Only one of our models could value this stock with confidence, so use it as a guide.
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Valued as a REIT (property company): Price to FFO, Dividend discount, and EV/EBITDA comparison.
ACCE opinionUrban Edge Properties Common Shares of Beneficial Interest (UE)
Fair value (2 models)
Not available
ACCE price target
$20.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Price used: $19.33 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount, EV/EBITDA comparison, and Price to FFO.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
47
out of 100
Analysts
33% buy
6 covering
P/E
36.9x
forward 34.7x
1-year return
-5.1%
Dividend yield
4.19%
Urban Edge Properties Common Shares of Beneficial Interest in four questions
Plain answers, details below
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Overview
ACCE thesis
Urban Edge Properties owns and operates shopping centers anchored mostly by grocery and value-oriented tenants in dense urban trade areas, with the bulk of its portfolio concentrated in the New York metro region. The moat is the location itself: neighborhood centers in supply-constrained markets are hard to replicate, and the grocery anchors give traffic that holds up through cycles. Revenue growth of 7.6% and an operating margin of 31.4% show the portfolio is compounding through rent growth and redevelopment rather than just holding occupancy. The stock trades at 36.5 times trailing earnings and 34.7 times forward, a premium that leaves little room for error for a REIT with a 5.1% return on equity and a composite score of 48/100. Before any further work, the question is whether the redevelopment pipeline and leasing spreads can justify a multiple this high, and the 2.7 billion dollar market cap and absence from major indices suggest the name is under-followed enough that the answer may not already be in the price.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Earnings down sharply
Earnings fell 69.3% year over year even though revenue grew 7.6%, and the P/E of 36.8 rests on a much thinner earnings base.
high
Score collapsed in 90 days
The ACCE score dropped 25 points, from 69 to 44, with Growth at 28 and Momentum at 31, pointing to deteriorating fundamentals and trend.
moderate
Leverage elevated
Debt to equity of 1.29 is high for the sector, though free cash flow of $183M gives some cushion against servicing that debt.
moderate
Insider selling without buying
Insiders sold $7.21M across the last 10 disclosed transactions and bought nothing, which is a mild negative signal.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 7.6% year over year and has averaged 7.4% a year over five years, a steady pace of expansion.
Free cash flow over the last twelve months was $183M, and the 6.8% free cash flow yield offers real cash generation against the price.
Analysts' mean price target of $23.50 sits 20.5% above the share price, and the 4.4% dividend yield pays shareholders while they wait.
Why it could disappoint
Return on invested capital of 2.6% and return on equity of 5.1% are thin, so the company earns little on the capital it deploys.
Debt to equity of 1.29 leaves the balance sheet heavily geared, and the diluted share count rose 3.7% last fiscal year, diluting holders.
A trailing P/E of 36.8x and forward P/E of 38.3x price the stock richly, and the ACCE price target of $20.00 sits 3.4% below the current price of $19.33.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 28, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where UE's valuation models land
Price
$19.33
Model fair valueConfidence: medium
$23.09
Model
Fair value
Upside
Dividend discount
EV/EBITDA comparison
Price to FFO
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Quality
INVESTOR
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