Urban Edge (UE) Q1 2026 Earnings Transcript

Urban Edge Properties (UE) reported a 3% growth in FFO per share at $0.36, with a 2.8% increase in same-property NOI. The company leased 419,000 square feet, achieving a 52% cash spread. They completed the acquisition of The Village at Bridgewater Commons for $54 million and raised 2026 FFO guidance to $1.48-$1.52 per share. The liquidity position remains strong at nearly $1 billion. The signed but not open pipeline represents $22 million in annual gross rent, supporting future growth. Bad debt issues were isolated, and tenant demand among national retailers remains robust.