Q1 2026 Urban Edge Properties Earnings Call Transcript

Apr 29, 2026 / 12:30 PM GMT

Release Date Price: $21.5 (-2.80%)

Transcript 10-Q8-K

Key Points

Positve

Urban Edge Properties (UE) reported a 3% increase in FFO as adjusted, reaching $0.36 per share, surpassing internal expectations.
The company executed leases totaling 419,000 square feet, including 84,000 square feet of new leases at a strong 52% cash spread.
The acquisition of The Village at Bridgewater Commons was completed at a 7.7% cap rate, adding a high-traffic property to the portfolio.
Urban Edge Properties (UE) increased its 2026 FFO as-adjusted guidance, reflecting a 5% growth over 2025 at the midpoint.
The company maintains a robust leasing pipeline, with leasing spreads expected to exceed 20%, providing strong visibility into earnings through 2027.

Negative

Same property leased occupancy decreased by 30 basis points to 96.4%, primarily due to the recapture of a large retail space.
The company experienced higher-than-expected bad debt in the quarter, attributed to isolated cases, including a franchise operator in Puerto Rico.
Property operating expenses increased by 25%, driven by snow-related costs, which may impact overall profitability.
The company is facing challenges in achieving 3% or higher annual rent increases from anchor tenants, as not all deals can secure such terms.
Urban Edge Properties (UE) is still working to proactively take back under-leased spaces, indicating ongoing challenges in optimizing property use.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

UE.N - Urban Edge Properties
Q1 2026 Urban Edge Properties Earnings Call
Apr 29, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Urban Edge Properties First Quarter 2026 Earnings Call.

At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Fariba Ahmed, Investor Relations. Please go ahead.

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Unidentified_2 [2]
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Good morning and welcome to Urban Edge Property's first quarter 2026 earnings conference

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