Welcome to our dedicated page for Urban Edge Pptys news (Ticker: UE), a resource for investors and traders seeking the latest updates and insights on Urban Edge Pptys stock.
Urban Edge Properties (symbol: UE) is a well-established Real Estate Investment Trust (REIT) specializing in the acquisition, development, ownership, management, and enhancement of shopping centers, predominantly located in and around urban communities. As of now, the company boasts an owned portfolio that spans a remarkable 14.9 million square feet across 84 properties. Additionally, Urban Edge manages over 5 million square feet for other entities.
Urban Edge’s core assets are strategically concentrated within the Washington, DC to Boston corridor, with notable presence in Puerto Rico and California. The company was initially formed to hold the majority of Vornado Realty Trust's shopping center businesses, a heritage that has shaped its strong portfolio of retail properties.
The company’s holdings predominantly feature necessity and convenience-oriented retailers, including department stores, grocery stores, health clubs, and restaurants. This diversified mix of tenants generates almost all the company's revenue through collected rent, ensuring a stable income stream.
Urban Edge’s current projects and recent achievements highlight its commitment to improving and expanding its portfolio. The company is continuously investing in property enhancements to boost asset value and tenant satisfaction, particularly focusing on urban areas where retail demand remains robust.
In terms of financial condition, Urban Edge maintains a solid balance sheet, which provides it with the flexibility to pursue new investment opportunities and manage its existing assets effectively. The company’s strategic partnerships also play a crucial role in its growth, allowing it to leverage shared expertise and resources.
Overall, Urban Edge Properties stands out for its strategic focus on urban retail real estate, its robust portfolio, and its dedication to enhancing its properties and tenant relationships. This positions the company as a significant player in the REIT sector, particularly within urban settings.
Urban Edge Properties (NYSE: UE) is set to release its second quarter 2024 earnings before the market opens on July 31, 2024. An earnings conference call and audio webcast will follow at 8:30am ET. Interested parties can join via toll-free or international numbers using conference ID 13747085, or through a provided webcast link. A replay will be available on the company's website for one year post-call, with telephonic replays accessible until August 14, 2024.
Urban Edge Properties (NYSE: UE) reported strong financial results for the first quarter of 2024, with FFO as Adjusted of $0.33 per share, surpassing expectations. The company acquired two shopping centers in New Jersey, enhancing its market presence. With positive lease occupancy improvements, successful financing activities, and strategic acquisitions, Urban Edge Properties raised its full-year 2024 FFO as Adjusted guidance to $1.30 per share. The company continues its growth trajectory through active redevelopment projects and accretive transactions.
Urban Edge Properties (NYSE: UE) has declared a quarterly common dividend of $0.17 per share. The dividend is payable on June 28, 2024, to common shareholders of record on June 14, 2024.
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