Urban Edge reports Q2 EPS FFO 32c, consensus 32c

Reports Q2 revenue $106.546M, consensus $107.55M…”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 markets between Washington, D.C. and Boston. We remain focused on executing our strategic plan to grow earnings and cash flow while continuing to simplify our business.”