Urban Edge Properties Q1 Earnings Call Highlights

However, Mooallem told analysts that level of escalator is not necessarily a new standard for anchors. He characterized the quarter as an “outlier,” adding that some anchor tenants “fight really hard” on increases, but said Urban Edge is increasingly able to secure better terms due to limited supply and strong demand. He described the current conditions as “the strongest anchor leasing market we’ve seen in a really long time, simply because of the imbalance between supply and demand.”Chief Operating Officer ...

Urban Edge Properties Q1 Earnings Call Highlights - Reportify