the second quarter of 2019, our Kmart leases at Las Catalinas and Huntington, NY were rejected and we recognized a $7.4 million write-off of the below-market intangible liability connected with the lease in Huntington, NY (classified within rental revenues). ESL assumed the Company’s remaining two Kmart leases at Montehiedra and at Bruckner Commons during the second quarter of 2019. The Company is monitoring the proceedings and considering its alternatives. During the second quarter, the Company received $1.1 million of bankruptcy settlement income in connection with the bankruptcy proceedings of Toys "R" Us Inc. (“Toys “R” Us”). The settlement proceeds were used to offset outstanding credit losses and the remaining proceeds were recorded to other income. Prior to liquidation in 2018, the Company had leases with Toys “R” Us at nine locations with annual gross rents of $7.6 million . No determination has been made as to the amount or timing of additional bankruptcy settlement proceeds, if any, that may be received.

PREPAID EXPENSES AND OTHER ASSE

PREPAID EXPENSES AND OTHER ASSETS	6 Months Ended
	Jun. 30, 2019
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) June 30, 2019 December 31, 2018 Assets held for sale $ 22,289 $ — Other assets 3,231 2,765 Prepaid expenses: Real estate taxes 1,772 6,911 Insurance 1,913 2,509 Licenses/fees 1,681 783 Total Prepaid expenses and other assets $ 30,886 $ 12,968

ACCOUNTS PAYABLE, ACCRUED EXPEN

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES	6 Months Ended
	Jun. 30, 2019
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 other liabilities in the consolidated balance sheets: Balance at (Amounts in thousands) June 30, 2019 December 31, 2018 Accrued capital expenditures and leasing costs $ 21,201 $ 29,754 Deferred tenant revenue 19,152 28,697 Liabilities held for sale 12,081 — Accrued interest payable 9,196 8,950 Deferred tax liability, net 5,363 5,532 Security deposits 5,671 5,396 Accrued payroll expenses 3,326 5,747 Other liabilities and accrued expenses 9,044 7,371 Accrued rent (1) — 7,070 Total accounts payable, accrued expenses and other liabilities $ 85,034 $ 98,517 (1) In connection with the adoption of ASC 842 on January 1, 2019, we reclassified $7.1 million of accrued rent and adjusted the carrying values of our ROU assets by the corresponding amount.

INTEREST AND DEBT EXPENSE

INTEREST AND DEBT EXPENSE	6 Months Ended
	Jun. 30, 2019
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 in the consolidated statements of income: Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands) 2019 2018 2019 2018 Interest expense $ 15,752 $ 14,942 $ 31,568 $ 29,864 Amortization of deferred financing costs 720 717 1,440 1,439 Total Interest and debt expense $ 16,472 $ 15,659 $ 33,008 $ 31,303

EQUITY AND NONCONTROLLING INTER

EQUITY AND NONCONTROLLING INTEREST	6 Months Ended
	Jun. 30, 2019
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 June 30, 2019 , $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 three and six months ended June 30, 2019 and 2018 , 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. Dividends and Distributions During the three months ended June 30, 2019 and 2018 , respectively, the Company declared dividends on our common shares and OP unit distributions of $0.22 per share/unit. During the six months ended June 30, 2019 and 2018 , respectively, the Company declared dividends on our common shares and OP unit distributions of $0.44 per share/unit in the aggregate. 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. 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 5.4% and 6.9% weighted-average interest in the Operating Partnership for the three and six months ended June 30, 2019 , respectively. 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 redeem their units for cash or the Company’s common shares on a one -for-one basis, solely at our election. 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. On February 28, 2019, the Company issued 5.7 million common shares to VRLP, in exchange for an equal number of OP units after receiving a notice of redemption from VRLP. The issuance is exempt from registration in reliance upon Section 4(a)(2) of the Securities Act of 1933, as amended, on the basis that no public offering was made. Noncontrolling Interest in Consolidated Subsidiaries The noncontrolling interest relates to the 5%

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION 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: Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands) 2019 2018 2019 2018 Share-based compensation expense components: Restricted share expense $ 336 $ 614 $ 1,087 $ 1,201 Stock option expense 999 519 2,070 1,104 LTIP expense 995 208 2,203 374 Outperformance Plan (“OPP”) expense 923 858 1,487 1,540 Deferred share unit (“DSU”) expense 42 23 112 23 Total Share-based compensation expense $ 3,295 $ 2,222 $ 6,959 $ 4,242 Equity award activity during the six months ended June 30, 2019 included: (i) 276,482 LTIP units granted, (ii) 180,213 stock options granted, (iii) 31,578 restricted shares granted, (iv) 693,441 stock options vested, (v) 96,378 restricted shares vested and (vi) 80,681 LTIP units vested. 2019 Long-Term Incentive Plan On April 4, 2019, the Compensation Committee of the Board of Trustees of the Company approved the Company’s 2019 Long-Term Incentive Plan (“2019 LTI Plan”). The Plan is a multi-year, equity compensation program under which participants, including our Chairman and Chief Executive Officer, have the opportunity to earn awards in the form of LTIP units that vest based on the passage of time (one-third of the program) and performance goals tied to our relative and absolute total shareholder return (“TSR”) during the three -year performance period following their grant (two-thirds of the program). For the performance-based awards under the 2019 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 TSR meets certain criteria over the three -year performance measurement period (the “Performance Period”) beginning on February 27, 2019 and ending on February 26, 2022 . The Company issued 489,319 LTIP Units under the 2019 LTI Plan. Under the Absolute TSR component, 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, 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 and absolute TSR thresholds. The fair value of the performance-based award portion of the 2019 LTI Plan on the date of grant was $4.3 million using a Monte Carlo simulation to estimate the fair value through a risk-neutral premise. The time-based awards under the 2019 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. As of June 30, 2019 , the Company granted time-based awards under the 2019 LTI Plan that represent 112,910 LTIP units with a grant date fair value of $2.0 million . Units Granted to Trustees On May 9, 2019, certain trustees elected to receive a portion of their compensation in deferred share units and an aggregate of 5,608 shares were granted to those trustees based on the weighted average grant date fair value of $15.60 . In addition, certain trustees elected to receive a portion of their compensation in LTIP units and an aggregate of 28,040 LTIP units, were granted to those trustees based on the weighted average grant date fair value of $14.98 .

EARNINGS PER SHARE AND UNIT

EARNINGS PER SHARE AND UNIT	6 Months Ended
	Jun. 30, 2019
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 following table sets forth the computation of our basic and diluted earnings per share: Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands, except per share amounts) 2019 2018 2019 2018 Numerator: Net income attributable to common shareholders $ 26,571 $ 53,737 $ 52,108 $ 74,437 Less: Earnings allocated to unvested participating securities (22 ) (97 ) (45 ) (135 ) Net income available for common shareholders - basic $ 26,549 $ 53,640 $ 52,063 $ 74,302 Impact of assumed conversions: OP and LTIP units — — — 153 Net income available for common shareholders - dilutive $ 26,549 $ 53,640 $ 52,063 $ 74,455 Denominator: Weighted average common shares outstanding - basic 120,364 113,739 118,330 113,708 Effect of dilutive securities (1) : Stock options using the treasury stock method — — — 2 Restricted share awards 97 203 106 195 Assumed conversion of OP and LTIP units — — — 246 Weighted average common shares outstanding - diluted 120,461 113,942 118,436 114,151 Earnings per share available to common shareholders: Earnings per common share - Basic $ 0.22 $ 0.47 $ 0.44 $ 0.65 Earnings per common share - Diluted $ 0.22 $ 0.47 $ 0.44 $ 0.65 ( 1) For the three and six months ended June 30, 2019 and the three months ended June 30, 2018 , the effect of the redemption of OP and LTIP units for Urban Edge common shares would have an anti-dilutive effect on the calculation of diluted EPS. Accordingly, the impact of such redemption has not been included in the determination of diluted EPS for this period. Operating Partnership Earnings per Unit The following table sets forth the computation of basic and diluted earnings per unit: Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands, except per unit amounts) 2019 2018 2019 2018 Numerator: Net income attributable to unitholders $ 28,089 $ 59,762 $ 55,981 $ 82,790 Less: net income attributable to participating securities (23 ) (102 ) (47 ) (144 ) Net income available for unitholders $ 28,066 $ 59,660 $ 55,934 $ 82,646 Denominator: Weighted average units outstanding - basic 126,478 126,178 126,442 126,178 Effect of dilutive securities issued by Urban Edge 97 203 106 197 Unvested LTIP units 5 221 6 246 Weighted average units outstanding - diluted 126,580 126,602 126,554 126,621 Earnings per unit available to unitholders: Earnings per unit - Basic $ 0.22 $ 0.47 $ 0.44 $ 0.65 Earnings per unit - Diluted $ 0.22 $ 0.47 $ 0.44 $ 0.65

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2019
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 interim financial information and with the instructions of Form 10-Q. Certain information and footnote disclosures included in our annual financial statements have been condensed or omitted. In the opinion of management, the consolidated financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position of the Company and the Operating Partnership and the results of operations and cash flows for the interim periods presented. Operating results for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2019 . Accordingly, these consolidated financial statements should be read in conjunction with our consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2018 , as filed with the Securities Exchange Commission (“SEC”).
Consolidation and Noncontrolling Interests	The consolidated balance sheets as of June 30, 2019 and December 31, 2018 reflect the consolidation of wholly-owned subsidiaries and those entities in which we have a controlling financial interest. The consolidated statements of income for the three and six months ended June 30, 2019 and 2018 include the consolidated accounts of the Company and the Operating Partnership. All intercompany transactions have been eliminated in consolidation. In accordance with ASC 205 Presentation of Financial Statements, the Company reclassified Property rentals and Tenant reimbursement income to Rental revenue on its consolidated statements of income for the three and six months ended June 30, 2019 and 2018, respectively, as reflected beginning on Form 10-K for the year ended December 31, 2018 . Additionally, the Company includes credit losses related to operating lease receivables as a reduction to rental revenue in "Rental revenue" in the consolidated statements of income for the three and six months ended June 30, 2019 due to the adoption of (“ASU 2016-02”) ASC 842 Leases. Provision for doubtful accounts are included in "Property operating expenses" for the three and six months ended June 30, 2018 . The Company includes real estate impairment charges, and casualty losses (gains) resulting from natural disasters in Casualty and impairment loss (gain), net on its consolidated statements of income for the three and six months ended June 30, 2019 and 2018, respectively, as reflected in this Quarterly Report on Form 10-Q. Refer to Note 9 and Note 10 to the unaudited consolidated financial statements in Part I, Item I of this Quarterly Report on Form 10-Q for information regarding real estate impairment charges and casualty losses (gains), respectively.
Recently Issued Accounting Literature	Recently Issued Accounting Literature — Effective for the fiscal period beginning January 1, 2019, we adopted (“ASU 2016-02”) ASC 842 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). In connection with the adoption of ASU 2016-02, we also adopted (i) ASU 2019-01 Leases (ASC 842): Codification Improvements , (ii) ASU 2018-20 Leases (ASC 842): Narrow-Scope Improvements for Lessors , (iii) ASU 2018-11 Leases (ASC 842): Targeted Improvements , (iv) ASU 2018-10 Codification Improvements to ASC 842, Leases and (v) ASU 2018-01 Leases (ASC 842): Land Easement Practical Expedient for Transition to Topic 842. We initially applied the standard at the beginning of the period of adoption through the transition method issued by ASU 2018-11 and have presented comparative periods under ASC 840 Leases . Due to the effects of applying ASC 842, the Company recognized a $2.9 million cumulative-effect adjustment to its accumulated deficit to adjust r eserves on receivables from straight-line rents . 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 determines 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 ("ROU") asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. The Company has elected the short-term lease recognition exemption, and therefore, leases with a term of 12 months or less are not recognized on the balance sheet. The new standard requires lessors to account for leases using an approach that is substantially equivalent to guidance for sales-type leases, direct financing leases and operating leases under ASC 840. For purposes of transition, we did not elect the hindsight practical expedient but did elect the land easement practical expedient to not reassess whether existing land easements contain leases and the practical expedient package, which has been applied consistently to all of our leases. As a result of electing the practical expedient package, we did not (i) reassess whether any expired or existing contracts are or contain leases, (ii) reassess the lease classification for any expired or existing leases or (iii) reassess initial direct costs for any existing leases. From a lessee perspective, the initial adoption on January 1, 2019 resulted in the recognition of operating lease ROU assets and lease liabilities for 24 operating leases with an aggregate balance of $98.5 million and $93.6 million , respectively. On January 1, 2019, we also reclassified $11.9 million of acquired below-market lease intangibles and $7.1 million of accrued rent and adjusted the carrying values of our ROU assets by the corresponding amounts. If a finance lease is commenced in the future, a finance lease ROU asset and finance lease liability will be recognized on the balance sheet. The Company will recognize amortization of the finance lease ROU asset and interest expense on the lease liability. As of June 30, 2019 , our operating lease ROU assets and lease liabilities were $85.4 million and $83.1 million , respectively, as presented on our consolidated balance sheet. The standard's adoption has also impacted the presentation of our consolidated income statement due to accounting for the lease and non-lease components as a single lease component for all classes of underlying assets, presented as lease expense on the consolidated statement of income. Prior to the adoption of ASC 842, related lease and non-lease expense amounts were recognized within lease expense, real estate taxes, property operating expenses and general administrative expenses on the consolidated statement of income. From a lessor perspective, the adoption resulted 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 $0.3 million for the six months ended June 30, 2018 . The standard's adoption has also impacted the presentation of our consolidated income statement due to accounting for lease and non-lease components as a single lease component, presented as rental revenue on the consolidated statement of income, however there has been no change in the timing of revenue recognition since adoption. Additionally, under the amendments issued in ASU 2018-20, the Company has accounted for common area maintenance expenses paid directly by tenants to third-parties as variable rental revenue and has reported the corresponding expense within property operating expenses, however real estate taxes and insurance expenses paid directly by tenants have not been accounted for by the Company. The adoption of this standard has also resulted in additional quantitative and qualitative footnote disclosures (refer to Note 8 Leases). ASU 2016-13, Financial Instruments - Credit Losses (ASC 326): Measurement of Credit Losses will become effective for the fiscal period beginning January 1, 2020. ASU 2016-13 introduces a new model for estimating credit losses for certain types of financial instruments and also modifies the impairment model with new methodology for estimating credits losses. In November 2018, the FASB issued ASU 2018-19 Codification Improvements to Topic 326, Financial Instruments—Credit Losses , which included amendments to clarify receivables arising from operating leases are within the scope ASC 842. Due to the adoption of ASC 842, the Company includes credit losses related to operating lease receivables as a reduction to rental revenue in "Rental revenue" in the consolidated statements of income . The Company does not expect the adoption of ASU 2016-13 to have a material impact on our consolidated financial statements. In August 2018, the FASB issued ASU 2018-13 Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement to ASC 820, Fair Value Measurement . ASU 2018-13 modifies the disclosure requirements for fair value measurements by removing, modifying, and/or adding certain disclosures. ASU 2018-13 is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2019. We elected to early adopt ASU 2018-13 effective January 1, 2019. The adoption of this update did not have a material impact on our consolidated financial statements and disclosures. 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.

IDENTIFIED INTANGIBLE ASSETS _2

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Estimated Annual Amortization Expense	The following table sets forth the estimated annual amortization income and expense related to intangible assets and liabilities for the remainder of 2019 and the five succeeding years: (Amounts in thousands) Below-Market Above-Market Year Operating Lease Amortization Operating Lease Amortization In-Place Leases 2019 (1) $ 4,827 $ (567 ) $ (3,506 ) 2020 9,570 (996 ) (6,124 ) 2021 9,432 (797 ) (4,934 ) 2022 9,355 (433 ) (4,032 ) 2023 9,308 (327 ) (3,702 ) 2024 9,061 (266 ) (3,264 ) (1) Remainder of 2019.

MORTGAGES PAYABLE (Tables)

MORTGAGES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of Mortgages Payable	The following is a summary of mortgages payable as of June 30, 2019 and December 31, 2018 . Interest Rate at June 30, December 31, (Amounts in thousands) Maturity June 30, 2019 2019 2018 First mortgages secured by: Variable rate Cherry Hill (Plaza at Cherry Hill) (1) 5/24/2022 4.04% $ 28,930 $ 28,930 Westfield (One Lincoln Plaza) (1) 5/24/2022 4.04% 4,730 4,730 Woodbridge (Plaza at Woodbridge) (1) 5/25/2022 4.04% 55,340 55,340 Jersey City (Hudson Commons) (2) 11/15/2024 4.34% 29,000 29,000 Watchung (2) 11/15/2024 4.34% 27,000 27,000 Bronx (1750-1780 Gun Hill Road) (2) 12/1/2024 4.34% 24,500 24,500 Total variable rate debt 169,500 169,500 Fixed rate Montehiedra (senior loan) 7/6/2021 5.33% 84,314 84,860 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% 11,283 11,582 Jersey City (Hudson Mall) (4) 12/1/2023 5.07% 23,977 24,326 Yonkers Gateway Center (5) 4/6/2024 4.16% 30,919 31,704 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) 4/1/2027 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% 13,741 13,987 Total fixed rate debt 1,390,434 1,392,659 Total mortgages payable 1,559,934 1,562,159 Unamortized debt issuance costs (10,990 ) (11,917 ) Total mortgages payable, net of unamortized debt issuance costs $ 1,548,944 $ 1,550,242 (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 Mt Kisco includes $0.9 million and $1.0 million of unamortized debt discount as of June 30, 2019 and December 31, 2018 , respectively. The effective interest rate including amortization of the debt discount is 7.29% as of June 30, 2019 . (4) The mortgage payable balance on the loan secured by Hudson Mall includes $1.1 million and $1.2 million of unamortized debt premium as of June 30, 2019 and December 31, 2018 , respectively. The effective interest rate including amortization of the debt premium is 3.82% as of June 30, 2019 . (5) The mortgage payable balance on the loan secured by Yonkers Gateway Center includes $0.6 million and $0.7 million of unamortized debt premium as of June 30, 2019 and December 31, 2018 , respectively. The effective interest rate including amortization of the debt premium is 3.73% as of June 30, 2019 .
Schedule of Principal Repayments	As of June 30, 2019 , the principal repayments for the next five years and thereafter are as follows: (Amounts in thousands) Year Ending December 31, 2019 (1) $ 2,573 2020 7,515 2021 123,475 2022 99,976 2023 344,368 2024 274,316 Thereafter 707,711 (1) Remainder of 2019.

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Components of Rental Revenue	The components of rental revenue for the three and six months ended June 30, 2019 were as follows: (Amounts in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Rental Revenue Fixed lease revenue $ 74,896 $ 143,380 Variable lease revenue 26,592 55,416 Total rental revenue $ 101,488 $ 198,796
Schedule of Maturity Analysis of Operating Lease Payments to be Received as Lessor	The Company’s operating leases are disclosed in the aggregate due to their consistent nature as real estate leases. As of June 30, 2019 , the undiscounted cash flows to be received from lease payments of our operating leases on an annual basis for the next five years and thereafter are as follows: (Amounts in thousands) Year Ending December 31, 2019 (1) $ 132,367 2020 253,816 2021 234,377 2022 215,545 2023 192,209 2024 158,997 Thereafter 872,575 Total undiscounted cash flows $ 2,059,886 (1) Remainder of 2019.
Schedule of Future Minimum Rental Receivable for Operating Leases Under ASC 840 as Lessor	As of December 31, 2018, future base rental revenue under non-cancelable operating leases, under ASC 840 as lessor, was 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 Components of Lease Expense	The components of lease expense for the three and six months ended June 30, 2019 were as follows: (Amounts in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease expense Operating lease cost (1) $ 3,127 $ 6,108 Variable lease cost 769 1,443 Total lease expense $ 3,896 $ 7,551 (1) During the three and six months ended June 30, 2019 , the Company recognized sublease income of $5.2 million and $10.2 million , respectively, included in rental revenue on the consolidated statement of income in relation to certain ground and building lease arrangements. Operating lease cost includes amortization of below-market ground lease intangibles and straight-line lease expense.
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: June 30, 2019 Supplemental noncash information Weighted-average remaining lease term - operating leases 16.2 years Weighted-average discount rates - operating leases 3.97 %
Schedule of Maturity Analysis of Operating Lease Payments as Lessee	The undiscounted cash flows to be paid on an annual basis for the next five years and thereafter are presented in the table below. The total amount of lease payments, on an undiscounted basis, are reconciled to the lease liability on the consolidated balance sheet by considering the present value discount. (Amounts in thousands) Year Ending December 31, 2019 (1) $ 4,887 2020 9,228 2021 8,639 2022 8,658 2023 8,456 2024 8,463 Thereafter 68,956 Total undiscounted cash flows 117,287 Present value discount (34,237 ) Discounted cash flows $ 83,050 (1) Remainder of 2019.
Schedule of Future Minimum Operating Lease Payments Under ASC 840 as Lessee	As of December 31, 2018, future lease payments under operating lease agreements, including extension options if reasonably assured of being exercised, under ASC 840 as lessee, were 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

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2019
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 June 30, 2019 and December 31, 2018 . As of June 30, 2019 As of December 31, 2018 (Amounts in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents $ 412,126 $ 412,126 $ 440,430 $ 440,430 Liabilities: Mortgages payable (1) $ 1,559,934 $ 1,592,828 $ 1,562,159 $ 1,543,963 (1) Carrying amounts exclude unamortized debt issuance costs of $11.0 million and $11.9 million as of June 30, 2019 and December 31, 2018 , respectively.

PREPAID EXPENSES AND OTHER AS_2

PREPAID EXPENSES AND OTHER ASSETS (Tables)	6 Months Ended
	Jun. 30, 2019
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) June 30, 2019 December 31, 2018 Assets held for sale $ 22,289 $ — Other assets 3,231 2,765 Prepaid expenses: Real estate taxes 1,772 6,911 Insurance 1,913 2,509 Licenses/fees 1,681 783 Total Prepaid expenses and other assets $ 30,886 $ 12,968

ACCOUNTS PAYABLE, ACCRUED EXP_2

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2019
Other Liabilities Disclosure [Abstract]
Schedule of Composition of Accounts Payable, Accrued Expenses and Other Liabilites	The following is a summary of the composition of accounts payable, accrued expenses other liabilities in the consolidated balance sheets: Balance at (Amounts in thousands) June 30, 2019 December 31, 2018 Accrued capital expenditures and leasing costs $ 21,201 $ 29,754 Deferred tenant revenue 19,152 28,697 Liabilities held for sale 12,081 — Accrued interest payable 9,196 8,950 Deferred tax liability, net 5,363 5,532 Security deposits 5,671 5,396 Accrued payroll expenses 3,326 5,747 Other liabilities and accrued expenses 9,044 7,371 Accrued rent (1) — 7,070 Total accounts payable, accrued expenses and other liabilities $ 85,034 $ 98,517 (1) In connection with the adoption of ASC 842 on January 1, 2019, we reclassified $7.1 million

INTEREST AND DEBT EXPENSE (Tabl

INTEREST AND DEBT EXPENSE (Tables)	6 Months Ended
	Jun. 30, 2019
Other Income and Expenses [Abstract]
Schedule of Interest and Debt Expense	The following table sets forth the details of interest and debt expense in the consolidated statements of income: Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands) 2019 2018 2019 2018 Interest expense $ 15,752 $ 14,942 $ 31,568 $ 29,864 Amortization of deferred financing costs 720 717 1,440 1,439 Total Interest and debt expense $ 16,472 $ 15,659 $ 33,008 $ 31,303

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
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: Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands) 2019 2018 2019 2018 Share-based compensation expense components: Restricted share expense $ 336 $ 614 $ 1,087 $ 1,201 Stock option expense 999 519 2,070 1,104 LTIP expense 995 208 2,203 374 Outperformance Plan (“OPP”) expense 923 858 1,487 1,540 Deferred share unit (“DSU”) expense 42 23 112 23 Total Share-based compensation expense $ 3,295 $ 2,222 $ 6,959 $ 4,242

EARNINGS PER SHARE AND UNIT (Ta

EARNINGS PER SHARE AND UNIT (Tables)	6 Months Ended
	Jun. 30, 2019
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: Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands, except per share amounts) 2019 2018 2019 2018 Numerator: Net income attributable to common shareholders $ 26,571 $ 53,737 $ 52,108 $ 74,437 Less: Earnings allocated to unvested participating securities (22 ) (97 ) (45 ) (135 ) Net income available for common shareholders - basic $ 26,549 $ 53,640 $ 52,063 $ 74,302 Impact of assumed conversions: OP and LTIP units — — — 153 Net income available for common shareholders - dilutive $ 26,549 $ 53,640 $ 52,063 $ 74,455 Denominator: Weighted average common shares outstanding - basic 120,364 113,739 118,330 113,708 Effect of dilutive securities (1) : Stock options using the treasury stock method — — — 2 Restricted share awards 97 203 106 195 Assumed conversion of OP and LTIP units — — — 246 Weighted average common shares outstanding - diluted 120,461 113,942 118,436 114,151 Earnings per share available to common shareholders: Earnings per common share - Basic $ 0.22 $ 0.47 $ 0.44 $ 0.65 Earnings per common share - Diluted $ 0.22 $ 0.47 $ 0.44 $ 0.65 ( 1) For the three and six months ended June 30, 2019 and the three months ended June 30, 2018 , the effect of the redemption of OP and LTIP units for Urban Edge common shares would have an anti-dilutive effect on the calculation of diluted EPS. Accordingly, the impact of such redemption has not been included in the determination of diluted EPS for this period. Operating Partnership Earnings per Unit The following table sets forth the computation of basic and diluted earnings per unit: Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands, except per unit amounts) 2019 2018 2019 2018 Numerator: Net income attributable to unitholders $ 28,089 $ 59,762 $ 55,981 $ 82,790 Less: net income attributable to participating securities (23 ) (102 ) (47 ) (144 ) Net income available for unitholders $ 28,066 $ 59,660 $ 55,934 $ 82,646 Denominator: Weighted average units outstanding - basic 126,478 126,178 126,442 126,178 Effect of dilutive securities issued by Urban Edge 97 203 106 197 Unvested LTIP units 5 221 6 246 Weighted average units outstanding - diluted 126,580 126,602 126,554 126,621 Earnings per unit available to unitholders: Earnings per unit - Basic $ 0.22 $ 0.47 $ 0.44 $ 0.65 Earnings per unit - Diluted $ 0.22 $ 0.47 $ 0.44 $ 0.65

ORGANIZATION (Details)

ORGANIZATION (Details) ft² in Millions	Jan. 15, 2015	Jun. 30, 2019ft²property	Jun. 30, 2019ft²property
Real Estate Properties [Line Items]
Noncontrolling interest percentage		5.40%	6.90%
Area of real estate property (in sq ft) | ft²		15.9	15.9
Warehouses
Real Estate Properties [Line Items]
Number of real estate properties		1	1
Wholly owned properties | Shopping Center
Real Estate Properties [Line Items]
Number of real estate properties		81	81
Wholly owned properties | Mall
Real Estate Properties [Line Items]
Number of real estate properties		4	4
Parent | Vornado Realty L.P.
Real Estate Properties [Line Items]
Noncontrolling interest percentage	5.40%		95.10%

BASIS OF PRESENTATION AND PRI_2

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION AND COMBINATION (Details)	6 Months Ended
	Jun. 30, 2019segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	1

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)	Jan. 01, 2019USD ($)property	Dec. 31, 2018USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting pronouncement in period of adoption		$ (2,918)
Number of properties in operating lease portfolio | property		24
ROU assets	$ 85,404		$ 0
Lease liabilities	83,050		0
Below-market lease intangible derecognized	(131,705)		(144,258)
Deferred lease expense derecognized	0		$ (7,070)
Capitalized internal leasing overhead	$ 300
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ROU assets		$ 98,500
Lease liabilities		93,600
Below-market lease intangible derecognized		11,900
Deferred lease expense derecognized		7,100
Retained Earnings | ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting pronouncement in period of adoption		$ 2,900

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS (Details) $ in Thousands	Jul. 09, 2019USD ($)	May 14, 2019USD ($)	Mar. 15, 2019USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Business Acquisition [Line Items]
Number of acquisitions completed by the Company						0
Gain on sale of real estate				$ 11,550	$ 50,440	$ 28,503	$ 50,440
Assets held for sale				22,289		22,289			$ 0
Lease liabilities of properties held for sale				(83,050)		(83,050)			$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Chicopee, MA
Business Acquisition [Line Items]
Consideration received on sale of real estate property			$ 18,200
Gain on sale of real estate			$ 17,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Glen Burnie, MD
Business Acquisition [Line Items]
Consideration received on sale of real estate property		$ 15,600
Gain on sale of real estate		$ 11,600
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations | Tysons Corner, VA and Springfield, MA
Business Acquisition [Line Items]
Assets held for sale				22,300		22,300
Lease liabilities of properties held for sale				$ (12,100)		$ (12,100)
Subsequent Event | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Tysons Corner, VA
Business Acquisition [Line Items]
Gain on sale of real estate	$ 9,700
Building in Maywood, NJ | Scenario, Forecast
Business Acquisition [Line Items]
Purchase price of real estate property acquired								$ 7,100
Retail Outparcel in Paramus, NJ | Scenario, Forecast
Business Acquisition [Line Items]
Purchase price of real estate property acquired								$ 6,600

IDENTIFIED INTANGIBLE ASSETS _3

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Identified intangible assets, net of accumulated amortization	$ 51,618		$ 51,618		$ 68,422
Identified intangible liabilities, net of accumulated amortization	131,705		131,705		$ 144,258
Amortization of acquired below-market leases, net of above-market leases	9,400	$ 7,800	11,800	$ 10,500
Amortization expense of intangible assets	$ 1,900	$ 5,800	$ 4,000	$ 8,600

IDENTIFIED INTANGIBLE ASSETS _4

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES - Schedule of Estimated Annual Amortization Expense (Details) $ in Thousands	Jun. 30, 2019USD ($)
Below-Market Operating Lease Amortization
Reminder of 2019	$ 4,827
2019	9,570
2020	9,432
2021	9,355
2022	9,308
2024	9,061
Above-Market
Above-Market Operating Lease Amortization
Remainder of 2019	(567)
2020	(996)
2021	(797)
2022	(433)
2023	(327)
2024	(266)
In-Place Leases
Remainder of 2019	(567)
2020	(996)
2021	(797)
2022	(433)
2023	(327)
2024	(266)
In-Place Leases
Above-Market Operating Lease Amortization
Remainder of 2019	(3,506)
2020	(6,124)
2021	(4,934)
2022	(4,032)
2023	(3,702)
2024	(3,264)
In-Place Leases
Remainder of 2019	(3,506)
2020	(6,124)
2021	(4,934)
2022	(4,032)
2023	(3,702)
2024	$ (3,264)

MORTGAGES PAYABLE - Summary of

MORTGAGES PAYABLE - Summary of Mortgages Payable (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Feb. 23, 2018
Debt Instrument [Line Items]
Total mortgages payable, net of unamortized debt issuance costs	$ 1,548,944		$ 1,548,944		$ 1,550,242
Gain on extinguishment of debt	0	$ 0	0	$ 2,524
Mortgages | First Mortgage
Debt Instrument [Line Items]
Total mortgages payable	1,559,934		1,559,934		1,562,159
Unamortized debt issuance costs	(10,990)		(10,990)		(11,917)
Total mortgages payable, net of unamortized debt issuance costs	1,548,944		1,548,944		1,550,242
Mortgages | First Mortgage | Variable rate
Debt Instrument [Line Items]
Total mortgages payable	$ 169,500		$ 169,500		169,500
Mortgages | First Mortgage | Variable rate | The Plaza at Cherry Hill
Debt Instrument [Line Items]
Interest rate	4.04%		4.04%
Total mortgages payable	$ 28,930		$ 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	4.04%		4.04%
Total mortgages payable	$ 4,730		$ 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	4.04%		4.04%
Total mortgages payable	$ 55,340		$ 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	4.34%		4.34%
Total mortgages payable	$ 29,000		$ 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	4.34%		4.34%
Total mortgages payable	$ 27,000		$ 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	4.34%		4.34%
Total mortgages payable	$ 24,500		$ 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	$ 1,390,434		$ 1,390,434		1,392,659
Mortgages | First Mortgage | Fixed rate | Montehiedra Town Center | Senior Loan
Debt Instrument [Line Items]
Interest rate	5.33%		5.33%
Total mortgages payable	$ 84,314		$ 84,314		84,860
Mortgages | First Mortgage | Fixed rate | Montehiedra Town Center | Junior Loan
Debt Instrument [Line Items]
Interest rate	3.00%		3.00%
Total mortgages payable	$ 30,000		$ 30,000		30,000
Mortgages | First Mortgage | Fixed rate | Bergen Town Center
Debt Instrument [Line Items]
Interest rate	3.56%		3.56%
Total mortgages payable	$ 300,000		$ 300,000		300,000
Mortgages | First Mortgage | Fixed rate | Shops at Bruckner
Debt Instrument [Line Items]
Interest rate	3.90%		3.90%
Total mortgages payable	$ 11,283		$ 11,283		11,582
Mortgages | First Mortgage | Fixed rate | Hudson Mall
Debt Instrument [Line Items]
Interest rate	5.07%		5.07%
Total mortgages payable	$ 23,977		$ 23,977		24,326
Effective interest rate	3.82%		3.82%
Unamortized debt premium	$ 1,100		$ 1,100		1,200
Mortgages | First Mortgage | Fixed rate | Yonkers Gateway Center
Debt Instrument [Line Items]
Interest rate	4.16%		4.16%
Total mortgages payable	$ 30,919		$ 30,919		31,704
Effective interest rate	3.73%		3.73%
Unamortized debt premium	$ 600		$ 600		700
Mortgages | First Mortgage | Fixed rate | Las Catalinas
Debt Instrument [Line Items]
Interest rate	4.43%		4.43%
Total mortgages payable	$ 130,000		$ 130,000		130,000
Mortgages | First Mortgage | Fixed rate | Brick, NJ
Debt Instrument [Line Items]
Interest rate	3.87%		3.87%
Total mortgages payable	$ 50,000		$ 50,000		50,000
Mortgages | First Mortgage | Fixed rate | North Plainfield
Debt Instrument [Line Items]
Interest rate	3.99%		3.99%
Total mortgages payable	$ 25,100		$ 25,100		25,100
Mortgages | First Mortgage | Fixed rate | Middletown, NJ
Debt Instrument [Line Items]
Interest rate	3.78%		3.78%
Total mortgages payable	$ 31,400		$ 31,400		31,400
Mortgages | First Mortgage | Fixed rate | Rockaway
Debt Instrument [Line Items]
Interest rate	3.78%		3.78%
Total mortgages payable	$ 27,800		$ 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%		4.03%
Total mortgages payable	$ 63,000		$ 63,000		63,000
Mortgages | First Mortgage | Fixed rate | North Bergen (Tonnelle Avenue), NJ
Debt Instrument [Line Items]
Interest rate	4.18%		4.18%
Total mortgages payable	$ 100,000		$ 100,000		100,000
Mortgages | First Mortgage | Fixed rate | Manchester Plaza
Debt Instrument [Line Items]
Interest rate	4.32%		4.32%
Total mortgages payable	$ 12,500		$ 12,500		12,500
Mortgages | First Mortgage | Fixed rate | Millburn
Debt Instrument [Line Items]
Interest rate	3.97%		3.97%
Total mortgages payable	$ 24,000		$ 24,000		24,000
Mortgages | First Mortgage | Fixed rate | Totowa, NJ
Debt Instrument [Line Items]
Interest rate	4.33%		4.33%
Total mortgages payable	$ 50,800		$ 50,800		50,800
Mortgages | First Mortgage | Fixed rate | Woodbridge Commons
Debt Instrument [Line Items]
Interest rate	4.36%		4.36%
Total mortgages payable	$ 22,100		$ 22,100		22,100
Mortgages | First Mortgage | Fixed rate | East Brunswick, NJ
Debt Instrument [Line Items]
Interest rate	4.38%		4.38%
Total mortgages payable	$ 63,000		$ 63,000		63,000
Mortgages | First Mortgage | Fixed rate | East Rutherford, NJ
Debt Instrument [Line Items]
Interest rate	4.49%		4.49%
Total mortgages payable	$ 23,000		$ 23,000		23,000
Mortgages | First Mortgage | Fixed rate | Hackensack, NJ
Debt Instrument [Line Items]
Interest rate	4.36%		4.36%
Total mortgages payable	$ 66,400		$ 66,400		66,400
Mortgages | First Mortgage | Fixed rate | Marlton, NJ
Debt Instrument [Line Items]
Interest rate	3.86%		3.86%
Total mortgages payable	$ 37,400		$ 37,400		37,400
Mortgages | First Mortgage | Fixed rate | East Hanover Warehouses
Debt Instrument [Line Items]
Interest rate	4.09%		4.09%
Total mortgages payable	$ 40,700		$ 40,700		40,700
Mortgages | First Mortgage | Fixed rate | Union (2445 Springfield Avenue), NJ
Debt Instrument [Line Items]
Interest rate	4.01%		4.01%
Total mortgages payable	$ 45,600		$ 45,600		45,600
Mortgages | First Mortgage | Fixed rate | Freeport (437 East Sunrise Highway), NY
Debt Instrument [Line Items]
Interest rate	4.07%		4.07%
Total mortgages payable	$ 43,100		$ 43,100		43,100
Mortgages | First Mortgage | Fixed rate | Garfield, NJ
Debt Instrument [Line Items]
Interest rate	4.14%		4.14%
Total mortgages payable	$ 40,300		$ 40,300		40,300
Mortgages | First Mortgage | Fixed rate | Mount Kisco (Target)
Debt Instrument [Line Items]
Interest rate	6.40%		6.40%
Total mortgages payable	$ 13,741		$ 13,741		13,987
Unamortized debt discount	$ (900)		$ (900)		$ (1,000)
Effective interest rate	7.29%		7.29%
Mortgages | First Mortgage | Fixed rate | Englewood
Debt Instrument [Line Items]
Total mortgages payable						$ 11,500
Gain on extinguishment of debt	$ 2,500

MORTGAGES PAYABLE - Additional

MORTGAGES PAYABLE - Additional Information (Details)	Mar. 07, 2017USD ($)extension_option	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)	Feb. 23, 2018USD ($)	Jan. 15, 2015USD ($)
Debt Instrument [Line Items]
Net carrying amount of real estate collateralizing indebtedness		$ 1,300,000,000		$ 1,300,000,000
Gain on extinguishment of debt		0	$ 0	0	$ 2,524,000
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 the credit agreement		0		0
Gross debt issuance costs		1,700,000		1,700,000		$ 2,200,000
Additional deferred financing fees incurred				2,700,000
Revolving Credit Facility | Revolving Credit Agreement | Maximum
Debt Instrument [Line Items]
Financial covenants, maximum leverage ratio								0.60
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	1.50%
Revolving Credit Facility | Revolving Credit Agreement | LIBOR | Minimum
Debt Instrument [Line Items]
Interest rate spread on variable rate	1.05%
First Mortgage | Mortgages
Debt Instrument [Line Items]
Total mortgages payable		1,559,934,000		1,559,934,000		1,562,159,000
First Mortgage | Mortgages | Fixed rate
Debt Instrument [Line Items]
Total mortgages payable		1,390,434,000		$ 1,390,434,000		$ 1,392,659,000
First Mortgage | Mortgages | Englewood, NJ | Fixed rate
Debt Instrument [Line Items]
Gain on extinguishment of debt		$ 2,500,000
Total mortgages payable							$ 11,500,000

MORTGAGES PAYABLE - Schedule of

MORTGAGES PAYABLE - Schedule of Maturities (Details) $ in Thousands	Jun. 30, 2019USD ($)
Debt Disclosure [Abstract]
Remainder of 2018	$ 2,573
2019	7,515
2020	123,475
2021	99,976
2022	344,368
2023	274,316
Thereafter	$ 707,711

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019USD ($)mall	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)mall	Jun. 30, 2018USD ($)	Dec. 31, 2018mall
Income Tax Contingency [Line Items]
Income tax expense	$ 994	$ 192	$ 1,196	$ 626
Puerto Rico
Income Tax Contingency [Line Items]
Number of malls | mall	2		2		2
Commonwealth of Puerto Rico
Income Tax Contingency [Line Items]
Income tax expense	$ 900	$ 1,100	$ 200	$ 400
Non-resident withholding tax percentage			29.00%		29.00%
Allentown, PA
Income Tax Contingency [Line Items]
Income tax expense	$ 200
Vornado
Income Tax Contingency [Line Items]
Percentage of taxable income distributed as dividends to stockholders			100.00%

LEASES - Additional Information

LEASES - Additional Information (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)ft²leaseproperty	Dec. 31, 2018USD ($)	Jan. 01, 2019property
Operating Leased Assets [Line Items]
Variable lease payments dependent of CPI percentage	$ 700
Variable lease recoveries from tenant expense reimbursements	54,400
Number of properties in operating lease portfolio | property			24
ROU assets	85,404	$ 0
Lease liabilities	$ 83,050	0
Area of leased real estate property (in sq ft) | ft²	15,900,000
Value of real estate assets subject to operating lease	$ 2,094,690	2,123,120
Additional rent based on percentage of tenants' sales or reimbursements		2,000
Tenant expense reimbursements
Operating Leased Assets [Line Items]
Rental revenue from tenant expense reimbursements		$ 108,700
Ground and Building
Operating Leased Assets [Line Items]
Number of properties in operating lease portfolio | property	21
Ground and Building | Minimum
Operating Leased Assets [Line Items]
Lessee, operating lease term of contract	1 year
Ground and Building | Maximum
Operating Leased Assets [Line Items]
Lessee, operating lease term of contract	80 years
Corporate Offices
Operating Leased Assets [Line Items]
Number of properties in operating lease portfolio | property	3
Corporate Offices | Minimum
Operating Leased Assets [Line Items]
Lessee, operating lease term of contract	1 year
Corporate Offices | Maximum
Operating Leased Assets [Line Items]
Lessee, operating lease term of contract	2 years
Ground Lease Norfolk, VA
Operating Leased Assets [Line Items]
ROU assets	$ 5,000
Lease liabilities	$ 5,000
Retail Shopping Centers and Malls
Operating Leased Assets [Line Items]
Number of operating leases | lease	1,200
Under 10,000 sq ft
Operating Leased Assets [Line Items]
Area of leased real estate property (in sq ft) | ft²	10,000
Lessor, operating lease term of contract	5 years
10,000 sq ft or more
Operating Leased Assets [Line Items]
Area of leased real estate property (in sq ft) | ft²	10,000
10,000 sq ft or more | Minimum
Operating Leased Assets [Line Items]
Lessor, operating lease term of contract	10 years
10,000 sq ft or more | Maximum
Operating Leased Assets [Line Items]
Lessor, operating lease term of contract	25 years

LEASES - Components of Rental R

LEASES - Components of Rental Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Leases [Abstract]
Fixed lease revenue	$ 74,896		$ 143,380
Variable lease revenue	26,592		55,416
Total rental revenue	$ 101,488	$ 100,768	$ 198,796	$ 199,162

LEASES - Maturity Analysis of O

LEASES - Maturity Analysis of Operating Lease Payments to be Received as Lessor (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
Remainder of 2019	$ 132,367
2020	253,816
2021	234,377
2022	215,545
2023	192,209
2024	158,997
Thereafter	872,575
Total undiscounted cash flows	$ 2,059,886

LEASES - Future Base Rental Rev

LEASES - Future Base Rental Revenue Under ASC 840 as Lessor (Details) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 256,598
2020	235,652
2021	216,247
2022	198,449
2023	176,282
Thereafter	$ 986,865

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 3,127	$ 6,108
Variable lease cost	769	1,443
Total lease expense	3,896	7,551
Sublease income	$ 5,200	$ 10,200

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information Related to Leases (Details)	Jun. 30, 2019
Leases [Abstract]
Weighted-average remaining lease term - operating leases	16 years 2 months 12 days
Weighted-average discount rates - operating leases	3.97%

LEASES - Maturity Analysis of_2

LEASES - Maturity Analysis of Operating Lease Liability (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Year Ended December 31,
Remainder of 2019	$ 4,887
2020	9,228
2021	8,639
2022	8,658
2023	8,456
2024	8,463
Thereafter	68,956
Total	117,287
Present value discount	(34,237)
Discounted cash flows	$ 83,050	$ 0

LEASES - Future Operating Lease

LEASES - Future Operating Lease Payments Under Under ASC 840 as Lessee (Details) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 10,640
2020	9,614
2021	8,957
2022	8,982
2023	8,850
Thereafter	$ 85,535

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)property	Mar. 31, 2019USD ($)	Jun. 30, 2019USD ($)property	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges recognized			$ 22,653	$ 0
Loss of significant tenant
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges recognized		$ 4,000
Disposal Group, Held-for-sale, Not Discontinued Operations | Changes in expected future hold period to disposed of property
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges recognized	$ 18,700
Number of real estate properties | property	2		2
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		$ 0
Financial liabilities measured at fair value	0		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		0
Financial liabilities measured at fair value	0		0		$ 0
Real Estate | Fair Value, Measurements, Nonrecurring | Disposal Group, Held-for-sale, Not Discontinued Operations | Changes in expected future hold period to disposed of property
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	$ 28,500		$ 28,500

FAIR VALUE MEASUREMENTS - Balan

FAIR VALUE MEASUREMENTS - Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 412,126	$ 440,430	$ 500,930	$ 490,279
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	412,126	440,430
Carrying Amount | Mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgages payable	1,559,934	1,562,159
Unamortized debt issuance costs	(11,000)	(11,900)
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	412,126	440,430
Fair Value | Mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgages payable	$ 1,592,828	$ 1,543,963

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) ft² in Thousands	Oct. 15, 2018USD ($)ft²property	Jan. 31, 2019USD ($)property	Jun. 30, 2019USD ($)ft²mallproperty	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)ft²mallproperty	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)mallproperty	Jun. 13, 2018	Sep. 20, 2017mall
Loss Contingencies [Line Items]
Real estate redevelopment in process			$ 120,800,000		$ 120,800,000
Estimated cost to complete development and redevelopment projects			20,700,000		$ 20,700,000
Development in process, estimated duration to complete					2 years
Insurance coverage, general liability insurance, limit per occurrence			200,000,000		$ 200,000,000
Insurance coverage, rental value insurance, limit per occurrence			500,000,000		500,000,000
Insurance coverage, terrorism acts insurance, limit per occurrence			5,000,000		5,000,000
Reversal of provision for doubtful accounts					0	$ (2,509,000)
Deferred lease expense			$ 1,700,000		$ 1,700,000		$ 1,700,000
Area of real estate property (in sq ft) | ft²			15,900		15,900
Property Leased by Customer in Bankruptcy | Sears (Kmart)
Loss Contingencies [Line Items]
Number of properties subject to lease | property	4	4	2		2
Area of real estate property (in sq ft) | ft²	547
Annual rental revenue	$ 8,500,000
Consideration to be received from third party on sale of stores under bankruptcy proceedings		$ 5,200,000,000
Write off recognized on below-market intangible lease liability			$ (7,400,000)
Property Leased by Customer in Bankruptcy | Toys R Us
Loss Contingencies [Line Items]
Number of properties subject to lease | property							9
Annual rental revenue							$ 7,600,000
Bankruptcy settlement proceeds			1,100,000
Environmental Remediation
Loss Contingencies [Line Items]
Cost of services, environmental remediation				$ 300,000		600,000
Shopping Center Wilkes-Barre, PA | Hurricane Maria | Tornado
Loss Contingencies [Line Items]
Percentage of leaseble area damaged								13.00%
Proceeds from Insurance settlements			5,500,000
Net casualty gains			4,800,000
Business interruption proceeds within rental revenue			$ 200,000		$ 300,000
Puerto Rico
Loss Contingencies [Line Items]
Number of malls | mall			2		2		2
Puerto Rico | Hurricane
Loss Contingencies [Line Items]
Number of malls | mall									2
Puerto Rico | Hurricane Maria
Loss Contingencies [Line Items]
Insurance coverage, rental value insurance, limit per occurrence			$ 139,000,000		$ 139,000,000
Puerto Rico | Hurricane Maria | Hurricane
Loss Contingencies [Line Items]
Casualty insurance proceeds received						1,500,000
Rent abatements and tenant expense reimbursements						700,000
Reversal of provision for doubtful accounts						200,000
Puerto Rico | Hurricane Maria | Hurricane | Business Interruption
Loss Contingencies [Line Items]
Net casualty gains						1,300,000
Casualty insurance proceeds received					3,300,000
Hurricane-related costs						200,000
Gains (losses) on business interruption			8,700,000	$ 200,000		$ (500,000)
Insurance settlements receivable			$ 14,300,000		14,300,000
Insurance deductible					$ 2,300,000

PREPAID EXPENSES AND OTHER AS_3

PREPAID EXPENSES AND OTHER ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Assets held for sale	$ 22,289	$ 0
Other assets	3,231	2,765
Prepaid expenses:
Real estate taxes	1,772	6,911
Insurance	1,913	2,509
Licenses/fees	1,681	783
Total Prepaid expenses and other assets	$ 30,886	$ 12,968

ACCOUNTS PAYABLE, ACCRUED EXP_3

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Accrued capital expenditures and leasing costs	$ 21,201		$ 29,754
Deferred tenant revenue	19,152		28,697
Liabilities held for sale	12,081		0
Accrued interest payable	9,196		8,950
Deferred tax liability, net	5,363		5,532
Security deposits	5,671		5,396
Accrued payroll expenses	3,326		5,747
Other liabilities and accrued expenses	9,044		7,371
Deferred lease expense derecognized	0		(7,070)
Total accounts payable, accrued expenses and other liabilities	85,034		98,517
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ROU assets	$ (85,404)		$ 0
ASU 2016-02
Other Liabilities Disclosure [Abstract]
Deferred lease expense derecognized		$ 7,100
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ROU assets		$ (98,500)

INTEREST AND DEBT EXPENSE (Deta

INTEREST AND DEBT EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Other Income and Expenses [Abstract]
Interest expense	$ 15,752	$ 14,942	$ 31,568	$ 29,864
Amortization of deferred financing costs	720	717	1,440	1,439
Total Interest and debt expense	$ 16,472	$ 15,659	$ 33,008	$ 31,303

EQUITY AND NONCONTROLLING INT_2

EQUITY AND NONCONTROLLING INTEREST (Details) - USD ($)	Jan. 15, 2015	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Aug. 08, 2016
Noncontrolling Interest [Line Items]
Common stock, par value (in dollars per share)		$ 0.01		$ 0.01	$ 0.01
Distributions to redeemable NCI (in dollars per unit)		$ 0.22	$ 0.22
Common limited partnership units issued (in shares)		5,700,000		5,700,000
Noncontrolling interest percentage		5.40%		6.90%
Conversion rate to common shares				1
LTIP expense
Noncontrolling Interest [Line Items]
Award vesting period				2 years
Noncontrolling Interest
Noncontrolling Interest [Line Items]
Noncontrolling interest percentage				5.00%
ATM
Noncontrolling Interest [Line Items]
Common stock, par value (in dollars per share)						$ 0.01
Aggregate shares subscription price						$ 250,000,000
Common stock remaining amount available for issuance		$ 241,300,000		$ 241,300,000
Common shares issued during period (in shares)		0	0
Vornado Realty L.P. | Parent
Noncontrolling Interest [Line Items]
Noncontrolling interest percentage	5.40%			95.10%

SHARE-BASED COMPENSATION - Shar

SHARE-BASED COMPENSATION - Share-based Compensation Expense (Details) - General and Administrative Expense - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	$ 3,295	$ 2,222	$ 6,959	$ 4,242
Restricted share expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	336	614	1,087	1,201
Stock option expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	999	519	2,070	1,104
LTIP expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	995	208	2,203	374
Outperformance Plan (“OPP”) expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	923	858	1,487	1,540
Deferred share unit (“DSU”) expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	$ 42	$ 23	$ 112	$ 23

SHARE-BASED COMPENSATION - Addi

SHARE-BASED COMPENSATION - Additional Information (Details) - USD ($)	May 09, 2019	Apr. 04, 2019	Apr. 01, 2019	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options grated (in shares)				180,213
Number of options vested (in shares)				693,441
2019 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of REIT peer groups		14
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number or equity awards granted (in shares)				276,482
Number of awards vested (in shares)				80,681
LTIP Units | 2019 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance measurement period of equity awards		3 years
LTIP Units | 2019 LTIP | Trustees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number or equity awards granted (in shares)	28,040
Weighted average grant date fair value of awards granted during period (in dollars per share)	$ 14.98
Time-based LTIP Shares | 2019 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number or equity awards granted (in shares)		112,910
Weighted percentage of equity awards		$ 0.3333
Award vesting period		3 years
Grant date fair value of equity awards		$ 2,000,000
Time-based LTIP Shares | 2019 LTIP | CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		4 years
Performance-based LTIP Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards percentage of relative component of TSR equal to 35 percentile of peer group		3500.00%
Equity awards percentage of relative component of TSR equal to 55 percentile of peer group		5500.00%
Equity awards percentage of relative component of TSR equal to 75 percentile of peer group		7500.00%
Aggregate notional amount of grant			$ 4,300,000
Performance-based LTIP Shares | 2019 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance measurement period of equity awards		3 years
Weighted percentage of equity awards		$ 0.6666
Number of equity awards issued (in shares)		489,319
Equity awards earned percentage based on absolute TSR component of equal to 18%		40.00%
Equity awards percentage of absolute component of TSR equal to 18%		18.00%
Equity awards earned percentage based on absolute TSR component of equal to 27%		100.00%
Equity awards percentage of absolute component of TSR equal to 27%		27.00%
Equity awards earned percentage based on absolute TSR component of equal to 36%		165.00%
Equity awards percentage of absolute component of TSR equal to 36%		36.00%
Equity awards earned percentage based on relative TSR component of 35 percentile of peer group		40.00%
Equity awards earned percentage based on relative TSR component of 55 percentile of peer group		100.00%
Equity awards earned percentage based on relative TSR component of 75 percentile of peer group		165.00%
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number or equity awards granted (in shares)				31,578
Number of awards vested (in shares)				96,378
Deferred share units | 2019 LTIP | Trustees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number or equity awards granted (in shares)	5,608
Weighted average grant date fair value of awards granted during period (in dollars per share)	$ 15.60

EARNINGS PER SHARE AND UNIT (De

EARNINGS PER SHARE AND UNIT (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Numerator:
Net income attributable to common shareholders	$ 26,571	$ 53,737	$ 52,108	$ 74,437
Less: Earnings allocated to unvested participating securities	(22)	(97)	(45)	(135)
Net income available for common shareholders - basic	26,549	53,640	52,063	74,302
OP and LTIP units	0	0	0	153
Net income available for common shareholders - dilutive	$ 26,549	$ 53,640	$ 52,063	$ 74,455
Denominator:
Weighted average common shares outstanding - basic (in shares)	120,364	113,739	118,330	113,708
Effect of dilutive securities:
Assumed conversion of OP and LTIP units (in shares)	0	0	0	246
Weighted average common shares outstanding - diluted (in shares)	120,461	113,942	118,436	114,151
Earnings per share available to common shareholders:
Earnings per common share - Basic (in dollars per share)	$ 0.22	$ 0.47	$ 0.44	$ 0.65
Earnings per common share - Diluted (in dollars per share)	$ 0.22	$ 0.47	$ 0.44	$ 0.65
Urban Edge Properties LP
Numerator:
Net income attributable to common shareholders	$ 28,089	$ 59,762	$ 55,981	$ 82,790
Less: Earnings allocated to unvested participating securities	(23)	(102)	(47)	(144)
Net income available for common shareholders - basic	$ 28,066	$ 59,660	$ 55,934	$ 82,646
Denominator:
Weighted average common shares outstanding - basic (in shares)	126,478	126,178	126,442	126,178
Effect of dilutive securities:
Stock options using treasure stock method and restricted stock awards (in shares)	97	203	106	197
Assumed conversion of OP and LTIP units (in shares)	5	221	6	246
Weighted average common shares outstanding - diluted (in shares)	126,580	126,602	126,554	126,621
Earnings per share available to common shareholders:
Earnings per common share - Basic (in dollars per share)	$ 0.22	$ 0.47	$ 0.44	$ 0.65
Earnings per common share - Diluted (in dollars per share)	$ 0.22	$ 0.47	$ 0.44	$ 0.65
Stock option expense
Effect of dilutive securities:
Stock options using treasure stock method and restricted stock awards (in shares)	0	0	0	2
Restricted share expense
Effect of dilutive securities:
Stock options using treasure stock method and restricted stock awards (in shares)	97	203	106	195

Uncategorized Items - ue-630201

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (2,918,000)
Subsidiaries [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(2,918,000)
Subsidiaries [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (2,918,000)