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Dec 31, 2021
Urban Edge Q4 2021 Earnings Report
Reported fourth quarter and full year results, with board raising quarterly cash dividend on common shares.
Key Takeaways
Urban Edge Properties reported a net income attributable to common shareholders of $42.5 million, or $0.36 per diluted share, for the quarter ended December 31, 2021. FFO as Adjusted was $33.1 million, or $0.27 per share, for the quarter. Same-property NOI increased by 16.0% compared to the fourth quarter of 2020.
Net income attributable to common shareholders was $42.5 million, or $0.36 per diluted share.
Funds from Operations (FFO) applicable to diluted common shareholders was $67.8 million, or $0.56 per share.
FFO as Adjusted was $33.1 million, or $0.27 per share.
Same-property NOI increased by 16.0% compared to the fourth quarter of 2020.
Urban Edge
Urban Edge
Forward Guidance
The company did not provide specific forward guidance in this earnings report.