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Urban Edge Properties (UE)
NYSE:UE
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
0.02Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -2.89%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong year for Urban Edge Properties, highlighted by record leasing volumes, growth in FFO, and effective capital recycling. However, challenges include managing tenant bankruptcies and competitive acquisition market conditions.Company Guidance
During the Urban Edge Properties Fourth Quarter 2024 Earnings Call, the company provided detailed guidance for 2025, projecting a growth in Funds From Operations (FFO) as adjusted by 4% or more and aiming for a same-property Net Operating Income (NOI) growth of at least 3.5%. The company's pipeline of signed but not open leases is expected to contribute $8 million in gross rents in 2025, while aiming to increase leased occupancy to 97-98%. Additionally, Urban Edge plans a 12% increase in dividends, reflecting higher earnings and taxable income. The company remains focused on capital recycling, having previously acquired $550 million in assets at a 7% cap rate, funded partially by $427 million in dispositions at a 5% cap rate. With $800 million in total liquidity and plans for $75 million in capital spending in 2025, the company remains optimistic about leveraging its strong balance sheet and streamlined operations for future growth.Record Leasing Volumes and Occupancy
Urban Edge executed a record 79 new leases totaling 485,000 square feet with a same-space cash rent spread of 26%. Shop occupancy reached a new record of 91%, and same-property portfolio occupancy grew to 96.6%.
Growth in FFO and Dividend Increase
FFO as adjusted increased by 8% for the year to $1.35 per share. A 12% increase in the dividend was announced, reflecting growth in taxable income for 2025.
Strong Redevelopment Returns
Completed $30 million of redevelopment projects expected to generate a 16% unlevered return, with ongoing projects expected to yield a 15% unlevered return.
Capital Recycling Success
Acquired $550 million in assets at a 7% cap rate, funded by $427 million of dispositions at a 5% cap rate over the past 16 months, demonstrating effective capital recycling.
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UE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $20.75 | $21.19 | +2.12% |
| Oct 30, 2024 | $21.96 | $22.42 | +2.09% |
| Jul 31, 2024 | $20.40 | $19.98 | -2.06% |
| May 07, 2024 | $16.66 | $16.86 | +1.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Urban Edge Properties (UE) report earnings?
Urban Edge Properties (UE) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Urban Edge Properties (UE) earnings time?
Urban Edge Properties (UE) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UE EPS forecast?
UE EPS forecast for the fiscal quarter 2025 (Q1) is 0.09.
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