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Urban Edge Properties Reports Fourth Quarter and Full Year 2017 Results

URBAN EDGE PROPERTIES (UE)  More Company Research Source: Business Wire
Last urban edge properties earnings: 5/2 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.uedge.com
PDF NEW YORK--(BUSINESS WIRE)-- Urban Edge Properties (NYSE:UE) (the "Company") today announced its results for the quarter and year ended December 31, 2017. Financial Results(1)(2) Reported a net loss of $15.9 million, or $0.13 per diluted share, for the quarter and net income of $72.9 million, or $0.61 per diluted share, for the year. Generated Funds from Operations applicable to diluted common shareholders ("FFO") of $5.6 million, or $0.04 per share, for the quarter and $157.8 million, or $1.33 per share, for the year. Generated FFO as Adjusted of $0.34 per share for the quarter and $1.34 per share for the year, an increase of 3.0% per share over the fourth quarter of 2016 and an increase of 5.5% per share over the year ended December 31, 2016. Operating Results(1) Increased same-property cash Net Operating Income [Read more]

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