Urban Edge Properties Expects 2024 EPS Of $0.12-$0.17 And Adjusted FFO Of $1.24-$1.29
$UE
Real Estate
Finance
2024 Earnings Guidance
The Company's 2024 earnings guidance anticipates net income of $0.12 to $0.17 per diluted share, FFO of $1.20 to $1.25 per diluted share, and FFO as Adjusted of $1.24 to $1.29 per diluted share. Below is a summary of the underlying assumptions and a reconciliation of the range of estimated earnings, FFO, and FFO as Adjusted per diluted share.
The Company's full year outlook is based on the following assumptions:
- Same-property NOI growth, including properties in redevelopment, of 3.0% to 5.0%.
- Acquisitions of $34 million and dispositions ranging from $8 million to $40 million.
- Recurring G&A expenses ranging from $35.5 million to $37.5 million.
- Interest and debt expense ranging from $83 million to $85 million.
- Excludes items that impact FFO comparability, including gains and/or losses on extinguishment of debt, transaction, severance, litigation, or any one-time items outside of the ordinary course of business.