secwatch.observer — SEC 8-K summary
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Issuer:     Urban Edge Properties (UE)
CIK:        0001611547
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001611547-22-000106
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban Edge Properties Q3 FFO as Adjusted $0.30 vs $0.28; FY22 guidance $1.17-$1.19
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- Net income $11.4M ($0.10 diluted) vs $27.8M ($0.24) in Q3 2021; adjusted FFO per share up 7%.
- Same-property NOI (ex-redevelopment) grew 3.4% YoY; portfolio leased occupancy 94.7%, up 180 bps YoY.
- Executed anchor lease with Target at Bruckner Commons (139k sf); future gross rent from uncommenced leases $23.8M (10% of annualized NOI).
- FY22 guidance: FFO as Adjusted $1.17-$1.19 per share; net income $0.36-$0.38 per share.
- Quarterly dividend maintained at $0.16 per share; payable Dec 30, 2022 to holders of record Dec 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611547/000161154722000106/0001611547-22-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611547/000161154722000106/ue-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001611547-22-000106

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