Filing Flows › Urban Edge Properties (UE) › Q4 2024
Urban Edge Properties (UE) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 12, 2025
Urban Edge Properties (UE) reported revenue of $116M for the fourth quarter 2024 (Q4 2024), -0.2% from a year earlier and +4% from the quarter before. Operating margin was 27.6%, net earnings $30.1M (25.9% of revenue).
Urban Edge Properties, Q4 2024: revenue $116M (-0.2% year over year), operating margin 27.6%, net earnings $30.1M, operating cash flow $52.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $116M | +4% | -0.2% |
| Operating profit | $32.2M | +222% | -86% |
| Net earnings | $30.1M | +232% | -86% |
| Operating cash flow | $52.4M | +43% | -13% |
| Free cash flow | $7.8M | -36% | -73% |
What changed
Revenue was $116.4M in Q4 2024, roughly flat year over year and up 4% from the previous quarter. Rental revenue was the largest line at 100% of revenue.
Operating profit was $32.2M, a 27.6% margin (down 171.3 points year over year). Net earnings were $30.1M, down 86% year over year. The effective tax rate was 2.1%.
Operating cash flow was $52.4M (down 13% year over year), 166% of net income including minority interests. Non-cash charges added back $34.9M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $16.8M. Capital expenditures of $44.6M left free cash flow of $7.8M.
Questions
What was Urban Edge Properties' revenue in the fourth quarter 2024?
Urban Edge Properties (UE) reported revenue of $116M for the fourth quarter 2024 (Q4 2024), -0.2% from a year earlier and +4% from the quarter before.
Was Urban Edge Properties profitable in the fourth quarter 2024?
Operating profit was $32.2M (27.6% of revenue) and net earnings $30.1M.