SCHEDULE: FMR LLC & Abigail Johnson Boost Urban Edge Stake to 14.3%

FMR LLC and Abigail P. Johnson have reported an aggregate beneficial ownership of 14.3% of Urban Edge Properties' common stock as of September 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson collectively beneficially own 17,929,208.82 shares of Urban Edge Properties' common stock.
• This represents 14.3% of the total outstanding common stock of Urban Edge Properties.
• FMR LLC, a Delaware-organized parent holding company, holds sole voting power over 17,488,297.00 shares and sole dispositive power over 17,929,208.82 shares.
• Abigail P. Johnson, a U.S. citizen, holds sole dispositive power over 17,929,208.82 shares, with no sole or shared voting power directly.
• The filing is an Amendment No. 4 to a Schedule 13G, indicating an update to previously reported beneficial ownership.
• FMR LLC's beneficial ownership is held through various subsidiaries, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC.
• FIAM LLC and Fidelity Management & Research Company LLC are noted as beneficially owning 5% or greater of the outstanding shares.
• Abigail P. Johnson is the Director, Chairman, and CEO of FMR LLC and, through family ownership and a voting agreement, is part of a controlling group for FMR LLC.

Sentiment

Score: 7

Explanation: The filing indicates a significant and continued institutional investment by FMR LLC and Abigail P. Johnson in Urban Edge Properties, representing a substantial 14.3% stake. This level of ownership by a major asset manager generally signals confidence in the company's value and prospects, contributing to a positive sentiment for the issuer.

Positives

• A significant institutional investor, FMR LLC, and its principal, Abigail P. Johnson, maintaining a substantial 14.3% stake in Urban Edge Properties, signals confidence in the company's long-term prospects.
• The continued large ownership by a major asset manager like FMR LLC can provide stability to the shareholder base.

Negatives

• The filing itself does not contain information that would typically be classified as negative regarding the issuer's performance or outlook.

Risks

• The filing does not explicitly detail risks related to Urban Edge Properties. It is a disclosure of ownership, not a risk assessment.

Future Outlook

The filing is a disclosure of current beneficial ownership and does not contain explicit forward-looking statements or guidance regarding Urban Edge Properties' future performance or FMR LLC's future investment intentions beyond the current reporting period.

Management Comments

• To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This Schedule 13G filing indicates a significant passive investment by a major asset management firm, FMR LLC (Fidelity), in Urban Edge Properties, a real estate investment trust (REIT). Such a substantial stake (14.3%) by a prominent institutional investor is common in the REIT sector, where large funds often hold significant positions for long-term income and capital appreciation. It suggests that FMR LLC views Urban Edge Properties as a suitable investment within its managed portfolios, aligning with broader trends of institutional interest in stable, income-generating real estate assets.

Comparison to Industry Standards

• FMR LLC's 14.3% stake in Urban Edge Properties is a substantial position, indicating a high level of conviction in the company. For comparison, major institutional investors often hold significant, but typically less concentrated, positions across a diversified portfolio of REITs. For example, Vanguard Group or BlackRock might hold similar large aggregate stakes across many REITs, but individual positions might vary. This level of ownership by FMR LLC is notable and suggests a strategic allocation to Urban Edge Properties within their managed funds, potentially exceeding typical index-tracking allocations for a company of this size.

Corporate Governance

Stakeholder Impact

• Shareholders: The disclosure of a significant 14.3% stake held by FMR LLC and Abigail P. Johnson may be viewed positively, as it indicates strong institutional confidence in Urban Edge Properties, potentially bolstering investor sentiment and share price stability. It also provides transparency regarding a major shareholder.
• Management: Management of Urban Edge Properties gains clarity on a significant portion of its shareholder base, understanding that a large block of shares is held by a major, presumably long-term, institutional investor with a passive investment intent.
• Regulatory Bodies: The filing ensures compliance with SEC regulations regarding beneficial ownership disclosures, providing regulators with necessary information about significant holdings in publicly traded companies.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to monitor their investment in Urban Edge Properties and will file further amendments to Schedule 13G if their beneficial ownership percentage changes significantly (e.g., by more than 1% of the class) or if they change their investment intent from passive to active.

Key Dates

Recommendation

The filing is a routine disclosure of beneficial ownership by a major institutional investor, FMR LLC, and its principal, Abigail P. Johnson. While the 14.3% stake is substantial and indicates institutional confidence, the filing itself does not provide new operational or financial performance data for Urban Edge Properties that would warrant a change in investment thesis. It confirms a significant passive stake, which is generally a positive signal for stability, but does not present a catalyst for a 'buy' or 'sell' recommendation based solely on this disclosure. Investors should 'hold' and continue to evaluate Urban Edge Properties based on its fundamental performance, market conditions, and broader sector trends.

Keywords

Urban Edge Properties, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Real Estate, REIT, Investment Management