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

Urban Edge raises 2024 FFO guidance; Q2 FFO per diluted share rises to $0.47

Positive Impact 4 of 5 guidance Written later

Urban Edge Properties reported second-quarter 2024 results on July 31, 2024, with net income attributable to common shareholders of $30.8 million, or $0.26 per diluted share, compared with $10.3 million, or $0.09, a year earlier. The company raised the low end of its full-year 2024 FFO as Adjusted guidance and raised its net income and FFO ranges, which points to higher expected earnings for shareholders.

Key points

  • Q2 2024 FFO per diluted share was $0.47, up from $0.29 in Q2 2023; FFO as Adjusted per diluted share was $0.32, up from $0.30.
  • Q2 net income included a $21.7 million gain on extinguishment of debt tied to the Kingswood Center foreclosure and a $13.4 million gain on sale of real estate.
  • Full-year 2024 FFO per diluted share guidance was raised to $1.42 to $1.45 from $1.22 to $1.27.
  • Full-year FFO as Adjusted per diluted share guidance is now $1.29 to $1.32, up from $1.27 to $1.32, with the low end raised.

The filing

CompanyUrban Edge Properties (UE)
Form8-K, current report
Filed with the SECJul 31, 2024, 6:59 AM ET
Accession number0001611547-24-000042

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 July 31, 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.