UE · Urban Edge Properties
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| # of Total properties / # of Retail properties | 74 | As of June 30, 2026 | — |
| Adjusted EBITDAre non-GAAP | $139.97M | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDAre to fixed charges non-GAAP | 3.2 | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDAre to interest expense non-GAAP | 3.9 | Six Months Ended June 30, 2026 | — |
| Average cash spread on new leases same-space (quarter) | 28.5% | Six Months Ended June 30, 2026 | — |
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| Average cash spread on new leases, renewals and options same-space (quarter) | 9.8% | Six Months Ended June 30, 2026 | — |
| Consolidated portfolio leased occupancy at end of period | 96.6% | As of June 30, 2026 | — |
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| Consolidated retail portfolio leased occupancy at end of period | 96.6% | As of June 30, 2026 | — |
| EBITDAre non-GAAP | $149.19M | Six Months Ended June 30, 2026 | — |
| Estimated Gross Cost for Active Projects | $155M | As of June 30, 2026 | — |
| Estimated Gross Cost for Completed Projects | $32.6M | As of June 30, 2026 | — |
| Estimated unleveraged yield for Completed Projects non-GAAP | 25% | As of June 30, 2026 | — |
| Estimated unleveraged yield for total Active Projects non-GAAP | 12% | As of June 30, 2026 | — |
| FFO | $53.4M | Q2 2026 | — |
| FFO Applicable to diluted common shareholders non-GAAP | $109.05M | Six Months Ended June 30, 2026 | — |
| FFO as Adjusted non-GAAP | $99.84M | Six Months Ended June 30, 2026 | — |
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| FFO as Adjusted applicable to diluted common shareholders non-GAAP | $99.84M | Six Months Ended June 30, 2026 | — |
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| FFO as Adjusted per diluted common share non-GAAP | $0.76 | Six Months Ended June 30, 2026 | — |
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| FFO per diluted common share non-GAAP | $0.83 | Six Months Ended June 30, 2026 | — |
| FFO per diluted share | $0.41 | Q2 2026 | — |
| Gross leasable area (GLA) sf - retail portfolio | 15,992,000 | As of June 30, 2026 | — |
| Incurred as of 6/30/26 for Active Projects | $88.3M | As of June 30, 2026 | — |
| Incurred as of 6/30/26 for Completed Projects | $31.5M | As of June 30, 2026 | — |
| Net debt to Adjusted EBITDAre non-GAAP | 5.8 | Six Months Ended June 30, 2026 | — |
| Net debt to total market capitalization | 34% | As of June 30, 2026 | — |
| New leases (sf during the quarter) | 120,000 | Q2 2026 | — |
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| New leases, renewals and options | 26 | 2Q26 | — |
| New leases, renewals and options (sf during the quarter) | 199,000 | Q2 2026 | — |
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| New leases, renewals and options same-space (sf during the quarter) | 169,000 | Q2 2026 | — |
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| New, renewal and option rent spread - cash basis | 13.4% | Six Months Ended June 30, 2026 | — |
| New, renewal and option rent spread - GAAP basis | 19.6% | Six Months Ended June 30, 2026 | — |
| NOI | 152M | Six Months Ended June 30, 2026 | — |
| NOI margin | 63.9% | Six Months Ended June 30, 2026 | — |
| Number of new leases executed | 26 | Six Months Ended June 30, 2026 | — |
| Percent Leased | 96.6% | As of June 30, 2026 | — |
| Recurring G&A non-GAAP | $18.34M | Six Months Ended June 30, 2026 | — |
| Same-property expense recovery ratio | 88% | Six Months Ended June 30, 2026 | — |
| Same-property NOI non-GAAP | $130.14M | Six Months Ended June 30, 2026 | — |
| Same-property NOI growth | 2.8% | Six Months Ended June 30, 2026 | — |
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| Same-property NOI growth, including redevelopment properties | 3% | Six Months Ended June 30, 2026 | — |
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| Same-property NOI including properties in redevelopment non-GAAP | $143.54M | Six Months Ended June 30, 2026 | — |
| Same-property physical occupancy at end of period | 94.7% | As of June 30, 2026 | — |
| Same-property portfolio leased occupancy at end of period | 96.3% | As of June 30, 2026 | — |
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| Signed leases not yet rent commenced (future annual gross rent) | $22M | As of June 30, 2026 | — |
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| Total liquidity | $957M | June 30, 2026 | — |
| Total market capitalization | $4.75B | As of June 30, 2026 | — |
| Total Square Feet | 15,992,000 | As of June 30, 2026 | — |
| Total Urban Edge Properties Percent Leased | 96.5% | As of June 30, 2026 | — |
| Total Urban Edge Properties Square Feet | 16,009,000 | As of June 30, 2026 | — |
| Total Urban Edge Properties Weighted Average ABR PSF | $21.86 | As of June 30, 2026 | — |
| Weighted average annual rent psf - retail portfolio | $21.85 | As of June 30, 2026 | — |
| Weighted average remaining maturity on secured mortgage debt | 3.3 | As of June 30, 2026 | — |
| Retail shop leased occupancy | 92.4% | 1Q26 | — |
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Retail — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
UE
this stock
Urban Edge Properties
|
$2.76B | +14.0% | +6.1% | 25.7 | 2.6% |
|
SPG
Simon Property Group Inc.
|
$71.05B | +18.6% | +6.7% | 15.5 | 3.0% |
|
O
Realty Income Corp
|
$59.37B | +11.3% | +9.1% | 45.8 | 4.8% |
|
UNBLF
Unibail-Rodamco SE/ADR
|
$17.27B | +9.7% | — | — | 0.0% |
|
KIM
Kimco Realty Corp
|
$16.37B | +20.4% | +5.1% | — | 4.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| UE | +1.1% | -7.7% | +4.5% | -3.5% | +14.0% |
| SPY | +0.4% | +4.5% | +13.8% | +3.9% | +13.9% |
| vs SPY | +0.7% | -12.2% | -9.2% | -7.4% | +0.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.