Urban Edge Properties
Market Cap
US$2.2b
Last Updated
2021/04/18 00:14 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 42.5% per year for the next 3 years
+ 1 more risk
Snowflake Analysis
Second-rate dividend payer and slightly overvalued.
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 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.
Market Performance
7 Day Return
3.2%
UE
2.4%
US REITs
1.3%
US Market
1 Year Return
106.9%
UE
26.1%
US REITs
53.9%
US Market
Return vs Industry: UE exceeded the US REITs industry which returned 26.1% over the past year.
Return vs Market: UE exceeded the US Market which returned 53.9% over the past year.
Shareholder returns
| UE | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.2% | 2.4% | 1.3% |
| 30 Day | 1.2% | 4.8% | 5.3% |
| 90 Day | 20.4% | 13.5% | 8.9% |
| 1 Year | 116.1%106.9% | 31.4%26.1% | 56.6%53.9% |
| 3 Year | 2.0%-11.1% | 46.3%28.7% | 64.4%53.6% |
| 5 Year | -12.0%-28.4% | 53.3%22.4% | 120.4%95.7% |
Long-Term 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
2 days ago | Simply Wall St
Urban Edge Properties (NYSE:UE) Shareholders Have Enjoyed An Impressive 117% Share Price Gain1 month ago | Simply Wall St
Don't Ignore The Fact That This Insider Just Sold Some Shares In Urban Edge Properties (NYSE:UE)2 months ago | Simply Wall St
Should You Be Impressed By Urban Edge Properties' (NYSE:UE) ROE?Valuation
Is Urban Edge Properties undervalued compared to its fair value and its price relative to the market?
17.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UE ($17.88) is trading below our estimate of fair value ($21.74)
Significantly Below Fair Value: UE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: UE is good value based on its PE Ratio (22.5x) compared to the US REITs industry average (47.1x).
PE vs Market: UE's PE Ratio (22.5x) is in line with the US market.
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 (1.8x).
Future Growth
How is Urban Edge Properties forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-42.5%
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 (-42.5% per year).
Earnings vs Market: UE's earnings are forecast to decline over the next 3 years (-42.5% per year).
High Growth Earnings: UE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: UE's revenue (3.8% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: UE's revenue (3.8% 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 (4.8%).
Past Performance
How has Urban Edge Properties performed over the past 5 years?
8.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UE has a large one-off gain of $71.6M impacting its December 31 2020 financial results.
Growing Profit Margin: UE's current net profit margins (28.3%) are higher than last year (28.3%).
Past Earnings Growth Analysis
Earnings Trend: UE's earnings have grown by 8.5% per year over the past 5 years.
Accelerating Growth: UE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: UE had negative earnings growth (-14.7%) over the past year, making it difficult to compare to the REITs industry average (-4.4%).
Return on Equity
High ROE: UE's Return on Equity (9.8%) is considered low.
Financial Health
How is Urban Edge Properties's financial position?
Financial Position Analysis
Short Term Liabilities: UE's short term assets ($515.6M) exceed its short term liabilities ($99.2M).
Long Term Liabilities: UE's short term assets ($515.6M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: UE's debt to equity ratio (159.4%) is considered high.
Reducing Debt: UE's debt to equity ratio has reduced from 261.7% to 159.4% over the past 5 years.
Debt Coverage: UE's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: UE's interest payments on its debt are not well covered by EBIT (0.8x coverage).
Balance Sheet
Dividend
What is Urban Edge Properties's current dividend yield, its reliability and sustainability?
3.36%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UE's dividend (3.36%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: UE's dividend (3.36%) is low compared to the top 25% of dividend payers in the US market (3.46%).
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 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17%), UE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UE's dividends in 3 years are forecast to be covered by earnings (55.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
Jeff Olson (52 yo)
6.33yrs
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 above average for companies of similar size in the US market ($USD3.79M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: UE's management team is seasoned and experienced (5.3 years average tenure).
Board Members
Experienced Board: UE's board of directors are considered experienced (6.3 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 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$2.182b
- Market Cap: US$2.092b
- Shares outstanding: 122.03m
- 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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/18 00:14 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.