Intrinsic value of Urban Edge Properties - UE

Previous Close

$24.22

  Intrinsic Value

$1.19

stock screener

  Rating & Target

str. sell

-95%

  Value-price divergence*

+11%

Previous close

$24.22

 
Intrinsic value

$1.19

 
Up/down potential

-95%

 
Rating

str. sell

 
Value-price divergence*

+11%

Our model is not good at valuating stocks of financial companies, such as UE.

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of UE stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  0.93
  51.80
  47.12
  42.91
  39.12
  35.71
  32.63
  29.87
  27.38
  25.15
  23.13
  21.32
  19.69
  18.22
  16.90
  15.71
  14.64
  13.67
  12.80
  12.02
  11.32
  10.69
  10.12
  9.61
  9.15
  8.73
  8.36
  8.02
  7.72
  7.45
  7.20
Revenue, $m
  326
  495
  728
  1,040
  1,447
  1,964
  2,605
  3,384
  4,310
  5,394
  6,642
  8,057
  9,644
  11,400
  13,327
  15,420
  17,677
  20,093
  22,666
  25,392
  28,267
  31,288
  34,455
  37,766
  41,220
  44,820
  48,567
  52,464
  56,515
  60,725
  65,099
Variable operating expenses, $m
 
  344
  507
  724
  1,007
  1,367
  1,813
  2,355
  3,000
  3,754
  4,623
  5,608
  6,712
  7,935
  9,275
  10,732
  12,303
  13,985
  15,776
  17,673
  19,674
  21,777
  23,981
  26,285
  28,689
  31,195
  33,803
  36,515
  39,334
  42,264
  45,309
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  193
  344
  507
  724
  1,007
  1,367
  1,813
  2,355
  3,000
  3,754
  4,623
  5,608
  6,712
  7,935
  9,275
  10,732
  12,303
  13,985
  15,776
  17,673
  19,674
  21,777
  23,981
  26,285
  28,689
  31,195
  33,803
  36,515
  39,334
  42,264
  45,309
Operating income, $m
  133
  150
  221
  316
  440
  597
  792
  1,029
  1,310
  1,640
  2,019
  2,449
  2,932
  3,466
  4,051
  4,688
  5,374
  6,108
  6,891
  7,719
  8,593
  9,512
  10,474
  11,481
  12,531
  13,625
  14,764
  15,949
  17,180
  18,460
  19,790
EBITDA, $m
  190
  237
  349
  498
  693
  940
  1,247
  1,620
  2,063
  2,582
  3,179
  3,857
  4,617
  5,458
  6,380
  7,382
  8,462
  9,619
  10,851
  12,156
  13,532
  14,978
  16,494
  18,079
  19,733
  21,456
  23,250
  25,115
  27,055
  29,070
  31,164
Interest expense (income), $m
  51
  50
  82
  125
  183
  259
  355
  474
  619
  791
  993
  1,225
  1,489
  1,784
  2,111
  2,469
  2,858
  3,278
  3,728
  4,206
  4,713
  5,248
  5,810
  6,399
  7,015
  7,658
  8,328
  9,025
  9,750
  10,503
  11,286
Earnings before tax, $m
  97
  100
  140
  191
  257
  338
  437
  554
  691
  848
  1,026
  1,224
  1,443
  1,682
  1,941
  2,219
  2,515
  2,830
  3,163
  3,513
  3,880
  4,263
  4,664
  5,081
  5,516
  5,967
  6,437
  6,924
  7,431
  7,957
  8,504
Tax expense, $m
  0
  27
  38
  52
  69
  91
  118
  150
  187
  229
  277
  331
  390
  454
  524
  599
  679
  764
  854
  948
  1,048
  1,151
  1,259
  1,372
  1,489
  1,611
  1,738
  1,870
  2,006
  2,148
  2,296
Net income, $m
  91
  73
  102
  140
  187
  247
  319
  405
  505
  619
  749
  894
  1,053
  1,228
  1,417
  1,620
  1,836
  2,066
  2,309
  2,564
  2,832
  3,112
  3,405
  3,709
  4,026
  4,356
  4,699
  5,055
  5,425
  5,809
  6,208

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  132
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,904
  2,690
  3,957
  5,655
  7,866
  10,675
  14,159
  18,389
  23,424
  29,314
  36,095
  43,790
  52,411
  61,959
  72,427
  83,803
  96,068
  109,203
  123,186
  137,999
  153,623
  170,045
  187,255
  205,247
  224,023
  243,587
  263,950
  285,129
  307,145
  330,025
  353,801
Adjusted assets (=assets-cash), $m
  1,772
  2,690
  3,957
  5,655
  7,866
  10,675
  14,159
  18,389
  23,424
  29,314
  36,095
  43,790
  52,411
  61,959
  72,427
  83,803
  96,068
  109,203
  123,186
  137,999
  153,623
  170,045
  187,255
  205,247
  224,023
  243,587
  263,950
  285,129
  307,145
  330,025
  353,801
Revenue / Adjusted assets
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
Average production assets, $m
  1,629
  2,473
  3,638
  5,199
  7,233
  9,815
  13,019
  16,907
  21,537
  26,953
  33,188
  40,263
  48,189
  56,968
  66,593
  77,053
  88,330
  100,406
  113,263
  126,882
  141,248
  156,347
  172,171
  188,714
  205,978
  223,966
  242,689
  262,162
  282,404
  303,441
  325,302
Working capital, $m
  0
  -49
  -73
  -104
  -145
  -196
  -261
  -338
  -431
  -539
  -664
  -806
  -964
  -1,140
  -1,333
  -1,542
  -1,768
  -2,009
  -2,267
  -2,539
  -2,827
  -3,129
  -3,445
  -3,777
  -4,122
  -4,482
  -4,857
  -5,246
  -5,651
  -6,072
  -6,510
Total debt, $m
  1,198
  1,946
  2,979
  4,362
  6,165
  8,454
  11,294
  14,741
  18,845
  23,645
  29,172
  35,443
  42,469
  50,250
  58,782
  68,053
  78,050
  88,754
  100,151
  112,223
  124,957
  138,340
  152,366
  167,031
  182,333
  198,278
  214,874
  232,134
  250,077
  268,725
  288,102
Total liabilities, $m
  1,444
  2,192
  3,225
  4,608
  6,411
  8,700
  11,540
  14,987
  19,091
  23,891
  29,418
  35,689
  42,715
  50,496
  59,028
  68,299
  78,296
  89,000
  100,397
  112,469
  125,203
  138,586
  152,612
  167,277
  182,579
  198,524
  215,120
  232,380
  250,323
  268,971
  288,348
Total equity, $m
  460
  498
  732
  1,046
  1,455
  1,975
  2,619
  3,402
  4,333
  5,423
  6,678
  8,101
  9,696
  11,462
  13,399
  15,504
  17,773
  20,203
  22,789
  25,530
  28,420
  31,458
  34,642
  37,971
  41,444
  45,064
  48,831
  52,749
  56,822
  61,055
  65,453
Total liabilities and equity, $m
  1,904
  2,690
  3,957
  5,654
  7,866
  10,675
  14,159
  18,389
  23,424
  29,314
  36,096
  43,790
  52,411
  61,958
  72,427
  83,803
  96,069
  109,203
  123,186
  137,999
  153,623
  170,044
  187,254
  205,248
  224,023
  243,588
  263,951
  285,129
  307,145
  330,026
  353,801
Debt-to-equity ratio
  2.604
  3.910
  4.070
  4.170
  4.240
  4.280
  4.310
  4.330
  4.350
  4.360
  4.370
  4.380
  4.380
  4.380
  4.390
  4.390
  4.390
  4.390
  4.390
  4.400
  4.400
  4.400
  4.400
  4.400
  4.400
  4.400
  4.400
  4.400
  4.400
  4.400
  4.400
Adjusted equity ratio
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  91
  73
  102
  140
  187
  247
  319
  405
  505
  619
  749
  894
  1,053
  1,228
  1,417
  1,620
  1,836
  2,066
  2,309
  2,564
  2,832
  3,112
  3,405
  3,709
  4,026
  4,356
  4,699
  5,055
  5,425
  5,809
  6,208
Depreciation, amort., depletion, $m
  57
  86
  127
  182
  253
  343
  455
  591
  753
  942
  1,160
  1,408
  1,685
  1,992
  2,328
  2,694
  3,088
  3,511
  3,960
  4,436
  4,939
  5,467
  6,020
  6,598
  7,202
  7,831
  8,486
  9,166
  9,874
  10,610
  11,374
Funds from operations, $m
  134
  160
  229
  321
  440
  590
  774
  996
  1,258
  1,562
  1,909
  2,301
  2,738
  3,220
  3,745
  4,314
  4,925
  5,577
  6,269
  7,001
  7,771
  8,579
  9,425
  10,308
  11,228
  12,187
  13,184
  14,221
  15,299
  16,418
  17,582
Change in working capital, $m
  -3
  -17
  -23
  -31
  -41
  -52
  -64
  -78
  -93
  -108
  -125
  -142
  -159
  -176
  -193
  -209
  -226
  -242
  -257
  -273
  -287
  -302
  -317
  -331
  -345
  -360
  -375
  -390
  -405
  -421
  -437
Cash from operations, $m
  137
  176
  252
  353
  481
  642
  838
  1,074
  1,350
  1,670
  2,034
  2,443
  2,897
  3,395
  3,938
  4,523
  5,150
  5,818
  6,526
  7,273
  8,058
  8,881
  9,741
  10,639
  11,574
  12,547
  13,559
  14,611
  15,704
  16,839
  18,019
Maintenance CAPEX, $m
  0
  -57
  -86
  -127
  -182
  -253
  -343
  -455
  -591
  -753
  -942
  -1,160
  -1,408
  -1,685
  -1,992
  -2,328
  -2,694
  -3,088
  -3,511
  -3,960
  -4,436
  -4,939
  -5,467
  -6,020
  -6,598
  -7,202
  -7,831
  -8,486
  -9,166
  -9,874
  -10,610
New CAPEX, $m
  -79
  -844
  -1,165
  -1,561
  -2,034
  -2,583
  -3,203
  -3,889
  -4,630
  -5,416
  -6,235
  -7,075
  -7,926
  -8,779
  -9,625
  -10,459
  -11,277
  -12,077
  -12,857
  -13,619
  -14,366
  -15,099
  -15,824
  -16,543
  -17,263
  -17,988
  -18,723
  -19,473
  -20,243
  -21,037
  -21,861
Cash from investing activities, $m
  -59
  -901
  -1,251
  -1,688
  -2,216
  -2,836
  -3,546
  -4,344
  -5,221
  -6,169
  -7,177
  -8,235
  -9,334
  -10,464
  -11,617
  -12,787
  -13,971
  -15,165
  -16,368
  -17,579
  -18,802
  -20,038
  -21,291
  -22,563
  -23,861
  -25,190
  -26,554
  -27,959
  -29,409
  -30,911
  -32,471
Free cash flow, $m
  78
  -724
  -999
  -1,336
  -1,734
  -2,194
  -2,708
  -3,270
  -3,871
  -4,499
  -5,143
  -5,792
  -6,437
  -7,068
  -7,679
  -8,265
  -8,821
  -9,347
  -9,841
  -10,306
  -10,744
  -11,157
  -11,549
  -11,925
  -12,288
  -12,643
  -12,995
  -13,348
  -13,705
  -14,072
  -14,451
Issuance/(repayment) of debt, $m
  -38
  748
  1,033
  1,384
  1,803
  2,289
  2,839
  3,447
  4,104
  4,801
  5,526
  6,271
  7,026
  7,782
  8,532
  9,271
  9,996
  10,705
  11,396
  12,072
  12,734
  13,384
  14,026
  14,664
  15,302
  15,945
  16,596
  17,261
  17,943
  18,647
  19,378
Issuance/(repurchase) of shares, $m
  9
  96
  133
  175
  222
  273
  326
  378
  427
  470
  506
  530
  541
  538
  520
  485
  433
  364
  278
  176
  58
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -35
  844
  1,166
  1,559
  2,025
  2,562
  3,165
  3,825
  4,531
  5,271
  6,032
  6,801
  7,567
  8,320
  9,052
  9,756
  10,429
  11,069
  11,674
  12,248
  12,792
  13,384
  14,026
  14,664
  15,302
  15,945
  16,596
  17,261
  17,943
  18,647
  19,378
Total cash flow (excl. dividends), $m
  43
  120
  166
  223
  290
  368
  457
  554
  660
  772
  889
  1,009
  1,130
  1,252
  1,372
  1,491
  1,608
  1,722
  1,833
  1,942
  2,048
  2,227
  2,477
  2,740
  3,014
  3,302
  3,601
  3,913
  4,238
  4,575
  4,926
Retained Cash Flow (-), $m
  -22
  -170
  -234
  -314
  -409
  -520
  -645
  -782
  -932
  -1,090
  -1,254
  -1,424
  -1,595
  -1,766
  -1,937
  -2,105
  -2,269
  -2,430
  -2,587
  -2,740
  -2,890
  -3,038
  -3,184
  -3,329
  -3,474
  -3,619
  -3,767
  -3,918
  -4,073
  -4,233
  -4,399
Prev. year cash balance distribution, $m
 
  132
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  82
  -68
  -92
  -119
  -151
  -188
  -228
  -271
  -317
  -365
  -415
  -465
  -515
  -564
  -613
  -661
  -708
  -754
  -798
  -842
  -811
  -707
  -589
  -459
  -318
  -166
  -5
  165
  343
  528
Discount rate, %
 
  9.90
  10.40
  10.91
  11.46
  12.03
  12.64
  13.27
  13.93
  14.63
  15.36
  16.13
  16.93
  17.78
  18.67
  19.60
  20.58
  21.61
  22.69
  23.83
  25.02
  26.27
  27.58
  28.96
  30.41
  31.93
  33.52
  35.20
  36.96
  38.81
  40.75
PV of cash for distribution, $m
 
  75
  -56
  -67
  -77
  -86
  -92
  -95
  -96
  -93
  -88
  -80
  -71
  -61
  -51
  -42
  -33
  -25
  -19
  -14
  -10
  -6
  -3
  -2
  -1
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  94.5
  89.8
  85.8
  82.4
  79.5
  77.0
  74.8
  73.0
  71.5
  70.2
  69.1
  68.2
  67.5
  66.9
  66.4
  66.1
  65.8
  65.6
  65.5
  65.5
  65.5
  65.5
  65.5
  65.5
  65.5
  65.5
  65.5
  65.5
  65.5
  65.5

Urban Edge Properties (NYSE:UE) operates independently of Vornado Realty Trust as of January 15, 2015.

FINANCIAL RATIOS  of  Urban Edge Properties (UE)

Valuation Ratios
P/E Ratio 26.5
Price to Sales 7.4
Price to Book 5.3
Price to Tangible Book
Price to Cash Flow 17.6
Price to Free Cash Flow 41.7
Growth Rates
Sales Growth Rate 0.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 19.7%
Cap. Spend. - 3 Yr. Gr. Rate 25.9%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 260.4%
Total Debt to Equity 260.4%
Interest Coverage 3
Management Effectiveness
Return On Assets 7.4%
Ret/ On Assets - 3 Yr. Avg. 6.4%
Return On Total Capital 5.5%
Ret/ On T. Cap. - 3 Yr. Avg. 4.1%
Return On Equity 20.3%
Return On Equity - 3 Yr. Avg. 17.8%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 67.2%
Gross Margin - 3 Yr. Avg. 65.9%
EBITDA Margin 62.9%
EBITDA Margin - 3 Yr. Avg. 55.4%
Operating Margin 40.8%
Oper. Margin - 3 Yr. Avg. 36.7%
Pre-Tax Margin 29.8%
Pre-Tax Margin - 3 Yr. Avg. 21.5%
Net Profit Margin 27.9%
Net Profit Margin - 3 Yr. Avg. 20.3%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 2.5%
Payout Ratio 89%

UE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the UE stock intrinsic value calculation we used $326 million for the last fiscal year's total revenue generated by Urban Edge Properties. The default revenue input number comes from 2016 income statement of Urban Edge Properties. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our UE stock valuation model: a) initial revenue growth rate of 51.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.9%, whose default value for UE is calculated based on our internal credit rating of Urban Edge Properties, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Urban Edge Properties.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of UE stock the variable cost ratio is equal to 69.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for UE stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.2% for Urban Edge Properties.

Corporate tax rate of 27% is the nominal tax rate for Urban Edge Properties. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the UE stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for UE are equal to 499.7%.

Life of production assets of 28.6 years is the average useful life of capital assets used in Urban Edge Properties operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for UE is equal to -10%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $460 million for Urban Edge Properties - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 96.634 million for Urban Edge Properties is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Urban Edge Properties at the current share price and the inputted number of shares is $2.3 billion.

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COMPANY NEWS

▶ Urban Edge Properties Reports Second Quarter 2017 Results   [Aug-02-17 04:15PM  Business Wire]
▶ Urban Edge Properties reports 1Q results   [May-03-17 06:29PM  Associated Press]
▶ Real-estate and construction sector lead S&P 500 gainers   [Apr-11-17 02:05PM  MarketWatch]
Stock chart of UE Financial statements of UE
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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