Urban Edge Properties (NYSE: UE) shares strengthened Wednesday, having announced its results for the quarter and year ended December 31, 2025 and provided its initial outlook for full-year 2026.
“Urban Edge delivered an exceptional 2025,” said CEO Jeff Olson. “We signed over 360,000 sf of new leases during the year, generating record cash spreads of 32% and achieving record high shop occupancy of 92.6%.
“Our strong operating results drove a 6% increase in FFO as Adjusted per share over the prior year, ahead of our target. As a result of the higher earnings and taxable income, we are increasing our dividend by 11%.”
“Looking ahead, Urban Edge has entered 2026 in an excellent position.”
Net income for the quarter ended December 31, 2025 decreased as compared to 2024 due to a $23.5 million, or $0.18 per diluted share, gain on sale of real estate related to the sale of a single-tenant property in 2024.
Net income for the year ended December 31, 2025 increased as compared to the prior year driven by higher rental revenues, higher net recoveries and gains recognized on the sale of real estate in 2025.
UE shares tacked on 46 cents, or 2.2%, to $21.50.
