UE

Urban Edge Properties Q4 Adj. FFO Declines

(RTTNews) - Urban Edge Properties (UE) reported that its fourth quarter funds from operations increased to $45.68 million from $38.83 million, prior year. FFO per share was $0.37 compared to $0.32. FFO as adjusted declined to $37.92 million from $40.58 million. FFO as adjusted per share was $0.31 compared to $0.33.

Net income attributable to common shareholders increased to $221.23 million from $13.67 million, last year. Net income per share was $1.88 compared to $0.12. Total revenue increased to $116.58 million from $101.59 million, last year.

For full-year 2024, the company expects: net income of $0.12 to $0.17 per share, FFO of $1.20 to $1.25 per share, and FFO as adjusted of $1.24 to $1.29 per share.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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