Education
About Us
Working with TipRanks
Follow Us
Urban Edge Properties (UE)
NYSE:UE
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
0.07Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial positives: 6% FFO growth to $1.43, 5% same property NOI for the year, record leasing spreads and shop occupancy, a $166M redevelopment pipeline with attractive unlevered yields, robust liquidity ($849M) and conservative leverage (5.8x EBITDA). Management provided concrete near-term guidance (2026 FFO $1.47–$1.52) and growth visibility into 2027 driven largely by executed leases and anchor repositionings. Offsetting items include localized tenant fallout (SACS/At Home), weather-related cost pressure (110 bps snow impact in Q4 and January), cap-rate compression making acquisition spreads smaller, and timing/entitlement risks on large redevelopments (e.g., Sunrise Mall, Gateway). On balance, the operational momentum, visible earnings pipeline, strong balance sheet, and dividend increase outweigh the manageable near-term headwinds.Company Guidance
FFO as Adjusted Growth
FFO as adjusted of $1.43 per share for FY2025, representing 6% growth year-over-year and a 3-year CAGR of ~6%, exceeding the 2023 Investor Day target of $1.35 per share.
Same Property NOI Performance
Full-year same property NOI increased 5.0% (Q4 same property NOI including redevelopment +2.9%), driven by rents commencing from the signed-but-not-open pipeline and higher net recovery income.
Record Leasing Metrics and Rent Spreads
Executed 58 new leases for >360,000 sqft with a record same-space cash rent spread of 32% for the year (new lease spreads >20% for four consecutive years). Fourth quarter: 47 leases (>200,000 sqft) including 14 new leases at an 11% spread and 33 renewals at a 17% spread.
Shop Occupancy at Record High
Shop occupancy reached a record 92.6%, up 170 basis points year-over-year; year-end overall same property lease occupancy was 96.7% and anchor occupancy ended at 97.5%.
Signed-but-Not-Open Pipeline Driving Near-Term Growth
Commenced over $16 million of new annualized gross rent in 2025 (openings from Trader Joe's, Burlington, Ross, Nordstrom Rack, Tesla, and top shop tenants). Remaining pipeline expected to generate an additional $22 million of annual gross rent (≈8% of current NOI).
High-Yield Redevelopment Execution
Completed 14 projects totaling $55 million in 2025 generating unlevered yields of 19%. Active redevelopment pipeline of $166 million underway, expected to produce a 14% unlevered return; three Q4 stabilizations produced ~26% yields.
Accretive Capital Recycling and M&A Activity
Acquired nearly $600 million of shopping centers at an average ~7% cap rate and disposed of ~ $500 million of non-core assets at ~5% cap rate. One property under contract for ~$54 million (expected to close by end of Q1) and management remains actively underwriting additional deals.
Strong Balance Sheet and Liquidity
Total liquidity of $849 million with no draws on the line of credit; ended 2025 with net debt to annualized EBITDA of 5.8x (below 6.5x target). Subsequent amendments: $700 million line maturing June 2030 plus two $125 million 12‑month delayed draw term loans to provide flexibility.
Dividend Increase and Capital Allocation
Board approved an 11% dividend increase to an annualized $0.84 per share, reflecting a payout ratio of ~56% and signaling confidence in taxable income and cash flow growth for 2026.
2026 and Longer-Term Guidance
Initial 2026 FFO as adjusted guidance of $1.47–$1.52 per share (midpoint ≈ +4.5% growth). Same property NOI guidance of +2.75% to +3.75% (including redevelopment). Company expects to grow FFO by at least 4% annually through 2027+ and projects 2027 NOI growth of ~5% with >80% of that growth tied to executed leases/LOIs/contractual rent increases.
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 |
|---|---|---|---|
Feb 11, 2026 | $21.04 | $20.69 | -1.66% |
Oct 29, 2025 | $20.09 | $19.55 | -2.71% |
Jul 30, 2025 | $19.57 | $19.67 | +0.50% |
Apr 30, 2025 | $17.67 | $17.55 | -0.66% |
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 May 06, 2026, After Close (Confirmed).
What is Urban Edge Properties (UE) earnings time?
Urban Edge Properties (UE) earnings time is at May 06, 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 (Q1) is 0.11.