Urban Edge Properties

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $326.0m $407.0m $414.2m $387.6m $330.1m $425.1m $397.9m $416.9m $445.0m $471.9m
Revenues:
Operating Costs and Expenses $277.6m $277.2m $290.2m $326.2m $348.5m $345.5m
Operating Expenses $193.0m $245.3m $292.3m $283.8m
Operating Income (Loss) $133.0m $161.8m $121.9m
Additional Financial Items
Operating Lease, Lease Income $384.4m $328.3m $422.5m $396.4m $406.1m $444.5m $470.7m
Amortization of Intangible Assets $2.0m $9.3m $15.1m $8.8m $10.2m $8.6m $10.9m $13.5m $30.3m $26.3m
Gain (Loss) Related to Litigation Settlement ($300k)
Investment Income, Interest $679k $2.2m $8.3m $9.8m $2.6m $360k $1.1m $3.0m $2.7m $2.8m
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $114k $155k $184k $92k $62k $47k $23k $200k $65k $58k
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $97.4m $72.7m $120.5m $117.5m $58.8m $109.0m $50.2m $277.7m $77.8m $100.1m
Net Income (Loss) Attributable to Parent $90.8m $67.1m $105.2m $109.5m $93.6m $102.7m $46.2m $248.5m $72.6m $93.5m
Net Income (Loss) Available to Common Stockholders, Basic $90.7m $66.9m $105.0m $109.4m $93.5m $102.6m $46.1m $248.3m $72.5m $93.5m
Net Income (Loss) Attributable to Noncontrolling Interest $5.8m $5.9m $11.8m $6.7m $4.2m $5.1m $1.2m $11.4m $2.9m $4.0m
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest $3k $44k $45k ($25k) $1k $833k ($726k) ($520k) ($1.1m) ($1.0m)
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable $5.8m $5.8m $11.8m $6.7m $4.2m $4.3m $1.9m $11.9m $4.0m $5.0m
Earnings Per Share, Basic $0.91 $0.62 $0.92 $0.91 $0.79 $0.88 $0.39 $2.11 $0.60 $0.74
Earnings Per Share, Diluted $0.91 $0.61 $0.92 $0.91 $0.79 $0.88 $0.39 $2.11 $0.60 $0.74
Common Stock, Dividends, Per Share, Declared $0.82 $0.88 $0.88 $0.88 $0.68 $0.60 $0.64 $0.64 $0.68 $0.76
Weighted Average Number of Shares Outstanding, Basic 99.4m 107.1m 113.9m 119.8m 117.7m 117.0m 117.4m 117.5m 121.3m 125.7m
Weighted Average Number of Shares Outstanding, Diluted 99.8m 118.4m 114.1m 119.9m 117.9m 121.4m 121.6m 117.6m 121.4m 125.9m
General and Administrative Expense $27.4m $30.4m $35.0m $38.2m $48.7m $39.2m $43.1m $37.1m $37.5m $40.0m
Business Combination, Acquisition Related Costs $1.2m
Current Income Tax Expense (Benefit) $609k $696k $815k $917k $5.8m ($1.1m) $99k $4.1m $2.5m $260k
Environmental Remediation Expense $1.4m
Interest Expense, Debt $49.1m $53.3m $62.0m $63.8m $68.2m $54.9m $55.6m $70.8m $77.3m $73.3m
Operating Lease, Expense $700k $700k $12.9m $12.5m $12.6m $13.2m $13.2m
Other Cost and Expense, Operating $349k
Real Estate Tax Expense $51.4m $59.7m $63.7m $60.2m $60.0m $63.8m $61.9m $64.9m $68.7m $66.4m
Income Tax Expense (Benefit) $804k ($278k) $3.5m $1.3m ($39.0m) $1.1m $2.9m $17.8m $2.4m $2.6m