Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 78 properties totaling 15.1 million square feet of gross leasable area.
IPO Year: 2015
Exchange: NYSE
Website: uedge.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/21/2023 | $14.00 → $18.00 | Underweight → Equal-Weight | Morgan Stanley |
| 11/27/2023 | $18.00 | Outperform → In-line | Evercore ISI |
| 9/23/2021 | $24.00 | Outperform | Wolfe Research |
| 9/20/2021 | $21.00 | In-line → Outperform | Evercore ISI |
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-- Raises Outlook for Full-Year 2024 FFO as Adjusted -- Urban Edge Properties (NYSE:UE) (the "Company") today announced its results for the quarter ended September 30, 2024 and updated its outlook for full-year 2024. "Our third quarter results reflect continued momentum in executing our strategic plan," said Jeff Olson, Chairman and CEO. "We are pleased to announce the $126 million acquisition of The Village at Waugh Chapel in Anne Arundel County, Maryland and the sale of a single-tenant Home Depot in Union, New Jersey for $71 million. Over the last year, we have acquired $552 million of high-quality retail assets in our core markets at a 7% capitalization rate and have sold over $425 mil
Urban Edge Properties (NYSE:UE) announced today that it will release its third quarter 2024 earnings prior to the market open on Wednesday, October 30, 2024. The Company will host an earnings conference call and audio webcast on October 30, 2024 at 8:30am ET. All interested parties can access the earnings call by dialing 1-877-407-9716 (Toll Free) or 1-201-493-6779 (Toll/International) using conference ID 13748725 or by using the following link for instant telephone access to the event: Call Me. The call will also be webcast and available in listen-only mode at this link: UE Third Quarter 2024 Earnings Conference Call, or on the investors page of our website: www.uedge.com. If you are una
Urban Edge Properties (NYSE:UE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.17 per common share. The dividend will be payable on September 30, 2024 to common shareholders of record on September 13, 2024. ABOUT URBAN EDGE PROPERTIES Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 75 properties totaling 17.2 million square feet of gross leasable area. View source version on businesswire.com: https://www.businesswire.com/news/home/20240808658121/
Urban Edge Properties (NYSE:UE) (the "Company") today announced its results for the quarter ended June 30, 2024 and raised the low end of its FFO as Adjusted guidance for the full-year. "Our second quarter results reflect continued momentum from strong operating fundamentals and the benefits of our recent capital recycling activity," said Jeff Olson, Chairman and CEO. "We are especially pleased with our leasing progress, as shop occupancy grew to 89.8% in the quarter, up 520 bps compared to the second quarter of 2023. In addition, we continue to pursue exciting external growth opportunities, with a focus on acquiring attractive shopping centers that further expand our presence in our core
Urban Edge Properties (NYSE:UE) is pleased to announce that it has been named one of the best places to work in New Jersey by NJBIZ Magazine for a third consecutive year. The annual program identifies and recognizes the best employers in the state of New Jersey. "Receiving the award for Best Places to Work is a great honor and underscores our dedication to cultivating an environment that fosters growth, promotes collaboration and values diversity," said Jeff Olson, Chairman and CEO. "Our employees are the cornerstone to our success as a Company, and we appreciate their commitment." BridgeTower Media's Best Companies Group partnered with NJBIZ to identify the Best Places to Work in New J
Urban Edge Properties (NYSE:UE) today announced that it has issued its 2023 Corporate Responsibility Report which can be found on the Corporate Responsibility page of our website. Highlights of Urban Edge's 2023 Corporate Responsibility program include: Reported a 33% reduction of scope 1 and 2 greenhouse gas emissions, achieving our short-term goal of a 30% reduction one year ahead of schedule, as compared to a 2015 base year; Reduced water consumption at landlord-controlled properties by 92,000 cubic meters, representing a 31% reduction in usage as compared to 2022; Upgraded our parking lots with energy-efficient LED lighting at 100% of landlord-controlled properties, improving
Urban Edge Properties (NYSE:UE) announced today that it will release its second quarter 2024 earnings prior to the market open on Wednesday, July 31, 2024. The Company will host an earnings conference call and audio webcast on July 31, 2024 at 8:30am ET. All interested parties can access the earnings call by dialing 1-877-407-9716 (Toll Free) or 1-201-493-6779 (Toll/International) using conference ID 13747085 or by using the following link for instant telephone access to the event: Call Me. The call will also be webcast and available in listen-only mode at this link: UE Second Quarter 2024 Earnings Conference Call, or on the investors page of our website: www.uedge.com. If you are unabl
-- Raises Outlook for Full-Year 2024 FFO as Adjusted -- Urban Edge Properties (NYSE:UE) (the "Company") today announced its results for the quarter ended March 31, 2024 and updated its outlook for full-year 2024. "We had an excellent start to 2024, exceeding our plan and delivering FFO as Adjusted of $0.33 per share in the first quarter primarily due to higher NOI growth," said Jeff Olson, Chairman and CEO. "In addition, we acquired two shopping centers in New Jersey - Heritage Square and Ledgewood Commons - strengthening our presence in this core market and providing attractive growth and redevelopment opportunities. These acquisitions, totaling $117 million at an approximate capitaliz
Urban Edge Properties (NYSE:UE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.17 per common share. The dividend will be payable on June 28, 2024 to common shareholders of record on June 14, 2024. ABOUT URBAN EDGE PROPERTIES Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 76 properties totaling 17.4 million square feet of gross leasable area. View source version on businesswire.com: https://www.businesswire.com/news/home/20240501952840/en/
Urban Edge Properties (NYSE:UE) announced today that it will release its first quarter 2024 earnings prior to the market open on Tuesday, May 7, 2024. The Company will host an earnings conference call and audio webcast on May 7, 2024 at 8:30am ET. All interested parties can access the earnings call by dialing 1-877-407-9716 (Toll Free) or 1-201-493-6779 (Toll/International) using conference ID 13744877 or by using the following link for instant telephone access to the event: Call Me. The call will also be webcast and available in listen-only mode at this link: UE First Quarter 2024 Earnings Conference Call, or on the investors page of our website: www.uedge.com. If you are unable to par
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-- Raises Outlook for Full-Year 2024 FFO as Adjusted -- Urban Edge Properties (NYSE:UE) (the "Company") today announced its results for the quarter ended September 30, 2024 and updated its outlook for full-year 2024. "Our third quarter results reflect continued momentum in executing our strategic plan," said Jeff Olson, Chairman and CEO. "We are pleased to announce the $126 million acquisition of The Village at Waugh Chapel in Anne Arundel County, Maryland and the sale of a single-tenant Home Depot in Union, New Jersey for $71 million. Over the last year, we have acquired $552 million of high-quality retail assets in our core markets at a 7% capitalization rate and have sold over $425 mil
Urban Edge Properties (NYSE:UE) announced today that it will release its third quarter 2024 earnings prior to the market open on Wednesday, October 30, 2024. The Company will host an earnings conference call and audio webcast on October 30, 2024 at 8:30am ET. All interested parties can access the earnings call by dialing 1-877-407-9716 (Toll Free) or 1-201-493-6779 (Toll/International) using conference ID 13748725 or by using the following link for instant telephone access to the event: Call Me. The call will also be webcast and available in listen-only mode at this link: UE Third Quarter 2024 Earnings Conference Call, or on the investors page of our website: www.uedge.com. If you are una
Urban Edge Properties (NYSE:UE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.17 per common share. The dividend will be payable on September 30, 2024 to common shareholders of record on September 13, 2024. ABOUT URBAN EDGE PROPERTIES Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 75 properties totaling 17.2 million square feet of gross leasable area. View source version on businesswire.com: https://www.businesswire.com/news/home/20240808658121/
Urban Edge Properties (NYSE:UE) (the "Company") today announced its results for the quarter ended June 30, 2024 and raised the low end of its FFO as Adjusted guidance for the full-year. "Our second quarter results reflect continued momentum from strong operating fundamentals and the benefits of our recent capital recycling activity," said Jeff Olson, Chairman and CEO. "We are especially pleased with our leasing progress, as shop occupancy grew to 89.8% in the quarter, up 520 bps compared to the second quarter of 2023. In addition, we continue to pursue exciting external growth opportunities, with a focus on acquiring attractive shopping centers that further expand our presence in our core
Urban Edge Properties (NYSE:UE) announced today that it will release its second quarter 2024 earnings prior to the market open on Wednesday, July 31, 2024. The Company will host an earnings conference call and audio webcast on July 31, 2024 at 8:30am ET. All interested parties can access the earnings call by dialing 1-877-407-9716 (Toll Free) or 1-201-493-6779 (Toll/International) using conference ID 13747085 or by using the following link for instant telephone access to the event: Call Me. The call will also be webcast and available in listen-only mode at this link: UE Second Quarter 2024 Earnings Conference Call, or on the investors page of our website: www.uedge.com. If you are unabl
-- Raises Outlook for Full-Year 2024 FFO as Adjusted -- Urban Edge Properties (NYSE:UE) (the "Company") today announced its results for the quarter ended March 31, 2024 and updated its outlook for full-year 2024. "We had an excellent start to 2024, exceeding our plan and delivering FFO as Adjusted of $0.33 per share in the first quarter primarily due to higher NOI growth," said Jeff Olson, Chairman and CEO. "In addition, we acquired two shopping centers in New Jersey - Heritage Square and Ledgewood Commons - strengthening our presence in this core market and providing attractive growth and redevelopment opportunities. These acquisitions, totaling $117 million at an approximate capitaliz
Urban Edge Properties (NYSE:UE) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.17 per common share. The dividend will be payable on June 28, 2024 to common shareholders of record on June 14, 2024. ABOUT URBAN EDGE PROPERTIES Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 76 properties totaling 17.4 million square feet of gross leasable area. View source version on businesswire.com: https://www.businesswire.com/news/home/20240501952840/en/
Urban Edge Properties (NYSE:UE) announced today that it will release its first quarter 2024 earnings prior to the market open on Tuesday, May 7, 2024. The Company will host an earnings conference call and audio webcast on May 7, 2024 at 8:30am ET. All interested parties can access the earnings call by dialing 1-877-407-9716 (Toll Free) or 1-201-493-6779 (Toll/International) using conference ID 13744877 or by using the following link for instant telephone access to the event: Call Me. The call will also be webcast and available in listen-only mode at this link: UE First Quarter 2024 Earnings Conference Call, or on the investors page of our website: www.uedge.com. If you are unable to par
-- Provides 2024 Earnings Outlook -- -- Board Raises Quarterly Cash Dividend by 6% -- Urban Edge Properties (NYSE:UE) (the "Company") today announced its results for the quarter and year ended December 31, 2023. "2023 was a year of outstanding execution for Urban Edge," said Jeff Olson, Chairman and CEO. "Across the company, our team delivered exceptional results, ending the year especially strong as highlighted by our financing, leasing and capital recycling activity in the fourth quarter. We also simplified our business by selling our warehouse portfolio and acquiring two of the highest quality shopping centers in Boston in an accretive transaction. We remain encouraged by the conti
Urban Edge Properties (NYSE:UE) announced today the tax treatment of the 2023 dividend distributions on shares of its common stock. The federal income tax characteristics of the 2023 distributions paid with respect to Urban Edge Properties common stock (CUSIP #91704F104 and traded under ticker symbol UE) are as follows: Distribution Type – Per share Record Date Payment Date Distribution Amount per share Ordinary Taxable Income(1) Long Term Capital Gains(2)(3) Return of Capital 3/15/2023 3/31/2023 $0.16 $0.14 $0.02 $0.00 6/15/2023 6/30/2023 $0.16 $0.14 $
Morgan Stanley upgraded Urban Edge Properties from Underweight to Equal-Weight and set a new price target of $18.00 from $14.00 previously
Evercore ISI downgraded Urban Edge Properties from Outperform to In-line and set a new price target of $18.00
Wolfe Research initiated coverage of Urban Edge Properties with a rating of Outperform and set a new price target of $24.00
Evercore ISI upgraded Urban Edge Properties from In-line to Outperform and set a new price target of $21.00
Morgan Stanley reiterated coverage of Urban Edge Props with a rating of Underweight and set a new price target of $18.75 from $17.25 previously
Evercore ISI Group downgraded Urban Edge Props from Outperform to In-Line and set a new price target of $20.00
Evercore ISI downgraded Urban Edge Properties from Outperform to In-line
Morgan Stanley reiterated coverage of Urban Edge Props with a rating of Underweight and set a new price target of $17.25 from $13.50 previously
Morgan Stanley reiterated coverage of Urban Edge Properties with a rating of Underweight and set a new price target of $13.50 from $10.60 previously
Morgan Stanley reiterated coverage of Urban Edge Props with a rating of Underweight and set a new price target of $13.50 from $10.60 previously
Urban Edge Properties (NYSE:UE) announced today the appointment of Catherine D. Rice to the Company's Board of Trustees, effective March 15, 2023. Ms. Rice is a seasoned leader with an extensive background in the real estate and financial industries and on public company boards. Her more than thirty-five years of experience includes key management and CFO roles with public and private real estate companies and deep expertise in the public and private capital markets where she has been involved in over $50 billion of capital-raising and financial advisory transactions. "We are thrilled to welcome Katy to our Board," said Jeff Olson, Chairman and CEO. "She brings valuable expertise across a
Urban Edge Properties (NYSE:UE) today announced the hiring of Jeffrey S. Mooallem as Chief Operating Officer, effective January 9, 2023. Mr. Mooallem is a veteran real estate executive with extensive experience across the industry. For the past five years, he has served as the President and CEO of Gazit Horizons, a U.S. subsidiary of Gazit Globe, a global real estate company, and prior to that, he served in executive leadership positions at Equity One, Inc., Federal Realty Investment Trust and Turnberry. Mr. Mooallem has deep expertise leasing, acquiring and redeveloping retail real estate and helped lead the transformation of Serramonte Mall in Daly City, California, Aventura Mall in Avent
-- Etan Bluman Appointed Senior Vice President, Finance and Investor Relations -- Urban Edge Properties (NYSE:UE) today announced Andrea Drazin has been named Chief Accounting Officer, effective October 14, 2022. Ms. Drazin will succeed Jennifer Holmes, who will step down to pursue a new opportunity as the Chief Financial Officer of a private residential developer. Ms. Drazin, who joined Urban Edge in March 2015, currently serves as Vice President, Corporate Controller responsible for SEC reporting, corporate accounting and treasury management. Prior to joining Urban Edge in 2015, Ms. Drazin worked in the audit practice for five years at Deloitte & Touche LLP specializing in real estate.
Urban Edge Properties (NYSE:UE) today announced the appointment of Katherine M. Sandstrom to the Company's Board of Trustees, effective October 1, 2022. Ms. Sandstrom will also serve as a member of the Audit Committee and the Corporate Governance and Nominating Committee. Ms. Sandstrom brings deep experience in real estate investment including more than twenty years of service at Heitman LLC, a real estate investment management firm, where she held a variety of senior leadership positions including her role as Senior Managing Director of Public Real Estate Securities. Ms. Sandstrom oversaw the growth of assets under management to more than $5 billion invested in domestic and global funds,
-- Trustee Susan Givens to Retire from Board -- Urban Edge Properties (NYSE:UE) today announced the appointment of Mary L. Baglivo to the Company's Board of Trustees, effective September 1, 2022. Ms. Baglivo is an experienced leader with an extensive career in retail, brand marketing, advertising, and higher education. She has held Chief Executive Officer roles at several leading global advertising and communication companies in addition to leading her own brand strategy and consulting firm, The Baglivo Group. She previously served as the CEO Americas at Saatchi & Saatchi, a global marketing and advertising agency. Prior to her role at Saatchi & Saatchi, Ms. Baglivo served as President at
Urban Edge Properties (NYSE:UE) today announced the appointment of Norman K. Jenkins to the Company's Board of Trustees effective November 22, 2021. Mr. Jenkins is a seasoned executive with over 25 years of real estate and leadership experience. He is President and Chief Executive Officer of Capstone Development, a privately-held firm he founded in 2009. Capstone develops and acquires commercial and multi-family real estate, with significant expertise in public-private partnerships and developing hospitality real estate that is typically affiliated with international lodging brands. Capstone currently owns a diverse portfolio comprised of hotels, street level retail and multi-family housin
Urban Edge Properties (NYSE:UE) today announced the appointment of Susan Givens to the Company's Board of Trustees effective July 1, 2021. With this appointment, Urban Edge's Board of Trustees has increased from eight members to nine. Ms. Givens has nearly 20 years of private equity, capital markets, M&A, and finance experience. Since October 2014, she has served as Chief Executive Officer and President of New Senior Investment Group Inc. (NYSE:SNR). Prior to that, Ms. Givens was a Managing Director in the Private Equity group at Fortress Investment Group, where she spent more than 13 years. While at Fortress she also served as the Chief Financial Officer and Treasurer of New Residential I
NEW YORK--(BUSINESS WIRE)--Urban Edge Properties (NYSE:UE) announced today the appointment of Danielle De Vita as Executive Vice President of Development. Ms. De Vita most recently served as an Executive Vice President of Real Estate at Simon Property Group where she directed more than $3 billion of development projects in the Premium Outlet Platform. A lifelong resident of New Jersey, Ms. De Vita was with Simon for eighteen years and worked previously as a land use attorney. She completed developments and expansions of some of the most productive retail properties in the United States including Woodbury Common in New York, Orlando Premium Outlets in Florida, and Desert Hills Pre
2024 Outlook The Company has updated its 2024 full-year outlook, estimating net income of $0.12 to $0.17 per diluted share, FFO of $1.22 to $1.27 per diluted share, and FFO as Adjusted of $1.27 to $1.32 per diluted share. A reconciliation of the range of estimated earnings, FFO and FFO as Adjusted, as well as the assumptions used in our guidance can be found on page 4 of this release.
Urban Edge Props (NYSE:UE) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.30 by 10 percent. This is a 3.13 percent increase over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $109.626 million which beat the analyst consensus estimate of $107.693 million by 1.79 percent. This is a 10.24 percent increase over sales of $99.441 million the same period last year.
What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching: Seven Hills Realty Trust (NASDAQ:SEVN) - P/E: 7.08 Comstock Holding Co (NASDAQ:CHCI) - P/E: 6.63 PennyMac Mortgage IT (NYSE:PMT) - P/E: 8.76 Presidio Property Trust (NASDAQ:SQFT) - P/E: 0.72 Urban Edge Props (NYSE:UE) - P/E: 8.11 Most recently, Seven Hills Realty Trust reported earnings per share at
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
Urban Edge Props (NYSE:UE) reported quarterly Adjusted FFO of $0.31 per share. This is a 6.06 percent decrease over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $116.58 million which beat the analyst consensus estimate of $76.34 million by 52.71 percent. This is a 14.75 percent increase over sales of $101.59 million the same period last year.
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Morgan Stanley analyst Ronald Kamdem upgrades Urban Edge Props (NYSE:UE) from Underweight to Equal-Weight and raises the price target from $14 to $18.
Evercore ISI Group analyst Steve Sakwa downgrades Urban Edge Props (NYSE:UE) from Outperform to In-Line and announces $18 price target.
Urban Edge Props (NYSE:UE) reported quarterly FFO as Adjusted of $0.32 per share. This is a 6.67 percent increase over FFO as Adjustedof $0.30 per share from the same period last year. The company reported quarterly sales of $101.83 million which beat the analyst consensus estimate of $86.12 million by 18.25 percent. This is a 3.61 percent increase over sales of $98.29 million the same period last year.