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UE

Urban Edge PropertiesNYSE:UE Stock Report

Market Cap

US$2.1b

7D

-0.06%

1Y

28.3%

Updated

04 Dec, 2021

Data

Company Financials +
UE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends3/6

UE Stock Overview

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.

Price History & Performance

Summary of all time highs, changes and price drops for Urban Edge Properties
Historical stock prices
Current Share PriceUS$17.54
52 Week HighUS$20.33
52 Week LowUS$12.43
Beta1.68
1 Month Change-7.44%
3 Month Change-7.64%
1 Year Change28.31%
3 Year Change-9.12%
5 Year Change-37.47%
Change since IPO-21.70%

Recent News & Updates

Aug 10

Urban Edge Properties: A Lot Has Changed, But The Picture Remains The Same

Urban Edge Properties has recently boasted some strong financial performance as the COVID-19 pandemic situation has improved. The enterprise is seeing revenue and most measures of profitability continue to rise. However, this does not change my overall view that there are likely better prospects on the market today.

Shareholder Returns

UEUS REITsUS Market
7D-0.06%-0.2%-2.7%
1Y28.3%26.0%16.6%

Return vs Industry: UE exceeded the US REITs industry which returned 26% over the past year.

Return vs Market: UE exceeded the US Market which returned 16.6% over the past year.

Price Volatility

Is UE's price volatile compared to industry and market?
UE volatility
UE Average Weekly Movement4.7%
REITs Industry Average Movement3.7%
Market Average Movement6.1%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: UE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: UE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015106Jeff Olsonhttps://www.uedge.com

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 78 properties totaling 15.1 million square feet of gross leasable area.

Urban Edge Properties Fundamentals Summary

How do Urban Edge Properties's earnings and revenue compare to its market cap?
UE fundamental statistics
Market CapUS$2.14b
Earnings (TTM)US$79.15m
Revenue (TTM)US$383.78m

27.0x

P/E Ratio

5.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UE income statement (TTM)
RevenueUS$383.78m
Cost of RevenueUS$144.36m
Gross ProfitUS$239.42m
ExpensesUS$160.27m
EarningsUS$79.15m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.65
Gross Margin62.38%
Net Profit Margin20.62%
Debt/Equity Ratio155.0%

How did UE perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

66%

Payout Ratio

Does UE pay a reliable dividends?

See UE dividend history and benchmarks
When do you need to buy UE by to receive an upcoming dividend?
Urban Edge Properties dividend dates
Ex Dividend DateDec 14 2021
Dividend Pay DateDec 31 2021
Days until Ex dividend9 days
Days until Dividend pay date26 days

Does UE pay a reliable dividends?

See UE dividend history and benchmarks

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 ($17.54) is trading below our estimate of fair value ($36.55)

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 (27x) compared to the US REITs industry average (45.9x).

PE vs Market: UE is poor value based on its PE Ratio (27x) compared to the US market (16.8x).


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 overvalued based on its PB Ratio (2.2x) compared to the US REITs industry average (2x).


Future Growth

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

-9.8%

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 (-9.8% per year).

Earnings vs Market: UE's earnings are forecast to decline over the next 3 years (-9.8% per year).

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

Revenue vs Market: UE's revenue (2.8% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: UE's revenue (2.8% 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 (6.5%).


Past Performance

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

-1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UE has a large one-off gain of $22.4M impacting its September 30 2021 financial results.

Growing Profit Margin: UE's current net profit margins (20.6%) are lower than last year (22.9%).


Past Earnings Growth Analysis

Earnings Trend: UE's earnings have declined by 1.6% per year over the past 5 years.

Accelerating Growth: UE's earnings growth over the past year (1.5%) exceeds its 5-year average (-1.6% per year).

Earnings vs Industry: UE earnings growth over the past year (1.5%) underperformed the REITs industry 27.7%.


Return on Equity

High ROE: UE's Return on Equity (8.2%) is considered low.


Financial Health

How is Urban Edge Properties's financial position?


Financial Position Analysis

Short Term Liabilities: UE's short term assets ($414.9M) exceed its short term liabilities ($27.7M).

Long Term Liabilities: UE's short term assets ($414.9M) do not cover its long term liabilities ($1.8B).


Debt to Equity History and Analysis

Debt Level: UE's net debt to equity ratio (128.5%) is considered high.

Reducing Debt: UE's debt to equity ratio has reduced from 243.3% to 155% over the past 5 years.

Debt Coverage: UE's debt is not well covered by operating cash flow (8.3%).

Interest Coverage: UE's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Dividend

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

3.42%

Current Dividend Yield


Upcoming Dividend Payment

TodayDec 04 2021Ex Dividend DateDec 14 2021Dividend Pay DateDec 31 202117 days from Ex DividendBuy in the next 9 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: UE's dividend (3.42%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: UE's dividend (3.42%) is low compared to the top 25% of dividend payers in the US market (3.62%).


Stability and Growth of Payments

Stable Dividend: UE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: UE has only been paying a dividend for 7 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.9%), UE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: UE's dividends in 3 years are forecast to be well covered by earnings (48.6% payout ratio).


Next Steps

Management

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

5.9yrs

Average management tenure


CEO

Jeff Olson (53 yo)

7yrs

Tenure

US$6,149,061

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 ($USD6.15M) is above average for companies of similar size in the US market ($USD3.71M).

Compensation vs Earnings: Jeff's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: UE's management team is seasoned and experienced (5.9 years average tenure).


Board Members

Experienced Board: UE's board of directors are considered experienced (6.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: UE insiders have only sold shares 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 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$2.140b
  • Market Cap: US$2.055b
  • Shares outstanding: 121.99m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/04 00:15
End of Day Share Price2021/12/03 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.