Urban Edge Properties (UE) 10-Year Financial Performance & Capital Metrics

UE • • REIT / Real Estate

Real EstateDiversified REITsMulti-Property Diversified REITsRegional Diversified Property Owners

AboutUrban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 78 properties totaling 15.1 million square feet of gross leasable area.Show more

Revenue $445M +6.7%
FFO $223M -36.2%
FFO/Share 1.84 -38.2%
FFO Payout 37.2% +72.9%
FFO per Share 1.84 -38.2%
NOI Margin 66.87% +72.2%
FFO Margin 50.09% -40.2%
ROE 5.61% -74.6%
ROA 2.2% -72.3%
Debt/Assets 50.89% -6.6%
Net Debt/EBITDA 6.66 -10.8%
Book Value/Share 11.21 +8.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Sustainable FFO payout ratio of 37.2%
✓High NOI margin of 66.9%
✓Healthy dividend yield of 3.7%

✗Weaknesses

✗FFO declining 36.5% TTM
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.49%

5Y2.8%

3Y1.54%

TTM5.29%

Profit (Net Income) CAGR

10Y0.98%

5Y-7.92%

3Y-10.96%

TTM-57.13%

EPS CAGR

10Y-0.95%

5Y-7.99%

3Y-11.99%

TTM-60.63%

ROCE

10Y Avg4.71%

5Y Avg3.62%

3Y Avg3.64%

Latest3.09%

Peer Comparison

Regional Diversified Property Owners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MDRRMedalist Diversified REIT, Inc.	14.09M	12.67	521.19	-5.23%	-21.2%	-8.56%	6.34%	2.38
UEUrban Edge Properties	2.35B	18.66	31.10	6.73%	24.12%	8.16%	6.52%	1.24
AHHArmada Hoffler Properties, Inc.	565.08M	7.05	29.38	6.19%	5.7%	3.07%	19.82%	1.60
ALEXAlexander & Baldwin, Inc.	1.51B	20.83	25.10	13.31%	33.62%	7.25%	3.12%	0.47
ESRTEmpire State Realty Trust, Inc.	1.08B	6.40	22.86	3.19%	5.81%	2.5%	24.09%	1.39
AATAmerican Assets Trust, Inc.	1.14B	18.69	19.88	3.78%	14.58%	5.75%	11.98%	1.81
MKZRMacKenzie Realty Capital, Inc.	8.07M	4.36	-0.23	40.19%	-130.46%	-24.47%		1.47
FVRFrontView REIT, Inc.	354.9M	16.39	-11.15	24.14%	-4.13%	-0.54%	5.78%	0.54

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	322.94M	325.98M	407.04M	414.16M	387.65M	330.1M	425.08M	397.94M	416.92M	444.97M
Revenue Growth %	0.02%	0.01%	0.25%	0.02%	-0.06%	-0.15%	0.29%	-0.06%	0.05%	0.07%
Property Operating Expenses	99.91M	96.71M	110.63M	137.88M	124.24M	116.17M	132.38M	136.2M	255.06M	147.43M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	124.96M	96.25M	127.27M	149.99M	146.8M	158.38M	144.35M	153.98M	37.07M	201.03M
G&A Expenses	42.17M	37.48M	41.26M	46.43M	52.69M	62.35M	52.02M	55.55M	37.07M	37.47M
EBITDA+	155.33M	325.18M	413.82M	418.59M	410.16M	335.75M	240.68M	206.19M	225.95M	246.9M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	57.25M	192.16M	244.68M	292.3M	283.78M	277.61M	92.33M	98.43M	101.17M	150.39M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	98.08M	133.02M	169.15M	126.29M	126.38M	58.14M	148.35M	107.76M	124.79M	96.51M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	55.58M	51.88M	56.22M	64.87M	66.64M	71.02M	57.94M	58.98M	74.94M	77.27M
Interest Coverage	1.76x	2.56x	3.01x	1.95x	1.90x	0.82x	2.56x	1.83x	1.67x	1.25x
Non-Operating Income	-600K	-13.47M	43.14M	-56.18M	-77.4M	-74.45M	-15.55M	1.96M	-223.71M	0
Pretax Income+	42.64M	97.43M	72.66M	120.48M	117.48M	58.75M	108.95M	50.24M	277.68M	77.83M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.29M	804K	-278K	3.52M	1.29M	-39M	1.14M	2.9M	17.8M	2.39M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	38.78M	90.81M	67.07M	105.15M	109.52M	93.59M	102.69M	46.17M	248.3M	72.5M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.41%	1.34%	-0.26%	0.57%	0.04%	-0.15%	0.1%	-0.55%	4.38%	-0.71%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.21%	1.95%	0.1%	0.27%	-0.01%	-0.06%	-0.47%	-0.26%	1.42%	-0.36%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.39	0.91	0.61	0.92	0.91	0.79	0.88	0.39	2.11	0.60
EPS Growth %	-0.41%	1.33%	-0.33%	0.51%	-0.01%	-0.13%	0.11%	-0.56%	4.41%	-0.72%
EPS (Basic)	0.39	0.91	0.62	0.92	0.91	0.79	0.88	0.39	2.11	0.60
Diluted Shares Outstanding	99.28M	99.79M	118.39M	114.05M	119.9M	117.9M	121.45M	121.64M	117.6M	121.43M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	1.92B	1.9B	2.82B	2.8B	2.85B	2.94B	2.99B	2.98B	3.28B	3.31B
Asset Growth %	0.1%	-0.01%	0.48%	-0.01%	0.02%	0.03%	0.02%	-0%	0.1%	0.01%
Real Estate & Other Assets+	23.76M	1.62B	2.11B	2.15B	2.11B	2.24B	80.06M	86.55M	2.82B	2.94B
PP&E (Net)	1.58B	1.6B	2.08B	2.12B	84.5M	83.72M	2.52B	2.6B	59.71M	65.49M
Investment Securities	0	-1000K	-1000K	-1000K	0	0	0	0	0	0
Total Current Assets+	285.69M	254.66M	625.32M	583.96M	606.82M	515.64M	310.36M	225.74M	262.84M	196.22M
Cash & Equivalents	168.98M	131.65M	490.28M	440.43M	432.95M	384.57M	164.48M	85.52M	101.12M	41.37M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	9.04M	8.53M	10.56M	17.09M	52.18M	34.68M	67.38M	57.99M	73.13M	73.01M
Intangible Assets	33.95M	30.88M	87.25M	68.42M	0	0	71.11M	62.86M	113.9M	109.83M
Total Liabilities	1.45B	1.41B	1.83B	1.79B	1.83B	1.94B	1.94B	1.95B	2.06B	1.95B
Total Debt+	1.23B	1.2B	1.56B	1.55B	1.63B	1.67B	1.75B	1.75B	1.79B	1.69B
Net Debt	1.06B	1.07B	1.07B	1.11B	1.2B	1.28B	1.59B	1.67B	1.69B	1.64B
Long-Term Debt	1.23B	1.2B	1.56B	1.55B	1.55B	1.59B	1.69B	1.67B	1.58B	1.57B
Short-Term Borrowings	0	0	0	0	0	0	0	1000K	1000K	1000K
Capital Lease Obligations	154.85M	0	0	0	82.89M	77.97M	67.58M	62.8M	56.89M	65.63M
Total Current Liabilities+	29.23M	35.22M	69.59M	44.45M	49.7M	107.19M	27.07M	48.63M	231.44M	115.05M
Accounts Payable	0	0	0	0	0	0	8.06M	6.94M	14.24M	16.02M
Deferred Revenue	-61.45M	-1.23B	-1.56B	-1.56B	26.22M	26.59M	0	0	0	26.88M
Other Liabilities	164.56M	157.86M	191.95M	164.09M	121.43M	144.39M	155.38M	165.58M	191.94M	199.39M
Total Equity+	471.45M	496.12M	990.54M	1.01B	1.01B	995.89M	1.05B	1.03B	1.22B	1.36B
Equity Growth %	0.82%	0.05%	1%	0.02%	0.01%	-0.02%	0.05%	-0.02%	0.19%	0.11%
Shareholders Equity	437.92M	460.31M	889.92M	904.71M	967.82M	951.57M	995.33M	976.99M	1.15B	1.28B
Minority Interest	33.53M	35.81M	100.62M	101.27M	46.96M	44.33M	52.56M	53.12M	70.74M	83.64M
Common Stock	993K	997K	1.14M	1.14M	1.21M	1.17M	1.17M	1.17M	1.18M	1.25M
Additional Paid-in Capital	475.37M	488.38M	946.4M	956.42M	1.02B	989.86M	1B	1.01B	1.01B	1.15B
Retained Earnings	-38.44M	-29.07M	-57.62M	-52.86M	-52.55M	-39.47M	-7.09M	-36.1M	137.11M	126.67M
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	0.02%	0.05%	0.03%	0.04%	0.04%	0.03%	0.03%	0.02%	0.08%	0.02%
Return on Equity (ROE)	0.11%	0.19%	0.09%	0.11%	0.11%	0.09%	0.1%	0.04%	0.22%	0.06%
Debt / Assets	0.64%	0.63%	0.55%	0.55%	0.57%	0.57%	0.59%	0.59%	0.55%	0.51%
Debt / Equity	2.62x	2.41x	1.58x	1.54x	1.61x	1.68x	1.67x	1.70x	1.46x	1.24x
Net Debt / EBITDA	6.86x	3.28x	2.60x	2.65x	2.92x	3.82x	6.61x	8.09x	7.47x	6.66x
Book Value per Share	4.75	4.97	8.37	8.82	8.46	8.45	8.63	8.47	10.39	11.21

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	138.08M	137.25M	157.9M	137.04M	156.4M	112.82M	135.27M	139.62M	163.01M	153.18M
Operating CF Growth %	0.31%	-0.01%	0.15%	-0.13%	0.14%	-0.28%	0.2%	0.03%	0.17%	-0.06%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	41.35M	96.63M	72.94M	116.96M	116.2M	97.75M	107.81M	47.34M	248.5M	75.44M
Depreciation & Amortization	58.3M	57.18M	82.51M	100.06M	93.78M	97.75M	94.14M	94.13M	101.17M	145.32M
Stock-Based Compensation	10.26M	5.43M	7.14M	9.74M	13.55M	16.99M	10.82M	10.49M	7.81M	10.43M
Other Non-Cash Items	14.09M	-19.12M	-1.27M	-31.83M	-3.86M	35.31M	-49.25M	4.68M	-210.51M	-55.46M
Working Capital Changes	14.08M	-2.87M	-3.42M	-12.46M	-6.92M	-63.36M	-10.07M	-17.01M	16.06M	-22.56M
Cash from Investing+	-65.49M	-59.23M	-295.73M	-64.8M	-2.52M	-98.46M	-311.16M	-151.91M	-117.7M	-234.7M
Acquisitions (Net)	227.73M	0	0	0	-69.15M	5.45M	6.24M	1.69M	0	0
Purchase of Investments	-66.42M	-9.27M	-211.39M	-4.93M	-47.36M	-124.34M	-252.63M	-36.22M	0	0
Sale of Investments	925K	1000K	1000K	1000K	1000K	1000K	1000K	353K	0	0
Other Investing	-65.49M	-59.23M	-295.73M	53.96M	88.78M	-5.45M	-3.87M	-1.69M	-117.7M	-234.7M
Cash from Financing+	93.8M	-115.86M	498.49M	-115.56M	-126.27M	-80.25M	-23.53M	-78.77M	161K	-2.09M
Dividends Paid	-79.17M	-81.24M	-95.38M	-100.24M	-106.16M	-26.65M	-124M	-75.1M	-75.19M	-82.92M
Common Dividends	-79.17M	-81.24M	-95.38M	-100.24M	-106.16M	-26.65M	-124M	-75.1M	-75.19M	-82.92M
Debt Issuance (Net)	-1000K	-1000K	1000K	-1000K	-1000K	948K	1000K	-1000K	1000K	-1000K
Share Repurchases	0	0	0	0	-5.98M	-54.14M	0	0	0	0
Other Financing	217.62M	-5.11M	-559.46M	-11.5M	-8.98M	-803K	1.09M	-1.84M	-9.83M	-4.38M
Net Change in Cash+	166.38M	-37.84M	360.65M	-43.32M	27.61M	-65.88M	-199.42M	-91.06M	45.47M	-83.61M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	2.6M	178.03M	140.19M	500.84M	457.52M	485.14M	419.25M	219.84M	128.77M	174.25M
Cash at End	168.98M	140.19M	500.84M	457.52M	485.14M	419.25M	219.84M	128.77M	174.25M	90.64M
Free Cash Flow+	138.08M	67.35M	68.55M	18.27M	65.1M	84.3M	39.9M	23.57M	163.01M	153.18M
FCF Growth %	0.31%	-0.51%	0.02%	-0.73%	2.56%	0.29%	-0.53%	-0.41%	5.92%	-0.06%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	0.97	2.84	2.63	3.48	3.28	3.15	1.61	1.19	2.97	1.84
FFO Payout Ratio	82.43%	28.71%	30.6%	25.22%	26.99%	7.18%	63.58%	51.93%	21.52%	37.2%
NOI Margin	69.06%	70.33%	72.82%	66.71%	67.95%	64.81%	68.86%	65.77%	38.82%	66.87%
Net Debt / EBITDA	6.86x	3.28x	2.60x	2.65x	2.92x	3.82x	6.61x	8.09x	7.47x	6.66x
Debt / Assets	64.31%	62.89%	55.46%	55.39%	57.34%	56.76%	58.78%	58.93%	54.52%	50.89%
Interest Coverage	1.76x	2.56x	3.01x	1.95x	1.90x	0.82x	2.56x	1.83x	1.67x	1.25x
Book Value / Share	4.75	4.97	8.37	8.82	8.46	8.45	8.63	8.47	10.39	11.21
Revenue Growth	2.3%	0.94%	24.87%	1.75%	-6.4%	-14.85%	28.78%	-6.39%	4.77%	6.73%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Rental Revenue	-	-	-	422.47M	396.38M	406.11M	444.46M
Rental Revenue Growth	-	-	-	-	-6.18%	2.46%	9.44%
Product and Service, Other	1.39M	1.34M	532K	1.45M	1.56M	10.81M	501K
Product and Service, Other Growth	-	-3.52%	-60.42%	171.80%	8.02%	592.06%	-95.37%
Management Service	1.47M	1.9M	1.28M	1.17M	-	-	-
Management Service Growth	-	29.34%	-32.47%	-8.89%	-	-	-
Income From Acquired Leasehold Interests	-	-	-	-	-	-	-
Income From Acquired Leasehold Interests Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Urban Edge Properties (UE) has a price-to-earnings (P/E) ratio of 31.1x. This suggests investors expect higher future growth.

Growth & Financials

Urban Edge Properties (UE) reported $468.7M in revenue for fiscal year 2024. This represents a 54% increase from $304.2M in 2012.

Urban Edge Properties (UE) grew revenue by 6.7% over the past year. This is steady growth.

Yes, Urban Edge Properties (UE) is profitable, generating $113.0M in net income for fiscal year 2024 (16.3% net margin).

Dividend & Returns

Yes, Urban Edge Properties (UE) pays a dividend with a yield of 3.66%. This makes it attractive for income-focused investors.

Urban Edge Properties (UE) has a return on equity (ROE) of 5.6%. This is below average, suggesting room for improvement.

Industry Metrics

Urban Edge Properties (UE) generated Funds From Operations (FFO) of $261.3M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Urban Edge Properties (UE) offers a 3.66% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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