Urban Edge Properties (UE) intrinsic value & 10-year financials
Urban Edge Properties (UE) has a Graham intrinsic value of $2.53 per share. At $19.50 on Oct 17, 2026, the stock trades 671% above that value. Over the last 10 fiscal years revenue grew 4.2% a year to $471.9M, with an average return on invested capital of 6.0%.
- Graham intrinsic value
- $2.53
- Share price (Oct 17, 2026)
- $19.50
- Price vs Graham value
- 671% above
- Market cap
- $2.5B
- Revenue (FY2025)
- $471.9M
- Revenue growth (10-yr CAGR)
- 4.2%
- ROIC (10-yr avg)
- 6.0%
- Free cash flow (FY2025)
- —
UE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $471.9M | $93.5M | $0.74 | — | — | 6.8% |
| FY2024 | $445.0M | $72.6M | $0.60 | — | — | 5.6% |
| FY2023 | $416.9M | $248.5M | $2.11 | — | — | 9.4% |
| FY2022 | $397.9M | $46.2M | $0.39 | — | — | 1.8% |
| FY2021 | $425.1M | $102.7M | $0.88 | — | — | 4.3% |
| FY2020 | $330.1M | $93.6M | $0.79 | — | — | 4.3% |
| FY2019 | $387.6M | $109.5M | $0.91 | — | — | 5.2% |
| FY2018 | $414.2M | $105.2M | $0.92 | — | 29.4% | 5.6% |
| FY2017 | $407.0M | $67.1M | $0.61 | — | 39.7% | 8.9% |
| FY2016 | $326.0M | $90.8M | $0.91 | — | 40.8% | 8.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Urban Edge Properties has demonstrated mature, steady growth, with revenue compounding at 4.2% annually over the past decade.
Urban Edge Properties has historically struggled to out-earn its cost of capital, averaging just 6.0% ROIC.
Urban Edge Properties has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Urban Edge Properties is modeled at -2.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.53 per share.