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Urban Edge Properties (Urban Edge Properties) Gross Property, Plant and Equipment : $59.7 Mil (As of Dec. 2023)


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What is Urban Edge Properties Gross Property, Plant and Equipment?

Urban Edge Properties's quarterly gross PPE declined from Jun. 2023 ($61.9 Mil) to Sep. 2023 ($60.1 Mil) and declined from Sep. 2023 ($60.1 Mil) to Dec. 2023 ($59.7 Mil).

Urban Edge Properties's annual gross PPE stayed the same from Dec. 2021 ($72.1 Mil) to Dec. 2022 ($66.9 Mil) but then declined from Dec. 2022 ($66.9 Mil) to Dec. 2023 ($59.7 Mil).


Urban Edge Properties Gross Property, Plant and Equipment Historical Data

The historical data trend for Urban Edge Properties's Gross Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Urban Edge Properties Gross Property, Plant and Equipment Chart

Urban Edge Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 84.51 83.72 72.09 66.89 59.71

Urban Edge Properties Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.89 65.11 61.92 60.10 59.71

Urban Edge Properties Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Urban Edge Properties  (NYSE:UE) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Urban Edge Properties Gross Property, Plant and Equipment Related Terms

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Urban Edge Properties (Urban Edge Properties) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Urban Edge Properties (NYSE:UE) » Definitions » Gross Property, Plant and Equipment
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Address
888 Seventh Avenue, New York, NY, USA, 10019
Urban Edge Properties is a real estate investment trust principally focused on the management and development of retail real estate properties in urban communities in the U.S. Having originally been created to hold the majority of Vornado Realty Trust's shopping center businesses, Urban Edge's asset portfolio is mostly composed of shopping centers and malls in terms of total square footage. The company's holdings include necessity and convenience-oriented retailers, such as department stores, grocers, health clubs, and restaurants. Urban Edge's properties are mainly located in the New York City metropolitan region and within the DC to Boston corridor. The company generates nearly all of its revenue through the collection of rent from a large number of tenants.
Executives
Catherine Rice director 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Milton Robert C. Iii officer: General Counsel and Secretary C/O CIFC CORP., 250 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10177
Jeffrey Mooallem officer: Chief Operating Officer 3 SERRAMONTE CENTER, DALY CITY CA 94015
Andrea Rosenthal Drazin officer: Chief Accounting Officer 849 BRADFORD AVENUE, WESTFIELD NJ 07090
Katherine M Sandstrom director 4600 SOUTH SYRACUSE STREET, SUITE 500, DENVER CO 80237
Mary Baglivo director C/O SAATCHI & SAATCHI, 17 HUDSON STREET, NEW YORK NY 10014
Norman K. Jenkins director 9211 GLADYS FARM WAY, GAITHERSBURG MD 20882
Susan Givens director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Herbert Eilberg officer: Chief Investment Officer C/O URBAN EDGE PROPERTIES, 888 7TH AVENUE, 6TH FLOOR, NEW YORK NY 10019
Vita Danielle De officer: EVP of Development 45 WOOTTON ROAD, ESSEX FELLS NJ 07021
Douglas William Sesler director 54 NORTHWAY, BRONXVILLE NY 10708
Steven Roth director
Christopher Weilminster officer: Chief Operating Officer C/O URBAN EDGE PROPERTIES, 888 7TH AVENUE, 6TH FLOOR, NEW YORK NY 10019
Briggs Donald Ten Eyck officer: President of Development 78 BLANCHARD RD., BURLINGTON MA 01803
Bernard Schachter officer: EVP - Asset Management C/O URBAN EDGE PROPERTIES, 210 ROUTE 4 EAST, PARAMUS NJ 07652

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