Urban Edge Q3 profit rises on higher rental revenues, lifts outlook
UE•Urban Edge’s third-quarter adjusted FFO per share rose 6% year over year to $0.38, and the company raised its 2026 adjusted FFO guidance to $1.52-$1.54 per diluted share. Net income increased, driven by a gain on the sale of real estate.
1. Quarterly results
Urban Edge said higher rental revenues from new leases and accretive capital recycling drove growth in adjusted FFO. Same-property NOI rose 4.5%, which the company attributed to rent commencements on new leases; net income increased due to a gain on the sale of real estate.
2. 2026 outlook
The company raised its 2026 adjusted FFO guidance to $1.52-$1.54 per diluted share. It now expects 2026 FFO of $1.59-$1.61 per diluted share and forecasts same-property NOI growth, including redevelopment, of 4.00%-4.25%.
