Urban Edge Properties (UE)
NYSE:UE
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Urban Edge Properties
(NYSE:UE)
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Rating:62Neutral
Price Target:
$21.50
▲(5.34% Upside)
Action:DowngradedDate:03/24/26
The score is driven primarily by stable-but-inconsistent fundamentals (revenue growth and adequate cash flow offset by leverage and volatility in profitability/FCF) and reinforced by a positive earnings call with clear growth guidance, strong leasing metrics, and solid liquidity. These positives are tempered by mixed near-term technical signals and a relatively high P/E despite a supportive dividend yield.
Positive Factors
Leasing strength and rent spreads
Consistently strong leasing activity and outsized rent spreads indicate durable tenant demand and pricing power in the portfolio. High spreads and rising shop occupancy increase recurring NOI and create multi-year visibility into rent roll growth, supporting sustainable FFO expansion even if market cycles soften.
Negative Factors
Meaningful leverage and refinancing sensitivity
Debt levels typical for retail REITs nevertheless leave the company exposed to interest-rate and refinancing risk. While leverage is trending down, meaningful debt above equity increases sensitivity to cap-rate moves and reduces flexibility for opportunistic investments if market funding tightens or maturities cluster.
Read all positive and negative factors
Positive Factors
Negative Factors
Leasing strength and rent spreads
Consistently strong leasing activity and outsized rent spreads indicate durable tenant demand and pricing power in the portfolio. High spreads and rising shop occupancy increase recurring NOI and create multi-year visibility into rent roll growth, supporting sustainable FFO expansion even if market cycles soften.
Read all positive factors
Urban Edge Properties (UE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.78B
Dividend Yield3.99%
Average Volume (3M)739.33K
Price to Earnings (P/E)25.8
Beta (1Y)0.66
Revenue Growth5.29%
EPS Growth-60.36%
CountryUS
Employees109
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.10
Shares Outstanding125,972,786
10 Day Avg. Volume969,547
30 Day Avg. Volume739,331
Financial Highlights & Ratios
PEG Ratio1.11
Price to Book (P/B)1.87
Price to Sales (P/S)5.11
P/FCF Ratio13.20
Enterprise Value/Market Cap1.53
Enterprise Value/Revenue9.02
Enterprise Value/Gross Profit104.47
Enterprise Value/Ebitda13.40
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.46
Revenue Forecast (FY)$466.72M
Urban Edge Properties Business Overview & Revenue Model
Company Description
Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 78 properties ...
Urban Edge Properties Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
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.Positive Updates
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.
Negative Updates
Anchor Occupancy Decline and Specific Takebacks
Anchor occupancy declined by 50 basis points year-over-year due to taking back one space (At Home at Ledgewood Commons). Management expects to re-tenant accretively but noted the anchor decline as a near-term drag.
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
The company guided 2026 FFO as adjusted per share to $1.47–$1.52 (midpoint ~4.5% growth) with same‑property NOI (including redevelopment) of 2.75%–3.75% (management also says “above 3%”), and a goal to return leased occupancy toward its historical ~98%; guidance assumes full‑year fallout from SACS at East Hanover, credit losses of 50–75 bps, and $6 million of gross rent recognized in 2026 from the signed‑but‑not‑open pipeline (≈75% of that coming in H2). The company plans $70–$80 million of redevelopment spend in 2026 (from a $166 million active pipeline with $86 million remaining to fund) plus $20 million of maintenance CapEx, expects recurring G&A of $34.5–$36.5 million, and approved an 11% dividend increase to an annualized $0.84/share (≈56% FFO payout). Balance sheet metrics: total liquidity of $849 million, net debt/annualized EBITDA of 5.8x (below a 6.5x target), a $54 million acquisition under contract, and longer‑term expectations of at least 4% annual FFO growth from 2027 and roughly 5% NOI growth in 2027.Urban Edge Properties Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
54
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 471.94M | 444.97M | 416.92M | 397.94M | 425.08M |
| Gross Profit | 40.74M | -3.24M | 65.51M | 52.42M | 95.17M |
| EBITDA | 317.51M | 309.80M | 461.60M | 207.65M | 259.22M |
| Net Income | 93.53M | 72.56M | 248.50M | 46.17M | 102.69M |
Balance Sheet | |||||
| Total Assets | 3.31B | 3.31B | 3.28B | 2.98B | 2.99B |
| Cash, Cash Equivalents and Short-Term Investments | 48.88M | 41.37M | 101.12M | 85.52M | 164.48M |
| Total Debt | 1.67B | 1.69B | 1.79B | 1.75B | 1.75B |
| Total Liabilities | 1.94B | 1.95B | 2.06B | 1.95B | 1.94B |
| Stockholders Equity | 1.29B | 1.28B | 1.15B | 976.99M | 995.33M |
Cash Flow | |||||
| Free Cash Flow | 182.72M | 153.18M | 163.01M | 23.57M | 39.90M |
| Operating Cash Flow | 182.72M | 153.18M | 163.01M | 139.62M | 135.27M |
| Investing Cash Flow | -75.61M | -234.70M | -117.70M | -151.91M | -311.16M |
| Financing Cash Flow | -118.89M | -2.09M | 161.00K | -78.77M | -23.53M |
Urban Edge Properties Technical Analysis
Positive
20.41
Price Trends
20.43
Positive
19.64
Positive
19.47
Positive
Market Momentum
0.08
Negative
63.70
Neutral
87.65
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UE, the sentiment is Positive. The current price of 20.41 is below the 20-day moving average (MA) of 20.43, below the 50-day MA of 20.43, and above the 200-day MA of 19.47, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 63.70 is Neutral, neither overbought nor oversold. The STOCH value of 87.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UE.
Urban Edge Properties Risk Analysis
Urban Edge Properties disclosed 42 risk factors in its most recent earnings report. Urban Edge Properties reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Urban Edge Properties Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $1.08B | 8.57 | 4.81% | 5.13% | 1.30% | -6.14% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | $3.82B | 31.75 | 3.41% | 6.72% | 3.87% | -37.59% | |
62 Neutral | $2.78B | 25.79 | 8.71% | 3.99% | 5.29% | -60.36% | |
61 Neutral | $890.45M | 23.09 | 4.56% | 2.16% | 0.45% | -24.85% | |
54 Neutral | $2.07B | -8.52 | -12.68% | 10.29% | -28.94% | -28.24% |
* Real Estate Sector Average
UE
Urban Edge Properties
20.95
4.25
25.43%
SAFE
Safehold
15.03
0.68
4.72%
ESRT
Empire State Realty
5.20
-1.80
-25.68%
GNL
Global Net Lease
9.66
2.96
44.09%
BNL
Broadstone Net Lease
19.92
5.31
36.37%
Urban Edge Properties Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Urban Edge Posts Strong Q4 2025 Results, Raises Dividend
Positive
Feb 11, 2026
Urban Edge Properties reported its fourth-quarter and full-year 2025 results on February 11, 2026, highlighting record leasing activity, strong rent spreads and high retail shop occupancy of 92.6%. The company achieved a 6% year-over-year increase...
Business Operations and StrategyPrivate Placements and Financing
Urban Edge Expands and Extends Unsecured Credit Facilities
Positive
Jan 22, 2026
On January 22, 2026, Urban Edge Properties’ operating partnership entered into amended and expanded unsecured credit facilities totaling $950 million, increasing its aggregate borrowing capacity by $150 million and significantly extending de...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.