Urban Edge Props Q1 2024 AFFO $0.33 Beats $0.30 Estimate, Sales $109.626M Beat $107.693M Estimate
Portfolio Pulse from Benzinga Newsdesk
Urban Edge Properties (UE) reported Q1 2024 AFFO of $0.33 per share, surpassing the $0.30 estimate, and sales of $109.626M, exceeding the $107.693M estimate. This represents a 3.13% increase in earnings and a 10.24% increase in sales over the same period last year.
May 07, 2024 | 11:04 am
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POSITIVE IMPACT
Urban Edge Properties reported a strong Q1 2024 with earnings and sales exceeding estimates, indicating robust financial health and operational efficiency.
Urban Edge Properties' earnings and sales for Q1 2024 not only surpassed analyst estimates but also showed significant improvement from the previous year. This positive performance could lead to increased investor confidence and potentially drive the stock price up in the short term. The beat on both top and bottom lines suggests that the company is managing its operations efficiently in a challenging environment, which is a positive signal to investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100