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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 76,364 $ 25,181
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42,682 42,645
Amortization of deferred financing costs 2,106 2,079
Amortization of below market leases, net (5,907) (6,070)
Straight-lining of rent (97) (68)
Share-based compensation expense 4,080 9,148
Gain on sale of real estate (15,618) 0
Non-cash separation costs paid by Vornado 0 17,403
Provision for doubtful accounts 994 1,139
Change in operating assets and liabilities:    
Tenant and other receivables (821) 922
Prepaid and other assets (4,578) (3,373)
Accounts payable and accrued expenses (1,368) 7,538
Other liabilities 1,345 3,308
Net cash provided by operating activities 99,182 99,852
CASH FLOWS FROM INVESTING ACTIVITIES    
Real estate additions (45,668) (24,643)
Acquisition of real estate (2,000) (3,125)
Proceeds from sale of operating properties 19,938 0
Decrease in cash held in escrow and restricted cash 1,390 135
Net cash used in investing activities (26,340) (27,633)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (34,008) (42,671)
Contributions from Vornado 0 (231,462)
Dividends paid to shareholders (59,390) (59,392)
Distributions to redeemable noncontrolling interests (3,711) (3,682)
Debt issuance costs 0 (3,198)
Taxes withheld for vested restricted shares (38) 0
Proceeds from issuance of common shares (5,020) 0
Net cash provided by (used in) financing activities (92,127) 122,519
Net (decrease) increase in cash and cash equivalents (19,285) 194,738
Cash and cash equivalents at beginning of period 168,983 2,600
Cash and cash equivalents at end of period 149,698 197,338
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest (includes amounts capitalized of $2,755 and $1,340, respectively) 38,503 39,912
Cash payments for income taxes 1,258 1,907
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Accrued capital expenditures included in accounts payable and accrued expenses 12,340 4,853
Write off of fully depreciated assets 958 4,495
Urban Edge Properties LP    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 76,364 25,181
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42,682 42,645
Amortization of deferred financing costs 2,106 2,079
Amortization of below market leases, net (5,907) (6,070)
Straight-lining of rent (97) (68)
Share-based compensation expense 4,080 9,148
Gain on sale of real estate (15,618) 0
Non-cash separation costs paid by Vornado 0 17,403
Provision for doubtful accounts 994 1,139
Change in operating assets and liabilities:    
Tenant and other receivables (821) 922
Prepaid and other assets (4,578) (3,373)
Accounts payable and accrued expenses (1,368) 7,538
Other liabilities 1,345 3,308
Net cash provided by operating activities 99,182 99,852
CASH FLOWS FROM INVESTING ACTIVITIES    
Real estate additions (45,668) (24,643)
Acquisition of real estate (2,000) (3,125)
Proceeds from sale of operating properties 19,938 0
Decrease in cash held in escrow and restricted cash 1,390 135
Net cash used in investing activities (26,340) (27,633)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (34,008) (42,671)
Contributions from Vornado 0 (231,462)
Distributions to partners (63,101) (63,074)
Debt issuance costs 0 (3,198)
Taxes withheld for vested restricted shares (38) 0
Proceeds from issuance of common shares (5,020) 0
Net cash provided by (used in) financing activities (92,127) 122,519
Net (decrease) increase in cash and cash equivalents (19,285) 194,738
Cash and cash equivalents at beginning of period 168,983 2,600
Cash and cash equivalents at end of period 149,698 197,338
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest (includes amounts capitalized of $2,755 and $1,340, respectively) 38,503 39,912
Cash payments for income taxes 1,258 1,907
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Accrued capital expenditures included in accounts payable and accrued expenses 12,340 4,853
Write off of fully depreciated assets $ 958 $ 4,495