The REIT cites a $155M redevelopment pipeline as key support for its 2026 funds-from-operations guidance.
Urban Edge Properties projected adjusted funds from operations of $1.50 to $1.54 per share for 2026. The forecast follows a strong Q2 2026, where the company reported record adjusted FFO of $0.40 per share, exceeding internal expectations.
Same-property net operating income, including redevelopment, rose 3.2% in the quarter. Management attributed the growth to a $155 million redevelopment pipeline, which is expected to drive future performance.
The company did not disclose immediate market reactions to the guidance or quarterly results.