Urban Edge Pptys Stock Price, News & Analysis

Urban Edge Properties (NYSE:UE) has secured a $123.6 million financing for its Shoppers World property in Framingham, MA. The 4-year SOFR loan features a fixed interest rate of 5.12% and is structured as interest-only, non-recourse mortgage.

The company utilized part of the proceeds to retire $90 million of its credit line debt that carried a 5.48% interest rate. Shoppers World, acquired in October 2023, is a 752,000 sf premier open-air shopping center anchored by TJX Companies stores and other major retailers. The company maintains strong liquidity of approximately $900 million with only 9% of total debt maturing through 2026.

Urban Edge Properties (NYSE:UE) reported strong Q2 2025 results, achieving record quarterly FFO as Adjusted of $0.36 per share. The company raised its full-year 2025 FFO as Adjusted guidance to $1.40-$1.44 per share, up $0.025 at midpoint.

Key highlights include same-property NOI growth of 7.4% including redevelopment, record shop occupancy of 92.5%, and consolidated portfolio leased occupancy of 96.5%. The company executed 42 new leases totaling 482,000 sf with an 18.8% cash spread on new leases.

During Q2, UE sold $41 million in non-core properties, bringing year-to-date dispositions to $66 million at a 4.9% cap rate. The company maintains strong liquidity of $796 million and has limited debt maturities through 2026.

Urban Edge Properties has signed a lease with TruGolf Links franchising for a 6,045SF flagship location at The Plaza at Cherry Hill in New Jersey. The location, set to open by end of 2025, will be TruGolf's first flagship storefront featuring an upscale restaurant and full bar component. The facility will include five premium golf simulators and the 'Horizon' - a 17' stadium-seating setup on an elevated platform. TruGolf (NASDAQ:TRUG), known for manufacturing high-tech golf simulators, is expanding into brick-and-mortar locations with their new franchised TruGolf Links Centers. The Cherry Hill location will be situated in a premium spot within the L-shaped strip, anchored by retailers like Aldi and Total Wine. The center will undergo enhancements to deliver a fresher shopping experience, offering an 'eatertainment' concept combining golf simulation technology with upscale dining and beverages.

Urban Edge Properties (NYSE: UE) has scheduled its second quarter 2025 earnings release and conference call. The company will release earnings before market open on July 30, 2025, followed by a conference call and audio webcast at 8:30am ET. Investors can join via phone by dialing 1-877-407-9716 (toll-free) or 1-201-493-6779 (international) with conference ID 13754124, or through an instant telephone access link. A webcast will be available on the company's website, with replay access for one year. A phone replay will be accessible from July 30 at 11:30am ET through August 13 at 11:59pm ET.

Urban Edge Properties (NYSE: UE) has announced a quarterly dividend payment of $0.19 per common share. The dividend will be distributed on June 30, 2025, to shareholders who are recorded as holders of UE stock as of June 13, 2025. This regular quarterly dividend declaration demonstrates the company's commitment to providing consistent returns to its shareholders.

Urban Edge Properties reported strong Q1 2025 results with notable growth in key metrics. The company's FFO as Adjusted increased by 6.0% and same-property NOI grew by 3.8% compared to Q1 2024.

Financial highlights include net income of $8.2 million ($0.07 per share) and FFO of $45.5 million ($0.35 per share). The company maintained high occupancy rates with consolidated portfolio leased occupancy at 96.4%, while shop leased occupancy increased to 92.4%.

During Q1, Urban Edge executed 42 new leases totaling 434,000 sf, with new leases generating a 34.3% cash spread. The company completed $25 million in asset sales and has an additional $41.2 million under contract. Active redevelopment projects total $156.4 million with an expected 14% yield.

The company updated its 2025 guidance, projecting net income of $0.40-$0.45 per share and maintaining FFO guidance of $1.36-$1.41 per share. Total liquidity stands at $791 million with limited debt maturities through 2026.

Urban Edge Properties (NYSE: UE) has scheduled its first quarter 2025 earnings release and conference call. The company will release its Q1 earnings before market open on Wednesday, April 30, 2025, followed by an earnings conference call and audio webcast at 8:30am ET the same day.

Investors and interested parties can participate through multiple channels: by dialing 1-877-407-9716 (Toll Free) or 1-201-493-6779 (Toll/International) with conference ID 13751995, using the instant telephone access link, or accessing the webcast in listen-only mode. A replay will be available on the company's website for one year, and a telephonic replay will be accessible from April 30, 2025 at 11:30am ET through May 14, 2025 at 11:59pm ET.

Urban Edge Properties (NYSE: UE) reported strong Q4 and full-year 2024 results, with FFO as Adjusted increasing 8% to $1.35 per share. The company announced a 12% increase in quarterly dividend to $0.19 per share. Key highlights include:

- Same-property NOI growth of 6.6% in Q4 and 4.3% for FY 2024
- Consolidated portfolio leased occupancy reached 96.8%, up 90 basis points YoY
- Executed 165 new leases totaling 2.4M sf during 2024
- Acquired $243M of assets at 7.2% cap rate and sold $109M non-core assets

For 2025, UE provided guidance of:
- Net income: $0.32-$0.37 per diluted share
- FFO: $1.36-$1.41 per diluted share
- FFO as Adjusted: $1.37-$1.42 per diluted share
- Same-property NOI growth of 3.0-4.0%