Loading...

Urban Edge Properties

MUN:3UE
Snowflake Description

Average dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3UE
MUN
$2B
Imp Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. The last earnings update was 18 days ago. More info.


Add to Portfolio Compare Print
3UE Share Price and Events
7 Day Returns
3.1%
MUN:3UE
1.1%
DE REITs
-0.2%
DE Market
1 Year Returns
-8.1%
MUN:3UE
-3%
DE REITs
-10.3%
DE Market
3UE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Urban Edge Properties (3UE) 3.1% -1.1% -8.7% -8.1% -33.9% -
DE REITs 1.1% 1.3% 10.3% -3% 1.6% 14.4%
DE Market -0.2% -2.4% 4.2% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • 3UE underperformed the REITs industry which returned -3% over the past year.
  • 3UE outperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
3UE
Industry
5yr Volatility vs Market

Value

 Is Urban Edge Properties undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Urban Edge Properties to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Urban Edge Properties.

MUN:3UE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MUN:3UE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.52
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.523 (1 + (1- 21%) (71.23%))
0.877
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.877 * 5.96%)
5.46%

Discounted Cash Flow Calculation for MUN:3UE using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Urban Edge Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Urban Edge Properties is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

MUN:3UE DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 5.46%)
2019 129.51 Analyst x1 122.81
2020 136.95 Analyst x2 123.14
2021 153.97 Analyst x1 131.29
2022 163.47 Est @ 6.17% 132.18
2023 170.65 Est @ 4.39% 130.84
2024 176.01 Est @ 3.14% 127.97
2025 180.00 Est @ 2.27% 124.10
2026 182.98 Est @ 1.66% 119.63
2027 185.22 Est @ 1.23% 114.83
2028 186.94 Est @ 0.93% 109.90
Present value of next 10 years cash flows $1,236.69
MUN:3UE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $186.94 × (1 + 0.23%) ÷ (5.46% – 0.23%)
$3,583.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,583.96 ÷ (1 + 5.46%)10
$2,106.95
MUN:3UE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,236.69 + $2,106.95
$3,343.64
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,343.64 / 127.52
$25.61
MUN:3UE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in MUN:3UE represents 0.87515x of NYSE:UE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87515x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 25.61 x 0.87515
€22.41
Value per share (EUR) From above. €22.41
Current discount Discount to share price of €15.81
= -1 x (€15.81 - €22.41) / €22.41
29.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Urban Edge Properties is available for.
Intrinsic value
29%
Share price is €15.81 vs Future cash flow value of €22.41
Current Discount Checks
For Urban Edge Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Urban Edge Properties's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Urban Edge Properties's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Urban Edge Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Urban Edge Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MUN:3UE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.96
NYSE:UE Share Price ** NYSE (2019-05-17) in USD $18.07
Europe REITs Industry PE Ratio Median Figure of 125 Publicly-Listed REITs Companies 12.37x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Urban Edge Properties.

MUN:3UE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:UE Share Price ÷ EPS (both in USD)

= 18.07 ÷ 0.96

18.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Urban Edge Properties is overvalued based on earnings compared to the Europe REITs industry average.
  • Urban Edge Properties is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Urban Edge Properties's expected growth come at a high price?
Raw Data
MUN:3UE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-12%per year
Europe REITs Industry PEG Ratio Median Figure of 63 Publicly-Listed REITs Companies -0.07x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

MUN:3UE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.84x ÷ -12%

-1.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Urban Edge Properties earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Urban Edge Properties's assets?
Raw Data
MUN:3UE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $7.91
NYSE:UE Share Price * NYSE (2019-05-17) in USD $18.07
Europe REITs Industry PB Ratio Median Figure of 149 Publicly-Listed REITs Companies 0.99x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
MUN:3UE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:UE Share Price ÷ Book Value per Share (both in USD)

= 18.07 ÷ 7.91

2.29x

* Primary Listing of Urban Edge Properties.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Urban Edge Properties is overvalued based on assets compared to the Europe REITs industry average.
X
Value checks
We assess Urban Edge Properties's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Urban Edge Properties has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Urban Edge Properties expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-12%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Urban Edge Properties expected to grow at an attractive rate?
  • Urban Edge Properties's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Urban Edge Properties's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Urban Edge Properties's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
MUN:3UE Future Growth Rates Data Sources
Data Point Source Value (per year)
MUN:3UE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -12%
MUN:3UE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.6%
Europe REITs Industry Earnings Growth Rate Market Cap Weighted Average 6.2%
Europe REITs Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MUN:3UE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MUN:3UE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 406 79 2
2020-12-31 391 62 3
2019-12-31 386 58 3
MUN:3UE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 413 132 110
2018-12-31 414 137 105
2018-09-30 411 132 84
2018-06-30 393 151 77
2018-03-31 380 155 37
2017-12-31 407 158 67
2017-09-30 393 153 100
2017-06-30 379 154 102
2017-03-31 369 142 123
2016-12-31 326 137 91
2016-09-30 323 137 87
2016-06-30 323 142 87

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Urban Edge Properties's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Urban Edge Properties's revenue is expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MUN:3UE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Urban Edge Properties Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:3UE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.62 0.62 0.62 1.00
2020-12-31 0.51 0.57 0.44 2.00
2019-12-31 0.48 0.48 0.48 1.00
MUN:3UE Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.96
2018-12-31 0.92
2018-09-30 0.74
2018-06-30 0.68
2018-03-31 0.33
2017-12-31 0.62
2017-09-30 0.97
2017-06-30 1.02
2017-03-31 1.23
2016-12-31 0.91
2016-09-30 0.88
2016-06-30 0.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Urban Edge Properties is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Urban Edge Properties's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Urban Edge Properties has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Urban Edge Properties performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Urban Edge Properties's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Urban Edge Properties's year on year earnings growth rate has been positive over the past 5 years.
  • Urban Edge Properties's 1-year earnings growth exceeds its 5-year average (196.4% vs 16.1%)
  • Urban Edge Properties's earnings growth has exceeded the Europe REITs industry average in the past year (196.4% vs 6.9%).
Earnings and Revenue History
Urban Edge Properties's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Urban Edge Properties Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:3UE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 412.84 109.83 42.06
2018-12-31 414.16 104.97 39.12
2018-09-30 410.61 84.15 34.00
2018-06-30 392.50 77.15 33.71
2018-03-31 380.03 37.06 32.95
2017-12-31 407.04 66.92 33.64
2017-09-30 393.14 100.23 31.46
2017-06-30 379.02 102.32 30.62
2017-03-31 368.97 122.59 29.91
2016-12-31 325.98 90.70 30.06
2016-09-30 323.12 86.90 28.80
2016-06-30 322.97 86.52 28.84
2016-03-31 322.23 68.84 28.04
2015-12-31 322.95 38.76 26.47
2015-09-30 322.13 39.76 23.37
2015-06-30 318.72 34.54 21.19
2015-03-31 316.83 36.40 18.88
2014-12-31 315.68 65.77 18.85
2014-09-30 312.47 46.81 15.18
2014-06-30 308.87 49.36 15.89
2014-03-31 308.08 47.91 18.42
2013-12-31 303.40 109.31 20.04
2012-12-31 304.23 69.84 20.96

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Urban Edge Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Urban Edge Properties used its assets less efficiently than the DE REITs industry average last year based on Return on Assets.
  • Urban Edge Properties's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Urban Edge Properties's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Urban Edge Properties has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Urban Edge Properties's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Urban Edge Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Urban Edge Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Urban Edge Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Urban Edge Properties's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Urban Edge Properties Company Filings, last reported 1 month ago.

MUN:3UE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,006.09 1,641.39 416.67
2018-12-31 1,005.98 1,550.24 440.43
2018-09-30 1,023.25 1,551.00 449.31
2018-06-30 1,021.93 1,551.79 500.93
2018-03-31 987.43 1,552.54 462.77
2017-12-31 990.54 1,564.54 490.28
2017-09-30 1,032.07 1,408.07 380.40
2017-06-30 884.07 1,412.40 248.41
2017-03-31 577.21 1,256.96 110.97
2016-12-31 496.12 1,197.51 131.65
2016-09-30 493.78 1,201.47 149.70
2016-06-30 488.26 1,205.28 156.67
2016-03-31 471.48 1,230.35 162.35
2015-12-31 471.45 1,233.98 168.98
2015-09-30 478.92 1,246.16 197.34
2015-06-30 479.00 1,250.03 193.36
2015-03-31 482.08 1,253.89 199.01
2014-12-31 258.86 1,278.18 2.60
2014-09-30 376.77 1,292.08 132.83
2014-06-30 367.83 1,185.30 5.88
2014-03-31 370.47 1,188.83 5.98
2013-12-31 341.58 1,200.76 5.22
2012-12-31 389.89 1,251.23 4.35
  • Urban Edge Properties's level of debt (163.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (320.9% vs 163.1% today).
  • Debt is not well covered by operating cash flow (8.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Urban Edge Properties's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Urban Edge Properties has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Urban Edge Properties's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.87%
Current annual income from Urban Edge Properties dividends. Estimated to be 5.17% next year.
If you bought €2,000 of Urban Edge Properties shares you are expected to receive €97 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Urban Edge Properties's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Urban Edge Properties's dividend is above the markets top 25% of dividend payers in Germany (3.81%).
Upcoming dividend payment

Purchase Urban Edge Properties before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MUN:3UE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe REITs Industry Average Dividend Yield Market Cap Weighted Average of 119 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

MUN:3UE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.93 2.00
2020-12-31 0.93 3.00
2019-12-31 0.95 1.00
MUN:3UE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-08 0.880 4.870
2019-02-28 0.880 4.685
2018-11-06 0.880 4.571
2018-08-08 0.880 4.068
2018-05-09 0.880 3.985
2018-02-23 0.880 4.163
2017-11-07 0.880 3.672
2017-09-01 0.880 3.581
2017-05-10 0.880 3.585
2017-02-24 0.880 3.335
2016-11-08 0.880 3.210
2016-09-09 0.800 2.995
2016-05-16 0.800 2.803
2016-02-19 0.800 3.147
2015-11-03 0.800 3.418
2015-08-17 0.800 3.636
2015-05-11 0.800 3.675
2015-02-02 0.800 3.386

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Urban Edge Properties has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Urban Edge Properties only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Urban Edge Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (170.9x coverage).
X
Income/ dividend checks
We assess Urban Edge Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Urban Edge Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Urban Edge Properties has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Urban Edge Properties's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Olson
COMPENSATION $4,663,195
AGE 50
TENURE AS CEO 4.4 years
CEO Bio

Mr. Jeffrey S. Olson, also known as Jeff, has been the Chief Executive Officer and Chairman of Urban Edge Properties since December 29, 2014. Mr. Olson served as the Chief Executive Officer at Equity One (Florida Portfolio), Inc. until December 31, 2014. He previously served as the Chief Executive Officer at Equity One Inc., from December 1, 2006 to December 31, 2014, as its President from November 2006 to March 2008, as its Executive Officer from June 2, 2014 to August 2014 and as its Director from November 6, 2006 to June 2, 2014. Prior to that, Mr. Olson served as the President of the Eastern and Western Regions at Kimco Realty Corporation from 2002 to 2006. He worked on Wall Street from 1996 to 2001 as a REIT Analyst at Salomon Brothers and served at various other firms, including serving as the Vice President and Head of Real Estate Research at CIBC World Markets Inc. from 1996 to 2000 and as an Equity Analyst at CIBC World Markets Corp. Mr. Olson served as an Equity Analyst at UBS Investment Bank and PaineWebber Group, Inc. From 1991 to 1996, he held a variety of financial and accounting positions at The Mills Corporation. He has been Trustee of Urban Edge Properties since 2014. Mr. Olson also practiced public accounting at Reznick, Fedder and Silverman from 1986 to 1990. He is on the board of NAREIT. Mr. Olson was previously a Certified Public Accountant. He has a Master of Science in Real Estate from the Johns Hopkins University and a Bachelor of Science in Accounting from the University of Maryland.

CEO Compensation
  • Jeff's compensation has been consistent with company performance over the past year.
  • Jeff's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Urban Edge Properties management team in years:

3.7
Average Tenure
50
Average Age
  • The tenure for the Urban Edge Properties management team is about average.
Management Team

Jeff Olson

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
50
TENURE
4.4 yrs

Mark Langer

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
51
TENURE
4.1 yrs

Chris Weilminster

TITLE
Executive VP & COO
COMPENSATION
$9M
AGE
52
TENURE
0.7 yrs

Herb Eilberg

TITLE
Chief Investment Officer
COMPENSATION
$1M
AGE
41
TENURE
4.1 yrs

Don Briggs

TITLE
President of Development
COMPENSATION
$10M
AGE
50
TENURE
0.7 yrs

Jennifer Holmes

TITLE
Chief Accounting Officer
AGE
37
TENURE
4.4 yrs

Robert Milton

TITLE
Executive VP
AGE
46
TENURE
3.3 yrs

Judith Knop

TITLE
Senior Vice President of Development & Construction
TENURE
2.3 yrs

Steve Theriot

TITLE
Treasurer
AGE
58
Board of Directors Tenure

Average tenure and age of the Urban Edge Properties board of directors in years:

4.3
Average Tenure
65
Average Age
  • The tenure for the Urban Edge Properties board of directors is about average.
Board of Directors

Kevin O'Shea

TITLE
COMPENSATION
$198K
AGE
52
TENURE
4.4 yrs

Jeff Olson

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
50
TENURE
4.4 yrs

Amy Lane

TITLE
COMPENSATION
$198K
AGE
65
TENURE
4.3 yrs

Steve Grapstein

TITLE
COMPENSATION
$193K
AGE
60
TENURE
4.3 yrs

Michael Gould

TITLE
Lead Independent Trustee
COMPENSATION
$223K
AGE
75
TENURE
4.3 yrs

Steve Guttman

TITLE
COMPENSATION
$175K
AGE
71
TENURE
4.3 yrs

Steve Roth

TITLE
COMPENSATION
$165K
AGE
76
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Urban Edge Properties's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Urban Edge Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 87 properties totaling 16.1 million square feet of gross leasable area.

Details
Name: Urban Edge Properties
3UE
Exchange: MUN
Founded: 2015
$2,064,564,679
$1,949,452,125
127,515,310
Website: http://www.uedge.com
Address: Urban Edge Properties
888 Seventh Avenue,
6th Floor,
New York,
New York, 10019,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE UE Common Shares New York Stock Exchange US USD 05. Jan 2015
MUN 3UE Common Shares Boerse Muenchen DE EUR 05. Jan 2015
Number of employees
Current staff
Staff numbers
116
Urban Edge Properties employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 22:42
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/03
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.