Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
|
Financial report summary
?Risks
- Inflation and related volatility in the economy could negatively impact our results of operations and our tenants.
- Actual or perceived threats associated with epidemics, pandemics or other public health crises have had, and could have in the future, a material adverse effect on our and our tenants’ businesses, financial condition, results of operations, cash flow, liquidity, and ability to access the capital markets and satisfy debt service obligations.
- E-commerce may have an adverse impact on our tenants and our business.
- Retail real estate is a competitive business.
- We depend on leasing space to tenants on economically favorable terms and on collecting rent from tenants who ultimately may not be able to pay.
- We may be unable to renew leases or relet space as leases expire on terms comparable to prior leases or at all.
- Bankruptcy or insolvency of tenants may decrease our revenues, net income and available cash.
- A significant number of our properties are located in the New York metropolitan area and are affected by the economic cycles there.
- Some of our properties depend on anchor or major tenants and decisions made by these tenants, or adverse developments in the businesses of these tenants, could materially and adversely affect our business, results of operations and financial condition.
- Development and redevelopment activities have inherent risks, which could adversely impact our cash flow, financial condition and results of operations.
- We face significant competition for acquisitions of properties, which may reduce the number of acquisition opportunities available to us and increase the costs of these acquisitions.
- Our operating results at acquired properties may not meet our financial expectations.
- It may be difficult to dispose of real estate quickly, which may limit our flexibility.
- Many real estate costs are fixed, even if income from our properties decreases.
- A number of properties in our portfolio are subject to ground or building leases; if we are found to be in breach of a ground or building lease or are unable to renew a ground or building lease, we could be materially and adversely affected.
- Our assets may be subject to impairment charges.
- Risks related to our outstanding debt.
- Covenants in our existing financing agreements may restrict our operating, financing, redevelopment, development, acquisition and other activities.
- Defaults on secured indebtedness may result in foreclosure.
- We may not be able to obtain capital to make investments.
- Risks related to our properties in Puerto Rico.
- Natural disasters could have a concentrated impact on us.
- Some of our potential losses may not be covered by insurance.
- Terrorist acts and shooting incidents could harm the demand for, and the value of, our properties.
- Our business and operations would suffer in the event of system failures.
- We face risks associated with security and cyber security breaches.
- We may incur significant costs to comply with environmental laws and environmental contamination may impair our ability to lease and/or sell real estate.
- Increased scrutiny and changing expectations from investors, customers, employees, and others regarding our environmental, social and governance practices and reporting could cause us to incur additional costs, devote additional resources and expose us to additional risks, which could adversely impact our reputation, customer acquisition and retention, access to capital and employee retention.
- Compliance or failure to comply with the Americans with Disabilities Act, safety regulations or other requirements could result in substantial costs.
- We may fail to qualify or remain qualified as a REIT and may be required to pay income taxes at corporate rates.
- REIT distribution requirements could adversely affect our liquidity and our ability to execute our business plan.
- Risks related to Section 1031 Exchanges.
- We face possible adverse changes in tax law.
- Our Declaration of Trust sets limits on the ownership of our shares.
- Our Declaration of Trust limits the removal of members of the Board of Trustees.
- Maryland law contains provisions that may reduce the likelihood of certain takeover transactions.
- We may issue additional shares in a manner that could adversely affect the likelihood of certain takeover transactions.
- The market prices and trading volume of our equity securities may be volatile.
- We cannot guarantee the timing, amount, or payment of dividends on our common shares.
- Your percentage of ownership in our Company may be diluted in the future.
- Inflation and related volatility in the economy could negatively impact the value of our publicly-traded equity securities.
Management Discussion
- ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
- This section of this Annual Report on Form 10-K generally discusses 2023 and 2022 items and provides a year-to-year comparison between 2023 and 2022. A discussion of 2021 items and year-to-year comparisons between 2022 and 2021 are not included in this Annual Report on Form 10-K but can be found in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022.
- Urban Edge Properties (“UE”, “Urban Edge”, or the “Company”) (NYSE: UE) is a Maryland real estate investment trust that owns, manages, acquires, develops, and redevelops retail real estate, primarily in the Washington, D.C. to Boston corridor. Urban Edge Properties LP (“UELP” or the “Operating Partnership”) is a Delaware limited partnership formed to serve as UE’s majority-owned partnership subsidiary and to own, through affiliates, all of our real estate properties and other assets. Unless the context otherwise requires, references to “we”, “us” and “our” refer to Urban Edge Properties and UELP and their consolidated entities/subsidiaries.