Urban Edge Q2 FFO per share rises on new leases, lifts 2026 outlook
UE•Quarterly results
Urban Edge Properties said second-quarter funds from operations (FFO) per share rose year over year, driven by new lease commencements and higher net recovery revenue.
Q2 net income and earnings per share declined year over year, reflecting a prior-year gain on property sales.
Updated 2026 outlook
The company raised its 2026 FFO as adjusted guidance to $1.50-$1.54 per diluted share.
Urban Edge now sees 2026 FFO per diluted share of $1.57-$1.60 and expects same-property NOI growth of 3.25%-3.75% for 2026.
Drivers and market context
Urban Edge said rent commencements on new leases and higher net recovery revenue drove increases in FFO and FFO as adjusted. Same-property NOI growth was driven by rent commencements on new leases and out-of-period collections on past due rents.
Growth from accretive capital recycling also contributed to improved results, including acquisitions and a pending disposition.
Key figures and analyst coverage
| Metric | Actual |
|---|---|
| Q2 EPS | $0.14 |
| Q2 net income | $18.65 mln |
