Urban Edge Properties (NYSE:UE) Posts Earnings Results, Beats Expectations By $0.29 EPS

Urban Edge Properties (NYSE:UE) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.29, FiscalAI reports. The company had revenue of $119.56 million for the quarter, compared to analyst estimates of $120.49 million. Urban Edge Properties had a net margin of 21.12% and a return on equity of 7.53%.

Here are the key takeaways from Urban Edge Properties’ conference call:

• Raised 2026 guidance—FFO per share guidance increased to $1.52–$1.54, implying 7% growth, while same-property NOI growth guidance rose to a 4.1% midpoint.
• Leasing momentum remained strong, with 28% year-to-date new-lease cash spreads, 96.6% same-property leased occupancy, and a $21 million signed-but-not-open pipeline that management expects to support future growth.
• Capital recycling and redevelopment are improving portfolio quality and returns. The company acquired $185 million of centers this year, including Florida entry asset Regency Court, and completed third-quarter projects at an 18% average yield.
• Regency Court expands Urban Edge into South Florida but was acquired at an approximately 4% initial yield, making the investment dependent on future rent mark-to-market, tenant renewals, redevelopment, and potential additional acquisitions in the region.
• Liquidity remains strong at more than $875 million, while lower tenant improvement and leasing costs are reducing capital requirements; management said average leasing costs have declined about 15% for shops and more than 30% for anchors since 2024.

Urban Edge Properties Stock Down 0.3%

UE traded down $0.06 during mid-day trading on Friday, reaching $19.62. 72,761 shares of the stock were exchanged, compared to its average volume of 956,410. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.57 and a current ratio of 1.89. The stock has a market capitalization of $2.48 billion, a PE ratio of 23.66 and a beta of 0.99. The company has a 50 day moving average price of $20.13 and a two-hundred day moving average price of $21.16. Urban Edge Properties has a 1 year low of $18.46 and a 1 year high of $24.11.

Urban Edge Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 4.3%. Urban Edge Properties’s dividend payout ratio (DPR) is 155.56%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UE shares. UBS Group lowered their price target on shares of Urban Edge Properties from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, October 9th. Weiss Ratings downgraded Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Sunday, September 20th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Urban Edge Properties Company Profile

Urban Edge Properties (NYSE: UE) is a self-managed real estate investment trust that owns, manages and develops retail and mixed-use properties. Its portfolio is focused primarily on shopping centers anchored by grocery stores and other essential-service retailers, as well as properties serving densely populated communities.

The company’s properties are concentrated in the Washington, DC, and New York metropolitan areas, including locations in the surrounding suburbs. Urban Edge typically seeks to enhance the value of its properties through leasing, redevelopment, property improvements and selective acquisitions or dispositions.

Urban Edge was formed as an independent publicly traded company through a spin-off from Vornado Realty Trust in 2015.