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Urban Edge Properties (NYSE:UE) CEO and Chairman Jeffrey S. Olson recently executed significant stock transactions, according to a Form 4 filing with the Securities and Exchange Commission. On February 14 and February 18, Olson sold a total of 299,000 common shares of the real estate investment trust, generating approximately $6.2 million in proceeds. The shares were sold at prices ranging from $20.535 to $20.9509. The sales come as the company’s stock has gained 24% over the past year, with InvestingPro analysis indicating the stock is trading above its Fair Value. The REIT, currently valued at $2.7 billion, shows notably high earnings and EBITDA multiples.
These transactions followed a series of conversions on February 13, where Olson converted LTIP Units into common shares, though these conversions did not involve any cash transactions. Following these activities, Olson’s direct ownership of Urban Edge Properties common shares stands at 1,930.8 shares. For comprehensive insider trading analysis and additional insights, including 6 key ProTips and detailed valuation metrics, visit InvestingPro, where you’ll find the complete Pro Research Report on Urban Edge Properties.
In other recent news, Urban Edge Properties reported robust financial results for the fourth quarter of 2024, significantly surpassing earnings per share (EPS) expectations. The company posted an EPS of $0.24, well above the forecasted $0.05. Revenue also exceeded projections, coming in at $116.37 million compared to the anticipated $108.44 million. Full Year 2024 FFO as Adjusted grew by 8% to $1.35 per share. The company also increased its annual dividend by 12% to $0.76.
Urban Edge Properties demonstrated strong performance in the fourth quarter of 2024, with significant growth in funds from operations (FFO) as adjusted, which reached $0.34 per share. The company’s strategic initiatives, such as redevelopment projects and strong leasing volumes, contributed to its success.
Looking ahead, Urban Edge Properties provided guidance for 2025, projecting FFO as adjusted in the range of $1.37 to $1.42 per share.
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