Urban Edge Properties reports record Q2 FFO as Adjusted $0.36/share, raises FY2025 guidance

Urban Edge Properties

2025-Q2 EPS reported $0.53 revenue$232,249,000

Net income $57.98M ($0.46 diluted EPS) vs $30.76M ($0.26) in Q2 2024; FFO as Adjusted $0.36/share, up 12.5% YoY.
Same-property NOI grew 5.7% (7.4% incl. redevelopment); shop occupancy hit record 92.5%, up 270 bps YoY.
Sold three non-core properties YTD for $66M at 4.9% cap rate; raised FY2025 FFO as Adjusted guidance to $1.40-$1.44/share.
Executed 42 leases totaling 482k sf; new leases generated 18.8% average cash spread; active redevelopment $141.8M at ~15% expected yield.
Total liquidity ~$796M; paid off $50.2M mortgage; net debt to market cap 37%.

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