secwatch.observer — SEC 8-K summary
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Issuer:     Urban Edge Properties (UE)
CIK:        0001611547
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001611547-24-000054
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban Edge Properties Q3 2024 FFO as Adjusted up 9%; raises full-year guidance
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- Q3 2024 FFO as Adjusted per diluted share $0.35, up 9% YoY from $0.32; net income $9.08M vs $36.12M due to prior-year debt gain.
- Same-property NOI grew 4.8% in Q3; retail shop leased occupancy up 500 bps to 90.4%.
- Acquired The Village at Waugh Chapel for $126M (6.6% cap); sold Home Depot Union for $71M (5.4% cap) via 1031 exchange.
- Updated 2024 FFO as Adjusted guidance to $1.32-$1.35 per share, up $0.03 at midpoint; reaffirms 2025 target high end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611547/000161154724000054/0001611547-24-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611547/000161154724000054/ue-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001611547-24-000054

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