Urban Edge Properties Announces Tax Treatment of 2024 Dividend Distributions

NEW YORK--(BUSINESS WIRE)--January 14, 2025-- 

Urban Edge Properties (NYSE: UE) announced today the tax treatment of the 2024 dividend distributions on shares of its common stock.

The federal income tax characteristics of the 2024 distributions paid with respect to Urban Edge Properties common stock (CUSIP #91704F104 and traded under ticker symbol UE) are as follows:

 
                                             Distribution Type -- Per share 
                                          ------------------------------------ 
                            Distribution  Ordinary    Long Term 
                Payment      Amount per    Taxable     Capital     Return of 
Record Date      Date          share      Income(1)  Gains(2)(3)    Capital 
-----------   -----------   ------------  ---------  -----------  ------------ 
 3/15/2024      3/29/2024     $0.170000    $0.153898   $0.016102    $0.000000 
 6/14/2024      6/28/2024     $0.170000    $0.153898   $0.016102    $0.000000 
 9/13/2024      9/30/2024     $0.170000    $0.153898   $0.016102    $0.000000 
 12/13/2024     12/31/2024    $0.170000    $0.153898   $0.016102    $0.000000 
                             ------------  ---------  -----------  ------------ 
  2024 Totals                $0.680000    $0.615592   $0.064408    $0.000000 
                            ============  =========  ===========  ============ 
 
 
(1)   The 2024 Taxable Ordinary Dividends are treated as "qualified REIT 
      dividends" for purposes of Internal Revenue Code section 199A. 
(2)   Of the $0.064408 reported as long-term capital gains, the amount that is 
      an unrecaptured 1250 gain is $0.040472. 
(3)   The long-term capital gains are entirely related to Section 1231 gains 
      and are accordingly excluded from the REIT's disclosure of its one-year 
      and three-year amounts required by Treasury Regulation --1.1061-6(c). 
 

Shareholders are advised to consult their tax advisor about the specific tax treatment of Urban Edge's 2024 dividends.

ABOUT URBAN EDGE PROPERTIES

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 75 properties totaling 17.4 million square feet of gross leasable area.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250114965583/en/

 
    CONTACT:    Urban Edge Properties 

Mark Langer, EVP and Chief Financial Officer

212-956-2556

(END) Dow Jones Newswires

January 14, 2025 16:15 ET (21:15 GMT)