Business Context and Reporting Period
Company: Urban Edge Properties (Registrant) and Urban Edge Properties LP (Operating Partnership).
Filing Type: Form 8-K (Current Report).
Date of Report: August 5, 2016.
Context: The filing discloses the consolidated and combined financial statements and Management's Discussion and Analysis (MD&A) for the Operating Partnership for the years ended December 31, 2015, 2014, and 2013. As of December 31, 2015, the Company held a 94.2% interest in the Operating Partnership, with limited partners owning the remaining 5.8%.
Key Financial Metrics
The text of this Form 8-K serves as a cover document referencing exhibits containing the detailed financial data. It does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity within the body of the report. These metrics are located in Exhibit 99.1 (Financial Statements) and Exhibit 99.2 (MD&A), which are incorporated by reference.
Material Changes
The filing text does not provide specific details on material changes versus prior periods. It only indicates that the financial statements and MD&A covering the years 2013 through 2015 are available as exhibits.
Guidance, Outlook, and Risks
This filing does not contain management commentary, forward-looking guidance, specific risk factors, or disclosures of unusual items. Such information is contained within the referenced Exhibit 99.2 (MD&A).
Investor Verification Checklist
- Review Exhibit 99.1 for the specific revenue, net income, and debt figures for the years ended December 31, 2013, 2014, and 2015.
- Examine Exhibit 99.2 for the Management's Discussion and Analysis to understand operational trends and liquidity positions.
- Verify the ownership structure of the Operating Partnership (94.2% Company interest vs. 5.8% limited partner interest) as of December 31, 2015.
- Confirm that the financial statements are consolidated and combined as stated in the exhibit descriptions.