Urban Edge Properties (UE) 10-Q 30 Oct 19 2019 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2019	Oct. 25, 2019
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		121,223,353
Entity Central Index Key	0001611547
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
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 BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Real estate, at cost:
Land	$ 500,411	$ 525,819
Buildings and improvements	2,169,835	2,156,113
Construction in progress	43,671	80,385
Furniture, fixtures and equipment	7,315	6,675
Total	2,721,232	2,768,992
Accumulated depreciation and amortization	(662,713)	(645,872)
Real estate, net	2,058,519	2,123,120
Right-of-use assets	83,523	0
Cash and cash equivalents	441,561	440,430
Restricted cash	94,785	17,092
Tenant and other receivables, net of allowance for doubtful accounts of $6,486 as of December 31, 2018	27,240	28,563
Receivable arising from the straight-lining of rents, net of allowance for doubtful accounts of $134 as of December 31, 2018	75,418	84,903
Identified intangible assets, net of accumulated amortization of $30,214 and $39,526, respectively	49,527	68,422
Deferred leasing costs, net of accumulated amortization of $16,326 and $16,826, respectively	20,263	21,277
Deferred financing costs, net of accumulated amortization of $3,543 and $2,764, respectively	4,093	2,219
Prepaid expenses and other assets	18,949	12,968
Total assets	2,873,878	2,798,994
Liabilities:
Mortgages payable, net	1,547,486	1,550,242
Lease liabilities	81,428	0
Accounts payable, accrued expenses and other liabilities	80,161	98,517
Identified intangible liabilities, net of accumulated amortization of $68,483 and $65,058, respectively	129,090	144,258
Total liabilities	1,838,165	1,793,017
Commitments and contingencies
Shareholders’ equity:
Common shares: $0.01 par value; 500,000,000 shares authorized and 121,223,353 and 114,345,565 shares issued and outstanding, respectively	1,212	1,143
Additional paid-in capital	1,016,054	956,420
Accumulated deficit	(29,217)	(52,857)
Noncontrolling interests:
Operating partnership	47,239	100,822
Partners’ capital:
Consolidated subsidiaries	425	449
Total equity	1,035,713	1,005,977
Total liabilities and equity	2,873,878	2,798,994
Urban Edge Properties LP
Real estate, at cost:
Land	500,411	525,819
Buildings and improvements	2,169,835	2,156,113
Construction in progress	43,671	80,385
Furniture, fixtures and equipment	7,315	6,675
Total	2,721,232	2,768,992
Accumulated depreciation and amortization	(662,713)	(645,872)
Real estate, net	2,058,519	2,123,120
Right-of-use assets	83,523	0
Cash and cash equivalents	441,561	440,430
Restricted cash	94,785	17,092
Tenant and other receivables, net of allowance for doubtful accounts of $6,486 as of December 31, 2018	27,240	28,563
Receivable arising from the straight-lining of rents, net of allowance for doubtful accounts of $134 as of December 31, 2018	75,418	84,903
Identified intangible assets, net of accumulated amortization of $30,214 and $39,526, respectively	49,527	68,422
Deferred leasing costs, net of accumulated amortization of $16,326 and $16,826, respectively	20,263	21,277
Deferred financing costs, net of accumulated amortization of $3,543 and $2,764, respectively	4,093	2,219
Prepaid expenses and other assets	18,949	12,968
Total assets	2,873,878	2,798,994
Liabilities:
Mortgages payable, net	1,547,486	1,550,242
Lease liabilities	81,428	0
Accounts payable, accrued expenses and other liabilities	80,161	98,517
Identified intangible liabilities, net of accumulated amortization of $68,483 and $65,058, respectively	129,090	144,258
Total liabilities	1,838,165	1,793,017
Commitments and contingencies
Shareholders’ equity:
Accumulated deficit	(31,734)	(57,482)
Partners’ capital:
General partner: 121,223,353 and 114,345,565 units outstanding, respectively	1,017,266	957,563
Limited partners: 5,793,230 and 12,736,633 units outstanding, respectively	49,756	105,447
Total partners’ capital	1,035,288	1,005,528
Consolidated subsidiaries	425	449
Total equity	1,035,713	1,005,977
Total liabilities and equity	$ 2,873,878	$ 2,798,994

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Allowance for doubtful accounts, tenant and other receivables	$ 0	$ 6,486
Allowance for doubtful accounts, receivables arising from the straight-lining of rents	0	134
Accumulated amortization, identified intangible assets	30,214	39,526
Accumulated amortization, deferred leasing costs	16,326	16,826
Accumulated amortization, deferred financing costs	3,543	2,764
Accumulated amortization, identified intangible liabilities	$ 68,483	$ 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)	121,223,353	114,345,565
Urban Edge Properties LP
Allowance for doubtful accounts, tenant and other receivables	$ 0	$ 6,486
Allowance for doubtful accounts, receivables arising from the straight-lining of rents	0	134
Accumulated amortization, identified intangible assets	30,214	39,526
Accumulated amortization, deferred leasing costs	16,326	16,826
Accumulated amortization, deferred financing costs	3,543	2,764
Accumulated amortization, identified intangible liabilities	$ 68,483	$ 65,058
Common stock, shares, outstanding (in shares)	121,223,353	114,345,565
Limited Partners, units outstanding (in units)	5,793,230	12,736,633

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
REVENUE
Rental revenue		$ 90,769	$ 111,733	$ 289,565	$ 310,895
Total revenue		91,243	112,214	291,722	313,237
EXPENSES
Depreciation and amortization		21,496	21,833	65,893	73,544
Real estate taxes		14,490	16,374	45,188	47,736
Property operating		14,075	22,328	45,552	61,996
General and administrative		8,353	9,702	28,943	25,579
Casualty and impairment loss (gain), net	[1]	0	58	9,070	(1,248)
Lease expense		3,486	2,722	11,037	8,210
Total expenses		61,900	73,017	205,683	215,817
Gain on sale of real estate		39,716	2,185	68,219	52,625
Gain on sale of lease		1,849	0	1,849	0
Interest income		2,706	2,388	7,670	5,943
Interest and debt expense		(16,861)	(16,756)	(49,869)	(48,059)
Gain on extinguishment of debt		0	0	0	2,524
Income before income taxes		56,753	27,014	113,908	110,453
Income tax expense		(53)	(115)	(1,249)	(741)
Net income		56,700	26,899	112,659	109,712
Less net (income) loss attributable to noncontrolling interests in:
Operating partnership		(2,662)	(2,688)	(6,535)	(11,041)
Consolidated subsidiaries		2	(11)	24	(34)
Net income (loss) attributable to common shareholders		$ 54,040	$ 24,200	$ 106,148	$ 98,637
Earnings per common share - Basic (in dollars per share)		$ 0.45	$ 0.21	$ 0.89	$ 0.87
Earnings per common share - Diluted (in dollars per share)		$ 0.45	$ 0.21	$ 0.89	$ 0.86
Weighted average shares outstanding - Basic (in shares)		121,087	113,890	119,259	113,769
Weighted average shares outstanding - Diluted (in shares)		121,183	114,156	126,489	114,236
Management and development fees
REVENUE
Revenues		$ 280	$ 375	$ 940	$ 1,064
Other income
REVENUE
Revenues		194	106	1,217	1,278
Urban Edge Properties LP
REVENUE
Rental revenue		90,769	111,733	289,565	310,895
Total revenue		91,243	112,214	291,722	313,237
EXPENSES
Depreciation and amortization		21,496	21,833	65,893	73,544
Real estate taxes		14,490	16,374	45,188	47,736
Property operating		14,075	22,328	45,552	61,996
General and administrative		8,353	9,702	28,943	25,579
Casualty and impairment loss (gain), net	[1]	0	58	9,070	(1,248)
Lease expense		3,486	2,722	11,037	8,210
Total expenses		61,900	73,017	205,683	215,817
Gain on sale of real estate		39,716	2,185	68,219	52,625
Gain on sale of lease		1,849	0	1,849	0
Interest income		2,706	2,388	7,670	5,943
Interest and debt expense		(16,861)	(16,756)	(49,869)	(48,059)
Gain on extinguishment of debt		0	0	0	2,524
Income before income taxes		56,753	27,014	113,908	110,453
Income tax expense		(53)	(115)	(1,249)	(741)
Net income		56,700	26,899	112,659	109,712
Less net (income) loss attributable to noncontrolling interests in:
Consolidated subsidiaries		2	(11)	24	(34)
Net income (loss) attributable to common shareholders		$ 56,702	$ 26,888	$ 112,683	$ 109,678
Earnings per common share - Basic (in dollars per share)		$ 0.45	$ 0.21	$ 0.89	$ 0.87
Earnings per common share - Diluted (in dollars per share)		$ 0.45	$ 0.21	$ 0.89	$ 0.86
Weighted average shares outstanding - Basic (in shares)		126,277	126,208	126,387	126,170
Weighted average shares outstanding - Diluted (in shares)		126,373	126,693	126,490	126,636
Urban Edge Properties LP | Management and development fees
REVENUE
Revenues		$ 280	$ 375	$ 940	$ 1,064
Urban Edge Properties LP | Other income
REVENUE
Revenues		$ 194	$ 106	$ 1,217	$ 1,278
[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 STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Urban Edge Properties LP	Urban Edge Properties LPAccumulated Earnings (Deficit)	Urban Edge Properties LPConsolidated Subsidiaries	Urban Edge Properties LPGeneral Partner	Urban Edge Properties LPLimited Partners		Common Shares	Additional Paid-In Capital	Accumulated Earnings (Deficit)	Operating Partnership	Consolidated Subsidiaries
Beginning balance (in shares) at Dec. 31, 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]	$ 1,138	$ 946,402	$ (57,621)	$ 100,218	$ 404
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders	98,637	109,678	109,678							98,637
Net income (loss) attributable to noncontrolling interests	11,075	34		34							11,041	34
Common units issued as a result of common shares issued by Urban Edge (in shares)					116,158
Common units issued as a result of common shares issued by Urban Edge		(315)	139		$ (454)
Units redeemed for common shares (in shares)					249,110	(249,110)		249,110
Units redeemed for common shares	2,043	2,043			$ 2,043	$ (2,726)	[2]	$ 2	2,041
Units redeemed for cash (in shares)						(357,998)
Units redeemed for cash		(5,978)			(3,422)	$ (2,556)	[2]
Limited partnership units issued, net (in shares)						344,682
Limited partnership units issued, net		0
Reallocation of noncontrolling interests	(2,043)	(2,043)			(21)	$ (2,022)	[1]		(21)		(2,022)
Common shares issued (in shares)								116,158
Common shares issued	315							$ 2	452	(139)
Dividends to common shareholders	(75,122)									(75,122)
Distributions to redeemable NCI	(8,301)										(8,301)
Distributions to Partners		(83,423)	(83,423)
Share-based compensation expense	6,494	6,494	24		$ 3,469	$ 3,001	[1]		3,469	24	3,001
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 Sep. 30, 2018					114,175,607	12,908,526		114,175,607
Ending balance at Sep. 30, 2018	1,023,254	1,023,254	(36,758)	438	$ 953,100	$ 106,474	[1]	$ 1,141	951,959	(34,221)	103,937	438
Beginning balance (in shares) at Jun. 30, 2018					114,004,276	12,738,907		114,004,276
Beginning balance at Jun. 30, 2018	1,021,932	1,021,932	(35,797)	427	$ 952,098	$ 105,204	[1]	$ 1,140	950,958	(33,307)	102,714	427
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders	24,200	26,888	26,888							24,200
Net income (loss) attributable to noncontrolling interests	2,699	11		11							2,688	11
Common units issued as a result of common shares issued by Urban Edge (in shares)					(7,779)
Common units issued as a result of common shares issued by Urban Edge		9	38		$ (29)
Units redeemed for common shares (in shares)					179,110	(179,110)		179,110
Units redeemed for common shares	1,472	1,472			$ 1,472			$ 1	1,471
Limited partnership units issued, net (in shares)						348,729
Limited partnership units issued, net		0
Reallocation of noncontrolling interests	(1,472)	(1,472)			(1,641)	$ 169	[1]		(1,641)		169
Common shares issued (in shares)								(7,779)
Common shares issued	(9)								29	(38)
Dividends to common shareholders	(25,085)									(25,085)
Distributions to redeemable NCI	(2,735)										(2,735)
Distributions to Partners		(27,820)	(27,820)
Share-based compensation expense	2,252	2,252	9		$ 1,142	$ 1,101	[1]		1,142	9	1,101
Ending balance (in shares) at Sep. 30, 2018					114,175,607	12,908,526		114,175,607
Ending balance at Sep. 30, 2018	$ 1,023,254	$ 1,023,254	(36,758)	438	$ 953,100	$ 106,474	[1]	$ 1,141	951,959	(34,221)	103,937	438
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	[2]	$ 1,143	956,420	(52,857)	100,822	449
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders	106,148	112,683	112,683							106,148
Net income (loss) attributable to noncontrolling interests	6,511	(24)		(24)							6,535	(24)
Common units issued as a result of common shares issued by Urban Edge (in shares)					47,372
Common units issued as a result of common shares issued by Urban Edge		(253)	101		$ (354)
Units redeemed for common shares (in shares)					6,861,692	(6,861,692)		6,861,692
Units redeemed for common shares	52,022	52,022			$ 54,748			$ 68	54,680		(2,726)
Units redeemed for cash	(5,978)								(3,422)		(2,556)
Limited partnership units issued, net (in shares)						276,287
Limited partnership units issued, net		0
Reallocation of noncontrolling interests	(52,022)	(52,022)			4,077	$ (56,099)	[2]		4,077		(56,099)
Common shares issued (in shares)								47,372
Common shares issued	253							$ 1	353	(101)
Dividends to common shareholders	(79,489)									(79,489)
Distributions to redeemable NCI	(4,427)										(4,427)
Distributions to Partners		(83,916)	(83,916)
Share-based compensation expense	10,269	10,269			$ 4,579	$ 5,690	[2]		4,579		5,690
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 Sep. 30, 2019	121,223,353	121,223,353			121,223,353	5,793,230		121,223,353
Ending balance at Sep. 30, 2019	$ 1,035,713	$ 1,035,713	(31,734)	425	$ 1,017,266	$ 49,756	[2]	$ 1,212	1,016,054	(29,217)	47,239	425
Beginning balance (in shares) at Jun. 30, 2019					121,171,003	6,201,228		121,171,003
Beginning balance at Jun. 30, 2019	1,009,686	1,009,686	(60,461)	427	$ 1,016,682	$ 53,038	[2]	$ 1,212	1,015,470	(56,580)	49,157	427
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders	54,040	56,702	56,702							54,040
Net income (loss) attributable to noncontrolling interests	2,660	(2)		(2)							2,662	(2)
Common units issued as a result of common shares issued by Urban Edge (in shares)					2,350
Common units issued as a result of common shares issued by Urban Edge		61	31		$ 30
Units redeemed for common shares (in shares)					50,000	(50,000)		50,000
Units redeemed for common shares	(2,291)	(2,291)			$ 435	$ (2,726)			435		(2,726)
Units redeemed for cash (in shares)						(357,998)
Units redeemed for cash	(5,978)	(5,978)			(3,422)	$ (2,556)	[2]		(3,422)		(2,556)
Reallocation of noncontrolling interests	2,291	2,291			2,291				2,291		0
Common shares issued (in shares)								2,350
Common shares issued	(61)								(30)	(31)
Dividends to common shareholders	(26,646)									(26,646)
Distributions to redeemable NCI	(1,298)										(1,298)
Distributions to Partners		(27,944)	(27,944)
Share-based compensation expense	$ 3,310	$ 3,310			$ 1,310	$ 2,000	[2]		1,310		2,000
Ending balance (in shares) at Sep. 30, 2019	121,223,353	121,223,353			121,223,353	5,793,230		121,223,353
Ending balance at Sep. 30, 2019	$ 1,035,713	$ 1,035,713	$ (31,734)	$ 425	$ 1,017,266	$ 49,756	[2]	$ 1,212	$ 1,016,054	$ (29,217)	$ 47,239	$ 425
[1]	Limited partners have a 10.2% common limited partnership interest in the Operating Partnership as of September 30, 2018 in the form of units of interest in the OP Units and LTIP units.
[2]	Limited partners have a 4.6% common limited partnership interest in the Operating Partnership as of September 30, 2019 in the form of units of interest in the OP Units and LTIP units.

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Distributions to redeemable NCI (in dollars per unit)	$ 0.22	$ 0.22	$ 0.66	$ 0.66
Limited Partners | Urban Edge Properties LP
Noncontrolling interest percentage	4.60%	10.20%	4.60%	10.20%
Accumulated Earnings (Deficit) | Urban Edge Properties LP
Dividends on common shares (in dollars per share)	$ 0.22	$ 0.22		$ 0.66
Accumulated Earnings (Deficit)
Dividends on common shares (in dollars per share)	0.22	0.22		0.66
Operating Partnership
Distributions to redeemable NCI (in dollars per unit)	$ 0.22	$ 0.22	$ 0.66	$ 0.66
Operating Partnership | Accumulated Earnings (Deficit) | Urban Edge Properties LP
Dividends on common shares (in dollars per share)			$ 0.66

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 112,659	$ 109,712
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	65,645	74,025
Casualty and impairment loss, net	9,070	0
Gain on sale of real estate	(68,219)	(52,625)
Gain on sale of lease	(1,849)	0
Gain on extinguishment of debt	0	(2,524)
Amortization of deferred financing costs	2,170	2,159
Amortization of below market leases, net	(13,933)	(29,767)
Amortization of right-of-use assets	6,329	0
Straight-lining of rent	120	(381)
Share-based compensation expense	10,269	6,494
Provision for doubtful accounts	0	2,588
Change in operating assets and liabilities:
Tenant and other receivables	2,444	(12,812)
Deferred leasing costs	(3,239)	(3,441)
Prepaid and other assets	(2,377)	(1,359)
Accounts payable, accrued expenses and other liabilities	(3,496)	(3,947)
Net cash provided by operating activities	115,593	88,122
CASH FLOWS FROM INVESTING ACTIVITIES
Real estate development and capital improvements	(71,005)	(90,703)
Acquisition of real estate	0	(4,931)
Proceeds from sale of operating properties	111,440	57,593
Proceeds from sale of operating lease	6,943	0
Insurance proceeds	12,677	1,300
Net cash provided by (used in) investing activities	60,055	(36,741)
CASH FLOWS FROM FINANCING ACTIVITIES
Debt repayments	(3,907)	(3,153)
Debt issuance costs	(2,643)	0
Dividends to common shareholders	(79,489)	(75,122)
Distributions to redeemable noncontrolling interests	(4,427)	(8,301)
Taxes withheld for vested restricted shares	(633)	(385)
Proceeds related to the issuance of common shares	253	315
Payment for redemption of units	(5,978)	0
Net cash used in financing activities	(96,824)	(86,646)
Net increase (decrease) in cash and cash equivalents and restricted cash	78,824	(35,265)
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	536,346	465,576
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest, net of amounts capitalized of $1,277 and $2,769, respectively	48,776	49,549
Cash payments for income taxes	1,589	757
Cash payments for lease liabilities	8,205	0
NON-CASH INVESTING AND FINANCING ACTIVITIES
Accrued capital expenditures included in accounts payable and accrued expenses	13,444	24,100
Write-off of fully depreciated and impaired assets	43,625	10,407
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	441,561	449,307
Restricted cash at beginning of period	17,092	10,562
Restricted cash at end of period	94,785	16,269
Cash and cash equivalents and restricted cash at beginning/end of period	536,346	500,841
Urban Edge Properties LP
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	112,659	109,712
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	65,645	74,025
Casualty and impairment loss, net	9,070	0
Gain on sale of real estate	(68,219)	(52,625)
Gain on sale of lease	(1,849)	0
Gain on extinguishment of debt	0	(2,524)
Amortization of deferred financing costs	2,170	2,159
Amortization of below market leases, net	(13,933)	(29,767)
Amortization of right-of-use assets	6,329	0
Straight-lining of rent	120	(381)
Share-based compensation expense	10,269	6,494
Provision for doubtful accounts	0	2,588
Change in operating assets and liabilities:
Tenant and other receivables	2,444	(12,812)
Deferred leasing costs	(3,239)	(3,441)
Prepaid and other assets	(2,377)	(1,359)
Accounts payable, accrued expenses and other liabilities	(3,496)	(3,947)
Net cash provided by operating activities	115,593	88,122
CASH FLOWS FROM INVESTING ACTIVITIES
Real estate development and capital improvements	(71,005)	(90,703)
Acquisition of real estate	0	(4,931)
Proceeds from sale of operating properties	111,440	57,593
Proceeds from sale of operating lease	6,943	0
Insurance proceeds	12,677	1,300
Net cash provided by (used in) investing activities	60,055	(36,741)
CASH FLOWS FROM FINANCING ACTIVITIES
Debt repayments	(3,907)	(3,153)
Debt issuance costs	(2,643)	0
Distributions to partners	(83,916)	(83,423)
Taxes withheld for vested restricted shares	(633)	(385)
Proceeds related to the issuance of common shares	253	315
Payment for redemption of units	(5,978)	0
Net cash used in financing activities	(96,824)	(86,646)
Net increase (decrease) in cash and cash equivalents and restricted cash	78,824	(35,265)
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	536,346	465,576
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest, net of amounts capitalized of $1,277 and $2,769, respectively	48,776	49,549
Cash payments for income taxes	1,589	757
Cash payments for lease liabilities	8,205	0
NON-CASH INVESTING AND FINANCING ACTIVITIES
Accrued capital expenditures included in accounts payable and accrued expenses	13,444	24,100
Write-off of fully depreciated and impaired assets	43,625	10,407
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	441,561	449,307
Restricted cash at beginning of period	17,092	10,562
Restricted cash at end of period	94,785	16,269
Cash and cash equivalents and restricted cash at beginning/end of period	$ 536,346	$ 465,576

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Capitalized interest	$ 1,277	$ 2,769
Urban Edge Properties LP
Capitalized interest	$ 1,277	$ 2,769

ORGANIZATION

ORGANIZATION	9 Months Ended
	Sep. 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 the Company’s 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 September 30, 2019 , Urban Edge owned approximately 95.4% of the outstanding common OP Units with the remaining limited OP Units held by members of management, Urban Edge’s 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 September 30, 2019 , our portfolio consisted of 73 shopping centers, four malls and a warehouse park, totaling approximately 15.0 million

BASIS OF PRESENTATION AND PRINC

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION AND COMBINATION	9 Months Ended
	Sep. 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 nine months ended September 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 September 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 nine months ended September 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 nine months ended September 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 nine months ended September 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 nine months ended September 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 nine months ended September 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	9 Months Ended
	Sep. 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 September 30, 2019 , our operating lease ROU assets and lease liabilities were $83.5 million and $81.4 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 $0.5 million for the nine months ended September 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. Real estate taxes and insurance expenses paid directly by tenants have not been recognized as rental revenue, real estate taxes and property operating expenses on the consolidated statements of income. 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	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS Acquisitions During the nine months ended September 30, 2019 , no acquisitions were completed by the Company. As of September 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, in which the Company will acquire the lessee position for a purchase price of $7.1 million . The transaction is scheduled to close by the end of 2019. As of September 30, 2019 , we were 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. We are also under contract to purchase one property located in the Boston metropolitan area for a gross purchase price of $24.5 million . The completion of these transactions are contingent on satisfying closing conditions. The Company’s pending acquisitions will serve as 1031 exchanges for the Company’s dispositions and the required equity will be funded using proceeds from dispositions. Dispositions During the three months ended September 30, 2019 , we disposed of six properties and received proceeds of $77.6 million , net of selling costs, resulting in a $39.7 million net gain on sale of real estate. During the nine months ended September 30, 2019 , we disposed of eight properties and received proceeds of $111.4 million , net of selling costs, resulting in a $68.2 million net gain on sale of real estate. During the three and nine months ended September 30, 2019 , the Company also sold its lessee position in one of its ground leases and received proceeds of $6.9 million , net of selling costs, and derecognized the lease’s ROU asset and corresponding lease liability. We recognized a gain on sale of lease of $1.8 million on our consolidated statements of income during the three and nine months ended September 30, 2019 as a result of the sale. Real Estate Held for Sale As of September 30, 2019 , our property in Lawnside, NJ was classified as held for sale based on an executed contract of sale with a third-party buyer. 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 amount of this property was $3.5 million , and was included in prepaid expenses and other assets in our consolidated balance sheets as of September 30, 2019

IDENTIFIED INTANGIBLE ASSETS AN

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES	9 Months Ended
	Sep. 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 $49.5 million and $129.1 million , respectively, as of September 30, 2019 and $68.4 million and $144.3 million , respectively, as of December 31, 2018 . Amortization of acquired below-market leases, net of acquired above-market leases resulted in additional rental income of $2.1 million and $13.9 million for the three and nine months ended September 30, 2019 , respectively, and $19.3 million and $29.8 million for the same periods in 2018. Amortization of acquired in-place leases and customer relationships resulted in additional depreciation and amortization expense of $1.7 million and $5.7 million for the three and nine months ended September 30, 2019 , respectively, and $2.7 million and $11.2 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) $ 2,402 $ (282 ) $ (1,701 ) 2020 9,547 (996 ) (6,124 ) 2021 9,409 (797 ) (4,934 ) 2022 9,332 (433 ) (4,032 ) 2023 9,285 (327 ) (3,702 ) 2024 9,038 (266 ) (3,264 ) (1)

MORTGAGES PAYABLE

MORTGAGES PAYABLE	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
MORTGAGES PAYABLE	MORTGAGES PAYABLE The following is a summary of mortgages payable as of September 30, 2019 and December 31, 2018 . Interest Rate at September 30, December 31, (Amounts in thousands) Maturity September 30, 2019 2019 2018 First mortgages secured by: Variable rate Cherry Hill (Plaza at Cherry Hill) (1) 5/24/2022 3.70% $ 28,930 $ 28,930 Westfield (One Lincoln Plaza) (1) 5/24/2022 3.70% 4,730 4,730 Woodbridge (Plaza at Woodbridge) (1) 5/25/2022 3.70% 55,340 55,340 Jersey City (Hudson Commons) (2) 11/15/2024 4.00% 29,000 29,000 Watchung (2) 11/15/2024 4.00% 27,000 27,000 Bronx (1750-1780 Gun Hill Road) (2) 12/1/2024 4.00% 24,500 24,500 Total variable rate debt 169,500 169,500 Fixed rate Montehiedra (senior loan) 7/6/2021 5.33% 83,484 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% 11,132 11,582 Jersey City (Hudson Mall) (4) 12/1/2023 5.07% 23,803 24,326 Yonkers Gateway Center (5) 4/6/2024 4.16% 30,524 31,704 Las Catalinas 8/6/2024 4.43% 129,843 130,000 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% 23,901 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% 13,616 13,987 Total fixed rate debt 1,388,503 1,392,659 Total mortgages payable 1,558,003 1,562,159 Unamortized debt issuance costs (10,517 ) (11,917 ) Total mortgages payable, net of unamortized debt issuance costs $ 1,547,486 $ 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 September 30, 2019 and December 31, 2018 , respectively. The effective interest rate including amortization of the debt discount is 7.33% as of September 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 September 30, 2019 and December 31, 2018 , respectively. The effective interest rate including amortization of the debt premium is 3.87% as of September 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 September 30, 2019 and December 31, 2018 , respectively. The effective interest rate including amortization of the debt premium is 3.77% as of September 30, 2019 . The net carrying amount of real estate collateralizing the above indebtedness amounted to approximately $1.2 billion as of September 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 September 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 nine months ended September 30, 2018 . As of September 30, 2019 , the principal repayments for the next five years and thereafter are as follows: (Amounts in thousands) Year Ending December 31, 2019 (1) $ 1,472 2020 7,515 2021 122,645 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 Agreement of $4.1 million and $2.2 million as of September 30, 2019 and December 31, 2018, respectively, are included in deferred financing fees, net in the consolidated balance sheets.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 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 from the provisions of the TCJA 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 nine months ended September 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 nine months ended September 30, 2018 . As of December 31, 2018, the Allentown TRS has been dissolved and as such, the Company’s consolidated financial statements for the three and nine months ended September 30, 2019 do not reflect any corporate income taxes associated with such TRS. During the nine months ended September 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 $0.1 million for the three months ended September 30, 2019 and 2018 , respectively, and $1.2 million and $0.5 million for the nine months ended September 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)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
LEASES	LEASES Leases — We have approximately 1,100 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 nine months ended September 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 $0.9 million for the nine months ended September 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 $78.2 million in the nine months ended September 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 19 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 two years 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 September 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 nine months ended September 30, 2019 , 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. During the three and nine months ended September 30, 2019 , the Company sold its lessee position in one of its operating ground leases for $6.9 million , net of selling costs, and derecognized the lease’s ROU asset and corresponding lease liability. We recognized a gain on sale of lease of $1.8 million on our consolidated statements of income during the three and nine months ended September 30, 2019 as a result of the sale. Additionally, on July 31, 2019, the Company’s lessee position in one of its ground leases expired in accordance with the terms of the lease. 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 1,100 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 nine months ended September 30, 2019 were as follows: (Amounts in thousands) Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Rental Revenue Fixed lease revenue $ 66,478 $ 209,858 Variable lease revenue 24,291 79,707 Total rental revenue $ 90,769 $ 289,565 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 September 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) $ 65,142 2020 253,409 2021 234,944 2022 217,097 2023 193,934 2024 160,771 Thereafter 861,213 Total undiscounted cash flows $ 1,986,510 (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 September 30, 2019 , substantially all of the Company’s real estate assets are subject to operating leases. Leases as lessee As of September 30, 2019 , the Company had 19 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 two years 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 nine months ended September 30, 2019 were as follows: (Amounts in thousands) Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Lease expense Operating lease cost (1) $ 2,890 $ 8,998 Variable lease cost 596 2,039 Total lease expense $ 3,486 $ 11,037 (1) During the three and nine months ended September 30, 2019 , the Company recognized sublease income of $4.9 million and $15.1 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: September 30, 2019 Supplemental noncash information Weighted-average remaining lease term - operating leases 16.1 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) $ 2,446 2020 9,228 2021 8,639 2022 8,658 2023 8,456 2024 8,463 Thereafter 68,956 Total undiscounted cash flows 114,846 Present value discount (33,418 ) Discounted cash flows $ 81,428 (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	9 Months Ended
	Sep. 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 September 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 September 30, 2019 and December 31, 2018 . As of September 30, 2019 As of December 31, 2018 (Amounts in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents $ 441,561 $ 441,561 $ 440,430 $ 440,430 Liabilities: Mortgages payable (1) $ 1,558,003 $ 1,599,896 $ 1,562,159 $ 1,543,963 (1) Carrying amounts exclude unamortized debt issuance costs of $10.5 million and $11.9 million as of September 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. Aggregate impairment charges of $22.7 million are included as an expense within casualty and impairment loss (gain), net on our consolidated statements of income for the nine months ended September 30, 2019 .

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 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 September 30, 2019 , we had approximately $42.5 million of active development, redevelopment and anchor repositioning projects underway, of which $8.3 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 available coverage. We cannot anticipate what coverage will be available on commercially reasonable terms in the future and expect premiums across most 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 nine months ended September 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 nine months ended September 30, 2019 . As part of the settlement, the Company recognized $0.3 million as business interruption proceeds within rental revenue for the nine months ended September 30, 2019 . Hurricane-Related Charges On September 20, 2017, Hurricane Maria made landfall, damaging our two properties in Puerto Rico. During the nine months ended September 30, 2018 , the Company received $1.5 million in casualty insurance proceeds, which were partially offset by $0.3 million of hurricane related costs, resulting in net casualty gains of $1.2 million included in casualty and impairment loss (gain), net on the accompanying consolidated statements of income. During the three and nine months ended September 30, 2018 , the Company recognized a $0.1 million net casualty gain and $0.4 million of business interruption losses, respectively. For the nine months ended September 30, 2018 , losses of $0.8 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 $0.4 million reversal within property operating expenses to provision for doubtful accounts for payments received from tenants on rents previously reserved. In June 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 nine months ended September 30, 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 $1.6 million and $1.7 million on our consolidated balance sheets as of September 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 nine months ended September 30, 2018 , the Company recognized $0.6 million 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 or square footage 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. In April 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. The Company is monitoring the proceedings and considering its alternatives. During the three and nine months ended September 30, 2019 , the Company received $0.1 million and $1.2 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	9 Months Ended
	Sep. 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) September 30, 2019 December 31, 2018 Assets held for sale $ 3,453 $ — Other assets 4,289 2,765 Prepaid expenses: Real estate taxes 6,513 6,911 Insurance 3,165 2,509 Licenses/fees 1,529 783 Total Prepaid expenses and other assets $ 18,949 $ 12,968

ACCOUNTS PAYABLE, ACCRUED EXPEN

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES	9 Months Ended
	Sep. 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) September 30, 2019 December 31, 2018 Deferred tenant revenue $ 27,305 $ 28,697 Accrued capital expenditures and leasing costs 17,669 29,754 Accrued interest payable 9,398 8,950 Security deposits 5,827 5,396 Deferred tax liability, net 5,279 5,532 Accrued payroll expenses 4,941 5,747 Other liabilities and accrued expenses 9,742 7,371 Accrued rent (1) — 7,070 Total accounts payable, accrued expenses and other liabilities $ 80,161 $ 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	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, (Amounts in thousands) 2019 2018 2019 2018 Interest expense $ 16,131 $ 16,036 $ 47,699 $ 45,900 Amortization of deferred financing costs 730 720 2,170 2,159 Total Interest and debt expense $ 16,861 $ 16,756 $ 49,869 $ 48,059

EQUITY AND NONCONTROLLING INTER

EQUITY AND NONCONTROLLING INTEREST	9 Months Ended
	Sep. 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. During the three and nine months ended September 30, 2019 and 2018 , respectively, no common shares were issued under the ATM equity program. The Company’s ATM program expired in August 2019. We had no obligation to sell the remaining shares available under the ATM equity program. Dividends and Distributions During the three months ended September 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 nine months ended September 30, 2019 and 2018 , respectively, the Company declared dividends on our common shares and OP unit distributions of $0.66 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 4.7% and 6.2% weighted-average interest in the Operating Partnership for the three and nine months ended September 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. On August 5, 2019, the Company received requests from certain holders of OP units to redeem 357,998 units. The Company elected to satisfy the redemption requests by repurchasing the units at a price of $16.70 per unit, for total cash consideration of $6.0 million . 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	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, (Amounts in thousands) 2019 2018 2019 2018 Share-based compensation expense components: Restricted share expense $ 297 $ 525 $ 1,384 $ 1,726 Stock option expense 992 546 3,062 1,650 LTIP expense 1,171 285 3,374 659 Outperformance Plan (“OPP”) expense 828 825 2,315 2,365 Deferred share unit (“DSU”) expense 22 71 134 94 Total Share-based compensation expense $ 3,310 $ 2,252 $ 10,269 $ 6,494 Equity award activity during the nine months ended September 30, 2019 included: (i) 276,482 LTIP units granted, (ii) 180,213 stock options granted, (iii) 34,638 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 September 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	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, (Amounts in thousands, except per share amounts) 2019 2018 2019 2018 Numerator: Net income attributable to common shareholders $ 54,040 $ 24,200 $ 106,148 $ 98,637 Less: Earnings allocated to unvested participating securities (43 ) (44 ) (89 ) (177 ) Net income available for common shareholders - basic $ 53,997 $ 24,156 $ 106,059 $ 98,460 Impact of assumed conversions: OP and LTIP units — — 5,883 200 Net income available for common shareholders - dilutive $ 53,997 $ 24,156 $ 111,942 $ 98,660 Denominator: Weighted average common shares outstanding - basic 121,087 113,890 119,259 113,769 Effect of dilutive securities (1) : Stock options using the treasury stock method — 78 — 36 Restricted share awards 96 188 102 194 Assumed conversion of OP and LTIP units — — 7,128 237 Weighted average common shares outstanding - diluted 121,183 114,156 126,489 114,236 Earnings per share available to common shareholders: Earnings per common share - Basic $ 0.45 $ 0.21 $ 0.89 $ 0.87 Earnings per common share - Diluted $ 0.45 $ 0.21 $ 0.89 $ 0.86 ( 1) For the three months ended September 30, 2019 and 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 these periods. Operating Partnership Earnings per Unit The following table sets forth the computation of basic and diluted earnings per unit: Three Months Ended September 30, Nine Months Ended September 30, (Amounts in thousands, except per unit amounts) 2019 2018 2019 2018 Numerator: Net income attributable to unitholders $ 56,702 $ 26,888 $ 112,683 $ 109,678 Less: net income attributable to participating securities (43 ) (46 ) (89 ) (190 ) Net income available for unitholders $ 56,659 $ 26,842 $ 112,594 $ 109,488 Denominator: Weighted average units outstanding - basic 126,277 126,208 126,387 126,170 Effect of dilutive securities issued by Urban Edge 96 267 102 229 Unvested LTIP units — 218 1 237 Weighted average units outstanding - diluted 126,373 126,693 126,490 126,636 Earnings per unit available to unitholders: Earnings per unit - Basic $ 0.45 $ 0.21 $ 0.89 $ 0.87 Earnings per unit - Diluted $ 0.45 $ 0.21 $ 0.89 $ 0.86

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 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 nine months ended September 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 September 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 nine months ended September 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 nine months ended September 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 nine months ended September 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 nine months ended September 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 nine months ended September 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 September 30, 2019 , our operating lease ROU assets and lease liabilities were $83.5 million and $81.4 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 $0.5 million for the nine months ended September 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. Real estate taxes and insurance expenses paid directly by tenants have not been recognized as rental revenue, real estate taxes and property operating expenses on the consolidated statements of income. 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)	9 Months Ended
	Sep. 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) $ 2,402 $ (282 ) $ (1,701 ) 2020 9,547 (996 ) (6,124 ) 2021 9,409 (797 ) (4,934 ) 2022 9,332 (433 ) (4,032 ) 2023 9,285 (327 ) (3,702 ) 2024 9,038 (266 ) (3,264 ) (1) Remainder of 2019.

MORTGAGES PAYABLE (Tables)

MORTGAGES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Mortgages Payable	The following is a summary of mortgages payable as of September 30, 2019 and December 31, 2018 . Interest Rate at September 30, December 31, (Amounts in thousands) Maturity September 30, 2019 2019 2018 First mortgages secured by: Variable rate Cherry Hill (Plaza at Cherry Hill) (1) 5/24/2022 3.70% $ 28,930 $ 28,930 Westfield (One Lincoln Plaza) (1) 5/24/2022 3.70% 4,730 4,730 Woodbridge (Plaza at Woodbridge) (1) 5/25/2022 3.70% 55,340 55,340 Jersey City (Hudson Commons) (2) 11/15/2024 4.00% 29,000 29,000 Watchung (2) 11/15/2024 4.00% 27,000 27,000 Bronx (1750-1780 Gun Hill Road) (2) 12/1/2024 4.00% 24,500 24,500 Total variable rate debt 169,500 169,500 Fixed rate Montehiedra (senior loan) 7/6/2021 5.33% 83,484 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% 11,132 11,582 Jersey City (Hudson Mall) (4) 12/1/2023 5.07% 23,803 24,326 Yonkers Gateway Center (5) 4/6/2024 4.16% 30,524 31,704 Las Catalinas 8/6/2024 4.43% 129,843 130,000 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% 23,901 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% 13,616 13,987 Total fixed rate debt 1,388,503 1,392,659 Total mortgages payable 1,558,003 1,562,159 Unamortized debt issuance costs (10,517 ) (11,917 ) Total mortgages payable, net of unamortized debt issuance costs $ 1,547,486 $ 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 September 30, 2019 and December 31, 2018 , respectively. The effective interest rate including amortization of the debt discount is 7.33% as of September 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 September 30, 2019 and December 31, 2018 , respectively. The effective interest rate including amortization of the debt premium is 3.87% as of September 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 September 30, 2019 and December 31, 2018 , respectively. The effective interest rate including amortization of the debt premium is 3.77% as of September 30, 2019 .
Schedule of Principal Repayments	As of September 30, 2019 , the principal repayments for the next five years and thereafter are as follows: (Amounts in thousands) Year Ending December 31, 2019 (1) $ 1,472 2020 7,515 2021 122,645 2022 99,976 2023 344,368 2024 274,316 Thereafter 707,711 (1) Remainder of 2019.

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of Components of Rental Revenue	The components of rental revenue for the three and nine months ended September 30, 2019 were as follows: (Amounts in thousands) Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Rental Revenue Fixed lease revenue $ 66,478 $ 209,858 Variable lease revenue 24,291 79,707 Total rental revenue $ 90,769 $ 289,565
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 September 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) $ 65,142 2020 253,409 2021 234,944 2022 217,097 2023 193,934 2024 160,771 Thereafter 861,213 Total undiscounted cash flows $ 1,986,510 (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 nine months ended September 30, 2019 were as follows: (Amounts in thousands) Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Lease expense Operating lease cost (1) $ 2,890 $ 8,998 Variable lease cost 596 2,039 Total lease expense $ 3,486 $ 11,037 (1) During the three and nine months ended September 30, 2019 , the Company recognized sublease income of $4.9 million and $15.1 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: September 30, 2019 Supplemental noncash information Weighted-average remaining lease term - operating leases 16.1 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) $ 2,446 2020 9,228 2021 8,639 2022 8,658 2023 8,456 2024 8,463 Thereafter 68,956 Total undiscounted cash flows 114,846 Present value discount (33,418 ) Discounted cash flows $ 81,428 (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)	9 Months Ended
	Sep. 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 September 30, 2019 and December 31, 2018 . As of September 30, 2019 As of December 31, 2018 (Amounts in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents $ 441,561 $ 441,561 $ 440,430 $ 440,430 Liabilities: Mortgages payable (1) $ 1,558,003 $ 1,599,896 $ 1,562,159 $ 1,543,963 (1) Carrying amounts exclude unamortized debt issuance costs of $10.5 million and $11.9 million as of September 30, 2019 and December 31, 2018 , respectively.

PREPAID EXPENSES AND OTHER AS_2

PREPAID EXPENSES AND OTHER ASSETS (Tables)	9 Months Ended
	Sep. 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) September 30, 2019 December 31, 2018 Assets held for sale $ 3,453 $ — Other assets 4,289 2,765 Prepaid expenses: Real estate taxes 6,513 6,911 Insurance 3,165 2,509 Licenses/fees 1,529 783 Total Prepaid expenses and other assets $ 18,949 $ 12,968

ACCOUNTS PAYABLE, ACCRUED EXP_2

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	9 Months Ended
	Sep. 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) September 30, 2019 December 31, 2018 Deferred tenant revenue $ 27,305 $ 28,697 Accrued capital expenditures and leasing costs 17,669 29,754 Accrued interest payable 9,398 8,950 Security deposits 5,827 5,396 Deferred tax liability, net 5,279 5,532 Accrued payroll expenses 4,941 5,747 Other liabilities and accrued expenses 9,742 7,371 Accrued rent (1) — 7,070 Total accounts payable, accrued expenses and other liabilities $ 80,161 $ 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)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, (Amounts in thousands) 2019 2018 2019 2018 Interest expense $ 16,131 $ 16,036 $ 47,699 $ 45,900 Amortization of deferred financing costs 730 720 2,170 2,159 Total Interest and debt expense $ 16,861 $ 16,756 $ 49,869 $ 48,059

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, (Amounts in thousands) 2019 2018 2019 2018 Share-based compensation expense components: Restricted share expense $ 297 $ 525 $ 1,384 $ 1,726 Stock option expense 992 546 3,062 1,650 LTIP expense 1,171 285 3,374 659 Outperformance Plan (“OPP”) expense 828 825 2,315 2,365 Deferred share unit (“DSU”) expense 22 71 134 94 Total Share-based compensation expense $ 3,310 $ 2,252 $ 10,269 $ 6,494

EARNINGS PER SHARE AND UNIT (Ta

EARNINGS PER SHARE AND UNIT (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, (Amounts in thousands, except per share amounts) 2019 2018 2019 2018 Numerator: Net income attributable to common shareholders $ 54,040 $ 24,200 $ 106,148 $ 98,637 Less: Earnings allocated to unvested participating securities (43 ) (44 ) (89 ) (177 ) Net income available for common shareholders - basic $ 53,997 $ 24,156 $ 106,059 $ 98,460 Impact of assumed conversions: OP and LTIP units — — 5,883 200 Net income available for common shareholders - dilutive $ 53,997 $ 24,156 $ 111,942 $ 98,660 Denominator: Weighted average common shares outstanding - basic 121,087 113,890 119,259 113,769 Effect of dilutive securities (1) : Stock options using the treasury stock method — 78 — 36 Restricted share awards 96 188 102 194 Assumed conversion of OP and LTIP units — — 7,128 237 Weighted average common shares outstanding - diluted 121,183 114,156 126,489 114,236 Earnings per share available to common shareholders: Earnings per common share - Basic $ 0.45 $ 0.21 $ 0.89 $ 0.87 Earnings per common share - Diluted $ 0.45 $ 0.21 $ 0.89 $ 0.86 ( 1) For the three months ended September 30, 2019 and 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 these periods. Operating Partnership Earnings per Unit The following table sets forth the computation of basic and diluted earnings per unit: Three Months Ended September 30, Nine Months Ended September 30, (Amounts in thousands, except per unit amounts) 2019 2018 2019 2018 Numerator: Net income attributable to unitholders $ 56,702 $ 26,888 $ 112,683 $ 109,678 Less: net income attributable to participating securities (43 ) (46 ) (89 ) (190 ) Net income available for unitholders $ 56,659 $ 26,842 $ 112,594 $ 109,488 Denominator: Weighted average units outstanding - basic 126,277 126,208 126,387 126,170 Effect of dilutive securities issued by Urban Edge 96 267 102 229 Unvested LTIP units — 218 1 237 Weighted average units outstanding - diluted 126,373 126,693 126,490 126,636 Earnings per unit available to unitholders: Earnings per unit - Basic $ 0.45 $ 0.21 $ 0.89 $ 0.87 Earnings per unit - Diluted $ 0.45 $ 0.21 $ 0.89 $ 0.86

ORGANIZATION (Details)

ORGANIZATION (Details) ft² in Millions	Jan. 15, 2015	Sep. 30, 2019ft²property
Real Estate Properties [Line Items]
Area of real estate property (in sq ft) | ft²		15
Warehouses
Real Estate Properties [Line Items]
Number of real estate properties		1
Wholly owned properties | Shopping Center
Real Estate Properties [Line Items]
Number of real estate properties		73
Wholly owned properties | Mall
Real Estate Properties [Line Items]
Number of real estate properties		4
Parent | Vornado Realty L.P.
Real Estate Properties [Line Items]
Noncontrolling interest percentage	5.40%	95.40%

BASIS OF PRESENTATION AND PRI_2

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION AND COMBINATION (Details)	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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	$ 83,523		$ 0
Lease liabilities	81,428		0
Below-market lease intangible derecognized	(129,090)		(144,258)
Deferred lease expense derecognized	0		$ (7,070)
Capitalized internal leasing overhead	$ 500
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	Oct. 25, 2019USD ($)	Sep. 30, 2019USD ($)leaseproperty	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)leaseproperty	Sep. 30, 2018USD ($)	Dec. 31, 2020USD ($)property	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Business Acquisition [Line Items]
Number of acquisitions completed by the Company				0
Gain on sale of real estate		$ 39,716	$ 2,185	$ 68,219	$ 52,625
Number of ground lease positions sold | lease		1		1
Proceeds from sale of ground lease		$ 6,900		$ 6,943	0
Gain on sale of ground lease		1,849	$ 0	1,849	$ 0
Assets held for sale		$ 3,453		$ 3,453				$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Business Acquisition [Line Items]
Number of disposed properties | property		6		8
Aggregate sale price of disposed properties		$ 77,600		$ 111,400
Gain on sale of real estate		39,700		68,200
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations | Lawnside, NJ | Prepaid Expenses and Other Assets
Business Acquisition [Line Items]
Assets held for sale		$ 3,500		$ 3,500
Building in Maywood, NJ | Subsequent Event
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
Boston Metro Area | Scenario, Forecast
Business Acquisition [Line Items]
Purchase price of real estate property acquired						$ 24,500
Number of real estate properties | property						1

IDENTIFIED INTANGIBLE ASSETS _3

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Identified intangible assets, net of accumulated amortization	$ 49,527		$ 49,527		$ 68,422
Identified intangible liabilities, net of accumulated amortization	129,090		129,090		$ 144,258
Amortization of acquired below-market leases, net of above-market leases	2,100	$ 19,300	13,900	$ 29,800
Amortization expense of intangible assets	$ 1,700	$ 2,700	$ 5,700	$ 11,200

IDENTIFIED INTANGIBLE ASSETS _4

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES - Schedule of Estimated Annual Amortization Expense (Details) $ in Thousands	Sep. 30, 2019USD ($)
Below-Market Operating Lease Amortization
Reminder of 2019	$ 2,402
2019	9,547
2020	9,409
2021	9,332
2022	9,285
2024	9,038
Above-Market
Above-Market Operating Lease Amortization
Remainder of 2019	(282)
2020	(996)
2021	(797)
2022	(433)
2023	(327)
2024	(266)
In-Place Leases
Remainder of 2019	(282)
2020	(996)
2021	(797)
2022	(433)
2023	(327)
2024	(266)
In-Place Leases
Above-Market Operating Lease Amortization
Remainder of 2019	(1,701)
2020	(6,124)
2021	(4,934)
2022	(4,032)
2023	(3,702)
2024	(3,264)
In-Place Leases
Remainder of 2019	(1,701)
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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Feb. 23, 2018
Debt Instrument [Line Items]
Total mortgages payable, net of unamortized debt issuance costs	$ 1,547,486		$ 1,547,486		$ 1,550,242
Gain on extinguishment of debt	0	$ 0	0	$ 2,524
Mortgages | First Mortgage
Debt Instrument [Line Items]
Total mortgages payable	1,558,003		1,558,003		1,562,159
Unamortized debt issuance costs	(10,517)		(10,517)		(11,917)
Total mortgages payable, net of unamortized debt issuance costs	1,547,486		1,547,486		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	3.70%		3.70%
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	3.70%		3.70%
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	3.70%		3.70%
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	4.00%		4.00%
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	4.00%		4.00%
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	4.00%		4.00%
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	$ 1,388,503		$ 1,388,503		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	$ 83,484		$ 83,484		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	$ 11,132		$ 11,132		11,582
Mortgages | First Mortgage | Fixed rate | Hudson Mall
Debt Instrument [Line Items]
Interest rate	5.07%		5.07%
Total mortgages payable	$ 23,803		$ 23,803		24,326
Effective interest rate	3.87%		3.87%
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	$ 30,524		$ 30,524		31,704
Effective interest rate	3.77%		3.77%
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	$ 129,843		$ 129,843		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	$ 23,901		$ 23,901		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	$ 13,616		$ 13,616		13,987
Unamortized debt discount	$ (900)		$ (900)		$ (1,000)
Effective interest rate	7.33%		7.33%
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 ($)extension_option	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)	Feb. 23, 2018USD ($)	Jan. 15, 2015USD ($)
Debt Instrument [Line Items]
Net carrying amount of real estate collateralizing indebtedness		$ 1,200,000,000		$ 1,200,000,000
Gain on extinguishment of debt		0	$ 0	0	$ 2,524,000
Increase in credit facility	$ 100,000,000
Additional deferred financing fees incurred				2,643,000	$ 0
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		4,100,000		4,100,000		$ 2,200,000
Revolving Credit Facility | Revolving Credit Agreement | Maximum
Debt Instrument [Line Items]
Financial covenants, maximum leverage ratio								0.60
Facility fee	30.00%
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		1,558,003,000		1,558,003,000		1,562,159,000
First Mortgage | Mortgages | Fixed rate
Debt Instrument [Line Items]
Total mortgages payable		1,388,503,000		$ 1,388,503,000		$ 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	Sep. 30, 2019USD ($)
Debt Disclosure [Abstract]
Remainder of 2018	$ 1,472
2019	7,515
2020	122,645
2021	99,976
2022	344,368
2023	274,316
Thereafter	$ 707,711

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Thousands	Jan. 01, 2018	Sep. 30, 2019USD ($)mall	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)mall	Sep. 30, 2018USD ($)	Dec. 31, 2018mall
Income Tax Contingency [Line Items]
Income tax expense		$ 53	$ 115	$ 1,249	$ 741
Puerto Rico
Income Tax Contingency [Line Items]
Number of malls | mall		2		2		2
Commonwealth of Puerto Rico
Income Tax Contingency [Line Items]
Non-resident withholding tax percentage				29.00%		29.00%
Income tax expense		$ 100	$ 100	$ 1,200	500
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) ft² in Thousands, $ in Thousands	Jul. 31, 2019lease	Sep. 30, 2019USD ($)ft²leaseproperty	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)ft²leaseproperty	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)	Jan. 01, 2019property
Operating Leased Assets [Line Items]
Variable lease payments dependent of CPI percentage				$ 900
Variable lease recoveries from tenant expense reimbursements				78,200
Number of properties in operating lease portfolio | property							24
ROU assets		$ 83,523		83,523		$ 0
Lease liabilities		$ 81,428		$ 81,428		0
Number of ground lease positions sold | lease		1		1
Proceeds from sale of ground lease		$ 6,900		$ 6,943	$ 0
Gain on sale of ground lease		$ 1,849	$ 0	$ 1,849	$ 0
Number of ground leases expired | lease	1
Area of leased real estate property (in sq ft) | ft²		15,000		15,000
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		19		19
Ground and Building | Minimum
Operating Leased Assets [Line Items]
Lessee, operating lease term of contract		2 years		2 years
Ground and Building | Maximum
Operating Leased Assets [Line Items]
Lessee, operating lease term of contract		80 years		80 years
Corporate Offices
Operating Leased Assets [Line Items]
Number of properties in operating lease portfolio | property		3		3
Corporate Offices | Minimum
Operating Leased Assets [Line Items]
Lessee, operating lease term of contract		1 year		1 year
Corporate Offices | Maximum
Operating Leased Assets [Line Items]
Lessee, operating lease term of contract		2 years		2 years
Ground Lease Norfolk, VA
Operating Leased Assets [Line Items]
ROU assets		$ 5,000		$ 5,000
Lease liabilities		$ 5,000		$ 5,000
Retail Shopping Centers and Malls
Operating Leased Assets [Line Items]
Number of operating leases | lease		1,100		1,100
Under 10,000 sq ft
Operating Leased Assets [Line Items]
Area of leased real estate property (in sq ft) | ft²		10		10
Lessor, operating lease term of contract		5 years		5 years
10,000 sq ft or more
Operating Leased Assets [Line Items]
Area of leased real estate property (in sq ft) | ft²		10		10
10,000 sq ft or more | Minimum
Operating Leased Assets [Line Items]
Lessor, operating lease term of contract		10 years		10 years
10,000 sq ft or more | Maximum
Operating Leased Assets [Line Items]
Lessor, operating lease term of contract		25 years		25 years

LEASES - Components of Rental R

LEASES - Components of Rental Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Leases [Abstract]
Fixed lease revenue	$ 66,478		$ 209,858
Variable lease revenue	24,291		79,707
Total rental revenue	$ 90,769	$ 111,733	$ 289,565	$ 310,895

LEASES - Maturity Analysis of O

LEASES - Maturity Analysis of Operating Lease Payments to be Received as Lessor (Details) $ in Thousands	Sep. 30, 2019USD ($)
Leases [Abstract]
Remainder of 2019	$ 65,142
2020	253,409
2021	234,944
2022	217,097
2023	193,934
2024	160,771
Thereafter	861,213
Total undiscounted cash flows	$ 1,986,510

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	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 2,890	$ 8,998
Variable lease cost	596	2,039
Total lease expense	3,486	11,037
Sublease income	$ 4,900	$ 15,100

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information Related to Leases (Details)	Sep. 30, 2019
Leases [Abstract]
Weighted-average remaining lease term - operating leases	16 years 1 month 6 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	Sep. 30, 2019	Dec. 31, 2018
Year Ended December 31,
Remainder of 2019	$ 2,446
2020	9,228
2021	8,639
2022	8,658
2023	8,456
2024	8,463
Thereafter	68,956
Total	114,846
Present value discount	(33,418)
Discounted cash flows	$ 81,428	$ 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	9 Months Ended
	Sep. 30, 2019USD ($)property	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges recognized	$ 9,070	$ 0
Casualty and Impairment Loss (Gain), Net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges recognized	22,700
Additional property as result of loss on 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 | Two retail properties market to sell within next 2 years
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
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	$ 0		$ 0
Financial liabilities measured at fair value	0		0
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	0		0
Financial liabilities measured at fair value	0		$ 0
Real Estate | Fair Value, Measurements, Nonrecurring | Level 3 | Disposal Group, Held-for-sale, Not Discontinued Operations | Two retail properties market to sell within next 2 years
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	$ 28,500

FAIR VALUE MEASUREMENTS - Balan

FAIR VALUE MEASUREMENTS - Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 441,561	$ 440,430	$ 449,307	$ 490,279
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	441,561	440,430
Carrying Amount | Mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgages payable	1,558,003	1,562,159
Unamortized debt issuance costs	(10,500)	(11,900)
Fair Value | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	441,561	440,430
Fair Value | Level 2 | Mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgages payable	$ 1,599,896	$ 1,543,963

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) ft² in Thousands	Oct. 15, 2018USD ($)ft²property	Jan. 31, 2019USD ($)property	Sep. 30, 2019USD ($)ft²mallproperty	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)ft²mallproperty	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)mallproperty	Jun. 13, 2018	Sep. 20, 2017mall
Loss Contingencies [Line Items]
Real estate redevelopment in process			$ 42,500,000		$ 42,500,000
Estimated cost to complete development and redevelopment projects			8,300,000		$ 8,300,000
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	$ (2,588,000)
Deferred lease expense			$ 1,600,000		$ 1,600,000		$ 1,700,000
Area of real estate property (in sq ft) | ft²			15,000		15,000
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			$ 100,000		1,200,000
Environmental Remediation
Loss Contingencies [Line Items]
Cost of services, environmental remediation						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					$ 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						800,000
Reversal of provision for doubtful accounts						400,000
Puerto Rico | Hurricane Maria | Hurricane | Business Interruption
Loss Contingencies [Line Items]
Net casualty gains						1,200,000
Casualty insurance proceeds received					3,300,000
Hurricane-related costs						300,000
Gains (losses) on business interruption			8,700,000	$ 100,000		$ (400,000)
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	Sep. 30, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Assets held for sale	$ 3,453	$ 0
Other assets	4,289	2,765
Prepaid expenses:
Real estate taxes	6,513	6,911
Insurance	3,165	2,509
Licenses/fees	1,529	783
Total Prepaid expenses and other assets	$ 18,949	$ 12,968

ACCOUNTS PAYABLE, ACCRUED EXP_3

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred tenant revenue	$ 27,305		$ 28,697
Accrued capital expenditures and leasing costs	17,669		29,754
Accrued interest payable	9,398		8,950
Security deposits	5,827		5,396
Deferred tax liability, net	5,279		5,532
Accrued payroll expenses	4,941		5,747
Other liabilities and accrued expenses	9,742		7,371
Accrued rent	0		7,070
Total accounts payable, accrued expenses and other liabilities	$ 80,161		$ 98,517
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accrued rent		$ (7,100)

INTEREST AND DEBT EXPENSE (Deta

INTEREST AND DEBT EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other Income and Expenses [Abstract]
Interest expense	$ 16,131	$ 16,036	$ 47,699	$ 45,900
Amortization of deferred financing costs	730	720	2,170	2,159
Total Interest and debt expense	$ 16,861	$ 16,756	$ 49,869	$ 48,059

EQUITY AND NONCONTROLLING INT_2

EQUITY AND NONCONTROLLING INTEREST (Details) - USD ($)	Aug. 05, 2019	Jan. 15, 2015	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 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	$ 0.66	$ 0.66
Conversion rate to common shares					1
Cash consideration paid for redemption of units					$ 5,978,000	$ 0
Common limited partnership units issued (in shares)			5,700,000		5,700,000
OP Units
Noncontrolling Interest [Line Items]
Noncontrolling interest percentage			4.70%
Conversion rate to common shares					1
Units redeemed for cash (in shares)	357,998
Price per unit redeemed for cash (in dollars per share)	$ 16.70
Cash consideration paid for redemption of units	$ 6,000,000
LTIP Units
Noncontrolling Interest [Line Items]
Noncontrolling interest percentage					6.20%
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 shares issued during period (in shares)			0	0	0	0
Common stock remaining amount available for issuance			$ 0		$ 0
Vornado Realty L.P. | Parent
Noncontrolling Interest [Line Items]
Noncontrolling interest percentage		5.40%			95.40%

SHARE-BASED COMPENSATION - Shar

SHARE-BASED COMPENSATION - Share-based Compensation Expense (Details) - General and Administrative Expense - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	$ 3,310	$ 2,252	$ 10,269	$ 6,494
Restricted share expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	297	525	1,384	1,726
Stock option expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	992	546	3,062	1,650
LTIP expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	1,171	285	3,374	659
Outperformance Plan (“OPP”) expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	828	825	2,315	2,365
Deferred share unit (“DSU”) expense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Share-based compensation expense	$ 22	$ 71	$ 134	$ 94

SHARE-BASED COMPENSATION - Addi

SHARE-BASED COMPENSATION - Additional Information (Details) - USD ($)	May 09, 2019	Apr. 04, 2019	Apr. 01, 2019	Sep. 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)				34,638
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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator:
Net income attributable to common shareholders	$ 54,040	$ 24,200	$ 106,148	$ 98,637
Less: Earnings allocated to unvested participating securities	(43)	(44)	(89)	(177)
Net income available for common shareholders - basic	53,997	24,156	106,059	98,460
OP and LTIP units	0	0	5,883	200
Net income available for common shareholders - dilutive	$ 53,997	$ 24,156	$ 111,942	$ 98,660
Denominator:
Weighted average common shares outstanding - basic (in shares)	121,087	113,890	119,259	113,769
Effect of dilutive securities:
Assumed conversion of OP and LTIP units (in shares)	0	0	7,128	237
Weighted average common shares outstanding - diluted (in shares)	121,183	114,156	126,489	114,236
Earnings per share available to common shareholders:
Earnings per common share - Basic (in dollars per share)	$ 0.45	$ 0.21	$ 0.89	$ 0.87
Earnings per common share - Diluted (in dollars per share)	$ 0.45	$ 0.21	$ 0.89	$ 0.86
Urban Edge Properties LP
Numerator:
Net income attributable to common shareholders	$ 56,702	$ 26,888	$ 112,683	$ 109,678
Less: Earnings allocated to unvested participating securities	(43)	(46)	(89)	(190)
Net income available for common shareholders - basic	$ 56,659	$ 26,842	$ 112,594	$ 109,488
Denominator:
Weighted average common shares outstanding - basic (in shares)	126,277	126,208	126,387	126,170
Effect of dilutive securities:
Stock options using treasure stock method and restricted stock awards (in shares)	96	267	102	229
Assumed conversion of OP and LTIP units (in shares)	0	218	1	237
Weighted average common shares outstanding - diluted (in shares)	126,373	126,693	126,490	126,636
Earnings per share available to common shareholders:
Earnings per common share - Basic (in dollars per share)	$ 0.45	$ 0.21	$ 0.89	$ 0.87
Earnings per common share - Diluted (in dollars per share)	$ 0.45	$ 0.21	$ 0.89	$ 0.86
Stock option expense
Effect of dilutive securities:
Stock options using treasure stock method and restricted stock awards (in shares)	0	78	0	36
Restricted share expense
Effect of dilutive securities:
Stock options using treasure stock method and restricted stock awards (in shares)	96	188	102	194

Uncategorized Items - ue-930201

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)