earnings
confidence high
sentiment positive
materiality 0.90
Urban Edge Properties Reports Q1 2026 Results, Raises FFO Guidance
Urban Edge Properties
2026-Q1 EPS reported
$0.18
revenue$132,624,000
- Net income per diluted share rose to $0.18 from $0.07 in Q1 2025, and FFO per diluted share increased to $0.42 from $0.35.
- Acquired The Village at Bridgewater Commons for $54.3 million at a 7.7% cap rate.
- Raised 2026 FFO as Adjusted guidance low end by $0.01 to $1.48-$1.52 per diluted share.
- Same-property NOI grew 2.4% and executed 419,000 sf of leasing with new lease cash spread of 52%.
- Entered into $950 million unsecured credit facilities, expanding borrowing capacity by $150 million.