Urban Edge Properties Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	470.69	444.47	406.11	396.38	422.47
Other Revenue	1.25	0.5	10.81	1.56	2.62
Total Revenue	471.94	444.97	416.92	397.94	425.08
Revenue Growth (YoY	6.06%	6.73%	4.77%	-6.39%	28.78%
Property Expenses	166.03	160.6	146.09	148.66	145.25
Selling, General & Administrative	39.68	37.47	37.07	43.09	39.15
Depreciation & Amortization	139.17	150.39	108.98	98.43	92.33
Total Operating Expenses	344.87	348.46	292.14	290.18	276.73
Operating Income	127.06	96.51	124.79	107.76	148.35
Interest Expense	-78.23	-81.59	-74.95	-58.98	-57.94
Interest & Investment Income	2.77	2.67	3.04	1.11	0.36
Other Non-Operating Income	-0.35	-	-	-	-
EBT Excluding Unusual Items	51.25	17.59	52.88	49.89	90.77
Gain (Loss) on Sale of Assets	49.7	38.82	217.71	0.35	18.65
Asset Writedown	-	-	-34.06	-	-0.47
Total Legal Settlements	-0.3	-	-	-	-
Other Unusual Items	-0.53	21.42	41.14	-	-
Pretax Income	100.11	77.83	277.68	50.24	108.95
Income Tax Expense	2.6	2.39	17.8	2.9	1.14
Earnings From Continuing Operations	97.51	75.44	259.88	47.34	107.82
Minority Interest in Earnings	-3.98	-2.88	-11.38	-1.17	-5.13
Net Income	93.54	72.56	248.5	46.17	102.69
Preferred Dividends & Other Adjustments	0.06	0.07	0.2	0.02	0.05
Net Income to Common	93.48	72.5	248.3	46.15	102.64
Net Income Growth	28.90%	-70.80%	438.22%	-55.04%	9.72%
Basic Shares Outstanding	126	121	118	117	117
Diluted Shares Outstanding	126	121	118	122	121
Shares Change (YoY)	3.69%	3.26%	-3.32%	0.16%	3.01%
EPS (Basic)	0.74	0.60	2.11	0.39	0.88
EPS (Diluted)	0.74	0.60	2.11	0.39	0.88
EPS Growth	23.84%	-71.71%	437.80%	-55.13%	10.26%
Dividend Per Share	0.760	0.680	0.640	0.640	0.600
Dividend Growth	11.77%	6.25%	-	6.67%	172.73%
Operating Margin	26.92%	21.69%	29.93%	27.08%	34.90%
Profit Margin	19.81%	16.29%	59.55%	11.60%	24.15%
EBITDA	251.45	237.33	223.02	201.89	187.31
EBITDA Margin	53.28%	53.34%	53.49%	50.73%	44.06%
D&A For Ebitda	124.39	140.82	98.23	94.13	38.96
EBIT	127.06	96.51	124.79	107.76	148.35
EBIT Margin	26.92%	21.69%	29.93%	27.08%	34.90%
Funds From Operations (FFO)	186.38	186.73	-	-	-
FFO Per Share	1.43	1.48	-	-	-
Adjusted Funds From Operations (AFFO)	187.14	169.72	-	-	-
AFFO Per Share	1.43	1.35	-	-	-
FFO Payout Ratio	51.26%	44.40%	-	-	-
Effective Tax Rate	2.60%	3.07%	6.41%	5.78%	1.04%
Revenue as Reported	471.94	444.97	416.92	397.94	425.08

Updated Feb 11, 2026. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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