Financials Urban Edge Properties

Equities

UE

US91704F1049

Commercial REITs

Market Closed - Nyse 01:30:02 27/04/2024 am IST 5-day change 1st Jan Change
16.51 USD -0.42% Intraday chart for Urban Edge Properties +0.86% -9.78%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,325 1,510 2,226 1,655 2,153 1,961 - -
Enterprise Value (EV) 1 3,438 2,678 3,748 3,261 3,783 3,640 3,686 3,729
P/E ratio 21.1 x 16.4 x 21.6 x - 8.67 x 78.6 x 47.2 x -
Yield 4.59% 1.7% 3.16% 4.54% - 4.06% 4.14% 4.36%
Capitalization / Revenue 6.05 x 4.6 x 5.24 x 4.16 x 5.16 x 4.7 x 4.47 x 4.37 x
EV / Revenue 8.94 x 8.16 x 8.82 x 8.19 x 9.07 x 8.73 x 8.39 x 8.31 x
EV / EBITDA 16 x 15.1 x 19.3 x 15.5 x 16.7 x 15.1 x 14.3 x 14.5 x
EV / FCF 194 x 31.8 x 94 x 138 x - 105 x 76.5 x -
FCF Yield 0.52% 3.15% 1.06% 0.72% - 0.95% 1.31% -
Price to Book 2.52 x 1.66 x 2.33 x 1.75 x 1.87 x 1.79 x 1.83 x 1.86 x
Nbr of stocks (in thousands) 1,21,223 1,16,701 1,17,138 1,17,438 1,17,642 1,18,787 - -
Reference price 2 19.18 12.94 19.00 14.09 18.30 16.51 16.51 16.51
Announcement Date 12/02/20 17/02/21 16/02/22 14/02/23 14/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 384.4 328.3 425.1 397.9 416.9 417 439.2 448.6
EBITDA 1 215.1 177.8 194 210.4 227.1 241.6 258.5 257.7
EBIT 1 103.9 52.49 147.9 107.8 90.73 152.6 162.1 170.7
Operating Margin 27.02% 15.99% 34.79% 27.08% 21.76% 36.6% 36.92% 38.06%
Earnings before Tax (EBT) 1 117.5 58.75 109 50.24 277.7 60.9 57.65 76.16
Net income 1 109.5 93.59 102.7 46.17 248.5 24.12 41.22 -
Net margin 28.49% 28.51% 24.16% 11.6% 59.6% 5.78% 9.39% -
EPS 2 0.9100 0.7900 0.8800 - 2.110 0.2100 0.3500 -
Free Cash Flow 1 17.74 84.3 39.9 23.57 - 34.51 48.19 -
FCF margin 4.62% 25.68% 9.39% 5.92% - 8.28% 10.97% -
FCF Conversion (EBITDA) 8.25% 47.41% 20.57% 11.21% - 14.28% 18.64% -
FCF Conversion (Net income) 16.2% 90.07% 38.85% 51.06% - 143.06% 116.9% -
Dividend per Share 2 0.8800 0.2200 0.6000 0.6400 - 0.6700 0.6833 0.7200
Announcement Date 12/02/20 17/02/21 16/02/22 14/02/23 14/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 106 128.6 99.42 97.45 98.18 101.6 99.35 99.06 101.7 116.6 107.7 - - - -
EBITDA 1 48.93 47.86 48.97 51.89 51.72 56.85 54.64 55.42 57.5 59.14 59.64 59.02 61.14 63.96 64.62
EBIT - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 30.81 - - - - - -19.44 10.6 54.6 231.9 6.523 - - - -
Net income 1 27.77 42.45 9.486 11.63 11.38 13.68 -19.12 10.26 36.12 221.2 6.17 5.084 5.084 7.89 8.585
Net margin 26.2% 33.02% 9.54% 11.93% 11.59% 13.46% -19.24% 10.36% 35.5% 189.77% 5.73% - - - -
EPS 2 0.2400 0.3600 0.0800 0.1000 0.1000 0.1200 -0.1600 0.0900 0.3100 1.880 0.0500 0.0400 0.0400 0.0700 0.0700
Dividend per Share 2 0.1500 0.1500 0.1600 0.1600 0.1600 0.1600 0.1600 0.1600 0.1600 - 0.1650 0.1650 0.1650 0.1650 0.1650
Announcement Date 03/11/21 16/02/22 05/05/22 03/08/22 03/11/22 14/02/23 09/05/23 02/08/23 31/10/23 14/02/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,113 1,168 1,523 1,606 1,630 1,679 1,725 1,768
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.176 x 6.571 x 7.85 x 7.635 x 7.178 x 6.95 x 6.674 x 6.859 x
Free Cash Flow 1 17.7 84.3 39.9 23.6 - 34.5 48.2 -
ROE (net income / shareholders' equity) 11.7% 8.58% 10.5% 4.87% 23.4% 5.09% 6.03% 6.69%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 7.610 7.820 8.170 8.030 9.790 9.200 9.030 8.880
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 12/02/20 17/02/21 16/02/22 14/02/23 14/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
16.51 USD
Average target price
19.75 USD
Spread / Average Target
+19.62%
Consensus
  1. Stock Market
  2. Equities
  3. UE Stock
  4. Financials Urban Edge Properties