NYSE$UE

Urban Edge Properties · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported results for the quarter and year ended December 31, 2019.

Urban Edge Properties reported a net income of $3.5 million, or $0.03 per diluted share, for the fourth quarter of 2019. The company executed 27 new leases, renewals and options totaling 268,000 sf during the quarter. They also purchased three assets for $38 million during the quarter and acquired Kingswood Center and Kingswood Crossing for $165 million.

  • Generated net income of $3.5 million, or $0.03 per diluted share, for the quarter.
  • Generated Funds from Operations applicable to diluted common shareholders (FFO) of $34.8 million, or $0.27 per share, for the quarter.
  • Generated FFO as Adjusted of $36.3 million, or $0.29 per share, for the quarter.
  • Executed 27 new leases, renewals and options totaling 268,000 sf during the quarter.

Headline financials

Total Revenue

$95.9M

Previous: $101M-5.0%
EPS (adj)

$0.29

Previous: $0.32-9.4%
Net debt to total market capitalization

27.0%

No prior period
Net Income

$3.54M

Previous: $6.51M-45.7%
Operating Income

$3.58M

Previous: $30.1M-88.1%
Gross Profit

$62.4M

Previous: $70.2M-11.1%
Cash & Equivalents

$485M

Previous: $440M+10.2%
Total Assets

$2.85B

Previous: $2.8B+1.7%
Stock-Based Comp

$3.28M

Previous: $3.25M+1.0%

Revenue & EPS history

Urban Edge · Revenue · Quarterly

$95.9M

Q4 2019-5%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Urban Edge Properties remains on target to meet the goals outlined in their strategic plan.

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 Q4 2019

Historical avgQ4 2019

+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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