Urban Edge Properties (UE) Tops Q1 EPS by 10c, Revenues Miss

Urban Edge Properties (NYSE: UE) reported Q1 EPS of $0.22, $0.10 better than the analyst estimate of $0.12. Revenue for the quarter came in at $97.73 million versus the consensus estimate of $100.3 million.

• Generated net income of $27.9 million, or $0.22 per diluted share.
• Generated Funds from Operations applicable to diluted common shareholders ("FFO") of $36.5 million, or $0.29 per share, compared to $44.1 million, or $0.35 per share, for the first quarter of 2018.
• Generated FFO as Adjusted of $37.1 million, or $0.29 per share, compared to $41.3 million, or $0.33 per share, for the first quarter of 2018.
• FFO as Adjusted for the quarter excludes expenses related to executive transition and other income and expenses that are not representative of our ongoing core operating results.

For earnings history and earnings-related data on Urban Edge Properties (UE) click here.

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