Urban Edge Properties (UE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.11	$0.13	+18.2%	—	$122.8M	—
Q1 26	$0.11	$0.11	0.0%	—	$132.6M	—
Q3 25	$0.1	$0.08	-20.0%	—	$120.1M	—
Q2 25	$0.04	$0.1	+150.0%	—	$114.1M	—
Q1 25	$0.16	$0.07	-56.3%	—	$118.2M	—
Q4 24	$0.11	$0.05	-54.5%	—	$116.4M	—
Q3 24	$0.13	$0.08	-38.5%	—	$112.4M	—
Q2 24	$0.04	$0.26	+550.0%	—	$106.5M	—
Q1 24	$0.08	$0.02	-75.0%	—	$109.6M	—
Q4 23	$0.14	-$0.04	-128.6%	—	$116.6M	—
Q3 23	$0.09	$0.05	-44.4%	—	$101.8M	—
Q2 23	$0.08	$0.1	+25.0%	—	$99.1M	—
Q1 23	$0.11	$0.13	+18.2%	—	$99.4M	—
Q4 22	$0.1	$0.12	+20.0%	—	$101.6M	—
Q3 22	$0.1	$0.1	0.0%	—	$98.3M	—
Q2 22	$0.08	$0.1	+25.0%	—	$97.9M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.74	—	—	$471.9M	—
FY24	—	$0.6	—	—	$445M	—
FY23	—	$2.11	—	—	$416.9M	—
FY22	—	$0.39	—	—	$397.9M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$326M	$407M	$414.2M	$387.6M	$330.1M	$425.1M	$397.9M	$416.9M	$445M	$471.9M
YoY change	+0.94%	+24.9%	+1.75%	-6.4%	-14.8%	+28.8%	-6.39%	+4.77%	+6.73%	+6.06%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	326M	407M	414.2M	387.6M	330.1M	425.1M	397.9M	416.9M	445M	471.9M
Cost of revenue	96.7M	114.1M	142M	124.2M	116.2M	132.4M	136.2M	133.5M	147.4M	152.9M
Gross profit	229.3M	293M	272.1M	263.4M	213.9M	292.7M	261.7M	283.5M	297.5M	319.1M
Gross margin	70.3%	72%	65.7%	68%	64.8%	68.9%	65.8%	68%	66.9%	67.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	38.9M	41.5M	46.4M	52.7M	62.3M	52M	55.5M	49.7M	50.6M	53.1M
Operating expenses	40.3M	41.8M	46.4M	52.7M	62.3M	52M	55.5M	49.7M	50.6M	53.1M
Operating income	133M	169.1M	126.3M	116.6M	55.5M	148.4M	107.8M	124.8M	96.5M	126.8M
Operating margin	40.8%	41.6%	30.5%	30.1%	16.8%	34.9%	27.1%	29.9%	21.7%	26.9%
Non-operating income, net	15.6M	-42.5M	50.7M	57.7M	71.6M	18.2M	353K	224.8M	60.2M	48.8M
Pretax income	97.4M	72.7M	120.5M	117.5M	58.8M	109M	50.2M	277.7M	77.8M	100.1M
Income tax	804K	-278K	3.5M	1.3M	-39M	1.1M	2.9M	17.8M	2.4M	2.6M
Net income	96.6M	72.9M	117M	116.2M	97.8M	107.8M	47.3M	259.9M	75.4M	97.5M
Net margin	29.6%	17.9%	28.2%	30%	29.6%	25.4%	11.9%	62.3%	17%	20.7%
EBITDA	188M	251M	234.7M	220.2M	153.1M	238.1M	203.9M	232.7M	245.2M	263.4M
EPS	0.91	0.62	0.92	0.91	0.79	0.88	0.39	2.11	0.6	0.74
Diluted EPS	0.91	0.61	0.92	0.91	0.79	0.88	0.39	2.11	0.6	0.74

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	101.8M	116.6M	109.6M	106.5M	112.4M	116.4M	118.2M	114.1M	120.1M	119.6M	132.6M	122.8M
Cost of revenue	32.8M	35.7M	37.5M	35.7M	36.1M	38.1M	39.1M	34.1M	34.9M	44.8M	45.5M	36.2M
Gross profit	69M	80.9M	72.1M	70.8M	76.3M	78.3M	79.1M	80M	85.3M	74.8M	87.1M	86.6M
Gross margin	67.8%	69.4%	65.8%	66.5%	67.9%	67.3%	66.9%	70.1%	71%	62.5%	65.7%	70.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	12.1M	12.3M	12.2M	12.5M	12.8M	13.1M	12.9M	15M	12.3M	12.9M	12.3M	13M
Operating expenses	12.1M	12.3M	12.2M	12.5M	12.8M	13.1M	12.9M	15M	12.3M	12.9M	12.3M	13M
Operating income	30M	37.1M	21.4M	18.7M	28.8M	27.6M	29M	32.4M	36.1M	29.3M	42.5M	38.6M
Operating margin	29.5%	31.8%	19.5%	17.5%	25.6%	23.8%	24.5%	28.4%	30.1%	24.5%	32%	31.4%
Non-operating income, net	43M	216M	1.6M	35.1M	—	23.5M	-829K	47.9M	-1.4M	3.1M	-212K	—
Pretax income	54.6M	231.9M	3.1M	32.6M	10M	32.2M	9M	61.4M	16.1M	13.5M	23.9M	19.4M
Income tax	17.1M	-10K	665K	539K	518K	664K	619K	643K	600K	739K	378K	749K
Net income	37.5M	231.9M	2.4M	32M	9.5M	31.5M	8.4M	60.8M	15.5M	12.8M	23.5M	18.6M
Net margin	36.9%	198.9%	2.23%	30.1%	8.42%	27.1%	7.09%	53.3%	12.9%	10.7%	17.8%	15.2%
EBITDA	56.4M	68.9M	60.5M	58.9M	63M	64.6M	64.3M	68.6M	70.8M	65.2M	73.8M	75.5M
EPS	0.31	1.88	0.02	0.26	0.07	0.24	0.07	0.46	0.12	0.1	0.18	0.14
Diluted EPS	0.31	1.88	0.02	0.26	0.07	0.24	0.07	0.46	0.12	0.1	0.18	0.14

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.7B	2.7B	1.9B	2.3B	1.5B	2.2B	1.7B	2.2B	2.6B	2.4B	2.7B
Enterprise value	3.8B	3.8B	3B	3.5B	2.8B	3.8B	3.3B	3.8B	4.3B	4B	4.3B
Shares outstanding	99.4M	107.1M	113.9M	119.8M	117.7M	117M	117.4M	117.5M	121.3M	125.7M	125.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	28.3	37.4	16.2	19.8	15.6	20.6	34.9	8.27	34.6	24.7	37.6
P/S	8.39	6.71	4.57	5.93	4.61	5.23	4.16	5.16	5.86	5.11	5.63
P/B	5.51	2.76	1.88	2.26	1.53	2.12	1.61	1.76	1.92	1.75	1.96
EV/EBITDA	20.2	15.2	12.8	15.9	18.3	16	16.3	16.5	17.3	15.3	15.9
EV/Sales	11.7	9.35	7.25	9.02	8.5	8.97	8.35	9.2	9.56	8.54	8.81
Earnings yield	3.54%	2.67%	6.18%	5.06%	6.42%	4.85%	2.86%	12.1%	2.89%	4.04%	2.66%
FCF yield	5.02%	5.78%	7.24%	6.81%	7.41%	6.08%	8.44%	7.58%	5.87%	7.58%	8.25%
PEG	—	—	—	—	—	—	—	—	—	—	-0.54

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	70.3%	72%	65.7%	68%	64.8%	68.9%	65.8%	68%	66.9%	67.6%	70.5%
Operating margin	40.8%	41.6%	30.5%	30.1%	16.8%	34.9%	27.1%	29.9%	21.7%	26.9%	31.4%
Net margin	29.6%	17.9%	28.2%	30%	29.6%	25.4%	11.9%	62.3%	17%	20.7%	13.9%
ROE	19.5%	7.36%	11.6%	11.5%	9.82%	10.3%	4.6%	21.3%	5.54%	7.08%	5.09%
ROA	5.07%	2.59%	4.18%	4.08%	3.33%	3.61%	1.59%	7.92%	2.28%	2.94%	2.79%
ROIC	8.45%	8.19%	5.79%	5.21%	2.44%	5.56%	3.76%	4.02%	3.11%	4.12%	4.62%
Return on tangible assets	5.16%	2.67%	4.28%	4.15%	3.39%	3.79%	1.66%	8.21%	2.36%	3.02%	2.14%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	5.17	19	13.1	12.2	4.81	4.63	2.67	1.14	1.71	2.43	0.69
Quick ratio	5.17	18.9	13.1	12.1	4.74	4.63	2.67	1.14	1.62	2.43	1.31
Debt / equity	2.41	1.58	1.54	1.61	1.68	1.67	1.7	1.46	1.24	1.21	1.27
Debt / assets	0.63	0.55	0.55	0.57	0.57	0.59	0.59	0.55	0.51	0.5	0.52
Net debt / EBITDA	5.67	4.28	4.73	5.45	8.39	6.68	8.19	7.25	6.7	6.14	5.91
Interest coverage	2.99	2.36	2.94	2.84	1.86	2.98	1.9	4.92	2.01	2.37	2.01
Effective tax rate	0.83%	0%	2.92%	1.1%	0%	1.05%	5.78%	6.41%	3.07%	2.6%	3.38%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.28	3.8	3.64	3.24	2.8	3.63	3.39	3.55	3.67	3.75	3.87
EPS (basic)	0.91	0.62	0.92	0.91	0.79	0.88	0.39	2.11	0.6	0.74	0.74
EPS (diluted)	0.91	0.61	0.92	0.91	0.79	0.88	0.39	2.11	0.6	0.74	0.53
Book value per share	4.99	9.25	8.83	8.47	8.46	8.95	8.78	10.4	11.2	11	10.2
FCF per share	1.38	1.47	1.2	1.31	0.96	1.16	1.19	1.39	1.26	1.45	1.61
Cash per share	1.32	4.58	3.87	3.62	3.27	1.41	0.73	0.86	0.34	0.39	0.46
Capex per share	—	0	0	0.06	0	0.02	0	0	—	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	0%	0%	1.79%	0%	0.56%	0%	0%	—	—	—
Capex / operating cash flow	—	0%	0%	3.2%	0%	1.6%	0%	0%	—	—	—
Payout ratio	84.1%	130.8%	85.7%	91.4%	27.3%	115%	158.6%	28.9%	109.9%	98%	150.9%
Dividend yield	2.97%	3.49%	5.3%	4.62%	1.75%	5.58%	4.54%	3.5%	3.18%	3.96%	4.22%

Yield

4.22%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.21

ex-dividend Sep 15, 2026

Payout ratio

151%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 15, 2026	$0.21
Jun 15, 2026	$0.21
Mar 13, 2026	$0.21
Dec 15, 2025	$0.19
Sep 15, 2025	$0.19
Jun 13, 2025	$0.19
Mar 14, 2025

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$101.8M	$116.6M	$109.6M	$106.5M	$112.4M	$116.4M	$118.2M	$114.1M	$120.1M	$119.6M	$132.6M	$122.8M
YoY change	+3.61%	+14.8%	+10.2%	+7.55%	+10.4%	-0.18%	+7.79%	+7.07%	+6.85%	+2.74%	+12.2%	+7.62%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	131.7M	490.3M	440.4M	433M	384.6M	164.5M	85.5M	101.1M	41.4M	48.9M
Receivables	97M	105.9M	113.5M	95.4M	77.8M	78.5M	82.2M	75.5M	81.8M	90.5M
Inventory	—	3.3M	0	6.6M	7.1M	—	—	—	10.3M	0
Total current assets	252.5M	621.5M	581.3M	606.8M	515.6M	310.4M	225.7M	262.8M	196.2M	182.9M
Property, plant & equipment	—	—	—	84.5M	83.7M	72.1M	66.9M	59.7M	68.2M	61.6M
Goodwill & intangibles	30.9M	87.2M	68.4M	48.1M	56.2M	142.2M	125.7M	113.9M	109.8M	87.6M
Total assets	1.9B	2.8B	2.8B	2.8B	2.9B	3B	3B	3.3B	3.3B	3.3B
Accounts payable	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	—	—	3M	3M	—	—	153M	50M	3.1M
Total current liabilities	48.8M	32.7M	44.5M	49.7M	107.2M	67.1M	84.5M	231.4M	115M	75.2M
Long-term debt	1.2B	1.6B	1.6B	1.6B	1.7B	1.8B	1.8B	1.6B	1.6B	1.7B
Total liabilities	1.4B	1.8B	1.8B	1.8B	1.9B	1.9B	1.9B	2.1B	1.9B	1.9B
Shareholders' equity	496.1M	990.5M	1B	1B	995.9M	1B	1B	1.2B	1.4B	1.4B
Total debt	1.2B	1.6B	1.6B	1.6B	1.7B	1.8B	1.8B	1.8B	1.7B	1.7B
Net debt	1.1B	1.1B	1.1B	1.2B	1.3B	1.6B	1.7B	1.7B	1.6B	1.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	50.8M	101.1M	67.3M	78.6M	67.9M	41.4M	48M	53M	77.8M	48.9M	50M	58.3M
Receivables	83.3M	75.5M	76.4M	85.2M	80.6M	81.8M	88.9M	87.5M	87.2M	90.5M	98.1M	89.1M
Inventory	—	—	15.1M	—	46.5M	10.3M	10.3M	0	0	0	—	19.5M
Total current assets	176.6M	262.8M	207.7M	202.4M	231.7M	196.2M	214.7M	220.1M	247.2M	182.9M	192.4M	204.1M
Property, plant & equipment	60.1M	59.7M	53.4M	58.3M	59.7M	68.2M	66.5M	64.8M	63.2M	61.6M	59.9M	58.3M
Goodwill & intangibles	54.8M	113.9M	110.5M	114.5M	105.9M	109.8M	101.5M	95.1M	87.3M	87.6M	91.1M	85.2M
Total assets	2.9B	3.3B	3.2B	3.2B	3.2B	3.3B	3.3B	3.3B	3.3B	3.3B	3.4B	3.4B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	153M	153M	150M	—	50M	75M	90M	3M	3.1M	33.1M	58.1M
Total current liabilities	66.2M	231.4M	222.3M	220.3M	113.2M	115M	131.9M	155.5M	69.6M	75.2M	91.4M	140.9M
Long-term debt	1.7B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.7B	1.7B	1.7B	1.7B
Total liabilities	1.9B	2.1B	2B	2B	1.9B	1.9B	2B	1.9B	1.9B	1.9B	2B	2B
Shareholders' equity	1B	1.2B	1.2B	1.3B	1.3B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B
Total debt	1.7B	1.8B	1.7B	1.7B	1.6B	1.7B	1.7B	1.7B	1.7B	1.7B	1.8B	1.7B
Net debt	1.6B	1.7B	1.7B	1.6B	1.5B	1.6B	1.7B	1.6B	1.6B	1.6B	1.7B	1.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	96.6M	72.9M	117M	116.2M	97.8M	107.8M	47.3M	259.9M	75.4M	97.5M
Depreciation & amortization	57.2M	82.5M	102.9M	96.6M	97.8M	39M	94.1M	101.2M	145.3M	124.4M
Stock-based compensation	5.4M	7.1M	9.7M	13.5M	17M	10.8M	10.5M	7.8M	10.4M	11.8M
Change in working capital	-2.8M	1M	-14.3M	-2.2M	6.5M	-15.7M	-17.9M	3.7M	-22.9M	-13.5M
Operating cash flow	151.7M	118.1M	184.7M	217.5M	226.4M	147.8M	139.1M	375.4M	213.1M	182.7M
Capital expenditure	—	0	0	6.9M	0	2.4M	0	0	—	—
Investing cash flow	—	0	1.3M	19.6M	0	2.4M	0	0	—	—
Dividends paid	-81.2M	-95.4M	-100.2M	-106.2M	-26.6M	-124M	-75.1M	-75.2M	-82.9M	-95.5M
Share repurchases	—	0	0	-6M	-54.1M	0	0	—	—	-419K
Financing cash flow	-115.9M	498.5M	-115.6M	-126.3M	-80.2M	-23.5M	-78.8M	161K	-2.1M	-118.9M
Net change in cash	35.9M	616.6M	70.5M	110.8M	146.2M	126.6M	60.4M	375.6M	211M	63.8M
Free cash flow	137.2M	157.9M	137M	156.4M	112.8M	135.3M	139.6M	163M	153.2M	182.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	37.5M	231.9M	2.4M	32M	9.5M	31.5M	8.4M	60.8M	15.5M	12.8M	23.5M	18.6M
Depreciation & amortization	22.7M	21.2M	39.5M	40.7M	31M	34.2M	36.1M	38.2M	28.8M	25.5M	29.8M	37.7M
Stock-based compensation	1.8M	1.8M	2.4M	2.4M	2.7M	2.9M	2.7M	3.6M	2.7M	2.8M	3.7M	2.9M
Change in working capital	7.6M	5.8M	-8M	-7.6M	-7.7M	374K	-11.8M	-5.9M	5.6M	1.4M	-21.7M	6.8M
Operating cash flow	73.9M	266.2M	35.6M	68.2M	38.6M	70.6M	36.2M	43.5M	55.7M	51M	39.1M	66.7M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	—	—	—	—
Dividends paid	-18.8M	-18.8M	-20.2M	-20.2M	-21.2M	-21.3M	-23.9M	-23.9M	-23.9M	-23.9M	-26.4M	-26.5M
Share repurchases	—	—	—	—	—	—	—	—	—	-9K	—	—
Financing cash flow	-19.9M	-241.6M	-57.8M	-17.5M	36.3M	36.9M	-4.2M	-138.9M	77.3M	-52.5M	52.7M	-62M
Net change in cash	54M	24.6M	-22.2M	50.8M	74.9M	107.6M	32M	-95.4M	133M	-1.5M	91.8M	4.7M
Free cash flow	34.4M	60.2M	22.9M	41.2M	36.6M	52.4M	32.6M	43.5M	55.7M	51M	39.1M	66.7M

Urban Edge Properties Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement