Paulina Rojas Schmidt

Ronald Kamdem

Floris Gerbrand van Dijkum

Floris van Dijkum

Michael Griffin

Michael Goldsmith

Michael Gorman

Paulina Rojas

Samir Khanal

Kenneth Billingsley

- Urban Edge Properties reported **Q3 2025 FFO as adjusted of $0.36 per share** and **same property net operating income (NOI) growth of 4.7%** for the quarter, bringing year-to-date FFO as adjusted growth to **7%** and same property NOI growth to **5.4%**.  **[0001611547_2213364_4]** **[0001611547_2213364_1]** 
- The company **raised its 2025 FFO as adjusted guidance** by a penny at the midpoint to a new range of **$1.42 to $1.44 per share**, representing **6% growth over 2024** at the midpoint.  **[0001611547_2213364_1]** 
- UE completed the **$39 million acquisition of Brighton Mills**, a grocery-anchored shopping center, funded by the sale of two non-core assets, as part of a capital recycling strategy that has involved nearly **$600 million in acquisitions** and **$500 million in dispositions** over the last two years.  **[0001611547_2213364_1]** 
- Leasing activity in Q3 included **11 new leases** totaling **82,000 square feet** at an **outsized 61% spread**, primarily driven by new anchor leases with HomeGoods and Ross, contributing to an overall same property lease rate of **96.6%**.  **[0001611547_2213364_2]** 
- The company secured a new **$123.6 million non-recourse mortgage** at a **fixed rate of 5.1%** and maintains a strong liquidity position of **over $900 million**, including **$145 million in cash**.  **[0001611547_2213364_4]**

Urban Edge Properties Reports Strong Q3 2025 Results and Raises Full-Year Guidance

- Urban Edge Properties delivered a strong Q3 2025, with **FFO as adjusted of $0.36 per share** and a **4% increase** over the prior year's third quarter, bringing year-to-date growth to **7%**.  **[0001611547_2211296_1]** **[0001611547_2211296_4]**  Same property net operating income (NOI) increased by **4.7%** for the quarter and **5.4%** year-to-date.  **[0001611547_2211296_1]** **[0001611547_2211296_4]** 
- The company raised its **2025 FFO as adjusted guidance** by a penny per share at the midpoint to a new range of **$1.42 to $1.44 per share**, representing **6% growth over 2024** at the midpoint.  **[0001611547_2211296_1]**  The implied fourth-quarter FFO is **$0.36 per share**.  **[0001611547_2211296_4]** 
- Urban Edge completed the **$39 million acquisition of Brighton Mills**, a grocery-anchored shopping center, at a cap rate in the **mid 5s**, expecting annual NOI growth to **exceed 3%**.  **[0001611547_2211296_1]**  This acquisition was funded by the sale of Kennedy Commons and McDade Commons at a **5.4% cap rate**.  **[0001611547_2211296_1]** 
- Leasing activity in Q3 2025 included **11 new leases** totaling **82,000 square feet** at an **outsized 61% spread**, primarily driven by anchor leases with HomeGoods and Ross, and **20 renewals** totaling **265,000 square feet** at a **9% spread**.  **[0001611547_2211296_2]** **[0001611547_2211296_6]** 
- The company's **signed-not-open (SNO) pipeline** currently stands at **$21.5 million**, representing **7% of NLP**, with **$5.6 million in annualized gross rents commenced** during the third quarter.  **[0001611547_2211296_2]** **[0001611547_2211296_4]**

Urban Edge Properties Reports Strong Q3 2025 Earnings and Raises Full-Year Guidance

- Urban Edge Properties reported a **4% increase in FFO as adjusted** over the third quarter of last year, bringing year-to-date growth to **7%**, and same property net operating income increased by **4.7%** for the quarter.  **[0001611547_2213404_1]** 
- The company **raised its 2025 FFO as adjusted guidance** by a penny at the midpoint to a new range of **$1.42-$1.44 per share**, representing **6% growth** over 2024 at the midpoint.  **[0001611547_2213404_1]**  Same property NOI growth guidance was also increased to a new midpoint of **5.25%**.  **[0001611547_2213404_4]** 
- UE completed the **$39 million acquisition of Brighton Mills**, a grocery-anchored shopping center, funded by the sale of two other properties.  **[0001611547_2213404_1]**  This continues a capital recycling strategy that has resulted in nearly **$600 million of acquisitions** at an average **7% cap rate** and the disposal of approximately **$500 million of non-core assets** at a **5% cap rate** over the last two years.  **[0001611547_2213404_1]** 
- Leasing activity in Q3 2025 totaled **31 deals** aggregating **347,000 sq ft**, including **11 new leases** at an **outsized 61% spread** (primarily driven by HomeGoods and Ross) and **20 renewals** at a **9% spread**.  **[0001611547_2213404_2]** 
- The active redevelopment pipeline totals **$149 million** with a **15% projected yield**, and the signed-not-open pipeline stands at **$21.5 million**, representing **7% of NOI**, with **$5.6 million** in annualized gross rents commenced in Q3 2025.  **[0001611547_2213404_2]** **[0001611547_2213404_4]**

- Urban Edge Properties reported **net income per diluted share of $0.12**, **FFO per diluted share of $0.40**, and **FFO as Adjusted per diluted share of $0.36** for the third quarter ended September 30, 2025.  **[1611547_ee91eaa452194408a1b37536fc9df673_0]** 
- The company **raised its full-year 2025 FFO as Adjusted guidance** to a range of **$1.42 to $1.44 per diluted share**, representing a **$0.01 increase at the mid-point**.  **[1611547_ee91eaa452194408a1b37536fc9df673_0]** **[1611547_ee91eaa452194408a1b37536fc9df673_3]** 
- **Same-property Net Operating Income (NOI) growth was 4.1%** for the three months ended September 30, 2025, and **4.6% for the nine months ended September 30, 2025**.  **[1611547_ee91eaa452194408a1b37536fc9df673_0]** 
- Shop leased occupancy stood at **92.5% as of September 30, 2025**, an increase of **210 basis points** compared to September 30, 2024.  **[1611547_ee91eaa452194408a1b37536fc9df673_1]** 
- On October 23, 2025, Urban Edge Properties acquired the **Brighton Mills Shopping Center for $39 million**, further expanding its footprint in the Boston area.  **[1611547_ee91eaa452194408a1b37536fc9df673_0]** **[1611547_ee91eaa452194408a1b37536fc9df673_1]**

- Urban Edge Properties reported **strong Q3 2025 financial results**, with **FFO as Adjusted per diluted share of $0.36**  **[1611547_0001611547-25-000075_exhibit991-earningsrelease.htm:0]** **[1611547_0001611547-25-000075_exhibit992-supplementaldis.htm:1]**  and **net income per diluted share of $0.12**.  **[1611547_0001611547-25-000075_exhibit991-earningsrelease.htm:0]** **[1611547_0001611547-25-000075_exhibit992-supplementaldis.htm:1]** 
- The company **raised its full-year 2025 guidance** for FFO as Adjusted per diluted share to a range of **$1.42 to $1.44**, increasing the mid-point by **$0.01**.  **[1611547_0001611547-25-000075_exhibit991-earningsrelease.htm:0]** **[1611547_0001611547-25-000075_exhibit991-earningsrelease.htm:3]** 
- Operational performance for Q3 2025 included **4.1% same-property Net Operating Income (NOI) growth**  **[1611547_0001611547-25-000075_exhibit991-earningsrelease.htm:0]** **[1611547_0001611547-25-000075_exhibit992-supplementaldis.htm:1]**  and **347,000 sf of leasing transactions** with an average cash spread of **20.6%** on a same-space basis.  **[1611547_0001611547-25-000075_exhibit992-supplementaldis.htm:1]** 
- Urban Edge Properties completed the **acquisition of Brighton Mills Shopping Center** for **$39 million** on October 23, 2025, expanding its footprint in the Boston area.  **[1611547_0001611547-25-000075_exhibit991-earningsrelease.htm:0]** **[1611547_0001611547-25-000075_exhibit992-supplementaldis.htm:1]** 
- As of September 30, 2025, the company maintained **total liquidity of approximately $913 million**.  **[1611547_0001611547-25-000075_exhibit991-earningsrelease.htm:2]**

- Urano Energy Corp. **acquired the past-producing Snow and Probe Uranium Mines** from enCore Energy Corp., significantly expanding its I-70 Uranium Project.  **[1611547_20251027VA06701:0]** 
- This strategic acquisition **increases Urano's total mineral rights by approximately 60%** at the I-70 Uranium Project, adding **599 acres** contiguous with its existing holdings.  **[1611547_20251027VA06701:0]** 
- The acquired properties have a history of production, with Atlas Corp. producing approximately **935,000 lbs. U3O8** from 1973–1982, and a reported remaining historical resource estimate of **295,534 lbs. U3O8** at an average grade of **0.23% U3O8**.  **[1611547_20251027VA06701:0]** **[1611547_20251027VA06701:1]** 
- Urano Energy paid **$65,980.60 CAD in cash** and issued **$200,000 CAD of common shares** for the acquisition.  **[1611547_20251027VA06701:1]** 
- The acquisition strengthens Urano's uranium inventory and positions the company to advance its portfolio toward **NI 43-101 compliance**, leveraging existing permits for small-scale underground mining.  **[1611547_20251027VA06701:0]** **[1611547_20251027VA06701:1]**

Urban Edge Properties (UE)