Urban Edge Properties/$UE

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About Urban Edge Properties

Urban Edge Properties is a real estate investment trust principally focused on the management and development of retail real estate properties in urban communities in the U.S. Having originally been created to hold the majority of Vornado Realty Trust's shopping center businesses, Urban Edge's asset portfolio is mostly composed of shopping centers and malls in terms of total square footage. The company's holdings include necessity and convenience-oriented retailers, such as department stores, grocers, health clubs, and restaurants. Urban Edge's properties are mainly located in the New York City metropolitan region and within the DC to Boston corridor. The company generates nearly all of its revenue through the collection of rent from a large number of tenants.
Ticker
$UE
Primary listing
NYSE
Employees
104

UE Metrics

BasicAdvanced
$2.5B
37.30
$0.54
1.00
$0.80
4.19%

Bulls say / Bears say

UE raised its 2026 FFO-as-Adjusted guidance to $1.50-$1.54 per share after reporting record second-quarter FFO as Adjusted of $0.40 per share and 3.2% same-property NOI growth. (SEC earnings release)
The company has embedded external and contractual growth: signed leases not yet commenced represent $22.0 million of future annual gross rent, equal to approximately 7% of current annualized NOI, and management expects $1.7 million of that amount to commence during the remainder of 2026. (SEC earnings release)
UE retains meaningful balance-sheet capacity for acquisitions and redevelopment, with approximately $957 million of liquidity, net debt equal to 34% of market capitalization, and active redevelopment projects expected to generate an approximate 12% yield. (SEC earnings release)
Refinancing is a material risk: UE had $1.64 billion of mortgages outstanding at June 30, 2026, with $119.2 million of debt maturities in the remainder of 2026 and $272.4 million due in 2027. (SEC filing)
Interest-rate sensitivity could pressure cash flow if debt is refinanced at higher rates; UE estimates that a 1-percentage-point increase in rates on its fixed-rate debt at refinancing would add approximately $16.4 million to annual interest expense. (SEC filing)
Operating momentum is not risk-free: same-property leased occupancy declined 40 basis points year over year to 96.3%, while second-quarter same-property NOI growth benefited partly from out-of-period collections on past-due rent. (SEC earnings release)
Data summarised monthly by Lightyear AI. Last updated on 8 Sept 2026.
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