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Dec 31, 2019
Urban Edge Q4 2019 Earnings Report
Reported results for the quarter and year ended December 31, 2019.
Key Takeaways
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.
Generated net income of $3.5 million, or $0.03 per diluted share, for the quarter.
Generated Funds from Operations applicable to diluted common shareholders (FFO) of $34.8 million, or $0.27 per share, for the quarter.
Generated FFO as Adjusted of $36.3 million, or $0.29 per share, for the quarter.
Executed 27 new leases, renewals and options totaling 268,000 sf during the quarter.
Urban Edge
Urban Edge
Forward Guidance
Urban Edge Properties remains on target to meet the goals outlined in their strategic plan.