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

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

Urban Edge Properties Reports First Quarter 2019 Results

May 1, 2019 4:15 PM EDT

NEW YORK--(BUSINESS WIRE)-- Urban Edge Properties (NYSE: UE) (the "Company") today announced its results for the quarter ended March31, 2019.

Financial Results(1)(2)

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.... More