Urban Edge Pptys Stock Price, News & Analysis

Urban Edge Properties (NYSE:UE) announced it will release its fourth quarter and year-end 2021 earnings prior to market open on February 16, 2022. An earnings conference call will occur on the same day at 8:30 a.m. EST, accessible via dial-in or webcast. Urban Edge Properties focuses on managing and developing retail real estate in urban areas, owning 75 properties with a total of 17.0 million square feet of gross leasable area.

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.

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 $0.15 per common share, payable on December 31, 2021, to shareholders of record on December 15, 2021. The company focuses on managing and developing retail real estate in urban areas, particularly in the New York metropolitan region. Urban Edge owns 75 properties, covering 16.4 million square feet of gross leasable area.

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.