NYSE : UE
Urban Edge Properties — Financial statements
Real Estate · REIT - Retail · United States
Last price 19.68 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.62B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 485.57M | 470.69M | 444.46M | 406.11M | 396.38M | 422.47M |
| Other Revenue | 853.00K | 1.25M | 501.00K | 10.81M | 1.56M | 2.62M |
| Total Revenue | 486.42M | 471.94M | 444.97M | 416.92M | 397.94M | 425.08M |
| Property Expenses | 171.96M | 166.03M | 160.60M | 146.09M | 148.66M | 145.25M |
| Selling, General & Administrative | 37.04M | 39.67M | 37.47M | 37.07M | 43.09M | 39.15M |
| Depreciation & Amortization | 132.79M | 139.17M | 150.39M | 108.98M | 98.43M | 92.33M |
| Total Operating Expenses | 333.69M | 344.87M | 348.46M | 292.13M | 290.18M | 276.73M |
| Operating Income | 152.73M | 127.06M | 96.51M | 124.79M | 107.76M | 148.35M |
| Interest Expense | -78.05M | -78.23M | -81.59M | -74.94M | -58.98M | -57.94M |
| Interest & Investment Income | 2.21M | 2.77M | 2.67M | 3.04M | 1.11M | 360.00K |
| Other Non-Operating Income | -349.00K | |||||
| EBT Excluding Unusual Items | 76.89M | 51.25M | 17.59M | 52.88M | 49.89M | 90.77M |
| Gain (Loss) on Sale of Assets | 36.01M | 49.70M | 38.82M | 217.71M | 353.00K | 18.65M |
| Asset Writedown | -34.05M | -468.00K | ||||
| Total Legal Settlements | -300.00K | -300.00K | ||||
| Other Unusual Items | -1.07M | -534.00K | 21.42M | 41.14M | ||
| Pretax Income | 111.53M | 100.11M | 77.83M | 277.68M | 50.24M | 108.95M |
| Income Tax Expense | 2.74M | 2.60M | 2.39M | 17.80M | 2.90M | 1.14M |
| Earnings From Continuing Operations | 108.79M | 97.51M | 75.44M | 259.88M | 47.34M | 107.81M |
| Minority Interest in Earnings | -4.36M | -3.98M | -2.88M | -11.38M | -1.17M | -5.13M |
| Net Income | 104.43M | 93.53M | 72.56M | 248.50M | 46.17M | 102.69M |
| Preferred Dividends & Other Adjustments | 55.00K | 58.00K | 65.00K | 200.00K | 23.00K | 47.00K |
| Net Income to Common | 104.38M | 93.48M | 72.50M | 248.30M | 46.15M | 102.64M |
| Basic Shares Outstanding | 125.99M | 125.69M | 121.32M | 117.51M | 117.37M | 117.03M |
| Diluted Shares Outstanding | 130.08M | 125.91M | 121.43M | 117.60M | 121.64M | 121.45M |
| EPS (Basic) | 0.83 | 0.74 | 0.60 | 2.11 | 0.39 | 0.88 |
| EPS (Diluted) | 0.83 | 0.74 | 0.60 | 2.11 | 0.39 | 0.88 |
| Dividend Per Share | 0.82 | 0.76 | 0.68 | 0.64 | 0.64 | 0.60 |
| Operating Margin | 31.40% | 26.92% | 21.69% | 29.93% | 27.08% | 34.90% |
| Profit Margin | 21.46% | 19.81% | 16.29% | 59.55% | 11.60% | 24.15% |
| EBITDA | 273.09M | 251.45M | 237.33M | 223.02M | 201.89M | 187.31M |
| EBITDA Margin | 56.14% | 53.28% | 53.34% | 53.49% | 50.73% | 44.06% |
| D&A For Ebitda | 120.36M | 124.39M | 140.82M | 98.23M | 94.13M | 38.96M |
| EBIT | 152.73M | 127.06M | 96.51M | 124.79M | 107.76M | 148.35M |
| EBIT Margin | 31.40% | 26.92% | 21.69% | 29.93% | 27.08% | 34.90% |
| Funds From Operations (FFO) | 204.68M | 186.38M | 186.73M | 184.44M | 145.17M | 180.27M |
| FFO Per Share | 1.43 | 1.48 | ||||
| Adjusted Funds From Operations (AFFO) | 205.44M | 187.14M | 169.72M | 184.44M | 145.17M | 180.27M |
| AFFO Per Share | 1.43 | 1.35 | ||||
| FFO Payout Ratio | 50.48% | 51.26% | 44.40% | 40.77% | 51.73% | 68.78% |
| Effective Tax Rate | 2.46% | 2.60% | 3.07% | 6.41% | 5.78% | 1.04% |
| Revenue as Reported | 494.52M | 471.94M | 444.97M | 416.92M | 397.94M | 425.08M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 3.07B | 2.97B | 2.93B | 2.83B | 2.60B | 2.52B |
| Cash & Equivalents | 62.64M | 48.88M | 41.37M | 101.12M | 85.52M | 164.48M |
| Accounts Receivable | 84.89M | 90.50M | 81.84M | 75.49M | 82.24M | 78.50M |
| Other Intangible Assets | 83.58M | 87.59M | 109.83M | 113.90M | 62.86M | 71.11M |
| Restricted Cash | 23.53M | 29.98M | 49.27M | 73.12M | 43.26M | 55.36M |
| Other Current Assets | 25.48M | 13.55M | 23.75M | 13.11M | 14.73M | 12.02M |
| Deferred Long-Term Tax Assets | 22.56M | 22.49M | 24.83M | 20.90M | 34.62M | 37.42M |
| Deferred Long-Term Charges | 36.67M | 33.02M | 31.25M | 32.80M | 33.55M | 22.93M |
| Other Long-Term Assets | 10.39M | 14.68M | 15.81M | 22.73M | 18.39M | 19.71M |
| Total Assets | 3.42B | 3.31B | 3.31B | 3.28B | 2.98B | 2.99B |
| Current Portion of Long-Term Debt | 111.66M | 113.55M | 23.72M | 50.63M | 21.38M | |
| Current Portion of Leases | 8.43M | |||||
| Long-Term Debt | 1.59B | 1.49B | 1.60B | 1.68B | 1.67B | 1.69B |
| Long-Term Leases | 57.56M | 50.95M | 65.62M | 56.89M | 62.80M | 67.58M |
| Accounts Payable | 20.23M | 16.07M | 16.02M | 14.24M | 6.94M | 8.06M |
| Accrued Expenses | 14.09M | 17.89M | 20.61M | 20.56M | 20.32M | 19.01M |
| Long-Term Unearned Revenue | 25.87M | 29.04M | 26.88M | 34.84M | 28.47M | 28.90M |
| Other Long-Term Liabilities | 189.39M | 206.24M | 200.93M | 200.73M | 137.11M | 126.48M |
| Total Liabilities | 2.01B | 1.94B | 1.95B | 2.06B | 1.95B | 1.94B |
| Common Stock | 1.26M | 1.26M | 1.25M | 1.18M | 1.17M | 1.17M |
| Additional Paid-In Capital | 1.17B | 1.16B | 1.15B | 1.01B | 1.01B | 1.00B |
| Retained Earnings | 137.08M | 124.57M | 126.67M | 137.11M | -36.10M | -7.09M |
| Comprehensive Income & Other | 6.83M | -703.00K | 177.00K | 460.00K | 629.00K | |
| Total Common Equity | 1.32B | 1.29B | 1.28B | 1.15B | 976.99M | 995.33M |
| Minority Interest | 92.58M | 87.41M | 83.64M | 70.74M | 53.12M | 52.56M |
| Shareholders' Equity | 1.41B | 1.38B | 1.36B | 1.22B | 1.03B | 1.05B |
| Total Liabilities & Equity | 3.42B | 3.31B | 3.31B | 3.28B | 2.98B | 2.99B |
| Total Debt | 1.76B | 1.67B | 1.69B | 1.79B | 1.75B | 1.75B |
| Net Cash (Debt) | -1.69B | -1.62B | -1.64B | -1.69B | -1.67B | -1.59B |
| Net Cash Per Share | -13.00 | -12.85 | -13.54 | -14.34 | -13.72 | -13.09 |
| Filing Date Shares Outstanding | 126.26M | 125.96M | 125.46M | 117.73M | 117.49M | 117.40M |
| Total Common Shares Outstanding | 126.26M | 125.91M | 125.45M | 117.65M | 117.45M | 117.15M |
| Book Value Per Share | 10.44 | 10.24 | 10.19 | 9.78 | 8.32 | 8.50 |
| Tangible Book Value | 1.24B | 1.20B | 1.17B | 1.04B | 914.13M | 924.23M |
| Tangible Book Value Per Share | 9.78 | 9.54 | 9.31 | 8.81 | 7.78 | 7.89 |
| Land | 686.50M | 669.08M | 660.20M | 635.90M | 535.77M | 543.83M |
| Buildings | 2.91B | 2.84B | 2.79B | 2.68B | 2.47B | 2.44B |
| Construction In Progress | 388.94M | 327.41M | 289.06M | 262.27M | 314.19M | 212.30M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 104.43M | 93.53M | 72.56M | 248.50M | 46.17M | 102.69M |
| Depreciation & Amortization | 120.36M | 124.39M | 140.82M | 98.23M | 94.13M | 38.96M |
| Other Amortization | 6.49M | 6.08M | 4.50M | 3.36M | ||
| Gain (Loss) on Sale of Assets | -36.01M | -49.70M | -38.82M | -217.71M | -353.00K | -18.65M |
| Asset Writedown | 34.05M | 468.00K | ||||
| Stock-Based Compensation | 12.32M | 11.82M | 10.43M | 7.81M | 10.49M | 10.82M |
| Change in Accounts Receivable | 1.18M | -5.99M | -5.97M | 2.81M | -1.71M | -139.00K |
| Change in Accounts Payable | 9.29M | 7.04M | -3.40M | 15.25M | -853.00K | -3.54M |
| Change in Other Net Operating Assets | -7.29M | -12.77M | -13.18M | -2.42M | -14.45M | -6.38M |
| Other Operating Activities | 11.29M | 8.30M | -13.76M | -26.86M | 6.20M | 11.05M |
| Operating Cash Flow | 222.07M | 182.72M | 153.18M | 163.01M | 139.62M | 135.27M |
| Acquisition of Real Estate Assets | -277.29M | -140.08M | -295.09M | -430.61M | -152.27M | -348.01M |
| Sale of Real Estate Assets | 26.42M | 64.47M | 60.40M | 312.91M | 353.00K | 34.48M |
| Net Sale / Acq. of Real Estate Assets | -250.87M | -75.61M | -234.70M | -117.70M | -151.91M | -313.53M |
| Other Investing Activities | 2.37M | |||||
| Investing Cash Flow | -261.54M | -75.61M | -234.70M | -117.70M | -151.91M | -311.16M |
| Long-Term Debt Issued | 198.60M | 336.00M | 778.70M | 103.41M | 117.20M | |
| Long-Term Debt Repaid | -213.79M | -387.35M | -693.89M | -98.33M | -18.19M | |
| Net Debt Issued (Repaid) | 97.83M | -15.19M | -51.35M | 84.81M | 5.08M | 99.01M |
| Issuance of Common Stock | 136.56M | 372.00K | 382.00K | 366.00K | ||
| Repurchase of Common Stock | -281.00K | -273.00K | -195.00K | -119.00K | -129.00K | -210.00K |
| Common Dividends Paid | -103.32M | -95.54M | -82.92M | -75.19M | -75.10M | -124.00M |
| Other Financing Activities | -13.37M | -7.88M | -4.18M | -9.71M | -9.00M | 1.30M |
| Net Cash Flow | -58.62M | -11.78M | -83.61M | 45.47M | -91.06M | -199.42M |
| Levered Free Cash Flow | 215.87M | 190.96M | 173.77M | 126.61M | 140.95M | 28.83M |
| Unlevered Free Cash Flow | 258.54M | 234.16M | 220.73M | 170.51M | 177.81M | 65.05M |
| Cash Interest Paid | 71.61M | 72.52M | 80.71M | 69.04M | 55.74M | 58.62M |
| Cash Income Tax Paid | 768.00K | 866.00K | 9.86M | 52.00K | 913.00K | 4.66M |
| Change in Working Capital | 3.18M | -11.72M | -22.56M | 15.63M | -17.01M | -10.07M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.66B | 2.42B | 2.68B | 2.15B | 1.65B | 2.23B |
| Enterprise Value | 4.35B | 4.12B | 4.27B | 3.86B | 3.36B | 3.65B |
| Last Close Price | 19.93 | 18.64 | 20.07 | 16.50 | 12.19 | 15.80 |
| Price/FFO Ratio | 13.03 | 13.56 | ||||
| Price/AFFO Ratio | 13.03 | 14.87 | ||||
| PE Ratio | 24.11 | 25.84 | 37.03 | 8.67 | 35.86 | 21.68 |
| PS Ratio | 5.46 | 5.12 | 6.03 | 5.16 | 4.16 | 5.24 |
| PB Ratio | 1.91 | 1.75 | 1.97 | 1.76 | 1.61 | 2.12 |
| P/OCF Ratio | 11.96 | 13.22 | 17.53 | 13.21 | 11.85 | 16.45 |
| EV/Sales Ratio | 8.94 | 8.73 | 9.61 | 9.26 | 8.44 | 8.59 |
| EV/EBITDA Ratio | 15.92 | 16.38 | 18.01 | 17.30 | 16.64 | 19.50 |
| EV/EBIT Ratio | 28.47 | 32.41 | 44.28 | 30.93 | 31.18 | 24.62 |
| Debt / Equity Ratio | 1.25 | 1.21 | 1.24 | 1.46 | 1.70 | 1.68 |
| Debt / EBITDA Ratio | 6.16 | 6.30 | 6.73 | 7.59 | 8.19 | 8.77 |
| Net Debt / Equity Ratio | 1.20 | 1.18 | 1.21 | 1.38 | 1.62 | 1.52 |
| Net Debt / EBITDA Ratio | 6.19 | 6.43 | 6.93 | 7.56 | 8.27 | 8.49 |
| Asset Turnover | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.14 |
| Quick Ratio | 1.07 | 0.89 | 2.04 | 2.07 | 3.45 | 8.98 |
| Current Ratio | 1.40 | 1.17 | 3.25 | 3.08 | 4.64 | 11.46 |
| Return on Equity (ROE) | 7.78% | 7.12% | 5.84% | 23.08% | 4.56% | 10.55% |
| Return on Assets (ROA) | 2.83% | 2.40% | 1.83% | 2.49% | 2.26% | 3.13% |
| Return on Invested Capital (ROIC) | 4.73% | 4.06% | 3.09% | 4.03% | 3.63% | 5.37% |
| Earnings Yield | 4.15% | 3.87% | 2.70% | 11.54% | 2.79% | 4.61% |
| Dividend Yield | 4.21% | 3.96% | 3.18% | 3.50% | 4.54% | 3.16% |
| Payout Ratio | 101.62% | 102.15% | 114.27% | 30.26% | 162.66% | 120.75% |
| Buyback Yield / Dilution | -3.51% | -3.69% | -3.26% | 3.32% | -0.16% | -3.01% |
| Total Shareholder Return | 0.70% | 0.28% | -0.08% | 6.82% | 4.38% | 0.15% |