---
schema_version: "secwatch.filing_event.v1"
accession: "0001611547-23-000052"
form_type: "8-K"
ticker: "UE"
cik: "0001611547"
company_name: "Urban Edge Properties"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:44:30.316121+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Urban Edge Q3 FFO as Adj $0.32/shr; raises 2023 guidance; acquires Boston centers for $309M, sells industrial for $218M

## Summary
- Q3 FFO as Adjusted $0.32/shr vs $0.30 YoY; net income $36.1M includes $43M debt extinguishment gain.
- Full-year 2023 FFO as Adjusted guidance raised by $0.06 per share to $1.22-$1.25.
- Acquired Shoppers World and Gateway Center (Boston) for $309M; sold East Hanover industrial portfolio for $217.5M (4.9% cap rate).
- Same-property NOI growth (incl redevelopment) 3.3% in Q3; portfolio leased occupancy 95.0%, up 130 bps YoY; cash rent spreads 12.5%.
- Capital recycling expected to increase 2024 FFO as Adjusted by $5M/yr ($0.04/shr); active redevelopment projects with $168.5M costs.

## SEC filing metadata
- accession: 0001611547-23-000052
- form_type: 8-K
- ticker: UE
- cik: 0001611547
- company_name: Urban Edge Properties
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611547/000161154723000052/0001611547-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611547/000161154723000052/ue-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001611547-23-000052
- JSON: https://secwatch.observer/filing/0001611547-23-000052.json
- Plain text: https://secwatch.observer/filing/0001611547-23-000052.txt

## Key facts
- Earnings Releases
  Urban Edge Properties reported the quarter ended September 30, 2023 results: net income $36,118, EPS 0.31. Guidance raised.
  - Period: the quarter ended September 30, 2023
  - Net income: $36,118
  - EPS: 0.31
  - Guidance: raised
  - Result: reported results
  source text: On October 31, 2023, the Company announced its financial results for the three and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1611547/000161154723000052/0001611547-23-000052-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.