Urban Edge Properties (UE) Q3 FY2026 earnings: revenue $120 million, down 0.5% on the year

Urban Edge Properties (UE) reported revenue of $120 million for Q3 FY2026, the quarter ended 30 September 2026, down 0.5% on the same quarter a year earlier. Net income was $51 million, up 244.4% on the year, and diluted earnings per share $0.41. The figures are the company's own, from the 10-Q it filed with the SEC on 28 October 2026.

Revenue$120 milliondown 0.5%

Net income$51 millionup 244.4%

Diluted EPS$0.41

QuarterQ3 FY2026ended 30 September 2026

What management said

Guidance figures: 8 raised, 1 kept.

Net income rose on Briarcliff gain: Net income attributable to common shareholders was $51.4 million, or $0.41 per diluted share, against $14.9 million, or $0.12, a year earlier. A $36 million, or $0.27 per share, gain on Briarcliff Commons drove the increase.
FFO as Adjusted per share up 6%: FFO as Adjusted was $0.38 per diluted share against $0.36 a year earlier, and $1.14 for nine months against $1.08. Higher rent on new leases and accretive capital recycling were cited as drivers.
Same-property NOI rose 4.5%: Same-property NOI grew 4.5% in the quarter and 3.5% year to date. Including redevelopment properties, growth was 4.6% and 3.6%. Rent commencements from the signed but not open pipeline drove the increase.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	120	123	120	-0.5%
Interest expense	18.6	18.4	18.1	+2.8%
Pre-tax income	54.7	19.4	16.1	+238.7%
Income tax	0.9	0.7	0.6	+45.3%
Effective tax rate	1.6%	3.9%	3.7%
Net income	51.4	17.9	14.9	+244.4%
Net margin	43.0%	14.6%	12.4%
Diluted EPS	$0.41	$0.14	$0.12	+241.7%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Operating cash flow	65.2	66.7	55.7	+17.2%
Capital expenditure	23.7	42.7	29.6	-19.7%
Free cash flow	41.5	24.0	26.1	+58.9%
Free cash flow margin	34.7%	19.6%	21.7%
Cash from investing	-48.9	-53.4	-31.0	n/a
Cash from financing	-12.4	-7.0	1.9	n/a
Depreciation and amortisation	32.9	35.0	36.8	-10.7%
Share-based compensation	2.9	2.9	2.7	+7.5%
Dividends paid	26.5	26.5	23.9	+10.9%
Dividend per share	$0.21	$0.21	$0.19	+10.5%
Diluted shares, weighted	132m	132m	126m	+4.6%
Shares outstanding at period end	126m	126m	125m	+0.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Shareholders' equity	1,411	1,377	1,386	+1.9%
Debt	1,705	1,688	1,632	+4.5%
Other liabilities	307	319	310	-1.0%
Total liabilities and equity	3,423	3,384	3,328	+2.9%
Intangible assets	83.6	85.2	87.3	-4.2%
Cash and equivalents	62.6	58.3	77.8	-19.5%
Other assets	3,277	3,241	3,163	+3.6%
Total assets	3,423	3,384	3,328	+2.9%

Questions

What was Urban Edge Properties' revenue in Q3 FY2026?

Urban Edge Properties (UE) reported revenue of $120 million for Q3 FY2026, the quarter ended 30 September 2026, down 0.5% on the same quarter a year earlier.

How much did Urban Edge Properties earn in Q3 FY2026?

Net income for Q3 FY2026 was $51 million, up 244.4% on the year, and diluted earnings per share $0.41.

When did Urban Edge Properties report Q3 FY2026 results?

Urban Edge Properties filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 28 October 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025 †	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	129	100	97.9	98.3	102	99.4	99.1	102	117	110	107	112	116	118	114	120	120	133	123	120
Interest expense	13.0	13.3	13.5	14.3	14.5	14.3	17.1	17.9	21.5	19.6	20.9	18.4	18.4	18.6	18.3	18.1	18.3	17.4	18.4	18.6
Pre-tax income	44.2	10.4	12.7	12.1	15.0	-19.4	10.6	54.6	232	3.1	32.6	10.0	32.2	9.0	61.4	16.1	13.5	23.9	19.4	54.7
Tax rate	1%	9%	6%	5%	4%	n/a	0%	31%	-0%	21%	2%	5%	2%	7%	1%	4%	5%	2%	4%	2%
Net income	42.5	9.5	11.6	11.4	13.7	-19.1	10.3	36.1	221	2.6	30.8	9.1	30.1	8.2	58.0	14.9	12.4	22.6	17.9	51.4
Net margin	33%	9%	12%	12%	13%	-19%	10%	35%	190%	2%	29%	8%	26%	7%	51%	12%	10%	17%	15%	43%
Diluted EPS	$0.36	$0.08	$0.10	$0.10	$0.12	-$0.16	$0.09	$0.31	$1.88	$0.02	$0.26	$0.07	$0.24	$0.07	$0.46	$0.12	$0.10	$0.18	$0.14	$0.41
Operating cash flow	42.1	24.5	36.5	37.7	40.9	29.4	39.0	34.4	60.2	22.9	41.2	36.6	52.4	32.6	43.5	55.7	51.0	39.1	66.7	65.2
Capital expenditure	48.9	19.1	29.0	26.9	41.1	23.2	31.6	30.0	31.0	20.2	21.4	24.4	44.6	20.7	23.8	29.6	26.8	40.5	42.7	23.7
Free cash flow	-6.8	5.4	7.4	10.8	-0.1	6.3	7.4	4.4	29.2	2.7	19.9	12.2	7.8	11.9	19.6	26.1	24.2	-1.4	24.0	41.5
Buybacks	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	17.6	18.8	18.8	18.8	18.8	18.8	18.8	18.8	18.8	20.2	20.2	21.2	21.3	23.9	23.9	23.9	23.9	26.4	26.5	26.5
Shares outstanding	117m	117m	117m	117m	117m	118m	117m	117m	118m	118m	118m	118m	125m	125m	125m	125m	126m	126m	126m	126m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 28 October 2026: the filing.