Urban Edge Properties
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Let's analyse Urban Edge Properties together

Penke I guess you are interested in Urban Edge Properties. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Urban Edge Properties. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Urban Edge Properties (30 sec.)

What can you expect buying and holding a share of Urban Edge Properties? (30 sec.)

How much money do you get?

$0.63

When do you have the money?

1 year

How often do you get paid?

92.7%

What is your share worth?

Current worth

$10.28

Expected worth in 1 year

$12.09

How sure are you?

85.4%

+ What do you gain per year?

Total Gains per Share

$2.44

Return On Investment

14.5%

For what price can you sell your share?

Current Price per Share

$16.82

Expected price per share

$15.36 - $17.74

How sure are you?

50%

1. Valuation of Urban Edge Properties (5 min.)

Live pricePrice per Share (EOD)

$16.82

Book Value per Share

$10.28

Intrinsic Value Per Share

$1.20 - $9.65

Total Value Per Share

$11.48 - $19.93

My calculation of the intrinsic value of Urban Edge Properties is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.22) 3Y: ($0.27) TTM: ($0.28)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($-0.01) TTM: ($-0.02)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.77	$1.05	$0.74 - $1.07
2	$1.35	$2.08	$0.58 - $1.09
3	$1.77	$3.09	$0.42 - $1.10
4	$2.03	$4.09	$0.26 - $1.11
5	$2.15	$5.06	$0.10 - $1.12
6	$2.15	$6.01	$-0.06 - $1.13
7	$2.05	$6.95	$-0.22 - $1.14
8	$1.85	$7.87	$-0.38 - $1.15
9	$1.56	$8.77	$-0.53 - $1.17
10	$1.20	$9.65	$-0.69 - $1.18

2. Growth of Urban Edge Properties (5 min.)

Is Urban Edge Properties growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.2b	$1b	$16.8m	1.6%

How much money is Urban Edge Properties making?

	Current year	Previous year	Grow	Grow %
Making money	$70.7m	$11.5m	$59.2m	83.7%
Net Profit Margin	62.6%	11.6%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Urban Edge Properties (5 min.)

What can you expect buying and holding a share of Urban Edge Properties? (5 min.)

Welcome investor! Urban Edge Properties's management wants to use your money to grow the business. In return you get a share of Urban Edge Properties.

What can you expect buying and holding a share of Urban Edge Properties?

First you should know what it really means to hold a share of Urban Edge Properties. And how you can make/lose money.

Speculation

The Price per Share of Urban Edge Properties is $16.82. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Urban Edge Properties.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Urban Edge Properties, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $10.28. Based on the TTM, the Book Value Change Per Share is $0.45 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.09 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.16 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Urban Edge Properties.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	1.86	11.1%	0.52	3.1%	0.10	0.6%	0.25	1.5%	0.21	1.2%
Usd Book Value Change Per Share	2.04	12.1%	0.45	2.7%	-0.09	-0.5%	0.09	0.5%	0.18	1.1%
Usd Dividend Per Share	0.16	0.9%	0.16	0.9%	0.16	0.9%	0.33	2.0%	0.26	1.6%
Usd Total Gains Per Share	2.20	13.1%	0.61	3.6%	0.07	0.4%	0.42	2.5%	0.44	2.6%
Usd Price Per Share	18.30	-	16.01	-	15.44	-	15.87	-	17.59	-
Price to Earnings Ratio	2.46	-	9.16	-	41.40	-	25.85	-	22.94	-
Price-to-Total Gains Ratio	8.33	-	170.65	-	66.87	-	74.56	-	76.80	-
Price to Book Ratio	1.78	-	1.82	-	1.79	-	1.86	-	2.82	-
Price-to-Total Gains Ratio	8.33	-	170.65	-	66.87	-	74.56	-	76.80	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	16.82
Number of shares	59

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.16	0.33
Usd Book Value Change Per Share	0.45	0.09
Usd Total Gains Per Share	0.61	0.42
Gains per Quarter (59 shares)	35.97	24.95
Gains per Year (59 shares)	143.90	99.81

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	37	107	134	78	21	90
2	74	214	278	157	43	190
3	111	320	422	235	64	290
4	148	427	566	314	86	390
5	185	534	710	392	107	490
6	223	641	854	470	128	590
7	260	748	998	549	150	690
8	297	855	1142	627	171	790
9	334	961	1286	706	193	890
10	371	1068	1430	784	214	990

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	3.0	1.0	0.0	75.0%	11.0	1.0	0.0	91.7%	18.0	2.0	0.0	90.0%	37.0	4.0	0.0	90.2%	42.0	4.0	0.0	91.3%
Book Value Change Per Share	1.0	3.0	0.0	25.0%	4.0	8.0	0.0	33.3%	7.0	13.0	0.0	35.0%	20.0	20.0	1.0	48.8%	21.0	21.0	4.0	45.7%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	38.0	0.0	3.0	92.7%	38.0	0.0	8.0	82.6%
Total Gains per Share	4.0	0.0	0.0	100.0%	11.0	1.0	0.0	91.7%	17.0	3.0	0.0	85.0%	35.0	6.0	0.0	85.4%	36.0	7.0	3.0	78.3%

Fundamentals of Urban Edge Properties

About Urban Edge Properties

https://www.uedge.com
109
888 Seventh Avenue, New York, NY, United States, 10019-0601
Google Maps Bing Maps

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.

Fundamental data was last updated by Penke on 2024-04-05 04:29:02.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Urban Edge Properties.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Urban Edge Properties earns for each $1 of revenue.

Above 10% is considered healthy but always compare Urban Edge Properties to the REIT - Retail industry mean.
A Net Profit Margin of 189.8% means that $1.90 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Urban Edge Properties:

The MRQ is 189.8%. The company is making a huge profit. +2
The TTM is 62.6%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	189.8%	TTM	62.6%	+127.2%
TTM	62.6%	YOY	11.6%	+51.0%
TTM	62.6%	5Y	30.7%	+31.9%
5Y	30.7%	10Y	26.2%	+4.5%

Measures how much net profit Urban Edge Properties earns for each $1 of revenue.

Revenue is the amount of profit Urban Edge Properties generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Urban Edge Properties earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Urban Edge Properties to the REIT - Retail industry mean.
Can be used to compare companies within the REIT - Retail industry.

You typically want a high profit margin. This means that for each $1 in sales, Urban Edge Properties makes more profit. This shows the investor how efficiently Urban Edge Properties is operating in general and compared to other companies in the same industry. Urban Edge Properties operates in the REIT - Retail industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Urban Edge Properties. If profit margins remain low (compared to the REIT - Retail industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Urban Edge Properties is 1.90. This means that Urban Edge Properties earned $1.90 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how Urban Edge Properties is performing over time. The most recent quarter might be important if Urban Edge Properties released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Urban Edge Properties up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Urban Edge Properties with other companies in the same industry (REIT - Retail).
Net profit margin should rise over the years.
Can be influenced when Urban Edge Properties sells assets (profit will increase while costs remain the same).
It won’t show what part of Urban Edge Properties is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Urban Edge Properties

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Urban Edge Properties = 221,235
Total revenue MRQ Urban Edge Properties = 116,582
$221,235 / $116,582 = 1.90 or 189.8%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Urban Edge Properties is using its assets to generate profit.

Above 5% is considered healthy but always compare Urban Edge Properties to the REIT - Retail industry mean.
6.7% Return on Assets means that Urban Edge Properties generated $0.07 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Urban Edge Properties:

The MRQ is 6.7%. Using its assets, the company is efficient in making profit. +1
The TTM is 2.2%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	6.7%	TTM	2.2%	+4.5%
TTM	2.2%	YOY	0.4%	+1.8%
TTM	2.2%	5Y	1.0%	+1.2%
5Y	1.0%	10Y	1.0%	+0.1%

Shows how efficient Urban Edge Properties is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Urban Edge Properties to the REIT - Retail industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Urban Edge Properties is using its resources to generate profit. If the return on assets (6.7%) from Urban Edge Properties are higher than the REIT - Retail mean () that means Urban Edge Properties is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Urban Edge Properties is 6.7%. This means the company generated $0.07 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how Urban Edge Properties is performing over time. The most recent quarter might be important if Urban Edge Properties released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Urban Edge Properties up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Urban Edge Properties

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Urban Edge Properties = 221,235
Total assets MRQ (balance sheet) from Urban Edge Properties = 3,279,809
221,235 / 3,279,809 = 0.07 or 6.7%

ROA is an important ratio as it will tell you how effectively Urban Edge Properties is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Urban Edge Properties is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Urban Edge Properties to the REIT - Retail industry mean.
19.2% Return on Equity means Urban Edge Properties generated $0.19 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Urban Edge Properties:

The MRQ is 19.2%. Using its investors money, the company is efficient in making profit. +1
The TTM is 6.4%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	19.2%	TTM	6.4%	+12.8%
TTM	6.4%	YOY	1.2%	+5.3%
TTM	6.4%	5Y	3.1%	+3.3%
5Y	3.1%	10Y	3.3%	-0.2%

Shows how efficient Urban Edge Properties is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Urban Edge Properties to the REIT - Retail industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the REIT - Retail industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Urban Edge Properties is 19.2%. This means Urban Edge Properties generated $0.19 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how Urban Edge Properties is performing over time. The most recent quarter might be important if Urban Edge Properties released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Urban Edge Properties up to 10 years back (depending if Urban Edge Properties existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Urban Edge Properties

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Urban Edge Properties = 221,235
Shareholders equity (balance sheet) MRQ Urban Edge Properties = 1,150,690
221,235 / 1,150,690 = 0.19 or 19.2%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Urban Edge Properties.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Urban Edge Properties is operating .

Measures how much profit Urban Edge Properties makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Urban Edge Properties to the REIT - Retail industry mean.
An Operating Margin of 31.8% means the company generated $0.32 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Urban Edge Properties:

The MRQ is 31.8%. The company is operating very efficient. +2
The TTM is 31.2%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	31.8%	TTM	31.2%	+0.6%
TTM	31.2%	YOY	26.7%	+4.5%
TTM	31.2%	5Y	28.0%	+3.2%
5Y	28.0%	10Y	33.2%	-5.3%

Measures how efficient Urban Edge Properties is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Urban Edge Properties to the REIT - Retail industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Urban Edge Properties is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Urban Edge Properties is 31.8%. This means that Urban Edge Properties earned $0.32 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how Urban Edge Properties is performing over time. The most recent quarter might be important if Urban Edge Properties released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Urban Edge Properties up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Urban Edge Properties

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Urban Edge Properties = 37,071
Total revenue MRQ Urban Edge Properties = 116,582
$37,071 / $116,582 = 0.32 or 31.8%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Urban Edge Properties is keeping operating costs low.

Below 1 is considered healthy (always compare to REIT - Retail industry mean).
An Operation Ratio of 0.68 means that the operating costs are $0.68 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Urban Edge Properties:

The MRQ is 0.682. The company is efficient in keeping operating costs low. +1
The TTM is 0.628. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.682	TTM	0.628	+0.054
TTM	0.628	YOY	0.729	-0.102
TTM	0.628	5Y	0.711	-0.084
5Y	0.711	10Y	0.678	+0.034

Measures how efficient Urban Edge Properties is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Urban Edge Properties to the REIT - Retail industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Urban Edge Properties is 68.2%. This means that Urban Edge Properties earned $0.68 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how Urban Edge Properties is performing over time. The most recent quarter might be important if Urban Edge Properties released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Urban Edge Properties up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Urban Edge Properties

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(70,344 +9,167) \ 116,582 = 0.68

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Urban Edge Properties.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Urban Edge Properties is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to REIT - Retail industry mean).
A Current Ratio of 1.14 means the company has $1.14 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Urban Edge Properties:

The MRQ is 1.136. The company is just able to pay all its short-term debts.
The TTM is 2.321. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.136	TTM	2.321	-1.185
TTM	2.321	YOY	4.127	-1.807
TTM	2.321	5Y	7.372	-5.052
5Y	7.372	10Y	7.779	-0.406

Measures if Urban Edge Properties is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to REIT - Retail industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Urban Edge Properties if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Urban Edge Properties is 1.14. This means Urban Edge Properties has $1.14 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how Urban Edge Properties is performing over time. The most recent quarter might be important if Urban Edge Properties released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Urban Edge Properties up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Urban Edge Properties

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
262,840 \ 231,445) = 1.14

The current ratio measures if Urban Edge Properties is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Urban Edge Properties is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Urban Edge Properties does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Urban Edge Properties is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Urban Edge Properties is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Urban Edge Properties to the REIT - Retail industry mean.
A Quick Ratio of 1.08 means the company can pay off $1.08 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Urban Edge Properties:

The MRQ is 1.079. The company is just able to pay all its short-term debts with the most liquid assets.
The TTM is 1.716. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	1.079	TTM	1.716	-0.637
TTM	1.716	YOY	3.086	-1.370
TTM	1.716	5Y	6.167	-4.451
5Y	6.167	10Y	7.091	-0.924

Measures if Urban Edge Properties is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Urban Edge Properties to the REIT - Retail industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Urban Edge Properties can pay off its short term debts. This shows if Urban Edge Properties can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Urban Edge Properties is 1.08. This means that Urban Edge Properties can pay off $1.08 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how Urban Edge Properties is performing over time. The most recent quarter might be important if Urban Edge Properties released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Urban Edge Properties up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Urban Edge Properties

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Urban Edge Properties: (174,248 + 0 +75,487) / 231,445 = 1.08

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Urban Edge Properties.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Urban Edge Properties assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Urban Edge Properties to REIT - Retail industry mean.
A Debt to Asset Ratio of 0.63 means that Urban Edge Properties assets are financed with 62.8% credit (debt) and the remaining percentage (100% - 62.8%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Urban Edge Properties:

The MRQ is 0.628. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.650. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.628	TTM	0.650	-0.022
TTM	0.650	YOY	0.651	-0.002
TTM	0.650	5Y	0.654	-0.004
5Y	0.654	10Y	0.688	-0.035

Measures how much % of Urban Edge Properties assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Urban Edge Properties than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Urban Edge Properties to REIT - Retail industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Urban Edge Properties is 0.63. This means means that Urban Edge Properties is financed with 62.8% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how Urban Edge Properties is performing over time. The most recent quarter might be important if Urban Edge Properties released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Urban Edge Properties up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Urban Edge Properties has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Urban Edge Properties

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
2,058,381 \ 3,279,809 = 62.8% or 0.63.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Urban Edge Properties is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Urban Edge Properties to the REIT - Retail industry mean.
A Debt to Equity ratio of 178.9% means that company has $1.79 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Urban Edge Properties:

The MRQ is 1.789. The company is just able to pay all its debts with equity.
The TTM is 1.969. The company is just able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	1.789	TTM	1.969	-0.180
TTM	1.969	YOY	1.972	-0.003
TTM	1.969	5Y	1.989	-0.020
5Y	1.989	10Y	2.489	-0.500

Measures if Urban Edge Properties is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Urban Edge Properties is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Urban Edge Properties is 1.79. This means that Urban Edge Properties can pay off $1.79 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how Urban Edge Properties is performing over time. The most recent quarter might be important if Urban Edge Properties released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Urban Edge Properties up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Urban Edge Properties

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,058,381 \ 1,150,690 = 1.79 or 178.9%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Urban Edge Properties

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Urban Edge Properties generates.

Above 15 is considered overpriced but always compare Urban Edge Properties to the REIT - Retail industry mean.
A PE ratio of 2.46 means the investor is paying $2.46 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Urban Edge Properties:

The EOD is 2.258. Based on the earnings, the company is cheap. +2
The MRQ is 2.456. Based on the earnings, the company is cheap. +2
The TTM is 9.159. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	2.258	MRQ	2.456	-0.199
MRQ	2.456	TTM	9.159	-6.702
TTM	9.159	YOY	41.404	-32.245
TTM	9.159	5Y	25.854	-16.695
5Y	25.854	10Y	22.944	+2.910

Measures how much money you pay for each share for every $1 in earnings Urban Edge Properties generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Urban Edge Properties to the REIT - Retail industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Urban Edge Properties is 2.46. This means the investor is paying $2.46 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how Urban Edge Properties is performing over time. The most recent quarter might be important if Urban Edge Properties released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Urban Edge Properties up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Urban Edge Properties

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 117,641 = EPS
PE ratio MRQ = 2.46

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Urban Edge Properties:

The EOD is 16.462. Based on how much money comes from the company's main activities, the company is underpriced. +1
The MRQ is 17.910. Based on how much money comes from the company's main activities, the company is underpriced. +1
The TTM is 14.601. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	16.462	MRQ	17.910	-1.448
MRQ	17.910	TTM	14.601	+3.309
TTM	14.601	YOY	20.886	-6.285
TTM	14.601	5Y	28.373	-13.772
5Y	28.373	10Y	26.602	+1.771

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Urban Edge Properties is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to REIT - Retail industry mean).
A PB ratio of 1.78 means the investor is paying $1.78 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Urban Edge Properties:

The EOD is 1.636. Based on the equity, the company is underpriced. +1
The MRQ is 1.780. Based on the equity, the company is underpriced. +1
The TTM is 1.823. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.636	MRQ	1.780	-0.144
MRQ	1.780	TTM	1.823	-0.043
TTM	1.823	YOY	1.789	+0.033
TTM	1.823	5Y	1.858	-0.035
5Y	1.858	10Y	2.821	-0.964

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Urban Edge Properties.

3.1. Institutions holding Urban Edge Properties

Institutions are holding 96.935% of the shares of Urban Edge Properties.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-09-30	BlackRock Inc	17.6712	0.0091	20790636	-465013	-2.1877
2023-09-30	Vanguard Group Inc	15.6388	0.0069	18399457	-97382	-0.5265
2023-09-30	FMR Inc	11.2996	0.0175	13294317	388473	3.0101
2023-09-30	State Street Corporation	6.1555	0.0061	7242051	19077	0.2641
2023-12-31	Resolution Capital Limited	3.8109	1.4882	4483636	-109712	-2.3885
2023-09-30	Westwood Holdings Group Inc	3.7863	0.6341	4454703	-469957	-9.5429
2023-09-30	Geode Capital Management, LLC	2.2362	0.0048	2630971	93305	3.6768
2023-09-30	Balyasny Asset Management LLC	2.1766	0.0797	2560783	2148585	521.2507
2023-09-30	CenterSquare Investment Management LLC	1.9084	0.4315	2245232	-403566	-15.2358
2023-09-30	Bank of New York Mellon Corp	1.8161	0.0072	2136744	259002	13.7933
2023-09-30	Charles Schwab Investment Management Inc	1.7772	0.0091	2090871	122998	6.2503
2023-09-30	Morgan Stanley - Brokerage Accounts	1.4574	0.0027	1714640	761771	79.945
2023-12-31	Dimensional Fund Advisors, Inc.	1.3961	0.0088	1642574	-2239	-0.1361
2023-09-30	Northern Trust Corp	1.3915	0.0048	1637094	289	0.0177
2023-09-30	Fisher Asset Management, LLC	1.286	0.0131	1513058	-45706	-2.9322
2023-12-31	Cramer Rosenthal McGlynn LLC	1.1405	1.3341	1341822	-74553	-5.2636
2023-12-31	American Century Companies Inc	0.9387	0.0139	1104419	-494639	-30.9331
2023-09-30	Legal & General Group PLC	0.8842	0.0055	1040318	-4417	-0.4228
2023-12-31	Jennison Associates LLC	0.859	0.0138	1010628	1010628	0
2023-09-30	Neuberger Berman Group LLC	0.7889	0.0129	928139	-23993	-2.5199
Total		78.4191	4.1038	92262093	+2612951	+2.8%

3.2. Funds holding Urban Edge Properties

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	iShares Core S&P Small-Cap ETF	6.8067	0.176	8013359	11934	0.1491
2024-02-29	Vanguard Real Estate Index Investor	4.0776	0.1278	4800483	14099	0.2946
2023-09-15	Fidelity US REIT Mother Fund	3.4441	1.2551	4054600	831900	25.8138
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.9401	0.0038	3461344	-13564	-0.3903
2024-02-29	Vanguard Small Cap Index	2.4468	0.0349	2880517	26579	0.9313
2024-02-29	iShares Russell 2000 ETF	2.4209	0.0777	2850034	-466	-0.0163
2024-02-29	Vanguard Small Cap Value Index Inv	1.665	0.0627	1960106	8160	0.418
2024-01-31	Fidelity Real Estate Investment Port	1.5035	1.1781	1770000	15000	0.8547
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4674	0.0288	1727514	1638	0.0949
2023-12-31	Fidelity Advisor Strategic Div & Inc I	1.3096	0.4371	1541800	-63000	-3.9257
2023-12-31	Fidelity Advisor Strategic Real Ret I	1.3096	0.2659	1541800	-63000	-3.9257
2023-12-31	Westwood Quality SmallCap Fund Inst	1.0945	1.989	1288559	-57167	-4.248
2023-12-31	Westwood Mgt SmallCap Value	1.0945	1.9839	1288559	-57167	-4.248
2023-09-30	FIAM Small Cap Core Composite	1.0796	0.5549	1270950	34350	2.7778
2023-12-31	FIAM Small Cap Core CIT Cl B	1.0514	0.5588	1237750	-47000	-3.6583
2023-12-31	Fidelity Small Cap Index	0.9849	0.0835	1159543	17669	1.5474
2024-02-01	iShares Russell 2000 Value ETF	0.9195	0.16	1082525	1370	0.1267
2024-02-29	SPDR® Portfolio S&P 600 Sm Cap ETF	0.9045	0.1764	1064785	217	0.0204
2024-02-29	Vanguard Tax-Managed Small Cap Adm	0.7807	0.1759	919086	0	0
2023-12-31	Fidelity Advisor Small Cap I	0.7314	0.8214	861000	0	0
Total		38.0323	10.1517	44774314	+661552	+1.5%

3.3. Insider Transactions

Insiders are holding 0.118% of the shares of Urban Edge Properties.

Date	Owner	Type	Amount	Price	Post Transaction Amount	Link
2024-03-12	Robert C. Milton Iii	SELL	26333	17.02

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Urban Edge Properties compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	2.040	0.453	+351%	-0.087	+104%	0.091	+2149%	0.181	+1029%
Book Value Per Share	-	-	10.283	8.796	+17%	8.612	+19%	8.549	+20%	6.963	+48%
Current Ratio	-	-	1.136	2.321	-51%	4.127	-72%	7.372	-85%	7.779	-85%
Debt To Asset Ratio	-	-	0.628	0.650	-3%	0.651	-4%	0.654	-4%	0.688	-9%
Debt To Equity Ratio	-	-	1.789	1.969	-9%	1.972	-9%	1.989	-10%	2.489	-28%
Dividend Per Share	-	-	0.158	0.157	+1%	0.156	+1%	0.332	-52%	0.262	-40%
Eps	-	-	1.862	0.521	+258%	0.096	+1841%	0.250	+644%	0.209	+793%
Free Cash Flow Per Share	-	-	0.255	0.278	-8%	0.235	+9%	0.234	+9%	0.225	+14%
Free Cash Flow To Equity Per Share	-	-	0.807	0.276	+192%	0.072	+1027%	0.104	+676%	0.216	+273%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	9.650	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	1.197	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.051	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.771	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	3.094	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	1.767	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	5.060	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	2.152	-	-	-	-	-	-	-	-
Market Cap	1997997340.000	-9%	2173802100.000	1915116507.500	+14%	1853002027.500	+17%	1905991471.500	+14%	2099977721.951	+4%
Net Profit Margin	-	-	1.898	0.626	+203%	0.116	+1536%	0.307	+518%	0.262	+625%
Operating Margin	-	-	0.318	0.312	+2%	0.267	+19%	0.280	+14%	0.332	-4%
Operating Ratio	-	-	0.682	0.628	+9%	0.729	-6%	0.711	-4%	0.678	+1%
Pb Ratio	1.636	-9%	1.780	1.823	-2%	1.789	-1%	1.858	-4%	2.821	-37%
Pe Ratio	2.258	-9%	2.456	9.159	-73%	41.404	-94%	25.854	-90%	22.944	-89%
Price Per Share	16.820	-9%	18.300	16.013	+14%	15.435	+19%	15.868	+15%	17.592	+4%
Price To Free Cash Flow Ratio	16.462	-9%	17.910	14.601	+23%	20.886	-14%	28.373	-37%	26.602	-33%
Price To Total Gains Ratio	7.652	-9%	8.325	170.646	-95%	66.869	-88%	74.558	-89%	76.795	-89%
Quick Ratio	-	-	1.079	1.716	-37%	3.086	-65%	6.167	-83%	7.091	-85%
Return On Assets	-	-	0.067	0.022	+203%	0.004	+1635%	0.010	+548%	0.010	+590%
Return On Equity	-	-	0.192	0.064	+199%	0.012	+1532%	0.031	+521%	0.033	+481%
Total Gains Per Share	-	-	2.198	0.610	+261%	0.069	+3094%	0.423	+420%	0.443	+396%
Usd Book Value	-	-	1221428001.000	1051928000.250	+16%	1035060750.000	+18%	1026132050.050	+19%	832290219.537	+47%
Usd Book Value Change Per Share	-	-	2.040	0.453	+351%	-0.087	+104%	0.091	+2149%	0.181	+1029%
Usd Book Value Per Share	-	-	10.283	8.796	+17%	8.612	+19%	8.549	+20%	6.963	+48%
Usd Dividend Per Share	-	-	0.158	0.157	+1%	0.156	+1%	0.332	-52%	0.262	-40%
Usd Eps	-	-	1.862	0.521	+258%	0.096	+1841%	0.250	+644%	0.209	+793%
Usd Free Cash Flow	-	-	30343000.000	33298750.000	-9%	28181500.000	+8%	27955750.000	+9%	26771268.293	+13%
Usd Free Cash Flow Per Share	-	-	0.255	0.278	-8%	0.235	+9%	0.234	+9%	0.225	+14%
Usd Free Cash Flow To Equity Per Share	-	-	0.807	0.276	+192%	0.072	+1027%	0.104	+676%	0.216	+273%
Usd Market Cap	1997997340.000	-9%	2173802100.000	1915116507.500	+14%	1853002027.500	+17%	1905991471.500	+14%	2099977721.951	+4%
Usd Price Per Share	16.820	-9%	18.300	16.013	+14%	15.435	+19%	15.868	+15%	17.592	+4%
Usd Profit	-	-	221235000.000	70754250.000	+213%	11542500.000	+1817%	31749250.000	+597%	25782439.024	+758%
Usd Revenue	-	-	116582000.000	104230500.000	+12%	99484500.000	+17%	97884300.000	+19%	93738243.902	+24%
Usd Total Gains Per Share	-	-	2.198	0.610	+261%	0.069	+3094%	0.423	+420%	0.443	+396%
	EOD	+4 -4	MRQ	TTM	+26 -9	YOY	+31 -4	5Y	+29 -6	10Y	+27 -8

4.2. Fundamental Score

Let's check the fundamental score of Urban Edge Properties based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	2.258
Price to Book Ratio (EOD)	Between	0-1	1.636
Net Profit Margin (MRQ)	Greater than	0	1.898
Operating Margin (MRQ)	Greater than	0	0.318
Quick Ratio (MRQ)	Greater than	1	1.079
Current Ratio (MRQ)	Greater than	1	1.136
Debt to Asset Ratio (MRQ)	Less than	1	0.628
Debt to Equity Ratio (MRQ)	Less than	1	1.789
Return on Equity (MRQ)	Greater than	0.15	0.192
Return on Assets (MRQ)	Greater than	0.05	0.067
Total			8/10 (80.0%)

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4.3. Technical Score

Let's check the technical score of Urban Edge Properties based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	55.408
Ma 20	Greater than	Ma 50	16.511
Ma 50	Greater than	Ma 100	16.740
Ma 100	Greater than	Ma 200	17.143
Open	Greater than	Close	16.550
Total			2/5 (40.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Retained Earnings	-36,104	-37,930	-74,034	-8,554	-82,588	17,293	-65,295	202,408	137,113
Tax Provision	641	65	706	-665	41	17,022	17,063	-17,073	-10
Total Other Income Expense Net	-15,468	-33,348	-48,816	48,327	-489	-5,004	-5,493	200,331	194,838

Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	3,279,809
Total Liabilities	2,058,381
Total Stockholder Equity	1,150,690

	As reported
Total Liabilities	2,058,381
Total Stockholder Equity	+ 1,150,690
Total Assets	= 3,279,809

Assets

Total Assets	3,279,809
Total Current Assets	262,840
Long-term Assets	3,016,969

Total Current Assets

Total Current Assets (as reported)	262,840
Cash And Cash Equivalents	174,248
Net Receivables	75,487
Total Current Assets (calculated)	249,735
+/-	13,105

Long-term Assets

Long-term Assets (as reported)	3,016,969
Property Plant Equipment	56,988
Intangible Assets	113,897
Other Assets	2,947,026
Long-term Assets (calculated)	3,117,911
+/-	100,942

Liabilities & Shareholders' Equity

Total Current Liabilities	231,445
Long-term Liabilities	1,826,936
Total Stockholder Equity	1,150,690

Total Current Liabilities

Total Current Liabilities (as reported)	231,445
Short-term Debt	391,523
Short Long Term Debt	153,000
Other Current Liabilities	-194,918
Total Current Liabilities (calculated)	349,605
+/-	118,160

Long-term Liabilities

Long-term Liabilities (as reported)	1,826,936
Long term Debt	1,578,110
Capital Lease Obligations	56,891
Long-term Liabilities Other	191,935
Long-term Liabilities (calculated)	1,826,936
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,150,690
Common Stock	1,175
Retained Earnings	137,113
Accumulated Other Comprehensive Income	460
Other Stockholders Equity	1,011,942
Total Stockholder Equity (calculated)	1,150,690
+/-	0

Other

Capital Stock	1,175
Cash and Short Term Investments	174,248
Common Stock Shares Outstanding	117,641
Current Deferred Revenue	34,840
Liabilities and Stockholders Equity	3,279,809
Net Debt	1,784,164
Net Invested Capital	2,881,800
Net Working Capital	31,395
Property Plant and Equipment Gross	59,712
Short Long Term Debt Total	1,958,412

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-05-02

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

> Total Assets

1,878,227
0
0
0
1,749,965
1,764,952
1,755,296
1,873,595
1,741,529
1,936,468
1,929,422
1,927,721
1,918,931
1,907,994
1,899,390
1,906,526
1,904,138
2,050,351
2,563,704
2,706,512
2,820,808
2,803,378
2,803,378
2,840,555
2,810,847
2,798,994
2,874,427
2,858,419
2,873,878
2,846,358
3,143,600
3,125,107
3,134,315
2,939,560
2,876,882
2,865,934
2,881,821
2,985,116
2,961,237
2,970,299
2,961,492
2,977,432
2,923,644
2,903,129
2,881,844
3,279,809

3,279,809

2,881,844

2,903,129

2,923,644

2,977,432

2,961,492

2,970,299

2,961,237

2,985,116

2,881,821

2,865,934

2,876,882

2,939,560

3,134,315

3,125,107

3,143,600

2,846,358

2,873,878

2,858,419

2,874,427

2,798,994

2,810,847

2,840,555

2,803,378

2,820,808

2,706,512

2,563,704

2,050,351

1,904,138

1,906,526

1,899,390

1,907,994

1,918,931

1,927,721

1,929,422

1,936,468

1,741,529

1,873,595

1,755,296

1,764,952

1,749,965

1,878,227

> Total Current Assets

0
0
0
0
120,767
125,484
125,378
257,933
123,447
320,961
313,503
315,438
285,688
276,510
270,269
266,453
254,663
234,977
368,809
511,991
625,321
594,325
484,338
629,804
592,591
583,956
578,578
601,086
653,664
614,279
756,190
747,500
771,167
567,343
472,491
475,703
414,904
372,451
290,294
262,831
246,411
288,217
210,626
190,095
176,639
262,840

262,840

176,639

190,095

210,626

288,217

246,411

262,831

290,294

372,451

414,904

475,703

472,491

567,343

771,167

747,500

756,190

614,279

653,664

601,086

578,578

583,956

592,591

629,804

484,338

594,325

625,321

511,991

368,809

234,977

254,663

266,453

270,269

276,510

285,688

315,438

313,503

320,961

123,447

257,933

125,378

125,484

120,767

Cash And Cash Equivalents

4,345
0
0
0
5,223
5,976
5,882
132,825
2,600
199,011
193,355
197,338
168,983
162,354
156,672
149,698
131,654
110,974
248,407
380,395
490,279
462,774
462,774
500,930
449,307
440,430
416,668
412,126
441,561
432,954
622,667
615,579
646,432
384,572
324,508
321,200
268,952
164,478
151,789
125,483
108,437
85,518
62,142
48,930
50,793
174,248

174,248

50,793

48,930

62,142

85,518

108,437

125,483

151,789

164,478

268,952

321,200

324,508

384,572

646,432

615,579

622,667

432,954

441,561

412,126

416,668

440,430

449,307

500,930

462,774

490,279

380,395

248,407

110,974

131,654

149,698

156,672

162,354

168,983

197,338

193,355

199,011

2,600

132,825

5,882

5,976

5,223

4,345

Short-term Investments

8,962
0
0
0
11,049
11,922
9,491
9,687
9,967
12,935
10,792
9,832
9,042
8,081
8,995
7,653
8,532
11,812
14,422
8,363
10,562
10,817
0
13,057
16,269
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

16,269

13,057

10,817

10,562

8,363

14,422

11,812

8,532

7,653

8,995

8,081

9,042

9,832

10,792

12,935

9,967

9,687

9,491

11,922

11,049

8,962

Net Receivables

0
0
0
0
93,641
98,046
98,631
99,646
100,623
101,766
104,167
98,629
99,142
98,352
96,242
98,264
97,035
98,017
99,036
109,916
105,921
107,291
107,395
107,395
113,627
113,466
119,850
109,832
102,658
95,443
93,354
96,820
88,547
77,779
77,529
77,063
79,622
78,504
80,521
78,115
80,612
82,236
81,343
82,335
83,322
75,487

75,487

83,322

82,335

81,343

82,236

80,612

78,115

80,521

78,504

79,622

77,063

77,529

77,779

88,547

96,820

93,354

95,443

102,658

109,832

119,850

113,466

113,627

107,395

107,291

105,921

109,916

99,036

98,017

97,035

98,264

96,242

98,352

99,142

98,629

104,167

101,766

100,623

99,646

98,631

98,046

93,641

Other Current Assets

0
0
0
0
21,903
21,462
20,865
25,462
20,224
2,912
2,336
2,368
2,467
2,437
2,347
4,099
2,161
3,097
2,301
3,600
3,771
3,801
0
3,806
2,806
2,615
2,914
3,231
4,289
7,460
40,169
35,101
36,188
46,235
70,454
71,957
66,330
67,379
57,984
59,233
57,362
77,207
-192,529
-175,761
-134,115
-249,735

-249,735

-134,115

-175,761

-192,529

77,207

57,362

59,233

57,984

67,379

66,330

71,957

70,454

46,235

36,188

35,101

40,169

7,460

4,289

3,231

2,914

2,615

2,806

3,806

3,801

3,771

3,600

2,301

3,097

2,161

4,099

2,347

2,437

2,467

2,368

2,336

2,912

20,224

25,462

20,865

21,462

21,903

> Long-term Assets

0
0
0
0
1,629,198
1,639,468
1,629,918
1,615,662
1,618,082
1,615,507
1,615,919
1,612,283
1,633,243
1,631,484
1,629,121
1,640,073
1,649,475
1,815,374
2,194,895
2,194,521
2,195,487
2,209,053
23,022
2,210,751
2,218,256
2,215,038
2,295,849
2,257,333
2,220,214
2,232,079
2,387,410
2,377,607
2,363,148
2,372,217
2,404,391
2,390,231
2,466,917
2,612,665
2,670,943
2,707,468
2,715,081
2,689,215
2,713,018
2,713,034
2,705,205
3,016,969

3,016,969

2,705,205

2,713,034

2,713,018

2,689,215

2,715,081

2,707,468

2,670,943

2,612,665

2,466,917

2,390,231

2,404,391

2,372,217

2,363,148

2,377,607

2,387,410

2,232,079

2,220,214

2,257,333

2,295,849

2,215,038

2,218,256

2,210,751

23,022

2,209,053

2,195,487

2,194,521

2,194,895

1,815,374

1,649,475

1,640,073

1,629,121

1,631,484

1,633,243

1,612,283

1,615,919

1,615,507

1,618,082

1,615,662

1,629,918

1,639,468

1,629,198

Property Plant Equipment

0
0
0
0
0
0
0
0
1,555,301
1,548,151
1,550,678
1,547,746
1,575,530
1,574,645
1,576,008
1,583,451
1,597,423
1,714,996
2,074,104
2,074,624
2,084,727
2,099,058
2,107,613
2,107,613
2,119,046
2,123,120
96,466
85,404
83,523
81,768
79,962
77,957
77,183
80,997
81,909
80,152
78,378
69,361
70,342
68,582
66,802
64,161
65,110
61,917
60,101
56,988

56,988

60,101

61,917

65,110

64,161

66,802

68,582

70,342

69,361

78,378

80,152

81,909

80,997

77,183

77,957

79,962

81,768

83,523

85,404

96,466

2,123,120

2,119,046

2,107,613

2,099,058

2,084,727

2,074,624

2,074,104

1,714,996

1,597,423

1,583,451

1,576,008

1,574,645

1,575,530

1,547,746

1,550,678

1,548,151

1,555,301

Intangible Assets

53,363
0
0
0
50,155
49,361
48,574
35,445
34,775
34,089
33,416
32,793
33,953
33,262
32,586
31,502
30,875
73,879
94,964
91,305
87,249
82,787
82,787
76,310
72,841
68,422
53,994
51,618
49,527
48,121
59,810
57,332
54,870
56,184
53,714
51,536
50,719
71,107
68,007
68,886
65,974
62,856
60,181
57,407
54,823
113,897

113,897

54,823

57,407

60,181

62,856

65,974

68,886

68,007

71,107

50,719

51,536

53,714

56,184

54,870

57,332

59,810

48,121

49,527

51,618

53,994

68,422

72,841

76,310

82,787

87,249

91,305

94,964

73,879

30,875

31,502

32,586

33,262

33,953

32,793

33,416

34,089

34,775

35,445

48,574

49,361

50,155

53,363

Long-term Assets Other

0
0
0
0
1,591,712
1,583,484
1,574,937
1,580,217
1,583,307
1,581,418
1,582,503
1,579,490
1,599,290
1,598,222
1,596,535
1,608,571
1,618,600
1,741,495
2,099,931
2,103,216
2,108,238
2,126,266
12,228
2,134,441
2,145,415
2,146,616
2,145,389
2,120,311
2,087,164
2,102,190
2,247,638
7,491
7,520
5,953
6,879
9,028
9,463
19,712
2,496,069
2,534,145
2,547,053
2,527,582
2,552,188
20,745
29,379
68,630

68,630

29,379

20,745

2,552,188

2,527,582

2,547,053

2,534,145

2,496,069

19,712

9,463

9,028

6,879

5,953

7,520

7,491

2,247,638

2,102,190

2,087,164

2,120,311

2,145,389

2,146,616

2,145,415

2,134,441

12,228

2,126,266

2,108,238

2,103,216

2,099,931

1,741,495

1,618,600

1,608,571

1,596,535

1,598,222

1,599,290

1,579,490

1,582,503

1,581,418

1,583,307

1,580,217

1,574,937

1,583,484

1,591,712

> Total Liabilities

1,469,291
0
0
0
1,408,381
1,394,478
1,387,470
1,496,821
1,482,666
1,598,068
1,450,424
1,448,804
1,447,477
1,436,517
1,411,126
1,412,747
1,408,021
1,473,143
1,679,635
1,674,438
1,830,267
1,815,948
1,815,948
1,818,623
1,787,593
1,793,017
1,868,335
1,848,733
1,838,165
1,831,582
2,145,377
2,097,997
2,110,431
1,943,667
1,875,512
1,866,944
1,866,766
1,937,222
1,920,104
1,933,349
1,929,438
1,947,326
1,931,155
1,916,631
1,874,547
2,058,381

2,058,381

1,874,547

1,916,631

1,931,155

1,947,326

1,929,438

1,933,349

1,920,104

1,937,222

1,866,766

1,866,944

1,875,512

1,943,667

2,110,431

2,097,997

2,145,377

1,831,582

1,838,165

1,848,733

1,868,335

1,793,017

1,787,593

1,818,623

1,815,948

1,830,267

1,674,438

1,679,635

1,473,143

1,408,021

1,412,747

1,411,126

1,436,517

1,447,477

1,448,804

1,450,424

1,598,068

1,482,666

1,496,821

1,387,470

1,394,478

1,408,381

1,469,291

> Total Current Liabilities

0
0
0
0
30,538
27,983
25,367
32,287
26,924
20,816
20,791
38,008
29,234
39,508
28,151
47,558
35,223
54,286
63,388
65,769
69,595
71,061
71,061
80,768
70,227
44,451
34,688
45,804
32,008
23,473
291,239
292,225
300,577
80,594
44,683
54,582
73,321
67,075
58,382
56,596
60,366
102,519
75,667
70,512
66,206
231,445

231,445

66,206

70,512

75,667

102,519

60,366

56,596

58,382

67,075

73,321

54,582

44,683

80,594

300,577

292,225

291,239

23,473

32,008

45,804

34,688

44,451

70,227

80,768

71,061

69,595

65,769

63,388

54,286

35,223

47,558

28,151

39,508

29,234

38,008

20,791

20,816

26,924

32,287

25,367

27,983

30,538

Short-term Debt

0
0
0
0
0
0
0
0
1,278,182
0
0
0
1,233,983
0
0
0
1,197,513
1,256,955
1,412,397
1,408,066
1,564,542
1,552,543
0
1,551,788
0
0
0
0
0
0
250,000
250,000
250,000
2,993
2,996
2,999
70,071
64,578
62,931
61,265
59,581
59,789
346,225
32,541
25,446
391,523

391,523

25,446

32,541

346,225

59,789

59,581

61,265

62,931

64,578

70,071

2,999

2,996

2,993

250,000

1,551,788

1,552,543

1,564,542

1,408,066

1,412,397

1,256,955

1,197,513

1,233,983

1,278,182

Short Long Term Debt

0
0
0
0
0
0
0
0
1,278,182
0
0
0
1,233,983
0
0
0
1,197,513
1,256,955
1,412,397
1,408,066
1,564,542
1,552,543
0
1,551,788
0
0
0
0
0
0
250,000
250,000
250,000
0
0
0
0
0
0
0
0
0
0
0
0
153,000

153,000

250,000

1,551,788

1,552,543

1,564,542

1,408,066

1,412,397

1,256,955

1,197,513

1,233,983

1,278,182

Accounts payable

30,881
0
0
0
30,538
27,983
25,367
32,287
26,924
32,705
31,968
38,008
45,331
39,508
39,889
47,558
48,842
54,286
63,388
65,769
69,595
71,061
80,768
80,768
70,227
98,517
85,424
85,034
80,161
76,644
-2,260
58,374
68,396
-26,594
71,745
22,389
94,514
84,829
75,962
74,913
78,710
102,519
7,906
6,465
90,017
0

90,017

6,465

7,906

102,519

78,710

74,913

75,962

84,829

94,514

22,389

71,745

-26,594

68,396

58,374

-2,260

76,644

80,161

85,034

85,424

98,517

70,227

80,768

71,061

69,595

65,769

63,388

54,286

48,842

47,558

39,889

39,508

45,331

38,008

31,968

32,705

26,924

32,287

25,367

27,983

30,538

30,881

Other Current Liabilities

0
0
0
0
30,538
27,983
25,367
32,287
26,924
20,816
20,791
38,008
29,234
39,508
28,151
47,558
35,223
54,286
63,388
65,769
69,595
71,061
0
80,768
70,227
44,451
34,688
45,804
32,008
23,473
22,928
20,064
25,635
77,601
18,912
4,714
49,363
38,177
33,724
-102,420
-103,198
-88,257
-306,568
4,013
-79,586
-194,918

-194,918

-79,586

4,013

-306,568

-88,257

-103,198

-102,420

33,724

38,177

49,363

4,714

18,912

77,601

25,635

20,064

22,928

23,473

32,008

45,804

34,688

44,451

70,227

80,768

71,061

69,595

65,769

63,388

54,286

35,223

47,558

28,151

39,508

29,234

38,008

20,791

20,816

26,924

32,287

25,367

27,983

30,538

> Long-term Liabilities

0
0
0
0
1,377,843
1,366,495
1,362,103
1,464,534
1,455,742
1,577,252
1,429,633
1,410,796
1,418,243
1,397,009
1,382,975
1,365,189
1,372,798
1,418,857
1,616,247
1,608,669
1,760,672
1,744,887
1,737,855
1,737,855
1,717,366
1,748,566
1,833,647
1,802,929
1,806,157
1,808,109
1,854,138
1,805,772
1,809,854
1,863,073
1,830,829
1,812,362
1,793,445
1,870,147
1,861,722
1,876,753
1,869,072
1,844,807
1,855,488
1,846,119
1,808,341
1,826,936

1,826,936

1,808,341

1,846,119

1,855,488

1,844,807

1,869,072

1,876,753

1,861,722

1,870,147

1,793,445

1,812,362

1,830,829

1,863,073

1,809,854

1,805,772

1,854,138

1,808,109

1,806,157

1,802,929

1,833,647

1,748,566

1,717,366

1,737,855

1,744,887

1,760,672

1,608,669

1,616,247

1,418,857

1,372,798

1,365,189

1,382,975

1,397,009

1,418,243

1,410,796

1,429,633

1,577,252

1,455,742

1,464,534

1,362,103

1,366,495

1,377,843

Long term Debt Total

0
0
0
0
0
0
0
0
0
1,253,889
1,250,031
1,246,155
1,233,983
1,230,349
1,205,278
1,201,466
1,197,513
1,256,955
1,412,397
1,408,066
1,564,542
1,552,543
1,551,788
1,551,788
1,550,995
1,550,242
1,549,479
1,548,944
1,547,486
1,546,195
1,616,853
1,584,724
1,590,304
1,587,532
1,584,978
1,577,413
1,573,702
1,687,190
1,682,929
1,699,844
1,695,776
1,691,690
1,686,897
1,683,328
1,646,358
0

1,646,358

1,683,328

1,686,897

1,691,690

1,695,776

1,699,844

1,682,929

1,687,190

1,573,702

1,577,413

1,584,978

1,587,532

1,590,304

1,584,724

1,616,853

1,546,195

1,547,486

1,548,944

1,549,479

1,550,242

1,550,995

1,551,788

1,552,543

1,564,542

1,408,066

1,412,397

1,256,955

1,197,513

1,201,466

1,205,278

1,230,349

1,233,983

1,246,155

1,250,031

1,253,889

Capital Lease Obligations Min Short Term Debt

0
0
0
0
0
0
0
0
-1,278,182
0
0
0
-1,233,983
0
0
0
-1,197,513
-1,256,955
-1,412,397
-1,408,066
-1,564,542
-1,552,543
0
-1,551,788
0
0
91,906
83,050
81,428
79,913
-171,666
-173,472
-174,035
74,972
73,327
71,708
3,001
3,004
3,007
3,010
3,013
3,016
-285,103
26,439
31,776
-334,632

-334,632

31,776

26,439

-285,103

3,016

3,013

3,010

3,007

3,004

3,001

71,708

73,327

74,972

-174,035

-173,472

-171,666

79,913

81,428

83,050

91,906

-1,551,788

-1,552,543

-1,564,542

-1,408,066

-1,412,397

-1,256,955

-1,197,513

-1,233,983

-1,278,182

Warrants

0
0
0
0
0
0
0
0
0
143,675
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
0
0
0
0
0
0

143,675

Long-term Liabilities Other

0
0
0
0
0
0
0
0
0
167,799
168,425
164,641
168,163
166,660
165,959
163,723
161,666
161,902
203,850
200,603
196,130
192,344
186,067
186,067
166,371
144,258
233,432
214,755
210,518
208,743
209,174
204,899
201,731
223,155
218,789
160,242
198,550
165,203
161,213
158,592
154,952
108,315
149,492
144,999
107,786
191,935

191,935

107,786

144,999

149,492

108,315

154,952

158,592

161,213

165,203

198,550

160,242

218,789

223,155

201,731

204,899

209,174

208,743

210,518

214,755

233,432

144,258

166,371

186,067

192,344

196,130

200,603

203,850

161,902

161,666

163,723

165,959

166,660

168,163

164,641

168,425

167,799

Deferred Long Term Liability

0
0
0
0
0
0
0
0
17,653
0
0
0
21,293
0
0
0
21,177
0
0
0
23,511
23,407
0
23,022
23,563
23,496
23,521
22,390
24,356
25,351
24,739
24,065
23,243
18,585
18,237
20,993
17,413
20,694
22,747
21,049
28,896
33,548
0
34,830
27,945
0

27,945

34,830

33,548

28,896

21,049

22,747

20,694

17,413

20,993

18,237

18,585

23,243

24,065

24,739

25,351

24,356

22,390

23,521

23,496

23,563

23,022

23,407

23,511

21,177

21,293

17,653

> Total Stockholder Equity

408,638
0
0
0
341,265
370,150
367,496
376,439
258,522
338,053
445,692
445,455
437,920
437,583
453,051
458,195
460,306
489,769
674,485
927,863
889,919
886,979
2,997,598
918,791
918,879
904,706
949,667
960,102
988,049
967,816
957,425
987,111
984,009
951,565
951,543
949,268
966,287
995,332
985,780
980,232
977,093
976,991
938,003
931,733
950,520
1,150,690

1,150,690

950,520

931,733

938,003

976,991

977,093

980,232

985,780

995,332

966,287

949,268

951,543

951,565

984,009

987,111

957,425

967,816

988,049

960,102

949,667

904,706

918,879

918,791

2,997,598

886,979

889,919

927,863

674,485

489,769

460,306

458,195

453,051

437,583

437,920

445,455

445,692

338,053

258,522

376,439

367,496

370,150

341,265

408,638

Common Stock

0
0
0
0
0
0
0
0
258,522
992
993
993
993
994
994
996
997
998
1,075
1,138
1,138
1,139
1,140
1,140
1,141
1,143
1,201
1,212
1,212
1,213
1,179
1,166
1,166
1,169
1,170
1,170
1,170
1,170
1,173
1,173
1,173
1,173
1,174
1,175
1,175
1,175

1,175

1,174

1,173

1,170

1,169

1,166

1,179

1,213

1,212

1,201

1,143

1,141

1,140

1,139

1,138

1,075

998

997

996

994

993

992

258,522

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
-29,245
-32,897
-33,852
-38,442
-39,638
-25,616
-26,203
-29,066
-419
-10,479
-18,322
-57,621
-61,975
-33,307
-33,307
-34,221
-52,857
-56,663
-56,580
0
-52,546
-30,243
1,012
-4,593
-39,467
-37,145
0
-31,968
-7,091
-16,399
-23,568
-30,982
-36,104
-74,034
-82,588
0
0

-82,588

-74,034

-36,104

-30,982

-23,568

-16,399

-7,091

-31,968

-37,145

-39,467

-4,593

1,012

-30,243

-52,546

-56,580

-56,663

-52,857

-34,221

-33,307

-61,975

-57,621

-18,322

-10,479

-419

-29,066

-26,203

-25,616

-39,638

-38,442

-33,852

-32,897

-29,245

Accumulated Other Comprehensive Income

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
0
0
0
0
0
0
0
0
0
-52
554
629
341
321
1,334
460

460

1,334

321

341

629

554

-52

Capital Surplus

0
0
0
0
0
0
0
0
0
366,305
477,596
478,314
475,369
476,227
477,673
483,402
488,375
489,190
683,889
945,047
946,402
947,815
950,958
950,958
951,959
956,420
1,005,129
1,015,470
1,016,054
1,019,149
986,489
984,933
987,436
989,863
987,518
990,255
997,085
1,001,253
1,001,006
1,002,679
1,006,348
1,011,293
1,010,522
1,012,825
1,013,306
0

1,013,306

1,012,825

1,010,522

1,011,293

1,006,348

1,002,679

1,001,006

1,001,253

997,085

990,255

987,518

989,863

987,436

984,933

986,489

1,019,149

1,016,054

1,015,470

1,005,129

956,420

951,959

950,958

947,815

946,402

945,047

683,889

489,190

488,375

483,402

477,673

476,227

475,369

478,314

477,596

366,305

Treasury Stock

Other Stockholders Equity

0
0
0
0
341,265
370,150
367,496
376,439
258,522
366,306
477,596
478,314
475,369
476,227
477,673
483,402
488,375
489,190
683,889
945,047
946,402
947,815
2,078,807
950,958
951,959
956,420
1,005,129
1,015,470
1,016,054
1,019,149
986,489
984,933
987,436
989,863
987,518
990,255
997,085
1,001,253
1,001,006
1,002,679
1,006,348
1,011,293
1,010,522
1,012,825
1,013,306
1,011,942

1,011,942

1,013,306

1,012,825

1,010,522

1,011,293

1,006,348

1,002,679

1,001,006

1,001,253

997,085

990,255

987,518

989,863

987,436

984,933

986,489

1,019,149

1,016,054

1,015,470

1,005,129

956,420

951,959

950,958

2,078,807

947,815

946,402

945,047

683,889

489,190

488,375

483,402

477,673

476,227

475,369

478,314

477,596

366,306

258,522

376,439

367,496

370,150

341,265

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31
Accounts Payable	0	102,519	8,057	16,915	13,014	98,517	69,595	48,842	45,331	26,924	30,538	30,881	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	460	629	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	946,402	488,375	0	0	0	0	0
Capital Lease Obligations	56,891	62,805	67,582	77,965	79,913	0	0	0	0	0	0	0	0
Capital Stock	1,175	1,173	1,170	1,169	1,213	1,143	0	0	0	0	0	0	0
Capital Surpluse	0	1,011,293	1,001,253	989,863	1,019,149	956,420	946,402	488,375	475,369	0	0	0	0
Cash	174,248	85,518	164,478	384,572	432,954	440,430	490,279	131,654	168,983	2,600	5,223	4,345	0
Cash And Equivalents	0	85,518	164,478	384,572	432,954	440,430	490,279	131,654	0	0	0	0	0
Cash And Short Term Investments	174,248	85,518	164,478	384,572	432,954	440,430	490,279	131,654	168,983	2,600	5,223	4,345	0
Common Stock	1,175	1,173	1,170	1,169	1,213	1,143	1,138	997	993	258,522	0	0	0
Common Stock Shares Outstanding	117,597	121,640	121,447	117,902	119,896	114,051	118,390	99,794	99,278	99,248	99,248	99,248	99,136
Common Stock Total Equity	0	1,173	1,170	1,169	1,213	1,143	1,138	997	993	0	0	0	0
Current Deferred Revenue	34,840	28,468	28,898	26,594	-20,638	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	33,548	20,694	18,585	25,351	23,496	23,511	21,177	21,293	17,653	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	113,897	62,856	71,107	56,184	48,121	68,422	87,249	30,875	33,953	34,775	50,155	53,363	0
Inventory	0	43,256	0	7,056	6,574	27,445	3,285	23,813	15,096	0	0	0	0
Liabilities And Stockholders Equity	3,279,809	2,977,432	2,985,116	2,939,560	2,846,358	2,798,994	2,820,808	1,904,138	1,918,931	1,741,529	1,749,965	1,857,055	0
Long Term Debt	1,578,110	1,691,690	1,687,190	1,587,532	1,546,195	1,550,242	1,564,542	1,197,513	1,233,983	1,262,065	1,158,295	1,251,234	0
Long Term Debt Total	0	1,691,690	1,687,190	1,587,532	1,546,195	1,550,242	1,564,542	1,197,513	1,233,983	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	1,784,164	1,665,961	1,590,294	1,280,925	1,193,154	1,109,812	1,074,263	1,065,859	1,065,000	1,285,935	1,195,539	1,246,889	0
Net Invested Capital	2,881,800	2,668,681	2,682,522	2,539,097	2,514,011	2,454,948	2,454,461	0	0	0	0	0	0
Net Receivables	75,487	82,236	78,504	77,779	95,443	113,466	105,921	97,035	99,142	100,623	93,641	138,254	0
Net Tangible Assets	0	914,135	924,225	895,381	919,695	836,284	802,670	429,431	403,967	223,747	0	0	0
Net Working Capital	31,395	141,226	243,286	432,055	583,346	536,890	551,955	219,440	256,454	96,523	90,229	132,145	0
Non Current Assets Total	3,016,969	2,689,215	2,612,665	2,372,217	2,232,079	2,215,038	2,195,487	1,649,475	1,633,243	1,618,082	1,629,198	1,694,029	0
Non Current Liabilities Other	191,935	108,315	165,203	223,155	208,743	144,258	196,130	161,666	168,163	0	0	0	0
Non Current Liabilities Total	1,826,936	1,844,807	1,870,147	1,863,073	1,808,109	1,748,566	1,760,672	1,372,798	1,418,243	1,455,742	1,377,843	1,436,286	0
Non Currrent Assets Other	68,630	2,527,582	19,712	5,953	2,102,190	2,146,616	2,108,238	1,618,600	1,599,290	1,583,307	1,591,712	1,653,770	0
Noncontrolling Interest In Consolidated Entity	0	53,115	52,562	44,328	46,960	101,271	100,622	35,811	0	0	0	0	0
Other Assets	2,947,026	2,700,184	2,749,531	2,498,804	32,811	26,111	27,282	23,338	30,335	38,263	40,237	56,192	0
Other Current Assets	-249,735	77,207	-298,340	97,936	7,460	2,615	3,771	2,161	2,467	20,224	21,903	20,427	0
Other Current Liab	-194,809	-88,257	-68,904	34,092	23,473	44,451	69,595	35,223	29,234	26,924	30,538	30,881	0
Other Liab	0	165,576	100,625	148,183	173,898	213,637	242,245	160,357	166,784	167,207	179,442	187,176	0
Other Stockholder Equity	1,011,942	1,011,293	1,001,253	989,863	1,019,149	956,420	946,402	488,375	475,369	258,522	341,265	389,590	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	59,712	64,161	69,361	80,997	81,768	0	0	0	0	0	0	0	0
Property Plant And Equipment Net	56,988	64,161	69,361	80,997	81,768	0	0	0	0	0	0	0	0
Property Plant Equipment	0	2,535,399	2,520,864	2,216,451	2,076,839	2,123,120	2,084,727	1,597,423	1,575,530	1,555,301	0	0	0
Retained Earnings	137,113	-36,104	-7,091	-39,467	-52,546	-52,857	-57,621	-29,066	-38,442	-38,442	0	0	0
Retained Earnings Total Equity	0	-36,104	-7,091	-39,467	-52,546	-52,857	-57,621	-29,066	-38,442	0	0	0	0
Short Long Term Debt	153,000	0	0	0	0	0	1,564,542	1,197,513	1,233,983	1,278,182	0	0	0
Short Long Term Debt Total	1,958,412	1,751,479	1,754,772	1,665,497	1,626,108	1,550,242	1,564,542	1,197,513	1,233,983	1,288,535	1,200,762	1,251,234	0
Short Term Debt	391,414	59,789	99,024	2,993	7,624	0	1,564,542	1,197,513	1,233,983	1,278,182	0	0	0
Short Term Investments	0	0	0	0	0	0	10,562	8,532	9,042	9,967	11,049	8,962	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	3,279,809	2,977,432	2,985,116	2,939,560	2,846,358	2,798,994	2,820,808	1,904,138	1,918,931	1,741,529	1,749,965	1,857,055	0
Total Current Assets	262,840	288,217	372,451	567,343	614,279	583,956	625,321	254,663	285,688	123,447	120,767	163,026	0
Total Current Liabilities	231,445	102,519	67,075	80,594	23,473	44,451	69,595	35,223	29,234	26,924	30,538	30,881	0
Total Liab	2,058,381	1,947,326	1,937,222	1,943,667	1,831,582	1,793,017	1,830,267	1,408,021	1,447,477	1,482,666	1,408,381	1,467,167	0
Total Permanent Equity	0	0	0	0	0	0	990,541	496,117	0	0	0	0	0
Total Stockholder Equity	1,150,690	976,991	995,332	951,565	967,816	904,706	889,919	460,306	437,920	258,522	341,265	389,590	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-05-02	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31
Accounts Payable	0	90,017	6,465	7,906	102,519	78,710	74,913	75,962	84,829	94,514	22,389	71,745	-26,594	68,396	58,374	-2,260	76,644	80,161	85,034	85,424	98,517	70,227	80,768	80,768	71,061	69,595	65,769	63,388	54,286	48,842	47,558	39,889	39,508	45,331	38,008	31,968	32,705	26,924	32,287	25,367	27,983	30,538	0	0	0	30,881
Accumulated Amortization	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	460	1,334	321	341	629	554	-52	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	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	951,959	950,958	947,815	0	946,402	945,047	683,889	489,190	488,375	483,402	477,673	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	56,891	57,222	58,980	61,122	62,805	62,594	64,275	65,938	67,582	73,072	74,707	76,323	77,965	75,965	76,528	78,334	79,913	81,428	83,050	91,906	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
Capital Stock	1,175	1,175	1,175	1,174	1,173	1,173	1,173	1,173	1,170	1,170	1,170	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	0	0	0	0	0
Capital Surpluse	0	1,013,306	1,012,825	1,010,522	1,011,293	1,006,348	1,002,679	1,001,006	1,001,253	997,085	990,255	987,518	989,863	987,436	984,933	986,489	1,019,149	1,016,054	1,015,470	1,005,129	956,420	951,959	950,958	950,958	947,815	946,402	945,047	683,889	489,190	488,375	483,402	477,673	476,227	475,369	478,314	477,596	366,305	0	0	0	0	0	0	0	0	0
Cash	174,248	50,793	48,930	62,142	85,518	108,437	125,483	151,789	164,478	268,952	321,200	324,508	384,572	646,432	615,579	622,667	432,954	441,561	412,126	416,668	440,430	449,307	500,930	462,774	462,774	490,279	380,395	248,407	110,974	131,654	149,698	156,672	162,354	168,983	197,338	193,355	199,011	2,600	132,825	5,882	5,976	5,223	0	0	0	4,345
Cash And Equivalents	0	50,793	48,930	62,142	85,518	108,437	125,483	151,789	164,478	268,952	321,200	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	0	0	0	0	0
Cash And Short Term Investments	174,248	50,793	48,930	62,142	85,518	108,437	125,483	151,789	164,478	268,952	321,200	324,508	384,572	646,432	615,579	622,667	432,954	441,561	412,126	416,668	440,430	449,307	500,930	513,987	462,774	490,279	380,395	248,407	110,974	131,654	149,698	156,672	162,354	168,983	197,338	193,355	199,011	2,600	132,825	5,882	5,976	5,223	0	0	0	0
Common Stock	1,175	1,175	1,175	1,174	1,173	1,173	1,173	1,173	1,170	1,170	1,170	1,170	1,169	1,166	1,166	1,179	1,213	1,212	1,212	1,201	1,143	1,141	1,140	1,140	1,139	1,138	1,138	1,075	998	997	996	994	994	993	993	993	992	258,522	0	0	0	0	0	0	0	0
Common Stock Shares Outstanding	117,641	122,205	117,578	117,450	121,588	121,683	117,427	117,393	117,138	117,137	117,034	117,024	116,873	116,625	116,595	121,051	121,307	121,183	120,461	126,504	114,314	114,156	113,942	0	113,864	113,642	111,260	104,260	100,093	99,988	99,870	99,668	99,363	99,291	99,286	99,274	99,248	99,248	99,300	99,248	99,248	99,248	99,248	99,248	99,248	0
Common Stock Total Equity	0	0	1,175	1,174	1,173	1,173	1,173	1,173	1,170	1,170	1,170	1,170	1,169	1,166	1,166	1,179	1,213	1,212	1,212	1,201	1,143	1,141	1,140	1,139	1,139	1,138	1,138	1,075	998	997	996	994	994	993	993	993	993	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	34,840	30,329	27,493	28,104	28,468	25,273	22,838	24,658	28,898	23,958	24,480	22,775	26,594	24,942	22,161	20,571	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
Deferred Long Term Asset Charges	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	27,945	34,830	0	33,548	28,896	21,049	22,747	20,694	17,413	20,993	18,237	18,585	23,243	24,065	24,739	25,351	24,356	22,390	23,521	23,496	23,563	23,022	0	23,407	23,511	0	0	0	21,177	0	0	0	21,293	0	0	0	17,653	0	0	0	0	0	0	0	0
Earning Assets	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	113,897	54,823	57,407	60,181	62,856	65,974	68,886	68,007	71,107	50,719	51,536	53,714	56,184	54,870	57,332	59,810	48,121	49,527	51,618	53,994	68,422	72,841	76,310	82,787	82,787	87,249	91,305	94,964	73,879	30,875	31,502	32,586	33,262	33,953	32,793	33,416	34,089	34,775	35,445	48,574	49,361	50,155	0	0	0	53,363
Inventory	0	0	234,591	259,670	43,256	0	0	0	62,090	0	5,483	6,879	7,056	7,520	0	7,179	6,574	105,156	75,897	39,146	27,445	26,851	17,673	0	3,285	3,285	18,080	19,065	5,093	23,813	14,392	15,008	13,367	15,096	17,103	13,645	17,272	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	3,279,809	2,881,844	2,903,129	2,923,644	2,977,432	2,961,492	2,970,299	2,961,237	2,985,116	2,881,821	2,865,934	2,876,882	2,939,560	3,134,315	3,125,107	3,143,600	2,846,358	2,873,878	2,858,419	2,874,427	2,798,994	2,810,847	2,840,555	2,840,555	2,803,378	2,820,808	2,706,512	2,563,704	2,050,351	1,904,138	1,906,526	1,899,390	1,907,994	1,918,931	1,927,721	1,929,422	1,936,468	1,741,529	1,873,595	1,755,296	1,764,952	1,749,965	0	0	0	0
Long Term Debt	1,578,110	1,643,333	1,683,328	1,686,897	1,691,690	1,695,776	1,699,844	1,682,929	1,687,190	1,573,702	1,577,413	1,584,978	1,587,532	1,590,304	1,584,724	1,616,853	1,546,195	1,547,486	1,548,944	1,549,479	1,550,242	1,550,995	1,551,788	1,551,788	1,552,543	1,564,542	1,408,066	1,412,397	1,256,955	1,197,513	1,201,466	1,205,278	1,230,349	1,217,864	1,246,155	1,250,031	1,253,889	1,262,065	1,292,075	1,185,296	1,188,825	1,158,295	0	0	0	1,251,234
Long Term Debt Total	0	1,646,358	1,683,328	1,686,897	1,691,690	1,695,776	1,699,844	1,682,929	1,687,190	1,573,702	1,577,413	1,584,978	1,587,532	1,590,304	1,584,724	1,616,853	1,546,195	1,547,486	1,548,944	1,549,479	1,550,242	1,550,995	1,551,788	1,551,788	1,552,543	1,564,542	1,408,066	1,412,397	1,256,955	1,197,513	1,201,466	1,205,278	1,230,349	1,233,983	1,246,155	1,250,031	1,253,889	0	0	0	0	0	0	0	0	0
Long Term Investments	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	1,784,164	1,649,762	1,693,378	1,685,877	1,665,961	1,649,933	1,638,636	1,597,078	1,590,294	1,377,822	1,330,920	1,336,793	1,280,925	1,269,837	1,295,673	1,322,520	1,193,154	1,187,353	1,219,868	1,224,717	1,109,812	1,101,688	1,050,858	0	1,089,769	1,074,263	1,027,671	1,163,990	1,145,981	1,065,859	1,051,768	1,048,606	1,067,995	1,065,000	1,048,817	1,056,676	1,054,878	1,285,935	1,159,250	1,179,414	1,182,849	1,195,539	0	0	0	0
Net Invested Capital	2,881,800	2,593,853	2,615,061	2,624,900	2,668,681	2,672,869	2,680,076	2,668,709	2,682,522	2,539,989	2,526,681	2,536,521	2,539,097	2,824,313	2,821,835	2,824,278	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
Net Receivables	75,487	83,322	82,335	81,343	82,236	80,612	78,115	80,521	78,504	79,622	77,063	77,529	77,779	88,547	96,820	93,354	95,443	102,658	109,832	119,850	113,466	113,627	107,395	107,395	107,291	105,921	109,916	99,036	98,017	97,035	98,264	96,242	98,352	99,142	98,629	104,167	101,766	100,623	99,646	98,631	98,046	93,641	0	0	0	0
Net Tangible Assets	0	895,697	874,326	877,822	914,135	911,119	911,346	917,773	924,225	915,568	897,732	897,829	895,381	929,139	929,779	897,615	919,695	938,522	908,484	895,673	836,284	846,038	842,481	842,481	804,192	802,670	836,558	579,521	415,890	429,431	426,693	455,323	404,321	403,967	412,662	412,276	447,639	223,747	0	0	0	0	0	0	0	0
Net Working Capital	31,395	110,433	119,583	134,959	141,226	186,045	206,235	231,912	243,286	365,541	442,602	447,587	432,055	495,532	477,436	485,522	590,806	621,656	555,282	543,890	539,505	522,364	549,036	413,277	523,264	555,726	446,222	305,421	180,691	219,440	218,895	242,118	237,002	256,454	277,430	292,712	300,145	96,523	225,646	100,011	97,501	90,229	0	0	0	0
Non Current Assets Total	3,016,969	2,705,205	2,713,034	2,713,018	2,689,215	2,715,081	2,707,468	2,670,943	2,612,665	2,466,917	2,390,231	2,404,391	2,372,217	2,363,148	2,377,607	2,387,410	2,232,079	2,220,214	2,257,333	2,295,849	2,215,038	2,218,256	2,210,751	23,022	2,209,053	2,195,487	2,194,521	2,194,895	1,815,374	1,649,475	1,640,073	1,629,121	1,631,484	1,633,243	1,612,283	1,615,919	1,615,507	1,618,082	1,615,662	1,629,918	1,639,468	1,629,198	0	0	0	0
Non Current Liabilities Other	191,935	107,786	144,999	149,492	108,315	154,952	158,592	161,213	165,203	198,550	160,242	218,789	223,155	201,731	204,899	209,174	208,743	210,518	214,755	233,432	144,258	166,371	186,067	186,067	192,344	196,130	200,603	203,850	161,902	161,666	163,723	165,959	166,660	168,163	164,641	168,425	167,799	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	1,826,936	1,808,341	1,846,119	1,855,488	1,844,807	1,869,072	1,876,753	1,861,722	1,870,147	1,793,445	1,812,362	1,830,829	1,863,073	1,809,854	1,805,772	1,854,138	1,808,109	1,806,157	1,802,929	1,833,647	1,748,566	1,717,366	1,737,855	1,737,855	1,744,887	1,760,672	1,608,669	1,616,247	1,418,857	1,372,798	1,365,189	1,382,975	1,397,009	1,418,243	1,410,796	1,429,633	1,577,252	1,455,742	1,464,534	1,362,103	1,366,495	1,377,843	0	0	0	0
Non Currrent Assets Other	68,630	29,379	20,745	2,552,188	2,527,582	2,547,053	2,534,145	2,496,069	19,712	9,463	9,028	6,879	5,953	7,520	7,491	2,247,638	2,102,190	2,087,164	2,120,311	2,145,389	2,146,616	2,145,415	2,134,441	12,228	2,126,266	2,108,238	2,103,216	2,099,931	1,741,495	1,618,600	1,608,571	1,596,535	1,598,222	1,599,290	1,579,490	1,582,503	1,581,418	1,583,307	1,580,217	1,574,937	1,583,484	1,591,712	0	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	54,765	54,486	53,115	54,961	56,718	55,353	52,562	48,768	49,722	49,827	44,328	39,875	39,999	40,798	46,960	47,664	49,584	56,425	101,271	104,375	103,141	103,141	100,451	100,622	104,211	209,584	87,439	35,811	35,584	355	33,894	33,534	33,462	33,306	347	0	0	0	0	0	0	0	0	0
Other Assets	2,947,026	2,651,352	2,671,175	2,673,392	2,700,184	2,658,789	2,646,323	2,877,455	2,749,531	2,562,150	2,544,734	2,552,374	2,498,804	40,786	40,708	24,739	32,811	28,645	25,621	55,641	26,111	26,369	26,828	0	27,208	2,202,949	2,194,521	2,194,895	1,820,467	1,658,236	1,640,073	1,631,468	1,631,484	1,633,243	1,612,283	1,615,919	1,622,756	1,628,339	1,631,437	1,641,292	1,649,008	1,659,448	0	0	0	1,725,759
Other Current Assets	-249,735	-134,115	-175,761	-192,529	77,207	57,362	59,233	57,984	67,379	66,330	71,957	70,454	46,235	36,188	35,101	40,169	7,460	4,289	3,231	2,914	2,615	2,806	3,806	0	3,801	3,771	3,600	2,301	3,097	2,161	4,099	2,347	2,437	2,467	2,368	2,336	2,912	20,224	25,462	20,865	21,462	21,903	0	0	0	0
Other Current Liab	-194,918	-79,586	4,013	-306,568	-88,257	-103,198	-102,420	33,724	38,177	49,363	4,714	18,912	77,601	25,635	20,064	22,928	23,473	32,008	45,804	34,688	44,451	70,227	80,768	0	71,061	69,595	65,769	63,388	54,286	35,223	47,558	28,151	39,508	29,234	38,008	20,791	20,816	26,924	32,287	25,367	27,983	30,538	0	0	0	0
Other Liab	0	87,000	150,344	0	165,576	145,956	97,327	149,805	100,625	192,272	185,657	145,462	148,183	166,897	165,950	130,840	173,898	185,170	183,092	202,996	220,707	164,650	184,254	0	190,862	193,302	196,736	199,991	158,068	157,864	160,078	162,327	163,040	164,556	164,641	168,425	167,799	167,207	172,459	176,807	177,670	179,442	0	0	0	187,176
Other Stockholder Equity	1,011,942	1,013,306	1,012,825	1,010,522	1,011,293	1,006,348	1,002,679	1,001,006	1,001,253	997,085	990,255	987,518	989,863	987,436	984,933	986,489	1,019,149	1,016,054	1,015,470	1,005,129	956,420	951,959	950,958	2,078,807	947,815	946,402	945,047	683,889	489,190	488,375	483,402	477,673	476,227	475,369	478,314	477,596	366,306	258,522	376,439	367,496	370,150	341,265	0	0	0	0
Preferred Stock Redeemable	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	59,712	60,101	61,917	65,110	64,161	66,802	0	0	0	0	80,152	81,909	0	77,183	77,957	79,962	81,768	83,523	85,404	96,466	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
Property Plant And Equipment Net	56,988	60,101	61,917	65,110	64,161	66,802	68,582	70,342	69,361	78,378	80,152	81,909	80,997	77,183	77,957	79,962	81,768	83,523	85,404	96,466	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
Property Plant Equipment	0	2,566,585	2,504,837	2,500,986	2,535,399	2,499,046	2,493,093	2,455,653	2,520,864	2,270,056	2,269,639	2,201,099	2,216,451	2,190,309	2,201,610	2,215,720	2,076,839	2,058,519	2,094,690	2,118,954	2,123,120	2,119,046	2,107,613	2,107,613	2,099,058	2,084,727	2,074,624	2,074,104	1,714,996	1,597,423	1,583,451	1,576,008	1,574,645	1,575,530	1,547,746	1,550,678	1,548,151	1,555,301	0	0	0	0	0	0	0	0
Retained Earnings	137,113	-65,295	-82,588	-74,034	-36,104	-30,982	-23,568	-16,399	-7,091	-31,968	-42,157	-37,145	-39,467	-4,593	1,012	-30,243	-52,546	-29,217	-56,580	-56,663	-52,857	-34,221	-33,307	-33,307	-61,975	-57,621	-18,322	-10,479	-419	-29,066	-26,203	-25,616	-39,638	-38,442	-33,852	-32,897	-29,245	-38,442	0	0	0	0	0	0	0	0
Retained Earnings Total Equity	0	0	-82,588	-74,034	-36,104	-30,982	-23,568	-16,399	-7,091	-31,968	0	-37,145	-39,467	-4,593	1,012	-30,243	-52,546	0	-56,580	-56,663	-52,857	-34,221	-33,307	-33,307	-61,975	-57,621	-18,322	-10,479	-419	-29,066	-26,203	-25,616	-39,638	-38,442	-33,852	-32,897	-29,245	0	0	0	0	0	0	0	0	0
Short Long Term Debt	153,000	0	0	0	0	0	0	0	0	0	0	0	0	250,000	250,000	250,000	0	0	0	0	0	0	1,551,788	0	1,552,543	1,564,542	1,408,066	1,412,397	1,256,955	1,197,513	0	0	0	1,233,983	0	0	0	1,278,182	0	0	0	0	0	0	0	0
Short Long Term Debt Total	1,958,412	1,700,555	1,742,308	1,748,019	1,751,479	1,758,370	1,764,119	1,748,867	1,754,772	1,646,774	1,652,120	1,661,301	1,665,497	1,916,269	1,911,252	1,945,187	1,626,108	1,628,914	1,631,994	1,641,385	1,550,242	1,550,995	1,551,788	0	1,552,543	1,564,542	1,408,066	1,412,397	1,256,955	1,197,513	1,201,466	1,205,278	1,230,349	1,233,983	1,246,155	1,250,031	1,253,889	1,288,535	1,292,075	1,185,296	1,188,825	1,200,762	0	0	0	0
Short Term Debt	391,523	25,446	32,541	346,225	59,789	59,581	61,265	62,931	64,578	70,071	2,999	2,996	2,993	250,000	250,000	250,000	0	0	0	0	0	0	1,551,788	0	1,552,543	1,564,542	1,408,066	1,412,397	1,256,955	1,197,513	0	0	0	1,233,983	0	0	0	1,278,182	0	0	0	0	0	0	0	0
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	16,269	13,057	0	10,817	10,562	8,363	14,422	11,812	8,532	7,653	8,995	8,081	9,042	9,832	10,792	12,935	9,967	9,687	9,491	11,922	11,049	0	0	0	8,962
Temporary Equity Redeemable Noncontrolling Interests	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	3,279,809	2,881,844	2,903,129	2,923,644	2,977,432	2,961,492	2,970,299	2,961,237	2,985,116	2,881,821	2,865,934	2,876,882	2,939,560	3,134,315	3,125,107	3,143,600	2,846,358	2,873,878	2,858,419	2,874,427	2,798,994	2,810,847	2,840,555	2,803,378	2,803,378	2,820,808	2,706,512	2,563,704	2,050,351	1,904,138	1,906,526	1,899,390	1,907,994	1,918,931	1,927,721	1,929,422	1,936,468	1,741,529	1,873,595	1,755,296	1,764,952	1,749,965	0	0	0	1,878,227
Total Current Assets	262,840	176,639	190,095	210,626	288,217	246,411	262,831	290,294	372,451	414,904	475,703	472,491	567,343	771,167	747,500	756,190	614,279	653,664	601,086	578,578	583,956	592,591	629,804	484,338	594,325	625,321	511,991	368,809	234,977	254,663	266,453	270,269	276,510	285,688	315,438	313,503	320,961	123,447	257,933	125,378	125,484	120,767	0	0	0	0
Total Current Liabilities	231,445	66,206	70,512	75,667	102,519	60,366	56,596	58,382	67,075	73,321	54,582	44,683	80,594	300,577	292,225	291,239	23,473	32,008	45,804	34,688	44,451	70,227	80,768	71,061	71,061	69,595	65,769	63,388	54,286	35,223	47,558	28,151	39,508	29,234	38,008	20,791	20,816	26,924	32,287	25,367	27,983	30,538	0	0	0	0
Total Liab	2,058,381	1,874,547	1,916,631	1,931,155	1,947,326	1,929,438	1,933,349	1,920,104	1,937,222	1,866,766	1,866,944	1,875,512	1,943,667	2,110,431	2,097,997	2,145,377	1,831,582	1,838,165	1,848,733	1,868,335	1,793,017	1,787,593	1,818,623	1,815,948	1,815,948	1,830,267	1,674,438	1,679,635	1,473,143	1,408,021	1,412,747	1,411,126	1,436,517	1,447,477	1,448,804	1,450,424	1,598,068	1,482,666	1,496,821	1,387,470	1,394,478	1,408,381	0	0	0	1,469,291
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,023,254	1,021,932	987,430	0	990,541	1,032,074	884,069	577,208	496,117	493,779	488,264	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	1,150,690	950,520	931,733	938,003	976,991	977,093	980,232	985,780	995,332	966,287	949,268	951,543	951,565	984,009	987,111	957,425	967,816	988,049	960,102	949,667	904,706	918,879	918,791	2,997,598	886,979	889,919	927,863	674,485	489,769	460,306	458,195	453,051	437,583	437,920	445,455	445,692	338,053	258,522	376,439	367,496	370,150	341,265	0	0	0	408,638
Treasury Stock	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	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	0	0	0	0	0	0	143,675	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31
Begin Period Cash Flow	128,774	219,836	419,253	485,136	457,522	500,841	140,186	178,025	2,600	5,223	4,345	2,252	2,218
Capital Expenditures	115,724	152,266	348,009	152,862	91,301	118,765	89,344	59,230	66,415	45,586	0	0	0
Cash And Cash Equivalents Changes	0	-91,062	-199,417	-65,883	27,614	-43,319	360,655	-37,839	166,383	0	0	0	0
Cash Flows Other Operating	0	-7,396	418	-42,358	-8,385	-2,808	-47,959	-19,292	13,792	0	0	0	0
Change In Cash	45,474	-91,062	-199,417	-65,883	27,614	-43,319	360,655	-37,839	166,383	-2,623	878	2,093	34
Change In Working Capital	22,386	-17,012	-10,067	-63,356	-6,915	-12,459	-3,415	-2,869	14,077	-11,252	62,963	-10,883	-13,102
Change Receivables	0	-1,712	-139	-21,998	6,734	-13,327	-13,749	-78	-4	0	0	0	0
Change To Account Receivables	2,811	-1,712	-139	-21,998	6,734	-13,327	-13,749	-78	-4	-5,914	47,063	0	0
Change To Inventory	0	1,712	139	21,998	-6,734	0	0	0	0	0	0	0	0
Change To Liabilities	0	-853	-3,544	8,522	1,092	3,676	18,876	883	17,692	-4,929	934	0	0
Change To Netincome	0	8,113	3,692	-16,221	-39,939	-36,431	51,907	6,874	12,120	3,373	0	0	0
Change To Operating Activities	0	-14,447	-6,384	-49,880	-14,741	-2,808	-8,542	-3,674	2,781	-409	0	0	0
Depreciation	108,979	94,127	94,135	97,751	93,785	100,063	82,511	57,178	58,299	55,313	55,925	54,978	52,991
Dividends Paid	75,192	75,099	123,998	26,647	106,163	100,244	95,381	81,240	79,167	79,167	0	0	0
End Period Cash Flow	174,248	128,774	219,836	419,253	485,136	457,522	500,841	140,186	168,983	2,600	5,223	4,345	2,252
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	53,621	139,618	135,273	112,822	65,099	18,275	68,554	137,249	138,078	105,688	240,527	108,364	97,730
Investments	-127,529	-151,913	-311,160	-98,460	-2,521	-64,803	-295,732	-59,230	0	0	0	0	0
Issuance Of Capital Stock	354	382	366	398	439	477	0	0	0	0	0	0	0
Net Borrowings	0	-2,498	99,008	-2,523	-8,236	-4,288	791,729	-38,458	-49,852	87,519	0	0	0
Net Income	248,297	47,339	107,815	97,750	116,197	116,963	72,938	96,630	41,348	65,794	109,335	69,850	87,460
Other Cashflows From Financing Activities	-3,363	94,284	1,094	89,447	-8,976	-11,501	376,244	-5,109	217,616	-21,326	155,068	-48,946	-19,004
Other Cashflows From Investing Activities	0	353	2,367	54,402	136,136	58,893	5,005	19,938	925	19,938	0	0	0
Other Non Cash Items	-10,417	4,678	-49,249	35,311	-3,858	-31,831	-1,273	-19,123	14,093	-8,045	12,304	-8,431	-29,619
Sale Purchase Of Stock	140,034	-1,041	117,200	-54,141	-5,978	-10,639	935,700	3,878	222,814	227,732	0	0	0
Stock Based Compensation	7,811	10,486	10,819	16,994	13,549	9,741	7,137	5,433	10,261	3,878	0	2,850	0
Total Cash From Financing Activities	-8,166	-78,767	-23,530	-80,245	-126,265	-115,556	498,489	-115,858	93,795	-63,807	-212,636	-73,385	-58,673
Total Cash From Operating Activities	169,345	139,618	135,273	112,822	156,400	137,040	157,898	137,249	138,078	105,688	240,527	108,364	97,730
Total Cashflows From Investing Activities	0	-151,913	-311,160	-98,460	-2,521	-64,803	-295,732	-59,230	-66,415	-45,586	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-05-02	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31
Begin Period Cash Flow	50,793	93,426	111,186	128,774	152,391	171,321	198,027	219,836	322,792	379,033	376,920	419,253	670,996	639,835	642,643	485,136	536,346	463,599	448,788	457,522	465,576	513,987	473,591	473,591	500,841	388,758	262,829	122,786	140,186	149,698	156,672	162,354	168,983	197,338	193,355	199,011	2,600	132,825	5,882	5,976	5,223	7,907	5,123	5,607	4,345	0
Capital Expenditures	30,964	86,831	33,657	23,153	41,054	26,892	61,302	23,018	247,015	81,633	19,361	7,810	6,538	7,096	4,632	6,538	20,296	20,374	23,935	26,696	28,062	34,424	27,007	27,973	29,272	33,403	19,732	194,894	47,703	31,500	20,123	12,702	14,843	38,647	9,386	14,680	3,702	45,586	0	0	0	0	0	0	0	0
Cash And Cash Equivalents Changes	0	0	-17,760	-17,588	-23,617	-18,930	-26,706	-21,809	-102,956	-56,241	2,113	-42,333	-251,743	31,161	-2,808	157,507	-51,210	72,747	14,811	-8,734	-8,054	-48,411	40,396	40,396	-27,250	112,083	125,929	140,043	-17,400	-18,554	-6,974	-5,682	-6,629	-28,355	3,983	-5,656	196,411	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	73	-5,328	-4,983	-1,478	-2,898	1,963	827	5,373	1,529	-7,311	-30,230	-1,818	-116	-10,194	-7,298	-3,566	1,573	906	1,992	-5,884	727	727	357	1,087	-9,380	1,554	-41,220	904	-6,003	-14,264	71	5,832	-7,477	288	15,149	0	0	0	0	0	0	0	0	0
Change In Cash	123,455	-15,502	-17,760	-17,588	-23,617	-18,930	-26,706	-21,809	-102,956	-56,241	2,113	-42,333	-251,743	31,161	-2,808	157,507	-51,210	72,747	14,811	-8,734	-8,054	-48,411	40,396	40,396	-27,250	112,083	125,929	140,043	-17,400	-9,512	-6,974	-5,682	-6,629	-28,355	3,983	-5,656	196,411	-130,225	126,943	-94	753	-2,684	2,784	-484	1,262	0
Change In Working Capital	16,892	11,204	491	-11,387	-1,478	-1,134	-2,564	-11,836	6,318	3,178	-3,016	-16,547	-19,618	677	-26,166	-18,249	-247	11,916	-7,351	-11,233	9,100	-18,443	6,239	-109,987	-9,355	1,743	-11,513	5,896	459	2,553	-2,936	-751	-1,735	5,682	3,496	89	4,810	-2,377	2,430	-5,898	-5,407	3,707	19,589	-19,688	59,355	0
Change Receivables	0	0	-111	1,723	-1,126	-2,032	2,953	-1,507	2,366	-2,354	725	-876	2,278	-4,352	-21,058	1,134	4,290	6,371	6,452	-10,379	-515	-5,729	-1,763	-1,763	-5,320	-4,144	-4,611	-2,246	-2,748	743	-2,246	684	741	-926	5,151	-2,845	-1,384	0	0	0	0	0	0	0	0	0
Change To Account Receivables	1,111	88	-111	-111	-1,126	-2,032	2,953	-1,507	2,366	-2,354	-239	-876	-21,998	-24	-21,058	1,134	4,290	6,371	6,452	-10,379	-515	-5,729	-1,763	5,320	-5,320	-13,749	9,605	4,994	2,748	-78	821	1,425	741	-4	922	4,229	1,384	-5,914	0	0	0	47,063	0	0	0	0
Change To Inventory	0	-88	111	-1,723	1,126	2,032	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	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	2,329	-6,007	6,400	4,155	-859	-10,549	4,212	2,305	-3,514	-6,547	10,201	8,685	-2,981	-7,383	4,588	9,192	-12,942	254	7,623	-6,830	7,275	7,275	-4,392	4,800	2,276	6,588	5,212	906	5,313	-2,789	-2,547	6,846	3,803	581	6,462	-4,929	1,669	0	0	934	0	0	0	0
Change To Netincome	0	0	1,810	34,876	2,311	2,115	1,601	2,086	4,500	-4,469	4,642	-8,075	13,032	15,228	-8,704	-35,777	8,821	-49,906	10,499	-9,353	10,017	-417	-46,829	-46,829	798	37,554	4,634	3,460	6,259	1,897	1,636	1,906	1,435	824	1,596	1,745	7,955	3,373	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	0	-6,752	-3,257	-4,658	220	-260	3,227	-227	-9,124	-32,097	-3,656	-2,127	-12,000	-9,125	-3,647	-861	-1,108	-439	-5,773	2,662	0	742	-8,542	-9,321	1,975	-2,005	-3,674	-6,003	1,354	0	2,781	0	0	0	-409	0	0	0	0	0	0	0	0
Depreciation	31,460	27,837	27,844	24,304	18,951	25,026	25,182	24,968	24,263	23,613	22,929	23,330	28,899	22,585	22,996	23,271	21,811	23,295	24,918	23,761	26,038	21,980	30,615	23,511	21,430	21,935	21,136	23,280	16,160	14,496	14,693	13,816	14,173	16,731	13,603	14,233	13,732	13,511	13,632	14,135	14,035	16,010	13,585	13,060	13,270	0
Dividends Paid	18,805	18,803	18,794	18,790	18,776	18,776	18,774	18,773	17,557	17,556	17,537	71,348	304,141	27	83,000	26,647	26,674	26,646	26,453	26,390	25,122	25,085	25,040	52,860	24,997	24,973	24,973	23,566	21,869	21,850	19,801	19,797	19,792	19,775	19,775	19,765	19,852	79,167	0	0	0	0	0	0	0	0
End Period Cash Flow	174,248	77,924	93,426	111,186	128,774	152,391	171,321	198,027	219,836	322,792	379,033	376,920	419,253	670,996	639,835	642,643	485,136	536,346	463,599	448,788	457,522	465,576	513,987	473,591	473,591	500,841	388,758	262,829	122,786	140,186	149,698	156,672	162,354	168,983	197,338	193,355	199,011	2,600	132,825	5,882	5,976	5,223	7,907	5,123	5,607	4,345
Exchange Rate Changes	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	30,343	34,403	39,027	29,422	40,946	10,804	36,455	24,521	42,136	39,552	34,760	18,825	44,531	32,852	21,181	14,258	20,511	18,382	23,475	2,731	20,856	-22,998	15,688	14,722	4,729	9,997	31,200	46,072	37,226	38,067	32,464	34,273	32,445	38,226	37,380	31,891	30,581	25,922	27,158	25,624	26,984	33,860	47,221	8,741	150,705	112,060
Investments	-31,227	-30,021	-33,657	-22,797	-41,054	-26,892	-60,949	-23,018	-244,648	-70,359	-11,551	15,398	-42,464	-7,096	-4,632	-44,268	-62,576	72,465	-3,916	-8,494	0	0	0	0	0	0	0	0	0	0	1,390	47	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	177	0	0	0	159	0	0	0	181	1	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	0	0	0	0	0	0
Net Borrowings	0	0	-4,395	-5,035	-4,343	-10,160	16,426	-4,421	113,332	-8,586	-3,011	-2,727	-252,908	5,405	-2,944	247,924	-1,686	-4,491	-915	-1,144	-1,135	-1,174	-1,135	-1,135	-844	666,140	-12,499	121,083	17,005	-4,450	-4,309	-25,568	-4,131	-3,983	-3,967	-3,950	-37,952	87,519	0	0	0	0	0	0	0	0
Net Income	221,060	37,540	10,563	-20,146	14,331	11,465	12,009	9,534	44,013	30,105	12,981	20,716	19,747	-5,830	32,545	51,288	3,538	56,700	28,067	27,892	7,251	26,899	59,774	59,774	23,039	-15,873	19,156	14,920	54,735	20,266	20,505	36,071	19,788	16,167	20,045	17,153	-12,017	16,294	13,103	17,801	18,596	-2,743	16,197	16,557	79,324	72,129
Other Cashflows From Financing Activities	-808	80,001	338,502	-395	-557	-6,645	101,827	-118	3,600	707	-548	-2,481	4,270	6,994	162,825	-1,642	-1,273	-3,941	-1,594	-2,168	-2,815	-2,735	-2,802	-22	-3,149	169,059	-10,550	316,848	-5,597	-1,360	-1,242	-1,237	-1,270	-6,966	-1,230	-1,294	227,052	-131,738	140,729	-21,551	-8,766	26,252	-15,045	2,117	141,744	0
Other Cashflows From Investing Activities	0	356	356	356	353	353	353	0	2,367	11,274	23,208	23,208	54,402	54,402	54,402	54,402	5,119	92,796	20,019	18,202	4,400	3,590	54,303	54,303	1,000	53,342	215	4,790	12,251	-1,390	1,343	19,023	962	790	961	2,142	-2,968	19,938	0	0	0	0	0	0	0	0
Other Non Cash Items	-252,433	-963	-2,562	34,644	6,333	-241	-1,383	-742	-35,155	-20,857	-860	365	3,379	12,816	19,527	-411	7,785	-1,317	-8,664	-1,662	-3,842	-19,156	-6,988	0	-1,845	-2,127	-2,011	-1,108	-40,243	-821	-1,306	-1,163	-1,429	-1,854	-1,070	-801	-1,111	-5,384	-2,007	-414	-240	16,886	-2,150	-1,188	-1,244	0
Sale Purchase Of Stock	169,808	195	41	-251	-390	-15	160	-28	117,200	708	184	-2,273	54,141	-54	-15,485	-38,656	-1,081	-5,978	-1,274	-1,541	-2,653	-2,744	-2,432	-2,432	-2,810	29	151,933	191,375	-29	2,569	3,457	-911	-1,237	54	-1,230	-1,294	-1,158	227,732	0	0	0	0	0	0	0	0
Stock Based Compensation	1,788	1,814	2,202	2,007	2,809	2,580	2,500	2,597	2,601	2,809	2,726	2,683	2,531	2,604	8,611	3,248	3,280	3,310	3,295	3,664	3,247	2,252	2,222	0	2,020	1,889	1,889	1,875	1,484	1,353	1,359	1,424	1,297	1,113	879	828	7,441	3,878	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	65,468	-19,884	-23,130	-24,213	-23,509	-29,734	-2,212	-23,312	99,556	-25,434	-21,096	-76,556	-247,272	5,405	-19,357	180,979	-29,441	-38,474	-28,683	-29,667	-28,910	-29,003	-28,629	-29,014	-29,014	102,086	114,461	288,865	-6,923	-23,731	-20,658	-46,276	-25,193	-28,724	-24,972	-25,009	172,500	-135,338	117,424	-25,173	-20,720	-30,217	-35,913	-2,002	-144,504	0
Total Cash From Operating Activities	61,307	34,403	39,027	29,422	40,946	37,696	36,455	24,521	42,136	39,552	34,760	18,825	37,993	32,852	21,181	20,796	40,807	38,756	47,410	29,427	48,918	11,426	42,695	42,695	34,001	43,400	31,200	46,072	37,226	38,067	32,464	34,273	32,445	38,226	37,380	31,891	30,581	25,922	27,158	25,624	26,984	33,860	47,221	8,741	150,705	112,060
Total Cashflows From Investing Activities	0	-86,475	-33,657	-22,797	-41,054	-26,892	-60,949	-23,018	-244,648	-70,359	3,847	15,398	-42,464	-7,096	-4,632	-44,268	-62,576	72,465	-3,916	-8,494	-28,062	-30,834	26,330	26,330	-32,237	-33,403	-19,732	-194,894	-47,703	-32,890	-18,780	6,321	-13,881	-37,857	-8,425	-12,538	-6,670	-45,586	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31
Cost Of Revenue	255,065	136,198	132,375	116,175	124,241	137,877	110,631	96,709	99,906	101,823	86,055	89,317	85,964
Depreciation And Amortization	108,979	98,432	92,331	96,029	94,116	99,422	82,281	56,145	57,253	55,313	55,925	54,978	52,991
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	124,787	108,868	148,712	58,141	126,380	134,627	171,394	133,697	98,226	120,815	184,342	128,968	142,028
Ebitda	233,766	207,300	241,043	154,170	220,496	234,049	253,675	189,842	155,479	176,128	240,267	183,946	195,019
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	161,857	261,740	292,707	213,920	263,408	276,283	296,411	229,267	223,039	213,853	276,940	214,916	213,892
Income Before Tax	277,676	50,242	108,954	58,754	117,484	120,482	72,660	97,434	42,642	67,515	111,435	71,214	88,900
Income Tax Expense	17,800	2,903	1,139	-38,996	1,287	3,519	-278	804	1,294	1,721	2,100	1,364	1,440
Interest Expense	74,945	58,979	57,938	71,015	66,639	64,868	56,218	51,881	55,584	53,300	53,907	51,754	53,128
Interest Income	3,037	1,107	360	2,599	9,774	8,336	2,248	679	55,434	0	0	0	0
Minority Interest	-11,379	-1,169	5,129	4,161	6,674	11,813	5,868	5,815	2,563	22	21	13	0
Net Income	248,497	46,170	102,686	93,589	109,523	105,150	67,070	90,815	38,785	65,772	109,314	69,837	87,463
Net Income Applicable To Common Shares	0	46,170	102,686	93,589	109,523	105,150	67,070	90,815	38,762	65,772	112,504	72,129	0
Net Income From Continuing Ops	259,876	47,339	107,815	97,750	116,197	116,963	72,938	96,630	41,348	65,794	0	0	0
Net Interest Income	-71,908	-57,872	-57,578	-68,416	-56,865	-56,532	-53,970	-51,202	0	0	0	0	0
Non Operating Income Net Other	0	1,460	19,008	77,282	78,406	63,485	-33,088	679	150	0	0	0	0
Non Recurring	0	0	0	0	0	4,138	3,445	1,214	1,526	1,032	0	0	0
Operating Income	124,787	108,868	148,712	58,141	126,380	126,291	169,146	133,018	98,076	122,440	186,213	130,966	144,038
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	292,135	290,177	276,730	274,553	271,043	287,869	237,896	192,958	224,869	193,236	176,782	173,267	155,818
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	101,166	94,127	94,135	97,751	93,785	100,063	82,511	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	49,704	55,547	52,024	62,349	52,686	46,432	41,261	37,485	42,173	28,124	36,018	30,754	36,963
Tax Provision	17,800	2,903	1,139	-38,996	1,287	3,519	-278	804	1,294	0	0	0	0
Total Operating Expenses	37,070	153,979	144,355	158,378	146,802	149,992	127,265	96,249	124,963	91,413	90,727	83,950	69,854
Total Other Income Expense Net	152,889	-58,626	-39,758	613	-8,896	50,723	-42,516	15,618	-24,011	-8,604	-19,000	-6,000	-55,138
Total Revenue	416,922	397,938	425,082	330,095	387,649	414,160	407,042	325,976	322,945	315,676	362,995	304,233	299,856

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-05-02	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31
Cost Of Revenue	70,344	32,800	31,829	33,103	32,063	33,903	33,052	37,180	32,675	31,554	31,254	36,892	31,530	28,352	26,790	29,503	33,501	28,565	29,637	32,538	30,733	38,623	36,079	0	32,442	30,798	27,274	25,799	26,760	25,412	22,626	22,563	26,108	24,336	22,721	23,502	29,347	30,568	22,894	24,077	27,705	22,390	21,177	20,416	22,072	153,997
Depreciation And Amortization	31,460	26,922	27,844	24,304	24,871	25,026	25,182	24,968	23,797	23,613	22,929	23,330	26,371	22,585	22,996	23,271	28,223	23,295	24,918	23,761	25,878	21,980	30,615	0	21,430	21,776	21,136	23,280	16,160	14,237	14,693	13,558	14,173	15,685	13,603	14,233	13,732	13,511	13,632	14,135	14,035	16,010	13,585	13,060	13,270	0
Discontinued Operations	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	37,071	35,597	28,175	29,376	30,440	26,455	25,820	23,698	58,088	38,148	26,930	23,299	14,040	12,365	2,147	28,282	23,601	31,319	38,375	30,915	32,512	40,923	24,503	75,625	34,530	33,553	35,355	28,988	71,744	33,587	32,867	32,967	32,894	29,625	33,391	30,858	3,693	28,971	28,038	31,091	32,522	8,536	31,516	32,617	92,673	0
Ebitda	68,531	62,519	56,019	53,680	55,311	51,481	51,002	48,666	81,885	61,761	49,859	46,629	40,411	34,950	25,143	51,553	51,824	54,614	63,293	54,676	58,390	62,903	55,118	0	55,960	55,329	56,491	52,268	87,904	47,824	47,560	46,525	47,067	45,310	46,994	45,091	17,425	42,482	41,670	45,226	46,557	24,546	45,101	45,677	105,943	0
Effect Of Accounting Charges	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	46,238	69,034	67,236	66,338	69,530	64,387	64,802	63,021	95,901	75,285	62,752	58,769	55,748	47,486	46,829	63,857	62,426	62,678	73,110	65,194	70,190	73,591	65,891	101,970	66,611	66,578	66,827	63,702	99,304	58,066	57,347	56,894	56,960	56,286	57,104	55,213	54,436	48,958	53,522	52,743	55,939	54,216	52,956	55,190	114,578	155,469
Income Before Tax	231,909	54,603	10,604	-19,440	14,972	12,111	12,720	10,439	44,247	30,809	12,947	20,951	-6,146	-5,371	18,883	51,388	3,576	56,753	29,061	28,094	10,029	27,014	59,966	59,966	23,473	-17,093	19,474	15,224	55,055	20,721	20,824	35,765	20,124	16,062	20,439	17,617	-11,476	16,440	14,171	18,343	19,327	-3,102	16,902	17,981	79,654	73,506
Income Tax Expense	-10	-17,063	41	706	641	646	711	905	234	704	-34	235	-25,893	459	-13,662	100	38	53	994	202	2,778	115	192	192	434	-1,220	318	304	320	455	319	-306	336	-105	394	464	541	146	525	319	731	-359	705	1,424	330	1,364
Interest Expense	22,515	19,006	17,082	14,337	15,468	14,344	13,453	13,259	13,745	13,893	13,983	14,070	17,131	17,433	17,869	16,469	16,770	16,131	15,752	15,816	16,809	16,036	14,942	15,659	14,922	14,839	13,913	13,040	12,251	12,866	12,043	12,820	12,770	13,563	12,952	13,241	15,169	12,531	13,867	12,748	13,195	11,638	14,614	14,636	13,019	53,772
Interest Income	1,397	565	564	14,782	394	14,972	214	205	57	77	14,638	136	212	17,854	422	1,683	2,104	2,706	2,458	14,030	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
Minority Interest	-10,684	-1,422	301	-1,028	-656	82	383	48	1,560	2,339	49,722	796	788	-225	1,290	2,308	163	2,660	1,496	2,355	738	2,699	6,037	6,037	2,339	-1,596	1,978	1,337	4,149	1,222	1,240	2,203	1,150	941	1,185	991	-554	6	5	6	5	1	10	4	6	13
Net Income	221,235	71,666	10,262	-20,146	13,675	11,383	11,626	9,486	42,453	27,766	12,547	19,920	18,959	-5,605	31,255	48,980	3,375	54,040	26,571	25,537	6,513	24,200	53,737	53,737	20,700	-14,277	17,178	13,583	50,586	19,044	19,265	33,868	18,638	15,226	18,860	16,162	-11,463	16,288	13,641	18,018	18,591	-2,744	16,187	16,553	79,318	72,129
Net Income Applicable To Common Shares	0	36,088	10,262	-19,118	13,675	11,383	11,626	9,486	42,482	27,766	12,541	19,920	18,959	-5,605	31,255	48,980	3,375	54,040	26,571	25,537	6,513	24,200	53,737	53,737	20,700	-14,277	17,178	13,583	50,586	19,044	19,265	33,868	18,638	15,226	18,860	16,162	-11,463	16,202	13,641	18,018	17,911	446	16,187	16,553	79,318	72,129
Net Income From Continuing Ops	231,919	37,540	10,563	-20,146	14,331	11,465	12,009	9,534	44,013	30,105	12,981	20,716	19,747	-5,830	32,545	51,288	3,538	56,700	28,067	27,892	7,251	26,899	59,774	59,774	23,039	-15,873	19,156	14,920	54,735	20,266	20,505	36,071	19,788	16,167	20,045	17,153	-12,017	65,794	0	0	0	0	0	0	0	0
Net Interest Income	-21,118	-18,441	-17,567	-14,782	-15,074	-14,972	-14,027	-13,799	-13,688	-14,561	-14,638	-14,691	-16,919	-17,854	-18,151	-15,492	-14,666	-14,155	-14,014	-14,030	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
Non Operating Income Net Other	0	0	75	867	394	294	567	205	57	7,003	90	11,858	212	282	35,330	41,458	2,517	42,422	14,008	19,459	2,393	4,573	52,471	52,471	4,048	-32,996	719	336	-1,147	159	176	177	167	49	39	51	11	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,550	79	1,273	1,273	1,236	-3,866	2,745	1,209	3,357	220	149	494	351	387	427	389	323	1,032	0	0	0	0	0	0	0	0
Operating Income	37,071	60,096	57,329	29,376	30,440	26,455	25,820	23,698	55,687	38,816	27,585	23,920	13,828	12,483	2,126	12,319	21,497	15,918	36,637	29,129	30,119	39,255	23,189	23,154	33,728	32,487	35,360	28,818	72,481	33,428	33,414	32,790	33,386	29,576	34,011	30,807	3,682	30,621	28,465	31,473	31,975	29,410	32,840	32,242	91,721	127,278
Other Items	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	79,511	41,738	70,405	70,400	71,547	71,207	71,460	75,963	70,545	68,023	66,421	71,741	73,450	63,355	71,493	66,255	74,430	61,900	66,110	68,603	70,804	72,959	78,781	50,968	65,325	64,889	58,741	60,683	53,583	50,050	46,559	46,667	49,682	51,046	45,814	47,908	80,101	48,905	47,951	45,347	51,669	47,196	41,293	43,364	44,929	0
Preferred Stock And Other Adjustments	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	21,181	27,837	27,844	24,304	18,951	25,026	25,182	24,968	24,263	23,613	22,929	23,330	28,899	22,585	22,996	23,271	21,811	23,295	24,918	23,761	26,038	21,980	30,615	0	21,430	21,935	21,136	23,280	16,160	14,496	14,693	13,816	14,173	16,731	13,603	14,233	13,732	13,511	13,632	14,135	14,035	16,010	13,585	13,060	13,270	0
Research Development	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	12,331	8,938	13,063	12,213	14,613	12,961	13,717	14,256	14,073	13,298	12,679	11,974	15,549	12,115	21,404	13,281	12,706	11,839	13,906	14,235	12,643	12,424	10,988	26,575	10,377	10,544	9,821	10,145	10,751	9,083	9,126	10,018	9,258	9,064	8,912	9,357	14,840	1,071	7,199	7,214	9,950	9,108	6,973	10,259	9,678	28,191
Tax Provision	-10	17,063	41	706	641	646	711	905	234	704	-34	235	-25,893	459	-13,662	100	38	53	994	202	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	9,167	8,938	38,576	37,297	39,484	37,304	38,408	38,783	37,870	36,469	35,167	34,849	41,920	35,003	44,703	36,752	40,929	33,335	36,473	36,065	40,071	34,336	42,702	78,816	32,883	34,091	31,467	34,884	26,823	24,638	23,933	24,104	23,574	26,710	23,093	24,406	50,754	18,337	25,057	21,270	23,964	24,806	20,116	22,948	22,857	0
Total Other Income Expense Net	194,838	-5,493	-489	-48,816	-15,468	-14,344	-13,100	-13,259	-96	6,554	-14,638	11,722	-3,055	-17,854	34,908	39,775	-3,255	41,565	6,438	12,995	-5,674	2,127	50,405	0	3,865	-35,807	-1,968	-303	-4,438	-1,098	-223	15,618	-50	-1,574	-151	-427	-21,859	-3,921	-4,683	-13,130	538	-32,512	-15,938	424	901	0
Total Revenue	116,582	101,834	99,065	99,441	101,593	98,290	97,854	100,201	128,576	106,839	94,006	95,661	87,278	75,838	73,619	93,360	95,927	91,243	102,747	97,732	100,923	112,214	101,970	99,053	99,053	97,376	94,101	89,501	126,064	83,478	79,973	79,457	83,068	80,622	79,825	78,715	83,783	79,526	76,416	76,820	83,644	76,606	74,133	75,606	136,650	309,466

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	416,922
Cost of Revenue	-255,065
Gross Profit	161,857	161,857

Operating Income (+$)
Gross Profit	161,857
Operating Expense	-37,070
Operating Income	124,787	124,787

Operating Expense (+$)
Research Development	0
Selling General Administrative	49,704
Selling And Marketing Expenses	0
Operating Expense	37,070	49,704

Net Interest Income (+$)
Interest Income	3,037
Interest Expense	-74,945
Other Finance Cost	-0
Net Interest Income	-71,908

Pretax Income (+$)
Operating Income	124,787
Net Interest Income	-71,908
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	277,676	-28,102 EBIT - interestExpense = 49,842 266,297 323,442
Interest Expense	74,945
Earnings Before Interest and Taxes (EBIT)	124,787	352,621
Earnings Before Interest and Taxes (EBITDA)	233,766

After tax Income (+$)
Income Before Tax	277,676
Tax Provision	-17,800
Net Income From Continuing Ops	259,876	259,876
Net Income	248,497
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	292,135
Total Other Income/Expenses Net	152,889	71,908

Technical Analysis of Urban Edge Properties
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Urban Edge Properties. The general trend of Urban Edge Properties is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Urban Edge Properties's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (28.6%)		Bearish trend (-28.6%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Urban Edge Properties.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 17.30 < 17.60 < 17.74.

The bearish price targets are: 15.81 > 15.56 > 15.36.

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Urban Edge Properties Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Urban Edge Properties. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

MA 20 trending up: The MA 20 is trending up. +1
Close > MA 20: The price is above the MA 20. +1
MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending down: The MA 50 is trending down. -1
Close > MA 50: The price is above the MA 50. +1
MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending up: The MA 200 is trending up. +1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Urban Edge Properties Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Urban Edge Properties. The current macd is -0.10714248.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Urban Edge Properties price going up in the near term. +2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Urban Edge Properties. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Urban Edge Properties price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Urban Edge Properties Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Urban Edge Properties. The current adx is 14.31.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Urban Edge Properties shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Urban Edge Properties Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Urban Edge Properties. The current sar is 15.81.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Urban Edge Properties Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Urban Edge Properties. The current rsi is 55.41. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Urban Edge Properties Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Urban Edge Properties. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH > 80: The STOCH %K is above 80 and overbought. +2
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Urban Edge Properties price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Urban Edge Properties Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Urban Edge Properties. The current cci is 55.29.

Urban Edge Properties Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Urban Edge Properties. The current cmo is 22.47.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Urban Edge Properties Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Urban Edge Properties. The current willr is -7.72727273.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1

Urban Edge Properties Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Urban Edge Properties.

Urban Edge Properties Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Urban Edge Properties. The current atr is 0.34325383.

Urban Edge Properties Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Urban Edge Properties. The current obv is 3,331,650.

Urban Edge Properties Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Urban Edge Properties. The current mfi is 75.07.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

MFI > 50: +1

Urban Edge Properties Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Urban Edge Properties.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-12	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2023-12-13	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-18	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-27	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-29	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-03	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-04	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-05	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-11	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-16	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-25	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-26	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-29	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-31	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-08	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-12	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-13	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-20	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-23	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-04	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-07	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-03-08	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-11	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-12	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-14	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-20	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-21	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-25	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-26	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-27	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-28	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-04	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-04-08	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-09	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-10	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-16	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-22	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-23	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside

6.3. Candlestick Patterns

Urban Edge Properties Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Urban Edge Properties based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	55.408
Ma 20	Greater than	Ma 50	16.511
Ma 50	Greater than	Ma 100	16.740
Ma 100	Greater than	Ma 200	17.143
Open	Greater than	Close	16.550
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Quick analysis of Urban Edge Properties (30 sec.)

What can you expect buying and holding a share of Urban Edge Properties? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Urban Edge Properties (5 min.)

$16.82

$10.28

$1.20 - $9.65

$11.48 - $19.93

2. Growth of Urban Edge Properties (5 min.)

Is Urban Edge Properties growing?

How much money is Urban Edge Properties making?

How much money comes from the company's main activities?

3. Financial Health of Urban Edge Properties (5 min.)

What can you expect buying and holding a share of Urban Edge Properties? (5 min.)

What can you expect buying and holding a share of Urban Edge Properties?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Urban Edge Properties

About Urban Edge Properties

Financial Health

Valuation

1.1. Profitability of Urban Edge Properties.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of Urban Edge Properties.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Urban Edge Properties.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of Urban Edge Properties.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of Urban Edge Properties

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Urban Edge Properties
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