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Urban Edge Properties
(NYSE:UE)
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Rating:62Neutral
Price Target:
$22.00
â–²(1.29% Upside)
Action:Reiterated
Date:09/07/26
UE scores as moderately attractive primarily due to solid underlying financial performance (revenue growth and strong cash generation), supported by a positive corporate update (record adjusted FFO and raised 2026 outlook). These strengths are tempered by weak technical momentum (below key moving averages with negative MACD) and a valuation headwind from a high P/E, with added uncertainty from historically volatile margins and inconsistent TTM leverage reporting.
Positive Factors
Revenue and Leasing Growth
Steady revenue expansion, same-property NOI growth, high leased occupancy and substantial new and renewal leasing indicate durable tenant demand. The $22 million of future annual rent from leases not yet commenced also provides embedded visibility into near-term organic growth.
Negative Factors
Volatile Profitability and Margins
Large year-to-year margin swings make reported profitability less predictable and complicate assessment of normalized earnings power. Negative gross profit in 2024 and unusually elevated margins in 2023 suggest that one-time items may materially influence results, weakening confidence in sustained margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Leasing Growth
Steady revenue expansion, same-property NOI growth, high leased occupancy and substantial new and renewal leasing indicate durable tenant demand. The $22 million of future annual rent from leases not yet commenced also provides embedded visibility into near-term organic growth.
Read all positive factors
Urban Edge Properties Key Performance Indicators (KPIs)
Any
Number of Leases by Segment
Counts active leases within each property segment, showing how many tenants generate rental income. A higher number of leases can mean better tenant diversification and lower single-tenant risk, while a shrinking or highly concentrated lease count can signal turnover, vacancy pressure, or dependency on a few tenants.
Counts active leases within each property segment, showing how many tenants generate rental income. A higher number of leases can mean better tenant diversification and lower single-tenant risk, while a shrinking or highly concentrated lease count can signal turnover, vacancy pressure, or dependency on a few tenants.
Data provided by:
The Fly
The FlyUrban Edge Properties (UE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.60B
Dividend Yield4.24%
Average Volume (3M)836.55K
Price to Earnings (P/E)35.9
Beta (1Y)0.59
Revenue Growth7.38%
EPS Growth-35.85%
CountryUS
Employees104
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.54
Shares Outstanding126,020,000
10 Day Avg. Volume907,849
30 Day Avg. Volume836,551
Financial Highlights & Ratios
PEG Ratio1.11
Price to Book (P/B)1.87
Price to Sales (P/S)5.11
P/FCF Ratio13.20
Enterprise Value/Market Cap1.89
Enterprise Value/Revenue9.95
Enterprise Value/Gross Profit25.90
Enterprise Value/Ebitda17.31
Forecast
1Y Price Target
$23.20Price Target Upside6.81% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)0.51
Revenue Forecast (FY)$494.96M
Urban Edge Properties Business Overview & Revenue Model
Company Description
Urban Edge Properties functions as a Real Estate Investment Trust (REIT) whose shares are publicly traded on the New York Stock Exchange. The firm is dedicated to the procurement, stewardship, enhancement, and modernization of retail properties si...
Urban Edge Properties Earnings Call Summary
Earnings Call Date:Apr 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call conveyed predominantly positive operational and financial momentum: controllable leasing activity produced outsized spreads (52% on new leases) and a sizable SNO and redevelopment pipeline ($22M annual SNO; $157M redevelopment at 13% yield) that supports raised guidance and multi-year visibility. Strong liquidity (~$1B), recent accretive acquisition at a 7.7% cap rate, and a favorable financing execution (5% swapped rate) further underpin strength. Challenges noted—an isolated increase in bad debt (primarily one Puerto Rico operator), a 30 bps occupancy dip tied to strategic recapture and short-term snow-related expense volatility (~$3.5M)—were characterized as isolated or seasonal by management. The positives (growth in FFO, same-store NOI, robust leasing, pipelines, liquidity and executed acquisition) materially outweigh the contained near-term issues.Positive Updates
FFO as Adjusted Growth
FFO as adjusted of $0.36 per share in Q1 2026, a 3% increase versus Q1 2025; company raised 2026 FFO as adjusted guidance by $0.01 at the low end to a new range of $1.48 to $1.52 per share (implying ~5% growth over 2025 at the midpoint).
Negative Updates
Quarterly Occupancy Dip
Same-property leased occupancy declined by 30 basis points sequentially and year-over-year to 96.4%, driven primarily by the recapture of the Saks box at Hanover Commons and other temporary vacancies.
Read all updates
Q1-2026 Updates
Positive
Negative
FFO as Adjusted Growth
FFO as adjusted of $0.36 per share in Q1 2026, a 3% increase versus Q1 2025; company raised 2026 FFO as adjusted guidance by $0.01 at the low end to a new range of $1.48 to $1.52 per share (implying ~5% growth over 2025 at the midpoint).
Read all positive updates
Company Guidance
Urban Edge raised 2026 FFO as adjusted guidance to $1.48–$1.52 per share (up $0.01 on the low end), implying ~5% growth vs. 2025 at the midpoint, and nudged same‑property NOI guidance up 25 bps on the low end to a new range of 3.0%–3.75% (Q1 same‑property NOI, incl. redevelopment, was +2.8%); management expects to recognize $3.3 million of gross rents from the $22 million signed‑but‑not‑open (SNO) pipeline in the remainder of 2026 (90% of that in Q3–Q4), with the SNO pipeline representing ~$22M of annual gross rent (~7% of current NOI), the active redevelopment pipeline at $157M with a 13% expected yield (four Q1 stabilizations totaling $7M that generated nearly 50% yield), a year‑end portfolio leased occupancy target of 97%–98%, guidance that incorporates $60M of dispositions, an expectation that uncollected rent will trend near 75 bps of gross rents, and the company entered the year with Q1 FFO as adjusted of $0.36 (up 3% YoY) and nearly $1.0B of total liquidity (only $30M drawn).Urban Edge Properties Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
58
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 495.09M | 471.94M | 444.97M | 416.92M | 397.94M | 425.08M |
| Gross Profit | 190.19M | 40.74M | -3.24M | 65.51M | 52.42M | 95.17M |
| EBITDA | 284.44M | 317.80M | 314.40M | 450.85M | 203.35M | 261.03M |
| Net Income | 67.93M | 93.53M | 72.56M | 248.50M | 46.17M | 102.69M |
Balance Sheet | ||||||
| Total Assets | 3.38B | 3.31B | 3.31B | 3.28B | 2.98B | 2.99B |
| Cash, Cash Equivalents and Short-Term Investments | 58.26M | 48.88M | 41.37M | 101.12M | 85.52M | 164.48M |
| Total Debt | 1.90B | 1.67B | 1.69B | 1.79B | 1.75B | 1.75B |
| Total Liabilities | 2.01B | 1.94B | 1.95B | 2.06B | 1.95B | 1.94B |
| Stockholders Equity | 1.28B | 1.29B | 1.28B | 1.15B | 976.99M | 995.33M |
Cash Flow | ||||||
| Free Cash Flow | 129.27M | 182.72M | 153.18M | 163.01M | 23.57M | 39.90M |
| Operating Cash Flow | 212.51M | 182.72M | 153.18M | 163.01M | 139.62M | 135.27M |
| Investing Cash Flow | -243.63M | -75.61M | -234.70M | -117.70M | -151.91M | -311.16M |
| Financing Cash Flow | -4.93M | -118.89M | -2.09M | 161.00K | -78.77M | -23.53M |
Urban Edge Properties Technical Analysis
Negative
21.72
Price Trends
20.60
Negative
21.61
Negative
20.83
Negative
Market Momentum
-0.37
Negative
32.29
Neutral
33.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UE, the sentiment is Negative. The current price of 21.72 is above the 20-day moving average (MA) of 19.71, above the 50-day MA of 20.60, and above the 200-day MA of 20.83, indicating a bearish trend. The MACD of -0.37 indicates Negative momentum. The RSI at 32.29 is Neutral, neither overbought nor oversold. The STOCH value of 33.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UE.
Urban Edge Properties Risk Analysis
Urban Edge Properties disclosed 2 risk factors in its most recent earnings report. Urban Edge Properties reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Urban Edge Properties Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $13.13B | 20.30 | 9.59% | 4.21% | 8.36% | 38.21% | |
74 Outperform | $8.42B | 19.21 | 14.39% | 4.51% | 5.13% | 28.20% | |
73 Outperform | $14.97B | 25.22 | 5.84% | 4.72% | 3.82% | 2.94% | |
67 Neutral | $9.30B | 21.11 | 13.28% | 4.30% | 8.04% | 25.59% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $2.56B | 52.96 | 2.41% | 4.38% | 4.69% | 102.76% | |
62 Neutral | $2.60B | 35.94 | 5.27% | 4.24% | 7.38% | -35.85% |
* Real Estate Sector Average
UE
Urban Edge Properties
19.18
0.12
0.62%
KIM
Kimco Realty
22.39
1.67
8.06%
REG
Regency Centers
71.77
2.21
3.17%
AKR
Acadia Realty
18.09
-0.50
-2.68%
FRT
Federal Realty
104.94
10.75
11.42%
BRX
Brixmor Property
27.12
1.24
4.78%
Urban Edge Properties Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Urban Edge Posts Record FFO and Raises 2026 Outlook
Positive
Aug 6, 2026
Urban Edge Properties reported second-quarter 2026 results on August 6, 2026, posting record funds from operations (FFO) as adjusted of $0.40 per share and year-to-date FFO as adjusted of $0.76 per share, despite lower net income driven by a prior...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.