Urban Edge Properties (NYSE:UE) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Urban Edge Properties (NYSE:UE) announced its earnings results on Wednesday. The real estate investment trust reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06, FiscalAI reports. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. The business had revenue of $132.62 million during the quarter, compared to analysts’ expectations of $119.45 million. Urban Edge Properties updated its FY 2026 guidance to 1.480-1.52 EPS.

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

• Generated FFO as adjusted of $0.36 per share in Q1 (up 3% YoY) and raised 2026 FFO as adjusted guidance to $1.48–$1.52 (a $0.01 increase at the low end), implying ~5% growth at the midpoint.
• Strong leasing momentum — executed 419,000 sq ft of leases (13 new, 32 renewals) with new deals at a 52% cash spread; the signed-but-not-open pipeline represents $22M of annual gross rent (~7% of current NOI) and leasing spreads are expected to exceed 20%.
• Growth projects and liquidity — a $157M redevelopment pipeline with an expected 13% yield (four projects stabilized this quarter) plus a new $62.5M 7-year mortgage at a 5% swap and nearly $1B of total liquidity provide capital flexibility.
• Occupancy edged down to 96.4% (down 30 bps) driven by recapture of the Saks box, but management expects to reach 97–98% by year-end and is proactively reclaiming under‑leased space to drive rent upside.
• Q1 bad debt rose due to an isolated Puerto Rico franchisee (six QSR locations) that was moved to a cash basis, though a payment plan is in place; company now expects uncollected rents to run near 75 bps of gross rents for the year.

Urban Edge Properties Stock Performance

NYSE:UE traded down $0.04 during mid-day trading on Friday, hitting $21.88. The stock had a trading volume of 390,384 shares, compared to its average volume of 968,453. Urban Edge Properties has a twelve month low of $17.46 and a twelve month high of $22.26. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02. The company’s 50 day simple moving average is $20.88 and its 200 day simple moving average is $19.96. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.74 and a current ratio of 2.08.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $0.21 dividend. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, March 13th. This represents a $0.84 annualized dividend and a yield of 3.8%. Urban Edge Properties’s dividend payout ratio (DPR) is 112.00%.

Institutional Trading of Urban Edge Properties

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV bought a new stake in shares of Urban Edge Properties during the 4th quarter worth about $205,000. Empowered Funds LLC bought a new stake in shares of Urban Edge Properties during the 4th quarter worth about $78,000. Wellington Management Group LLP boosted its holdings in shares of Urban Edge Properties by 1.8% during the 4th quarter. Wellington Management Group LLP now owns 4,606,296 shares of the real estate investment trust’s stock worth $88,395,000 after buying an additional 82,594 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Urban Edge Properties during the 4th quarter worth about $16,858,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Urban Edge Properties during the 4th quarter worth about $8,021,000. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on UE shares. Morgan Stanley increased their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. UBS Group cut their price target on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Finally, Weiss Ratings upgraded shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Two 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.com, Urban Edge Properties currently has an average rating of “Hold” and an average target price of $22.00.

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.