Urban Edge Properties: Q4 Earnings Snapshot
By AP News
Published - Feb 14, 2024, 07:21 AM ET
Last Updated - Feb 14, 2024, 07:21 AM EST
NEW YORK (AP) — NEW YORK (AP) — Urban Edge Properties (UE) on Wednesday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in New York, said it had funds from operations of $37.9 million, or 31 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $221.2 million, or $1.88 per share.
