IVT - Urban Edge Properties: An Undercovered REIT Gem That Should Be On Your Radar

2024-06-30 10:00:00 ET

Summary

• Urban Edge Properties is a shopping center REIT focused on the corridor between Washington D.C. and Boston, with strong growth potential.
• The REIT achieved impressive growth through acquisitions at attractive spreads, leading to solid FFO and AFFO growth ahead.
• Urban Edge Properties has strong tenants, a growth pipeline, and a solid balance sheet with ample liquidity, despite higher net debt to EBITDA compared to peers.
• Their dividend is well-covered with a payout ratio of just 51%, giving the REIT ample room for future dividend increases.

Introduction

Constantly researching the market looking for potential stocks to buy is something I often do. And I can honestly say I enjoy doing it. There's just something exciting about the thought of hopefully finding a company that will not only deliver strong growth, but potential capital appreciation as well....

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