Urban Edge Properties (UE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 132.62M | 119.56M | 120.13M | 114.08M | 118.17M | 116.37M | 112.43M | 106.55M | 109.63M | 116.58M | 101.83M | 99.06M | 99.44M | 101.59M | 98.29M | 97.85M | 100.2M | 128.58M | 106.84M | 94.01M |
| Revenue Growth % | 12.24% | 2.74% | 6.85% | 7.07% | 7.79% | -0.18% | 10.4% | 7.55% | 10.24% | 14.75% | 3.61% | 1.24% | -0.76% | -20.99% | -8% | 4.09% | 4.75% | 47.32% | 40.88% | 27.69% |
| Property Operating Expenses | 45.54M | 109.87M | 108.52M | 99.32M | 113.48M | 113.06M | 105.39M | 115.09M | 114.66M | 98.64M | 86.64M | 82.86M | 83.27M | 84.94M | 85.7M | 85.52M | 89.37M | 83.48M | 81.06M | 79.42M |
| Net Operating Income (NOI) | 87.08M | 9.69M | 11.6M | 14.77M | 4.68M | 3.3M | 7.03M | -8.54M | -5.03M | 17.94M | 15.19M | 16.21M | 16.17M | 16.66M | 12.59M | 12.34M | 10.83M | 45.1M | 25.78M | 14.58M |
| NOI Margin % | 65.66% | 8.1% | 9.66% | 12.94% | 3.96% | 2.84% | 6.25% | -8.02% | -4.59% | 15.39% | 14.92% | 16.36% | 16.26% | 16.39% | 12.81% | 12.61% | 10.81% | 35.08% | 24.13% | 15.51% |
| Operating Expenses | 44.62M | -23.6M | -22.86M | -16.25M | -22.97M | -24.34M | -21.8M | -27.2M | -26.4M | -19.13M | -14.82M | -12.45M | -12.87M | -13.39M | -14.49M | -14.06M | -13.41M | -12.93M | -12.66M | -13M |
| G&A Expenses | 12.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | 74.78M | 65.82M | 71.29M | 63.62M | 64.85M | 65.13M | 63.49M | 58.33M | 59.94M | 68.53M | 56.94M | 54.17M | 54.13M | 54.92M | 51.43M | 51.09M | 48.77M | 81.83M | 61.62M | 50.07M |
| EBITDA Margin % | 56.38% | 55.06% | 59.35% | 55.77% | 54.88% | 55.97% | 56.47% | 54.75% | 54.68% | 58.78% | 55.91% | 54.68% | 54.43% | 54.06% | 52.32% | 52.21% | 48.67% | 63.64% | 57.67% | 53.27% |
| Depreciation & Amortization | 32.31M | 32.54M | 36.83M | 32.6M | 37.2M | 37.48M | 34.65M | 39.68M | 38.57M | 31.46M | 26.92M | 25.51M | 25.08M | 24.87M | 24.34M | 24.69M | 24.53M | 23.8M | 23.17M | 22.49M |
| D&A / Revenue % | 24.36% | 27.21% | 30.66% | 28.58% | 31.48% | 32.21% | 30.82% | 37.24% | 35.19% | 26.99% | 26.44% | 25.75% | 25.23% | 24.48% | 24.77% | 25.23% | 24.48% | 18.51% | 21.69% | 23.92% |
| Operating Income | 42.46M | 33.29M | 34.46M | 31.02M | 27.65M | 27.65M | 28.84M | 18.65M | 21.37M | 37.07M | 30.02M | 28.66M | 29.04M | 30.05M | 27.08M | 26.39M | 24.24M | 58.03M | 38.44M | 27.59M |
| Operating Margin % | 32.02% | 27.84% | 28.68% | 27.19% | 23.4% | 23.76% | 25.65% | 17.51% | 19.49% | 31.8% | 29.47% | 28.93% | 29.2% | 29.57% | 27.55% | 26.97% | 24.19% | 45.13% | 35.98% | 29.34% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 2.38x | 1.69x | 1.83x | 4.14x | 1.46x | 2.64x | 1.51x | 2.49x | 1.15x | 11.30x | 3.87x | 1.58x | -0.27x | 1.97x | 1.79x | 1.89x | 1.75x | 4.22x | 3.10x | 1.88x |
| Non-Operating Income | 1.14M | 187K | -1.06M | -49.95M | -1.1M | -24.1M | -679K | -35.81M | -2.32M | -217.35M | -43.59M | -75K | 33.19M | -394K | -294K | -567K | -205K | 39K | -7M | -90K |
| Pretax Income | 23.93M | 13.53M | 16.14M | 61.44M | 9M | 32.17M | 9.98M | 32.56M | 3.11M | 231.91M | 54.6M | 10.6M | -19.44M | 14.97M | 12.11M | 12.72M | 10.44M | 44.25M | 30.81M | 12.95M |
| Pretax Margin % | 18.04% | 11.32% | 13.44% | 53.85% | 7.62% | 27.65% | 8.88% | 30.56% | 2.84% | 198.92% | 53.62% | 10.7% | -19.55% | 14.74% | 12.32% | 13% | 10.42% | 34.41% | 28.84% | 13.77% |
| Income Tax | 378K | 739K | 600K | 643K | 619K | 664K | 518K | 539K | 665K | -10K | 17.06M | 41K | 706K | 641K | 646K | 711K | 905K | 234K | 704K | -34K |
| Effective Tax Rate % | 1.58% | 5.46% | 3.72% | 1.05% | 6.88% | 2.06% | 5.19% | 1.66% | 21.38% | -0% | 31.25% | 0.39% | -3.63% | 4.28% | 5.33% | 5.59% | 8.67% | 0.53% | 2.29% | -0.26% |
| Net Income | 22.64M | 12.42M | 14.94M | 57.98M | 8.2M | 30.12M | 9.08M | 30.76M | 2.6M | 221.24M | 36.12M | 10.26M | -19.12M | 13.68M | 11.38M | 11.63M | 9.49M | 42.45M | 27.77M | 12.55M |
| Net Margin % | 17.07% | 10.39% | 12.43% | 50.82% | 6.94% | 25.88% | 8.08% | 28.87% | 2.37% | 189.77% | 35.47% | 10.36% | -19.23% | 13.46% | 11.58% | 11.88% | 9.47% | 33.02% | 25.99% | 13.35% |
| Net Income Growth % | 176.23% | -58.75% | 64.48% | 88.49% | 214.94% | -86.39% | -74.86% | 199.74% | 113.62% | 1517.81% | 217.3% | -11.73% | -301.54% | -67.79% | -59% | -7.34% | -52.38% | 123.92% | 595.38% | -59.86% |
| Funds From Operations (FFO) | 54.96M | 44.96M | 51.77M | 90.58M | 45.39M | 67.6M | 43.73M | 70.44M | 41.18M | 252.69M | 63.04M | 35.77M | 5.97M | 38.55M | 35.73M | 36.32M | 34.01M | 66.25M | 50.94M | 35.03M |
| FFO Margin % | 41.44% | 37.61% | 43.09% | 79.4% | 38.41% | 58.1% | 38.9% | 66.11% | 37.56% | 216.75% | 61.9% | 36.11% | 6% | 37.94% | 36.35% | 37.11% | 33.94% | 51.53% | 47.68% | 37.27% |
| FFO Growth % | 21.07% | -33.49% | 18.37% | 28.6% | 10.24% | -73.25% | -30.63% | 96.89% | 590.19% | 555.57% | 76.45% | -1.49% | -82.46% | -41.82% | -29.86% | 3.66% | -20.52% | 46.15% | 194.72% | -35.78% |
| FFO per Share | 0.42 | 0.34 | 0.41 | 0.72 | 0.36 | 0.52 | 0.35 | 0.59 | 0.34 | 2.15 | 0.52 | 0.30 | 0.05 | 0.32 | 0.29 | 0.31 | 0.29 | 0.57 | 0.43 | 0.30 |
| FFO Payout Ratio % | 48.1% | 53.16% | 46.14% | 26.36% | 52.59% | 31.52% | 48.5% | 28.7% | 49.01% | 7.44% | 29.83% | 52.53% | 314.95% | 48.71% | 52.56% | 51.69% | 55.19% | 26.5% | 34.47% | 50.06% |
| EPS (Diluted) | 0.18 | 0.10 | 0.12 | 0.46 | 0.07 | 0.23 | 0.07 | 0.26 | 0.02 | 1.88 | 0.59 | 0.09 | -0.17 | 0.12 | 0.09 | 0.10 | 0.08 | 0.36 | 0.24 | 0.11 |
| EPS Growth % | 157.14% | -58.7% | 63.27% | 76.92% | 219.63% | -87.77% | -87.54% | 198.17% | 112.88% | 1466.67% | 531.02% | -11.92% | -310.4% | -66.67% | -61.04% | -10% | -52.47% | 125% | 598.96% | -59.26% |
| EPS (Basic) | 0.18 | 0.10 | 0.12 | 0.46 | 0.07 | 0.24 | 0.07 | 0.26 | 0.02 | 1.88 | 0.61 | 0.09 | -0.17 | 0.12 | 0.10 | 0.10 | 0.08 | 0.36 | 0.24 | 0.11 |
| Diluted Shares Outstanding | 131.1M | 130.7M | 125.8M | 125.77M | 125.6M | 129.7M | 123.47M | 118.97M | 122.81M | 117.64M | 122.2M | 117.58M | 117.45M | 121.59M | 121.68M | 117.43M | 117.39M | 117.14M | 117.14M | 117.03M |