Urban Edge Properties (UE) Misses Q1 EPS by 2c
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Urban Edge Properties Reports First Quarter 2025 Results
April 30, 2025 7:00 AM EDTNEW YORK--(BUSINESS WIRE)-- Urban Edge Properties (NYSE: UE) (the "Company") today announced its results for the quarter ended March 31, 2025.
"Urban Edge delivered a great first quarter with FFO as Adjusted increasing by 6.0% and same-property NOI increasing by 3.8% over the first quarter of last year, said Jeff Olson, Chairman and CEO. Rent growth is accelerating throughout our markets as occupancy rates are nearing all-time highs and new development is limited. Our capital recycling efforts are advancing with $66 million of assets sold or under contract at a weighted average capitalization rate of 5%. Our... More
