Urban Edge Properties (UE) Q2 FFO Match Estimates

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 ...