Urban Edge Properties (UE)
NYSE:UE
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.11Last Year’s EPS
0.46Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed predominantly positive operational and financial momentum: controllable leasing activity produced outsized spreads (52% on new leases) and a sizable SNO and redevelopment pipeline ($22M annual SNO; $157M redevelopment at 13% yield) that supports raised guidance and multi-year visibility. Strong liquidity (~$1B), recent accretive acquisition at a 7.7% cap rate, and a favorable financing execution (5% swapped rate) further underpin strength. Challenges noted—an isolated increase in bad debt (primarily one Puerto Rico operator), a 30 bps occupancy dip tied to strategic recapture and short-term snow-related expense volatility (~$3.5M)—were characterized as isolated or seasonal by management. The positives (growth in FFO, same-store NOI, robust leasing, pipelines, liquidity and executed acquisition) materially outweigh the contained near-term issues.Company Guidance
FFO as Adjusted Growth
FFO as adjusted of $0.36 per share in Q1 2026, a 3% increase versus Q1 2025; company raised 2026 FFO as adjusted guidance by $0.01 at the low end to a new range of $1.48 to $1.52 per share (implying ~5% growth over 2025 at the midpoint).
Same-Property NOI Improvement
Same-property net operating income, including redevelopment, increased 2.8% year-over-year in Q1; company increased low end of same-property NOI guidance by 25 basis points to a new FY range of 3.0% to 3.75%.
Strong Leasing Activity and Spreads
Executed leases totaling 419,000 square feet in the quarter (45 leases: 13 new, 32 renewals), including 84,000 square feet of new leases at a 52% same-space cash rent spread; management expects leasing spreads to exceed 20% going forward and a record level of leasing activity in coming quarters.
Signed-But-Not-Open (SNO) Pipeline Provides Visibility
SNO pipeline represents $22 million of annual gross rent (~7% of current NOI), expected to contribute roughly $3.3 million of gross rents in the remainder of 2026 (90% of that in Q3–Q4), providing clear near-term earnings visibility through 2027.
Accretive Acquisition at Attractive Metrics
Completed acquisition of The Village at Bridgewater Commons (92,000 sq ft) for $54 million at a 7.7% cap rate; property attracts ~2.2 million visitors annually and includes strong tenants (Summit Health, Chipotle, Shake Shack, CAVA, Starbucks); acquisition structured as an accretive 1031 with expected sale of a Kohl's-anchored NJ property.
Redevelopment Stabilization and Pipeline
Stabilized four redevelopment projects during the quarter with $7 million of rent commencements (Trader Joe's & Ross; Lidl & Boot Barn; Texas Roadhouse; Big Blue) that management cited as generating nearly a 50% yield on those landlord contributions; total active redevelopment pipeline is $157 million with an expected yield of 13% and projects largely pre-leased.
Strong Liquidity and Debt Financing
Ended the quarter with nearly $1.0 billion of total liquidity, only $30 million drawn on the credit facility, and no draws on delayed-draw term loans; closed a $62.5 million 7-year nonrecourse mortgage on The Plaza at Woodbridge at an effective swapped fixed rate of ~5%, demonstrating access to favorable debt markets.
One-Time Income Items Boosting Reported Results
NAREIT FFO included an $8 million gain recorded in other income from the state of New Jersey for historical environmental remediation reimbursements; Q1 also benefited from $0.5 million of out-of-period tax refunds from settled appeals.
High Occupancy and Confidence in Full-Year Recovery
Same-property leased occupancy was 96.4% at quarter end, and management expects occupancy to rise to 97%–98% by year end as vacancies are leased and under-leased spaces are converted to higher-performing uses.
Positive Market Fundamentals in Key Geographies
Leasing demand remains strong across portfolio markets (Northeast corridor from D.C. to Boston); management highlighted particular strength in Boston and Northern New Jersey and sees secular tailwinds for well-located, grocery-anchored centers.
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
UE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $22.12 | $21.50 | -2.80% |
Feb 11, 2026 | $20.82 | $20.48 | -1.66% |
Oct 29, 2025 | $19.89 | $19.35 | -2.71% |
Jul 30, 2025 | $19.37 | $19.47 | +0.50% |
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.
FAQ
When does Urban Edge Properties (UE) report earnings?
Urban Edge Properties (UE) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Urban Edge Properties (UE) earnings time?
Urban Edge Properties (UE) earnings time is at Aug 05, 2026, After Close (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 2026 (Q2) is 0.11.