Urban Edge Properties raises 2024 FFO as Adjusted outlook after third-quarter results
Urban Edge Properties reported third-quarter 2024 results on October 30, 2024, and raised its full-year 2024 FFO as Adjusted guidance to $1.32 to $1.35 per diluted share from $1.29 to $1.32. Net income attributable to common shareholders fell from the prior-year quarter, which included a $26.7 million gain on debt extinguishment, while FFO as Adjusted per diluted share rose 9%.
Key points
- Q3 2024 net income attributable to common shareholders was $9.1 million, or $0.07 per diluted share, versus $36.1 million, or $0.31, in Q3 2023.
- Q3 2024 FFO as Adjusted was $0.35 per diluted share, up $0.03, or 9%, from $0.32 a year earlier.
- 2024 FFO as Adjusted guidance was raised to $1.32 to $1.35 per diluted share from $1.29 to $1.32.
- On October 29, 2024, the company closed the $126 million acquisition of The Village at Waugh Chapel in Maryland.
The filing
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 October 30, 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.