Urban Edge Properties: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 09:25 AM ET
Last Updated - Jul 31, 2024, 09:25 AM EDT
NEW YORK (AP) — NEW YORK (AP) — Urban Edge Properties (UE) on Wednesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in New York, said it had funds from operations of $40.2 million, or 32 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 $30.8 million, or 26 cents per share.
