Urban Edge Properties Reports First Quarter 2024 Results
Urban Edge Properties Common Shares of Beneficial Interest (UE)
Last urban edge properties common shares of beneficial interest earnings: 4/29 04:15 pm
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Source: Business Wire
-- Raises Outlook for Full-Year 2024 FFO as Adjusted -- NEW YORK--(BUSINESS WIRE)--Urban Edge Properties (NYSE: UE) (the "Company") today announced its results for the quarter ended March 31, 2024 and updated its outlook for full-year 2024.“We had an excellent start to 2024, exceeding our plan and delivering FFO as Adjusted of $0.33 per share in the first quarter primarily due to higher NOI growth,” said Jeff Olson, Chairman and CEO. “In addition, we acquired two shopping centers in New Jersey - Heritage Square and Ledgewood Commons - strengthening our presence in this core market and providing attractive growth and redevelopment opportunities. These acquisitions, totaling $117 million at an approximate capitalization rate of 8%, were financed through a combination of 6.1% mortgage debt, asset sales at a blended 5% cap rate and equity issued under our ATM program. Looking ahead, based on our better-than-expected results and our recent accretive acquisitions, we have increased our 2
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News
- These Top Retail REITs Yield Up to 5.4% and Have Been Growing Their Dividends [Yahoo! Finance]Yahoo! Finance
- Urban Edge Properties (NYSE: UE) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Urban Edge Properties (NYSE:UE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Urban Edge Properties Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Urban Edge Properties Declares a Quarterly Common Dividend of $0.17 per Share [Yahoo! Finance]Yahoo! Finance
UE
Earnings
- 5/7/24 - Beat
UE
Sec Filings
- 5/17/24 - Form 4
- 5/16/24 - Form 144
- 5/8/24 - Form 4
- UE's page on the SEC website