Urban Edge Q3 net income $14.9M, FFO as Adj $0.36; raises 2025 FFO as Adj guidance to $1.43

Urban Edge Properties

2025-Q3 EPS reported $0.64 revenue$352,375,000

Net income attributable to common shareholders $14.9M ($0.12 diluted) vs $9.1M ($0.07) in Q3 2024; FFO as Adjusted $0.36/sh vs $0.35.
Same-property NOI grew 4.1% in Q3; executed 347,000 sf of leasing with 20.6% cash spreads on same-space.
Acquired Brighton Mills Shopping Center in Allston, MA for $39M; funded via 1031 exchange from prior dispositions.
Obtained $123.6M mortgage on Shoppers World at 5.12% fixed; modified $80.4M Caguas loan to 6.15% with ~$0.4M annual interest savings.
Raised full-year 2025 FFO as Adjusted guidance mid-point to $1.43/sh, implying ~6% growth; redevelopment pipeline $149.1M at 15% yield.

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