Urban Edge Properties is a publicly traded real estate investment trust that owns and operates a portfolio of shopping centers in high-density, supply-constrained markets. The company trades on the New York Stock Exchange under the ticker symbol UE. Urban Edge was spun off from Vornado Realty Trust in January 2015 and operates as a Maryland REIT focused on acquiring, owning, redeveloping, and managing retail real estate primarily in the Washington, D.C. to Boston corridor. The company owns 73 properties totaling 17.2 million square feet of gross leasable area, with 80% of the portfolio classified as grocery-anchored assets. 90% of the portfolio NOI is generated from properties along the D.C. to Boston corridor, which benefits from population density twice the peer average. The portfolio is heavily concentrated in first-ring New York City suburbs, representing 70% of portfolio value. Properties are located in submarkets with a 3-mile median household income of $95,000 and a 3-mile population density of 210,000. Urban Edge also maintains a presence in Puerto Rico and select markets in Massachusetts. The company employs a capital recycling strategy, disposing of non-core assets and redeploying proceeds into higher-quality acquisitions and redevelopment projects. Key properties include Bergen Town Center in Paramus, New Jersey, and various shopping centers in the Bronx, Brooklyn, Queens, Maryland, and Virginia. The REIT focuses on necessity-based retail tenancy, including grocery stores, discount retailers, and service-oriented businesses.