Skip to main content

Urban Edge Properties: Q4 Earnings Snapshot

By The Associated Press

NEW YORK (AP) — NEW YORK (AP) — Urban Edge Properties (UE) on Wednesday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in New York, said it had funds from operations of $46.5 million, or 36 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $12.4 million, or 10 cents per share.

The real estate investment trust that owns and manages shopping centers, based in New York, posted revenue of $119.6 million in the period. Its adjusted revenue was $119.5 million.

For the year, the company reported funds from operations of $187.1 million. Revenue was reported as $470.7 million.

Urban Edge Properties expects full-year funds from operations in the range of $1.47 to $1.52 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UE at https://www.zacks.com/ap/UE

Young collectors open Sports Card Shop

By CNN
Click here for updates on this story    ST. JOSEPH, Missouri (KQTV) -- The sports card hobby has become a multibillion-dollar business, and a few young collectors have now opened their own card shop.Two brothers, Chase and Cade Frieden, and their friend, Kreightyn Johnson, started their own sports card business in St. Joseph called The Card Cave."You get into something as a kid, something you enjoy, and you have so much sitting at home that has value," Johnson said. "You kind of have fun with it, and you start small."The Card Cave opened in late July. The three are just getting started, but they've already learned a lot about what it takes to run a business."I feel like we've put our minds to it pretty hard and straight in the past couple of weeks to get it done," Johnson said. "It's growing really well."Besides buying and selling sports and trading cards, the three have learned more about marketing a business, taking inventory and balancing their budget."It takes a lot," Cade Frieden said. "Like comping the cards and seeing how their values go up and down."Just days into their new business, they've learned that some collectors are looking for unique cards."Sometimes people want things that you would never expect," Chase Frieden said. "Like old cards -- I feel like those would do way better than they do. But there are the older cards, and some are like a dollar now. They're less than the newer ones."The Card Cave is located downstairs in the Polished Porch Antique and Boutique Mall at 3603 Frederick Ave. in St. Joseph.Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.
Read Next Story

Related Stories

Latest News
La nueva camioneta eléctrica de Ford costará US$ 28.350. Una apuesta extremadamente cara por una camioneta muy barata
15 minutes ago

La nueva camioneta eléctrica de Ford costará US$ 28.350. Una apuesta extremadamente cara por una camioneta muy barata

Senate passes long-stalled Russia sanctions bill championed by Lindsey Graham

'Heated Rivalry' season 2 casts Charlie Gillespie and Justice Smith

Republican Sen. Bill Cassidy, in emotional announcement, says he will vote for Todd Blanche to be attorney general

US intel assesses Putin could launch attack aimed at testing NATO unity