Urban Edge Properties raises 2025 outlook
Overview
Same-property NOI including redevelopment grows over 7% yr/yr
Company raises full-year 2025 FFO
Outlook
Urban Edge raises 2025 FFO as Adjusted guidance to $1.40-$1.44 per share
Result Drivers
RENT COMMENCEMENTS - Driven by new leases from signed but not open pipeline, boosting FFO as Adjusted
NET RECOVERY REVENUE - Higher net recovery revenue contributed to FFO as Adjusted growth
ACQUISITIONS - Growth from acquisitions completed in 2024 supported increased FFO as Adjusted
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| $0.46 |
|
Q2 Net Income |
| $57.98 mln |
|
Q2 FFO Per Share |
| $0.34 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy"
Wall Street's median 12-month price target for Urban Edge Properties is $22.50, about 11.4% above its July 29 closing price of $19.94
The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 80 three months ago
Press Release: ID:nBwzdgsPa
