UE — what changed in the latest 10-Q
A section-by-section comparison of UE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-04-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +56 | −30 | ~29 | 24 |
| Market risk (Item 3) | Text added/removed | +5 | −4 | ~3 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 6 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
•$2.5 million increase in property rentals and tenant reimbursements due to rent commencements and contractual rent increases;
•$2.0 million increase as a result of property acquisitions, net of dispositions since the second quarter of 2025;
•$1.4 million increase in non-cash revenues driven by the acceleration and write-off of below-market lease intangibles in the second quarter of 2026;
•$0.3 million increase in percentage rent primarily due to the timing of recognition as compared to the second quarter of 2025; and
•$0.3 million decrease in rental revenue deemed uncollectible.
Text removed vs the prior filing · source: 10-Q · 2026-04-29
•$8.3 million increase in property rentals and tenant reimbursements due to rent commencements and contractual rent increases; and
•$0.3 million increase as a result of property acquisitions net of dispositions since the first quarter of 2025; offset by
•$1.4 million increase in rental revenue deemed uncollectible;
•$0.9 million decrease in non-cash revenues driven by the write-off of lease intangibles related to tenant vacates since the first quarter of 2025; and
•$0.1 million decrease in percentage rent primarily due to timing of recognition as compared to the first quarter of 2025.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-06
(3) Includes the Shoppers World, Montclair, and Plaza at Woodbridge mortgage loans that are hedged with interest rate swap agreements, fixing the interest rates at 5.12%, 3.15%, and 5.03%, respectively. Fixed rate debt excludes the $30 million mortgage, net of debt issuance costs, that is classified…
We may utilize various financial instruments to mitigate the impact of interest rate fluctuations on our cash flows and earnings, including hedging strategies, depending on our analysis of the interest rate environment and the costs and risks of such strategies. We do not enter into any financial in…
The estimated fair value of our consolidated debt is calculated based on current market prices and discounted cash flows at the current rate at which similar loans would be made to borrowers with similar credit ratings for the remaining term of such debt. As of June 30, 2026, the estimated fair valu…
As of June 30, 2026, we had no material exposure to any other market risks (including foreign currency exchange risk or commodity price risk).
In making this determination and for purposes of the SEC’s market risk disclosure requirements, we have estimated the fair value of our financial instruments at June 30, 2026 based on pertinent information available to management as of that date. Although management is not aware of any factors that …
Text removed vs the prior filing · source: 10-Q · 2026-04-29
We may utilize various financial instruments to mitigate the impact of interest rate fluctuations on our cash flows and earnings, including hedging strategies, depending on our analysis of the interest rate environment and the costs and risks of such strategies. We do not enter into any financial in…
The estimated fair value of our consolidated debt is calculated based on current market prices and discounted cash flows at the current rate at which similar loans would be made to borrowers with similar credit ratings for the remaining term of such debt. As of March 31, 2026, the estimated fair val…
As of March 31, 2026, we had no material exposure to any other market risks (including foreign currency exchange risk or commodity price risk).
In making this determination and for purposes of the SEC’s market risk disclosure requirements, we have estimated the fair value of our financial instruments at March 31, 2026 based on pertinent information available to management as of that date. Although management is not aware of any factors that…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice