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Urban Edge Properties (UE)
NYSEReal EstateReit - RetailSnapshot 2026-06-16
Watch· this month
$23.04+0.52%
Close 2026-06-16 · 1-day change
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is neutral, and earnings quality is also neutral, indicating that cash flow does not strongly support reported profits. Management's recent track record has been steady, while risk is moderate and the sector backdrop presents a headwind. Peer multiples imply a price about 35% below where it trades (it looks expensive on this basis); the read is fair, priced roughly in line with peer multiples. The outlook hinges on guidance changes and sector trends, particularly how bellwethers perform. This read is provisional.
as of 2026-06-16
Quick facts
- Exchange
- NYSE
- Sector
- Real Estate
- Industry
- Reit - Retail
- Market cap
- $3.18B
- Employees
- 104
- IPO date
- 2015-03-23
- Next earnings
- 2026-07-29
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 6 valuation methods, at three horizons. Current price $23.04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfull
$17.07consensus
Range $8.88 – $20.79
vs price: +35% above
Method agreement — · 6 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearfull
$19.21consensus
Range $14.83 – $28.98
vs price: +20% above
Method agreement — · 5 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearfull
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Optionality premiumlow confidence
At $23, UE's earnings are too small for P/E to mean much; on sales it trades at 54× p/e (3.8× the 14× p/e peer median, and 1.1× even its own history). At a normal multiple the price implies ~35% near-term growth vs our ~8% forecast. That gap is an optionality premium a financial-multiple model can't price — our $17 fair value covers only the as-is business, low confidence. Not investment advice.
Multiple (P/E)
53.6x
peer 14.2x · own history 47.8x
Premium
3.8x peer
1.1x its own history
Growth the price needs
35%
our forecast 8%
Our fair value
$17.07
range $8.88 – $20.79
WhyPeer anchor understates a real premium
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fullfair12-month view
What's priced inUnjustified
The market is pricing in roughly 35% near-term growth, well above our forecast of about 8%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only weak execution quality — not the full expensive x weak x turbulent stack. Regime (Mania) does not concentrate fragility.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
neutralOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated neutral grew net income 53% of the time over the next year (vs 57% for the rest of the cohort, n=1968).
33rd pctl · Real Estate
Earnings quality
neutralOver the trailing year it converted 1.75x of net income into operating cash flow. Historically, Real Estate names rated neutral grew net income 61% of the time over the next year (vs 47% for the rest of the cohort, n=1866).
48th pctl · Real Estate
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
Management & capital allocation
Not enough signal yet.
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Neutral3 analysts, 43% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $0.11 → $0.11 (+0.0% / 30d). 1 raised, 1 cut, 3 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d, 1 maintained. 43% of analysts rate Buy.
Price target activity
2 PT revisions / 30d. Avg target 3.4% above current price.
Sector context
Intermediate · WeeklySector phase: real estate is in maturing, with decelerating (~1.2 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: by revenue growth.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: neutral
- Capital allocation
- neutral
- Earnings discipline
- neutral
- Margin discipline
- weak
- Balance sheet
- strong
- Post-call reaction
- neutral
A guidance track record builds as the company issues and delivers on guidance.
as of 2026-06-16
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$82.
How much price usually moves either way.
On a bad day, this stock has moved -$202.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,197.
Deepest peak-to-trough drop in the last year.
moderateas of 2026-06-16
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- label change · valuation_labelsmall change
Valuation label changed from 'expensive' to 'full'.
As of June 16, 2026, confidence fell to medium. Valuation changed from expensive to full.
as of 2026-06-16
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- DownsideHigh confidenceQuartersactive 4d
Watch for Q2 same-property NOI growth below 2.75%
Why it matters: This growth rate is key to Urban Edge's revenue outlook. A drop signals weakening demand.
What confirms / what disproves
Confirms:Same-property NOI growth is below 2.75% for Q2 2026.
Disproves:Same-property NOI growth is above 3.00% for Q2 2026.
Earnings call
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for UE yet.
This sector is also watching
- Watch for revenue growth speeding up in the Real Estate sector.
- Watch for FOMC decisions that change interest rates.
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for UE and other Real Estate names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If sector bellwethers like SPG, O, and KIM keep beating earnings and guiding higher, the Real Estate sector momentum should keep lifting UE and other Real Estate names. Worth watching these names for early signals.
Downside triggers
- If UE reverses and cuts guidance after recently raising (RAISED as of 2026-04-29), that's the worst kind of move: a credibility hit on top of the lower number. Stocks usually get punished disproportionately for this.
- If sector bellwethers like SPG, O, and KIM start missing or guiding lower, the Real Estate tailwind helping UE and other Real Estate names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits UE and other Real Estate names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-04-291mo agoItem 2.02
Results of Operations and Financial Condition. On April 29, 2026, the Company announced its financial results for the three months ended March 31, 2026. Copies of the Company's Earnings Press Release and Supplemental Disclosure Package are furnished as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K. The information contained in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 attached hereto, is being "furnished" and shall not be deemed "filed" for p…
Earnings preannouncementneutral
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
+2.3 vs last weeklatest as of 2026-06-16
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.