Urban Edge Properties
About: Urban Edge Properties is a real estate investment trust principally focused on the management and development of retail real estate properties in urban communities in the U.S. Having originally been created to hold the majority of Vornado Realty Trust's shopping center businesses, Urban Edge's asset portfolio is mostly composed of shopping centers and malls in terms of total square footage. The company's holdings include necessity and convenience-oriented retailers, such as department stores, grocers, health clubs, and restaurants. Urban Edge's properties are mainly located in the New York City metropolitan region and within the DC to Boston corridor. The company generates nearly all of its revenue through the collection of rent from a large number of tenants.
Employees: 109
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
10% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 30
7% more capital invested
Capital invested by funds: $1.93B [Q1] → $2.07B (+$138M) [Q2]
1% more funds holding
Funds holding: 210 [Q1] → 213 (+3) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 71
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0.8% less ownership
Funds ownership: 95.13% [Q1] → 94.33% (-0.8%) [Q2]
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $65K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Evercore ISI Group Steve Sakwa 59% 1-year accuracy 33 / 56 met price target | 0%downside $22 | In-Line Maintained | 16 Sept 2024 |
Evercore ISI Group Steve Sakwa 59% 1-year accuracy 33 / 56 met price target | 5%downside $21 | In-Line Maintained | 28 Aug 2024 |
Financial journalist opinion
Based on 3 articles about UE published over the past 30 days
