Urban Edge Properties ( (UE) ) has released its Q2 earnings. Here is a breakdown of the information Urban Edge Properties presented to its investors.
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Urban Edge Properties is a 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 Properties reported strong financial performance for the second quarter of 2025, achieving a quarterly record for Funds from Operations (FFO) as Adjusted at $0.36 per share. The company also raised its full-year 2025 guidance for FFO as Adjusted, reflecting confidence in its ongoing strategy and market conditions.
Key financial highlights include an 8% increase in FFO as Adjusted for the first half of the year, reaching $0.71 per share, and a record shop occupancy level of 92.5%. The company also advanced its capital recycling program by selling two non-core properties for $41 million, contributing to year-to-date asset sales totaling $66 million. Additionally, Urban Edge executed 42 new leases, renewals, and options totaling 482,000 square feet during the quarter, with new leases generating an average cash spread of 18.8%.
Urban Edge’s strategic focus on redevelopment projects continues, with $141.8 million of active redevelopment projects underway, expected to generate a 15% yield. The company maintains a strong balance sheet with total liquidity of approximately $796 million and limited debt maturities through 2026.
Looking ahead, Urban Edge Properties has updated its 2025 full-year guidance, estimating net income of $0.70 to $0.74 per diluted share and FFO as Adjusted of $1.40 to $1.44 per diluted share. The company remains optimistic about its growth prospects, driven by strong same-property NOI growth and strategic asset management initiatives.