NYSE$UE
Urban Edge Properties · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Urban Edge Properties reported results for the quarter and year ended December 31, 2020.
Urban Edge Properties reported a net income attributable to common shareholders of $19.0 million, or $0.16 per diluted share, for the quarter. The company's same-property NOI declined by 16.6% compared to the fourth quarter of 2019, impacted by uncollectible rental revenue due to the COVID-19 pandemic. However, the company maintains a strong liquidity position with approximately $1 billion available.
- Net income attributable to common shareholders was $19.0 million, or $0.16 per diluted share.
- Funds from Operations (FFO) applicable to diluted common shareholders was $49.0 million, or $0.40 per share.
- Same-property Net Operating Income (NOI) declined by 16.6% due to uncollectible rental revenue.
- The company acquired Sunrise Mall in Massapequa, NY for $29.7 million.
Headline financials
Revenue & EPS history
Urban Edge · Revenue · Quarterly
$87.3M
Forward guidance
Company has $132.4 million of active redevelopment projects under way, of which $86.6 million remains to be funded. These projects are expected to generate an approximate 8% unleveraged yield.
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 2020
+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
| Quarter | Report date | Reaction (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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