Business Context and Reporting Period
This Form 8-K was filed by Urban Edge Properties and Urban Edge Properties LP on March 28, 2019. The filing serves as a Regulation FD disclosure to make the Chairman and Chief Executive Officer's annual letter to shareholders for the fiscal year ended December 31, 2018, available to investors.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the attached annual letter (Exhibit 99.1) but are not detailed in the body of this 8-K report.
Material Changes
No material financial changes or operational updates are quantified in this filing. The document solely announces the release of the annual shareholder letter.
Guidance, Outlook, and Risks
The filing includes a standard forward-looking statements disclaimer. Management notes that future results may differ materially from expectations due to various risks, including:
- Ability to complete active development, redevelopment, and anchor repositioning projects.
- Ability to pursue, finance, and complete acquisition opportunities.
- Ability to achieve estimated unleveraged returns for projects and acquisitions.
- Estimated remediation and repair costs related to natural disasters.
- Potential loss of or bankruptcy of a major tenant.
Investors are directed to the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2018, for a comprehensive discussion of these factors.
Investor Verification Checklist
- Review Exhibit 99.1 (Chairman and CEO Annual Letter) for specific 2018 financial results and strategic commentary.
- Consult the Form 10-K for the year ended December 31, 2018, for detailed risk factors and audited financial statements.
- Verify the status of active development and redevelopment projects mentioned in the forward-looking statements.
- Assess the impact of any natural disaster remediation costs on future capital requirements.