Urban Edge PropertiesNYSE: UE

Urban Edge Properties is a shopping center REIT focused on the corridor between Washington D.C. and Boston, with strong growth potential. The REIT achieved impressive growth through acquisitions at attractive spreads, leading to solid FFO and AFFO growth ahead. Urban Edge Properties has strong tenants, a growth pipeline, and a solid balance sheet with ample liquidity, despite higher net debt to EBITDA compared to peers.

NEW YORK--(BUSINESS WIRE)--Urban Edge Properties Announces Release of 2023 Corporate Responsibility Report.

NEW YORK--(BUSINESS WIRE)--Urban Edge Properties Invites You to Join Its Second Quarter 2024 Earnings Conference Call.

Urban Edge Properties (UE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Urban Edge is a quality real estate pick that's given market-beating returns over the past year. The company benefits from its locations in population-dense first-ring suburbs of metro New York City and low retail supply competition. It's effectively recycling capital and has made material property acquisitions that should drive results in 2024.

Urban Edge Properties (UE) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

NEW YORK--(BUSINESS WIRE)--Urban Edge Properties Invites You to Join Its Fourth Quarter 2023 Earnings Conference Call.

Urban Edge Properties is expected to deliver a redevelopment pipeline worth $196.5 million, increasing capacity in 2023, 2024, and 2025. The company is working with well-known brands, and most tenants are large organizations. The recent focus on ESG investing may attract more funds to invest in Urban Edge Properties.

Urban Edge is a retail REIT that operates an attractive portfolio with a resilient tenant base in a market with favorable supply/demand dynamics. Its debt is manageable and potential rent growth can be supported in the near term. The dividend may appear unsafe, but a closer look at the payment record and the current and historical payout ratio says otherwise.