Urban Edge

Feb 12, 2020

•

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.