Urban Edge Properties (NYSE:UE) Releases Earnings Results

Urban Edge Properties (NYSE:UE) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03, FiscalAI reports. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. The business had revenue of $122.78 million for the quarter, compared to analysts’ expectations of $117.86 million. 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 Up 0.3%

Shares of UE stock traded up $0.06 on Friday, hitting $21.59. The company’s stock had a trading volume of 966,454 shares, compared to its average volume of 776,234. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 39.99 and a beta of 0.98. Urban Edge Properties has a fifty-two week low of $18.46 and a fifty-two week high of $24.11. The firm’s fifty day moving average price is $22.87 and its 200-day moving average price is $21.58. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08.

Urban Edge Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Urban Edge Properties’s payout ratio is presently 97.67%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 19,034 shares of the firm’s stock in a transaction dated 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 directly owned 3,665 shares in the company, valued at $79,237.30. This trade represents a 83.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by insiders.

Institutional Trading of Urban Edge Properties

Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in shares of Urban Edge Properties in the third quarter worth about $92,600,000. Balyasny Asset Management L.P. bought a new stake in Urban Edge Properties during the 4th quarter valued at approximately $16,858,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Urban Edge Properties in the 4th quarter valued at approximately $12,777,000. Goldman Sachs Group Inc. grew its holdings in Urban Edge Properties by 28.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,220,870 shares of the real estate investment trust’s stock valued at $42,618,000 after buying an additional 490,910 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in Urban Edge Properties in the 4th quarter worth approximately $8,021,000. Institutional investors own 94.94% of the company’s stock.

About Urban Edge Properties

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.