All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividen ...

Urban Edge Properties (NYSE:UE) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Areeba Ahmed - IR Associate Jeffrey Olson - Chairman & CEO Jeffrey Mooallem - COO Mark Langer - CFO Conference Call Participants Steve Sakwa - Evercore ISI Samir Khanal - Evercore ISI Floris van Dijkum - Compass Point Ronald Kamdem - Morgan Stanley Operator Greetings and welcome to the Urban Edge Properties Second Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode. ...

Urban Edge Properties (UE) came out with quarterly funds from operations (FFO) of $0.32 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.30 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this real estate investment trust that owns and manages shopping centers would post FFO of $0.30 per share when it actually produced FFO of $0.33, delivering a surprise of 10%. Over the last four quarters, the company has surpasse ...

The Company has a share repurchase program for up to $200 million, under which the Company may repurchase its shares from time to time in the open market or in privately negotiated transactions in compliance with SEC Rule 10b-18. The amount and timing of the purchases will depend on a number of factors including the price and availability of the Company's shares, 25 Share Repurchase Program Time-based awards 16. EARNINGS PER SHARE AND UNIT | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------- ...

Exhibit 99.2 SUPPLEMENTAL DISCLOSURE PACKAGE June 30, 2024 Urban Edge Properties 888 7th Avenue, New York, NY 10019 NY Office: 212-956-2556 www.uedge.com TABLE OF CONTENTS | | Page | | --- | --- | | Press Release | | | Second Quarter 2024 Earnings Press Release | 1 | | Overview | | | Summary Financial Results and Ratios | 13 | | Consolidated Financial Statements | | | Consolidated Balance Sheets | 14 | | Consolidated Statements of Income | 15 | | Non-GAAP Financial Measures and Supplemental Data | | | Suppl ...

One risk for the company is if interest rates remain elevated for much longer. As previously mentioned, interest rates have plagued some REITs with slower than expected growth. And if these continue to remain elevated, this will likely continue going forward. Furthermore, another risk is the company's occupancy. At the end of Q1 their total occupancy stood at 94.2%. This was lower than both peers InvenTrust Properties Corp and Tanger whose occupancies stood at 96.3% and 96.5% respectively. UE's small-shop o ...

Urban Edge Properties (NYSE:UE) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Areeba Ahmed - Investor Relations Associate Jeffrey Olson - Chairman & Chief Executive Officer Jeffrey Mooallem - EVP & Chief Operating Officer Mark Langer - EVP & Chief Financial Officer Robert Milton - EVP & General Counsel Scott Auster - EVP & Head of Leasing Andrea Drazin - Chief Accounting Officer Conference Call Participants Steve Sakwa - Evercore ISI Floris van Dijkum - Compass Point Ronald Ka ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☒ EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number: 001-36523 (Urban Edge Properties) Commission File Number: 333-212951-01 (Urban Edge Properties LP) URBAN EDGE PROPERTIES UR ...

Exhibit 99.2 SUPPLEMENTAL DISCLOSURE PACKAGE March 31, 2024 Urban Edge Properties 888 7th Avenue, New York, NY 10019 NY Office: 212-956-2556 www.uedge.com URBAN EDGE PROPERTIES SUPPLEMENTAL DISCLOSURE March 31, 2024 (unaudited) TABLE OF CONTENTS | | Page | | --- | --- | | Press Release | | | First Quarter 2024 Earnings Press Release | 1 | | Overview | | | Summary Financial Results and Ratios | 13 | | Consolidated Financial Statements | | | Consolidated Balance Sheets | 14 | | Consolidated Statements of Inco ...

Financial Data and Key Metrics Changes - The company reported FFO as adjusted at $0.31 per share for Q4 and $1.25 per share for the full year, achieving the high end of guidance [64] - Same-property NOI growth, including redevelopment, was down 1.3% for Q4 compared to the previous year but up 2.5% for the full year [64] - Excluding out-of-period collections, same-property NOI growth was up 0.6% in Q4 and up 4.3% for the year, aligning with prior guidance [65][66] Business Line Data and Key Metrics Changes - The company executed 51 leasing deals in Q4, totaling 650,000 square feet, with same-space deals generating an average cash rent spread of 18% [44] - For the full year, approximately 2 million square feet of leasing transactions were completed, with a new lease spread of almost 25% [46] - The company aims to increase shop occupancy back to above 91%, with a potential 300-basis-point increase [29] Market Data and Key Metrics Changes - The company operates in a densely populated, supply-constrained market from D.C. to Boston, which limits new supply and enhances land values [33] - Retail rent growth in 2023 was over 4%, with the lowest retail vacancy since 2007 and record low retail construction [52] Company Strategy and Development Direction - The company plans to achieve same-property NOI growth of at least 4% in 2024 and aims to increase lease occupancy to historical highs of 97% to 98% [34] - The company is focused on capital recycling, leasing, and development to drive strong results [38] - The acquisition of Heritage Square for $34 million is part of the strategy to enhance the portfolio with high-quality assets [41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing a strong pipeline and competitive advantages as a well-capitalized cash buyer [14][51] - The company anticipates a gradual build in NOI and FFO due to the timing of lease commencements and seasonal operational expenses [86][87] - Management expects to maintain a strong balance sheet with minimal debt maturities through 2026 [68] Other Important Information - The company increased its annual dividend by 6%, reflecting confidence in earnings and cash flow growth [35] - The company has a well-laddered debt maturity profile, with only 13% of debt maturing through 2026 [61] Q&A Session Summary Question: What will drive the incremental upside in shop occupancy? - Management indicated that anchor repositioning and converting temporary tenants to permanent ones will contribute to shop occupancy gains [77][78] Question: What is the conversation with anchor tenants regarding rent? - Management noted that a 98% leased anchor portfolio allows for more aggressive negotiations on rent and other terms [82][100] Question: What factors will influence same-store NOI growth? - Management highlighted the pace of incoming leases and the impact of seasonal operational expenses as key factors [101][106] Question: Are there plans for larger acquisitions? - Management stated that while modest acquisitions are preferred, they would consider larger opportunities if they align with their growth strategy [111][132] Question: What is the outlook for the acquisition market? - Management noted that finding suitable assets is challenging, with only a small percentage meeting their criteria, but they remain active in pursuing opportunities [129]