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AI brief of an SEC Form 8-K · Urban Edge Properties (UE)

Urban Edge Properties Q4 Net Income Rises to $221.2 Million; Issues 2024 Outlook

Positive Impact 3 of 5 earnings Written later

Urban Edge Properties reported fourth-quarter and full-year 2023 results on February 14, 2024, showing net income attributable to common shareholders of $221.2 million for the quarter versus $13.7 million a year earlier. The company also issued 2024 guidance and raised its quarterly dividend 6.25% to $0.17 per share, which matters to shareholders because it reflects both a sharp rise in reported profit and a higher payout.

Key points

  • Q4 2023 net income attributable to common shareholders was $221.2 million, or $1.88 per diluted share, versus $13.7 million, or $0.12 per diluted share, in Q4 2022.
  • FY 2023 FFO as Adjusted rose to $1.25 per diluted share from $1.21 in 2022, an increase of 3.3% per share.
  • 2024 guidance projects net income of $0.12 to $0.17 per diluted share, FFO of $1.20 to $1.25 per diluted share, and FFO as Adjusted of $1.24 to $1.29 per diluted share.
  • Board declared a $0.17 quarterly dividend on February 13, 2024, payable March 29, 2024 to holders of record on March 15, 2024.

The filing

CompanyUrban Edge Properties (UE)
Form8-K, current report
Filed with the SECFeb 14, 2024, 6:59 AM ET
Accession number0001611547-24-000011

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 14, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.