What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2026-02-11 compared with 2025-02-12 · 40 added, 45 removed, 149 unchanged (36% of the section changed)

13 unchanged sentences

Walnut Creek (Olympic) 31,000 100.0% 80.50 Anthropologie

Newington Commons 189,000 90.0% 9.50 Walmart, Staples

Goucher Commons 155,000 92.5% 26.61 Sprouts, HomeGoods, Five Below, Ulta, Kirkland's, DSW, Golf Galaxy

Newington Commons 189,000 90.0% 10.52 Walmart, Bob's Discount Furniture

Goucher Commons 155,000 100.0% 26.53 Sprouts, HomeGoods, Five Below, Ulta, Kirkland's, DSW, Golf Galaxy, La-Z-Boy

Rockville Town Center 98,000 100.0% 13.37 Regal Entertainment Group

The Village at Waugh Chapel (5)

382,000 97.9% 24.09 Safeway, LA Fitness, Marshalls, Home Goods, T.J.

382,000 95.7% 24.62 Safeway, Marshalls, HomeGoods, T.J.

Maxx, LA Fitness

Wheaton (leased through 2060) (3)

2 unchanged sentences

Massachusetts:

Brighton Mills (5)

91,000 100.0% 26.50 Star Market, Petco

Cambridge (leased through 2033) (3)

48,000 100.0% 28.58 PetSmart, Central Rock Gym

Gateway Center (5)

640,000 100.0% 9.72 Costco, Target, Home Depot, Total Wine

Shoppers World (5)

752,000 99.8% 22.50 T.J.

Maxx, Marshalls, Home Sense, Sierra Trading, Public Lands, Golf Galaxy, Nordstrom Rack, Hobby Lobby, AMC, Kohl's, Best Buy

Gateway Center 640,000 99.6% 9.66 Costco, Target, Home Depot, Total Wine, Boot Barn (lease not commenced)

Shoppers World 754,000 100.0% 23.07 T.J.

Maxx, Marshalls, HomeSense, Sierra Trading, Public Lands, Golf Galaxy, Nordstrom Rack, Hobby Lobby, AMC, Kohl's, Best Buy

The Shops at Riverwood 79,000 100.0% 27.45 Price Rite, Planet Fitness, Goodwill

Wonderland Marketplace 140,000 100.0% 14.22 Big Lots, Planet Fitness, Marshalls, Get Air

Wonderland Marketplace 140,000 100.0% 14.44 Planet Fitness, Marshalls, Burlington, Get Air

Manchester Plaza 131,000 100.0% 12.18 Pan-Asia Market, Academy Sports, Bob's Discount Furniture

3 unchanged sentences

Bergen Town Center - East (5)

253,000 92.1% 22.56 Lowe's, Best Buy, REI

Bergen Town Center - West 1,018,000 95.5% 33.58 Target, Whole Foods Market, Burlington, Marshalls, Nordstrom Rack, Saks Off 5th, HomeGoods, H&M, Bloomingdale's Outlet, Nike Factory Store, Old Navy, Kohl's, World Market (lease not commenced)

209,000 100.0% 20.40 Lowe's, Best Buy

Bergen Town Center - West 1,011,000 97.3% 34.30 Target, Whole Foods Market, Burlington, Marshalls, Nordstrom Rack, Saks Off 5th, HomeGoods, H&M, Bloomingdale's Outlet, Nike Factory Store, Old Navy, Kohl's, World Market

Briarcliff Commons 180,000 100.0% 25.13 Uncle Giuseppe's, Kohl's

8 unchanged sentences

Hackensack Commons 275,000 100.0% 26.53 The Home Depot, 99 Ranch, Staples, Petco

Hanover Commons 343,000 100.0% 23.30 The Home Depot, Dick's Sporting Goods, Saks Off Fifth, Marshalls

Heritage Square (5)

87,000 100.0% 31.19 HomeSense, Sierra Trading Post, Ulta

Hanover Commons 343,000 100.0% 24.00 The Home Depot, Dick's Sporting Goods, Saks Off 5th, Marshalls

Heritage Square 87,000 100.0% 31.74 HomeSense, Sierra Trading Post, Ulta

Hudson Commons 236,000 96.1% 14.88 Lowe's, P.C.

Richard & Son

Hudson Mall 381,000 73.5% 17.57 Marshalls, Big Lots, Retro Fitness, Staples, Old Navy

Richard & Son, Boot Barn

Hudson Mall 359,000 80.8% 21.18 Marshalls, Retro Fitness, Staples, Old Navy, Burlington (lease not commenced), national off-price retailer (lease not commenced)

Kearny Commons 123,000 100.0% 25.53 LA Fitness, Marshalls, Ulta

Kennedy Commons 62,000 100.0% 15.67 Food Bazaar

Ledgewood Commons 447,000 80.0% 17.30 Walmart, Ashley Furniture, Barnes & Noble, Burlington, DSW, Marshalls, Old Navy, Ulta

Lodi Commons 43,000 96.3% 23.23 Dollar Tree

Ledgewood Commons (5)

447,000 99.3% 15.30 Walmart, Ashley Furniture, At Home, Barnes & Noble, Burlington, DSW, Marshalls, Old Navy, Ulta

Manalapan Commons 200,000 93.7% 23.44 Best Buy, Raymour & Flanigan, PetSmart, Avalon Flooring, Atlantic Health (lease not commenced), Nordstrom Rack (lease not commenced)

Manalapan Commons 194,000 99.0% 23.77 Best Buy, Raymour & Flanigan, PetSmart, Avalon Flooring, Atlantic Health, Nordstrom Rack

Marlton Commons 224,000 100.0% 19.32 ShopRite, Kohl's, PetSmart

Millburn 104,000 89.5% 29.93 Trader Joe's, CVS, PetSmart

Millburn Gateway Center 104,000 92.2% 32.22 Trader Joe's, CVS, PetSmart

Montclair 18,000 100.0% 35.20 Whole Foods Market

1 unchanged sentence

63,000 100.0% 49.97 24 Hour Fitness

Plaza at Cherry Hill 417,000 80.7% 13.86 Aldi, Total Wine, LA Fitness, Raymour & Flanigan, Guitar Center, Sam Ash Music

Plaza at Woodbridge 293,000 96.7% 21.54 Best Buy, Raymour & Flanigan, Lincoln Tech, UFC Gym, national grocer (lease not commenced)

Plaza at Cherry Hill 414,000 67.3% 16.28 Aldi, Total Wine, LA Fitness, Raymour & Flanigan, Guitar Center

Plaza at Woodbridge 294,000 97.1% 21.92 Best Buy, Raymour & Flanigan, Lincoln Tech, UFC Gym, Trader Joe's, national off-price retailer (lease not commenced)

Rockaway River Commons 189,000 100.0% 15.88 ShopRite, T.J.

4 unchanged sentences

Tonnelle Commons 410,000 100.0% 23.47 BJ's Wholesale Club, Walmart, PetSmart

Totowa Commons 272,000 100.0% 21.49 The Home Depot, Staples, Tesla (lease not commenced), Lidl (lease not commenced), Boot Barn (lease not commenced)

Totowa Commons 272,000 100.0% 22.58 The Home Depot, Staples, Tesla, Lidl (lease not commenced), Boot Barn (lease not commenced)

Town Brook Commons 232,000 87.0% 14.94 Stop & Shop, Kohl's

2 unchanged sentences

Woodbridge Commons 225,000 100.0% 14.38 Walmart, Dollar Tree, Advance Auto Parts

Amherst Commons 311,000 98.1% 11.35 BJ's Wholesale Club, Burlington, LA Fitness, Bob's Discount Furniture, Ross (lease not commenced)

Amherst Commons 311,000 98.1% 11.35 BJ's Wholesale Club, Burlington, LA Fitness, Ross Dress for Less, Bob's Discount Furniture

Bruckner Commons (5)

335,000 82.0% 43.76 ShopRite, Burlington, BJ's Wholesale Club (lease not commenced)

Shops at Bruckner (5)

113,000 100.0% 39.72 Aldi, Marshalls, Five Below, Old Navy

335,000 90.2% 42.18 ShopRite, Burlington, BJ's Wholesale Club (lease not commenced), national off-price retailer (lease not commenced)

Burnside Commons 100,000 90.2% 18.55 Bingo Wholesale

7 unchanged sentences

Huntington Commons 208,000 99.7% 23.01 ShopRite, Marshalls, Old Navy, Petco, Burlington

Kingswood Crossing 107,000 84.4% 47.58 Target, Marshalls, Maimonides Medical, Visiting Nurse Services

Kingswood Crossing 108,000 100.0% 48.15 Target, Marshalls, Maimonides Medical, Visiting Nurse Services, Emblem Health

Meadowbrook Commons (leased through 2040) (3)

3 unchanged sentences

101,000 100.0% 23.41 Stop & Shop

Shops at Bruckner (5)

113,000 100.0% 40.01 Aldi, Marshalls, Five Below, Old Navy

Yonkers Gateway

448,000 95.5% 20.55 Burlington, Marshalls, HomeSense, Best Buy, DSW, PetSmart, Alamo Drafthouse Cinema, Wren Kitchens

448,000 98.6% 22.09 Burlington, Marshalls, HomeSense, Best Buy, DSW, PetSmart, Alamo Drafthouse Cinema, Wren Kitchens, national grocer (lease not commenced)

Pennsylvania:

2 unchanged sentences

Lincoln Plaza 228,000 100.0% 5.67 Lowe's, Community Aid, Mattress Firm

MacDade Commons 102,000 100.0% 13.00 Walmart

Marten Commons 185,000 100.0% 15.98 Kohl's, Ross Dress for Less, Staples, Petco

Springfield (leased through 2025) (3)

41,000 100.0% 25.29 PetSmart

Wilkes-Barre Commons 184,000 100.0% 13.34 Bob's Discount Furniture, Ross Dress for Less, Marshalls, Petco, Wren Kitchen

Wilkes-Barre Commons 184,000 100.0% 13.55 Bob's Discount Furniture, Ross Dress for Less, Marshalls, Petco, Wren Kitchens

Wyomissing (leased through 2065) (3)

5 unchanged sentences

114,000 100.0% 8.56 BJ's Wholesale Club

Shops at Caguas 356,000 96.6% 33.46 Sector Sixty6, Forever 21, Old Navy

Shops at Caguas 356,000 96.9% 33.07 Sector Sixty6, Old Navy, Foot Locker

The Outlets at Montehiedra (5)

531,000 97.1% 24.21 The Home Depot, Marshalls, Caribbean Cinemas, Old Navy, Ralph's Food Warehouse, T.J.

Maxx, Burlington (lease not commenced)

538,000 96.9% 24.37 Ralph's Food Warehouse, The Home Depot, Marshalls, Caribbean Cinemas, Old Navy, T.J.

Maxx, Burlington

Total Retail Portfolio 15,894,000 96.7% $21.50

Sunrise Mall (4)(5)(6)

1,228,000 25.6% 7.35 Macy's, Dick's Sporting Goods

1,228,000 5.1% 20.27 Dick's Sporting Goods

Total Urban Edge Properties 17,122,000 90.1% $21.50

10 unchanged sentences

(6) A portion of the property is under a ground lease through 2069.

(7) A portion of the property is classified as held for sale as of December 31, 2024.

As of December 31, 2025, we had approximately 1,100 leases.

3 unchanged sentences

Percentage rents accounted for approximately 1% of our total revenues for the year ended December 31, 2025.

The following table sets forth the consolidated retail portfolio leased occupancy rate (excluding industrial and self-storage space), square footage and weighted average annual base rent per square foot of properties in our retail portfolio as of December 31 for the last five years:

The following table sets forth the consolidated retail portfolio leased occupancy rate (excluding industrial, self-storage space and Sunrise Mall), square footage and weighted average annual base rent per square foot of properties in our retail portfolio as of December 31 for the last five years:

2025 2024 (1)

Total square feet 15,894,000 16,064,000 15,522,000 14,495,000 14,469,000

1 unchanged sentence

Average annual base rent per sf $21.50 $20.79 $19.93 $19.89 $19.70

(1) Excludes Sunrise Mall for the years ended December 31, 2024, 2023, 2022, and 2021 and excludes Kingswood Center for the year ended December 31, 2023.

(1) Excludes Kingswood Center for the year ended December 31, 2023.

In June 2024, Kingswood Center was foreclosed on, and the lender took possession of the property.

12 unchanged sentences

Walmart 5 780,788 4.6% 17,531 3.7%

Kohl’s 9 855,561 4.9% 15,261 3.4%

Best Buy 9 409,641 2.4% 15,069 3.4%

Lowe’s Companies 6 976,415 5.7% 14,564 3.1%

The Home Depot 5 538,742 3.1% 13,200 3.0%

Burlington 11 532,514 3.1% 14,122 3.0%

PetSmart 12 278,451 1.6% 11,390 2.6%

Kohl’s 9 855,561 5.0% 14,024 3.0%

The Home Depot 5 538,742 3.1% 13,891 2.9%

Best Buy 9 412,305 2.4% 12,718 2.7%

ShopRite 5 361,053 2.1% 9,892 2.1%

BJ’s Wholesale Club 4 454,297 2.7% 9,519 2.0%

PetSmart 11 237,034 1.4% 8,969 1.9%

(1) Based on contractual revenues as determined by the tenants’ operating lease agreements.

24 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties