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) reported a strong third quarter for 2021, with net income of $27.8 million ($0.24 per diluted share), reversing a $5.6 million loss in Q3 2020. Funds from Operations (FFO) rose to $45.3 million ($0.37 per share), a significant increase from $16.9 million in the previous year. Same-property Net Operating Income (NOI) grew by 26.4%, driven by improved leased occupancy at 92.8%. The company maintained strong liquidity, reporting $1 billion in available resources. Urban Edge is actively pursuing redevelopment projects and has expanded its acquisition pipeline.
Urban Edge Properties (NYSE:UE) declared a quarterly dividend of
Urban Edge Properties (NYSE:UE) will release its third quarter 2021 earnings on November 3, 2021, after market close. The company, focused on urban retail real estate, owns 76 properties encompassing 16.4 million square feet of gross leasable area primarily in the New York metropolitan region.
Urban Edge Properties (NYSE: UE) has declared a quarterly dividend of $0.15 per common share, payable on September 30, 2021, to shareholders on record as of September 15, 2021. This announcement underscores Urban Edge's commitment to returning value to its investors as it continues to manage, acquire, and develop retail real estate primarily within the New York metropolitan area. With ownership of 76 properties totaling 16.2 million sq ft of gross leasable area, Urban Edge maintains a strategic position in urban communities.
Urban Edge Properties (NYSE: UE) reported its Q2 2021 earnings, showcasing a net income of $12.5 million ($0.11/share), a decline from $31.3 million ($0.27/share) in Q2 2020. Funds from Operations (FFO) were $35.4 million ($0.29/share), compared to $55.7 million ($0.46/share) last year. The same-property Net Operating Income (NOI) rose by 23.9% due to reduced uncollectible rental revenues. The leased occupancy of the same-property portfolio increased to 92.0%. Total liquidity remains strong at $1 billion, with net debt at 31% of total market capitalization.
Urban Edge Properties (NYSE:UE) will announce its Q2 2021 earnings before the market opens on August 4, 2021. An earnings conference call is scheduled for the same day at 8:30 a.m. EST. Interested parties can join the call by dialing 1-877-407-9716 (Toll-Free) or 1-201-493-6779 (Toll/International) with conference ID 13720762. The call will also be available via a webcast on Urban Edge's investor page.
Urban Edge Properties focuses on retail real estate in urban areas, primarily in the New York region, managing 77 properties with a total of 16.2 million square feet of leasable area.
Urban Edge Properties (NYSE:UE) announced the appointment of Susan Givens to its Board of Trustees, effective July 1, 2021, increasing the board size from eight to nine members. Givens brings nearly 20 years of experience in private equity, capital markets, and M&A to the role. She previously served as CEO of New Senior Investment Group and held positions at Fortress Investment Group. Chairman and CEO Jeff Olson expressed confidence that Givens' expertise will support Urban Edge's growth strategy in retail real estate management and development.
Urban Edge Properties (NYSE:UE) declared a quarterly dividend of $0.15 per common share, payable on June 30, 2021, to shareholders of record on June 15, 2021. The company focuses on managing, acquiring, and redeveloping retail real estate in urban areas, mainly in the New York metropolitan region, with a portfolio of 77 properties encompassing 16.2 million square feet of gross leasable area.
Urban Edge Properties (NYSE: UE) reported its Q1 2021 results, showing a net income of $20.7 million ($0.17/share) down from $51.3 million ($0.40/share) in Q1 2020. Funds from Operations (FFO) were $31.8 million ($0.26/share), a decline from $34.8 million ($0.27/share) last year. Rent collection improved to 95% amidst retail recovery, with strong leasing activity leading to 44 new leases totaling 357,000 sq ft. However, same-property NOI dropped by 5.8%, and consolidated occupancy fell to 88.9%. The company maintains a robust liquidity position with $1 billion available.
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