Urban Edge Properties (NYSE:UE) Issues Earnings Results, Misses Estimates By $0.26 EPS

Urban Edge Properties (NYSE:UE) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.26), FiscalAI reports. Urban Edge Properties had a net margin of 23.73% and a return on equity of 8.10%. The business had revenue of $119.56 million during the quarter, compared to analyst estimates of $103.64 million. Urban Edge Properties updated its FY 2026 guidance to 1.470-1.520 EPS.

Here are the key takeaways from Urban Edge Properties’ conference call:

• Urban Edge reported FFO as adjusted of $1.43 (6% growth) and provided 2026 guidance of $1.47–$1.52 per share while the board approved an 11% dividend increase to $0.84 annualized.
• Leasing momentum remains strong with a record 32% same-space cash rent spread on new leases, record shop occupancy of 92.6%, and a signed-but-not-open pipeline expected to add $22M (≈8% of current NOI).
• Redevelopment is a key growth driver — 14 projects completed in 2025 (~$55M) averaged 19% unlevered yields, $166M of projects are underway targeting a 14% unlevered return, and anchor repositions like Bruckner are expected to meaningfully increase NOI (~$8M incremental by 2028).
• Balance sheet flexibility is strong with $849M liquidity, a new $700M credit facility and delayed‑draw term loans, but cap‑rate compression has narrowed capital‑recycling spreads, making accretive external acquisitions more competitive.
• Near‑term headwinds include expected 2026 NOI deceleration from Saks/At Home fallout and the absence of certain 2025 one‑time collections, elevated Q4 snow‑removal costs, assumed credit losses of 50–75 bps, and most SNO rent (~75%) expected in H2 implying softer H1 performance.

Urban Edge Properties Trading Down 0.2%

UE traded down $0.03 on Thursday, hitting $20.66. 55,862 shares of the company were exchanged, compared to its average volume of 933,276. The firm has a fifty day simple moving average of $19.41 and a two-hundred day simple moving average of $19.70. Urban Edge Properties has a 12 month low of $15.66 and a 12 month high of $21.87. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market capitalization of $2.60 billion, a PE ratio of 23.16 and a beta of 1.06.

Urban Edge Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.1%. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, March 13th. Urban Edge Properties’s payout ratio is 85.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Urban Edge Properties by 426.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,071 shares during the last quarter. Global Retirement Partners LLC boosted its position in Urban Edge Properties by 2,108.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,307 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of Urban Edge Properties during the third quarter worth approximately $52,000. Los Angeles Capital Management LLC bought a new position in Urban Edge Properties in the fourth quarter worth approximately $75,000. Finally, Empowered Funds LLC bought a new stake in Urban Edge Properties during the 4th quarter valued at $78,000. Institutional investors own 94.94% of the company’s stock.

Key Stories Impacting Urban Edge Properties

Here are the key news stories impacting Urban Edge Properties this week:

• Positive Sentiment: Management raised FY‑2026 EPS guidance to $1.470–$1.520 vs. consensus ~$0.83 — a large upward revision that suggests materially stronger underlying cash flow expectations and is the primary bullish catalyst. Press Release
• Positive Sentiment: Urban Edge outlined a 2026 FFO growth target of at least 4.5% and cited robust leasing activity plus a redevelopment pipeline — supports the higher guidance and longer‑term cash flow outlook. Urban Edge outlines 2026 FFO growth target
• Positive Sentiment: Dividend raised to $0.21/share this quarter (10.5% increase from $0.19), implying a ~4.1% yield; record/ex‑dividend date March 13 — supports income investor demand and signals board confidence in cash flow. (Payable March 31)
• Positive Sentiment: Top‑line beat: Q4 revenue $119.6M vs. consensus $103.6M, indicating stronger leasing/tenant performance despite EPS weakness. Q4 Earnings Snapshot
• Neutral Sentiment: Company hosted an earnings call / transcript is available for detail on drivers (leasing, redevelopments, one‑time items) — investors will parse the call for sustainability of guidance and FFO assumptions. Earnings Call Transcript
• Negative Sentiment: Q4 EPS missed: $0.10 vs. consensus $0.36 — a significant shortfall that could reflect non‑cash items, timing or higher costs; this is the primary near‑term negative and a reason for caution until cash‑flow reconciliation is clear. Earnings Details

Wall Street Analysts Forecast Growth

UE has been the topic of several research analyst reports. UBS Group decreased their target price on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Morgan Stanley increased their price objective on Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Finally, Weiss Ratings upgraded shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Urban Edge Properties presently has a consensus rating of “Hold” and a consensus price target of $22.00.

About Urban Edge Properties

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.