Urban Edge Properties Q4 FFO as Adjusted rises to $0.34 a share; net income falls
Urban Edge Properties reported fourth-quarter and full-year 2024 results and gave initial 2025 guidance. FFO as Adjusted per diluted share rose 8% to $1.35 for the year, but GAAP net income fell from 2023, which included a $217.4 million gain on sale of real estate. The board raised the quarterly dividend 12% to $0.19 per share, which matters to shareholders as a direct change in cash payouts.
Key points
- Q4 2024 net income attributable to common shareholders was $30.1 million, or $0.24 per diluted share, versus $221.2 million, or $1.88, in Q4 2023.
- Q4 2024 FFO as Adjusted per diluted share was $0.34, up from $0.31 in Q4 2023.
- 2025 guidance: FFO as Adjusted of $1.37 to $1.42 per diluted share and net income of $0.32 to $0.37 per diluted share.
- Quarterly dividend raised 12% to $0.19 per share, payable March 31, 2025 to holders of record on March 14, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits 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 12, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.