Loading...
•
Dec 31, 2024
Urban Edge Q4 2024 Earnings Report
Reported fourth quarter and full year 2024 results and provided 2025 earnings outlook.
Key Takeaways
Urban Edge Properties reported strong fourth-quarter results, capping off an outstanding 2024. FFO as Adjusted increased by 8% for the year, driven by new rent commencements, record leasing activity, and accretive capital recycling. The board raised the quarterly cash dividend by 12%.
FFO as Adjusted increased by 8% for the year.
The company achieved its three-year earnings target one year ahead of plan.
Growth was driven by new rent commencements, record leasing activity and accretive capital recycling.
The board increased the quarterly cash dividend by 12%.
Forward Guidance
The company announced its outlook for full-year 2025 performance including anticipated net income of $0.32 to $0.37 per diluted share, FFO of $1.36 to $1.41 per diluted share, and FFO as Adjusted of $1.37 to $1.42 per diluted share.
Positive Outlook
- Same-property NOI growth, including properties in redevelopment, of 3.0% to 4.0%.
- Recurring G&A expenses ranging from $35 million to $37 million.
- Interest and debt expense ranging from $78.5 million to $80.5 million.
- Excludes items that impact FFO comparability, including gains and/or losses on extinguishment of debt, transaction, severance, litigation, or any one-time items outside of the ordinary course of business.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...