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Urban Edge Properties (DE:3UE)
MUNICH:3UE
RESEARCH TOOLSreports
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.09Last Year’s EPS
1.83Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -5.66%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and growth driven by strategic acquisitions and leasing successes. Despite challenges such as market competition and tenant risks, the company's positive growth trajectory and increased guidance indicate a robust outlook.Company Guidance
During the Urban Edge Properties Third Quarter 2024 Earnings Call, guidance emphasized a robust financial performance with several key metrics. The company reported a 9% increase in Funds from Operations (FFO) per share year-over-year, driven by a 5.1% rise in same-property net operating income (NOI) and strategic capital recycling. They acquired $552 million in shopping centers at a 7% cap rate, funded largely by $425 million from dispositions at a 5% cap rate. Notably, leasing activity was strong, with a 15% cash spread on new leases, and shop occupancy rose by 500 basis points year-over-year to 90.4%. The company updated its 2024 FFO guidance to $1.32 to $1.35 per share, reflecting a 7% growth expectation for the year. Furthermore, Urban Edge remains confident in reaching the high end of its 2025 FFO target of $1.31 to $1.39 per share, driven by continued leasing, redevelopment, and acquisition strategies.Strong FFO Growth
Urban Edge Properties reported a 9% FFO per share growth compared to the third quarter of the previous year and a 7% growth year-to-date.
Successful Capital Recycling
Acquired $552 million of high-quality shopping centers at a 7% cap rate, mostly funded through $425 million of dispositions of non-core and single-tenant assets at a 5% cap rate.
Increase in Leasing Activity
Executed 23 new leases at a same-space cash spread of 15%. Shop occupancy increased by 500 basis points compared to the third quarter of 2023.
Raised FFO Guidance
Increased 2024 FFO as adjusted guidance to $1.32 to $1.35 per share, reflecting 7% expected FFO growth for the year.
High Same-Property Leased Occupancy
Same-property leased occupancy increased to 96.3%, up 200 basis points compared to the prior year.
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DE:3UE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:3UE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | €20.25 | €20.44 | +0.98% |
| Jul 31, 2024 | €17.72 | €18.61 | +5.00% |
| May 07, 2024 | €15.60 | €15.60 | 0.00% |
| Feb 14, 2024 | €15.44 | €15.44 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Urban Edge Properties (DE:3UE) report earnings?
Urban Edge Properties (DE:3UE) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Urban Edge Properties (DE:3UE) earnings time?
Urban Edge Properties (DE:3UE) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Urban Edge Properties stock?
The P/E ratio of Urban Edge Properties is N/A.
What is DE:3UE EPS forecast?
DE:3UE EPS forecast for the fiscal quarter 2024 (Q4) is 0.09.
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