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Urban Edge Properties

Urban Edge Properties

UE
$20.57USD↓-0.63%-0.13 today

MARKET CAP

2.6B

P/E (TTM)

38.3x

FWD P/E

41.6x

DAY RANGE

$21 – $21

52W RANGE

$18
$24

AI Summary

Stalk
TrimMedium

UE remains in Stage 4 distribution after breaking below key moving averages and near-term support, confirming a medium-term bearish bias. Price is extended into extreme oversold territory, diminishing the immediacy of further selling. Preferred engagement is to trim into rallies toward the 9/20 EMAs and the broken support-turned-resistance zone. A sustained reclaim above these levels would invalidate the bearish medium-term outlook.

  • ↑Q2 FFO per share $0.40, +10% YoY, exceeded expectations
  • ↑Executed 26 leases with 13% cash spread; year-end target >20%
  • ↓Negative profitability metrics point to weak returns and cash flow
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Urban Edge Properties (NYSE: UE) is a leading real estate investment trust (REIT) specializing in acquiring, developing, and managing retail shopping centers, primarily situated along the densely populated Northeast corridor, from Washington, D.C. to Boston. The company strategically focuses on enhancing long-term value through a robust redevelopment pipeline and disciplined capital recycling, optimizing occupancy rates and positive cash flow amidst competitive market conditions.

Bull says

  • ↑Q2 FFO per share $0.40, +10% YoY, exceeded expectations
  • ↑Executed 26 leases with 13% cash spread; year-end target >20%
  • ↑Divested low-growth assets to reinvest in higher-growth properties
  • ↑Total liquidity ~$960 M (including $82 M cash) supports growth
  • ↑Declared $0.21 quarterly dividend (3.8% yield) for income investors
  • ↑Strong momentum and prudent leverage underpin financial stability

Bear says

  • ↓Negative profitability metrics point to weak returns and cash flow
  • ↓Negative earnings yield and high interest-rate sensitivity weigh on valuation
  • ↓Fierce acquisition competition compresses cap rates, curbing growth
  • ↓Wren Kitchens bankruptcy drove occupancy lower, raising churn risk
  • ↓Selective leasing trimmed occupancy to ~96.3%, pressuring near-term cash
  • ↓Northeast-only focus heightens vulnerability to regional economic swings

Investment themes with UE

Retail REITs↑ +0.51%

KIM · REG · FRT

Earnings Call · Q1 2024 · Mgmt. Guidance

Updated 05-04-2025bullish

Transcript signals

Bull points

  • We reported FFO as adjusted of $0.33 per share in the first quarter.
  • Same property NOI growth, including redevelopment, was up 3.7% compared to the first quarter of 2023, attributed to new rent commencements, lower bad debt, and better-than-expected recoveries on amounts previously deemed uncollectible.
  • NOI also benefited from our retention rate in the quarter, which was almost 100%.

Bear points

  • But if you can talk a little bit about what that means also for your recovery ratio.
  • Maybe can you just dig a little bit deeper into that? What's sort of driving the leasing sort of this time around? And as part of that, the fact that maybe you're also disclosing or maybe some of the lower quality, less leasable assets?
Read full transcript analysis ›