Urban Edge Properties UE
New risk paragraphs, branching off last year
Each branch is a paragraph in Risk Factors with nothing like it in the 10-K filed Feb 12, 2025. A box jumps to the paragraph as filed, below.
Paragraphs with nothing like them in last year's 10-K
6 paragraphs in Risk Factors of the 10-K filed Feb 11, 2026 with nothing like them in the 10-K filed Feb 12, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
us by the closed tenant. In certain cases, some anchor and non-anchor tenants may be able to terminate their leases if they do not achieve defined sales levels.
•we may underestimate the costs to improve, reposition or redevelop a property, or the time needed to complete the improvement, repositioning or redevelopment;
Departure or loss of key management could adversely affect our business and operations.
The success of our business depends, in significant part, on the leadership and performance of our executive management team and other key personnel, and our ability to attract and retain talented employees may significantly impact our future performance. If any of our executive officers or other key personnel were to leave the Company for any reason, we may not be able to replace these individuals with an executive of equal skill, ability, and industry expertise within a reasonable timeframe, which could have a material adverse effect on our cash flow, financial condition and results of operations.
Cyberattacks are expected to accelerate on a global basis in frequency and magnitude as threat actors are becoming increasingly sophisticated in using techniques and tools, including artificial intelligence (“AI”), that circumvent security controls, evade detection and remove forensic evidence. Despite the implementation of security measures for our disaster recovery and business continuity plans, our information systems may be vulnerable and a significant breach could materially and adversely affect our operations, results and financial condition.
Our use of, and reliance on, AI and machine learning technologies, including generative AI tools used by us or by our vendors, presents additional risks. Such technologies may involve the ingestion or processing of proprietary, confidential or sensitive information, and may increase the risk that such information is disclosed, misused or otherwise compromised, including through unintended outputs or model behavior. In addition, vendors may incorporate AI tools into their products or services without disclosing such use to us, and the providers of such tools may not meet existing or evolving legal, regulatory or industry standards related to privacy, data protection or information security.
Paragraphs in the 10-Q filed Oct 28, 2026 that were not in the one before
New in the latest 10-Q
6 paragraphs in the 10-Q filed Oct 28, 2026 with nothing like them in the 10-Q filed Aug 6, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
(5) On September 2, 2026, the Company sold the property and the outstanding $ 30 million mortgage was assumed by the buyer at closing.
Read in the 10-Q
On October 6, 2026, the Company modified its existing mortgage loan (the “A-note”) to obtain $ 17 million of additional proceeds through a new interest-only B-note and extend the maturity date from June 2030 to October 2033. The B-note bears interest at a fixed rate of 6.95 % through maturity of October 2033. The A-note continues to bear interest at a fixed rate of 5.0 % through June 2030, at which time the rate will reset to a fixed rate of the 3 -year U.S. Treasury yield plus 250 bps for the remainder of the term. The Company accounted for the transaction as a debt modification in accordance with ASC 470 Debt Modifications and Extinguishments, and capitalized $ 0.4 million of lender fees which will be amortized to interest expense over the remaining term of the loan.
Read in the 10-Q
Our consolidated results of operations often are not comparable from period to period due to the impact of property acquisitions, dispositions, developments, redevelopments and changes in accounting policies. The results of operations of any acquired properties are included in our financial statements as of the date of acquisition.
Read in the 10-Q
Our results of operations are affected by national, regional and local economic conditions, which are at times subject to volatility and uncertainty. During 2026, these conditions have included evolving U.S. trade policy, including tariffs implemented or modified during the year and the possibility of additional tariffs; geopolitical conflict and resulting elevated energy prices; renewed inflationary pressure; and rising interest rates.
Read in the 10-Q
Inflation remained elevated during the three months ended September 30, 2026 and may continue to remain elevated. On September 16, 2026, the Federal Reserve announced that it was increasing its target range for the federal funds rate to 3.75% to 4.00%, its first increase since 2023. Higher interest rates may increase our borrowing costs on our variable-rate debt and upon the refinancing of fixed-rate debt. They may also affect the availability and cost of debt and equity capital and the pricing of real estate transactions, which could adversely affect our acquisition, disposition and redevelopment activity.
Read in the 10-Q
Show the other 1
• $0.2 million decrease in costs for the potential issuance of common shares; offset by
Read in the 10-Q
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Oct 28, 2026 against Item 1A of the 10-K filed Feb 11, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:Except to the extent additional factual information disclosed elsewhere in this Quarterly Report on Form 10-Q relates to such risk factors (including, without limitation, the matters discussed in Part I, “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations”), there were no material changes to the risk factors disclosed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 11, 2026.
Read in the 10-Q
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
Phrases used for the first time
Two-word phrases in Risk Factors of the 10-K filed Feb 11, 2026 that are in none of the 1 earlier 10-Ks stored, back to Feb 12, 2025
Where each one is used
- consolidated audited: See “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources” included in Part II, Item 7 in this Annual Report on Form 10-K and the Notes to the consolidated audited financial statements included in Part II, Item 8 in this Annual Report on Form 10-K.
- impacts noted: E-commerce is a vital part of our tenants’ businesses and continues to gain popularity, with growth in internet sales likely to continue in the future. Additionally, many of our tenants face increasing competition from E-commerce, which has previously affected, and could continue to affect in the future, decisions...
- general market: Real estate is carried at cost, net of accumulated depreciation and amortization. Our properties are individually reviewed for impairment whenever events or changes in circumstances, including declines in property operating performance and general market conditions, indicate that the carrying amount of the property...
Used at least twice, small words left out. Counted, not picked: a phrase can be new because the company renamed something.
What was taken out
4 paragraphs of last year's Risk Factors with nothing like them now. The longest are quoted.
Sources
Item 1A of each 10-K and 10-Q on EDGAR, quoted exactly. Each paragraph links to the filing at sec.gov.
Also
10-K change: what was reworded or cut, section by section.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/UE/export.csv") into a cell.