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 (UE) provides investors with comprehensive updates on its retail real estate operations through this centralized news hub. Track official announcements, financial disclosures, and strategic developments from the New York-based REIT specializing in urban shopping centers.
Access timely updates spanning earnings releases, property acquisitions, tenant lease agreements, and capital improvement initiatives. Our curated feed ensures stakeholders stay informed about UE's portfolio performance in key markets from Washington, DC to Boston, including California and Puerto Rico operations.
Discover analysis of management strategies for maintaining high occupancy rates through essential retail tenants like grocers and health clubs. Monitor updates on UE's urban development projects and sustainability initiatives within the competitive retail REIT sector.
Bookmark this page for streamlined access to Urban Edge Properties' evolving market position and financial health indicators. Verify investment theses with primary source materials directly from the company.
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.
Urban Edge Properties (NYSE: UE) announced the tax treatment for its 2021 dividend distributions, totaling
Urban Edge Properties (NYSE:UE) announced it will release its fourth quarter and year-end 2021 earnings prior to market open on
Urban Edge Properties has acquired Woodmore Towne Centre, a 712,000 square foot grocery-anchored power center in Glenarden, MD for $193.4 million, closed on December 23, 2021. This acquisition aligns with Urban Edge's strategy of obtaining high-quality, infill real estate.
The site, situated near Washington, D.C., is well-positioned with a 5-mile population of 287,000 and average household incomes of $106,000. The property is 97% leased and features leading retailers such as Wegmans and Costco.
Urban Edge Properties (NYSE:UE) has appointed Norman K. Jenkins to its Board of Trustees, effective November 22, 2021. Jenkins brings over 25 years of real estate experience and currently serves as President and CEO of Capstone Development. He has previously held leadership roles at Marriott International, where he developed the Diversity Ownership Initiative. Urban Edge, based in the New York metropolitan area, manages 75 properties totaling 16.4 million square feet of gross leasable area. This leadership change aims to enhance stakeholder value.
FAQ
What is the current stock price of Urban Edge Pptys (UE)?
What is the market cap of Urban Edge Pptys (UE)?
