Urban Edge Properties (UE) Tops Q1 EPS by 16c, Revenues Beat
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Urban Edge Properties Reports First Quarter 2021 Results
May 3, 2021 4:15 PM EDTNEW YORK--(BUSINESS WIRE)-- Urban Edge Properties (NYSE: UE) (the "Company") today announced its results for the quarter ended March 31, 2021.
We are encouraged by the momentum of the retail recovery as we continue to execute on our leasing, development and redevelopment strategies. Our leasing pipeline reflects strong demand from grocers, discounters and a variety of restaurants, said Jeff Olson, Chairman and CEO. Our rent collection rate has now reached 95%, and we expect further improvement as state and local operating restrictions are lifted in the New York metropolitan area.
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