Urban Edge Properties (NYSE:UE) Issues Quarterly Earnings Results

Urban Edge Properties (NYSE:UE) issued its earnings results on Wednesday. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26), FiscalAI reports. The business had revenue of $119.56 million for the quarter, compared to the consensus estimate of $103.64 million. Urban Edge Properties had a return on equity of 8.10% and a net margin of 23.73%. Urban Edge Properties updated its FY 2026 guidance to 1.470-1.520 EPS.

Here are the key takeaways from Urban Edge Properties’ conference call:

• Urban Edge reported FFO as adjusted of $1.43 (6% growth) and provided 2026 guidance of $1.47–$1.52 per share while the board approved an 11% dividend increase to $0.84 annualized.
• Leasing momentum remains strong with a record 32% same-space cash rent spread on new leases, record shop occupancy of 92.6%, and a signed-but-not-open pipeline expected to add $22M (≈8% of current NOI).
• Redevelopment is a key growth driver — 14 projects completed in 2025 (~$55M) averaged 19% unlevered yields, $166M of projects are underway targeting a 14% unlevered return, and anchor repositions like Bruckner are expected to meaningfully increase NOI (~$8M incremental by 2028).
• Balance sheet flexibility is strong with $849M liquidity, a new $700M credit facility and delayed‑draw term loans, but cap‑rate compression has narrowed capital‑recycling spreads, making accretive external acquisitions more competitive.
• Near‑term headwinds include expected 2026 NOI deceleration from Saks/At Home fallout and the absence of certain 2025 one‑time collections, elevated Q4 snow‑removal costs, assumed credit losses of 50–75 bps, and most SNO rent (~75%) expected in H2 implying softer H1 performance.

Urban Edge Properties Price Performance

Shares of UE traded up $0.03 during mid-day trading on Wednesday, reaching $21.07. 303,720 shares of the stock traded hands, compared to its average volume of 936,114. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 23.61 and a beta of 1.06. Urban Edge Properties has a 1 year low of $15.66 and a 1 year high of $21.87. The firm has a fifty day moving average price of $19.38 and a 200 day moving average price of $19.69. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 1.18.

Analysts Set New Price Targets

UE has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Morgan Stanley lifted their price target on Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Finally, Weiss Ratings upgraded Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.00.

Hedge Funds Weigh In On Urban Edge Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Urban Edge Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock valued at $1,424,000 after acquiring an additional 3,276 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Urban Edge Properties by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust’s stock worth $16,567,000 after purchasing an additional 58,350 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Urban Edge Properties in the first quarter worth approximately $5,076,000. New York State Common Retirement Fund raised its stake in Urban Edge Properties by 15.1% in the second quarter. New York State Common Retirement Fund now owns 42,670 shares of the real estate investment trust’s stock valued at $796,000 after purchasing an additional 5,600 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Urban Edge Properties by 21.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 350,300 shares of the real estate investment trust’s stock valued at $6,537,000 after purchasing an additional 62,820 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Company Profile

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.