Urban Edge Properties’ third quarter FFO meets expectations

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Urban Edge Properties ($NYSE:UE) is a publicly traded real estate investment trust based in the United States. The company focuses on owning, operating, and developing properties in urban areas. Urban Edge Properties’ third quarter FFO matched estimates.

The company’s third quarter results were helped by strong same-store NOI growth. The company’s results were helped by strong same-store NOI growth, which bodes well for the future.

Market Price

The company’s stock price rose in response, opening at $14.1 and closing at $14.4, up by 4.4% from its previous closing price of $13.8. The company’s portfolio is primarily made up of retail properties, but also includes office, industrial, and residential properties. The company has been working to reposition its portfolio in recent years in order to focus on higher-growth urban markets. This strategy appears to be paying off, as evidenced by the company’s strong FFO results. investors will be closely watching to see if the company can continue to deliver strong results in the quarters ahead.

VI Analysis

The company’s portfolio includes office, retail, and residential properties. The company’s fundamentals reflect its long term potential. The company has a strong balance sheet with low debt levels and plenty of liquidity. Additionally, the company’s earnings have been growing steadily over the past few years. Based on VI Risk Rating, Urban Edge Properties is a low risk investment in terms of financial and business aspects.

However, the VI App has detected 1 risk warning in the company’s balance sheet. Register with us to check it out.

VI Peers

Urban Edge Properties is a publicly traded real estate investment trust that owns, operates, and develops retail real estate in the United States. The company’s portfolio of properties is located primarily in New York City, Boston, and Washington, D.C.

Urban Edge Properties’ competitors include Saul Centers Inc, Lippo Malls Indonesia Retail Trust, and One Liberty Properties Inc.

– Saul Centers Inc ($NYSE:BFS)

Saul Centers Inc is a real estate investment trust that owns, operates, and redevelops community shopping centers in the United States. The company’s market cap is $891.71 million as of 2022. Saul Centers was founded in 1968 and is headquartered in Bethesda, Maryland. The company’s portfolio includes 69 shopping centers and 27 office buildings.

– Lippo Malls Indonesia Retail Trust ($SGX:D5IU)

Lippo Malls Indonesia Retail Trust (LMIRT) is a real estate investment trust that focuses on investing in retail properties in Indonesia. LMIRT’s portfolio comprises of 19 shopping malls and 3 office buildings with a total net lettable area of approximately 1.4 million square meters. The trust is managed by Lippo Malls Indonesia Management Limited, a wholly-owned subsidiary of PT Lippo Malls Indonesia.

As of December 31, 2020, LMIRT had a total market capitalization of approximately S$230.9 million. The trust’s portfolio is diversified across various Indonesian cities, including Jakarta, Surabaya, and Bali. LMIRT’s properties are well-positioned in prime locations with strong catchment areas. The trust’s strategy is to generate stable and sustainable distributions to unitholders by focusing on operational excellence and active asset management.

– One Liberty Properties Inc ($NYSE:OLP)

One Liberty Properties, Inc. is a publicly traded real estate investment trust that owns, manages, acquires, finances and redevelops a geographically diversified portfolio of industrial, retail, restaurant, office, theater and other properties.

Summary

Investors may be interested in Urban Edge Properties as a play on the continued strength of the U.S. real estate market. The company owns and operates a portfolio of properties in key urban markets, including New York City, Washington, D.C., Boston, and San Francisco. The company’s stock price moved up slightly on the news. Investors may be attracted to Urban Edge Properties for its exposure to key urban markets and its strong third quarter results.