Vanguard Portfolio Management (NYSE: UE) discloses 11.07% passive stake in Urban Edge

Rhea-AI Filing Summary

Vanguard Portfolio Management LLC filed a Schedule 13G reporting a significant passive stake in Urban Edge Properties common stock. It reports beneficial ownership of 13,939,907 shares, representing 11.07% of the outstanding class.

Vanguard Portfolio Management has shared voting power over 49,778 shares and shared dispositive power over all 13,939,907 shares, with no sole voting or dispositive power. The filing explains an internal realignment effective January 12, 2026, under which portfolio management and proxy voting functions shifted from The Vanguard Group, Inc. to Vanguard Portfolio Management LLC and certain affiliates, which now report beneficial ownership on a disaggregated basis while pursuing the same investment strategies.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Urban Edge Properties

(Name of Issuer)

Common Stock

(Title of Class of Securities)

91704F104

(CUSIP Number)

01/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 91704F104

1

Names of Reporting Persons

Vanguard Portfolio Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 49,778.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,939,907.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,939,907.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.07 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc., the parent entity of Vanguard Portfolio Management LLC, went through an internal realignment. As of that date, The Vanguard Group, Inc. no longer performs portfolio management services or administers proxy voting. Such services are performed by Vanguard Portfolio Management LLC. In accordance with SEC Release No. 34-39538 (January 12, 1998), Vanguard Portfolio Management LLC anticipates that it and certain other subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that currently have, or are deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership on a disaggregated basis from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. This Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Portfolio Management LLC and the following affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates: Vanguard Fiduciary Trust Company. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated in the previous paragraph exercise dispositive and/or voting power. This Schedule 13G does not include securities, if any, beneficially owned by other affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Urban Edge Properties
(b)	Address of issuer's principal executive offices: 888 Seventh Avenue, 6th Floor, New York, NY, 10106
Item 2.
(a)	Name of person filing: Vanguard Portfolio Management
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 91704F104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 13939907
(b)	Percent of class: 11.07 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 49778
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 13939907
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Vanguard Portfolio Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, 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.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Vanguard Portfolio Management

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	02/05/2026

FAQ

What stake does Vanguard Portfolio Management report in Urban Edge Properties (UE)?

Vanguard Portfolio Management reports beneficial ownership of 13,939,907 Urban Edge Properties shares, representing 11.07% of the company’s common stock. This indicates a large institutional position, disclosed on a passive Schedule 13G rather than an activist Schedule 13D filing.

Does Vanguard Portfolio Management control voting for all its UE shares?

No. Vanguard Portfolio Management reports shared voting power over 49,778 shares and no sole voting power. It does, however, report shared dispositive power over 13,939,907 shares, meaning it shares authority to decide when and how those shares are sold.

Why did Vanguard Portfolio Management file this Schedule 13G for UE?

The Schedule 13G reflects passive ownership of over 5% of Urban Edge Properties common stock. The filing states the securities were acquired and are held in the ordinary course of business, not for changing or influencing control of the company’s management or policies.

How did Vanguard’s internal realignment affect this UE ownership filing?

An internal realignment on January 12, 2026 shifted portfolio management and proxy voting from The Vanguard Group, Inc. to Vanguard Portfolio Management LLC and certain affiliates. As a result, they now report beneficial ownership in Urban Edge Properties on a disaggregated basis from The Vanguard Group.

Which Vanguard affiliates are included in the reported UE holdings?

The reported 13,939,907 UE shares reflect securities beneficially owned or deemed owned by Vanguard Portfolio Management LLC and affiliates including Vanguard Fiduciary Trust Company, as well as Vanguard funds and managed accounts over which they exercise dispositive and, in some cases, voting power.

Are any other investors named with more than 5% interest in these UE shares?

No. The filing states that while various clients and funds have rights to dividends or sale proceeds from the reported shares, no single other person’s interest exceeds 5%. Thus, the large position is spread across multiple Vanguard-managed accounts and investment vehicles.