Urban Edge Properties (NYSE:UE) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Urban Edge Properties (NYSE:UE) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03, FiscalAI reports. The firm had revenue of $122.78 million during the quarter, compared to the consensus estimate of $117.86 million. Urban Edge Properties had a return on equity of 4.92% and a net margin of 13.72%. Urban Edge Properties updated its FY 2026 guidance to 1.500-1.540 EPS.

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

• Urban Edge reported record second-quarter FFO as adjusted of $0.40 per share, up 10% year over year, while same-property NOI increased 3.2%. Management raised full-year FFO guidance to $1.50–$1.54 per share and lifted the low end of its same-property NOI growth forecast.
• Leasing demand remained strong, with new-lease cash spreads near 30% year to date and expected to exceed 20% for the full year. The company is selectively replacing weaker tenants with higher-quality names, although this strategy has temporarily reduced shop occupancy.
• The company’s $22 million signed-not-open pipeline and $155 million redevelopment pipeline provide visible future growth, including more than $8 million of annual rent expected from new tenants at Bruckner Commons beginning in 2027.
• Retail acquisition pricing has become more competitive, compressing cap rates to roughly 5%–7% and limiting opportunities that meet return thresholds. Second-quarter earnings also benefited from approximately $0.03 per share of one-time items, including Wren Kitchens termination income and a tax refund.
• Same-property leased occupancy declined to 96.3% and shop occupancy to 91.7%, partly because of the Wren Kitchens bankruptcy and deliberate recapture of weaker tenants. Management expects shop occupancy to recover above 93% and blended occupancy to approach 97% by year-end.

Urban Edge Properties Stock Performance

UE stock traded up $0.06 during mid-day trading on Friday, hitting $21.59. 966,454 shares of the company were exchanged, compared to its average volume of 776,234. Urban Edge Properties has a 1-year low of $18.46 and a 1-year high of $24.11. The stock has a market capitalization of $2.72 billion, a PE ratio of 39.99 and a beta of 0.98. The business has a 50 day simple moving average of $22.87 and a 200-day simple moving average of $21.58. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21.

Urban Edge Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 3.9%. Urban Edge Properties’s dividend payout ratio (DPR) is 97.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group increased their price objective on Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Edge Properties in a research report on Friday, July 24th. Finally, BTIG Research restated a “buy” rating and set a $25.00 price objective on shares of Urban Edge Properties in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Urban Edge Properties has a consensus rating of “Hold” and an average target price of $23.20.

Insider Activity at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 19,034 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $21.62, for a total transaction of $411,515.08. Following the transaction, the chief executive officer owned 3,665 shares in the company, valued at approximately $79,237.30. This trade represents a 83.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Institutional Trading of Urban Edge Properties

Several institutional investors have recently added to or reduced their stakes in UE. Mercer Global Advisors Inc. ADV bought a new position in Urban Edge Properties during the 4th quarter worth $205,000. Empowered Funds LLC bought a new stake in shares of Urban Edge Properties in the fourth quarter valued at about $78,000. Wellington Management Group LLP boosted its position in shares of Urban Edge Properties by 1.8% in the fourth quarter. Wellington Management Group LLP now owns 4,606,296 shares of the real estate investment trust’s stock valued at $88,395,000 after acquiring an additional 82,594 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Urban Edge Properties in the fourth quarter valued at about $16,858,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Urban Edge Properties in the fourth quarter valued at about $8,021,000. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Company Profile

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.