Filing Flows › Urban Edge Properties (UE) › Q1 2026
Urban Edge Properties (UE) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Urban Edge Properties (UE) reported revenue of $133M for the first quarter 2026 (Q1 2026), +12% from a year earlier and +11% from the quarter before. Operating margin was 18.0%, net earnings $22.6M (17.1% of revenue).
Urban Edge Properties, Q1 2026: revenue $133M (+12% year over year), operating margin 18.0%, net earnings $22.6M, operating cash flow $39.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $133M | +11% | +12% |
| Operating profit | $23.9M | +77% | +166% |
| Net earnings | $22.6M | +82% | +176% |
| Operating cash flow | $39.1M | -23% | +20% |
What changed
Revenue was $132.6M in Q1 2026, up 12% year over year and up 11% from the previous quarter. Rental Revenue was the largest line at 94% of revenue. Other income added $8.4M year over year (up 11460%), 58% of the total change.
Operating profit was $23.9M, a 18.0% margin (up 10.4 points year over year). Of the extra revenue versus Q1 2025, 103% reached operating profit, above the 8% margin then. Total costs fell 0% while revenue rose 12%. Net earnings were $22.6M, up 176% year over year. The effective tax rate was 1.6%.
Operating cash flow was $39.1M (up 20% year over year), 166% of net income including minority interests. Non-cash charges added back $32.4M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items used $20.5M. Capital expenditures of $40.5M exceeded it, leaving free cash flow of −$1.4M.
Questions
What was Urban Edge Properties' revenue in the first quarter 2026?
Urban Edge Properties (UE) reported revenue of $133M for the first quarter 2026 (Q1 2026), +12% from a year earlier and +11% from the quarter before.
Was Urban Edge Properties profitable in the first quarter 2026?
Operating profit was $23.9M (18.0% of revenue) and net earnings $22.6M.