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Jun 30, 2022
Urban Edge Q2 2022 Earnings Report
Reported second quarter 2022 results, achieving record levels of leasing activity and attracting high-quality tenants.
Key Takeaways
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.
Generated net income attributable to common shareholders of $11.6 million, or $0.10 per diluted share.
Generated Funds from Operations (FFO) applicable to diluted common shareholders of $36.2 million, or $0.30 per share.
Increased same-property Net Operating Income (NOI) by 1.2% compared to the second quarter of 2021.
Reported same-property portfolio leased occupancy of 94.9%, an increase of 100 basis points compared to March 31, 2022 and an increase of 270 basis points compared to June 30, 2021.
Forward Guidance
No forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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