UE earnings analysis
What we found in UE's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Urban Edge Properties reported Q1 2026 results, with revenue not disclosed. Actual EPS was $0.18, below analysts' estimates of $0.37. The company beat FFO as Adjusted guidance, raising it to $1.48 - $1.52 from $1.47 - $1.52. Management highlighted growth drivers including a 2.4% growth in same-property NOI and active leasing with 419,000 sf executed in the quarter.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Below Expectations
- Reported diluted EPS was $0.18, significantly under the estimated EPS of $0.37.
- Increased FFO Guidance
- Management raised FFO as Adjusted guidance to a range of $1.48 to $1.52 from the previous $1.47 to $1.52.
- Strong Leasing Activity
- 419,000 square feet of leasing activity was executed in the quarter, indicating robust operational performance.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Revenue Not Disclosed
- The actual revenue figure was not disclosed, creating uncertainty about overall financial performance.
- Occupancy Rate Risks
- Ongoing challenges related to occupancy rates, which could impact future income and cash flows.
- Environmental Remediation Costs
- Potential financial risks associated with environmental remediation efforts impacting overall financial health.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.18
What they said about what is next.
Management anticipates FFO for the year in the range of $1.48 to $1.52 per diluted share.
The filing reads worse than the one before it.
What came before.
- 10-K · February 11, 2026
- Urban Edge (UE) is a REIT focused on retail assets in the Washington, D.C. to Boston corridor with a 17.2 million sf portfolio (69 shopping centers, 2 outlet centers, 2 malls) and 90.1% consolidated occupancy. 2025…
- 10-Q · July 30, 2025
- Urban Edge reported Q2 2025 revenue of $114.08M (up $7.54M or 7.1% YoY from $106.55M) and diluted EPS of $0.46 (vs $0.26 in Q2 2024). Operating margin expanded to 27.2% (operating income $31.02M) largely driven by a…
- 10-Q · April 30, 2025
- Urban Edge reported quarter-over-quarter and year-over-year operating improvement: revenue increased to $118,165 (in thousands) from $109,626 (in thousands) in 2024 Q1 and operating margin expanded to 23.4% from 19.5%.…
- 10-Q · October 30, 2024
- Urban Edge reported Q3 revenue of $112,427,000 (three months ended September 30, 2024) — up $10,593,000 versus prior-year quarter ($101,834,000). Operating income was $28,837,000 (revenue of $112,427,000 less total…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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