Urban Edge Properties (NYSE:UE)

Urban Edge Properties UE

Real Estate - REIT - Diversified - NYSE - US

Watchlist

$ 22.95

-0.217 %

$ 2.87 B

Market Cap

10.29

P/E

1. INTRINSIC VALUE

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 78 properties totaling 15.1 million square feet of gross leasable area.[ Read More ]

The intrinsic value of one UE stock under the base case scenario is HIDDEN Compared to the current market price of 22.9 USD, Urban Edge Properties is HIDDEN

UE Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart UE

FINANCIALS

Annual
Quarterly

417 M REVENUE

Growth Rates

1Year 4.77%

3Years 8.09%

5Years 0.13%

7Years 3.58%

10Years 1.39%

125 M OPERATING INCOME

Growth Rates

1Year 14.62%

3Years 28.99%

5Years -0.24%

7Years -0.91%

10Years -3.92%

248 M NET INCOME

Growth Rates

1Year 424.93%

3Years 36.48%

5Years 16.27%

7Years 14.45%

10Years 8.56%

163 M OPERATING CASH FLOW

Growth Rates

1Year 16.76%

3Years 13.05%

5Years 3.53%

7Years 2.49%

10Years -3.82%

-118 M INVESTING CASH FLOW

Growth Rates

1Year 22.52%

3Years -6.13%

5Years -12.68%

7Years -10.31%

10Years -15.86%

161 K FINANCING CASH FLOW

Growth Rates

1Year 100.20%

3Years 26.03%

5Years 14.89%

7Years 10.42%

10Years 7.18%

112 M REVENUE

Growth Rates

1Year 4.77%

3Years 8.09%

5Years 0.13%

7Years 3.58%

10Years 1.39%

66.9 M OPERATING INCOME

Growth Rates

1Year 14.62%

3Years 28.99%

5Years -0.24%

7Years -0.91%

10Years -3.92%

9.47 M NET INCOME

Growth Rates

1Year 424.93%

3Years 36.48%

5Years 16.27%

7Years 14.45%

10Years 8.56%

36.6 M OPERATING CASH FLOW

Growth Rates

1Year 16.76%

3Years 13.05%

5Years 3.53%

7Years 2.49%

10Years -3.82%

-24.4 M INVESTING CASH FLOW

Growth Rates

1Year 22.52%

3Years -6.13%

5Years -12.68%

7Years -10.31%

10Years -15.86%

-23.7 M FINANCING CASH FLOW

Growth Rates

1Year 100.20%

3Years 26.03%

5Years 14.89%

7Years 10.42%

10Years 7.18%

Balance Sheet Decomposition Urban Edge Properties

3.28 B ASSETS
2.06 B LIABILITIES

Current Assets	162 M
Cash & Short-Term Investments	101 M
Receivables	75.5 M
Other Current Assets	-14.7 M
Non-Current Assets	3.02 B
Long-Term Investments	-1
PP&E	57 M
Other Non-Current Assets	2.96 B

Current Liabilities	191 M
Accounts Payable	14.2 M
Short-Term Debt	391 M
Other Current Liabilities	-215 M
Non-Current Liabilities	1.87 B
Long-Term Debt	1.57 B
Other Non-Current Liabilities	298 M

EFFICIENCY

Earnings Waterfall Urban Edge Properties

Revenue	417 M
Cost Of Revenue	255 M
Gross Profit	162 M
Operating Expenses	37.1 M
Operating Income	125 M
Other Expenses	-124 M
Net Income	248 M

RATIOS

38.82% GROSS MARGIN

Averages

1Year 38.82%

3Years 57.82%

5Years 61.24%

7Years 63.68%

10Years 65.29%

29.93% OPERATING MARGIN

Averages

1Year 29.93%

3Years 30.76%

5Years 28.50%

7Years 30.65%

10Years 32.45%

59.55% NET MARGIN

Averages

1Year 59.55%

3Years 31.77%

5Years 30.38%

7Years 27.68%

10Years 25.45%

21.58% ROE

Averages

1Year 21.58%

3Years 12.21%

5Years 11.55%

7Years 10.99%

10Years 13.10%

7.57% ROA

Averages

1Year 7.57%

3Years 4.19%

5Years 3.92%

7Years 3.68%

10Years 3.63%

4.05% ROIC

Averages

1Year 4.05%

3Years 4.46%

5Years 4.43%

7Years 4.87%

10Years 5.55%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Urban Edge Properties

Net Income	248 M
Depreciation & Amortization	101 M
Capital Expenditures	0
Stock-Based Compensation	7.81 M
Change in Working Capital	809 K
Others	-213 M
Free Cash Flow	163 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Urban Edge Properties

Wall Street analysts predict an average 1-year price target for UE of $25 , with forecasts ranging from a low of $25 to a high of $25 .

UE Lowest Price Target Wall Street Target

25 USD 8.93%

UE Average Price Target Wall Street Target

25 USD 8.93%

UE Highest Price Target Wall Street Target

25 USD 8.93%

4. DIVIDEND ANALYSIS

0.80% DIVIDEND YIELD

0.17 USD DIVIDEND PER SHARE

5. COMPETITION

Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties.

101 USD

BFS

Undervalued 156.90%

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.

13.4 USD

SITC

Overvalued 14.23%

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.

32.5 USD

KRG

Undervalued 21.81%

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast.

24.2 USD

ROIC

Undervalued 39.71%

InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics.

0.00217 USD

IVT

Overvalued 99.99%

NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide.

20.5 USD

NTST

Undervalued 32.49%

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy.

1.03 USD

AKR

Overvalued 95.80%

6. Ownership

Insider Ownership Urban Edge Properties

Summary
Transactions

Sold

0-3 MONTHS

2.21 M USD 1

3-6 MONTHS

0 USD 0

6-9 MONTHS

448 K USD 1

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
6 days ago Nov 11, 2024	Sell 2.21 M USD	Langer Mark Chief Financial Officer	- 93962	23.569 USD
8 months ago Mar 12, 2024	Sell 448 K USD	Milton Robert C. III General Counsel and Secretary	- 26333	17.0168 USD
1 year ago Feb 17, 2023	Sell 317 K USD	Milton Robert C. III General Counsel and Secretary	- 20000	15.833 USD
3 years ago Sep 14, 2021	Sell 57.3 K USD	Milton Robert C. III General Counsel and Secretary	- 3177	18.05 USD
3 years ago Mar 12, 2021	Sell 119 K USD	Milton Robert C. III General Counsel and Secretary	- 6766	17.55 USD
3 years ago Mar 08, 2021	Sell 143 K USD	Eilberg Herbert Chief Investment Officer	- 8000	17.85 USD
4 years ago Mar 19, 2020	Bought 15.9 K USD	Eilberg Herbert Chief Investment Officer	+ 2000	7.95 USD
5 years ago Feb 28, 2019	Sell 109 M USD	ROTH STEVEN Director	- 5717184	18.98 USD
9 years ago Oct 08, 2015	Bought 114 K USD	MINUTOLI ROBERT Chief Operating Officer	+ 5000	22.7316 USD
9 years ago Sep 11, 2015	Bought 19.9 K USD	Eilberg Herbert Chief Investment Officer	+ 1000	19.88 USD
9 years ago Jun 12, 2015	Bought 44.6 K USD	Zucker Michael SVP-Leasing	+ 2000	22.28 USD
9 years ago Mar 27, 2015	Bought 161 K USD	MINUTOLI ROBERT Chief Operating Officer	+ 6655	24.23 USD
9 years ago Mar 26, 2015	Bought 80 K USD	MINUTOLI ROBERT Chief Operating Officer	+ 3345	23.93 USD

7. News

Urban Edge Properties: Improving Quality But High Valuation Urban Edge has delivered over 47% total returns since November 2023, with a current forward yield of 2.89% and a P/FFO multiple of 17.63x. Looking at UE stock, I question the relative valuation compared to peers KIM, REG, and FRT. Diving a bit more, I will identify UE's advantages and vulnerabilities compared to peers. seekingalpha.com - 1 week ago

Urban Edge Properties (UE) Q3 2024 Earnings Call Transcript Urban Edge Properties (NYSE:UE ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Areeba Ahmed - Investor Relations Associate Jeffrey Olson - Chairman & Chief Executive Officer Jeffrey Mooallem - Chief Operating Officer Mark Langer - Chief Financial Officer Conference Call Participants Floris Van Dijkum - Compass Point Samir Khanal - Evercore ISI Ronald Kamdem - Morgan Stanley Paulina Rojas - Green Street Operator Ladies and gentlemen, good morning, and welcome to the Urban Edge Properties Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. seekingalpha.com - 2 weeks ago

Urban Edge Properties Reports Third Quarter 2024 Results NEW YORK--(BUSINESS WIRE)--Urban Edge Properties Reports Third Quarter 2024 Results. businesswire.com - 2 weeks ago

Why Urban Edge Properties (UE) is a Top Dividend Stock for Your Portfolio Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Urban Edge Properties (UE) have what it takes? zacks.com - 3 weeks ago

Urban Edge Properties: A Small-Cap REIT Poised To Benefit From Lower Interest Rates Urban Edge Properties, a small-cap REIT focused on shopping centers, is poised for growth due to lower interest rates and strong fundamentals. UE's solid performance includes a 13.81% stock increase, impressive occupancy rates, and a conservative payout ratio, indicating potential for future dividend growth. The REIT's well-laddered debt profile and strong development pipeline position it for long-term capital appreciation, despite some exposure to at-risk tenants. seekingalpha.com - 1 month ago

Urban Edge Properties (UE) is a Top Dividend Stock Right Now: Should You Buy? Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Urban Edge Properties (UE) have what it takes? zacks.com - 1 month ago

Urban Edge Properties Invites You to Join Its Third Quarter 2024 Earnings Conference Call NEW YORK--(BUSINESS WIRE)--Urban Edge Properties Invites You to Join Its Third Quarter 2024 Earnings Conference Call. businesswire.com - 1 month ago

Shopping Center REITs Are Hot: Pick A Winner The current environment is favorable for REITs, with normalized prices, falling Treasury yields, and expected prime rate cuts. Shopping Center REITs offer above-average yields (3.88%) and superior growth prospects, driven by record-high occupancy rates and strong rental rate spreads. This article examines liquidity, FFO growth, TCFO growth, dividend growth, market cap, share price growth, and volatility to identify the best Shopping Center REITs for the next 2 years. seekingalpha.com - 2 months ago

Urban Edge Properties (UE) Q2 2024 Earnings Call Transcript Urban Edge Properties (NYSE:UE ) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Areeba Ahmed - IR Associate Jeffrey Olson - Chairman & CEO Jeffrey Mooallem - COO Mark Langer - CFO Conference Call Participants Steve Sakwa - Evercore ISI Samir Khanal - Evercore ISI Floris van Dijkum - Compass Point Ronald Kamdem - Morgan Stanley Operator Greetings and welcome to the Urban Edge Properties Second Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode. seekingalpha.com - 3 months ago

Urban Edge Properties (UE) Q2 FFO Match Estimates Urban Edge Properties (UE) came out with quarterly funds from operations (FFO) of $0.32 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.30 per share a year ago. zacks.com - 3 months ago

7 Overlooked Dividend Stocks to Buy for Income at a Bargain While targeting public enterprises for passive income represents a sound strategy, the sector can get overcrowded. By focusing on less-appreciated ideas, investors may be able to snag better deals. investorplace.com - 4 months ago

Urban Edge Properties: An Undercovered REIT Gem That Should Be On Your Radar Urban Edge Properties is a shopping center REIT focused on the corridor between Washington D.C. and Boston, with strong growth potential. The REIT achieved impressive growth through acquisitions at attractive spreads, leading to solid FFO and AFFO growth ahead. Urban Edge Properties has strong tenants, a growth pipeline, and a solid balance sheet with ample liquidity, despite higher net debt to EBITDA compared to peers. seekingalpha.com - 4 months ago

8. Profile Summary

Urban Edge Properties UE

COUNTRY US

INDUSTRY REIT - Diversified

MARKET CAP $ 2.87 B

Dividend Yield 0.80%

Description Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 78 properties totaling 15.1 million square feet of gross leasable area.

Contact 888 Seventh Avenue, New York, NY, 10019 https://www.uedge.com

IPO Date Jan. 16, 2015

Employees 109

Officers Ms. Judith Knop Senior Vice President of Development & Construction Mr. Etan Bluman Senior Vice President of Investments Mr. Jeffrey S. Mooallem Executive Vice President & Chief Operating Officer Mr. Robert C. Milton III Executive Vice President, General Counsel & Secretary Mr. Jeffrey S. Olson Chairman & Chief Executive Officer Mr. Mark J. Langer CPA Executive Vice President & Chief Financial Officer Ms. Andrea R. Drazin Chief Accounting Officer Ms. Cecilia Li Senior Vice President & Chief Information Officer Mr. Scott Auster Executive Vice President & Head of Leasing Mr. Paul Schiffer Senior Vice President of Leasing

Price Chart UE

Urban Edge Properties UE

Premium Plan

Unlimited Plan