{"product_id":"ue-vrio-analysis","title":"Urban Edge Properties (UE): VRIO Analysis [Mar-2026 Updated]","description":"\u003cbr\u003e\u003cp\u003eUnlock the secrets to Urban Edge Properties (UE)'s market position with this razor-sharp VRIO analysis. We've dissected its core competencies against the criteria of Value, Rarity, Inimitability, and Organization to deliver a distilled summary of its true competitive advantage. Don't just wonder what makes Urban Edge Properties (UE) tick - read on to see the definitive verdict on its sustainability.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eUrban Edge Properties (UE) - VRIO Analysis: Geographic Concentration in Supply-Constrained Urban Markets\n\u003c\/h2\u003e\n\n\u003cp\u003eYou’re looking at Urban Edge Properties (UE) and trying to figure out if their location strategy is a true competitive moat, not just a nice-to-have. Honestly, the data from their Q3 2025 results strongly suggests it is. Their entire portfolio is laser-focused on the D.C. to Boston corridor, which is the most densely populated region in the U.S., boasting an average 3-mile population density of \u003cstrong\u003e200,000\u003c\/strong\u003e people - the highest in the retail REIT sector. This scarcity of land and high demand is what drives their pricing power.\u003c\/p\u003e\n\n\u003cp\u003eHere’s the quick math on how this geography translates to performance through the third quarter of 2025. Their same-property Net Operating Income (NOI) growth, including redevelopment, hit \u003cstrong\u003e4.7%\u003c\/strong\u003e year-over-year for Q3. Plus, their shop leased occupancy is holding strong at \u003cstrong\u003e92.5%\u003c\/strong\u003e. This isn't accidental; it’s the direct result of owning irreplaceable assets where new supply is nearly impossible to create.\u003c\/p\u003e\n\n\u003ch\u003eVRIO Framework Assessment\u003c\/h\u003e\n\n\u003cp\u003eWe assess this geographic concentration across the four VRIO dimensions to see if it provides a sustained advantage. The results are compelling, especially when you look at the recent acquisition activity in Boston, which cost \u003cstrong\u003e$39 million\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003ctable\u003e\n  \u003ctr\u003e\n    \u003cth\u003eVRIO Dimension\u003c\/th\u003e\n    \u003cth\u003eAssessment\u003c\/th\u003e\n    \u003cth\u003eSupporting 2025 Data\/Observation\u003c\/th\u003e\n  \u003c\/tr\u003e\n  \u003ctr\u003e\n    \u003ctd\u003e\u003cstrong\u003eValue (V)\u003c\/strong\u003e\u003c\/td\u003e\n    \u003ctd\u003eYes\u003c\/td\u003e\n    \u003ctd\u003eAccess to the nation's densest trade areas supports premium rental rates and asset values. Same-property NOI growth was \u003cstrong\u003e4.1%\u003c\/strong\u003e YTD.\u003c\/td\u003e\n  \u003c\/tr\u003e\n  \u003ctr\u003e\n    \u003ctd\u003e\u003cstrong\u003eRarity (R)\u003c\/strong\u003e\u003c\/td\u003e\n    \u003ctd\u003eYes\u003c\/td\u003e\n    \u003ctd\u003eThe scale of their presence in this specific, high-barrier-to-entry region is rare among peers. They own \u003cstrong\u003e73\u003c\/strong\u003e properties totaling \u003cstrong\u003e17.2 million\u003c\/strong\u003e square feet in this corridor.\u003c\/td\u003e\n  \u003c\/tr\u003e\n  \u003ctr\u003e\n    \u003ctd\u003e\u003cstrong\u003eImitability (I)\u003c\/strong\u003e\u003c\/td\u003e\n    \u003ctd\u003eHigh Cost\/Difficult\u003c\/td\u003e\n    \u003ctd\u003eAcquiring comparable, already-developed, in-fill properties is extremely difficult and expensive now. Capital recycling over the last two years saw dispositions at a \u003cstrong\u003e5%\u003c\/strong\u003e cap rate, indicating high asset values.\u003c\/td\u003e\n  \u003c\/tr\u003e\n  \u003ctr\u003e\n    \u003ctd\u003e\u003cstrong\u003eOrganization (O)\u003c\/strong\u003e\u003c\/td\u003e\n    \u003ctd\u003eHigh\u003c\/td\u003e\n    \u003ctd\u003eThe entire investment and leasing strategy is tailored to maximize value from these dense locations, evidenced by leasing spreads of \u003cstrong\u003e21%\u003c\/strong\u003e in Q3.\u003c\/td\u003e\n  \u003c\/tr\u003e\n\u003c\/table\u003e\n\n\u003ch\u003eCompetitive Advantage Implications\u003c\/h\u003e\n\n\u003cp\u003eWhen you combine these factors, the conclusion is clear: this geographic focus is a \u003cstrong\u003eSustained Competitive Advantage\u003c\/strong\u003e. Location scarcity in mature, supply-constrained urban markets is a permanent feature, unlike a temporary technological lead.\u003c\/p\u003e\n\n\u003cul\u003e\n\u003cli\u003eValue is confirmed by strong leasing spreads: \u003cstrong\u003e40%\u003c\/strong\u003e on new leases YTD.\u003c\/li\u003e\n\u003cli\u003eRarity is quantified by portfolio concentration in the highest density markets.\u003c\/li\u003e\n\u003cli\u003eImitability is high due to rising costs and lack of developable land.\u003c\/li\u003e\n\u003cli\u003eOrganization is high, as seen by raising 2025 FFO guidance to \u003cstrong\u003e$1.42 to $1.44\u003c\/strong\u003e per share.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003eWhat this estimate hides is the risk of tenant concentration; for example, a single large anchor vacancy caused a 20 basis point dip in overall leased occupancy in Q3. Still, the management team is actively replacing tenants, executing 31 deals in the quarter.\u003c\/p\u003e\n\n\u003cp\u003eFinance: draft 13-week cash view by Friday.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eUrban Edge Properties (UE) - VRIO Analysis: High-Quality, Grocery-Anchored Tenant Base\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Grocers provide essential traffic, underpinning high overall leased occupancy. Same-property portfolio leased occupancy was \u003cstrong\u003e96.6%\u003c\/strong\u003e as of December 31, 2024. Shop leased occupancy reached \u003cstrong\u003e92.5%\u003c\/strong\u003e as of the third quarter of 2025.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderate; many peers have grocers, but UE’s concentration and the high sales productivity of their anchors are sector-leading. The portfolio comprises \u003cstrong\u003e75 properties\u003c\/strong\u003e totaling \u003cstrong\u003e17.4 million square feet\u003c\/strong\u003e of gross leasable area as of December 31, 2024.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Moderate; competitors can buy similar assets, but replicating the sales performance takes time and market maturity. New leases executed in the fourth quarter of 2024 generated an average cash spread of \u003cstrong\u003e44%\u003c\/strong\u003e on a same-space basis.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; management actively targets and backfills anchor spaces with strong credit tenants. In 2024, the Company acquired \u003cstrong\u003e$552 million\u003c\/strong\u003e of high-quality retail assets at a \u003cstrong\u003e7%\u003c\/strong\u003e capitalization rate and sold over \u003cstrong\u003e$425 million\u003c\/strong\u003e of non-core assets at a \u003cstrong\u003e5%\u003c\/strong\u003e capitalization rate.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary; strong tenant mix can shift, but the current quality provides a near-term buffer. New leases executed in the third quarter of 2025 generated an average cash spread of \u003cstrong\u003e21%\u003c\/strong\u003e.\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eMetric\u003c\/td\u003e\n\u003ctd\u003eValue\u003c\/td\u003e\n\u003ctd\u003eDate\/Period\u003c\/td\u003e\n\u003ctd\u003eSource Context\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eSame-Property Portfolio Leased Occupancy\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e96.6%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eDecember 31, 2024\u003c\/td\u003e\n\u003ctd\u003eYear End\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eShop Leased Occupancy\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e92.5%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eQ3 2025\u003c\/td\u003e\n\u003ctd\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew Lease Cash Spread (Same-Space Basis)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e44%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eQ4 2024\u003c\/td\u003e\n\u003ctd\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew Lease Cash Spread (Same-Space Basis)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e21%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eQ3 2025\u003c\/td\u003e\n\u003ctd\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Portfolio Gross Leasable Area\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e17.4 million sf\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eDecember 31, 2024\u003c\/td\u003e\n\u003ctd\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2024 Acquisitions Capitalization Rate\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e7%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e2024\u003c\/td\u003e\n\u003ctd\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eLeasing activity metrics supporting tenant quality:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eExecuted \u003cstrong\u003e165\u003c\/strong\u003e new leases, renewals and options totaling \u003cstrong\u003e2,396,000 sf\u003c\/strong\u003e on a same-space basis during 2024.\u003c\/li\u003e\n\u003cli\u003eExecuted \u003cstrong\u003e45\u003c\/strong\u003e new leases, renewals and options totaling \u003cstrong\u003e683,000 sf\u003c\/strong\u003e during Q3 2024.\u003c\/li\u003e\n\u003cli\u003eExecuted \u003cstrong\u003e42\u003c\/strong\u003e new leases, renewals and options totaling \u003cstrong\u003e434,000 sf\u003c\/strong\u003e during Q1 2025.\u003c\/li\u003e\n\u003cli\u003eSigned leases not yet rent commenced expected to generate an additional \u003cstrong\u003e$23.8 million\u003c\/strong\u003e of future annual gross rent as of September 30, 2024, representing approximately \u003cstrong\u003e9%\u003c\/strong\u003e of current annualized NOI.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eUrban Edge Properties (UE) - VRIO Analysis: Exceptional Leasing Momentum and Spread Generation\n\u003c\/h2\u003e\n\u003cp\u003e\nThe ability to command significant rent increases is a core component of current value creation.\n\u003c\/p\u003e\n\u003ch3\u003eValue\u003c\/h3\u003e\n\u003cp\u003e\nThe ability to command significant rent increases, evidenced by year-to-date leasing spreads averaging \u003cstrong\u003e40%\u003c\/strong\u003e on new leases in 2025, directly boosting Same-Property NOI growth guidance to a midpoint of \u003cstrong\u003e5.25%\u003c\/strong\u003e. The Q3 2025 new lease cash spread was \u003cstrong\u003e61.0%\u003c\/strong\u003e on \u003cstrong\u003e82,000\u003c\/strong\u003e square feet of new leases.\n\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003ePeriod\/Basis\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew Lease Cash Spread\u003c\/td\u003e\n\u003ctd\u003eYear-to-Date 2025\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e40%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRenewal Cash Spread\u003c\/td\u003e\n\u003ctd\u003eYear-to-Date 2025\u003c\/td\u003e\n\u003ctd\u003eNearly \u003cstrong\u003e10%\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew Lease Cash Spread\u003c\/td\u003e\n\u003ctd\u003eQ3 2025 (Same-Space)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e61.0%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew Leases, Renewals, Options Cash Spread\u003c\/td\u003e\n\u003ctd\u003eQ3 2025 (Same-Space Basis)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e20.6%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSame-Property NOI Growth Guidance\u003c\/td\u003e\n\u003ctd\u003eFull Year 2025 (Midpoint)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e5.25%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003ch3\u003eRarity\u003c\/h3\u003e\n\u003cp\u003e\nModerate; while spreads are high across the sector, UE’s consistent execution is notable. The Same-Property Portfolio Leased Occupancy stood at \u003cstrong\u003e96.6%\u003c\/strong\u003e as of September 30, 2025.\n\u003c\/p\u003e\n\u003ch3\u003eImitability\u003c\/h3\u003e\n\u003cp\u003e\nModerate; this is driven by operational skill and market timing, which can be copied but requires discipline. The Signed Not Open (SNO) pipeline is expected to generate an additional \u003cstrong\u003e$21.5 million\u003c\/strong\u003e of future annual gross rent.\n\u003c\/p\u003e\n\u003ch3\u003eOrganization\u003c\/h3\u003e\n\u003cp\u003e\nHigh; the leasing team is clearly incentivized and structured to capitalize on every vacancy.\n\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eShop Occupancy Rate as of September 30, 2025: \u003cstrong\u003e92.5%\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eTotal leasing activity in Q3 2025: \u003cstrong\u003e31\u003c\/strong\u003e deals aggregating \u003cstrong\u003e347,000\u003c\/strong\u003e square feet.\u003c\/li\u003e\n\u003cli\u003eThe company has a portfolio of over \u003cstrong\u003e73\u003c\/strong\u003e properties and more than \u003cstrong\u003e17.2 million\u003c\/strong\u003e square feet of gross leasable area.\u003c\/li\u003e\n\u003cli\u003eThe company's mission includes enhancing communities through strategic leasing, redevelopment, and acquisitions.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eCompetitive Advantage\u003c\/h3\u003e\n\u003cp\u003e\nTemporary; market tightness is driving this, but it relies on continuous execution. The Q3 2025 Same-Property NOI growth, including redevelopment, was \u003cstrong\u003e4.7%\u003c\/strong\u003e year-over-year.\n\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eUrban Edge Properties (UE) - VRIO Analysis: High-Yield Redevelopment and Repositioning Pipeline\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eHigh-Yield Redevelopment and Repositioning Pipeline\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Generating outsized returns on invested capital, with the current pipeline targeting an unlevered yield of \u003cstrong\u003e15%\u003c\/strong\u003e, far exceeding typical acquisition cap rates, such as recent acquisitions completed at a \u003cstrong\u003e7.2%\u003c\/strong\u003e cap rate.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderate; many REITs have pipelines, but a sustained \u003cstrong\u003e15%\u003c\/strong\u003e projected yield is high for core retail when compared to recent acquisition cap rates of approximately \u003cstrong\u003e7.2%\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Moderate; the expertise in identifying and executing these specific urban repositionings is not easily replicated.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; \u003cstrong\u003e$149.1 million\u003c\/strong\u003e in active redevelopment projects were underway as of September 30, 2025, with estimated remaining costs to complete of \u003cstrong\u003e$72.5 million\u003c\/strong\u003e. These projects carry relatively low risk, as \u003cstrong\u003e90%\u003c\/strong\u003e of the planned costs are associated with pre-leased spaces.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Sustained; this specialized skill set in urban infill development is a core competency.\u003c\/p\u003e\n\u003cp\u003eKey Financial and Statistical Data for Redevelopment Pipeline:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003cth\u003eContext\/Date\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTarget Unlevered Yield\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e15%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eActive redevelopment projects as of September 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eActive Projects Underway (Cost)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$149.1 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eAs of September 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEstimated Remaining Costs to Complete\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$72.5 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eAs of September 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePre-Leased Cost Allocation\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e90%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eOf planned costs for these projects\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCompleted Projects Yield (Recent)\u003c\/td\u003e\n\u003ctd\u003eApproximately \u003cstrong\u003e17%\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003ctd\u003eAverage yield for projects completed over the last 12 months ending September 30, 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRecent Acquisition Cap Rate (Proxy)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e7.2%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eCap rate on acquisitions over the past 18 months (early 2025 data)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003ePipeline Activity Details:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eCompleted \u003cstrong\u003e$30 million\u003c\/strong\u003e in redevelopment projects expected to generate a \u003cstrong\u003e16%\u003c\/strong\u003e return (as of early 2025).\u003c\/li\u003e\n\u003cli\u003eCompleted projects over the last 12 months totaled \u003cstrong\u003e$48.6 million\u003c\/strong\u003e of investment with an expected average yield of approximately \u003cstrong\u003e17%\u003c\/strong\u003e (as of September 30, 2025).\u003c\/li\u003e\n\u003cli\u003eSigned leases not yet rent commenced are expected to generate an additional \u003cstrong\u003e$21.5 million\u003c\/strong\u003e of future annual gross rent (representing approximately \u003cstrong\u003e7%\u003c\/strong\u003e of current annualized NOI as of September 30, 2025).\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eUrban Edge Properties (UE) - VRIO Analysis: Disciplined Capital Recycling Program\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Systematically upgrading the portfolio by selling lower-growth assets to fund higher-quality acquisitions, driving accretive growth.\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eActivity Metric\u003c\/th\u003e\n\u003cth\u003eAmount (USD)\u003c\/th\u003e\n\u003cth\u003eCap Rate\u003c\/th\u003e\n\u003cth\u003ePeriod\/Context\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eNon-Core Dispositions\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$427 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e5.2%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eOver past 18 months (as of early 2025 reporting)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eHigher-Quality Acquisitions\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$552 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e7.2%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eOver past 18 months (as of early 2025 reporting)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFY 2024 Dispositions\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$109 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e5.2%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eFull Year 2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFY 2024 Acquisitions\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$243 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e7.2%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eFull Year 2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImplied Investment Spread\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e200 bps\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003ctd\u003eOver past 2 years\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eThe capital recycling contributed to an \u003cstrong\u003e8%\u003c\/strong\u003e increase in FFO as Adjusted per share in 2024, reaching \u003cstrong\u003e$1.35\u003c\/strong\u003e per share.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Low; most REITs recycle capital, but UE’s consistent, accretive execution is a hallmark.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e High; the market timing and discipline required to execute this at scale is hard to match.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; this is a stated, multi-year strategic pillar that guides all major balance sheet moves.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eThis strategy is a core component of Balance Sheet Stewardship.\u003c\/li\u003e\n\u003cli\u003eIt is cited as a driver of strong performance, achieving a three-year earnings target one year ahead of plan.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Sustained; it’s a core part of their DNA for portfolio quality improvement.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe activity refines the portfolio toward higher-growth assets.\u003c\/li\u003e\n\u003cli\u003eThe strategy is underpinned by an attractive geographic footprint in the Washington D.C. to Boston corridor.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eUrban Edge Properties (UE) - VRIO Analysis: Exceptional Balance Sheet Liquidity\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Maintaining significant dry powder, with total liquidity over \u003cstrong\u003e$900 million\u003c\/strong\u003e and zero balance drawn on the $800 million credit facility as of the third quarter of 2025, allowing opportunistic buying. Cash on hand reached \u003cstrong\u003e$145 million\u003c\/strong\u003e in Q3 2025.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderate; many peers have liquidity, but UE’s combination of high cash and undrawn capacity is strong.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Moderate; it requires consistent operational cash flow and conservative leverage management.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; the finance team actively manages the revolver availability and cash balances to stay ahead of needs.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary; liquidity levels fluctuate based on capital markets activity.\u003c\/p\u003e\n\u003cp\u003eThe evolution of key liquidity metrics through the first three quarters of 2025 demonstrates this strength:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eMetric\u003c\/td\u003e\n\u003ctd\u003eQ1 2025 (Mar 31)\u003c\/td\u003e\n\u003ctd\u003eQ2 2025 (Jun 30)\u003c\/td\u003e\n\u003ctd\u003eQ3 2025 (Sep 30 Est.)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Liquidity\u003c\/td\u003e\n\u003ctd\u003e$\\sim$\u003cstrong\u003e$791 million\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003ctd\u003e$\\sim$\u003cstrong\u003e$796 million\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003ctd\u003eOver \u003cstrong\u003e$900 million\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCash on Hand\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$98 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$118 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$145 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRevolving Credit Facility Size\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$800 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$800 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$800 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDrawn on Credit Facility\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e$75 million\u003c\/strong\u003e (initial balance)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$90 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$0\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eFurther financial context supporting balance sheet strength:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eNet debt to total market capitalization stood at \u003cstrong\u003e37%\u003c\/strong\u003e as of June 30, 2025.\u003c\/li\u003e\n\u003cli\u003eNet debt to annualized EBITDA was \u003cstrong\u003e5.6x\u003c\/strong\u003e at the end of Q3 2025.\u003c\/li\u003e\n\u003cli\u003eOutstanding indebtedness consists of \u003cstrong\u003e100%\u003c\/strong\u003e nonrecourse fixed-rate mortgage debt as of Q3 2025.\u003c\/li\u003e\n\u003cli\u003eDebt maturities through December 2026 aggregated \u003cstrong\u003e$138.3 million\u003c\/strong\u003e, representing approximately \u003cstrong\u003e9%\u003c\/strong\u003e of outstanding debt as of June 30, 2025.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eUrban Edge Properties (UE) - VRIO Analysis: Favorable, Non-Recourse Debt Structure\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue: Minimizing interest rate risk and maximizing financial flexibility by using fixed-rate, single-asset, non-recourse mortgages, with only about 8% of debt maturing through the end of 2026.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eAs of March 31, 2025, Mortgages payable totaled \u003cstrong\u003e$1.58 billion\u003c\/strong\u003e, with a weighted average term to maturity of \u003cstrong\u003e4.5 years\u003c\/strong\u003e, all of which is fixed rate or hedged. Limited debt maturities aggregating \u003cstrong\u003e$139 million\u003c\/strong\u003e are coming due through December 31, 2026, representing approximately \u003cstrong\u003e8%\u003c\/strong\u003e of outstanding debt.\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eMaturity Period\u003c\/td\u003e\n\u003ctd\u003eAggregate Maturity Amount\u003c\/td\u003e\n\u003ctd\u003ePercentage of Outstanding Debt\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eThrough December 31, 2025\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$23.6 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eNot explicitly stated as a percentage of total debt for this sub-period\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eThrough December 31, 2026\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$115.4 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003ePart of the \u003cstrong\u003e8%\u003c\/strong\u003e total\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Through December 31, 2026\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$139 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e8%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eA new nonrecourse mortgage secured in Q3 2025 was \u003cstrong\u003e$123.6 million\u003c\/strong\u003e at a fixed rate of \u003cstrong\u003e5.1%\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity: High; the near-total reliance on this specific, conservative debt type is uncommon in the sector.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eAs of Q3 2025, outstanding indebtedness consisted of \u003cstrong\u003e100%\u003c\/strong\u003e nonrecourse fixed-rate mortgage debt. In 2023, the company reported less than \u003cstrong\u003e13%\u003c\/strong\u003e of total debt maturing through the end of 2026, stated as the lowest percentage in the shopping center REIT sector.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability: Moderate; it requires a specific, long-term commitment to a particular lending relationship structure.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eExamples of long-term fixed-rate, single-asset, non-recourse financing include:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003c\/li\u003e\n\u003cli\u003eRefinancing Bergen Town Center in 2023 with a new \u003cstrong\u003e$290 million\u003c\/strong\u003e, \u003cstrong\u003e6.3%\u003c\/strong\u003e, \u003cstrong\u003e7-year\u003c\/strong\u003e fixed mortgage.\u003c\/li\u003e\n\u003cli\u003e\n\u003c\/li\u003e\n\u003cli\u003eSecuring a new \u003cstrong\u003e$82 million\u003c\/strong\u003e, \u003cstrong\u003e6.6%\u003c\/strong\u003e, \u003cstrong\u003e10-year\u003c\/strong\u003e fixed rate mortgage for The Shops at Caguas in 2023.\u003c\/li\u003e\n\u003cli\u003e\n\u003c\/li\u003e\n\u003cli\u003eExecuting a new \u003cstrong\u003e$50 million\u003c\/strong\u003e loan at a fixed rate of \u003cstrong\u003e6.30%\u003c\/strong\u003e for \u003cstrong\u003e5 years\u003c\/strong\u003e in Q1 2024.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization: High; this structure is embedded in their financing philosophy, reducing refinancing risk.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003c\/li\u003e\n\u003cli\u003eNet debt to total market capitalization was \u003cstrong\u003e37%\u003c\/strong\u003e as of March 31, 2025.\u003c\/li\u003e\n\u003cli\u003e\n\u003c\/li\u003e\n\u003cli\u003e2025 FFO as Adjusted guidance range is \u003cstrong\u003e$1.37\u003c\/strong\u003e to \u003cstrong\u003e$1.42\u003c\/strong\u003e per diluted share.\u003c\/li\u003e\n\u003cli\u003e\n\u003c\/li\u003e\n\u003cli\u003eInterest and debt expense guidance for full-year 2025 ranges from \u003cstrong\u003e$78.5 million\u003c\/strong\u003e to \u003cstrong\u003e$80.5 million\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003e\n\u003c\/li\u003e\n\u003cli\u003eTotal liquidity was approximately \u003cstrong\u003e$791 million\u003c\/strong\u003e as of March 31, 2025.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage: Sustained; as long as they maintain this strategy, the benefit persists.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe strategy supports capital deployment at favorable rates, with over the past two years, acquisitions totaling \u003cstrong\u003e$552 million\u003c\/strong\u003e at an average capitalization rate of \u003cstrong\u003e7%\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eUrban Edge Properties (UE) - VRIO Analysis: Proven Track Record of FFO Growth Execution\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Consistently exceeding expectations, raising 2025 FFO as adjusted guidance to \u003cstrong\u003e$1.42 to $1.44 per share\u003c\/strong\u003e, implying a \u003cstrong\u003e6% growth\u003c\/strong\u003e midpoint over 2024. Full year 2024 FFO as Adjusted per diluted share was \u003cstrong\u003e$1.35\u003c\/strong\u003e. Year-to-date FFO as adjusted growth through Q3 2025 reached \u003cstrong\u003e7%\u003c\/strong\u003e compared to the first 9 months of the prior year.\u003c\/p\u003e\n\u003cp\u003eThe execution in leasing has been strong, with year-to-date leasing spreads averaging \u003cstrong\u003e40%\u003c\/strong\u003e on new deals as of Q3 2025. The Signed Not Open (SNO) pipeline is valued at \u003cstrong\u003e$21.5 million\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003e\n\u003c\/p\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eFY 2024 Actual\u003c\/th\u003e\n\u003cth\u003e2025 Guidance Midpoint\u003c\/th\u003e\n\u003cth\u003eLatest YTD Performance\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFFO as Adjusted per Share\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.35\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e$1.43\u003c\/strong\u003e (Midpoint of $1.42-$1.44)\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e7%\u003c\/strong\u003e Growth (YTD Q3 2025 vs prior year)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSame-Property NOI Growth (Including Redevelopment)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e4.3%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e5.25%\u003c\/strong\u003e (Midpoint of raised guidance)\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e4.7%\u003c\/strong\u003e (Q3 2025 Year-over-Year)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew Lease Spreads\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e40%\u003c\/strong\u003e (Year-to-Date)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderate; many companies set targets, but UE has a history of hitting or beating them. The company raised its 2025 FFO as adjusted guidance by \u003cstrong\u003e$0.01 per share\u003c\/strong\u003e at the midpoint in its latest update.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Moderate; this is a result of the other capabilities working in concert. Capital recycling efforts over the past two years involved \u003cstrong\u003e$600 million\u003c\/strong\u003e in acquisitions at an average \u003cstrong\u003e7% cap rate\u003c\/strong\u003e and \u003cstrong\u003e$500 million\u003c\/strong\u003e in noncore asset dispositions at a \u003cstrong\u003e5% cap rate\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; the entire management team is aligned around delivering these key metrics. Shop occupancy rate stood at \u003cstrong\u003e92.5%\u003c\/strong\u003e as of Q3 2025.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary; past performance doesn't guarantee future results, but it builds investor trust.\u003c\/p\u003e\n\u003cp\u003eFurther operational statistics supporting the track record include:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eLeasing activity in Q3 2025 totaled \u003cstrong\u003e347,000 square feet\u003c\/strong\u003e across \u003cstrong\u003e31 deals\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eNew leases in Q3 2025 showed a spread of \u003cstrong\u003e61%\u003c\/strong\u003e, largely due to anchor leases with HomeGoods and Ross.\u003c\/li\u003e\n\u003cli\u003eThe redevelopment pipeline totals \u003cstrong\u003e$149 million\u003c\/strong\u003e with a projected yield of \u003cstrong\u003e15%\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eThe rolling 12-month total for projects stabilized is \u003cstrong\u003e$49 million\u003c\/strong\u003e at a blended yield of \u003cstrong\u003e17%\u003c\/strong\u003e.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eUrban Edge Properties (UE) - VRIO Analysis: Deep Institutional Knowledge of Urban Retail Tenancy\n\u003c\/h2\u003e\n\u003ch\u003eValue\u003c\/h\u003e\n\u003cp\u003eUnderstanding the specific needs of essential urban retailers allows for securing high spreads when backfilling spaces from bankrupt tenants, reinforcing the durability of their cash flow. This expertise is evidenced by executed same-space new lease cash spreads, such as 61.0% in Q3 2025 and 38% in Q4 2023.\u003c\/p\u003e\n\u003ch\u003eRarity\u003c\/h\u003e\n\u003cp\u003eThis is tacit knowledge built over years of operating in these specific submarkets, which are concentrated in the D.C. to Boston corridor.\u003c\/p\u003e\n\u003ch\u003eImitability\u003c\/h\u003e\n\u003cp\u003eThis knowledge is embedded in the team and hard to transfer via hiring alone.\u003c\/p\u003e\n\u003ch\u003eOrganization\u003c\/h\u003e\n\u003cp\u003eThis expertise informs their leasing, acquisition, and redevelopment underwriting, as demonstrated by active redevelopment projects totaling $149.1 million with an expected approximate yield of 15%.\u003c\/p\u003e\n\u003ch\u003eCompetitive Advantage\u003c\/h\u003e\n\u003cp\u003eSustained; this is experience-based, making it a long-term asset.\u003c\/p\u003e\n\u003ch\u003eSupporting Data on Tenancy and Portfolio\u003c\/h\u003e\n\u003cul\u003e\n\u003cli\u003ePortfolio consists of 74 properties, with 80% grocery-anchored assets.\u003c\/li\u003e\n\u003cli\u003eShop leased occupancy reached 92.5% as of Q3 2025.\u003c\/li\u003e\n\u003cli\u003eSigned leases not yet rent commenced are expected to generate an additional $21.5 million of future annual gross rent as of September 30, 2025, representing approximately 7% of current annualized NOI.\u003c\/li\u003e\n\u003cli\u003eNet debt to EBITDA ratio was 5.5x as of Q2 2025.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eLeasing Metric\u003c\/td\u003e\n\u003ctd\u003ePeriod\u003c\/td\u003e\n\u003ctd\u003eAverage Cash Spread (Same-Space Basis)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew Leases\u003c\/td\u003e\n\u003ctd\u003eQ3 2025\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e61.0%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew Leases, Renewals, Options\u003c\/td\u003e\n\u003ctd\u003eQ3 2025\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e20.6%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew Leases\u003c\/td\u003e\n\u003ctd\u003eQ3 2024\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e14.8%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew Leases, Renewals, Options\u003c\/td\u003e\n\u003ctd\u003eFY 2024\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e21%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew Leases\u003c\/td\u003e\n\u003ctd\u003eQ4 2023\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e38%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003ch\u003eFinance\u003c\/h\u003e\n\u003cp\u003eDraft 13-week cash view by Friday. Full-year 2025 FFO as Adjusted guidance increased, reflecting expected annual growth of 6% versus last year.\u003c\/p\u003e","brand":"dcf.fm","offers":[{"title":"Default Title","offer_id":45516274204821,"sku":"ue-vrio-analysis","price":7.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/5189\/0837\/files\/ue-vrio-analysis.png?v=1740227580","url":"https:\/\/dcf-model.com\/es\/products\/ue-vrio-analysis","provider":"AI-Powered Discounted Cash Flow Model Templates","version":"1.0","type":"link"}