UE - Urban Edge Properties
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$24.50
DETAILS
HIGH:
$25.00
LOW:
$24.00
MEDIAN:
$24.50
CONSENSUS:
$24.50
UPSIDE:
14.54%
AlphaVal
Deterministic, archetype-aware fair value
Real Estate Investment Trust
85% confidence
Primary model: P/FFO × Retail REIT Multiple
Adjust Assumptions
15.0x
$
Key Value Driver
FFO/share ($1.85) × retail P/FFO multiple
Implied Market Multiple
11.6x
Plain-Language Summary
At $1.85 FFO/share with a 15x retail REIT multiple, the base-case value is $29.41 per share. Dividend yield: 3.8%. DDM cross-check: $33.41.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (7 analysts)
$24.50
Analyst Range
$24.00 – $25.00
Divergence from AlphaVal
20%
Warnings
Standard profit figures are misleading for real estate companies — large non-cash accounting charges make profits look artificially low. Dividend yield and funds from operations are better measures.
Key Risks
- P/E and EV/EBITDA are structurally wrong for REITs — use P/FFO and NAV
- Interest rate sensitivity: REIT multiples compress when rates rise
- FFO approximation (NI + D&A) may include gains on property sales — verify