secwatch.observer — SEC 8-K summary
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Issuer:     Urban Edge Properties (UE)
CIK:        0001611547
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001611547-24-000011
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 reports FY23 FFO as adj $1.25/share; raises dividend 6%; provides 2024 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611547/000161154724000011/0001611547-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611547/000161154724000011/ue-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001611547-24-000011

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