Investment Thesis
Urban Edge Properties (UE) is a shopping center real estate investment trust (aka REIT) focused on high-density, urban areas between Washington DC and Boston and especially the New York City metropolitan area. The quality of UE's properties, on average, are not as high as their quality locations would suggest, leaving numerous redevelopment opportunities open that should act as catalysts for funds from operations (aka FFO) growth.
UE's property portfolio is located in some of the densest populated areas of the country and boasts the second highest population density within a three-mile