secwatch.observer — SEC 8-K summary
======================================

Issuer:     Urban Edge Properties (UE)
CIK:        0001611547
Form:       8-K
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0001611547-25-000045
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 record Q2 FFO as Adjusted $0.36/share, raises FY2025 guidance
--------------------------------------------------------------------------------

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611547/000161154725000045/0001611547-25-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611547/000161154725000045/ue-20250730.htm
  HTML page:      https://secwatch.observer/filing/0001611547-25-000045

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