Urban Edge Properties (NYSE: UE) reported fourth‑quarter and full‑year 2025 results on February 11, 2026, showing a 6% increase in funds from operations (FFO) as adjusted to $1.43 per share, up from $1.35 in 2024. The company also raised its quarterly cash dividend by 11%, bringing the annual dividend to $0.84 per share. Record leasing activity—360,000 square feet of new leases signed during the year—combined with a record shop occupancy of 92.6% underscored the strength of the company’s urban‑focused retail portfolio.
The company’s same‑property net operating income (NOI) grew 2.9% in the quarter and 5.0% year‑over‑year, driven by higher rental revenues and a gain from the sale of a single‑tenant property. Q4 2025 FFO as adjusted was $0.36 per share, compared with $0.34 in Q4 2024, while quarterly revenue reached $119.5 million, surpassing analyst estimates of roughly $104 million. The 2026 outlook projects net income of $0.49 to $0.54 per diluted share and FFO of $1.47 to $1.52 per diluted share, representing a 4.5% growth at the midpoint versus 2025.
"Urban Edge delivered an exceptional 2025," said Chairman and CEO Jeff Olson. "Our strong operating results drove a 6% increase in FFO as adjusted, and the 11% dividend hike reflects the confidence we have in continued demand and operational efficiency." CFO Mark Langer added, "Same‑property NOI, including redevelopment, increased 2.9% for the quarter and 5% for the year, and our liquidity remains robust with $849 million in total liquidity and no draw on our credit facility."
Management’s 2026 guidance signals continued confidence: the company expects FFO growth of at least 4.5%, same‑property NOI growth above 3%, and a return to near‑historical occupancy levels of approximately 98%. The guidance reflects the firm’s belief that disciplined capital recycling and a strong signed‑but‑not‑open pipeline—worth $22 million in annualized gross rent—will sustain earnings momentum.
Analysts reacted positively to the results, noting the company’s record leasing activity, high occupancy, and dividend increase. The consensus price target remains around $22.29 per share, and the market view is that Urban Edge’s portfolio quality and execution strategy position it well for continued growth in supply‑constrained Northeast markets.
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