UE annual letter details 6-7% FFO growth plan; 2021 FFO adj. $1.09 (+24% YoY)

Urban Edge Properties

2021 FFO as Adjusted grew 24% to $1.09 per share; same-property NOI +14%; occupancy 94.1% (+250 bps).
Strategic plan targets 6-7% annual FFO growth through 2025, adding $6/share NAV via anchor redevelopments, occupancy to 96%+, land monetization, and $50M debt refinancing.
Active redevelopment pipeline of $220M with $100M more expected; projects yield ~10% unleveraged.
Acquired Woodmore Towne Centre (Costco/Wegmans) for $193M in Dec 2021; initial leveraged yield ~11% with 3.4% interest-only debt.
Board refreshment: Susan Givens and Norman Jenkins joined; Amy Lane and Michael Gould retiring at upcoming annual meeting.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.