Urban Edge Q1 FFO as Adjusted up 6.0%, same-property NOI +3.8%

Urban Edge Properties

2025-Q1 EPS reported $0.07 revenue$118,165,000

FFO as Adjusted per diluted share $0.35 vs $0.33 in Q1 2024; net income $8.2M ($0.07/diluted share).
Same-property NOI growth 3.8% (incl. redevelopment); consolidated leased occupancy 96.4%.
Executed 434,000 sf of leases; new leases had 34.3% cash spread; signed pipeline $25.1M future annual rent.
Sold portion of Bergen Town Center for $25M; two assets under contract for $41.2M (5% cap rate).
Reiterates 2025 FFO as Adjusted guidance of $1.37-$1.42 per diluted share; active redevelopment yield ~14%.

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