Urban Edge Properties (UE) Q3 2024 Earnings Call Transcript Summary
Urban Edge Properties (UE) Q3 2024 Earnings Call Transcript Summary
FFO as adjusted guidance for 2024 was increased to $1.32 to $1.35 per share, reflecting an expected 7% FFO growth for the year.The following is a summary of the Urban Edge Properties (UE) Q3 2024 Earnings Call Transcript:
以下是urban edge properties (UE) 2024年第三季度業績會實錄摘要：
Financial Performance:
金融業績：
Urban Edge Properties reported 9% FFO per share growth compared to the third quarter of last year.
Same property net operating income increased by 5.1%, driven by new rent commencements and contractual rent bumps.
FFO as adjusted guidance for 2024 was increased to $1.32 to $1.35 per share, reflecting an expected 7% FFO growth for the year.
與去年第三季度相比，urban edge properties的每股FFO增長了9%。
同一物業淨營業收入增長了5.1%，主要受新租賃開始和合同租金上漲的推動。
2024年FFO調整後的指引上調至每股1.32至1.35美元，反映了該年預期的7% FFO增長。
Business Progress:
業務進展：
In Q3, Urban Edge acquired The Village at Waugh Chapel, a grocery-anchored shopping center, for $126 million and sold a freestanding Home Depot at a cap rate of 5.35%, showcasing active capital recycling.
Leasing activity remained robust with 23 new leases signed, leading to a record shop occupancy of 90.4%.
The company is engaged in low risk redevelopment projects expected to generate significant returns.
第三季度，urban edge properties以5.35%的資本化率收購了waugh chapel村，一個以雜貨爲主的購物中心，售出了一家宅基地家得寶，展示了積極的資本回轉。
租賃活動持續活躍，簽訂了23份新租約，導致創紀錄的店鋪佔用率達到了90.4%。
該公司參與低風險的再開發項目，預計將帶來可觀的回報。
Opportunities:
機會：
Urban Edge continues to target acquisitions in highly competitive markets with a focus on high-quality shopping centers utilizing their strong local market expertise and structured capital recycling.
The company's strategy includes leveraging opportunities in strong retail fundamentals, focusing on accretive acquisitions and dispositions of high value, low growth assets.
urban edge properties繼續以高競爭性市場爲目標，專注於利用其強大的當地市場專業知識和結構化資本回收策略來獲得高質量購物中心的收購。
該公司的策略包括利用強勁的零售基本面中的機遇，專注於具有增值效應的收購和處置高價值、低增長資產。
Risks:
風險：
Increased competitive pressure in the acquisition market may impact the company's ability to secure desirable assets.
Potential short-term exposures from lease terminations, although mitigated by strong demand for retail spaces in prime locations.
併購市場的競爭壓力增加可能會影響公司獲得理想資產的能力。
雖然受到對優越位置零售空間的強勁需求的緩解，但租約終止可能會帶來潛在的短期風險敞口。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。