Business Context and Reporting Period
This Form 8-K was filed by Urban Edge Properties and Urban Edge Properties LP on March 30, 2018. The filing serves as a Regulation FD disclosure to make the Chairman and Chief Executive Officer's annual letter to shareholders available to the public. The letter covers the fiscal year ended December 31, 2017.
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 Exhibit 99.1 (the CEO's annual letter), which is incorporated by reference but not detailed in the body of this 8-K report.
Material Changes
No material changes to financial results or operations are explicitly detailed in the text of this filing. The document functions solely as a vehicle to distribute the annual letter referenced above.
Guidance, Outlook, and Risks
The filing includes a comprehensive "Forward-Looking Statements" section. Management notes that future results may differ materially from expectations due to various risks and uncertainties. Key factors identified include:
- The ability to complete active development, redevelopment, and anchor repositioning projects.
- The ability to pursue, finance, and complete acquisition opportunities.
- The ability to engage in projects within the planned expansion and redevelopment pipeline.
- The ability to achieve estimated unleveraged returns for such projects and acquisitions.
Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of the materials.
Investor Verification Checklist
- Review Exhibit 99.1 (Chairman and CEO's annual letter) for specific financial performance data for the year ended December 31, 2017.
- Consult the Company's Annual Report on Form 10-K for the year ended December 31, 2017, for a detailed discussion of risk factors.
- Verify the status of the Company's active development and redevelopment pipeline projects mentioned in the forward-looking statements.