Urban Edge Properties (UE)

Urban Edge Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	467.5	444.47	406.11	396.38	422.47	328.28
Other Revenue	1.24	0.5	0.81	1.56	2.62	1.82
Total Revenue	468.74	444.97	406.92	397.94	425.08	330.1
Revenue Growth (YoY	7.71%	9.35%	2.26%	-6.39%	28.78%	-14.85%
Property Expenses	159.64	160.6	146.09	148.66	145.25	129.84
Selling, General & Administrative	39.87	37.47	37.07	43.09	39.15	48.68
Depreciation & Amortization	144.11	150.39	108.98	98.43	92.33	96.03
Total Operating Expenses	343.62	348.46	292.14	290.18	276.73	274.55
Operating Income	125.13	96.51	114.79	107.76	148.35	55.54
Interest Expense	-78.25	-81.59	-74.95	-58.98	-57.94	-71.02
Interest & Investment Income	2.74	2.67	3.04	1.11	0.36	2.6
Other Non-Operating Income	-4.35	-	-	-	-	-
EBT Excluding Unusual Items	45.27	17.59	42.88	49.89	90.77	-12.87
Gain (Loss) on Sale of Assets	73.16	38.82	217.71	0.35	18.65	39.78
Asset Writedown	-	-	-34.06	-	-0.47	-3.06
Total Legal Settlements	-	-	10	-	-	-
Other Unusual Items	0.32	21.42	41.14	-	-	34.91
Pretax Income	118.75	77.83	277.68	50.24	108.95	58.75
Income Tax Expense	2.53	2.39	17.8	2.9	1.14	-39
Earnings From Continuing Operations	116.22	75.44	259.88	47.34	107.82	97.75
Minority Interest in Earnings	-4.99	-2.88	-11.38	-1.17	-5.13	-4.16
Net Income	111.23	72.56	248.5	46.17	102.69	93.59
Preferred Dividends & Other Adjustments	0.08	0.07	0.2	0.02	0.05	0.06
Net Income to Common	111.16	72.5	248.3	46.15	102.64	93.53
Net Income Growth	-57.82%	-70.80%	438.22%	-55.04%	9.72%	-14.55%
Basic Shares Outstanding	125	121	118	117	117	118
Diluted Shares Outstanding	126	121	118	122	121	118
Shares Change (YoY)	5.12%	3.26%	-3.32%	0.16%	3.01%	-1.66%
EPS (Basic)	0.89	0.60	2.11	0.39	0.88	0.79
EPS (Diluted)	0.89	0.60	2.11	0.39	0.88	0.79
EPS Growth	-59.77%	-71.71%	437.80%	-55.13%	10.26%	-13.02%
Dividend Per Share	0.740	0.680	0.640	0.640	0.600	0.220
Dividend Growth	10.45%	6.25%	-	6.67%	172.73%	-75.00%
Operating Margin	26.69%	21.69%	28.21%	27.08%	34.90%	16.83%
Profit Margin	23.71%	16.29%	61.02%	11.60%	24.15%	28.33%
EBITDA	258.21	241.83	215.95	201.89	187.31	142.67
EBITDA Margin	55.08%	54.35%	53.07%	50.73%	44.06%	43.22%
D&A For Ebitda	133.08	145.32	101.17	94.13	38.96	87.13
EBIT	125.13	96.51	114.79	107.76	148.35	55.54
EBIT Margin	26.69%	21.69%	28.21%	27.08%	34.90%	16.83%
Funds From Operations (FFO)	186.54	186.73	184.44	-	-	-
FFO Per Share	-	1.48	1.51	-	-	-
Adjusted Funds From Operations (AFFO)	-	169.72	153.05	-	-	-
AFFO Per Share	-	1.35	1.25	-	-	-
FFO Payout Ratio	49.83%	44.40%	40.77%	-	-	-
Effective Tax Rate	2.13%	3.07%	6.41%	5.78%	1.04%	-
Revenue as Reported	468.74	444.97	416.92	397.94	425.08	330.1

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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