A Business at a Glance
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Urban Edge Properties
UE
$2.9B
Mkt Cap
$23.35
+1.97%
Urban Edge Properties (UE) has a current P/E ratio of 31.6, compared to its historical median P/E of 19.3. The stock is currently considered Expensive based on its historical valuation range.
Urban Edge Properties (UE) has a 5-year average return on invested capital (ROIC) of 8.9%. This is below average and may indicate limited pricing power.
Urban Edge Properties (UE) has a market capitalization of $2.9B. It is classified as a mid-cap stock.
Yes, Urban Edge Properties (UE) pays a dividend with a trailing twelve-month yield of 3.34%.
Based on historical P/E analysis, Urban Edge Properties (UE) appears expensive. The current P/E of 31.6 is 64% above its historical median of 19.3. The estimated fair value CAGR (P/E method) is -0.1%.
Urban Edge Properties (UE) operates in the Real Estate industry, within the Real Estate sector.
Urban Edge Properties (UE) reported annual revenue of $472 million in its most recent fiscal year, based on SEC EDGAR filings.
The Company Urban Edge Properties (“UE”, “Urban Edge” or the “Company”) (NYSE: UE) is a Maryland REIT that owns, manages, acquires, develops, and redevelops retail real estate, primarily in the Washington, D.C. to Boston corridor. Urban Edge Properties LP (“UELP” or the “Operating Partnership”) is a Delaware limited partnership formed to serve as UE’s majority-owned partnership subsidiary and to own, through affiliates, all of our real estate and other assets. Our portfolio is currently comprised of 69 shopping centers, two outlet centers and two malls totaling approximately 17.2 million square feet (“sf”) of gross leasable area with a consolidated occupancy rate of 90.1%. For additional information on recent business developments, see Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations in this Annual Report on Form 10-K. Company Strategies We are a leading owner and operator of retail real estate focused on the Washington, D.C.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 486M | 472M | 445M | 417M | 398M | 425M |
| Net Income | 108M | 93M | 72M | 248M | 46M | 103M |
| EPS | $0.86 | $0.74 | $0.60 | $2.11 | $0.39 | $0.88 |
| Free Cash Flow | 159M | 82M | 43M | 47M | 24M | 40M |
| ROIC | 0.0% | 10.9% | 8.9% | 14.4% | 3.8% | 6.6% |
| Gross Margin | - | 45.2% | 43.3% | 47.6% | 51.9% | 56.9% |
| Debt/Equity | 1.21 | 0.09 | 0.19 | 0.51 | 1.64 | 1.61 |
| Dividends/Share | $0.78 | $0.76 | $0.68 | $0.64 | $0.64 | $1.06 |
| Operating Income | 0 | 169M | 152M | 337M | 105M | 159M |
| Operating Margin | 0.0% | 35.9% | 34.2% | 80.8% | 26.3% | 37.3% |
| ROE | 7.8% | 6.8% | 5.6% | 22.1% | 4.4% | 10.0% |
| Shares Outstanding | 126M | 126M | 121M | 118M | 118M | 117M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 316M | 323M | 326M | 407M | 414M | 388M | 330M | 425M | 398M | 417M | 445M | 472M | 486M |
| Gross Margin | N/A | N/A | 53.8% | 38.5% | 52.8% | 53.1% | 51.3% | 56.9% | 51.9% | 47.6% | 43.3% | 45.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 18M | 32M | 29M | 31M | 35M | 38M | 49M | 39M | 43M | 37M | 37M | 40M | 40M |
| EBIT | 122M | 98M | 133M | 162M | 122M | 175M | 123M | 159M | 105M | 337M | 152M | 169M | 0 |
| Op. Margin | 38.8% | 30.4% | 40.8% | 39.7% | 29.4% | 45.0% | 37.2% | 37.3% | 26.3% | 80.8% | 34.2% | 35.9% | 0.0% |
| Net Income | 66M | 39M | 91M | 67M | 105M | 109M | 94M | 103M | 46M | 248M | 72M | 93M | 108M |
| Net Margin | 20.8% | 12.0% | 27.8% | 16.4% | 25.3% | 28.2% | 28.3% | 24.1% | 11.6% | 59.6% | 16.3% | 19.8% | 22.2% |
| Non-Recurring | 0 | 0 | 0 | 5.6M | 5.6M | 13M | 3.1M | 468K | 0 | 34M | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 10.9% | 6.7% | 9.2% | 10.5% | 6.5% | 8.1% | 5.7% | 6.6% | 3.8% | 14.4% | 8.9% | 10.9% | 0.0% |
| ROE | 21.9% | 15.4% | 24.5% | 9.0% | 10.5% | 10.8% | 9.3% | 10.0% | 4.4% | 22.1% | 5.6% | 6.8% | 7.8% |
| ROA | 7.6% | 2.1% | 4.7% | 2.8% | 3.7% | 3.9% | 3.2% | 3.5% | 1.5% | 7.9% | 2.2% | 2.8% | 3.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 106M | 138M | 137M | 158M | 137M | 156M | 113M | 135M | 140M | 163M | 153M | 183M | 189M |
| Free Cash Flow | 100M | 108M | 125M | -53M | 18M | 65M | 84M | 40M | 24M | 47M | 43M | 82M | 159M |
| Owner Earnings | 47M | 70M | 75M | 68M | 24M | 46M | -1.9M | 30M | 28M | 45M | -8.2M | 31M | 43M |
| CapEx | 6.1M | 30M | 12M | 211M | 119M | 91M | 29M | 95M | 116M | 116M | 111M | 101M | 31M |
| Maint. CapEx | 55M | 58M | 57M | 83M | 103M | 97M | 98M | 94M | 101M | 110M | 151M | 139M | 133M |
| Growth CapEx | 0 | 0 | 0 | 129M | 16M | 0 | 0 | 1.2M | 15M | 5.9M | 0 | 0 | 0 |
| D&A | 55M | 58M | 57M | 83M | 103M | 97M | 98M | 94M | 101M | 110M | 151M | 139M | 133M |
| CapEx/OCF | N/A | 6.3% | 9.1% | 9.3% | 18.7% | 3.2% | 5.1% | 13.8% | 24.8% | 13.3% | 10.5% | 13.0% | 16.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 79M | 81M | 95M | 100M | 106M | 27M | 124M | 75M | 75M | 83M | 96M | 98M |
| Dividend Yield | N/A | 5.3% | 4.5% | 4.8% | 5.6% | 6.1% | 2.3% | 7.1% | 4.4% | 4.5% | 3.8% | 4.0% | 3.3% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 54M | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 4.2% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 3.9M | 10M | 5.4M | 7.1M | 9.7M | 14M | 17M | 11M | 10M | 7.8M | 10M | 12M | 13M |
| Debt Repayment | 42M | 45M | 38M | 130M | 4.3M | 5.6M | 89M | 18M | 98M | 694M | 387M | 214M | 214M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.3B | 1.1B | 1.1B | 538M | 1.1B | 1.1B | 1.2B | 1.5B | 1.6B | 522M | 220M | 75M | 1.6B |
| Cash & Equiv. | 2.6M | 169M | 132M | 490M | 440M | 433M | 385M | 164M | 86M | 101M | 41M | 49M | 50M |
| Long-Term Debt | 1.3B | 1.2B | 1.2B | 1.6B | 1.6B | 1.5B | 1.6B | 1.7B | 1.7B | 470M | 211M | 124M | 63M |
| Debt/Equity | 4.94 | 5.04 | 2.41 | 1.58 | 1.54 | 1.52 | 1.59 | 1.61 | 1.64 | 0.51 | 0.19 | 0.09 | 1.21 |
| Interest Coverage | 2.3 | 1.9 | 2.7 | 3.0 | 2.0 | 2.7 | 1.8 | 2.9 | 1.9 | 4.8 | 2.0 | 2.3 | 2.3 |
| Equity | 259M | 245M | 496M | 991M | 1.0B | 1.0B | 996M | 1.0B | 1.0B | 1.2B | 1.4B | 1.4B | 1.4B |
| Total Assets | 1.7B | 1.9B | 1.9B | 2.8B | 2.8B | 2.8B | 2.9B | 3.0B | 3.0B | 3.3B | 3.3B | 3.3B | 3.4B |
| Total Liabilities | 1.5B | 1.4B | 1.4B | 1.8B | 1.8B | 1.8B | 1.9B | 1.9B | 1.9B | 2.1B | 1.9B | 1.9B | 2.0B |
| Intangibles | 35M | 34M | 31M | 87M | 68M | 48M | 56M | 71M | 63M | 114M | 110M | 88M | 91M |
| Retained Earnings | 0 | -38M | -29M | -58M | -53M | -53M | -39M | -7.1M | -36M | 137M | 127M | 125M | 121M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | 99M | N/A | 133M | N/A | 103M | 103M | N/A | 97M | 84M |
| Per Share Data | |||||||||||||
| EPS | 0.66 | 0.39 | 0.91 | 0.61 | 0.92 | 0.91 | 0.79 | 0.88 | 0.39 | 2.11 | 0.60 | 0.74 | 0.86 |
| Owner EPS | 0.47 | 0.70 | 0.75 | 0.62 | 0.21 | 0.38 | -0.02 | 0.26 | 0.24 | 0.39 | -0.07 | 0.25 | 0.34 |
| Book Value | 2.60 | 2.47 | 4.98 | 9.03 | 8.82 | 8.44 | 8.41 | 8.98 | 8.71 | 10.38 | 11.27 | 10.90 | 10.97 |
| Cash Flow/Share | 1.06 | 1.39 | 1.38 | 1.44 | 1.20 | 1.30 | 0.95 | 1.16 | 1.18 | 1.39 | 1.27 | 1.45 | 1.91 |
| Dividends/Share | 0.00 | 0.80 | 0.82 | 0.88 | 0.88 | 0.88 | 0.23 | 1.06 | 0.64 | 0.64 | 0.68 | 0.76 | 0.78 |
| Shares Out. | 99.7M | 99.4M | 99.7M | 109.7M | 114.1M | 120.3M | 118.4M | 116.6M | 118.3M | 117.7M | 120.8M | 126.3M | 125.9M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 40.4 | 20.3 | 30.1 | 13.6 | 16.5 | 13.7 | 18.2 | 31.8 | 8.2 | 34.2 | 26.1 | 27.2 |
| P/FCF | N/A | 14.5 | 14.8 | N/A | 78.0 | 27.7 | 15.2 | 47.0 | 62.2 | 43.1 | 58.3 | 29.9 | 18.5 |
| EV/EBIT | N/A | 25.1 | 20.9 | 16.1 | 12.1 | 22.4 | 23.4 | 31.1 | 95.4 | 11.1 | 41.2 | 40.9 | N/A |
| Price/Book | N/A | 3.3 | 3.7 | 2.0 | 1.4 | 1.8 | 1.3 | 1.8 | 1.4 | 1.7 | 1.8 | 1.8 | 2.1 |
| Price/Sales | N/A | 4.6 | 5.6 | 4.9 | 4.4 | 4.5 | 3.5 | 4.1 | 4.3 | 4.0 | 4.9 | 5.1 | 6.0 |
| FCF Yield | N/A | 6.9% | 6.8% | -2.7% | 1.3% | 3.6% | 6.6% | 2.1% | 1.6% | 2.3% | 1.7% | 3.3% | 5.4% |
| Market Cap | N/A | 1.6B | 1.8B | 2.0B | 1.4B | 1.8B | 1.3B | 1.9B | 1.5B | 2.0B | 2.5B | 2.4B | 2.9B |
| Avg. Price | N/A | 15.01 | 18.17 | 18.03 | 15.78 | 14.45 | 9.80 | 14.98 | 14.44 | 14.12 | 18.14 | 18.99 | 23.35 |
| Year-End Price | N/A | 15.77 | 18.49 | 18.36 | 12.49 | 14.99 | 10.80 | 16.06 | 12.39 | 17.32 | 20.55 | 19.35 | 23.35 |
Urban Edge Properties passes 3 of 9 quality checks, indicating weak fundamentals.
Urban Edge Properties trades at 31.6x trailing earnings, compared to its 15-year median P/E of 19.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 18.5x vs a median of 43.1x. The company's 5-year average ROIC is 8.9% with a gross margin of 49.0%. Total shareholder yield (dividends) is 3.3%. At current prices, the estimated annualized return to fair value is +1.4%.
Urban Edge Properties (UE) has a net profit margin of 19.8%. This is a healthy margin.
Urban Edge Properties (UE) generated $82 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Urban Edge Properties (UE) has a debt-to-equity ratio of 0.09. This indicates a conservatively financed balance sheet.
Urban Edge Properties (UE) reported earnings per share (EPS) of $0.74 in its most recent fiscal year.
Urban Edge Properties (UE) has a return on equity (ROE) of 6.8%. This indicates moderate shareholder returns.
Urban Edge Properties (UE) has a 5-year average gross margin of 49.0%. This indicates decent pricing power.
The Ledger Terminal provides 13 years of financial data for Urban Edge Properties (UE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Urban Edge Properties (UE) has a book value per share of $10.90, based on its most recent annual SEC filing.