Urban Edge Properties (UE)
Market Price (12/30/2025): $19.435 | Market Cap: $2.4 BilSector: Real Estate | Industry: Retail REITs
Urban Edge Properties (UE)
Market Price (12/30/2025): $19.435Market Cap: $2.4 BilSector: Real EstateIndustry: Retail REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, Dividend Yield is 3.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2%, FCF Yield is 7.5% | Weak multi-year price returns2Y Excs Rtn is -32%, 3Y Excs Rtn is -23% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 66% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39% | Key risksUE key risks include [1] significant exposure to at-risk tenants like Kohl's and Petco and [2] heavy geographic concentration in the New York metropolitan area. | |
| Low stock price volatilityVol 12M is 25% | ||
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, E-commerce & DTC Adoption, and Smart Buildings & Proptech. Themes include Experiential Retail, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, Dividend Yield is 3.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2%, FCF Yield is 7.5% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, E-commerce & DTC Adoption, and Smart Buildings & Proptech. Themes include Experiential Retail, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -32%, 3Y Excs Rtn is -23% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 66% |
| Key risksUE key risks include [1] significant exposure to at-risk tenants like Kohl's and Petco and [2] heavy geographic concentration in the New York metropolitan area. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are the key points explaining the -4.3% stock movement for Urban Edge Properties (UE) from approximately August 31, 2025, to December 30, 2025:
1. Initial Negative Reaction to Q3 Earnings Despite FFO Beat. Urban Edge Properties reported strong Funds From Operations (FFO) as adjusted per diluted share of $0.36 for the third quarter of 2025, significantly exceeding analyst consensus. However, despite this profitability beat and raised full-year guidance, UE shares experienced an initial decline of approximately 1.08% in pre-market trading following the earnings release on October 29, 2025, with some market analyses suggesting investors may have been weighing a slight revenue miss or other factors.
2. Broader Underperformance Through the Year. The -4.3% stock movement occurred within a larger context of Urban Edge Properties' shares underperforming throughout 2025, exhibiting an 8.6% year-to-date decline as of December 25, 2025. This indicates a persistent negative sentiment or market conditions specifically impacting UE that contributed to the downward pressure on the stock during this period.
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1. Initial Negative Reaction to Q3 Earnings Despite FFO Beat. Urban Edge Properties reported strong Funds From Operations (FFO) as adjusted per diluted share of $0.36 for the third quarter of 2025, significantly exceeding analyst consensus. However, despite this profitability beat and raised full-year guidance, UE shares experienced an initial decline of approximately 1.08% in pre-market trading following the earnings release on October 29, 2025, with some market analyses suggesting investors may have been weighing a slight revenue miss or other factors.
2. Broader Underperformance Through the Year. The -4.3% stock movement occurred within a larger context of Urban Edge Properties' shares underperforming throughout 2025, exhibiting an 8.6% year-to-date decline as of December 25, 2025. This indicates a persistent negative sentiment or market conditions specifically impacting UE that contributed to the downward pressure on the stock during this period.
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Stock Movement Drivers
Fundamental Drivers
The -2.9% change in UE stock from 9/29/2025 to 12/29/2025 was primarily driven by a -8.0% change in the company's P/E Multiple.| 9292025 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 20.00 | 19.43 | -2.87% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 461.04 | 468.74 | 1.67% |
| Net Income Margin (%) | 22.86% | 23.73% | 3.82% |
| P/E Multiple | 23.86 | 21.96 | -7.96% |
| Shares Outstanding (Mil) | 125.69 | 125.73 | -0.03% |
| Cumulative Contribution | -2.87% |
Market Drivers
9/29/2025 to 12/29/2025| Return | Correlation | |
|---|---|---|
| UE | -2.9% | |
| Market (SPY) | 3.6% | 19.4% |
| Sector (XLRE) | -3.2% | 69.5% |
Fundamental Drivers
The 6.1% change in UE stock from 6/30/2025 to 12/29/2025 was primarily driven by a 37.7% change in the company's Net Income Margin (%).| 6302025 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 18.31 | 19.43 | 6.09% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 453.50 | 468.74 | 3.36% |
| Net Income Margin (%) | 17.23% | 23.73% | 37.69% |
| P/E Multiple | 29.41 | 21.96 | -25.32% |
| Shares Outstanding (Mil) | 125.51 | 125.73 | -0.17% |
| Cumulative Contribution | 6.09% |
Market Drivers
6/30/2025 to 12/29/2025| Return | Correlation | |
|---|---|---|
| UE | 6.1% | |
| Market (SPY) | 11.6% | 29.2% |
| Sector (XLRE) | -1.2% | 68.4% |
Fundamental Drivers
The -5.4% change in UE stock from 12/29/2024 to 12/29/2025 was primarily driven by a -59.9% change in the company's Net Income Margin (%).| 12292024 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 20.55 | 19.43 | -5.43% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 445.18 | 468.74 | 5.29% |
| Net Income Margin (%) | 59.23% | 23.73% | -59.94% |
| P/E Multiple | 9.61 | 21.96 | 128.48% |
| Shares Outstanding (Mil) | 123.36 | 125.73 | -1.92% |
| Cumulative Contribution | -5.47% |
Market Drivers
12/29/2024 to 12/29/2025| Return | Correlation | |
|---|---|---|
| UE | -5.4% | |
| Market (SPY) | 16.6% | 55.3% |
| Sector (XLRE) | 2.6% | 75.0% |
Fundamental Drivers
The 54.8% change in UE stock from 12/30/2022 to 12/29/2025 was primarily driven by a 34.5% change in the company's Net Income Margin (%).| 12302022 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 12.55 | 19.43 | 54.78% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 424.92 | 468.74 | 10.31% |
| Net Income Margin (%) | 17.64% | 23.73% | 34.54% |
| P/E Multiple | 19.66 | 21.96 | 11.71% |
| Shares Outstanding (Mil) | 117.38 | 125.73 | -7.11% |
| Cumulative Contribution | 54.00% |
Market Drivers
12/30/2023 to 12/29/2025| Return | Correlation | |
|---|---|---|
| UE | 14.4% | |
| Market (SPY) | 47.9% | 49.6% |
| Sector (XLRE) | 7.4% | 72.0% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| UE Return | -29% | 52% | -23% | 35% | 22% | -6% | 28% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 151% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| UE Win Rate | 42% | 50% | 42% | 50% | 67% | 50% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| UE Max Drawdown | -61% | -3% | -29% | -5% | -12% | -23% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/29/2025 (YTD)
How Low Can It Go
| Event | UE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -35.6% | -25.4% |
| % Gain to Breakeven | 55.3% | 34.1% |
| Time to Breakeven | 649 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -63.3% | -33.9% |
| % Gain to Breakeven | 172.3% | 51.3% |
| Time to Breakeven | 435 days | 148 days |
| 2018 Correction | ||
| % Loss | -43.2% | -19.8% |
| % Gain to Breakeven | 75.9% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Urban Edge Properties's stock fell -35.6% during the 2022 Inflation Shock from a high on 6/11/2021. A -35.6% loss requires a 55.3% gain to breakeven.
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Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 78 properties totaling 15.1 million square feet of gross leasable area.
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- Urban Edge Properties is like **Kimco Realty**, but with a concentrated portfolio of shopping centers primarily in the dense, high-income Northeast U.S.
- Urban Edge Properties is a smaller, regionally concentrated version of **Regency Centers**, specializing in open-air retail properties in the New York metro area and surrounding Northeast.
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- Commercial Real Estate Leasing: Providing retail and mixed-use commercial spaces for rent to tenants within their portfolio of shopping centers and urban retail properties.
- Property Management: Offering integrated operational and maintenance services for their portfolio of retail properties to ensure functionality, attractiveness, and tenant satisfaction.
- Real Estate Development and Redevelopment: Engaging in projects to enhance existing properties or develop new retail spaces, increasing their leasable inventory and overall asset value.
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Urban Edge Properties (NYSE: UE) is a real estate investment trust (REIT) that owns, manages, and develops shopping centers and retail properties. As such, its major customers are the retail businesses that lease space in its properties.
Based on their 2023 Annual Report (Form 10-K), the top ten tenants (major customers) by annualized base rent as of December 31, 2023, are:
- Stop & Shop Supermarket Company (private)
- The TJX Companies, Inc. (NYSE: TJX)
- Target Corporation (NYSE: TGT)
- Wegmans Food Markets, Inc. (private)
- ShopRite Supermarkets, Inc. (private)
- Marshalls of MA, LLC (a subsidiary of The TJX Companies, Inc., NYSE: TJX)
- CVS Pharmacy, Inc. (a subsidiary of CVS Health Corporation, NYSE: CVS)
- HomeGoods, Inc. (a subsidiary of The TJX Companies, Inc., NYSE: TJX)
- Home Depot U.S.A., Inc. (a subsidiary of The Home Depot, Inc., NYSE: HD)
- Burlington Coat Factory of New Jersey, LLC (a subsidiary of Burlington Stores, Inc., NYSE: BURL)
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Jeffrey S. Olson, Chairman & Chief Executive Officer
Jeffrey S. Olson has served as Chairman and Chief Executive Officer of Urban Edge Properties since December 2014, leading the company's strategic direction and overall corporate and investment activities. He has a background in real estate, having worked at Equity One prior to his role at Urban Edge. Mr. Olson has successfully led the acquisition and development of over $2 billion of real estate throughout his career.
Mark J. Langer, EVP & Chief Financial Officer
Mark J. Langer was appointed Executive Vice President and Chief Financial Officer of Urban Edge Properties in April 2015. Before joining Urban Edge, Mr. Langer was the Chief Financial Officer of Equity One, Inc. from April 2009, and also served as its Chief Administrative Officer from January 2008 to January 2011. From 2000 to 2007, he held the position of Chief Operating Officer at Johnson Capital Management, Inc., an investment advisor. His career also includes a tenure as a certified public accountant at KPMG, LLP from 1988 to 2000, where he became a partner in 1998.
Jeffrey S. Mooallem, EVP & Chief Operating Officer
Jeffrey S. Mooallem joined Urban Edge Properties as Executive Vice President and Chief Operating Officer, effective January 9, 2023. He is an experienced real estate executive, having served as President and CEO of Gazit Horizons, a U.S. subsidiary of Gazit Globe, for five years prior to Urban Edge. Mr. Mooallem also held executive leadership positions at Equity One, Inc., Federal Realty Investment Trust, and Turnberry. He possesses extensive expertise in leasing, acquiring, and redeveloping retail real estate, and has led the acquisition and development of more than $2 billion in real estate.
Robert C. Milton III, EVP & General Counsel
Robert C. Milton III serves as Executive Vice President and General Counsel.
Scott Auster, EVP & Head of Leasing
Scott Auster holds the title of Executive Vice President and Head of Leasing.
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The key risks to Urban Edge Properties (UE) primarily revolve around its tenant base and market dynamics.
- Exposure to High-Risk Tenants: Urban Edge Properties faces significant risk due to its substantial exposure to tenants that are vulnerable to store closures, such as Kohl's and Petco Health and Wellness. This exposure has led to stock price pressure and is considered a major short-term concern by analysts. Potential store closures by these key tenants could lead to vacancies and challenges in re-leasing large retail spaces, potentially offsetting the company's net operating income growth from strong leasing momentum.
- Geographic Concentration: A substantial portion of Urban Edge Properties' portfolio, particularly its annualized base rent, is generated from properties located in the New York metropolitan area. This geographic concentration makes the company particularly susceptible to adverse economic conditions or other unfavorable developments within that specific region.
- Competition for Acquisitions and Rising Property Prices: Urban Edge Properties operates in a competitive market for property acquisitions, facing numerous investors including other REITs, private equity firms, and institutional funds. This competition can lead to a reduction in suitable investment opportunities and an increase in the prices paid for acquisition properties, thereby adversely affecting the company's ability to grow through new acquisitions.
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The accelerated and ongoing shift towards online grocery shopping, including widespread home delivery and curbside pickup options, represents an emerging threat. While grocery stores themselves remain critical anchors for Urban Edge Properties' centers, the diminished necessity for patrons to physically enter and extensively shop within these stores could reduce the foot traffic spillover effect traditionally benefiting ancillary inline retailers. This erosion of incidental browsing and impulse purchases, if sustained and expanded, could challenge the overall value proposition and rental demand for non-grocery tenants in grocery-anchored shopping centers, which are a core asset class for UE.AI Analysis | Feedback
Urban Edge Properties (UE) is a real estate investment trust (REIT) primarily focused on owning, managing, acquiring, developing, and redeveloping retail real estate, specifically shopping centers, in densely populated, supply-constrained markets within the United States, predominantly in the Washington, D.C. to Boston corridor. Their main products and services involve the leasing and management of these retail properties, with a significant emphasis on grocery-anchored centers.
The addressable markets for Urban Edge Properties' main products and services are sizable within the United States:
- The global shopping centers market size is estimated at USD 7,395.59 billion in 2025. The United States holds the largest regional market share, accounting for over 19% of this global total. This indicates an addressable market for shopping centers in the U.S. of approximately USD 1.41 trillion in 2025.
- For the specific segment of grocery-anchored retail properties, investment in these assets in the U.S. totaled USD 7.0 billion in 2024.
- The market size of Shopping Mall Management in the U.S. is estimated at USD 24.7 billion in 2025, representing the market for management services for these types of properties.
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Urban Edge Properties (NYSE: UE) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:
- Strong Leasing Activity and Rent Commencements: The company has demonstrated robust leasing momentum, with significant square footage leased at favorable cash spreads. For instance, in Q3 2025, Urban Edge executed over 340,000 square feet in leasing agreements with a 21% cash spread. The "signed-not-open" (SNO) pipeline is anticipated to continue contributing to future growth, with annualized gross rent already commencing. This indicates a strong demand for their retail spaces and the ability to secure new tenants and higher rental income.
- Growth in Same-Property Net Operating Income (NOI): Urban Edge Properties has consistently reported and projected healthy growth in its same-property Net Operating Income. In Q2 2025, same-property NOI rose by 7.4% year-over-year, and in Q3 2025, it increased by 4.7%. The company projects same-property NOI growth, including redevelopment, to be in the range of 4.25% to 5% for the full year 2025. This growth is primarily fueled by new lease commencements, higher net recovery revenue, and improved collections on past-due receivables.
- Strategic Redevelopment Projects: Redevelopment initiatives are a crucial component of Urban Edge's growth strategy. These projects are expected to generate visible, near-term NOI gains, contributing approximately 8% of current NOI, while also enhancing property values. The company completed five redevelopment projects in Q2 2025, which underscores its commitment to modernizing and improving its portfolio to attract and retain tenants.
- Accretive Capital Recycling and Acquisitions: Urban Edge actively engages in capital recycling, which involves divesting lower-growth assets at low capitalization rates and reinvesting the proceeds into higher-yielding shopping centers. This strategy is designed to position the company for enhanced NOI and earnings growth. Acquisitions completed in 2024 have already positively impacted Funds From Operations (FFO) growth in 2025.
- Increased Occupancy Rates: Improving occupancy rates, particularly within shop spaces, serves as a direct driver of revenue. Urban Edge successfully increased its same-property portfolio leased occupancy to 96.6% in Q4 2024. The company has a target of achieving 93-94% shop occupancy by the end of 2025, indicating a focus on maximizing the utilization of its retail properties and, consequently, increasing rental income.
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Share Repurchases
- Urban Edge Properties did not repurchase any common shares during the years ended December 31, 2024, 2023, 2022, or 2021.
- The company's Board of Trustees authorized a share repurchase program for up to $200 million in March 2020.
- As of December 31, 2024, approximately $145.9 million remained for share repurchases under this program, as all repurchases totaling $54.1 million were completed between March and April of 2020.
Share Issuance
- An equity distribution agreement (ATM Program) was established in August 2022, allowing the company to offer and sell up to $250 million of common shares.
- On January 2, 2024, Urban Edge Properties issued 73,550 common shares under the ATM Program, generating net cash proceeds of $1.3 million.
- In both 2024 and 2021, the Operating Partnership issued common limited partnership units to the Company in exchange for approximately $0.3 million each year, related to employee share purchase plans.
Outbound Investments
- In 2024, the company completed $243 million in acquisitions at a 7.2% cap rate and $109 million in dispositions at a 5.2% cap rate.
- Over the 18 months prior to March 2025, Urban Edge executed $552 million in acquisitions at a 7.2% cap rate and $427 million in non-core dispositions at a 5.2% cap rate.
- In Q3 2025, Urban Edge acquired Brighton Mills for approximately $39 million via a 1031 exchange, funded by the sales of Kennedy Commons and McDade Commons, which were sold at a 5.4% cap rate.
Capital Expenditures
- In 2024, Urban Edge completed $30 million in redevelopment projects expected to generate a 16% return.
- As of June 30, 2025, the company had $141.8 million of active redevelopment projects underway, with estimated remaining costs to complete of $76.6 million, targeting an approximate 15% yield.
- The primary focus of capital expenditures is on anchor repositioning and redevelopment projects, aiming for high unleveraged yields (e.g., 14-16%).
Latest Trefis Analyses
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
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| 10312025 | MPW | Medical Properties Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.1% | 0.1% | -5.8% |
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Peer Comparisons for Urban Edge Properties
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.06 |
| Mkt Cap | 159.0 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.6% |
| Rev Chg 3Y Avg | 3.1% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 20.1% |
| Op Mgn 3Y Avg | 20.3% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 20.1% |
| FCF/Rev 3Y Avg | 21.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 159.0 |
| P/S | 4.8 |
| P/EBIT | 21.1 |
| P/E | 33.0 |
| P/CFO | 17.2 |
| Total Yield | 5.2% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 6.2% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Price Behavior
Price Behavior
| Market Price | $19.43 | |
| Market Cap ($ Bil) | 2.4 | |
| First Trading Date | 01/16/2015 | |
| Distance from 52W High | -6.7% | |
| 50 Days | 200 Days | |
| DMA Price | $19.20 | $18.86 |
| DMA Trend | indeterminate | down |
| Distance from DMA | 1.2% | 3.0% |
| 3M | 1YR | |
| Volatility | 18.0% | 25.0% |
| Downside Capture | 27.01 | 64.65 |
| Upside Capture | 8.02 | 49.13 |
| Correlation (SPY) | 19.9% | 55.4% |
UE Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.08 | 0.38 | 0.45 | 0.67 | 0.74 | 0.84 |
| Up Beta | -0.20 | 0.63 | 0.67 | 0.94 | 0.79 | 0.81 |
| Down Beta | -0.44 | 0.59 | 0.49 | 0.86 | 0.83 | 0.85 |
| Up Capture | 15% | -4% | 11% | 45% | 38% | 57% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 7 | 17 | 27 | 67 | 125 | 379 |
| Down Capture | 27% | 44% | 59% | 53% | 82% | 96% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 12 | 24 | 35 | 58 | 120 | 359 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of UE With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| UE | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -5.9% | 2.6% | 16.7% | 65.4% | 7.5% | 4.2% | -7.3% |
| Annualized Volatility | 24.9% | 16.8% | 19.4% | 19.8% | 15.3% | 17.0% | 34.9% |
| Sharpe Ratio | -0.29 | -0.02 | 0.67 | 2.43 | 0.27 | 0.08 | -0.06 |
| Correlation With Other Assets | 75.1% | 55.4% | -2.4% | 16.3% | 78.7% | 13.8% | |
ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of UE With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| UE | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 12.5% | 5.7% | 14.8% | 17.7% | 11.2% | 5.1% | 30.2% |
| Annualized Volatility | 27.7% | 19.1% | 17.1% | 15.6% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.44 | 0.21 | 0.70 | 0.91 | 0.48 | 0.18 | 0.57 |
| Correlation With Other Assets | 69.1% | 54.1% | 10.1% | 20.0% | 74.1% | 21.8% | |
ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 10-Year Data
| Comparison of UE With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| UE | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 2.4% | 6.4% | 15.0% | 14.6% | 6.9% | 5.4% | 69.0% |
| Annualized Volatility | 34.6% | 20.6% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.16 | 0.28 | 0.72 | 0.82 | 0.31 | 0.23 | 0.89 |
| Correlation With Other Assets | 66.8% | 52.8% | 3.1% | 23.6% | 73.4% | 11.6% | |
ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2025 | -2.7% | -6.1% | -5.2% |
| 7/30/2025 | 0.5% | -0.5% | 3.9% |
| 4/30/2025 | -0.7% | 0.9% | 0.4% |
| 2/12/2025 | 2.1% | -2.4% | -11.6% |
| 10/30/2024 | 2.1% | 2.7% | 5.3% |
| 7/31/2024 | -2.0% | -4.9% | 0.6% |
| 5/7/2024 | 1.2% | 1.3% | 3.8% |
| 2/14/2024 | -0.9% | -2.2% | -5.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 14 |
| # Negative | 14 | 12 | 10 |
| Median Positive | 1.9% | 2.2% | 6.2% |
| Median Negative | -1.4% | -2.3% | -6.6% |
| Max Positive | 7.6% | 21.4% | 37.0% |
| Max Negative | -4.7% | -22.0% | -24.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/29/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 07/30/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 04/30/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 02/12/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 10/30/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 07/31/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/07/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 02/14/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 10/31/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/02/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/09/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 02/14/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/03/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/03/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/05/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 02/16/2022 | 10-K (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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