Urban Edge Properties (NYSE:UE) is rewarding shareholders after a year of aggressive leasing and portfolio refinement, announcing an 11% increase in its quarterly dividend alongside its fourth-quarter 2025 results.
The New York-based REIT, which focuses on high-density retail in the Washington, D.C.-to-Boston corridor, reported full-year FFO as adjusted of $1.43 per share, representing 6% annual growth and hitting the top end of its previous guidance.
The company’s "capital recycling" strategy—selling lower-growth assets to fund high-yield redevelopments—served as a primary engine for growth in 2025.
During the year, Urban Edge executed over 360,000 square feet of new leases with record cash spreads of 32%.
This leasing momentum pushed retail shop occupancy to an all-time high of 92.6%, a critical metric for driving high-margin "net recovery" revenue.
While fourth-quarter net income appeared lower year-over-year ($0.10 per share vs. $0.24), management noted the comparison was skewed by a large $23.5 million property sale gain in late 2024.
Stripping out one-time items, the core business showed significant strength.