Urban Edge Properties (UE) financial statements
Urban Edge Properties reported revenue of $472M in fiscal 2025, up 4.2% a year over 9 years.
Net income was $94M and the operating margin 26.8%, against 40.8% in 2016.
Free cash flow was $82M, and the company returned $96M in dividends.
The diluted share count rose 26% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Urban Edge Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $326M | $407M | $414M | $388M | $330M | $425M | $398M | $417M | $445M | $472M |
| Selling, general and admin | $29M | $31M | $35M | $38M | $49M | $39M | $43M | $37M | $37M | $40M |
| Operating income | $133M | $162M | $122M | $104M | $52M | $148M | $108M | $91M | $97M | $126M |
| Interest expense | $52M | $56M | $65M | $67M | $68M | $55M | $56M | $71M | $77M | $73M |
| Pre-tax income | $97M | $73M | $120M | $117M | $59M | $109M | $50M | $278M | $78M | $100M |
| Income tax | $804,000 | -$278,000 | $4M | $1M | -$39M | $1M | $3M | $18M | $2M | $3M |
| Net income | $91M | $67M | $105M | $110M | $94M | $103M | $46M | $248M | $73M | $94M |
| EPS (diluted) | $0.91 | $0.61 | $0.92 | $0.91 | $0.79 | $0.88 | $0.39 | $2.11 | $0.60 | $0.74 |
| Diluted shares | 100M | 118M | 114M | 120M | 118M | 121M | 122M | 118M | 121M | 126M |
| Operating margin | 40.8% | 39.7% | 29.4% | 26.8% | 15.9% | 34.8% | 27.1% | 21.8% | 21.7% | 26.8% |
| Net margin | 27.9% | 16.5% | 25.4% | 28.3% | 28.4% | 24.2% | 11.6% | 59.6% | 16.3% | 19.8% |
Balance sheet
Fiscal years, from Urban Edge Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $132M | $490M | $440M | $433M | $385M | $164M | $86M | $101M | $41M | $49M |
| Total assets | $1.9B | $2.8B | $2.8B | $2.8B | $2.9B | $3.0B | $3.0B | $3.3B | $3.3B | $3.3B |
| Long-term debt | — | — | — | — | — | — | — | $153M | $50M | $0 |
| Total liabilities | $1.4B | $1.8B | $1.8B | $1.8B | $1.9B | $1.9B | $1.9B | $2.1B | $1.9B | $1.9B |
| Shareholders' equity | $496M | $991M | $1.0B | $1.0B | $996M | $1.0B | $1.0B | $1.2B | $1.4B | $1.4B |
| Net debt | -$132M | -$490M | -$440M | -$433M | -$385M | -$164M | -$86M | $52M | $9M | -$49M |
Cash flow
Fiscal years, from Urban Edge Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $137M | $158M | $137M | $156M | $113M | $135M | $140M | $163M | $153M | $183M |
| Capital spending | — | — | $119M | $91M | $29M | $95M | $116M | $116M | $111M | $101M |
| Free cash flow | — | — | $18M | $65M | $84M | $40M | $24M | $47M | $43M | $82M |
| Stock-based compensation | $5M | $7M | $10M | $14M | $17M | $11M | $10M | $8M | $10M | $12M |
| Dividends paid | $81M | $95M | $100M | $106M | $27M | $124M | $75M | $75M | $83M | $96M |
| Share buybacks (net) | — | — | $0 | $0 | -$54M | $0 | $0 | — | — | — |
| Net borrowing | -$38M | $806M | -$4M | -$6M | $948,000 | $99M | $5M | -$224M | -$176M | -$90M |
| Free cash flow margin | — | — | 4.4% | 16.8% | 25.5% | 9.4% | 5.9% | 11.3% | 9.6% | 17.3% |
| Dividends per share | $0.81 | $0.81 | $0.88 | $0.89 | $0.23 | $1.02 | $0.62 | $0.64 | $0.68 | $0.76 |
Questions
What was Urban Edge Properties's revenue in 2025?
$472M in fiscal 2025, from its 10-K filing.
How much free cash flow does Urban Edge Properties generate?
$82M in fiscal 2025 (operating cash flow minus capital spending).
From Urban Edge Properties's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.