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Mar 31, 2021
Urban Edge Q1 2021 Earnings Report
Reported first quarter 2021 results, showing net income attributable to common shareholders of $20.7 million and FFO of $31.8 million.
Key Takeaways
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.
Net income attributable to common shareholders was $20.7 million, or $0.17 per diluted share.
FFO was $31.8 million, or $0.26 per share.
Same-property NOI declined by 5.8%, including properties in redevelopment.
Rent collection rate reached 95%.
Urban Edge
Urban Edge
Forward Guidance
The company did not provide specific forward guidance in this earnings report.