Urban Edge Properties (UE) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.197 Note today's discussion may contain forward-looking statements about the company's views 00:00:04.197 -- 00:00:08.803 of future events and financial performance, which are subject to numerous assumptions, 00:00:08.803 -- 00:00:13.570 risks, and uncertainties, and which the company does not undertake to update. 00:00:13.570 -- 00:00:17.696 Our actual results, financial condition, and business may differ. 00:00:17.696 -- 00:00:22.603 Please refer to our filings with the SEC, which are also available on our website, for 00:00:22.603 -- 00:00:27.289 more information about the company. In our discussion today, we will refer to certain 00:00:27.289 -- 00:00:32.451 non-GAAP financial measures. Reconciliations of these measures to GAAP results are available 00:00:32.451 -- 00:00:36.015 in our earnings release and our supplemental disclosure package. 00:00:36.015 -- 00:00:40.421 At this time, it is my pleasure to introduce our Chairman and Chief Executive Officer, 00:00:40.421 -- 00:00:40.861 Jeff Olson. 00:00:40.861 -- 00:00:44.726 Jeff Olson Thank you, Areeba, and good morning. 00:00:44.726 -- 00:00:49.972 We delivered another strong quarter with FFO as adjusted, increasing 00:00:49.972 -- 00:00:51.534 4% 00:00:51.534 -- 00:00:57.845 over the third quarter of last year, bringing our year-to-date growth to 7% 00:00:57.845 -- 00:01:01.871 compared to the first nine months of last year. 00:01:01.871 -- 00:01:07.960 Same property net operating income increased by 4.7% for the quarter 00:01:07.960 -- 00:01:10.224 and 5.4% year 00:01:10.224 -- 00:01:11.746 to date. 00:01:11.746 -- 00:01:16.914 Last week, we completed the $39 million acquisition of 00:01:16.914 -- 00:01:22.763 Brighton Mills, a 91,000 square foot grocery anchored shopping center...