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

Urban Edge Properties (NYSE:UE) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.29, FiscalAI reports. The firm had revenue of $119.56 million for the quarter, compared to the consensus estimate of $120.49 million.

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 Trading Up 1.2%

Urban Edge Properties stock traded up $0.23 during trading hours on Wednesday, hitting $19.48. The stock had a trading volume of 327,989 shares, compared to its average volume of 947,839. Urban Edge Properties has a fifty-two week low of $18.46 and a fifty-two week high of $24.11. The company has a 50-day moving average of $20.22 and a two-hundred day moving average of $21.16.

Urban Edge Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, September 15th.

Analyst Ratings Changes

A number of research firms have recently commented on UE. UBS Group dropped their price objective on Urban Edge Properties from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Weiss Ratings downgraded Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Sunday, September 20th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Urban Edge Properties has an average rating of “Moderate Buy” and a consensus 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.