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Stock impact report

Urban Edge Properties Reports First Quarter 2020 Results

Urban Edge Properties Common Shares of Beneficial Interest (UE) 
Last urban edge properties common shares of beneficial interest earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.uedge.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Urban Edge Properties (NYSE: UE) (the "Company") today announced its results for the quarter ended March 31, 2020."As the situation related to the COVID-19 pandemic continues to rapidly evolve, our focus remains on the health and safety of our employees, our tenants, the communities in which we operate, and UE’s stakeholders,” said Jeff Olson, Chairman and Chief Executive Officer. “We thank everyone who is on the frontlines and performing essential work during this challenging time. We also appreciate the outstanding dedication and effort of our entire team in all they are doing, both for UE and for our local communities.""Looking ahead, our strong balance sheet, significant liquidity of $1 billion and low leverage structure consisting of single asset, non-recourse mortgages on only 32 of our 78 properties position us well to weather the disruption in our sector. We have a strong and diversified tenant base that is anchored by high-volume, value and esse Show less Read more
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