Urban Edge Properties Announces Tax Treatment of 2022 Dividend Distributions

Rhea-AI Summary

Urban Edge Properties (NYSE: UE) announced the federal income tax treatment of its 2022 dividend distributions, totaling $0.64 per share. Key dates include the record date of March 15, 2022 and the payment date of March 31, 2022, with similar distributions occurring quarterly. All distributions are considered ordinary taxable income. Shareholders are encouraged to consult tax advisors for specific implications. Urban Edge operates within the retail real estate sector, focused on urban communities and managing 76 properties.

Positive

• Total dividends for 2022 amount to $0.64 per share.
• Dividends are treated as qualified REIT dividends, beneficial for tax purposes.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Urban Edge Properties (NYSE: UE) announced today the tax treatment of the 2022 dividend distributions on shares of its common stock.

The federal income tax characteristics of the 2022 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
3/15/2022	3/31/2022	$0.16		$0.16	$0.00	$0.00
6/15/2022	6/30/2022	$0.16		$0.16	$0.00	$0.00
9/15/2022	9/30/2022	$0.16		$0.16	$0.00	$0.00
12/15/2022	12/30/2022	$0.16		$0.16	$0.00	$0.00
	2022 Totals	$0.64		$0.64	$0.00	$0.00

(1)

The 2022 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 2022 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 Washington, D.C. to Boston corridor. Urban Edge owns 76 properties totaling 17.2 million square feet of gross leasable area.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230112005750/en/

Urban Edge Properties

Mark Langer, EVP and

Chief Financial Officer

212-956-2556

Source: Urban Edge Properties

FAQ

What is the dividend distribution amount for Urban Edge Properties in 2022?

The total dividend distribution amount for Urban Edge Properties in 2022 is $0.64 per share.

What are the key dates for Urban Edge's dividend payments in 2022?

The record date for dividends was March 15, 2022, and the payment dates were March 31, June 30, September 30, and December 30, 2022.

How are Urban Edge Properties' 2022 dividends taxed?

The 2022 dividends are treated as ordinary taxable income and classified as qualified REIT dividends under Internal Revenue Code section 199A.

Are Urban Edge Properties' dividends sustainable?

The press release does not provide information on the sustainability of Urban Edge Properties' dividends.