URBAN EDGE PROPERTIES
In the published model solve dated 2026-Q2, anchored at $22.02, URBAN EDGE PROPERTIES (UE) is priced for +8.9% AFFO growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Urban Edge owns open-air shopping centers concentrated in the dense, supply-constrained New York metro, where new retail space is almost impossible to build, so the value sits in re-leasing space it already owns at sharply higher rents rather than in expansion. • Leasing momentum is the engine: the first quarter signed 84,000 square feet of new leases at a 52% cash spread and renewed 335,000 square feet at a 15% blended spread, and management raised full-year FFO-as-adjusted guidance to $1.48
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237 institutional managers reported holding UE in 13F filings for the quarter ended 2026-03-31. Together they hold about 95% of the company; the top 10 hold 69%. 30 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 4.3M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (5.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
UE's share count grew 7.6% over the past five years. It pays a dividend, and has paid one every year in our records (11 and counting), raised 2 years straight; the current rate is $0.76 a share annually. Cash returned over the past three years: $242.50M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at UE over the trailing three years. Absence is a fact about the company, not a signal. 7 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
UE's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +1.7% | -14.5% |
| 2023-11-01 | +10.1% | +10.6% |
| 2024-02-15 | -0.1% | -7.4% |
| 2024-05-08 | -0.2% | +7.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
UE's latest 8-K filings: 2026-08-06 (items 2.02, 7.01, 9.01); 2026-05-06 (items 5.07); 2026-04-29 (items 2.02, 7.01, 9.01); 2026-02-11 (items 2.02, 7.01, 9.01); 2026-01-22 (items 1.01, 2.03, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.