One-glance verdict
Overvalued
$1.06 our estimate vs market $19.51
Wall Street consensus: $23.50 (2,125.1% higher than our fair-value estimate)
1747% above our estimate, beyond the bull case
Fundamentals snapshot
Urban Edge Properties
UE · NYQ · Real Estate · REIT - Retail
Current price
$19.51
52-week range
$18.46 - $24.11
Market cap
$2.69B
Balance sheet
Stretched
1.73x Concerning
Net debt $1.69B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
3 Risks
3 rewards · 3 risks
- Reward Revenue grew 3.1% last year.
- Reward Returns 5.1% on equity, ahead of 16% of its peers.
- Risk Forward P/E (38.3x) is higher than trailing (36.8x) - earnings are expected to drop.
- Risk Stock trades 38.2% above its 5-year average P/E.
What this company does
Urban Edge Properties
Urban Edge Properties owns and manages shopping centers, mostly in cities along the East Coast from Washington D.C. to Boston. Think of them like landlords for stores, collecting rent from businesses that operate in their properties. This rent collection is their main way of making money, and how much rent they collect and their costs to keep the properties running (their operating margins) are key to understanding if they are doing well.
How the company got here
Urban Edge Properties (UE) was established in 2014 and is a real estate investment trust (REIT). REITs are companies that own, operate, or finance income-generating real estate, allowing individuals to invest in large-scale properties. UE specifically focuses on retail properties located in urban areas, primarily along the busy corridor from Washington, D.C. to Boston. The company was incorporated in Maryland and is listed on the New York Stock Exchange, meaning its shares can be bought and sold by the public. UE's strategy involves owning, managing, acquiring, developing, and redeveloping these retail spaces to generate income.
What it actually does
Urban Edge Properties owns and manages shopping centers and retail spaces in densely populated urban neighborhoods. Think of them as the landlords for many of the stores you see in city centers. They lease these spaces to various businesses, from small local shops to larger retail chains. The rent collected from these tenants is the primary way Urban Edge Properties makes money. They also work on developing new properties or redeveloping existing ones to make them more attractive to shoppers and businesses, aiming to increase the value and rental income from their portfolio.
Retail Properties
This is the core business of Urban Edge Properties, where they own and operate a portfolio of 74 retail properties. These properties are spread across approximately 16.0 million square feet of leasable space, meaning the total area available for tenants to rent. The company's focus is on urban communities, which are typically areas with high population density and consistent consumer traffic. By owning these well-located retail spaces, Urban Edge Properties generates revenue through rental income from the diverse mix of businesses that occupy these locations.
What management is betting on now
Urban Edge Properties is focused on strategically growing its portfolio of urban retail properties. Management is likely prioritizing acquiring new properties in desirable urban locations and redeveloping existing ones to enhance their appeal and profitability. This strategy aims to capitalize on the consistent demand for retail space in densely populated areas. By carefully managing and improving their properties, they seek to increase rental income and property values, ultimately driving returns for their investors.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q2
$19.87M
FY2024 Q3
$12.17M
FY2024 Q4
$7.79M
FY2025 Q1
$11.85M
FY2025 Q2
$19.64M
FY2025 Q3
$26.12M
FY2025 Q4
$24.19M
FY2026 Q1
$-1.42M
Revenue
$132.62M
Net income
$22.64M
Diluted EPS
0.18
Operating cash flow
$39.12M
Free cash flow
$-1.42M
Fetching…
Sources
Revenue
$119.56M
Net income
$12.42M
Diluted EPS
0.09
Operating cash flow
$50.98M
Free cash flow
$24.19M
Fetching…
Sources
Revenue
$120.13M
Net income
$14.94M
Diluted EPS
0.12
Operating cash flow
$55.70M
Free cash flow
$26.12M
Fetching…
Sources
Revenue
$114.08M
Net income
$57.98M
Diluted EPS
0.46
Operating cash flow
$43.46M
Free cash flow
$19.64M
Fetching…
Sources
Revenue
$118.17M
Net income
$8.20M
Diluted EPS
0.07
Operating cash flow
$32.58M
Free cash flow
$11.85M
Fetching…
Sources
Revenue
$116.37M
Net income
$30.12M
Diluted EPS
0.25
Operating cash flow
$52.44M
Free cash flow
$7.79M
Fetching…
Sources
Revenue
$112.43M
Net income
$9.08M
Diluted EPS
0.07
Operating cash flow
$36.58M
Free cash flow
$12.17M
Fetching…
Sources
Revenue
$106.55M
Net income
$30.76M
Diluted EPS
0.26
Operating cash flow
$41.24M
Free cash flow
$19.87M
Fetching…
Sources
Is it cheap or expensive?
Fair value $1.06 vs current price $19.51
Wall Street consensus is the average analyst price target: $23.50 (2,125.1% higher than our fair-value estimate).
Our most-likely fair value is $1.06 a share — about 94.6% below today's price of $19.51, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Stretched
Net debt $1.7B. Interest coverage 1.7x.
Net debt
$1.69B
Interest coverage
1.73x
Urban Edge Properties's profit covers its interest bill about 1.7 times over. which is weaker than most peers shown here.
Stretched
Worse cushion
Baseline
Better cushion
UE
BASELINE
Urban Edge Properties
Total debt $1.74B Interest coverage 1.73x This is the baseline the peer rows are being compared against.
Total debt $8.86B Interest coverage 2.17x +26% vs UE Carries about 1.3x more debt cushion than UE.
Total debt $5.14B Interest coverage 2.82x +63% vs UE Carries about 1.6x more debt cushion than UE.
Total debt $5.38B Interest coverage 2.24x +30% vs UE Carries about 1.3x more debt cushion than UE.
Total debt $2.45B Interest coverage 1.79x +4% vs UE Has roughly the same debt cushion as UE.
Total debt $3.85B Interest coverage 2.58x +49% vs UE Carries about 1.5x more debt cushion than UE.
What you should know
The case for and against UE
3 Rewards
3 Risks
Rewards
-
Revenue grew 3.1% last year.
-
Returns 5.1% on equity, ahead of 16% of its peers.
-
Free cash flow was positive in 8/10 years.
Risks
-
Forward P/E (38.3x) is higher than trailing (36.8x) - earnings are expected to drop.
-
Stock trades 38.2% above its 5-year average P/E.
-
Insider ownership is only 0.1% (peer median: 0.9%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
36.81x
Forward P/E
38.25x
P/B
1.92x
P/S
5.52x
EV/EBITDA
15.77x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
64.7%
Operating margin
31.4%
Net margin
13.9%
ROE
5.1%
ROA
2.8%
Health
Liquidity and balance-sheet strength
Debt / equity
1.27x
Current ratio
0.69x
Quick ratio
0.50x
Total debt
$1.74B
Total cash
$58.26M
Growth
How the business has been compounding
Revenue TTM
$486.39M
Revenue 5Y CAGR
2.6%
EPS TTM
0.53
EPS 5Y CAGR
23.8%
Cash flow
How much cash the business throws off
Operating CF TTM
$189.26M
Free CF TTM
$81.80M
FCF margin
16.8%
Dividend
Shareholder payout
Yield
4.3%
Payout ratio
150.9%
Last ex-div date
2026-09-15