Earnings summaries and quarterly performance for Urban Edge Properties.
Executive leadership at Urban Edge Properties.
Jeffrey S. Olson
Chairman and Chief Executive Officer
Heather Ohlberg
Executive Vice President, General Counsel and Secretary
Jeffrey S. Mooallem
Executive Vice President and Chief Operating Officer
Mark J. Langer
Executive Vice President and Chief Financial Officer
Board of directors at Urban Edge Properties.
Catherine D. Rice
Independent Trustee
Douglas W. Sesler
Independent Trustee
Katherine M. Sandstrom
Independent Trustee
Kevin P. O'Shea
Independent Trustee
Mary L. Baglivo
Independent Trustee
Norman K. Jenkins
Lead Independent Trustee
Steven H. Grapstein
Independent Trustee
Research analysts who have asked questions during Urban Edge Properties earnings calls.
Paulina Rojas Schmidt
Green Street Advisors
4 questions for UE
Ronald Kamdem
Morgan Stanley
4 questions for UE
Floris Gerbrand van Dijkum
Compass Point Research & Trading, LLC
3 questions for UE
Floris van Dijkum
Compass Point Research & Trading
3 questions for UE
Michael Griffin
Citigroup Inc.
3 questions for UE
Michael Goldsmith
UBS
2 questions for UE
Michael Gorman
BTG Pactual
2 questions for UE
Paulina Rojas
Green Street
2 questions for UE
Samir Khanal
Bank of America
2 questions for UE
Kenneth Billingsley
Compass Point Research & Trading LLC
1 question for UE
Recent press releases and 8-K filings for UE.
- Urban Edge Properties has increased its aggregate borrowing capacity by $150 million to $950 million through new unsecured credit facilities.
- These facilities comprise a $700 million unsecured revolving credit facility, with its maturity extended to June 2030, and $250 million in delayed-draw term loans.
- The $250 million in term loans consists of a $125 million 5-year loan maturing in June 2031 and a $125 million 7-year loan maturing in January 2033.
- Borrowings bear interest at SOFR plus a spread, currently 1.00% for the revolving credit facility, 1.15% for the 5-year term loan, and 1.50% for the 7-year term loan. No amounts are currently drawn, with future proceeds earmarked for working capital to support growth.
- 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%.
- 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.
- 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.
- 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%.
- 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.
- 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%. Same property net operating income (NOI) increased by 4.7% for the quarter and 5.4% year-to-date.
- 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. The implied fourth-quarter FFO is $0.36 per share.
- 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%. This acquisition was funded by the sale of Kennedy Commons and McDade Commons at a 5.4% cap rate.
- 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.
- 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.
- 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.
- 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. Same property NOI growth guidance was also increased to a new midpoint of 5.25%.
- UE completed the $39 million acquisition of Brighton Mills, a grocery-anchored shopping center, funded by the sale of two other properties. 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- Shop leased occupancy stood at 92.5% as of September 30, 2025, an increase of 210 basis points compared to September 30, 2024.
- On October 23, 2025, Urban Edge Properties acquired the Brighton Mills Shopping Center for $39 million, further expanding its footprint in the Boston area.
- Urban Edge Properties reported strong Q3 2025 financial results, with FFO as Adjusted per diluted share of $0.36 and net income per diluted share of $0.12.
- 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.
- Operational performance for Q3 2025 included 4.1% same-property Net Operating Income (NOI) growth and 347,000 sf of leasing transactions with an average cash spread of 20.6% on a same-space basis.
- 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.
- As of September 30, 2025, the company maintained total liquidity of approximately $913 million.
- Urano Energy Corp. acquired the past-producing Snow and Probe Uranium Mines from enCore Energy Corp., significantly expanding its I-70 Uranium Project.
- 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.
- 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.
- Urano Energy paid $65,980.60 CAD in cash and issued $200,000 CAD of common shares for the acquisition.
- 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.
Quarterly earnings call transcripts for Urban Edge Properties.
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