Urban Edge Earnings Reports

Urban Edge Properties delivered a strong third quarter in 2025, with significant leasing activity and a 21% cash spread on new leases. The company also expanded its footprint in the Boston area with a strategic acquisition and raised its full-year 2025 FFO as Adjusted guidance, reflecting expected annual growth of 6% over the previous year.

Urban Edge Properties delivered a strong second quarter in 2025, achieving a record FFO as Adjusted of $0.36 per share and a significant 7.4% growth in same-property NOI including redevelopment. The company continued its capital recycling program with $41 million in non-core property sales during the quarter, contributing to $66 million in year-to-date asset sales. Based on these robust results, the full-year guidance for FFO as Adjusted has been raised.

Urban Edge Properties delivered a strong first quarter with FFO as Adjusted increasing by 6.0% and same-property NOI increasing by 3.8% compared to the prior year period. The company's occupancy rates are nearing all-time highs, supported by accelerating rent growth in their markets and limited new development. Capital recycling efforts are progressing with $66 million of assets sold or under contract.

Urban Edge Properties reported strong fourth-quarter results, capping off an outstanding 2024. FFO as Adjusted increased by 8% for the year, driven by new rent commencements, record leasing activity, and accretive capital recycling. The board raised the quarterly cash dividend by 12%.

Urban Edge Properties reported a decrease in net income and FFO compared to the prior year, primarily due to a gain on debt extinguishment in 2023. However, FFO as Adjusted increased by 9% per diluted share, driven by new leases and acquisitions. The company also raised its full-year 2024 FFO as Adjusted guidance by $0.03 per share at the midpoint and anticipates reaching the high end of its 2025 FFO target.

Urban Edge Properties reported positive second quarter results with net income attributable to common shareholders of $30.759 million and FFO as Adjusted of $40.156 million. Shop occupancy grew to 89.8%, up 520 bps compared to the second quarter of 2023. The company also raised the low end of its FFO as Adjusted guidance for the full-year.

Urban Edge Properties reported a strong start to 2024, with FFO as Adjusted exceeding expectations. The company acquired two shopping centers in New Jersey for $117 million and increased its 2024 FFO as Adjusted guidance by $0.03 per share to $1.30 per share.

Urban Edge Properties reported strong fourth quarter and full year 2023 results, driven by exceptional execution across the company. The company highlighted its financing, leasing, and capital recycling activity in the fourth quarter, as well as the simplification of its business through strategic sales and acquisitions. Continued retailer demand and low levels of new supply are driving rental rates in the portfolio.

Urban Edge Properties reported a strong third quarter with a 7% increase in earnings compared to last year. The company also announced the acquisition of two shopping centers in Boston and the sale of its industrial portfolio in East Hanover. Based on the strong results and capital recycling progress, the company increased its 2023 guidance for FFO as Adjusted by $0.06 per share at the midpoint.

Urban Edge Properties reported strong second quarter results, with progress towards a targeted FFO of $1.35 per share in 2025. Leases representing $6 million of expected annual gross rent were commenced during the quarter. The company has a signed pipeline of executed leases that are expected to generate an additional $28 million in annual gross rent.

Urban Edge Properties reported a net loss of $19.1 million, or $(0.16) per diluted share, for Q1 2023, driven by a non-cash impairment charge of $34.1 million. However, the company saw an increase in FFO and same-property NOI, driven by rent commencements on new leases, higher net recovery income, and lower general and administrative expenses. The company successfully refinanced its mortgage loan secured by Bergen Town Center, reducing debt maturities through 2025.

Urban Edge Properties reported a strong fourth quarter and full year 2022, with a 22% increase in fourth quarter FFO as Adjusted compared to fourth quarter 2021 and an 11% increase year-over-year.

Urban Edge Properties reported strong third quarter performance driven by continued leasing velocity, especially in the suburbs around New York City. The company executed a lease with Target at Bruckner Commons and saw improvement in shop occupancy with the addition of tenants like First Watch and Shake Shack. Future gross rent from leases executed but not yet commenced grew to $28 million.

Urban Edge Properties reported strong second quarter 2022 results, with record levels of leasing activity. Net income attributable to common shareholders was $11.6 million, or $0.10 per diluted share. The Company increased same-property Net Operating Income by 1.2% compared to the second quarter of 2021.

Urban Edge Properties announced positive first quarter results, with a focus on improving retail real estate and increasing occupancy. The company is focused on achieving 96% occupancy and monetizing non-income producing land.

Urban Edge Properties reported a net income attributable to common shareholders of $42.5 million, or $0.36 per diluted share, for the quarter ended December 31, 2021. FFO as Adjusted was $33.1 million, or $0.27 per share, for the quarter. Same-property NOI increased by 16.0% compared to the fourth quarter of 2020.

Urban Edge Properties reported a strong third quarter with net income attributable to common shareholders of $27.8 million, or $0.24 per diluted share, and increased same-property NOI by 26.4% compared to the third quarter of 2020. The company's occupancy growth came from both new anchor tenants and record shop leasing activity.

Urban Edge Properties reported positive second quarter results, driven by strength in the retail industry and higher leasing volumes. Net income attributable to common shareholders was $12.5 million, or $0.11 per diluted share. Same-property NOI increased by 23.9%.

Urban Edge Properties reported a net income attributable to common shareholders of $20.7 million, or $0.17 per diluted share, for the first quarter of 2021. FFO was $31.8 million, or $0.26 per share. The company's rent collection rate reached 95%, and they maintain a strong liquidity position of approximately $1 billion.

Urban Edge Properties reported a net income attributable to common shareholders of $19.0 million, or $0.16 per diluted share, for the quarter. The company's same-property NOI declined by 16.6% compared to the fourth quarter of 2019, impacted by uncollectible rental revenue due to the COVID-19 pandemic. However, the company maintains a strong liquidity position with approximately $1 billion available.

Urban Edge Properties reported a net loss of $5.8 million for the third quarter of 2020. Same-property occupancy increased to 93.0%, up 40 basis points compared to June 30, 2020 and up 30 basis points compared to September 30, 2019. The Company collected 83% of gross rent for the third quarter.

Urban Edge Properties reported a net income of $32.5 million, or $0.27 per diluted share. The results were impacted by $12.5 million of rental revenue deemed uncollectible due to the COVID-19 pandemic. The company maintains a strong balance sheet with $640 million of cash on hand.

Urban Edge Properties reported a net income of $51.3 million, or $0.40 per diluted share, for the first quarter of 2020. The company maintains a strong balance sheet with approximately $1 billion in total liquidity.

Urban Edge Properties reported a net income of $3.5 million, or $0.03 per diluted share, for the fourth quarter of 2019. The company executed 27 new leases, renewals and options totaling 268,000 sf during the quarter. They also purchased three assets for $38 million during the quarter and acquired Kingswood Center and Kingswood Crossing for $165 million.