secwatch.observer — SEC 8-K summary
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Issuer:     Urban Edge Properties (UE)
CIK:        0001611547
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001611547-25-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611547/000161154725000027/0001611547-25-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611547/000161154725000027/ue-20250430.htm
  HTML page:      https://secwatch.observer/filing/0001611547-25-000027

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