Urban Edge Properties

uedge.com

What Do They Do?

Leases and manages retail shopping centers, outlet centers and malls for retailers and other merchants, primarily in the Washington, D.C. to Boston corridor.

How Do They Make Money?

Retail tenants pay fixed rent under leases, plus variable rent tied to sales or consumer prices and reimbursements for property expenses. The company also earns fees for tenant services and for managing and developing properties for third parties.

revenue

Segment	Share	Revenue	How money arrives
Rental revenue Recurring	100% FY2022: 100%		Recurring
Other income	0.3% FY2022: 0.4%

Who Are Their Customers?

Retailers, food businesses, and service or entertainment providers lease space directly from Urban Edge in its shopping centers and malls.

Do Revenues Turn Into Profits?

Yes. It kept 20 cents of every revenue dollar as net income in FY2025.

Net income, FY2025

20% of revenue

▲ +29% vs FY2024 ($72.6M, 16%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +8%; vs $114.1M in Q2 FY2025
Net income: ▼ −69%; vs $58M in Q2 FY2025

Rental Revenue share of property revenues vs 99.9% in Q2 FY2025

Aug 6, 2026 Raises full-year 2026 adjusted FFO outlook Raised full-year adjusted FFO guidance by $0.02 per share after better-than-expected results.
Apr 29, 2026 Raises the low end of full-year adjusted FFO outlook Raised the low end of its adjusted FFO guidance from $1.47 to $1.48 per diluted share.

Growing. Revenue grew 11% in 4 years, from $425.1M in FY2021 to $471.9M in FY2025, about 3% a year.

Revenue over time

Rental revenue Other income

$500M$250M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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