Urban Edge Properties (UE) Q1 FFO and Revenues Top Estimates

Core Viewpoint - Urban Edge Properties reported quarterly funds from operations (FFO) of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, and up from $0.33 per share a year ago [1][2] Financial Performance - The company achieved revenues of $118.09 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.42%, compared to $109.63 million in the same quarter last year [3] - Urban Edge Properties has exceeded consensus revenue estimates two times over the last four quarters [3] Stock Performance - The stock has declined approximately 15.4% since the beginning of the year, while the S&P 500 has decreased by 5.5% [4] - The current consensus FFO estimate for the upcoming quarter is $0.34 on revenues of $114.51 million, and for the current fiscal year, it is $1.38 on revenues of $446.2 million [8] Industry Context - The REIT and Equity Trust - Retail industry is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9] - Empirical research suggests a strong correlation between near-term stock movements and trends in estimate revisions, which can impact stock performance [6]