Urban Edge Props Q4 Adj. FFO $0.31 Down From $0.33 YoY, Sales $116.58M Beat $76.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Urban Edge Properties (UE) reported a Q4 adjusted FFO of $0.31 per share, a decrease from $0.33 YoY. Sales were $116.58M, surpassing the $76.34M estimate, marking a 14.75% increase from last year.
February 14, 2024 | 12:05 pm
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Urban Edge Properties reported a decrease in adjusted FFO per share but exceeded sales estimates significantly in Q4.
Despite the decrease in adjusted FFO per share, the significant beat on sales estimates and the year-over-year sales growth are likely to be viewed positively by investors, potentially leading to a short-term positive impact on UE's stock price.
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