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Down 42% in 2020. Is it Time to Buy Urban Edge Properties?

Jul 22, 2020 by Marc Rapport

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As a result of COVID-19 and the future uncertainties it has generated, the company has temporarily suspended quarterly dividend distributions. The company’s Board of Trustees will continue to monitor the company’s financial performance and economic outlook and, at a later date, intends to reinstate a regular quarterly dividend of at least the amount required to continue qualifying as a REIT for U.S. federal income tax purposes.

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