Headline: Urban Edge Properties Reports Positive Q4 Results
Body:
Real estate investment trust Urban Edge Properties (UE) unveiled its fourth-quarter financial performance on Wednesday. The company reported a robust increase in funds from operations (FFO), a key profitability metric in the REIT industry.
Q4 Highlights:
* FFO of $44.1 million, translating to $0.34 per share
* Net income of $30.1 million, or $0.24 per share
* Revenue of $116.4 million
* Adjusted revenue of $116.3 million
Full-Year Performance:
* FFO of $169.7 million
* Revenue of $444.5 million
Outlook:
Urban Edge Properties projects full-year FFO to fall within the range of $1.37 to $1.42 per share.
Additional Information:
* Zacks Investment Research provides a comprehensive stock report on UE: https://www.zacks.com/ap/UE