Urban Edge Properties (UE) Stock: Why Its Trending Today

By Amit Chowdhry ● Feb 18, 2022
  • The Urban Edge Properties (NYSE: UE) stock is trending today. This is why.

The Urban Edge Properties (NYSE: UE) stock is trending today. And the company stock price fell 1.93% in the most recent trading session.

Investors surprisingly responded negatively to the company’s fourth-quarter results. Urban Edge Properties reported a Q4 EPS of $0.36, which was $0.29 better than analyst estimates of $0.07. And the revenue for the quarter was $128.6 million compared to the consensus estimate of $68.65 million.

The Generated Funds from Operations applicable to diluted common shareholders (FFO) were $67.8 million, or $0.56 per share, for the quarter compared to $49 million, or $0.40 per share, for the fourth quarter of 2020. And for the year ended December 31, 2021, FFO increased to $180.3 million, or $1.48 per share, from $156.3 million, or $1.27 per share, for the year ended December 31, 2020.

The Generated FFO as Adjusted was $33.1 million, or $0.27 per share, for the quarter compared to $28 million, or $0.23 per share, for the fourth quarter of 2020. And for the year ended December 31, 2021, FFO as Adjusted increased to $133.5 million, or $1.09 per share, compared to $107.5 million, or $0.88 per share, for the year ended December 31, 2020.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.