Urban Edge Properties Soars Above Previous Records, Leased Occupancy Increases to 95.3%
January 16, 2023
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Urban Edge Properties ($NYSE:UE) is a publicly traded real estate investment trust (REIT) that owns and manages a portfolio of shopping centers located in the United States. They are known for providing quality services to their tenants and delivering strong returns to their shareholders. In 2022, Urban Edge Properties saw a major milestone, surpassing their previous record of 683,000 square feet of leased space by signing over one million square feet of new leases. This was achieved through 69 leases and was a testament to the company’s excellent management and customer service. Furthermore, the same-property leased occupancy increased to 95.3%, a jump from the 93.2% in the prior year. This impressive feat further highlights the success of Urban Edge Properties and their ability to attract and retain tenants. Urban Edge Properties also made significant investments in their properties in order to provide a better customer experience. They renovated many of their locations and added new amenities such as restaurants, cafes, and entertainment venues.
Additionally, they have implemented digital strategies such as online leasing and online tenant services to make it easier for tenants to interact with them. Urban Edge Properties has been able to capitalize on the growth in the retail sector, as well as their own initiatives, to reach new heights of success. With a strong focus on customer experience and tenant satisfaction, they have been able to maintain their high occupancy rate and deliver strong returns to their shareholders. This record-breaking performance is sure to continue as they look to further expand their portfolio and continue to provide quality services to their customers.
Stock Price
Urban Edge Properties made headlines on Tuesday after its stock opened at $14.3 and closed at $14.2, down by 1.7% from last closing price of 14.4. Despite the slight dip in stock prices, the company has seen huge successes, as its leased occupancy rate has increased to 95.3%. This is a major milestone for Urban Edge Properties, as the success demonstrates that their business model is working and that they are providing a desirable product to their customers. Their commitment to customer satisfaction and providing high-quality services has paid off, as evidenced by the increase in occupancy rates. As the company continues to grow, it is likely that their lease occupancy rate will rise further, furthering the success of their business.
Urban Edge Properties has made a name for itself in the real estate industry, and their impressive leasing figures are evidence of this. With their strong focus on providing a quality service and product, it’s no wonder that their occupancy rate has reached such heights. This success is sure to continue into the future, and Urban Edge Properties looks set to remain one of the most successful real estate companies in the industry for many years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for UE. More…
| Total Revenues | Net Income | Net Margin |
| 424.92 | 74.91 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for UE. More…
| Operations | Investing | Financing |
| 140.81 | -355.51 | 44.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for UE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.96k | 1.93k | 8.32 |
Key Ratios Snapshot
Some of the financial key ratios for UE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 31.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis
Investors looking for companies with a long-term potential and a track record of consistent and sustainable dividends should consider URBAN EDGE PROPERTIES. The company has been classified as a “cow” by the VI Star Chart, which assesses a company’s fundamentals and provides an overall health score. URBAN EDGE PROPERTIES scored 5/10 on the chart, indicating it has an intermediate level of health in terms of cashflows and debt, and is likely to safely ride out any crisis without the risk of bankruptcy. The company is strong in asset management and medium in dividend, growth, and profitability. It has a good reputation for paying out reliable dividends, making it an attractive option for dividend investors. It also has the potential for capital appreciation due to its growth prospects. Investors looking for a long-term balance between income and capital gains could benefit from URBAN EDGE PROPERTIES’ combination of dividend income and capital appreciation. The company is also well suited to long-term investors looking for a stable income, as it provides reliable and consistent dividends over time. Its strong asset management also makes it attractive to investors who are looking for capital preservation. Overall, URBAN EDGE PROPERTIES is an attractive option for dividend investors seeking reliable income and potential capital appreciation. Its intermediate health score makes it a safe bet for those who are looking for a stable investment in the long term. Its combination of dividend income and capital appreciation also makes it an attractive option for those seeking a balanced approach to investing. More…
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
Urban Edge Properties has seen an increase in leased occupancy to 95.3%, a record-breaking number. This is a positive sign for investors, as it indicates a strong demand for the company’s properties. Urban Edge’s stock price is likely to rise as a result of this increase in occupancy, as investors will be more confident in the company’s ability to generate profits and maintain a high level of occupancy.
The company has also seen an increase in net operating income, which further strengthens its financial position. Investors should keep an eye on Urban Edge Properties, as it is a promising investment opportunity with strong potential for continued success in the future.
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