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UBRAN EDGE PROPERTIES - UE STOCK NEWS

Welcome to our dedicated page for UBRAN EDGE PROPERTIES news (Ticker: UE), a resource for investors and traders seeking the latest updates and insights on UBRAN EDGE PROPERTIES 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.

News

Urban Edge Properties Invites You to Join Its First Quarter 2024 Earnings Conference Call

Rhea-AI Summary
Urban Edge Properties (UE) will release its first quarter 2024 earnings on May 7, 2024, followed by an earnings conference call and webcast. Interested parties can access the call via phone or web, with a replay available for one year. Details for participation are provided in the press release.
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Urban Edge Properties Reports Fourth Quarter and Full Year 2023 Results

Rhea-AI Summary
Urban Edge Properties (UE) reports strong financial results for Q4 2023 and FY 2023, with increased net income, FFO, and FFO as Adjusted. The company achieved growth in same-property NOI metrics driven by rent commencements on new leases and higher net recovery income. Urban Edge executed successful leasing, development, and redevelopment activities during the quarter, including the acquisition of high-quality shopping centers in Boston. The company provided a positive 2024 outlook with anticipated net income, FFO, and FFO as Adjusted per diluted share. Additionally, the Board raised the quarterly cash dividend by 6%.
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Urban Edge Properties Announces Tax Treatment of 2023 Dividend Distributions

Rhea-AI Summary
Urban Edge Properties (NYSE: UE) has announced the tax treatment of the 2023 dividend distributions on shares of its common stock. The federal income tax characteristics of the 2023 distributions paid with respect to Urban Edge Properties common stock are as follows: Distribution Type – Per share Record Date Payment Date Distribution Amount per share Ordinary Taxable Income of $0.14, Long Term Capital Gains of $0.14, and Return of Capital of $0.02. The 2023 Taxable Ordinary Dividends are treated as 'qualified REIT dividends' for purposes of Internal Revenue Code section 199A. Shareholders are advised to consult their tax advisor.
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Urban Edge Properties Announces Fourth Quarter New Leasing Activity and Asset Sales

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Urban Edge Properties (NYSE: UE) achieved a same-property portfolio leased occupancy of 96% as of December 31, 2023, the highest level since 2018. The company executed 22 new leases comprising 234,000 square feet, generating an average rent spread of 38% on a cash basis. Additionally, Urban Edge closed on $101 million of asset sales in December, representing a blended 5.8% cap rate on forward NOI. The company also completed significant capital recycling and refinancing activity in 2023, aiming to achieve a targeted FFO as adjusted of $1.35 per share in 2025.
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Urban Edge Properties Invites You to Join Its Fourth Quarter 2023 Earnings Conference Call

Rhea-AI Summary
Urban Edge Properties (UE) will release its Q4 and year-end 2023 earnings on February 14, 2024. An earnings conference call and webcast will be held the same day at 8:30am ET. Interested parties can access the call and webcast via the provided links and dial-in numbers.
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Urban Edge Properties Declares a Quarterly Common Dividend of $0.16 per Share

Rhea-AI Summary
Urban Edge Properties (NYSE: UE) has declared a regular quarterly dividend of $0.16 per common share. The dividend will be payable on December 29, 2023 to common shareholders of record on December 15, 2023.
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Urban Edge Properties Reports Third Quarter 2023 Results

Rhea-AI Summary
Urban Edge Properties (NYSE: UE) reported strong financial results for Q3 2023, with a 7% increase in earnings compared to the previous year. The company also announced the acquisition of two shopping centers in Boston for $309 million and the sale of its East Hanover Warehouse portfolio for $218 million. These capital recycling transactions are expected to increase 2024 FFO as Adjusted by $5 million annually. As a result, the company raised its 2023 guidance for FFO as Adjusted by $0.06 per share at the midpoint.
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Urban Edge Properties Invites You to Join Its Third Quarter 2023 Earnings Conference Call

Rhea-AI Summary
Urban Edge Properties (NYSE: UE) will release its Q3 2023 earnings on October 31, 2023. Earnings conference call and webcast will be held at 8:30am ET. Replay available for one year.
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Urban Edge Properties Announces Successful Debt Refinancing at Las Catalinas Mall

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Urban Edge Properties refinances mortgage loan at Las Catalinas Mall in Puerto Rico, eliminating $44.5M of debt and recording a gain of approximately $43M in Q3 2023.
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Urban Edge Properties Declares a Quarterly Common Dividend of $0.16 per Share

Rhea-AI Summary
Urban Edge Properties (NYSE: UE) has declared a regular quarterly dividend of $0.16 per common share. The dividend will be payable on September 29, 2023 to common shareholders of record on September 15, 2023.
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FAQ

What is the current stock price of UBRAN EDGE PROPERTIES (UE)?

The current stock price of UBRAN EDGE PROPERTIES (UE) is $22.61 as of December 2, 2024.

What is the market cap of UBRAN EDGE PROPERTIES (UE)?

The market cap of UBRAN EDGE PROPERTIES (UE) is approximately 2.8B.

What is Urban Edge Properties?

Urban Edge Properties is a real estate investment trust (REIT) specializing in the acquisition, development, ownership, management, and improvement of shopping centers in urban communities.

Where are Urban Edge Properties' assets located?

Urban Edge Properties' core assets are concentrated in the Washington, DC to Boston corridor, with additional properties in Puerto Rico and California.

What types of properties does Urban Edge own?

Urban Edge Properties primarily owns and manages shopping centers and malls, focusing on necessity and convenience-oriented retailers such as department stores, grocery stores, health clubs, and restaurants.

How does Urban Edge Properties generate revenue?

Urban Edge Properties generates nearly all of its revenue through the collection of rent from a large number of tenants across its portfolio.

What is the size of Urban Edge Properties' portfolio?

Urban Edge Properties owns 14.9 million square feet across 84 properties and manages over 5 million square feet for other entities.

What is the historical background of Urban Edge Properties?

Urban Edge Properties was created to hold the majority of Vornado Realty Trust's shopping center businesses, which significantly influenced its current portfolio and focus.

What recent achievements has Urban Edge Properties made?

Urban Edge Properties has been actively investing in property enhancements and expanding its portfolio, particularly focusing on urban retail properties.

Who are the typical tenants of Urban Edge Properties?

Typical tenants include department stores, grocery stores, health clubs, and restaurants, which are necessity and convenience-oriented retailers.

What is the financial condition of Urban Edge Properties?

Urban Edge Properties maintains a solid balance sheet, which provides flexibility for new investments and effective management of existing assets.

How does Urban Edge Properties contribute to urban communities?

By developing and managing shopping centers in urban areas, Urban Edge Properties enhances local retail infrastructure, supporting community needs and economic growth.

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UBRAN EDGE PROPERTIES

NYSE:UE

UE Rankings

#1760 Ranked by Market Cap
#1006 Ranked by Dividends

UE Stock Data

2.82B
124.76M
0.09%
96.32%
2.31%
REIT - Retail
Real Estate
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United States of America
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