Urban Edge Properties - Understand $ue stock

$UE Market Cap: $2.872 Billion

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Financial Snapshot

Revenue

$445.2M

TTM

Gross Margin

64.49%

TTM

Net Earnings

$263.5M

TTM

Current Assets

$190.4M

Q3 2024

Current Liabilities

$96.75M

Q3 2024

Current Ratio

196.83%

Q3 2024

Total Assets

$3.212B

Q3 2024

Total Liabilities

$1.873B

Q3 2024

Book Value

$1.339B

Q3 2024

Cash

$67.92M

Q3 2024

P/E

10.90

Nov 14, 2024 EST

Free Cash Flow

-$364.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$416.9M	$397.9M	$425.1M	$330.1M	$387.6M	$414.2M	$407.0M	$326.0M	$322.9M	$315.7M	$363.0M	$304.2M	$299.9M
YoY Change	4.77%	-6.39%	28.78%	-14.85%	-6.4%	1.75%	24.87%	0.94%	2.3%	-13.04%	19.33%	1.43%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$416.9M	$397.9M	$425.1M	$330.1M	$387.6M	$414.2M	$407.0M	$326.0M	$322.9M	$315.7M	$363.0M	$304.2M	$299.9M
Cost Of Revenue	$146.1M	$148.7M	$145.2M	$123.9M	$138.7M	$149.3M	$121.5M	$106.8M	$110.0M	$112.1M	$105.1M	$88.80M	$86.00M
Gross Profit	$270.8M	$249.3M	$279.8M	$206.2M	$248.9M	$264.8M	$285.6M	$219.2M	$212.9M	$203.5M	$257.9M	$215.4M	$213.9M
Gross Profit Margin	64.96%	62.64%	65.83%	62.47%	64.21%	63.94%	70.16%	67.24%	65.92%	64.46%	71.05%	70.81%	71.32%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$37.07M	$43.09M	$39.15M	$48.70M	$38.20M	$39.10M	$33.90M	$28.70M	$33.60M	$18.90M	$26.50M	$27.40M	$9.600M
YoY Change	-13.96%	10.05%	-19.61%	27.49%	-2.3%	15.34%	18.12%	-14.58%	77.78%	-28.68%	-3.28%	185.42%
% of Gross Profit	13.69%	17.28%	13.99%	23.62%	15.35%	14.77%	11.87%	13.09%	15.78%	9.29%	10.28%	12.72%	4.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$112.8M	$100.8M	$94.14M	$97.75M	$96.64M	$102.9M	$82.51M	$57.18M	$58.30M	$54.90M	$55.40M	$55.00M	$53.00M
YoY Change	11.89%	7.07%	-3.7%	1.15%	-6.12%	24.76%	44.31%	-1.92%	6.2%	-0.92%	0.73%	3.77%
% of Gross Profit	41.64%	40.43%	33.64%	47.41%	38.83%	38.88%	28.89%	26.08%	27.38%	26.98%	21.48%	25.53%	24.78%
Operating Expenses	$146.0M	$141.5M	$131.5M	$144.8M	$283.8M	$292.3M	$245.3M	$193.0M	$224.9M	$193.2M	$195.8M	$80.50M	$60.50M
YoY Change	3.2%	7.63%	-9.2%	-48.97%	-2.91%	19.17%	27.11%	-14.19%	16.37%	-1.3%	143.21%	33.06%
Operating Profit	$124.8M	$107.8M	$148.4M	$61.40M	-$34.88M	$121.9M	$161.8M	$133.0M	$98.08M	$122.4M	$167.2M	$134.9M	$153.4M
YoY Change	15.8%	-27.36%	141.62%	-276.03%	-128.62%	-24.66%	21.61%	35.63%	-19.9%	-26.78%	23.95%	-12.06%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	-$71.91M	-$57.87M	-$57.58M	-$68.40M	-$56.90M	-$56.50M	-$54.00M	-$51.20M	-$55.40M	-$54.90M	-$55.80M	-$53.80M	-$55.10M
YoY Change	24.25%	0.51%	-15.82%	20.21%	0.71%	4.63%	5.47%	-7.58%	0.91%	-1.61%	3.72%	-2.36%
% of Operating Profit	-57.62%	-53.7%	-38.81%	-111.4%		-46.36%	-33.38%	-38.49%	-56.49%	-44.84%	-33.37%	-39.88%	-35.92%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$277.7M	$50.24M	$109.0M	$58.75M	$117.5M	$120.5M	$72.66M	$97.43M	$42.64M	$67.52M	$111.4M	$71.20M	$88.90M
YoY Change	452.68%	-53.89%	85.44%	-49.99%	-2.49%	65.82%	-25.43%	128.49%	-36.84%	-39.41%	56.51%	-19.91%
Income Tax	$17.80M	$2.903M	$1.139M	-$39.00M	$1.287M	$3.519M	-$278.0K	$804.0K	$1.294M	$1.721M	$2.100M	$1.400M	$1.400M
% Of Pretax Income	6.41%	5.78%	1.05%	-66.37%	1.1%	2.92%	-0.38%	0.83%	3.03%	2.55%	1.88%	1.97%	1.57%
Net Earnings	$248.5M	$46.17M	$102.7M	$93.59M	$109.5M	$105.2M	$67.07M	$90.82M	$38.79M	$65.77M	$109.3M	$69.80M	$87.50M
YoY Change	438.22%	-55.04%	9.72%	-14.55%	4.16%	56.78%	-26.15%	134.15%	-41.03%	-39.83%	56.61%	-20.23%
Net Earnings / Revenue	59.6%	11.6%	24.16%	28.35%	28.25%	25.39%	16.48%	27.86%	12.01%	20.84%	30.11%	22.95%	29.18%
Basic Earnings Per Share	$2.11	$0.39	$0.88	$0.79	$0.91	$0.92	$0.62	$0.91	$0.39	$0.66	$1.10
Diluted Earnings Per Share	$2.11	$0.39	$0.88	$0.79	$0.91	$0.92	$0.61	$0.91	$0.39	$0.66	$1.10	$703.6K	$882.1K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$101.1M	$85.52M	$164.5M	$384.6M	$433.0M	$440.4M	$490.3M	$131.7M	$169.0M	$2.600M	$5.200M	$4.300M
YoY Change	18.25%	-48.01%	-57.23%	-11.18%	-1.68%	-10.18%	272.29%	-22.07%	6400.0%	-50.0%	20.93%
Cash & Equivalents	$101.1M	$85.52M	$164.5M	$384.6M	$433.0M	$440.4M	$490.3M	$131.7M	$169.0M	$2.600M	$5.200M	$4.300M
Short-Term Investments
Other Short-Term Assets	$13.11M	$14.73M	$12.02M	$11.60M	$9.700M	$10.20M	$14.80M	$15.30M	$11.00M	$10.30M	$10.90M	$11.50M
YoY Change	-11.04%	22.55%	3.63%	19.59%	-4.9%	-31.08%	-3.27%	39.09%	6.8%	-5.5%	-5.22%
Inventory			$0.00	$7.100M	$6.600M	$0.00
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$175.0M	$165.0M	$239.2M	$465.4M	$523.2M	$535.5M	$590.9M	$234.7M	$268.8M	$102.1M	$103.2M	$99.90M
YoY Change	6.09%	-31.03%	-48.61%	-11.05%	-2.3%	-9.38%	151.77%	-12.69%	163.27%	-1.07%	3.3%
Property, Plant & Equipment	$2.827B	$2.602B	$2.524B	$2.300B	$2.159B	$2.123B	$2.085B	$1.597B	$1.576B	$1.555B	$1.562B	$1.609B
YoY Change	8.62%	3.12%	9.71%	6.56%	1.67%	1.84%	30.51%	1.39%	1.3%	-0.45%	-2.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$126.8M	$111.4M	$115.7M	$96.30M	$77.50M	$40.60M	$34.10M	$29.70M	$30.30M	$27.60M	$40.30M	$53.60M
YoY Change	13.82%	-3.7%	20.15%	24.26%	90.89%	19.06%	14.81%	-1.98%	9.78%	-31.51%	-24.81%
Total Long-Term Assets	$3.105B	$2.812B	$2.746B	$2.474B	$2.323B	$2.264B	$2.230B	$1.669B	$1.650B	$1.629B	$1.647B	$1.757B
YoY Change	10.39%	2.42%	10.98%	6.5%	2.64%	1.51%	33.57%	1.17%	1.29%	-1.07%	-6.28%
Total Assets	$3.280B	$2.977B	$2.985B	$2.940B	$2.846B	$2.799B	$2.821B	$1.904B	$1.919B	$1.731B	$1.750B	$1.857B
YoY Change
Accounts Payable							$69.60M	$48.80M	$45.30M	$26.90M	$30.50M	$30.90M
YoY Change							42.62%	7.73%	68.4%	-11.8%	-1.29%
Accrued Expenses	$97.47M	$115.8M	$102.8M	$99.70M	$103.4M	$44.50M
YoY Change	-15.86%	12.73%	3.06%	-3.58%	132.36%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$104.7M	$123.9M	$109.4M	$161.5M	$109.2M	$57.00M	$69.60M	$48.80M	$45.30M	$26.90M	$30.50M	$30.90M
YoY Change	-15.45%	13.19%	-32.23%	47.89%	91.58%	-18.1%	42.62%	7.73%	68.4%	-11.8%	-1.29%
Long-Term Debt	$1.734B	$1.695B	$1.690B	$1.591B	$1.546B	$1.550B	$1.565B	$1.198B	$1.234B	$1.278B	$1.201B	$1.251B
YoY Change	2.33%	0.27%	6.27%	2.87%	-0.26%	-0.91%	30.65%	-2.96%	-3.46%	6.45%	-4.03%
Other Long-Term Liabilities	$219.5M	$128.7M	$137.6M	$191.7M	$171.1M	$180.3M	$193.3M	$157.9M	$168.2M	$167.2M	$177.1M	$185.1M
YoY Change	70.5%	-6.43%	-28.23%	12.04%	-5.1%	-6.73%	22.42%	-6.12%	0.6%	-5.59%	-4.32%
Total Long-Term Liabilities	$1.954B	$1.823B	$1.828B	$1.782B	$1.717B	$1.731B	$1.758B	$1.355B	$1.402B	$1.445B	$1.378B	$1.436B
YoY Change	7.14%	-0.24%	2.56%	3.78%	-0.76%	-1.55%	29.69%	-3.34%	-2.99%	4.9%	-4.07%
Total Liabilities	$2.129B	$2.000B	$1.990B	$1.988B	$1.879B	$1.894B	$1.931B	$1.444B	$1.481B	$1.473B	$1.409B	$1.468B
YoY Change	6.43%	0.54%	0.09%	5.83%	-0.83%	-1.9%	33.74%	-2.51%	0.56%	4.54%	-4.01%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	117.5M shares	117.4M shares	117.0M shares	117.7M shares	119.8M shares	113.9M shares	107.1M shares	99.36M shares	99.25M shares	99.25M shares	99.25M shares
Diluted Shares Outstanding	117.6M shares	121.6M shares	121.4M shares	117.9M shares	119.9M shares	114.1M shares	118.4M shares	99.79M shares	99.28M shares	99.25M shares	99.25M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.872 Billion

About Urban Edge Properties

Urban Edge Properties is a real estate investment trust, which engages in the acquisition, development, redevelopment, and management of retail real estate. The company is headquartered in Paramus, New Jersey and currently employs 109 full-time employees. The company went IPO on 2015-01-05. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets. Its portfolio consists of approximately 69 shopping centers, five malls and two industrial parks totaling approximately 17.1 million square feet. Its shopping centers and malls are located in California, Connecticut, New Hampshire, New Jersey, New York, Pennsylvania, South Carolina, Virginia and Maryland, Massachusetts Puerto Rico. Its shopping centers and malls include Walnut Creek, Newington, Baltimore, Glen Burnie, Rockville, Wheaton, Cambridge, Springfield, Salem, Bergen Town Center, Carlstadt, Cherry Hill, Eatontown, Hazlet, Lawnside, Kearny, Montclair, Totowa and Watchung.

Industry: Real Estate Peers: Acadia Realty Trust Site Centers Corp Getty Realty Corp Inventrust Properties Corp Kite Realty Group Trust Macerich Co Retail Opportunity Investments Corp Phillips Edison & Co Inc Realty Income Corp Tanger Inc