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Urban Edge Properties reported adjusted FFO of $0.38 per share, raised 2026 guidance to $1.52 to $1.54, and increased same-property NOI growth guidance to 4.1%. It acquired Regency Corp. in Boca Raton for $90.3 million and reported 96.6% leased occupancy.
Urban Edge Properties reported nine-month net income of $96.0 million and FFO applicable to diluted common shareholders of $159.5 million, up from $84.7 million and $141.2 million, respectively; third-quarter revenue was $119.6 million and occupancy was 96.4%.
Urban Edge Properties reported FFO as Adjusted of $0.38 per share for the quarter ended September 30, 2026, up 6% over the prior year, and raised its full-year 2026 FFO as Adjusted guidance to $1.52 - $1.54 per diluted share.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Urban Edge reported record Q2 FFO as Adjusted of $0.40 per share (+10% YoY), raised full-year FFO as Adjusted guidance to $1.50–$1.54 ($0.02 raise at midpoint), and lifted same-property NOI growth guidance to 3.25%–3.75%, while executing capital recycling acquisitions and noting a same-property occupancy decline partly tied to the Wren Kitchens bankruptcy.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| # of Total properties / # of Retail properties | 74 | As of June 30, 2026 | — |
| Active development and redevelopment projects (total investment) | 155M | as of June 30, 2026 | — |
| Adjusted EBITDAre non-GAAP | 139.97M | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDAre to fixed charges | 3.2 | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDAre to interest expense | 3.9 | Six Months Ended June 30, 2026 | — |
| Consolidated portfolio leased occupancy | 96.6% | as of June 30, 2026 | — |
| Consolidated retail portfolio leased occupancy at end of period | 96.6% | As of June 30, 2026 | — |
| Diluted common shares | 133,496,838 | As of June 30, 2026 | — |
| FFO applicable to diluted common shareholders non-GAAP | $53.4M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 18.65M
+205K Less net (income) loss attributable to noncontrolling interests in: Consolidated subsidiaries
-930K Less net (income) loss attributable to noncontrolling interests in: Operating partnership
+34.54M Rental property depreciation and amortization
+930K Limited partnership interests in operating partnership
+0K Gain on sale of real estate
= FFO applicable to diluted common shareholders 53.4M
|
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| FFO as Adjusted non-GAAP | 99.84M | Six Months Ended June 30, 2026 | — |
| FFO as Adjusted applicable to diluted common shareholders non-GAAP | 99.84M | Six Months Ended June 30, 2026 | — |
| FFO as Adjusted per diluted share non-GAAP | $0.4 | Q2 2026 | — |
| FFO per diluted share non-GAAP | $0.41 | Q2 2026 | — |
| Funds from Operations ("FFO") non-GAAP | $53.4M | Q2 2026 | — |
| Gross leasable area (GLA) sf - retail portfolio | 15,992,000 | As of June 30, 2026 | — |
| Net debt to Adjusted EBITDAre | 5.8 | Six Months Ended June 30, 2026 | — |
| Net Debt to annualized Adjusted EBITDAre | 5.5 | As of June 30, 2026 | — |
| Net debt to total market capitalization | 34% | as of June 30, 2026 | — |
| Net debt to total market capitalization at applicable market price | 34% | As of June 30, 2026 | — |
| New leases (cash spread) | 12.8% | Q2 2026 | — |
| New leases, renewals and options (cash spread) | 10.7% | Q2 2026 | — |
| 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 non-GAAP | $78.97M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 18.65M
+35.04M Depreciation and amortization
+19.8M Interest and debt expense
+9.68M General and administrative expense
+0K Gain on sale of real estate
+0K Loss (gain) on extinguishment of debt
+435K Other expense (income)
+749K Income tax expense
-599K Interest income
-4.78M Non-cash revenue and expenses
= NOI 78.97M
|
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| NOI margin | 63.9% | Six Months Ended June 30, 2026 | — |
| NOI margin (NOI / Total property revenue) | 63.5% | Six Months Ended June 30, 2026 | — |
| Same-property expense recovery ratio | 88% | Six Months Ended June 30, 2026 | — |
| Same-property NOI | 130.14M | Six Months Ended June 30, 2026 | — |
| Same-property NOI growth | 2.8% | Six Months Ended June 30, 2026 | — |
| Same-property NOI growth, including redevelopment properties | 3% | Six Months Ended June 30, 2026 | — |
| Same-property NOI including properties in redevelopment | 72.82M | three months ended June 30, 2026 filing | — |
| Same-property physical occupancy at end of period | 94.7% | Six Months Ended June 30, 2026 | — |
| Same-property portfolio leased occupancy | 96.3% | as of June 30, 2026 | — |
| Signed leases not yet rent commenced (future annual gross rent) | 22M | as of June 30, 2026 | — |
| Total Active Projects - Estimated Gross Cost | $155M | As of June 30, 2026 | — |
| Total Active Projects - Estimated Unleveraged Yield | 12% | As of June 30, 2026 | — |
| Total Active Projects - Incurred as of 6/30/26 | $88.3M | As of June 30, 2026 | — |
| Total Completed Projects - Estimated Gross Cost | $32.6M | As of June 30, 2026 | — |
| Total Completed Projects - Estimated Unleveraged Yield | 25% | As of June 30, 2026 | — |
| Total Completed Projects - Incurred as of 6/30/26 | $31.5M | As of June 30, 2026 | — |
| Total liquidity | 957M | as of June 30, 2026 | — |
| Total market capitalization | 4.75B | as of June 30, 2026 | — |
| Total Retail Portfolio - Percent Leased | 96.6% | Q2 FY2026 | — |
| Total Retail Portfolio - Total Square Feet | 15,992,000 | Q2 FY2026 | — |
| Total Retail Portfolio - Weighted Average ABR PSF | $21.85 | Q2 FY2026 | — |
| Total Urban Edge Properties - Percent Leased | 96.5% | Q2 FY2026 | — |
| Total Urban Edge Properties - Total Square Feet | 16,009,000 | Q2 FY2026 | — |
| Total Urban Edge Properties - Weighted Average ABR PSF | $21.86 | Q2 FY2026 | — |
| Weighted average annual base rent per square foot excluding ground leases (retail portfolio) | $24.45 | Q2 FY2026 | — |
| Weighted average annual rent psf - retail portfolio | $21.85 | As of June 30, 2026 | — |
| Weighted average interest rate on secured mortgage debt | 5.02% | As of June 30, 2026 | — |
| Weighted average interest rate on total debt | 5.01% | As of June 30, 2026 | — |
| Weighted average term to maturity of mortgages payable | 3.3 | as of June 30, 2026 | — |
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
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
UE
this stock
Urban Edge Properties
|
$2.63B | +8.7% | +6.1% | 25.4 | 2.2% |
|
SPG
Simon Property Group Inc.
|
$75.13B | +25.9% | +6.7% | 16.8 | 3.1% |
|
O
Realty Income Corp
|
$55.94B | +4.3% | +9.1% | 40.6 | 4.4% |
|
KIM
Kimco Realty Corp
|
$17.14B | +26.0% | +5.1% | 23.8 | 5.1% |
|
UNBLF
Unibail-Rodamco SE
|
$14.60B | -7.4% | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
Urban Edge Properties reported nine-month net income of $96.0 million and FFO applicable to diluted common shareholders of $159.5 million, up from $84.7 million and $141.2 million, respectively; third-quarter revenue was $119.6 million and occupancy was 96.4%.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| UE | +2.2% | +7.0% | -7.8% | +4.7% | +8.7% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -0.4% | +8.1% | -8.3% | +4.9% | -1.9% |
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.
