Urban Edge Properties Q1 net income rises to $22.6 million; FFO guidance raised
Urban Edge Properties reported first-quarter 2026 net income attributable to common shareholders of $22.6 million, or $0.18 per diluted share, up from $8.2 million, or $0.07 per diluted share, a year earlier. The company raised its 2026 net income and FFO guidance, and raised the low end of its FFO as Adjusted range, which gives shareholders a higher expected earnings range for the year.
Key points
- Q1 2026 FFO was $55.7 million, or $0.42 per diluted share, versus $45.5 million, or $0.35, a year earlier; the quarter included $8.4 million, or $0.06 per diluted share, of non-recurring environmental remediation reimbursements.
- 2026 net income guidance was revised to $0.56 to $0.60 per diluted share from $0.49 to $0.54; FFO guidance was revised to $1.54 to $1.58 from $1.47 to $1.52.
- FFO as Adjusted guidance is now $1.48 to $1.52 per diluted share, up from $1.47 to $1.52 at the low end.
- Same-property NOI grew 2.4% in the quarter, and same-property leased occupancy was 96.4% at March 31, 2026, down 30 basis points from December 31, 2025.
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 April 29, 2026.
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.