Urban Edge Properties: Q3 Earnings Snapshot
By AP News
Published - Oct 30, 2024, 07:22 AM ET
Last Updated - Dec 16, 2024, 05:51 PM EST
NEW YORK (AP) — NEW YORK (AP) — Urban Edge Properties (UE) on Wednesday reported a key measure of profitability in its third quarter.
The New York-based real estate investment trust said it had funds from operations of $44.7 million, or 35 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $9.1 million, or 7 cents per share.
