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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUE      
Property rentals $ 411,298 $ 365,082 $ 321,719
Total revenue 414,160 407,042 325,976
EXPENSES      
Depreciation and amortization 99,422 82,281 56,145
Real estate taxes 63,655 59,737 51,429
Property operating 74,222 50,894 45,280
General and administrative 34,984 30,691 28,843
Casualty and impairment loss (gain), net 4,426 7,382 0
Ground rent 11,448 10,848 10,047
Provision for doubtful accounts 4,138 3,445 1,214
Total expenses 292,295 245,278 192,958
Operating income 121,865 161,764 133,018
Gain on sale of real estate 52,625 202 15,618
Interest income 8,336 2,248 679
Interest and debt expense (64,868) (56,218) (51,881)
Gain (loss) on extinguishment of debt 2,524 (35,336) 0
Income before income taxes 120,482 72,660 97,434
Income tax expense (3,519) 278 (804)
Net income 116,963 72,938 96,630
Less net income attributable to noncontrolling interests in:      
Operating partnership (11,768) (5,824) (5,812)
Consolidated subsidiaries (45) (44) (3)
Net income (loss) attributable to common shareholders $ 105,150 $ 67,070 $ 90,815
Earnings per common share - Basic (in dollars per share) $ 0.92 $ 0.62 $ 0.91
Earnings per common share - Diluted (in dollars per share) $ 0.92 $ 0.61 $ 0.91
Weighted average shares outstanding - Basic (in shares) 113,863 107,132 99,364
Weighted average shares outstanding - Diluted (in shares) 114,051 118,390 99,794
Management and development fees      
REVENUE      
Revenues from contract with customer $ 1,469 $ 1,535 $ 1,759
Income from acquired leasehold interest      
REVENUE      
Revenues from contract with customer 0 39,215 0
Other income      
REVENUE      
Revenues from contract with customer 1,393 1,210 2,498
Urban Edge Properties LP      
REVENUE      
Property rentals 411,298 365,082 321,719
Total revenue 414,160 407,042 325,976
EXPENSES      
Depreciation and amortization 99,422 82,281 56,145
Real estate taxes 63,655 59,737 51,429
Property operating 74,222 50,894 45,280
General and administrative 34,984 30,691 28,843
Casualty and impairment loss (gain), net 4,426 7,382 0
Ground rent 11,448 10,848 10,047
Provision for doubtful accounts 4,138 3,445 1,214
Total expenses 292,295 245,278 192,958
Operating income 121,865 161,764 133,018
Gain on sale of real estate 52,625 202 15,618
Interest income 8,336 2,248 679
Interest and debt expense (64,868) (56,218) (51,881)
Gain (loss) on extinguishment of debt 2,524 (35,336) 0
Income before income taxes 120,482 72,660 97,434
Income tax expense (3,519) 278 (804)
Net income 116,963 72,938 96,630
Less net income attributable to noncontrolling interests in:      
Consolidated subsidiaries (45) (44) (3)
Net income (loss) attributable to common shareholders $ 116,918 $ 72,894 $ 96,627
Earnings per common share - Basic (in dollars per share) $ 0.92 $ 0.62 $ 0.91
Earnings per common share - Diluted (in dollars per share) $ 0.92 $ 0.61 $ 0.91
Weighted average shares outstanding - Basic (in shares) 126,198 117,779 105,455
Weighted average shares outstanding - Diluted (in shares) 126,386 118,390 106,099
Urban Edge Properties LP | Management and development fees      
REVENUE      
Revenues from contract with customer $ 1,469 $ 1,535 $ 1,759
Urban Edge Properties LP | Income from acquired leasehold interest      
REVENUE      
Revenues from contract with customer 0 39,215 0
Urban Edge Properties LP | Other income      
REVENUE      
Revenues from contract with customer $ 1,393 $ 1,210 $ 2,498