Urban Edge Properties reports results for the quarter ended September 30 - Earnings Summary

• Urban Edge Properties UE.N reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of three analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 11 cents to 12 cents per share.

• Revenue fell 0.5% to $119.56 million from a year ago; analysts expected $99.42 million.

• Urban Edge Properties's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $51.44 million.

• Urban Edge Properties shares had fallen by 1.4% this quarter and gained 0.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

This summary was machine generated from LSEG data October 28 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)