Urban Edge Properties (UE) Tops Q4 EPS by 29c

Urban Edge Properties (NYSE: UE) reported Q4 EPS of $0.36, $0.29 better than the analyst estimate of $0.07. Revenue for the quarter came in at $128.6 million versus the consensus estimate of $68.65 million.

• Generated Funds from Operations applicable to diluted common shareholders (\"FFO\") of $67.8 million, or $0.56 per share, for the quarter compared to $49.0 million, or $0.40 per share, for the fourth quarter of 2020. For the year ended December 31, 2021, FFO increased to $180.3 million, or $1.48 per share, from $156.3 million, or $1.27 per share, for the year ended December 31, 2020.
• Generated FFO as Adjusted of $33.1 million, or $0.27 per share, for the quarter compared to $28.0 million, or $0.23 per share, for the fourth quarter of 2020. For the year ended December 31, 2021, FFO as Adjusted increased to $133.5 million, or $1.09 per share, compared to $107.5 million, or $0.88 per share, for the year ended December 31, 2020.

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

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