secwatch.observer — SEC 8-K summary
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Issuer:     Urban Edge Properties (UE)
CIK:        0001611547
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001611547-23-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban Edge Properties Q2 FFO as adjusted $0.30, raises 2023 guidance to $1.16-$1.19
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- Q2 net income $10.3M ($0.09/diluted); FFO as adjusted $0.30, flat YoY; same-property NOI growth 2.3%.
- Same-property leased occupancy 95.5%, up 170 bps YoY; signed pipeline $27.9M future annual gross rent (11% of annualized NOI).
- Raised 2023 FFO as adjusted guidance to $1.16-$1.19 per diluted share; on track for $1.35 target by 2025.
- Active redevelopment projects $196.5M with 12% expected yield; refinanced Bergen Town Center with $290M 7-year fixed-rate loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611547/000161154723000038/0001611547-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611547/000161154723000038/ue-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001611547-23-000038

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