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Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate. Specifically in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 73 properties totaling 17.2 million square feet of gross leasable area. Urban Edge Properties was incorporated in 2014.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $472M | $313M | $94M | $183M | 7.3% | 6.1% | 28.9% |
| 2024 | $445M | $305M | $73M | $153M | 5.7% | 6.7% | -70.8% |
| 2023 | $417M | $457M | $248M | $163M | 21.6% | 4.8% | 438.2% |
| 2022 | $398M | $204M | $46M | $140M | 4.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 397.94 | 416.92 | 444.97 | 471.94 |
| Cost Of Revenue | - | 136.20 | 133.45 | 147.43 | 152.86 |
| Gross Profit | - | 261.74 | 283.47 | 297.54 | 319.07 |
| Operating Expense | - | 153.98 | 158.68 | 201.03 | 192.31 |
| Operating Income | - | 107.76 | 124.79 | 96.51 | 126.76 |
| EBITDA | - | 204.23 | 457.48 | 305.48 | 312.59 |
| EBIT | - | 105.80 | 348.50 | 155.09 | 173.42 |
| Pretax Income | - | 50.24 | 277.68 | 77.83 | 100.11 |
| Tax Provision | - | 2.90 | 17.80 | 2.39 | 2.60 |
| Net Income | - | 46.17 | 248.50 | 72.56 | 93.54 |
| Net Income Common Stockholders | - | 46.15 | 248.30 | 72.50 | 93.48 |
| Total Expenses | - | 290.18 | 292.14 | 348.46 | 345.17 |
| Interest Expense | - | 55.56 | 70.82 | 77.26 | 73.31 |
| Interest Income | - | 1.11 | 3.04 | 2.67 | 2.77 |
| Selling General And Administration | - | 55.55 | 49.70 | 50.64 | 53.14 |
| Normalized EBITDA | - | 203.88 | 232.68 | 245.24 | 263.43 |
| Normalized Income | - | 45.84 | 38.11 | 14.17 | 45.65 |
| Market Cap | 3,035.97 | 3,035.97 | 3,035.97 | 3,035.97 | 3,035.97 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Urban Edge Propertiesthis co. | UE | $2.7B | 32.46↑ premium | 2.36 | 7.3% | 14.89 |
| Cushman & Wakefield Limited | CWK | $3.3B | 38.12 | 1.72 | 4.5% | 10.70 |
| LXP Industrial Trust | LXP | $3.2B | 26.43 | 1.54 | 5.8% | 10.46 |
| Apple Hospitality REIT, Inc. | APLE | $3.1B | 17.75 | 0.99 | 5.6% | 10.56 |
| Curbline Properties Corp. | CURB | $3.0B |
| - |
| - |
| - |
| - |
| - |
| 74.46 |
| 1.55 |
| 2.1% |
| 24.85 |
| Highwoods Properties, Inc. | HIW | $2.6B | 16.50 | 1.12 | 6.8% | 10.10 |
| Four Corners Property Trust, Inc. | FCPT | $2.6B | 24.84 | 1.71 | 6.9% | 17.72 |
| Uniti Group Inc. | UNIT | $2.4B | 2.23 | 7.64 | 343.1% | 5.31 |
| DiamondRock Hospitality Company | DRH | $2.4B | 20.62 | 1.44 | 7.0% | 11.69 |
| Peer Median | - | 22.73 | 1.55 | 6.3% | 10.63 | |