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Urban Edge Properties (UE) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Urban Edge Properties (UE) Q2 2026 earnings results →

Q2 2026 Revenue up 8% year over year to $123M · 15¢ of every $1 of revenue kept as net profit · operating margin 15.8%

Urban Edge Properties made $123M in Q2 2026 (+8% Y/Y). Operating margin 15.8%, net earnings $17.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.

Revenue$123M
Year over year+8%
Operating margin15.8%
Net earnings$17.9M
Operating cash flow$66.7M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $122.8M in Q2 2026, up 8% year over year and down 7% from the previous quarter.

Operating profit was $19.4M, a 15.8% margin (down 38.1 points year over year). Operating profit fell $42.0M even though revenue rose $8.7M versus Q2 2025, so costs grew faster than sales. Total costs grew 96% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+129%). Net earnings were $17.9M, down 69% year over year. The effective tax rate was 3.9%.

Operating cash flow was $66.7M (up 54% year over year), 358% of net income including minority interests. Non-cash charges added back $35.0M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $10.1M. Capital expenditures of $42.7M left free cash flow of $24.0M.

Quarterly history

Urban Edge Properties revenue by quarterUrban Edge Properties revenue by quarter$116MQ4 2024$118MQ1 2025$114MQ2 2025$120MQ3 2025$120MQ4 2025$133MQ1 2026$123MQ2 2026
Urban Edge Properties net earnings by quarterUrban Edge Properties net earnings by quarter$30.1MQ4 2024$8.2MQ1 2025$58.0MQ2 2025$14.9MQ3 2025$12.4MQ4 2025$22.6MQ1 2026$17.9MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 6, 2026$123M+8%15.8%$17.9M$66.7M
Q1 202610-QApr 29, 2026$133M+12%18.0%$22.6M$39.1M
Q4 202510-KFeb 11, 2026$120M+3%11.3%$12.4M$51.0M
Q3 202510-QOct 29, 2025$120M+7%13.4%$14.9M$55.7M
Q2 202510-QJul 30, 2025$114M+7%53.9%$58.0M$43.5M
Q1 202510-QApr 30, 2025$118M+8%7.6%$8.2M$32.6M
Q4 202410-KFeb 12, 2025$116M-0.2%27.6%$30.1M$52.4M

Charts

Urban Edge Properties: revenue growth, year over year and quarter over quarterUrban Edge Properties: revenue growth, year over year and quarter over quarterY/YQ/Q0%Q4 2024+8%+2%Q1 2025+7%-3%Q2 2025+7%+5%Q3 2025+3%0%Q4 2025+12%+11%Q1 2026+8%-7%Q2 2026
Latest (Q2 2026): Y/Y +8%, Q/Q -7%.
Urban Edge Properties: where the cash came from (+) and went (−), TTM to Q1 2026Urban Edge Properties: where the cash came from (+) and went (−), TTM to Q1 2026Operating cash flow$189MCapital spending−$121MDividends−$98.1MOther financing$69.0MOther investing−$29.0MNet borrowing (+) / repaid (−)−$28.4MCash drawn (+) / kept (−)$22.2MPartners−$3.6MShares issued−$364KTaxes on employees’ shares−$281K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Urban Edge Properties: profit against cash, quarter by quarterUrban Edge Properties: profit against cash, quarter by quarterNet incomeOperating cash flow$32.0M$41.2MQ2 2024$9.5M$36.6MQ3 2024$31.5M$52.4MQ4 2024$8.4M$32.6MQ1 2025$60.8M$43.5MQ2 2025$15.5M$55.7MQ3 2025$12.8M$51.0MQ4 2025$23.5M$39.1MQ1 2026
Latest (Q1 2026): Net income $23.5M, Operating cash flow $39.1M.
Urban Edge Properties: diluted shares by fiscal yearUrban Edge Properties: diluted shares by fiscal year118MFY2020121MFY2021122MFY2022118MFY2023121MFY2024126MFY2025
+6.8% since FY2020: more shares outstanding (issuance, stock pay).
Urban Edge Properties: long-term debt falling due (FY2025)Urban Edge Properties: long-term debt falling due (FY2025)$127M2026$272M2027$135M2028$360M2029$378M2030$346MLater
Cash $48.9M, short-term investments —, long-term debt — at 2025-12-31.
Urban Edge Properties in its industry: growth against margin (35 companies, SIC 6500)Urban Edge Properties in its industry: growth against margin (35 companies, SIC 6500)revenue growth, year over year →↑ operating marginmedian +8%median 10%CBRECWKPrologis, L.P.Digital Realty Trust, L.P.FORRegency Centers LPTiaa Real Estate AccountMRPHPPHudson Pacific Properties, L.P.TRNOUrban Edge Properties LPEFCOPICURBIIPRGTYAHRTCMTGTRCCHCIFPHFRPHSKYHSealy Industrial Partners IV, LPBEEPOZCWDMLPSRG-PARWDMUAIREAEIAOXYUE (+8%, 16%)
Real Estate; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Urban Edge Properties

Urban Edge Properties (“UE”, “Urban Edge” or the “Company”) (NYSE: UE) is a Maryland REIT that owns, manages, acquires, develops, and redevelops retail real estate, primarily in the Washington, D.C. to Boston corridor. Urban Edge Properties LP (“UELP” or the “Operating Partnership”) is a Delaware limited partnership formed to serve as UE’s majority-owned partnership subsidiary and to own, through affiliates, all of our real estate and other assets. Our portfolio is currently comprised of 69 shopping centers, two outlet centers and two malls totaling approximately 17.2 million square feet (“sf”) of gross leasable area with a consolidated occupancy rate of 90.1%.

In its own words, from its 10-K, filed Feb 11, 2026.

Urban Edge Properties against its Real Estate peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +8%. Operating margin: 15.8% against the peers' median 15.9%.

CompanyQuarterRevenueY/YOp. margin
UE Urban Edge PropertiesQ2 2026$123M+8%15.8%
CBRE CBRE GroupQ3 2026$11.5B+13%4.9%
CWK Cushman & WakefieldQ3 2026$2.8B+8%4.6%
Prologis, L.P.Q3 2026$2.4B+8%43.8%
Digital Realty Trust, L.P.Q3 2026$1.9B+21%15.9%
FOR Forestar GroupQ4 FY26$581M-13%13.5%
Regency Centers LPQ3 2026$419M+8%72.3%
Tiaa Real Estate AccountQ3 2026$303M-0.8%298.8%
MRP Millrose PropertiesQ3 2026$211M+18%85.5%

Source: Urban Edge Properties 10-Q on SEC EDGAR · CIK 1611547 · Real Estate

Guidance and outlook

Urban Edge Properties: what its forward-looking statements are about (10-Q filed 2026-08-06)Urban Edge Properties: what its forward-looking statements are about (10-Q filed 2026-08-06)Costs2
2 statements; tone +0.00 (−1 all cautious, +1 all confident); 0 hedged.

13F: who owns UE and who is buying

Largest holders of UE (13F)Largest holders of UE (13F)BlackRock$524MFMR LLC$422MVanguard Group$392MVanguard Portfolio Management LLC$329MState Street$166MVanguard Capital Management LLC$130MJennison Associates LLC$109MResolution Capital$95.9MMillennium Management LLC$85.8MGeode Capital Management, LLC$81.9M
Funds' net buying of UE by quarter (13F)Funds' net buying of UE by quarter (13F)−$75.0M2024-09$17.9M2024-12$32.0M2025-03$5.2M2025-06$14.8M2025-09−$12.0M2025-12$57.4M2026-03−$50.3M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on UE

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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