Earnings call transcript: Urban Edge beats Q3 2026 EPS forecast, stock slips
Urban Edge Properties exceeded Q3 2026 EPS expectations but fell short of revenue forecasts, leading to a slight dip in its stock price. The company reported earnings of $0.41 per share, surpassing the $0.12 forecast, while revenue was $119.56 million, below the $120.49 million estimate. Adjusted FFO grew 6% year-over-year to $0.38 per share.
Full-year 2026 FFO guidance increased to $1.52 to $1.54 per share, reflecting management's confidence in the company's performance and future growth potential. Same-property NOI growth guidance was also raised to 4.1% for the year. Despite a modest decline in the stock price, analysts see upside potential of 22% based on consensus price targets.
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