Urban Edge Properties (NYSE:UE) Declares $0.21 Quarterly Dividend

Key Points

• Urban Edge Properties declared a quarterly dividend of $0.21 per share, payable September 30 to shareholders of record on September 15. The dividend implies an annualized payout of $0.84 per share and a 3.9% yield.
• The REIT’s current payout ratio is high at 171.4%, meaning earnings do not fully cover the dividend; however, analysts expect next year’s earnings to reduce the projected payout ratio to 54.2%.
• Urban Edge reported quarterly EPS of $0.14, beating estimates of $0.11, while revenue of $122.78 million exceeded expectations. Shares recently traded at $21.48, down 0.3%.

Urban Edge Properties (NYSE:UE - Get Free Report) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.21 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 15th.

Urban Edge Properties has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Urban Edge Properties has a dividend payout ratio of 171.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Urban Edge Properties to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 54.2%.

Urban Edge Properties Trading Down 0.3%

UE traded down $0.06 during midday trading on Friday, reaching $21.48. 305,587 shares of the company's stock traded hands, compared to its average volume of 932,561. Urban Edge Properties has a 52 week low of $18.46 and a 52 week high of $24.11. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a fifty day moving average of $22.88 and a two-hundred day moving average of $21.58. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 24.97 and a beta of 0.98.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $122.78 million during the quarter, compared to analysts' expectations of $117.86 million. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, equities analysts anticipate that Urban Edge Properties will post 1.49 earnings per share for the current fiscal year.

Urban Edge Properties Company Profile

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company's portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.

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