Welcome to our dedicated page for Urban Edge Pptys news (Ticker: UE), a resource for investors and traders seeking the latest updates and insights on Urban Edge Pptys stock.
Urban Edge Properties reports news as a NYSE-listed real estate investment trust focused on owning, managing, acquiring, developing and redeveloping retail real estate in urban communities, primarily along the Washington, D.C. to Boston corridor. Company updates commonly cover leasing activity, occupancy, same-property NOI, rental revenue, funds from operations, portfolio acquisitions and sales, and redevelopment activity across its retail property base.
Recurring announcements also include quarterly common dividends, annual REIT dividend tax treatment, earnings conference calls, credit facility amendments and other balance-sheet actions tied to the company’s retail real estate operating model.
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%
Urban Edge Properties (NYSE: UE) has disclosed the tax treatment for its 2024 dividend distributions. The company will distribute a total of $0.68 per share throughout 2024, paid in four quarterly installments of $0.17 each. The tax composition of each dividend payment includes $0.153898 as ordinary taxable income and $0.016102 as long-term capital gains, with no return of capital component.
The distributions are scheduled for March 29, June 28, September 30, and December 31, 2024. The ordinary dividends qualify as 'qualified REIT dividends' under Internal Revenue Code section 199A. Of the long-term capital gains portion ($0.064408 annually), $0.040472 is classified as unrecaptured 1250 gain.
Urban Edge Properties (NYSE: UE) has announced its upcoming fourth quarter and year-end 2024 earnings release, scheduled for Wednesday, February 12, 2025, before market open. The company will host an earnings conference call and audio webcast at 8:30am ET on the same day. Investors can participate by dialing 1-877-407-9716 (Toll Free) or 1-201-493-6779 (Toll/International) with conference ID 13750364. A webcast option is also available. For those unable to join live, a replay will be accessible via webcast for one year and by phone until February 26, 2025.
Urban Edge Properties (NYSE: UE) has announced a quarterly dividend of $0.17 per common share. The dividend will be distributed to shareholders of record as of December 13, 2024, with the payment scheduled for December 31, 2024.
Urban Edge Properties (NYSE: UE) reported Q3 2024 results and raised its full-year outlook. The company announced a $126M acquisition of The Village at Waugh Chapel at a 6.6% cap rate and sold a Home Depot property for $71M at a 5.4% cap rate. Q3 FFO as Adjusted increased 9% to $0.35 per share. Same-property NOI grew 4.8% in Q3. The company achieved 96.3% portfolio leased occupancy and executed 45 new leases totaling 683,000 sf. Based on strong performance, UE raised its 2024 FFO as Adjusted guidance to $1.32-$1.35 per share, representing 7% growth.
Urban Edge Properties (NYSE: UE) has announced its upcoming third quarter 2024 earnings release and conference call. The company will release its Q3 2024 earnings before the market opens on Wednesday, October 30, 2024. Following this, Urban Edge will host an earnings conference call and audio webcast at 8:30am ET on the same day.
Interested parties can join the call by dialing 1-877-407-9716 (Toll Free) or 1-201-493-6779 (Toll/International) using conference ID 13748725. Alternatively, there's an instant telephone access link available. The call will also be webcast and available in listen-only mode on the company's website. For those unable to attend live, a replay will be accessible via the webcast link or on Urban Edge's investor page for one year after the call. Additionally, a telephonic replay will be available from October 30, 2024, at 11:30am ET through November 13, 2024, at 11:59pm ET.
Urban Edge Properties (NYSE: UE) has announced a quarterly dividend of $0.17 per common share. The dividend is set to be paid on September 30, 2024, with a record date of September 13, 2024 for common shareholders. This declaration by the Board of Trustees maintains the company's commitment to providing regular returns to its investors.
Urban Edge Properties (NYSE: UE) announced its Q2 2024 results, showing strong financial performance and operational progress. Key highlights include:
Net income attributable to common shareholders surged to $30.8 million from $10.3 million in Q2 2023. Funds from Operations (FFO) increased to $58.4 million from $35.9 million, while FFO per diluted share rose to $0.47 from $0.29. Adjusted FFO increased by 7%, benefiting from new lease commencements and acquisitions.
Same-property Net Operating Income (NOI) grew by 3.6%, driven by rent commencements. Leased occupancy in the same-property portfolio reached 96.5%.
The company closed on significant transactions: the $83 million acquisition of Ledgewood Commons and the $29.2 million sale of an industrial property in Lodi, NJ. It also issued 1.6 million common shares, generating $28.9 million.
Urban Edge revised its 2024 full-year guidance, raising the lower end of FFO as Adjusted, now estimated at $1.29 to $1.32 per diluted share.