Streetbeat News

UE

Urban Edge Properties

https://www.uedge.com

Industry

REIT - Diversified

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 totaling 15.1 million square feet of gross leasable area.

Open

23.00

Mkt cap

2.9B

Volume

208K

High

23.09

P/E Ratio

10.28

52-wk high

23.85

Low

22.89

Div yield

0.03

52-wk low

15.80

Urban Edge Properties has delivered over 47% total returns since November 2023, with a forward yield of 2.89% and a P/FFO multiple of 17.63x. The article questions UE's valuation compared to peers KIM, REG, and FRT, and explores its advantages and vulnerabilities.

Portfolio Pulse from

November 10, 2024 | 9:30 am

Urban Edge Properties has raised its FY2024 Funds From Operations (FFO) guidance from $1.29-1.32 to $1.32-1.35, surpassing the analyst estimate of $1.32.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:24 am

Urban Edge Properties (NYSE:UE) reported Q3 earnings of $0.35 per share, surpassing the $0.33 estimate and showing a 9.37% increase from last year. Sales reached $112.43M, slightly above the $112.26M estimate, marking a 10.40% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:05 am

Evercore ISI Group has maintained an 'In-Line' rating for Urban Edge Properties (NYSE:UE) and raised its price target from $21 to $22.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:28 pm

Evercore ISI Group has maintained an 'In-Line' rating for Urban Edge Properties (NYSE:UE) and raised its price target from $20 to $21.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 5:22 pm

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.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:09 am

Urban Edge Properties has updated its 2024 outlook, expecting EPS of $0.12 to $0.17 and adjusted FFO of $1.27 to $1.32 per diluted share, an increase from the prior forecast of $1.24 to $1.29, versus a consensus of $1.28.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:13 am

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.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:04 am

Benzinga Insights identifies 5 value stocks in the real estate sector with low P/E multiples, suggesting undervaluation. The stocks include Seven Hills Realty Trust (SEVN), Comstock Holding Co (CHCI), PennyMac Mortgage IT (PMT), Presidio Property Trust (SQFT), and Urban Edge Props (UE), each showing recent financial performance and dividend yields.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:39 pm

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.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:05 pm

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