NYSE$UE

Urban Edge Properties · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported second quarter results with positive momentum in leasing activity.

Urban Edge Properties reported positive second quarter results, driven by strength in the retail industry and higher leasing volumes. Net income attributable to common shareholders was $12.5 million, or $0.11 per diluted share. Same-property NOI increased by 23.9%.

  • Net income attributable to common shareholders was $12.5 million, or $0.11 per diluted share.
  • FFO as Adjusted was $34.5 million, or $0.28 per share.
  • Same-property NOI increased by 23.9%.
  • Consolidated portfolio leased occupancy of 89.8%.

Headline financials

Total Revenue

$94M

Previous: $73.6M+27.7%
EPS (adj)

$0.28

Previous: $0.18+55.6%
Same-property portfolio leased occupancy

92.0%

No prior period
Consolidated portfolio leased occupancy

89.8%

No prior period
Same-property NOI growth

23.9%

No prior period
Net debt to total market capitalization

31.0%

No prior period
Capital Expenditures

-$19.4M

No prior period
Free Cash Flow

-$6.81M

No prior period
Net Income

$12.5M

Previous: $32.5M-61.4%
Operating Income

$2.21M

Previous: $18.9M-88.3%
Gross Profit

$27.6M

Previous: $46.8M-41.1%
Cash & Equivalents

$321M

Previous: $616M-47.8%
Total Assets

$2.87B

Previous: $3.13B-8.3%
Stock-Based Comp

$2.73M

Previous: $8.61M-68.3%

Revenue & EPS history

Urban Edge · Revenue · Quarterly

$94M

Q2 2021+27.7%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.6%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+0.2%

Avg return

30 days after

51%

25 / 49 earnings

Positive

+10.1%

Q3 2023

Best reaction

-5.4%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.8%-2.1%+1.4%
Q4 2025-1.7%-1.3%-2.4%
Q3 2025-3.0%-6.2%-5.3%
Q1 2025-1.8%+0.1%-1.4%
Q4 2024+2.1%-0.0%-11.1%
Q3 2024+0.5%+1.0%+4.0%
Q2 2024-2.5%-6.1%+2.1%
Q1 2024-0.2%+0.5%+4.2%
Q4 2023-0.1%-1.1%-6.0%
Q3 2023+10.1%+15.3%+13.6%
Q2 2023+1.7%+0.8%-4.7%
Q1 2023-1.0%-2.0%+2.9%
Q4 2022+0.3%-0.4%-13.2%
Q3 2022+4.3%+4.3%+11.2%
Q2 2022+1.3%+3.2%+0.2%
Q1 2022-2.2%-8.8%-5.4%
Q4 2021+4.7%+3.7%+7.9%
Q3 2021+1.1%+0.7%-4.9%
Q2 2021+1.9%+0.9%+1.1%
Q1 2021+0.5%+2.3%+6.5%
Q4 2020-1.0%+2.9%+4.3%
Q3 2020-5.4%+33.2%+40.2%
Q2 2020+4.6%+11.5%+12.9%
Q1 2020+4.7%-5.4%-11.2%
Q4 2019-1.9%-1.0%-25.6%
Q3 2019-0.3%+2.4%-2.1%
Q2 2019-0.3%-3.6%+3.9%
Q1 2019-2.5%-0.8%-7.1%
Q4 2018-1.8%-1.4%-8.9%
Q3 2018-1.1%-2.3%-5.2%
Q2 2018-0.4%-1.1%+0.8%
Q1 2018-2.3%-0.3%+4.2%
Q4 2017+2.0%+4.1%+1.0%
Q3 2017+6.2%+1.7%+9.5%
Q2 2017-2.8%+0.4%+0.3%
Q1 2017-1.6%-3.8%-8.3%
Q4 2016+1.8%+3.2%-5.3%
Q3 2016-0.4%+1.4%+7.3%
Q2 2016-0.7%-0.1%-1.7%
Q1 2016+3.1%
Q4 2013+0.6%
Q4 2015-0.6%
Q3 2015+1.7%
Q3 2014+1.7%
Q2 2015+1.7%
Q2 2014+1.7%
Q4 2014+2.4%
Q1 2015+2.4%
Q1 2014+2.4%
Q3 2013
Q2 2013
Q1 2013

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