New Chief Operating Officer for Urban Edge Properties

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Urban Edge Properties ($NYSE:UE), a leading real estate investment trust, has announced the appointment of Jeffrey Mooallem as its new Chief Operating Officer. Mooallem, who succeeds Chris Weilminster, will assume his new role on January 9th. Mooallem has extensive experience in the real estate industry, having served as the President and CEO of Gazit Horizons, a U.S. real estate company. He was also a founding partner of Gazit Horizons.

In his new role at Urban Edge, Mooallem will be responsible for overseeing the company’s day-to-day operations and executing its growth strategy. This appointment comes at an exciting time for Urban Edge, as the company looks to capitalize on the strong demand for residential and commercial properties in the New York metropolitan area. With Mooallem at the helm, Urban Edge is well-positioned to continue its momentum and deliver value for its shareholders.

Share Price

On Wednesday, URBAN EDGE PROPERTIES stock opened at $13.6 and closed at $13.3, down by 3.2% from prior closing price of 13.8. The company has appointed a new Chief Operating Officer, who will be responsible for overseeing the company’s day-to-day operations.

VI Analysis

Urban Edge Properties is a publicly traded real estate investment trust based in New York City, focused on owning, operating and redeveloping retail real estate in urban communities. The company’s portfolio is primarily located in New York City and Boston, two of the most densely populated and highest barrier-to-entry markets in the United States. Urban Edge‘s properties are located in high-traffic, high-visibility retail corridors and neighborhood shopping centers.

The company’s strategy is to create long-term value by improving the quality and mix of its tenant base and enhancing its properties through redevelopment and repositioning. Urban Edge‘s common shares are listed on the New York Stock Exchange and trade under the symbol “UE”.

VI Peers

Urban Edge Properties is a publicly traded real estate investment trust that owns, operates, and develops retail real estate in the United States. The company’s portfolio of properties is located primarily in New York City, Boston, and Washington, D.C.

Urban Edge Properties’ competitors include Saul Centers Inc, Lippo Malls Indonesia Retail Trust, and One Liberty Properties Inc.

– Saul Centers Inc ($NYSE:BFS)

Saul Centers Inc is a real estate investment trust that owns, operates, and redevelops community shopping centers in the United States. The company’s market cap is $891.71 million as of 2022. Saul Centers was founded in 1968 and is headquartered in Bethesda, Maryland. The company’s portfolio includes 69 shopping centers and 27 office buildings.

– Lippo Malls Indonesia Retail Trust ($SGX:D5IU)

Lippo Malls Indonesia Retail Trust (LMIRT) is a real estate investment trust that focuses on investing in retail properties in Indonesia. LMIRT’s portfolio comprises of 19 shopping malls and 3 office buildings with a total net lettable area of approximately 1.4 million square meters. The trust is managed by Lippo Malls Indonesia Management Limited, a wholly-owned subsidiary of PT Lippo Malls Indonesia.

As of December 31, 2020, LMIRT had a total market capitalization of approximately S$230.9 million. The trust’s portfolio is diversified across various Indonesian cities, including Jakarta, Surabaya, and Bali. LMIRT’s properties are well-positioned in prime locations with strong catchment areas. The trust’s strategy is to generate stable and sustainable distributions to unitholders by focusing on operational excellence and active asset management.

– One Liberty Properties Inc ($NYSE:OLP)

One Liberty Properties, Inc. is a publicly traded real estate investment trust that owns, manages, acquires, finances and redevelops a geographically diversified portfolio of industrial, retail, restaurant, office, theater and other properties.

Summary

Investing in URBAN EDGE PROPERTIES can be a good way to get exposure to the real estate market without having to directly own property. As a publicly traded company, URBAN EDGE PROPERTIES offers investors the ability to buy and sell shares as they see fit. And because the company owns and operates a portfolio of commercial, retail, and residential properties, investors can get a diversified exposure to the real estate market through a single investment.