--- title: "Urban Edge Properties | 8-K: FY2026 Q2 Revenue: USD 122.78 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295138696.md" datetime: "2026-08-06T20:17:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295138696.md) - [en](https://longbridge.com/en/news/295138696.md) - [zh-HK](https://longbridge.com/zh-HK/news/295138696.md) generator: "portal-rs" --- # Urban Edge Properties | 8-K: FY2026 Q2 Revenue: USD 122.78 M Revenue: As of FY2026 Q2, the actual value is USD 122.78 M. EPS: As of FY2026 Q2, the actual value is USD 0.14. EBIT: As of FY2026 Q2, the actual value is USD 18.8 M. ### Financial Performance Highlights #### Net Income Attributable to Common Shareholders - For the three months ended June 30, 2026, Net Income Attributable to Common Shareholders was $17,922 thousand, compared to $57,978 thousand for the three months ended June 30, 2025. - For the six months ended June 30, 2026, it was $40,567 thousand, compared to $66,176 thousand for the six months ended June 30, 2025. - The decrease was primarily due to a $49.5 million, or $0.39 per diluted share, gain on sale of real estate in the second quarter of 2025. #### Funds From Operations (FFO) - FFO for the three months ended June 30, 2026, was $53,395 thousand, an increase from $43,779 thousand for the three months ended June 30, 2025. - For the six months ended June 30, 2026, FFO was $109,052 thousand, up from $89,237 thousand for the six months ended June 30, 2025. - This increase was driven by rent commencements on new leases, higher net recovery revenue, lease termination income, and growth from accretive capital recycling. - The six months ended June 30, 2026, FFO also included $8.4 million, or $0.06 per diluted share, in non-recurring reimbursements for environmental remediation costs. #### FFO as Adjusted - FFO as Adjusted for the three months ended June 30, 2026, was $52,267 thousand, compared to $47,252 thousand for the three months ended June 30, 2025. - For the six months ended June 30, 2026, it was $99,836 thousand, up from $93,173 thousand for the six months ended June 30, 2025. - The increase was attributed to similar reasons as FFO, and Urban Edge Properties reported a record FFO as Adjusted of $0.40 per share for the quarter. #### Same-Property Operating Income (NOI) Growth - Same-property NOI growth was 3.2% for the second quarter of 2026 (2Q26) and 2.8% year-to-date (YTD 2026). - Including properties in redevelopment, same-property NOI growth was 3.2% for 2Q26 and 3.0% for YTD 2026. - These increases were primarily due to rent commencements from signed but not open leases, with the three-month increase also benefiting from out-of-period collections on past due rents. ### Operational Metrics #### Occupancy - Consolidated portfolio leased occupancy was 96.6% as of June 30, 2026, marking an increase of 10 basis points compared to June 30, 2025, and 20 basis points compared to March 31, 2026. - Same-property portfolio leased occupancy was 96.3% as of June 30, 2026, which is a decrease of 40 basis points compared to June 30, 2025, and 10 basis points compared to March 31, 2026. #### Leasing Activity - Urban Edge Properties executed 26 new leases, renewals, and options totaling 199,000 square feet during the quarter. - New leases accounted for 120,000 square feet, with 90,000 square feet on a same-space basis, generating an average cash spread of 12.8%. - New leases, renewals, and options on a same-space basis totaled 169,000 square feet and generated an average cash spread of 10.7%. - Signed leases not yet rent commenced are projected to generate an additional $22.0 million of future annual gross rent, representing approximately 7% of current annualized NOI, with about $1.7 million expected in the remainder of 2026. ### Acquisition and Disposition Activity - Urban Edge Properties acquired The Shops at West Falls Church for $40.4 million and a ground lease interest at Shoppers World for $10.7 million. - The company is under contract to sell Briarcliff Commons for $60.5 million. ### Development and Redevelopment - Two redevelopment projects commenced with estimated aggregate costs of $6.7 million. - One project totaling $12.7 million was stabilized, and completed projects over the last 12 months totaled $32.6 million at a blended yield of 25%. - As of June 30, 2026, Urban Edge Properties has $155.0 million in active development and redevelopment projects underway, with estimated remaining costs of $66.7 million, expected to generate an approximate 12% yield. ### Balance Sheet and Liquidity (as of June 30, 2026) - Total liquidity was approximately $957 million, comprising $82 million cash on hand and $875 million available under credit facilities. - Mortgages payable totaled $1.64 billion, with a weighted average term to maturity of 3.3 years, all fixed rate or hedged. - $55 million was drawn on a $700 million unsecured line of credit, with no borrowings on $250 million available delayed-draw term loans. - Total market capitalization was approximately $4.75 billion, consisting of $3.05 billion in common shares and $1.70 billion in debt. - Net debt to total market capitalization stood at 34%. ### Dividend - Urban Edge Properties declared a regular quarterly dividend of $0.21 per common share, payable on September 30, 2026, to shareholders of record on September 15, 2026. ### Corporate Responsibility - Urban Edge Properties achieved a 41% reduction in Scope 1 and Scope 2 greenhouse gas emissions (2015 base year) and is on track for a 50% reduction by 2030. - Water consumption at landlord-controlled properties was reduced by 35% compared to 2021. - Over 7,400 metric tons of materials were recycled in 2025, representing a 37% waste diversion rate. ### Outlook / Guidance Urban Edge Properties has raised its full-year 2026 guidance, now estimating net income of $0.57 to $0.61 per diluted share, FFO of $1.57 to $1.60 per diluted share, and FFO as Adjusted of $1.50 to $1.54 per diluted share. The updated FFO as Adjusted midpoint of $1.52 per diluted share represents an increase of $0.02 from the previous midpoint. This revised outlook is based on assumptions including same-property NOI growth, including properties in redevelopment, of 3.25% to 3.75%, acquisitions of $95 million, and dispositions of $60.5 million. ### Related Stocks - [UE.US](https://longbridge.com/en/quote/UE.US.md) ## Related News & Research - [Urban Edge Properties $UE Shares Sold by Arrowstreet Capital Limited Partnership](https://longbridge.com/en/news/295294082.md) - [Will Urban Edge’s (UE) Higher 2026 Guidance Despite Lower EPS Redraw Its Investment Narrative?](https://longbridge.com/en/news/295532010.md) - [Urban Edge 2Q26 net income drops to 17,922; revenue rises 7.65% to 122.78 million](https://longbridge.com/en/news/295141705.md) - [Urban Edge Properties Q2 Earnings Call Highlights](https://longbridge.com/en/news/295324938.md) - [05:08 ETxTool présente le X1, une plateforme laser tout-en-un de nouvelle génération conçue pour allier vitesse, grande capacité et polyvalence](https://longbridge.com/en/news/297294952.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**