Urban Edge Properties reports FY23 FFO as adj $1.25/share; raises dividend 6%; provides 2024 outlook

Urban Edge Properties

2023-FY EPS reported $2.11 revenue$416,922,000

Net income for FY23 $248.5M vs $46.2M; FFO as adj per share $1.25 vs $1.21 (+3.3%).
Q4 same-property NOI incl redev adjusted up 0.6%, full year 4.3%.
Completed $309M acquisition of two Boston shopping centers and $318M dispositions in Q4.
Board raises quarterly dividend to $0.17 from $0.16, a 6.25% increase.
FY24 guidance: FFO as adj $1.24-$1.29 per diluted share.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

Urban Edge Properties reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 14, 2024, the Company announced its financial results for the three and twelve months ended December 31, 2023.

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Source: SEC EDGAR

accession 0001611547-24-000011

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