secwatch.observer — SEC 8-K summary
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Issuer:     Urban Edge Properties (UE)
CIK:        0001611547
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001611547-23-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban Edge Properties Q4 FFO as Adjusted up 22% YoY; provides 2023 guidance
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- Q4 FFO as Adjusted $0.33 per share ($40.6M), up 22% vs Q4 2021; full year $1.21, up 11%.
- Same-property NOI (incl. redevelopment) grew 6.2% in Q4; same-property leased occupancy 95.4%, up 200 bps from Q3.
- Executed 788k sf of leases in Q4; same-space cash rent spread 30.6%, driven by Target, T.J. Maxx, and industrial.
- Total liquidity $929M; redevelopment pipeline $216M with expected 12% unleveraged yield.
- 2023 guidance: FFO as Adjusted $1.11–$1.17 per diluted share; net income $0.27–$0.33.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611547/000161154723000006/0001611547-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611547/000161154723000006/ue-20230214.htm
  HTML page:      https://secwatch.observer/filing/0001611547-23-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer