Filing Flows › Urban Edge Properties (UE) › Q1 2025
Urban Edge Properties (UE) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Urban Edge Properties (UE) reported revenue of $118M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +2% from the quarter before. Operating margin was 7.6%, net earnings $8.2M (6.9% of revenue).
Urban Edge Properties, Q1 2025: revenue $118M (+8% year over year), operating margin 7.6%, net earnings $8.2M, operating cash flow $32.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $118M | +2% | +8% |
| Operating profit | $9.0M | -72% | +189% |
| Net earnings | $8.2M | -73% | +215% |
| Operating cash flow | $32.6M | -38% | +42% |
| Free cash flow | $11.9M | +52% | +334% |
What changed
Revenue was $118.2M in Q1 2025, up 8% year over year and up 2% from the previous quarter. Rental Revenue was the largest line at 100% of revenue. Rental Revenue added $8.5M year over year (up 8%), 100% of the total change. Other income declined 8%.
Operating profit was $9.0M, a 7.6% margin (up 4.8 points year over year). Of the extra revenue versus a year earlier, 69% reached operating profit, above the 3% margin then. Total costs grew 2% against revenue growth of 8%. Net earnings were $8.2M, up 215% year over year. The effective tax rate was 6.9%.
Operating cash flow was $32.6M (up 42% year over year), 389% of net income including minority interests. Non-cash charges added back $37.3M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $15.8M. Capital expenditures of $20.7M left free cash flow of $11.9M.
Questions
What was Urban Edge Properties' revenue in the first quarter 2025?
Urban Edge Properties (UE) reported revenue of $118M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +2% from the quarter before.
Was Urban Edge Properties profitable in the first quarter 2025?
Operating profit was $9.0M (7.6% of revenue) and net earnings $8.2M.