Urban Edge initiated with a Buy at BTIG

BTIG analyst Michael Gorman initiated coverage of Urban Edge (UE) with a Buy rating and $23 price target Urban Edge’s 70-plus properties are largely concentrated in the Northeast Corridor, notes the analyst, who sees the company providing investors with “a solid opportunity for growth” through the existing portfolio, redevelopment potential, and new investments. The firm estimates FFO per share of $1.42 in 2025 and $1.50 in 2026, implying growth of 6.0% and 5.6%, respectively.