Urban Edge Properties Reports 7.1% Revenue Growth and Increased Net Income in Q2 2025

Urban Edge Properties (NYSE: UE) reported a significant increase in financial performance for the second quarter and first half of 2025, as detailed in its latest 10-Q filing. For the three months ended June 30, 2025, the company achieved total revenue of $114.1 million, up from $106.5 million in the same period last year, marking a 7.1% increase. Net income for the quarter was $60.8 million, compared to $32.0 million in the prior year, reflecting a substantial year-over-year growth. For the first half of 2025, total revenue reached $232.2 million, an increase from $216.2 million in the first half of 2024, while net income rose to $69.2 million from $34.5 million.

The company’s operational metrics also showed positive trends. Rental revenue for the second quarter increased to $113.9 million from $106.4 million a year earlier, driven by rent commencements and contractual increases. The occupancy rate across Urban Edge's portfolio, which includes 68 shopping centers and two outlet centers, stood at 89.9% as of June 30, 2025. The company reported a gain on the sale of real estate of $49.5 million during the first half of 2025, primarily from the sale of two non-core properties and one parcel, compared to a gain of $15.3 million in the same period of 2024.

In terms of strategic developments, Urban Edge did not complete any acquisitions during the first half of 2025, contrasting with the previous year when it acquired two properties for a total of $117.0 million. The company disposed of two properties and one parcel in 2025, generating proceeds of $64.4 million. The company’s total assets as of June 30, 2025, were reported at $3.31 billion, slightly up from $3.31 billion at the end of 2024, while total liabilities decreased to $1.92 billion from $1.95 billion.

Urban Edge's financial structure remains robust, with cash and cash equivalents, including restricted cash, totaling $118.2 million at the end of the second quarter, an increase from $90.6 million at the end of 2024. The company has an $800 million revolving credit facility, of which $90 million was drawn as of June 30, 2025. The company declared a quarterly dividend of $0.19 per common share, consistent with the previous year, reflecting its commitment to returning value to shareholders. Looking ahead, Urban Edge remains focused on managing its portfolio effectively while navigating market conditions, with plans to continue its development and redevelopment projects, which currently have an estimated cost of $141.8 million.