Urban Edge Properties Announces Tax Treatment of 2020 Dividend Distributions

Rhea-AI Summary

Urban Edge Properties (NYSE: UE) provided details on the tax treatment of its 2020 dividend distributions. The company announced a total distribution of $0.68 per share for 2020, with the final payment made on January 19, 2021, for shareholders on record as of December 31, 2020. All distributions are classified as 'qualified REIT dividends' under Section 199A of the Internal Revenue Code. Investors are encouraged to consult tax advisors for personalized tax implications.

Positive

• Total distribution of $0.68 per share for 2020 demonstrates a consistent dividend payout, which can enhance shareholder income.

Negative

• None.

Urban Edge Properties (NYSE:UE) announced today the tax treatment of the 2020 dividend distributions on shares of its common stock.

The federal income tax characteristics of the 2020 distributions paid with respect to Urban Edge Properties common stock (CUSIP #91704F104) are as follows:

							Distribution Type – Per share
Record Date		Payment Date		Distribution Amount per share			Ordinary Taxable Income			Long Term Capital Gains			Return of Capital
3/16/2020		3/31/2020		$0.22			$0.22			$0.00			$0.00
12/31/2020		1/19/2021		$0.46			$0.46			$0.00			$0.00
		2020 Totals		$0.68			$0.68			$0.00			$0.00

The fourth quarter 2020 dividend paid by the Company on January 19, 2021, to shareholders of record as of December 31, 2020, was treated as paid in 2020 for income tax purposes. All 2020 taxable ordinary dividends are treated as "qualified REIT dividends" for purposes of Internal Revenue Code section 199A.

Shareholders are advised to consult their tax advisor about the specific tax treatment of Urban Edge’s 2020 dividends.

ABOUT URBAN EDGE PROPERTIES

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 79 properties totaling 16.3 million square feet of gross leasable area.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210119005223/en/

FAQ

What is the total dividend distribution for Urban Edge Properties in 2020?

The total dividend distribution for Urban Edge Properties in 2020 is $0.68 per share.

When was the final dividend payment made for Urban Edge Properties in 2020?

The final dividend payment was made on January 19, 2021.

What is the tax treatment of Urban Edge Properties' 2020 dividends?

All 2020 taxable ordinary dividends are treated as 'qualified REIT dividends' under Section 199A.

What is the record date for Urban Edge Properties' 2020 dividend?

The record date for Urban Edge Properties' 2020 dividend was December 31, 2020.

Should shareholders consult a tax advisor regarding the 2020 dividends?

Yes, shareholders are advised to consult their tax advisor about the specific tax treatment of the dividends.