Urban Edge Properties (UE) FY2025 10-K Annual Report
Urban Edge Properties (UE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 11, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Urban Edge Properties FY2025 10-K Analysis
Business Overview
- • Core business model: Ownership, management, acquisition, development, and redevelopment of retail real estate
- • Portfolio includes 69 shopping centers, 2 outlet centers, and 2 malls totaling 17.2 million sf gross leasable area
- • Consolidated occupancy rate at 90.1%, reflecting portfolio utilization
- • Primary geographic focus on Washington, D.C. to Boston corridor
- • Filing emphasizes structure with Urban Edge Properties LP as majority-owned subsidiary holding all assets
Management Discussion & Analysis
- • Same-property NOI $241.6M, up 4.3% YoY; including redevelopment properties $267.1M, up 5.0% YoY
- • Net income $97.5M vs $75.4M, FFO stable at $186.4M vs $186.7M; NOI $289.6M vs $273.3M
- • Best segment: same-property NOI growth $10.0M (+4.3%); no distinct worst segment detailed
- • Dividends $0.76/share annually; unsecured line of credit $800M, $0 drawn, amended to $700M with $250M new term loans
- • Management extended credit facility maturity to 2030; maintaining REIT status and liquidity focus; risks include tenant payment ability and market conditions
Risk Factors
- • Regulatory risk from loan modification under commercial mortgage-backed securities, including $1.0 million loss on Shops at Caguas loan modification
- • Macroeconomic exposure from increased common area maintenance and utilities expenses by $6.6 million impacting property operating costs
- • Operational risk in redevelopment projects causing $20.3 million accelerated depreciation on buildings taken out of service in 2024
- • Market disruption risk from foreclosed Kingswood Center leading to $2.9 million interest expense decrease and $21.7 million 2024 debt extinguishment gain
- • Financial risk due to new financings and refinancings raising interest and debt expense by $4.9 million since Q4 2024
Urban Edge Properties FY2025 Key Financial MetricsXBRL
Revenue
$472M
▲ +6.1% YoY
Net Income
$94M
▲ +28.9% YoY
Net Margin
19.8%
▲ +351bp YoY
ROE
6.8%
▲ +147bp YoY
Total Assets
$3.3B
▲ +0.0% YoY
EPS (Diluted)
$0.74
▲ +23.3% YoY
Operating Cash Flow
$183M
▲ +19.3% YoY
Source: XBRL data from Urban Edge Properties FY2025 10-K filing on SEC EDGAR. All figures in USD.
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