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 (NYSE: UE) has been recognized as one of the best places to work in New Jersey by NJBIZ Magazine for the third consecutive year. This prestigious award, determined through employee engagement surveys and company information, highlights Urban Edge's commitment to fostering a positive work environment. Jeff Olson, Chairman and CEO, emphasized the company's dedication to creating a workplace that promotes growth, collaboration, and diversity. The recognition underscores Urban Edge's focus on employee satisfaction and its impact on the company's overall success.
Urban Edge Properties (NYSE: UE) has released its 2023 Corporate Responsibility Report, highlighting significant achievements in sustainability and community initiatives. Key accomplishments include a 33% reduction in Scope 1 and 2 greenhouse gas emissions, surpassing their short-term goal ahead of schedule, and a 31% reduction in water consumption compared to 2022. The report also mentions upgrades to LED lighting in all landlord-controlled parking lots, formation of the UE Cares Committee for community engagement, partnership with the 988 Suicide & Crisis Lifeline, and receiving the Cigna Gold Level Healthy Workforce Designation. Additionally, the company has completed a Board refreshment process to enhance leadership diversity and expertise.
Urban Edge Properties (NYSE: UE) is set to release its second quarter 2024 earnings before the market opens on July 31, 2024. An earnings conference call and audio webcast will follow at 8:30am ET. Interested parties can join via toll-free or international numbers using conference ID 13747085, or through a provided webcast link. A replay will be available on the company's website for one year post-call, with telephonic replays accessible until August 14, 2024.
Urban Edge Properties (NYSE: UE) reported strong financial results for the first quarter of 2024, with FFO as Adjusted of $0.33 per share, surpassing expectations. The company acquired two shopping centers in New Jersey, enhancing its market presence. With positive lease occupancy improvements, successful financing activities, and strategic acquisitions, Urban Edge Properties raised its full-year 2024 FFO as Adjusted guidance to $1.30 per share. The company continues its growth trajectory through active redevelopment projects and accretive transactions.
Urban Edge Properties (NYSE: UE) has declared a quarterly common dividend of $0.17 per share. The dividend is payable on June 28, 2024, to common shareholders of record on June 14, 2024.
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