Urban Edge: This Undervalued REIT Has A Clear Edge

Gen Alpha Investing Group Follow Summary Urban Edge offers compelling value post-pullback, trading at a forward P/FFO of 14.0 and yielding 3.9%. UE’s high-quality, grocery-anchored portfolio in dense urban markets drives resilient fundamentals and double-digit leasing spreads. Robust growth is underpinned by a $22 million signed-not-open pipeline, redevelopment projects, and mark-to-market rent upside. With ample liquidity, manageable leverage, and mark-to-market rent upside, I maintain a 'Buy' rating for value and income investors. Looking for a portfolio of ideas like this one? Members of iREIT®+HOYA Capital get exclusive access to our subscriber-only portfolios. Learn More » Getty Images Buying quality names on pullbacks can be a great way to accelerate one’s compounding journey. Such may be the case with Urban Edge ( UE ), which I last covered in early June, highlighting its strong leasing fundamentals and robust signed-not-open This article was written by Gen Alpha 23.51K Followers Follow I am Gen Alpha. I have more than 16 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium- to long-term horizon. I provide high-yield, dividend growth investment ideas in the investing group iREIT®+HOYA Capital. The group helps investors achieve dependable monthly income, portfolio diversification, and inflation hedging. It provides investment research on REITs, ETFs, closed-end funds, preferreds, and dividend champions across asset classes. It offers income-focused portfolios targeting dividend yields up to 10%. Learn more. Analyst’s Disclosure: I/we have a beneficial long position in the shares of UE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.