Urban Edge Props Q2 2024 FFO $0.32, Inline, Sales $106.546M Miss $107.552M Estimate
Portfolio Pulse from Benzinga Newsdesk
Urban Edge Properties (NYSE:UE) reported Q2 2024 FFO of $0.32 per share, meeting analyst expectations. However, the company's sales of $106.546 million missed the estimate of $107.552 million by 0.94%, though it represents a 7.55% increase from the same period last year.
July 31, 2024 | 11:09 am
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Urban Edge Properties reported Q2 2024 FFO of $0.32 per share, meeting analyst expectations. However, sales of $106.546 million missed the estimate of $107.552 million by 0.94%, though it represents a 7.55% increase from the same period last year.
The earnings per share (FFO) meeting expectations is a neutral factor, while the slight miss in sales estimates could be seen as a minor negative. However, the year-over-year sales increase of 7.55% is a positive sign. Overall, the impact on the stock price is likely to be neutral in the short term.
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