Tenant Replacement CostsSignificant downtime, construction costs, and capex are likely required to replace large Kohl's spaces with new tenants, creating potential challenges for the company.
Tenant Risk ExposureUrban Edge Properties has significant exposure to tenants at risk of closing stores, which limits share upside potential.
Watchlist Tenant ExposureThe company's portfolio has one of the highest exposures to UBS watchlist tenants, posing a risk to its overall performance.