Urban Edge Properties (NYSE:UE – Get Free Report) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.12 by $0.29, FiscalAI reports. The company had revenue of $119.56 million during the quarter, compared to analyst estimates of $120.49 million.
Here are the key takeaways from Urban Edge Properties’ conference call:
- Raised 2026 guidance—FFO per share guidance increased to $1.52–$1.54, implying 7% growth, while same-property NOI growth guidance rose to a 4.1% midpoint.
- Leasing momentum remained strong, with 28% year-to-date new-lease cash spreads, 96.6% same-property leased occupancy, and a $21 million signed-but-not-open pipeline that management expects to support future growth.
- Capital recycling and redevelopment are improving portfolio quality and returns. The company acquired $185 million of centers this year, including Florida entry asset Regency Court, and completed third-quarter projects at an 18% average yield.
- Regency Court expands Urban Edge into South Florida but was acquired at an approximately 4% initial yield, making the investment dependent on future rent mark-to-market, tenant renewals, redevelopment, and potential additional acquisitions in the region.
- Liquidity remains strong at more than $875 million, while lower tenant improvement and leasing costs are reducing capital requirements; management said average leasing costs have declined about 15% for shops and more than 30% for anchors since 2024.
Urban Edge Properties Trading Up 1.2%
NYSE:UE traded up $0.23 during mid-day trading on Wednesday, hitting $19.48. The company had a trading volume of 327,989 shares, compared to its average volume of 947,839. Urban Edge Properties has a fifty-two week low of $18.46 and a fifty-two week high of $24.11. The business’s fifty day moving average is $20.22 and its two-hundred day moving average is $21.16.
Urban Edge Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Tuesday, September 15th.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on UE shares. Weiss Ratings cut Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wall Street Zen raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Sunday, September 20th. Finally, UBS Group reduced their target price on shares of Urban Edge Properties from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.67.
View Our Latest Stock Report on UE
About Urban Edge Properties
Urban Edge Properties (NYSE: UE) is a self-managed real estate investment trust that owns, manages and develops retail and mixed-use properties. Its portfolio is focused primarily on shopping centers anchored by grocery stores and other essential-service retailers, as well as properties serving densely populated communities.
The company’s properties are concentrated in the Washington, DC, and New York metropolitan areas, including locations in the surrounding suburbs. Urban Edge typically seeks to enhance the value of its properties through leasing, redevelopment, property improvements and selective acquisitions or dispositions.
Urban Edge was formed as an independent publicly traded company through a spin-off from Vornado Realty Trust in 2015.
Read More
- Five stocks we like better than Urban Edge Properties
- Sherwin-Williams Remains Evergreen in a Frozen Housing Market
- Palantir’s Q3 Bar Is Higher Than It Looks: 3 Numbers to Watch
- Johnson Controls Beats the Heat in AI Data Centers
- 3 Growth Stocks Under $20 With Hard Catalyst Dates Ahead
Receive News & Ratings for Urban Edge Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Edge Properties and related companies with MarketBeat.com's FREE daily email newsletter.
