Urban Edge Pptys Stock Price, News & Analysis

Urban Edge Properties (NYSE: UE) reported its Q2 2022 results, achieving a net income of $11.6 million, down from $12.5 million in Q2 2021. Funds from Operations (FFO) increased to $36.2 million, or $0.30 per share, compared to $35.4 million, or $0.29 per share year-over-year. The company executed a record 716,000 sq ft in leasing activity with a portfolio occupancy rate of 94.9%. Additionally, total liquidity stands at approximately $771 million. The company completed $20.7 million in redevelopment projects and acquired The Shops at Riverwood for $32.9 million, supporting its growth strategy.

Urban Edge Properties (NYSE: UE) has been recognized as one of the best places to work in New Jersey by NJBIZ Magazine. This accolade reflects the favorable feedback from employees regarding the company's inclusive and collaborative culture. Urban Edge is committed to investing in programs that facilitate personal and professional growth for their staff. The recognition is part of an annual program by Best Companies Group, which evaluated companies based on employee engagement and satisfaction surveys.

Urban Edge Properties (NYSE:UE) has successfully acquired The Shops at Riverwood, a grocery-anchored retail center in Boston for $32.9 million. This acquisition is part of the company’s strategy to invest in premier retail locations. The site, covering 78,000 square feet, includes a Price Rite Marketplace and will soon feature a Starbucks, enhancing visitor appeal. Funded through cash reserves and a $21.5 million non-recourse mortgage at a 4.25% interest rate, this acquisition is expected to benefit from strong local demographics with a 181,000 population nearby.

Urban Edge Properties (NYSE: UE) is set to release its second quarter 2022 earnings on August 3, 2022, before the market opens. An earnings conference call will follow at 8:30 AM ET on the same day. Interested parties can join the call by dialing 1-877-407-9716 (Toll Free) or via a webcast. The company, which operates in the retail real estate sector, owns 76 properties with a gross leasable area of 17.2 million square feet.

Urban Edge Properties (NYSE: UE) announced a quarterly common dividend of $0.16 per share and revealed its financial results for Q1 2022. The company reported a net income of $9.5 million, or $0.08 per diluted share, down from $19.9 million a year earlier. Funds from Operations (FFO) increased to $34.2 million, or $0.28 per share. Same-property Net Operating Income (NOI) rose 3.8%. The company improved occupancy to 93.9% and executed three new anchor leases, raising occupancy to 94.5%. With a total liquidity of $800 million, Urban Edge maintains a stable financial position.

Urban Edge Properties (NYSE:UE) will release its first quarter 2022 earnings on May 5, 2022, prior to market open. An earnings conference call will take place at 8:30 AM ET on the same day, accessible via phone or webcast. A replay will be available for a year, and a telephonic replay will be offered from May 5 to May 19, 2022. Urban Edge focuses on managing and developing retail real estate in urban areas, particularly along the Washington, D.C. to Boston corridor, owning 75 properties with a total of 17.2 million square feet of leasable area.

Urban Edge Properties (NYSE:UE) announced that CEO Jeff Olson will present at the 2022 Citi Global Property CEO Conference on March 8, 2022, at 1:15 PM EST. Interested parties can register for the live presentation via the Citi Conference link or at www.uedge.com. A replay will be available for one year post-conference.

Urban Edge Properties (NYSE:UE) announced a quarterly cash dividend increase of 6.7%, alongside robust financial results for Q4 and the year ended December 31, 2021. Q4 net income attributable to common shareholders reached $42.5 million ($0.36/share), up from $19.0 million ($0.16/share) in Q4 2020. Funds from Operations (FFO) also rose, totaling $67.8 million ($0.56/share) for the quarter. Notably, same-property Net Operating Income (NOI) grew by 16.0% year-over-year, reflecting strong leasing activity with a portfolio leased occupancy of 94.1%. Total liquidity stands at approximately $820 million.