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.
Net income attributable to common shareholders increased to $14.9 million in Q3 2025 from $9.1 million in Q3 2024.
The company executed over 340,000 square feet of leasing transactions, generating a cash spread of 21% on new leases, renewals, and options on a same-space basis.
Urban Edge acquired Brighton Mills Shopping Center for $39 million, expanding its presence in the Boston market.
Full-year 2025 FFO as Adjusted guidance was raised by $0.01 per share at the mid-point, indicating expected annual growth of 6%.
Urban Edge Properties has raised its full-year 2025 guidance for net income and FFO, and updated its range for FFO as Adjusted, reflecting strong performance and positive outlook.
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