Urban Edge Properties (UE) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+101.1%

$41.58

vs $20.68 price

Levered DCF

$11.27

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.18

Distress zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	25.93×	35.83×	8.67×	36.13×	21.59×	16.38×	21.08×	18.07×
P/B	1.87×	2.04×	1.87×	1.69×	2.23×	1.6×	2.37×	2.09×
P/S	5.11×	5.86×	5.16×	4.16×	5.23×	4.61×	5.93×	4.57×
EV / EBITDA	12.68×	13.53×	8.51×	16.34×	14.61×	12.34×	12.45×	10.52×
Gross margin	8.6%	-0.7%	15.7%	13.2%	22.4%	2.5%	15.7%	14.9%
Operating margin	26.8%	21.7%	29.9%	27.1%	34.9%	15.9%	26.8%	29.4%
Net margin	19.8%	16.3%	59.6%	11.6%	24.2%	28.4%	28.3%	25.4%
Current ratio	2.54×	1.71×	1.14×	4.64×	11.47×	4.81×	12.21×	13.14×
Debt / equity	1.29×	1.32×	1.55×	1.8×	1.76×	1.75×	1.69×	1.71×
Interest coverage	1.62×	1.18×	1.67×	1.83×	2.56×	0.74×	1.56×	1.88×
Dividend yield	4.0%	3.2%	3.5%	4.5%	5.6%	1.7%	4.6%	5.3%
Payout ratio	102.1%	114.3%	30.3%	162.7%	120.8%	28.5%	96.9%	95.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.3%	5.7%	21.6%	4.7%	10.3%	9.8%	11.3%	11.6%
Return on invested capital	3.8%	2.9%	3.6%	3.4%	5.0%	1.9%	3.7%	4.3%
Return on assets	2.8%	2.2%	7.6%	1.6%	3.4%	3.2%	3.8%	3.8%
Free cash flow yield	7.6%	5.9%	7.6%	1.4%	1.8%	5.5%	2.8%	1.0%
Earnings yield	3.9%	2.8%	11.6%	2.8%	4.6%	6.1%	4.8%	5.6%
Enterprise value	$4B	$4.3B	$3.8B	$3.3B	$3.8B	$2.8B	$3.5B	$3B
Net debt / EBITDA	5.09×	5.23×	3.74×	8.21×	6.09×	5.64×	4.27×	3.89×
Cash conversion cycle (days)	70	76	51	68	58	94	97	128