Urban Edge Properties Announces Tax Treatment of 2022 Dividend Distributions

Urban Edge Properties (NYSE: UE) announced the federal income tax treatment of its 2022 dividend distributions, totaling $0.64 per share.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

dividends

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

01/12/2023 - 04:15 PM EST

NEW YORK--(BUSINESS WIRE)-- Urban Edge Properties (NYSE: UE) announced today the tax treatment of the 2022 dividend distributions on shares of its common stock.

The federal income tax characteristics of the 2022 distributions paid with respect to Urban Edge Properties common stock (CUSIP #91704F104 and traded under ticker symbol UE) are as follows:

			Distribution Type – Per share
Record Date	Payment Date	Distribution Amount per share	Ordinary Taxable Income⁽¹⁾	Long Term Capital Gains	Return of Capital
3/15/2022	3/31/2022	$0.16	$0.16	$0.00	$0.00
6/15/2022	6/30/2022	$0.16	$0.16	$0.00	$0.00
9/15/2022	9/30/2022	$0.16	$0.16	$0.00	$0.00
12/15/2022	12/30/2022	$0.16	$0.16	$0.00	$0.00
	2022 Totals	$0.64	$0.64	$0.00	$0.00

⁽¹⁾

The 2022 Taxable Ordinary Dividends are treated as "qualified REIT dividends" for purposes of Internal Revenue Code section 199A.

Shareholders are advised to consult their tax advisor about the specific tax treatment of Urban Edge’s 2022 dividends.

ABOUT URBAN EDGE PROPERTIES

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 76 properties totaling 17.2 million square feet of gross leasable area.