NYSE:UE

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Executive Summary

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. More Details


Snowflake Analysis

Undervalued with proven track record.

Share Price & News

How has Urban Edge Properties's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: UE has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.7%

UE

-0.4%

US REITs

-0.4%

US Market


1 Year Return

-50.4%

UE

-14.3%

US REITs

18.3%

US Market

Return vs Industry: UE underperformed the US REITs industry which returned -14.2% over the past year.

Return vs Market: UE underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

UEIndustryMarket
7 Day5.7%-0.4%-0.4%
30 Day9.4%3.7%6.6%
90 Day3.7%1.8%8.6%
1 Year-49.0%-50.4%-10.9%-14.3%21.0%18.3%
3 Year-50.8%-56.0%14.8%1.2%42.1%32.7%
5 Year-47.1%-55.8%40.1%12.0%85.6%64.7%

Price Volatility Vs. Market

How volatile is Urban Edge Properties's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Urban Edge Properties undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UE ($10.5) is trading below our estimate of fair value ($21.21)

Significantly Below Fair Value: UE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: UE is good value based on its PE Ratio (9.2x) compared to the US REITs industry average (34.5x).

PE vs Market: UE is good value based on its PE Ratio (9.2x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: UE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: UE is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (1.4x).


Next Steps

Future Growth

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

-49.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UE's earnings are forecast to decline over the next 3 years (-49.6% per year).

Earnings vs Market: UE's earnings are forecast to decline over the next 3 years (-49.6% per year).

High Growth Earnings: UE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: UE's revenue (1.6% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: UE's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UE's Return on Equity is forecast to be low in 3 years time (4.5%).


Next Steps

Past Performance

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

15.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UE has a large one-off gain of $114.2M impacting its June 30 2020 financial results.

Growing Profit Margin: UE's current net profit margins (38.9%) are higher than last year (20.1%).


Past Earnings Growth Analysis

Earnings Trend: UE's earnings have grown by 15.9% per year over the past 5 years.

Accelerating Growth: UE's earnings growth over the past year (65.6%) exceeds its 5-year average (15.9% per year).

Earnings vs Industry: UE earnings growth over the past year (65.6%) exceeded the REITs industry 5.1%.


Return on Equity

High ROE: UE's Return on Equity (14%) is considered low.


Next Steps

Financial Health

How is Urban Edge Properties's financial position?


Financial Position Analysis

Short Term Liabilities: UE's short term assets ($747.5M) exceed its short term liabilities ($20.8M).

Long Term Liabilities: UE's short term assets ($747.5M) do not cover its long term liabilities ($2.1B).


Debt to Equity History and Analysis

Debt Level: UE's debt to equity ratio (177.7%) is considered high.

Reducing Debt: UE's debt to equity ratio has reduced from 261% to 177.7% over the past 5 years.

Debt Coverage: UE's debt is not well covered by operating cash flow (6.7%).

Interest Coverage: UE's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


Next Steps

Dividend

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

5.20%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate UE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate UE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if UE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if UE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: UE is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of UE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Jeff Olson (52 yo)

5.83yrs

Tenure

US$5,022,284

Compensation

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 ( ...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD5.02M) is about average for companies of similar size in the US market ($USD4.43M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Olson
Chairman & CEO5.83yrsUS$5.02m0.018%
$ 232.2k
Mark Langer
Executive VP & CFO5.5yrsUS$2.19m0.028%
$ 359.4k
Christopher Weilminster
Executive VP & COO2.08yrsUS$3.34m0.00086%
$ 11.0k
Herbert Eilberg
Chief Investment Officer5.5yrsUS$1.02m0.033%
$ 422.9k
Jennifer Holmes
Chief Accounting Officer5.83yrsno data0.016%
$ 209.4k
Robert Milton
Executive VP4.75yrsno data0.010%
$ 131.0k
Judith Knop
Senior Vice President of Development & Construction3.75yrsno datano data
Scott Auster
Senior Vice President of Leasingno datano datano data
Bob DaVita
Senior VP & Deputy General Counselno datano datano data
Dan Reilly
Senior Vice President of Property Accountingno datano datano data
Cecilia Li
Senior Vice President of Information Technologyno datano datano data
Ehud Kupperman
Senior Vice President of Developmentno datano datano data

5.5yrs

Average Tenure

50yo

Average Age

Experienced Management: UE's management team is seasoned and experienced (5.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Olson
Chairman & CEO5.83yrsUS$5.02m0.018%
$ 232.2k
Steven Guttman
Independent Trustee5.75yrsUS$169.01k0.011%
$ 143.6k
Steven Grapstein
Independent Trustee5.75yrsUS$186.51k0.0074%
$ 93.8k
Steven Roth
Independent Trustee5.75yrsUS$159.01k0.83%
$ 10.5m
Amy Lane
Independent Trustee5.75yrsUS$191.51k0.0074%
$ 93.8k
Michael Gould
Lead Independent Trustee5.75yrsUS$219.99k0.0074%
$ 93.8k
Kevin O'Shea
Independent Trustee5.83yrsUS$191.51k0.0081%
$ 103.7k
Douglas Sesler
Independent Trustee0.58yrno datano data

5.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: UE's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Urban Edge Properties's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Urban Edge Properties
  • Ticker: UE
  • Exchange: NYSE
  • Founded: 2015
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: US$1.274b
  • Market Cap: US$1.225b
  • Shares outstanding: 121.38m
  • Website: https://www.uedge.com

Number of Employees


Location

  • Urban Edge Properties
  • 888 Seventh Avenue
  • 6th Floor
  • New York
  • New York
  • 10019
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UENYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 2015
3UEMUN (Boerse Muenchen)YesCommon SharesDEEURJan 2015

Biography

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 metropoli ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 01:08
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.