Urban Edge Properties (UE) Tops Q1 EPS by 3c

Urban Edge Properties (NYSE: UE) reported Q1 EPS of $0.18, $0.03 better than the analyst estimate of $0.15. Revenue for the quarter came in at $99.05 million versus the consensus estimate of $96.18 million.

Financial Results(1)(2)

• Generated net income of $23.0 million, or $0.18 per diluted share.
• Generated Funds from Operations applicable to diluted common shareholders (\"FFO\") of $44.1 million, or $0.35 per share.
• Generated FFO as Adjusted of $41.3 million or $0.33 per share, consistent with the first quarter of 2017.
• Increased current cash balance to $515 million, up nearly $400 million compared to March 31, 2017.

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

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