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 (NYSE: UE) is a real estate investment trust focused on owning, managing, acquiring, developing and redeveloping retail real estate in urban communities, primarily in the corridor between Washington, D.C. and Boston. The UE news feed on Stock Titan aggregates company announcements, press releases and market updates related to this retail-focused REIT.
Investors following UE news can review quarterly earnings releases, where Urban Edge reports net income, Funds From Operations (FFO), FFO as Adjusted, same-property Net Operating Income (NOI) growth and occupancy metrics. These releases often include updated full-year guidance ranges and assumptions, along with reconciliations of non-GAAP measures to net income.
The news stream also features dividend declarations from the Board of Trustees, detailing regular quarterly common dividends and key dates for shareholders of record. In addition, Urban Edge issues announcements about acquisitions, dispositions and capital recycling, such as the sale of non-core properties and the use of proceeds to fund new investments, including grocery-anchored shopping centers in its target markets.
Other UE news items highlight financing transactions, including non-recourse mortgage loans secured by specific properties and activity under the company’s revolving credit agreement, as well as updates on leasing, development and redevelopment projects at its centers. Corporate responsibility updates, such as the publication of the company’s Corporate Responsibility Report and progress on sustainability goals, are also part of the coverage.
Use this page to review Urban Edge Properties’ latest earnings announcements, dividend news, transaction updates and corporate responsibility disclosures in one place.
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Urban Edge Properties (NYSE: UE) hosted its Investor Day, outlining growth opportunities and updating its 2023 outlook. The company raised its FFO as Adjusted guidance by
Urban Edge Properties (NYSE: UE) has successfully refinanced its mortgage loan for Bergen Town Center with a new $290 million fixed-rate mortgage, replacing the previous $300 million mortgage. Provided by New York Life Insurance Company and MetLife Investment Management, this refinancing reduces the company’s debt maturing through 2025 to $235 million, which is less than 15% of its outstanding indebtedness. The CEO Jeff Olson expressed satisfaction with this achievement amid volatile debt capital markets. Bergen Town Center, located in Paramus, New Jersey, features a Whole Foods and Target and attracts over 11 million visitors annually.
Urban Edge Properties (NYSE: UE) will release its first quarter 2023 earnings on May 9, 2023, before market opening. An earnings conference call will take place that same day at 8:30am ET, accessible via phone or audio webcast. The call will be available for replay for one year on the company's investor page. Urban Edge manages and develops retail real estate primarily along the Washington, D.C. to Boston corridor, owning 76 properties with a total of 17.2 million square feet of gross leasable area.
Urban Edge Properties (NYSE: UE) has declared a regular quarterly dividend of
Urban Edge Properties (NYSE:UE) announced its financial results for Q4 2022, reporting a 22% increase in FFO as Adjusted year-over-year, amounting to $40.6 million. The firm executed over one million square feet of new leases in 2022, contributing to an NOI growth pipeline of $29 million. However, net income decreased significantly to $13.7 million compared to $42.5 million in Q4 2021, attributed to prior year gains from real estate sales. For 2023, Urban Edge anticipates net income of $0.27 to $0.33 per diluted share and FFO between $1.10 and $1.16 per diluted share. The company will host an Investor Day on April 18, 2023.