Urban Edge Properties (UE) Financials

$21.57 +0.17 (+0.80%)

As of 03:49 PM Eastern

Annual Income Statements for Urban Edge Properties

This table shows Urban Edge Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	39	91	67	105	110	94	103	46	248	73	94
Consolidated Net Income / (Loss)	41	97	73	117	116	98	108	47	260	75	98
Net Income / (Loss) Continuing Operations	41	97	73	117	116	98	108	47	260	75	98
Total Pre-Tax Income	43	97	73	120	117	59	109	50	278	78	100
Total Operating Income	98	133	162	122	104	52	148	108	91	97	126
Total Gross Profit	272	281	353	336	324	274	357	324	348	366	386
Total Revenue	323	326	407	414	388	330	425	398	417	445	472
Total Cost of Revenue	51	45	54	78	64	56	69	74	69	79	86
Operating Cost of Revenue	51	45	54	78	64	56	69	74	69	79	86
Total Operating Expenses	174	148	191	214	220	221	208	216	258	270	259
Selling, General & Admin Expense	32	29	31	35	38	49	39	43	37	37	41
Depreciation Expense	57	56	82	99	94	96	92	98	109	150	139
Other Operating Expenses / (Income)	85	63	71	75	75	74	77	74	78	82	80
Impairment Charge	-	0.00	7.38	4.43	13	3.06	-	-	34	0.00	0.00
Total Other Income / (Expense), net	-55	-36	-89	-1.38	14	6.27	-39	-58	187	-19	-26
Interest Expense	56	52	92	62	67	36	58	59	34	60	79
Interest & Investment Income	0.15	0.68	2.25	8.34	9.77	2.60	0.36	1.11	3.04	2.67	2.77
Other Income / (Expense), net	0.00	16	0.20	53	70	40	19	0.35	218	39	50
Income Tax Expense	1.29	0.80	-0.28	3.52	1.29	-39	1.14	2.90	18	2.39	2.60
Net Income / (Loss) Attributable to Noncontrolling Interest	0.02	0.00	0.04	0.05	-0.03	0.00	0.83	-0.73	-0.52	-1.10	-1.02
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	2.55	5.81	5.82	12	6.70	4.16	4.30	1.90	12	3.98	4.99
Basic Earnings per Share	$0.39	$0.91	$0.62	$0.92	$0.91	$0.79	$0.88	$0.39	$2.11	$0.60	$0.74
Weighted Average Basic Shares Outstanding	99.25M	99.36M	107.13M	113.86M	119.75M	117.72M	117.03M	117.37M	117.51M	121.32M	125.69M
Diluted Earnings per Share	$0.39	$0.91	$0.61	$0.92	$0.91	$0.79	$0.88	$0.39	$2.11	$0.60	$0.74
Weighted Average Diluted Shares Outstanding	99.28M	99.79M	118.39M	114.05M	119.90M	117.90M	121.45M	121.64M	117.60M	121.43M	125.91M
Weighted Average Basic & Diluted Shares Outstanding	99.29M	99.75M	113.82M	114.33M	121.39M	117.02M	117.40M	117.49M	117.73M	125.46M	125.96M
Cash Dividends to Common per Share	$0.80	$0.82	$0.88	$0.88	$0.88	$0.68	$0.60	$0.64	$0.64	$0.68	$0.76

This table shows Urban Edge Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	36	221	2.60	31	9.08	30	8.20	58	15	12	23
Consolidated Net Income / (Loss)	38	232	2.45	32	9.47	32	8.38	61	16	13	24
Net Income / (Loss) Continuing Operations	38	232	2.45	32	9.47	32	8.38	62	17	8.44	24
Total Pre-Tax Income	55	232	3.11	33	9.99	32	9.00	61	16	14	24
Total Operating Income	30	37	21	19	29	28	28	32	36	29	42
Total Gross Profit	85	98	89	88	94	95	94	97	102	91	104
Total Revenue	102	117	110	107	112	116	118	114	120	120	133
Operating Revenue	-	-	110	107	112	-	118	114	120	-	133
Total Cost of Revenue	17	19	21	18	18	22	24	18	18	28	29
Operating Cost of Revenue	17	19	21	18	18	22	24	18	18	28	29
Total Operating Expenses	55	61	68	70	65	67	66	64	66	63	61
Selling, General & Admin Expense	8.94	9.17	9.05	9.37	9.42	9.65	9.53	12	8.98	10	9.14
Depreciation Expense	27	31	39	40	35	37	37	33	37	33	32
Other Operating Expenses / (Income)	19	20	20	21	21	20	20	20	20	20	20
Total Other Income / (Expense), net	25	195	-18	14	-19	4.52	-19	30	-18	-20	-19
Interest Expense	-24	24	21	0.20	20	20	19	20	19	20	19
Interest & Investment Income	0.57	1.40	0.69	0.66	0.68	0.64	0.61	0.67	0.82	0.67	0.39
Income Tax Expense	17	-0.01	0.67	0.54	0.52	0.66	0.62	0.64	0.60	0.74	0.38
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.13	-0.00	-0.28	-0.47	-0.16	-0.19	-0.25	-0.24	-0.23	-0.30	-0.28
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	1.56	11	0.12	1.74	0.55	1.57	0.43	3.06	0.84	0.67	1.18
Basic Earnings per Share	$0.31	$1.87	$0.02	$0.26	$0.07	$0.25	$0.07	$0.46	$0.12	$0.09	$0.18
Weighted Average Basic Shares Outstanding	117.54M	117.51M	118.07M	118.86M	123.36M	121.32M	125.51M	125.69M	125.73M	125.69M	125.88M
Diluted Earnings per Share	$0.31	$1.87	$0.02	$0.26	$0.07	$0.25	$0.07	$0.46	$0.12	$0.09	$0.18
Weighted Average Diluted Shares Outstanding	122.21M	117.60M	122.81M	118.97M	123.47M	121.43M	125.60M	125.77M	125.80M	125.91M	131.11M
Weighted Average Basic & Diluted Shares Outstanding	117.64M	117.73M	118.82M	121.33M	124.87M	125.46M	125.75M	125.79M	125.85M	125.96M	126.02M

This table details how cash moves in and out of Urban Edge Properties' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	165	-38	361	-43	28	-66	-199	-91	45	-84	-12
Net Cash From Operating Activities	138	137	158	137	156	113	135	140	163	153	183
Net Cash From Continuing Operating Activities	138	137	158	137	156	113	135	140	163	153	182
Net Income / (Loss) Continuing Operations	41	97	73	117	116	98	108	47	260	75	98
Consolidated Net Income / (Loss)	41	97	73	117	116	98	108	47	260	75	98
Depreciation Expense	58	57	83	103	97	98	94	101	110	151	139
Amortization Expense	-5.17	-4.95	-6.63	-34	-16	-11	-55	-6.66	-8.67	-6.11	-9.37
Non-Cash Adjustments To Reconcile Net Income	30	-8.74	12	-36	-35	-43	-1.44	8.52	-214	-45	-34
Changes in Operating Assets and Liabilities, net	14	-2.87	-3.42	-12	-5.53	-29	-10	-10	16	-23	-12
Net Cash From Investing Activities	-66	-59	-296	-65	-2.52	-98	-311	-152	-118	-235	-76
Net Cash From Continuing Investing Activities	-66	-59	-296	-65	-2.52	-98	-311	-152	-118	-235	-76
Purchase of Property, Plant & Equipment	-66	-79	-211	-119	-91	-29	-348	-116	-116	-111	-101
Acquisitions	-	-	-	-4.93	-47	-124	-	-36	-315	-184	-39
Other Investing Activities, net	-	20	-84	58	123	54	2.37	0.35	313	60	64
Net Cash From Financing Activities	94	-116	498	-116	-126	-80	-24	-79	0.16	-2.09	-119
Net Cash From Continuing Financing Activities	94	-116	498	-116	-126	-80	-24	-79	0.16	-2.09	-119
Repayment of Debt	-50	-38	-144	-4.29	-8.24	-93	-18	-106	-702	-391	-217
Repurchase of Common Equity	-4.92	-5.07	-9.47	-11	-5.69	-55	-4.94	-3.11	-3.24	-4.40	-5.33
Payment of Dividends	-79	-81	-95	-100	-106	-27	-124	-75	-75	-83	-96
Issuance of Debt	0.00	0.00	936	0.00	0.00	90	117	103	779	336	199
Issuance of Common Equity	0.00	8.95	348	0.48	0.44	5.85	6.61	2.07	2.37	141	0.30
Other Financing Activities, net	228	-0.04	-537	-0.39	-6.61	-1.47	-0.21	-0.41	-0.12	-0.20	-0.27
Cash Interest Paid	53	51	55	66	65	68	59	56	69	81	73
Cash Income Taxes Paid	1.91	1.28	1.24	0.76	1.60	0.50	4.66	0.91	0.05	9.86	0.87

This table details how cash moves in and out of Urban Edge Properties' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-16	96	-79	6.16	-12	1.00	7.45	20	27	-66	-32
Net Cash From Operating Activities	34	60	23	41	37	52	33	43	56	51	39
Net Cash From Continuing Operating Activities	34	60	23	41	37	52	31	43	56	51	39
Net Income / (Loss) Continuing Operations	38	232	2.45	32	9.47	32	8.38	61	16	13	24
Consolidated Net Income / (Loss)	38	232	2.45	32	9.47	32	8.38	61	16	13	24
Depreciation Expense	28	33	39	41	36	39	37	34	38	28	32
Amortization Expense	-1.70	-6.42	-1.49	-0.65	-2.78	-4.74	-1.36	-2.46	-7.13	2.80	-1.01
Non-Cash Adjustments To Reconcile Net Income	-40	-214	1.50	-31	3.67	-19	3.13	-44	3.42	4.34	7.97
Changes in Operating Assets and Liabilities, net	11	16	-19	0.56	-9.71	5.63	-16	-4.61	5.58	2.31	-24
Net Cash From Investing Activities	-30	-31	-44	-78	-24	-88	-21	41	-31	-64	-95
Net Cash From Continuing Investing Activities	-30	-31	-44	-78	-24	-88	-21	41	-31	-64	-95
Purchase of Property, Plant & Equipment	-30	-344	-53	-105	-24	-114	-21	-24	-31	-25	-41
Acquisitions	-	-	-	-	-	-	0.00	-	-	-	-54
Net Cash From Financing Activities	-20	67	-58	43	-24	37	-4.40	-64	1.86	-52	53
Net Cash From Continuing Financing Activities	-20	67	-58	43	-24	37	-4.40	-64	1.86	-52	24
Repayment of Debt	-82	-267	-103	-67	-155	-66	-3.41	-89	-97	-27	-12
Repurchase of Common Equity	-0.81	-0.81	-1.28	-1.06	-1.05	-1.01	-1.66	-1.23	-1.23	-1.21	-2.18
Payment of Dividends	-19	-19	-20	-20	-21	-21	-24	-24	-24	-24	-55
Issuance of Debt	82	353	50	110	61	115	25	50	124	-	93
Issuance of Common Equity	-	0.95	17	21	93	10	-0.18	0.40	0.09	-0.01	1.39
Other Financing Activities, net	-	-	-0.20	-	-	-	-0.27	-	-	-	-0.28
Cash Interest Paid	21	19	18	27	18	18	18	19	18	18	17
Cash Income Taxes Paid	0.01	0.01	0.01	8.89	0.64	0.32	0.01	0.59	0.13	0.14	0.01

This table presents Urban Edge Properties' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,919	1,904	2,821	2,799	2,846	2,940	2,985	2,977	3,280	3,312	3,312
Total Current Assets	288	255	625	584	700	648	442	352	371	112	284
Cash & Equivalents	169	132	490	440	433	385	164	86	101	41	49
Restricted Cash	9.04	8.53	11	17	52	35	55	43	73	-	30
Note & Lease Receivable	-	-	-	-	82	81	69	64	57	-	59
Accounts Receivable	99	97	106	113	95	78	79	82	75	-	91
Prepaid Expenses	11	17	19	13	38	70	74	77	65	71	55
Plant, Property, & Equipment, net	1,576	1,597	2,085	2,123	2,077	2,216	2,452	2,535	2,767	2,576	2,910
Plant, Property & Equipment, gross	2,085	2,139	2,672	2,769	2,749	2,947	3,205	3,327	3,586	3,463	3,845
Accumulated Depreciation	509	541	587	646	672	730	754	791	819	887	936
Total Noncurrent Assets	55	52	111	92	70	75	92	90	142	623	119
Intangible Assets	34	31	87	68	48	56	71	63	114	110	88
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	-	31
Total Liabilities & Shareholders' Equity	1,919	1,904	2,821	2,799	2,846	2,940	2,985	2,977	3,280	3,312	3,312
Total Liabilities	1,447	1,408	1,830	1,793	1,832	1,944	1,937	1,947	2,058	1,950	1,935
Total Current Liabilities	45	49	85	99	77	133	85	103	103	90	97
Accounts Payable	45	49	85	99	77	133	85	103	103	90	97
Total Noncurrent Liabilities	1,402	1,359	1,746	1,695	1,755	1,811	1,852	153	377	1,860	1,838
Long-Term Debt	1,234	1,198	1,565	1,550	1,546	1,588	1,687	0.00	153	1,620	1,607
Capital Lease Obligations	155	147	-	-	80	75	65	60	54	-	56
Other Noncurrent Operating Liabilities	13	15	181	144	129	148	101	93	170	240	175
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	471	496	991	1,006	1,015	996	1,048	1,030	1,221	1,362	1,376
Total Preferred & Common Equity	438	460	890	905	968	952	995	977	1,151	1,343	1,289
Total Common Equity	438	460	890	905	968	952	995	977	1,151	1,343	1,289
Common Stock	476	489	948	958	1,020	991	1,002	1,012	1,013	1,216	1,165
Retained Earnings	-38	-29	-58	-53	-53	-39	-7.09	-36	137	127	125
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	0.00	0.63	0.46	0.18	-0.70
Noncontrolling Interest	34	36	101	101	47	44	53	53	71	19	87

This table presents Urban Edge Properties' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,961	2,924	2,903	2,882	3,214	3,236	3,212	3,312	3,314	3,328	3,389
Total Current Assets	375	142	312	293	311	307	339	324	326	350	296
Cash & Equivalents	108	62	49	51	67	79	68	48	53	78	50
Restricted Cash	44	-	44	27	28	23	22	50	65	67	26
Note & Lease Receivable	64	-	59	57	51	56	57	64	62	60	57
Accounts Receivable	81	-	82	83	76	85	81	89	88	87	98
Prepaid Expenses	78	80	77	74	89	65	112	73	58	58	65
Plant, Property, & Equipment, net	2,499	2,208	2,505	2,506	2,765	2,787	2,739	2,858	2,862	2,859	2,971
Plant, Property & Equipment, gross	3,289	3,009	3,327	3,349	3,603	3,652	3,608	3,749	3,768	3,783	3,927
Accumulated Depreciation	790	801	822	842	838	864	869	891	906	924	956
Total Noncurrent Assets	88	574	86	83	138	142	134	130	125	118	122
Noncurrent Note & Lease Receivables	-	-	-	28	27	27	-	29	30	-	31
Intangible Assets	66	60	57	55	110	115	106	101	95	87	91
Total Liabilities & Shareholders' Equity	2,961	2,924	2,903	2,882	3,214	3,236	3,212	3,312	3,314	3,328	3,389
Total Liabilities	1,929	1,931	1,917	1,875	1,992	1,970	1,873	1,959	1,921	1,942	2,008
Total Current Liabilities	79	95	88	90	97	89	131	82	86	89	84
Accounts Payable	79	95	88	90	97	89	131	82	86	89	84
Total Noncurrent Liabilities	1,851	1,836	1,828	1,785	1,894	1,881	1,742	1,878	1,835	1,854	1,924
Long-Term Debt	1,696	-	1,683	1,643	1,678	1,653	1,515	1,642	1,604	1,632	1,695
Capital Lease Obligations	60	-	56	54	48	53	54	61	59	58	55
Other Noncurrent Operating Liabilities	95	1,836	89	87	168	176	173	174	171	164	174
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,032	992	986	1,007	1,222	1,266	1,339	1,353	1,393	1,386	1,381
Total Preferred & Common Equity	977	978	932	951	1,144	1,184	1,254	1,267	1,306	1,297	1,287
Total Common Equity	977	978	932	951	1,144	1,184	1,254	1,267	1,306	1,297	1,287
Common Stock	1,008	1,052	1,014	1,014	1,024	1,053	1,136	1,156	1,161	1,162	1,166
Retained Earnings	-31	-74	-83	-65	120	130	118	111	145	136	121
Accumulated Other Comprehensive Income / (Loss)	0.55	0.34	0.32	1.33	0.74	0.69	-0.03	-0.00	-0.19	-0.74	0.30
Noncontrolling Interest	55	14	55	57	78	82	85	86	87	88	94

This table displays calculated financial ratios and metrics derived from Urban Edge Properties' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.30%	0.94%	24.87%	1.75%	-6.40%	-14.85%	28.78%	-6.39%	4.77%	6.73%	6.06%
EBITDA Growth	-11.18%	32.84%	18.41%	2.36%	4.76%	-29.67%	14.81%	-1.81%	102.53%	-31.48%	9.16%
EBIT Growth	-19.90%	51.55%	8.97%	7.73%	-0.08%	-47.08%	81.01%	-35.26%	185.29%	-56.13%	29.88%
NOPAT Growth	-20.30%	38.72%	23.09%	-27.14%	-13.17%	-15.00%	68.11%	-30.84%	-16.37%	10.17%	31.26%
Net Income Growth	-37.16%	133.70%	-24.52%	60.36%	-0.65%	-15.88%	10.30%	-56.09%	448.97%	-70.97%	29.25%
EPS Growth	-40.91%	133.33%	-32.97%	50.82%	-1.09%	-13.19%	11.39%	-55.68%	441.03%	-71.56%	23.33%
Operating Cash Flow Growth	30.65%	-0.60%	15.04%	-13.21%	14.13%	-27.86%	19.90%	3.21%	16.76%	-6.04%	19.29%
Free Cash Flow Firm Growth	106.26%	16.10%	-268.28%	138.58%	-38.15%	-91.40%	-5,036.51%	114.73%	-430.75%	70.64%	-404.87%
Invested Capital Growth	-0.17%	1.08%	20.81%	2.16%	2.72%	3.87%	15.21%	2.83%	6.76%	4.28%	6.65%
Revenue Q/Q Growth	0.25%	0.88%	3.54%	0.86%	-1.27%	-2.55%	10.76%	-6.35%	3.73%	-0.05%	0.68%
EBITDA Q/Q Growth	0.91%	10.05%	1.77%	25.14%	-3.14%	-2.71%	15.97%	-3.82%	123.98%	-41.06%	-7.70%
EBIT Q/Q Growth	-1.17%	15.07%	-1.51%	36.15%	-3.44%	-7.49%	59.74%	-28.54%	266.92%	-60.04%	-11.36%
NOPAT Q/Q Growth	-0.59%	2.40%	0.01%	-8.16%	-3.90%	23.16%	2.16%	-22.99%	45.71%	-11.14%	0.26%
Net Income Q/Q Growth	-0.10%	4.43%	-33.13%	24.64%	-3.10%	19.88%	29.04%	-38.54%	514.54%	-72.65%	-16.10%
EPS Q/Q Growth	0.00%	31.88%	-47.41%	33.33%	-4.21%	23.44%	27.54%	-39.06%	502.86%	-72.97%	-17.78%
Operating Cash Flow Q/Q Growth	9.76%	-0.12%	3.50%	4.20%	-4.93%	-2.43%	3.16%	-0.85%	13.36%	-4.80%	-0.79%
Free Cash Flow Firm Q/Q Growth	0.00%	-0.62%	50.45%	-30.90%	-80.64%	105.61%	-352.38%	117.08%	-242.22%	67.92%	-808.64%
Invested Capital Q/Q Growth	0.59%	0.81%	-8.11%	-7.03%	1.29%	-1.32%	10.44%	0.68%	7.81%	4.78%	6.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	84.33%	86.11%	86.65%	81.08%	83.47%	83.00%	83.88%	81.32%	83.56%	82.30%	81.69%
EBITDA Margin	46.82%	61.62%	58.43%	58.78%	65.79%	54.34%	48.45%	50.82%	98.25%	63.07%	64.81%
Operating Margin	30.37%	40.81%	39.74%	29.42%	26.79%	15.90%	34.90%	27.08%	21.76%	21.69%	26.71%
EBIT Margin	30.37%	45.60%	39.79%	42.13%	44.98%	27.95%	39.29%	27.17%	73.98%	30.41%	37.24%
Profit (Net Income) Margin	12.80%	29.64%	17.92%	28.24%	29.97%	29.61%	25.36%	11.90%	62.33%	16.95%	20.66%
Tax Burden Percent	96.97%	99.17%	100.38%	97.08%	98.90%	166.37%	98.95%	94.22%	93.59%	96.93%	97.40%
Interest Burden Percent	43.48%	65.55%	44.86%	69.05%	67.38%	63.68%	65.24%	46.47%	90.03%	57.51%	56.96%
Effective Tax Rate	3.03%	0.83%	-0.38%	2.92%	1.10%	-66.37%	1.05%	5.78%	6.41%	3.07%	2.60%
Return on Invested Capital (ROIC)	5.65%	7.80%	8.65%	5.70%	4.83%	3.97%	6.09%	3.88%	3.10%	3.23%	4.04%
ROIC Less NNEP Spread (ROIC-NNEP)	1.57%	4.88%	0.76%	5.57%	6.04%	4.85%	3.28%	0.44%	13.92%	2.10%	2.53%
Return on Net Nonoperating Assets (RNNOA)	5.68%	12.17%	1.16%	6.02%	6.67%	5.75%	4.46%	0.68%	19.99%	2.61%	3.08%
Return on Equity (ROE)	11.32%	19.97%	9.81%	11.72%	11.50%	9.72%	10.55%	4.56%	23.08%	5.84%	7.12%
Cash Return on Invested Capital (CROIC)	5.82%	6.73%	-10.20%	3.56%	2.15%	0.18%	-8.05%	1.09%	-3.44%	-0.96%	-2.39%
Operating Return on Assets (OROA)	5.37%	7.78%	6.86%	6.21%	6.18%	3.19%	5.64%	3.63%	9.86%	4.11%	5.31%
Return on Assets (ROA)	2.27%	5.06%	3.09%	4.16%	4.12%	3.38%	3.64%	1.59%	8.31%	2.29%	2.94%
Return on Common Equity (ROCE)	6.79%	18.54%	8.91%	10.53%	10.66%	9.28%	10.05%	4.32%	21.81%	5.49%	6.85%
Return on Equity Simple (ROE_SIMPLE)	9.44%	20.99%	8.20%	12.93%	12.01%	10.27%	10.83%	4.85%	22.58%	5.90%	0.00%
Net Operating Profit after Tax (NOPAT)	95	132	162	118	103	87	147	102	85	94	123
NOPAT Margin	29.45%	40.47%	39.89%	28.57%	26.50%	26.45%	34.53%	25.52%	20.37%	21.02%	26.02%
Net Nonoperating Expense Percent (NNEP)	4.08%	2.92%	7.89%	0.12%	-1.21%	-0.87%	2.81%	3.44%	-10.82%	1.13%	1.51%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	9.32%	5.95%	6.35%	3.82%
Cost of Revenue to Revenue	15.67%	13.89%	13.35%	18.92%	16.53%	17.00%	16.12%	18.68%	16.45%	17.70%	18.32%
SG&A Expenses to Revenue	9.92%	8.85%	7.54%	8.45%	9.86%	14.75%	9.21%	10.83%	8.89%	8.42%	8.62%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	53.96%	45.30%	46.91%	51.66%	56.68%	67.10%	48.98%	54.24%	61.79%	60.61%	54.97%
Earnings before Interest and Taxes (EBIT)	98	149	162	174	174	92	167	108	308	135	176
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	151	201	238	243	255	179	206	202	410	281	306
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.79	4.38	2.48	1.67	2.00	1.39	2.02	1.57	1.81	2.10	1.87
Price to Tangible Book Value (P/TBV)	4.11	4.69	2.75	1.80	2.10	1.48	2.18	1.68	2.00	2.30	2.01
Price to Revenue (P/Rev)	5.14	6.18	5.42	3.64	4.99	4.00	4.74	3.85	4.99	6.03	5.12
Price to Earnings (P/E)	42.78	22.20	32.92	14.34	17.65	14.12	19.60	33.21	8.36	37.00	25.82
Dividend Yield	4.79%	4.06%	4.54%	6.67%	5.52%	6.00%	6.17%	4.90%	3.62%	3.16%	3.96%
Earnings Yield	2.34%	4.50%	3.04%	6.97%	5.66%	7.08%	5.10%	3.01%	11.96%	2.70%	3.87%
Enterprise Value to Invested Capital (EV/IC)	1.73	1.91	1.64	1.29	1.45	1.17	1.39	0.57	0.77	0.94	1.36
Enterprise Value to Revenue (EV/Rev)	8.99	9.99	8.29	6.52	8.05	7.91	8.46	3.81	5.23	6.27	9.03
Enterprise Value to EBITDA (EV/EBITDA)	19.20	16.21	14.18	11.10	12.24	14.55	17.47	7.50	5.33	9.94	13.93
Enterprise Value to EBIT (EV/EBIT)	29.61	21.91	20.82	15.48	17.90	28.28	21.54	14.04	7.07	20.62	24.25
Enterprise Value to NOPAT (EV/NOPAT)	30.53	24.68	20.77	22.84	30.39	29.88	24.50	14.95	25.69	29.83	34.71
Enterprise Value to Operating Cash Flow (EV/OCF)	21.03	23.73	21.36	19.72	19.96	23.13	26.59	10.87	13.38	18.22	23.32
Enterprise Value to Free Cash Flow (EV/FCFF)	29.64	28.63	0.00	36.59	68.33	664.41	0.00	53.15	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.95	2.71	1.58	1.54	1.60	1.67	1.67	0.06	0.17	0.08	1.34
Long-Term Debt to Equity	2.95	2.71	1.58	1.54	1.60	1.67	1.67	0.06	0.17	0.08	1.34
Financial Leverage	3.61	2.50	1.53	1.08	1.11	1.19	1.36	1.52	1.44	1.24	1.22
Leverage Ratio	5.00	3.95	3.18	2.81	2.79	2.88	2.90	2.87	2.78	2.55	2.42
Compound Leverage Factor	2.17	2.59	1.43	1.94	1.88	1.83	1.89	1.33	2.50	1.47	1.38
Debt to Total Capital	74.66%	73.05%	61.23%	60.65%	61.57%	62.54%	62.57%	5.49%	14.48%	7.64%	57.18%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	74.66%	73.05%	61.23%	60.65%	61.57%	62.54%	62.57%	5.49%	14.48%	7.64%	57.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.80%	1.95%	3.94%	3.96%	1.78%	1.67%	1.88%	4.87%	4.95%	5.67%	2.72%
Common Equity to Total Capital	23.54%	25.01%	34.83%	35.39%	36.65%	35.79%	35.55%	89.64%	80.56%	86.69%	40.10%
Debt to EBITDA	9.19	6.69	6.58	6.37	6.38	9.27	8.51	0.30	0.51	0.40	6.01
Net Debt to EBITDA	8.01	6.00	4.47	4.49	4.47	6.93	7.44	-0.34	0.08	0.08	5.75
Long-Term Debt to EBITDA	9.19	6.69	6.58	6.37	6.38	9.27	8.51	0.30	0.51	0.40	6.01
Debt to NOPAT	14.60	10.19	9.63	13.10	15.83	19.04	11.93	0.59	2.44	1.20	14.97
Net Debt to NOPAT	12.73	9.13	6.55	9.24	11.11	14.24	10.44	-0.68	0.38	0.23	14.33
Long-Term Debt to NOPAT	14.60	10.19	9.63	13.10	15.83	19.04	11.93	0.59	2.44	1.20	14.97
Altman Z-Score	1.15	1.40	1.26	1.04	1.21	0.82	1.09	0.81	1.20	1.23	1.19
Noncontrolling Interest Sharing Ratio	40.04%	7.17%	9.18%	10.11%	7.34%	4.54%	4.74%	5.09%	5.50%	5.98%	3.87%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.36	5.21	7.38	5.93	9.13	4.88	5.21	3.44	3.60	3.43	2.91
Quick Ratio	5.91	4.68	7.03	5.62	7.96	4.09	3.68	2.26	2.27	2.10	2.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	98	114	-191	74	46	3.93	-194	29	-94	-28	-73
Operating Cash Flow to CapEx	207.90%	173.36%	74.69%	116.66%	198.92%	395.56%	43.15%	120.31%	138.50%	65.27%	181.05%
Free Cash Flow to Firm to Interest Expense	1.76	2.19	-2.09	1.18	0.69	0.11	-3.35	0.48	-2.79	-0.46	-0.92
Operating Cash Flow to Interest Expense	2.48	2.65	1.72	2.20	2.35	3.12	2.33	2.37	4.82	2.55	2.32
Operating Cash Flow Less CapEx to Interest Expense	1.29	1.12	-0.58	0.31	1.17	2.33	-3.08	0.40	1.34	-1.36	1.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.17	0.17	0.15	0.14	0.11	0.14	0.13	0.13	0.14	0.14
Accounts Receivable Turnover	3.23	3.32	4.01	3.78	3.71	3.81	5.44	4.95	5.29	5.66	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.21	0.21	0.22	0.20	0.18	0.15	0.18	0.16	0.16	0.16	0.17
Accounts Payable Turnover	1.40	0.96	0.81	0.86	0.73	0.54	0.63	0.79	0.67	0.82	0.92
Days Sales Outstanding (DSO)	112.89	109.83	91.00	96.67	98.35	95.77	67.10	73.72	69.04	64.53	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	260.63	379.56	448.73	426.87	499.00	681.62	580.03	459.96	547.04	447.07	395.63
Cash Conversion Cycle (CCC)	-147.74	-269.73	-357.73	-330.19	-400.65	-585.85	-512.93	-386.25	-478.00	-382.55	-395.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,682	1,700	2,054	2,099	2,156	2,239	2,580	2,653	2,832	2,953	3,136
Invested Capital Turnover	0.19	0.19	0.22	0.20	0.18	0.15	0.18	0.15	0.15	0.15	0.16
Increase / (Decrease) in Invested Capital	-2.88	18	354	44	57	83	341	73	179	121	196
Enterprise Value (EV)	2,904	3,256	3,372	2,702	3,121	2,609	3,597	1,517	2,182	2,790	4,262
Market Capitalization	1,659	2,016	2,208	1,508	1,934	1,322	2,013	1,533	2,078	2,685	2,415
Book Value per Share	$4.41	$4.61	$7.82	$7.91	$7.98	$8.15	$8.50	$8.32	$9.78	$10.24	$10.24
Tangible Book Value per Share	$4.07	$4.31	$7.05	$7.32	$7.59	$7.67	$7.89	$7.78	$8.81	$9.36	$9.55
Total Capital	1,860	1,841	2,555	2,556	2,641	2,658	2,800	1,090	1,428	1,474	3,214
Total Debt	1,389	1,345	1,565	1,550	1,626	1,663	1,752	60	207	113	1,838
Total Long-Term Debt	1,389	1,345	1,565	1,550	1,626	1,663	1,752	60	207	113	1,838
Net Debt	1,211	1,204	1,064	1,093	1,141	1,243	1,532	-69	33	22	1,759
Capital Expenditures (CapEx)	66	79	211	117	79	29	314	116	118	235	101
Debt-free, Cash-free Net Working Capital (DFCFNWC)	65	66	40	28	138	96	137	121	94	128	107
Debt-free Net Working Capital (DFNWC)	243	206	541	485	623	515	357	250	268	219	186
Net Working Capital (NWC)	243	206	541	485	623	515	357	250	268	219	186
Net Nonoperating Expense (NNE)	54	35	89	1.34	-13	-10	39	54	-175	18	25
Net Nonoperating Obligations (NNO)	1,211	1,204	1,064	1,093	1,141	1,243	1,532	1,623	1,611	1,592	1,759
Total Depreciation and Amortization (D&A)	53	52	76	69	81	87	39	94	101	145	130
Debt-free, Cash-free Net Working Capital to Revenue	20.07%	20.13%	9.76%	6.74%	35.64%	29.12%	32.26%	30.43%	22.55%	28.74%	22.73%
Debt-free Net Working Capital to Revenue	75.19%	63.14%	132.80%	117.21%	160.78%	156.12%	83.98%	62.79%	64.35%	49.11%	39.44%
Net Working Capital to Revenue	75.19%	63.14%	132.80%	117.21%	160.78%	156.12%	83.98%	62.79%	64.35%	49.11%	39.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.39	$0.91	$0.62	$0.92	$0.91	$0.79	$0.88	$0.39	$2.11	$0.60	$0.74
Adjusted Weighted Average Basic Shares Outstanding	99.25M	99.36M	107.13M	113.86M	119.75M	117.72M	117.03M	117.37M	117.51M	121.32M	125.69M
Adjusted Diluted Earnings per Share	$0.39	$0.91	$0.61	$0.92	$0.91	$0.79	$0.88	$0.39	$2.11	$0.60	$0.74
Adjusted Weighted Average Diluted Shares Outstanding	99.28M	99.79M	118.39M	114.05M	119.90M	117.90M	121.45M	121.64M	117.60M	121.43M	125.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	99.29M	99.75M	113.82M	114.33M	121.39M	117.02M	117.40M	117.49M	117.73M	125.46M	125.96M
Normalized Net Operating Profit after Tax (NOPAT)	95	132	118	123	115	39	147	102	117	94	123
Normalized NOPAT Margin	29.45%	40.47%	29.09%	29.60%	29.75%	11.78%	34.53%	25.52%	28.01%	21.02%	26.02%
Pre Tax Income Margin	13.20%	29.89%	17.85%	29.09%	30.31%	17.80%	25.63%	12.63%	66.60%	17.49%	21.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.76	2.86	1.77	2.80	2.62	2.56	2.88	1.83	9.13	2.25	2.23
NOPAT to Interest Expense	1.71	2.54	1.77	1.90	1.54	2.42	2.53	1.72	2.51	1.55	1.56
EBIT Less CapEx to Interest Expense	0.57	1.34	-0.54	0.91	1.44	1.77	-2.53	-0.13	5.64	-1.65	0.95
NOPAT Less CapEx to Interest Expense	0.52	1.02	-0.54	0.01	0.36	1.63	-2.88	-0.25	-0.97	-2.35	0.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	191.47%	84.07%	130.77%	85.71%	91.36%	27.26%	115.01%	158.64%	28.93%	109.91%	97.98%
Augmented Payout Ratio	203.36%	89.32%	143.76%	95.21%	96.27%	83.99%	119.59%	165.21%	30.18%	115.74%	103.45%

This table displays calculated financial ratios and metrics derived from Urban Edge Properties' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	125,956,087.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	125,956,087.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.18
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.61%	14.75%	10.24%	7.55%	10.40%	-0.18%	7.79%	7.07%	6.85%	2.74%	12.24%
EBITDA Growth	11.07%	419.41%	211.90%	35.98%	10.41%	-69.63%	6.16%	57.44%	8.92%	-29.55%	16.06%
EBIT Growth	10.83%	746.78%	599.59%	12.00%	-3.92%	-79.91%	24.52%	154.91%	26.13%	-44.08%	53.57%
NOPAT Growth	-19.51%	28.91%	578.65%	-35.75%	32.49%	-26.96%	60.63%	74.58%	27.26%	-0.19%	62.30%
Net Income Growth	227.43%	1,518.30%	112.14%	203.17%	-74.78%	-86.42%	242.82%	89.84%	64.16%	-59.39%	180.92%
EPS Growth	210.00%	1,600.00%	112.50%	188.89%	-77.42%	-86.63%	250.00%	76.92%	71.43%	-64.00%	157.14%
Operating Cash Flow Growth	-8.74%	46.93%	-22.09%	5.66%	6.33%	-12.84%	42.14%	5.39%	52.26%	-2.77%	20.08%
Free Cash Flow Firm Growth	110.52%	-221.69%	-215.17%	-1,056.98%	-671.58%	33.79%	95.94%	83.66%	52.90%	-108.33%	28.82%
Invested Capital Growth	-0.31%	6.76%	206.69%	9.03%	7.30%	4.28%	3.66%	2.37%	3.98%	6.65%	3.31%
Revenue Q/Q Growth	2.80%	14.48%	-5.97%	-2.81%	5.52%	3.50%	1.55%	-3.45%	5.30%	-0.47%	10.93%
EBITDA Q/Q Growth	5.90%	400.08%	-78.18%	17.67%	-14.02%	37.55%	-23.71%	74.51%	-40.52%	-11.53%	23.61%
EBIT Q/Q Growth	4.73%	747.65%	-90.85%	37.94%	-10.16%	77.27%	-43.31%	182.37%	-55.55%	-21.40%	48.54%
NOPAT Q/Q Growth	-27.72%	79.65%	-54.68%	9.19%	49.05%	-0.96%	-0.34%	18.67%	8.65%	-22.33%	54.64%
Net Income Q/Q Growth	255.39%	517.79%	-98.95%	1,209.78%	-70.44%	232.80%	-73.40%	625.28%	-74.44%	-17.68%	84.05%
EPS Q/Q Growth	244.44%	503.23%	-98.93%	1,200.00%	-73.08%	257.14%	-72.00%	557.14%	-73.91%	-25.00%	100.00%
Operating Cash Flow Q/Q Growth	-11.85%	74.88%	-61.90%	79.90%	-11.29%	43.35%	-37.87%	33.38%	28.16%	-8.46%	-23.26%
Free Cash Flow Firm Q/Q Growth	25.40%	-594.81%	-1,239.83%	88.49%	25.10%	42.69%	17.80%	53.68%	-115.85%	-117.65%	66.76%
Invested Capital Q/Q Growth	-0.21%	7.81%	0.75%	0.59%	-1.80%	4.78%	0.15%	-0.67%	-0.25%	6.99%	-2.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	83.68%	83.86%	81.29%	82.86%	83.61%	81.45%	80.76%	84.63%	84.96%	76.50%	78.18%
EBITDA Margin	55.14%	240.85%	55.90%	67.67%	55.14%	73.28%	55.05%	99.51%	56.21%	49.97%	55.68%
Operating Margin	29.47%	31.80%	19.49%	17.51%	25.65%	23.76%	24.52%	28.37%	30.08%	23.91%	32.02%
EBIT Margin	29.47%	218.24%	21.23%	30.13%	25.65%	43.93%	24.52%	71.72%	30.28%	23.91%	32.02%
Profit (Net Income) Margin	36.86%	198.93%	2.23%	30.06%	8.42%	27.07%	7.09%	53.29%	12.94%	10.70%	17.75%
Tax Burden Percent	68.75%	100.00%	78.62%	98.34%	94.81%	97.94%	93.12%	98.95%	96.28%	94.54%	98.42%
Interest Burden Percent	181.92%	91.15%	13.36%	101.45%	34.63%	62.93%	31.06%	75.08%	44.38%	47.34%	56.34%
Effective Tax Rate	31.25%	0.00%	21.38%	1.66%	5.19%	2.06%	6.88%	1.05%	3.72%	5.46%	1.58%
Return on Invested Capital (ROIC)	3.10%	4.83%	3.46%	2.72%	3.98%	3.58%	3.56%	4.46%	4.72%	3.51%	5.10%
ROIC Less NNEP Spread (ROIC-NNEP)	4.14%	16.89%	1.63%	3.56%	2.82%	3.86%	2.41%	6.28%	3.45%	2.66%	3.99%
Return on Net Nonoperating Assets (RNNOA)	6.55%	24.25%	1.15%	5.14%	3.73%	4.78%	3.03%	7.44%	3.83%	3.24%	4.78%
Return on Equity (ROE)	9.65%	29.08%	4.61%	7.86%	7.71%	8.36%	6.60%	11.90%	8.55%	6.75%	9.88%
Cash Return on Invested Capital (CROIC)	2.52%	-3.44%	-95.82%	-4.97%	-3.17%	-0.96%	-0.11%	1.63%	0.36%	-2.39%	1.34%
Operating Return on Assets (OROA)	4.05%	29.08%	2.95%	4.27%	3.75%	5.93%	3.41%	10.10%	4.34%	3.41%	4.65%
Return on Assets (ROA)	5.07%	26.51%	0.31%	4.26%	1.23%	3.66%	0.99%	7.50%	1.85%	1.52%	2.58%
Return on Common Equity (ROCE)	9.12%	27.48%	4.42%	7.38%	7.24%	7.86%	6.18%	11.15%	8.01%	6.49%	9.23%
Return on Equity Simple (ROE_SIMPLE)	4.45%	0.00%	24.69%	25.67%	21.99%	0.00%	6.42%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	21	37	17	18	27	27	27	32	35	27	42
NOPAT Margin	20.26%	31.80%	15.32%	17.22%	24.32%	23.27%	22.84%	28.07%	28.97%	22.60%	31.51%
Net Nonoperating Expense Percent (NNEP)	-1.05%	-12.05%	1.83%	-0.84%	1.15%	-0.28%	1.15%	-1.83%	1.27%	0.85%	1.11%
Return On Investment Capital (ROIC_SIMPLE)	-	2.60%	-	-	-	1.84%	0.88%	1.05%	1.13%	0.84%	1.33%
Cost of Revenue to Revenue	16.32%	16.14%	18.71%	17.14%	16.39%	18.55%	19.24%	15.37%	15.04%	23.50%	21.82%
SG&A Expenses to Revenue	8.78%	7.86%	8.25%	8.79%	8.37%	8.29%	8.07%	10.27%	7.47%	8.74%	6.89%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	54.21%	52.07%	61.80%	65.36%	57.96%	57.69%	56.24%	56.27%	54.87%	52.59%	46.16%
Earnings before Interest and Taxes (EBIT)	30	254	23	32	29	51	29	82	36	29	42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	56	281	61	72	62	85	65	114	68	60	74
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.82	1.81	1.76	1.85	2.07	2.10	1.88	1.80	1.98	1.87	1.95
Price to Tangible Book Value (P/TBV)	1.93	2.00	1.95	2.05	2.26	2.30	2.05	1.94	2.13	2.01	2.10
Price to Revenue (P/Rev)	4.31	4.99	4.71	5.05	5.83	6.03	5.26	5.09	5.49	5.12	5.17
Price to Earnings (P/E)	42.28	8.36	7.45	7.55	9.84	37.00	30.50	22.27	23.15	25.82	23.31
Dividend Yield	4.35%	3.62%	3.80%	3.57%	3.13%	3.16%	3.68%	3.86%	3.62%	3.96%	3.90%
Earnings Yield	2.37%	11.96%	13.43%	13.25%	10.16%	2.70%	3.28%	4.49%	4.32%	3.87%	4.29%
Enterprise Value to Invested Capital (EV/IC)	1.30	0.77	1.30	1.35	1.48	0.94	1.38	1.35	1.44	1.36	1.40
Enterprise Value to Revenue (EV/Rev)	8.48	5.23	8.71	8.93	9.34	6.27	8.98	8.63	8.98	9.03	8.81
Enterprise Value to EBITDA (EV/EBITDA)	18.63	5.33	8.25	8.25	8.74	9.94	14.33	12.21	12.70	13.93	16.09
Enterprise Value to EBIT (EV/EBIT)	40.53	7.07	11.06	11.42	12.28	20.62	28.89	20.86	21.22	24.25	30.41
Enterprise Value to NOPAT (EV/NOPAT)	58.46	25.69	33.78	38.41	39.51	29.83	40.26	34.52	34.36	34.71	31.05
Enterprise Value to Operating Cash Flow (EV/OCF)	23.69	13.38	23.78	24.45	25.85	18.22	25.02	24.11	22.85	23.32	22.64
Enterprise Value to Free Cash Flow (EV/FCFF)	51.32	0.00	0.00	0.00	0.00	0.00	0.00	83.97	410.13	0.00	106.59
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.69	0.17	1.41	1.35	1.17	0.08	1.26	1.19	1.22	1.34	1.27
Long-Term Debt to Equity	1.69	0.17	1.41	1.35	1.17	0.08	1.26	1.19	1.22	1.34	1.27
Financial Leverage	1.58	1.44	0.71	1.44	1.32	1.24	1.26	1.18	1.11	1.22	1.20
Leverage Ratio	2.87	2.78	2.77	2.73	2.60	2.55	2.53	2.46	2.40	2.42	2.45
Compound Leverage Factor	5.21	2.53	0.37	2.77	0.90	1.61	0.79	1.85	1.07	1.15	1.38
Debt to Total Capital	62.76%	14.48%	58.54%	57.40%	53.96%	7.64%	55.74%	54.43%	54.95%	57.18%	55.88%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	62.76%	14.48%	58.54%	57.40%	53.96%	7.64%	55.74%	54.43%	54.95%	57.18%	55.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.10%	4.95%	2.65%	2.75%	2.91%	5.67%	2.80%	2.84%	2.87%	2.72%	3.00%
Common Equity to Total Capital	35.14%	80.56%	38.81%	39.85%	43.13%	86.69%	41.46%	42.72%	42.18%	40.10%	41.11%
Debt to EBITDA	9.28	0.51	3.83	3.63	3.30	0.40	5.99	5.11	5.10	6.01	6.57
Net Debt to EBITDA	8.86	0.08	3.61	3.41	3.11	0.08	5.64	4.74	4.66	5.75	6.28
Long-Term Debt to EBITDA	9.28	0.51	3.83	3.63	3.30	0.40	5.99	5.11	5.10	6.01	6.57
Debt to NOPAT	29.13	2.44	15.66	16.88	14.91	1.20	16.83	14.43	13.80	14.97	12.68
Net Debt to NOPAT	27.79	0.38	14.80	15.88	14.06	0.23	15.86	13.41	12.62	14.33	12.13
Long-Term Debt to NOPAT	29.13	2.44	15.66	16.88	14.91	1.20	16.83	14.43	13.80	14.97	12.68
Altman Z-Score	0.78	1.15	0.90	0.97	1.13	1.14	1.03	1.10	1.12	1.04	1.06
Noncontrolling Interest Sharing Ratio	5.48%	5.50%	4.17%	6.06%	6.03%	5.98%	6.36%	6.34%	6.35%	3.87%	6.57%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.25	3.60	3.20	3.46	2.59	3.43	3.96	3.80	3.95	2.91	3.53
Quick Ratio	2.13	2.27	2.00	2.48	1.57	2.10	2.45	2.36	2.54	2.04	2.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	29	-142	-1,906	-219	-164	-94	-77	-36	-77	-168	-56
Operating Cash Flow to CapEx	114.60%	192.66%	51.74%	53.12%	149.83%	59.35%	157.17%	0.00%	179.91%	201.53%	96.50%
Free Cash Flow to Firm to Interest Expense	0.00	-5.95	-91.43	-1,113.85	-8.41	-4.81	-4.02	-1.82	-4.00	-8.25	-2.96
Operating Cash Flow to Interest Expense	0.00	2.52	1.10	209.32	1.87	2.68	1.69	2.20	2.87	2.50	2.07
Operating Cash Flow Less CapEx to Interest Expense	0.00	1.21	-1.03	-184.73	0.62	-1.83	0.62	4.26	1.28	1.26	-0.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.13	0.14	0.14	0.15	0.14	0.14	0.14	0.14	0.14	0.15
Accounts Receivable Turnover	4.90	5.29	0.00	5.19	5.43	5.66	5.49	5.34	5.59	0.00	5.20
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.16	0.16	0.17	0.16	0.17	0.16	0.16	0.16	0.17	0.17	0.17
Accounts Payable Turnover	0.80	0.67	0.75	0.84	0.69	0.82	0.90	0.92	0.73	0.92	1.10
Days Sales Outstanding (DSO)	74.44	69.04	0.00	70.37	67.20	64.53	66.52	68.38	65.32	0.00	70.15
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	455.43	547.04	489.48	434.95	530.70	447.07	403.65	396.57	501.86	395.63	330.91
Cash Conversion Cycle (CCC)	-380.99	-478.00	-489.48	-364.58	-463.50	-382.55	-337.12	-328.20	-436.54	-395.63	-260.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,627	2,832	2,853	2,870	2,819	2,953	2,958	2,938	2,931	3,136	3,056
Invested Capital Turnover	0.15	0.15	0.23	0.16	0.16	0.15	0.16	0.16	0.16	0.16	0.16
Increase / (Decrease) in Invested Capital	-8.12	179	1,923	238	192	121	104	68	112	196	98
Enterprise Value (EV)	3,407	2,182	3,722	3,881	4,160	2,790	4,074	3,979	4,208	4,262	4,285
Market Capitalization	1,731	2,078	2,012	2,195	2,595	2,685	2,384	2,346	2,575	2,415	2,517
Book Value per Share	$8.08	$9.78	$9.69	$9.97	$10.34	$10.24	$10.10	$10.38	$10.31	$10.24	$10.22
Tangible Book Value per Share	$7.61	$8.81	$8.75	$9.00	$9.46	$9.36	$9.29	$9.63	$9.62	$9.55	$9.50
Total Capital	2,705	1,428	2,948	2,971	2,908	1,474	3,056	3,056	3,076	3,214	3,131
Total Debt	1,698	207	1,726	1,706	1,569	113	1,703	1,664	1,690	1,838	1,750
Total Long-Term Debt	1,698	207	1,726	1,706	1,569	113	1,703	1,664	1,690	1,838	1,750
Net Debt	1,620	33	1,631	1,604	1,480	22	1,605	1,545	1,545	1,759	1,674
Capital Expenditures (CapEx)	30	31	44	78	24	88	21	-41	31	25	41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	125	94	119	117	118	128	144	122	117	107	136
Debt-free Net Working Capital (DFNWC)	203	268	214	218	208	219	242	240	262	186	212
Net Working Capital (NWC)	203	268	214	218	208	219	242	240	262	186	212
Net Nonoperating Expense (NNE)	-17	-195	14	-14	18	-4.43	19	-29	19	14	18
Net Nonoperating Obligations (NNO)	1,620	1,611	1,631	1,604	1,480	1,592	1,605	1,545	1,545	1,759	1,674
Total Depreciation and Amortization (D&A)	26	26	38	40	33	34	36	32	31	31	31
Debt-free, Cash-free Net Working Capital to Revenue	31.01%	22.55%	27.85%	26.89%	26.59%	28.74%	31.73%	26.47%	24.93%	22.73%	28.03%
Debt-free Net Working Capital to Revenue	50.40%	64.35%	50.11%	50.18%	46.72%	49.11%	53.36%	52.10%	55.82%	39.44%	43.63%
Net Working Capital to Revenue	50.40%	64.35%	50.11%	50.18%	46.72%	49.11%	53.36%	52.10%	55.82%	39.44%	43.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.31	$1.87	$0.02	$0.26	$0.07	$0.25	$0.07	$0.46	$0.12	$0.09	$0.18
Adjusted Weighted Average Basic Shares Outstanding	117.54M	117.51M	118.07M	118.86M	123.36M	121.32M	125.51M	125.69M	125.73M	125.69M	125.88M
Adjusted Diluted Earnings per Share	$0.31	$1.87	$0.02	$0.26	$0.07	$0.25	$0.07	$0.46	$0.12	$0.09	$0.18
Adjusted Weighted Average Diluted Shares Outstanding	122.21M	117.60M	122.81M	118.97M	123.47M	121.43M	125.60M	125.77M	125.80M	125.91M	131.11M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	117.64M	117.73M	118.82M	121.33M	124.87M	125.46M	125.75M	125.79M	125.85M	125.96M	126.02M
Normalized Net Operating Profit after Tax (NOPAT)	21	26	17	18	27	27	27	32	35	27	42
Normalized NOPAT Margin	20.26%	22.26%	15.32%	17.22%	24.32%	23.27%	22.84%	28.07%	28.97%	22.60%	31.51%
Pre Tax Income Margin	53.62%	198.92%	2.84%	30.56%	8.88%	27.65%	7.62%	53.85%	13.44%	11.32%	18.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	10.64	1.12	162.94	1.48	2.61	1.50	4.15	1.88	1.40	2.24
NOPAT to Interest Expense	0.00	1.55	0.81	93.11	1.40	1.38	1.40	1.62	1.80	1.32	2.21
EBIT Less CapEx to Interest Expense	0.00	9.33	-1.01	-231.11	0.23	-1.90	0.43	6.21	0.28	0.16	0.10
NOPAT Less CapEx to Interest Expense	0.00	0.24	-1.32	-300.94	0.15	-3.13	0.32	3.68	0.20	0.08	0.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	177.74%	28.93%	27.11%	25.67%	29.15%	109.91%	106.43%	81.96%	79.98%	97.98%	112.46%
Augmented Payout Ratio	185.33%	30.18%	28.43%	26.97%	30.67%	115.74%	112.31%	86.46%	84.39%	103.45%	117.65%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for Urban Edge Properties (NYSE: UE) based on quarterly statements over the last four years. The bullets highlight notable positive, neutral, and negative factors for retail investors.

Revenue trend: Total revenue has grown from about $101.6 million in Q4 2022 to approximately $119.6 million in Q4 2025, indicating a multi-year top-line expansion.
Free cash flow generation: In Q4 2025, free cash flow was positive, roughly $25.3 million (operating cash from continuing activities about $50.6 million minus capital expenditures of about $25.3 million), signaling cash generation capacity to support dividends or debt reduction.
Debt trend: Long-term debt declined modestly through 2025 (about $1.678 billion at end-2024 to about $1.632 billion by Q3 2025), suggesting light deleveraging pressure alleviating some balance-sheet strain.
Operating cash flow stability: Net cash from continuing operating activities remained robust in 2025 (e.g., Q3 2025 around $55.7 million, Q4 2025 around $50.6 million), indicating consistent cash generation.
Capex timing shift: Capital expenditures were much higher in 2024 (Q4 2024 capex near $113.6 million) versus 2025 (Q4 2025 capex around $25.3 million in the quarter), suggesting a shift in capex scheduling rather than a fundamental slowdown in asset deployment.
Dividend cash outflows: In 2025, cash dividends paid were sizable (for example, about $23.9 million in Q4), which reduces quarterly cash balance but aligns with the REIT’s yield strategy.
Investing activities remain cash-intensive: Net cash from investing activities was consistently negative (e.g., Q4 2025 investing outflow around $64.5 million in the quarter), reflecting ongoing asset acquisitions and real estate investments that weigh on quarterly cash balance.
Leverage level: Across 2025, total liabilities were about $1.94 billion with equity around $1.29 billion, indicating a meaningful debt load relative to equity and sensitivity to interest-rate changes.

Overall, UE shows growing revenues and positive, but moderate, free cash flow generation in 2025 with a balance-sheet that has begun to delever slightly. Investors should monitor capex cadence, dividend sustainability, and debt levels as the company continues to invest in its real estate portfolio.

05/14/26 03:49 PM ETAI Generated. May Contain Errors.

Urban Edge Properties Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Urban Edge Properties' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Urban Edge Properties' net income appears to be on an upward trend, with a most recent value of $97.51 million in 2025, rising from $41.35 million in 2015. The previous period was $75.44 million in 2024. Check out Urban Edge Properties' forecast to explore projected trends and price targets.

Urban Edge Properties' total operating income in 2025 was $126.07 million, based on the following breakdown:

Total Gross Profit: $385.50 million
Total Operating Expenses: $259.44 million

Over the last 10 years, Urban Edge Properties' total revenue changed from $322.95 million in 2015 to $471.94 million in 2025, a change of 46.1%.

Urban Edge Properties' total liabilities were at $1.94 billion at the end of 2025, a 0.7% decrease from 2024, and a 33.7% increase since 2015.

In the past 10 years, Urban Edge Properties' cash and equivalents has ranged from $41.37 million in 2024 to $490.28 million in 2017, and is currently $48.88 million as of their latest financial filing in 2025.

Over the last 10 years, Urban Edge Properties' book value per share changed from 4.41 in 2015 to 10.24 in 2025, a change of 132.2%.

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Financial statements for NYSE:UE last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Urban Edge Properties (UE) Financials

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Urban Edge Properties (UE) Financials

Annual Income Statements for Urban Edge Properties

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When does Urban Edge Properties' financial year end?

How has Urban Edge Properties' net income changed over the last 10 years?

What is Urban Edge Properties' operating income?

How has Urban Edge Properties' revenue changed over the last 10 years?

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How has Urban Edge Properties' book value per share changed over the last 10 years?

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