Urban Edge Properties Announces Tax Treatment of 2021 Dividend Distributions

Rhea-AI Summary

Urban Edge Properties (NYSE: UE) announced the tax treatment for its 2021 dividend distributions, totaling $0.60 per share. The dividends are categorized as ordinary taxable income, which qualifies as "qualified REIT dividends" under the Internal Revenue Code section 199A. Payments were made over four distributions throughout the year, with the first recorded on March 15, 2021, and the last on December 15, 2021. Shareholders are advised to consult tax advisors regarding these distributions.

Positive

• Total 2021 dividend amount of $0.60 per share.
• Dividends classified as qualified REIT dividends.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Urban Edge Properties (NYSE:UE) announced today the tax treatment of the 2021 dividend distributions on shares of its common stock.

The federal income tax characteristics of the 2021 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
Record Date	Payment Date	Distribution Amount per share		Ordinary Taxable Income(1)	Long Term Capital Gains	Return of Capital
3/15/2021	3/31/2021	$0.15		$0.15	$0.00	$0.00
6/15/2021	6/30/2021	$0.15		$0.15	$0.00	$0.00
9/15/2021	9/30/2021	$0.15		$0.15	$0.00	$0.00
12/15/2021	12/31/2021	$0.15		$0.15	$0.00	$0.00
	2021 Totals	$0.60		$0.60	$0.00	$0.00
The 2021 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 2021 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 75 properties totaling 17.0 million square feet of gross leasable area.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220118005074/en/

Mark Langer, EVP and Chief

Financial Officer

(212) 956-0082

Source: Urban Edge Properties

FAQ

What is the dividend payment schedule for Urban Edge Properties (UE) in 2021?

Urban Edge Properties made dividend payments on March 31, June 30, September 30, and December 31, 2021.

What was the total dividend amount for Urban Edge Properties (UE) in 2021?

The total dividend amount for 2021 was $0.60 per share.

How are the 2021 dividends for Urban Edge Properties (UE) taxed?

The 2021 dividends are treated as ordinary taxable income and qualify as qualified REIT dividends under the Internal Revenue Code section 199A.

When were the dividend distributions for Urban Edge Properties (UE) recorded?

The dividends were recorded on March 15, June 15, September 15, and December 15, 2021.