secwatch.observer — SEC 8-K summary
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Issuer:     Urban Edge Properties (UE)
CIK:        0001611547
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001611547-22-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban Edge Properties Q1 FFO rises to $0.28/share; same-property NOI up 5.5%
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- Net income of $9.5M ($0.08 diluted) vs $19.9M ($0.17) YoY; decrease due to $11.7M prior-year gain on sale.
- FFO as adjusted of $34.5M ($0.28/share) vs $32.3M ($0.26) YoY.
- Same-property NOI (ex redevelopment) up 5.5% YoY; leased occupancy 93.9%, +280bps YoY.
- Declares Q2 dividend of $0.16/share, payable June 30, 2022 to holders of record June 15.
- Liquidity of ~$800M; acquired $4.1M outparcel adjacent to Sunrise Mall in Massapequa, NY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611547/000161154722000031/0001611547-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611547/000161154722000031/ue-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001611547-22-000031

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