Is Urban Edge Properties overvalued or undervalued?

As of 13 May 2025, Urban Edge Properties has moved from an expensive to a fair valuation grade. The company is currently fairly valued, with a P/E ratio of 44, a Price to Book Value of 1.95, and an EV to EBITDA of 9.43. In comparison to peers, CareTrust REIT, Inc. has a more attractive P/E ratio of 29.30, while National Health Investors, Inc. is also fairly valued with a P/E of 22.15.
Despite the recent stock performance showing a 3.27% return over the past week compared to a slight decline in the S&P 500, the year-to-date return of -11.81% indicates some challenges. Overall, Urban Edge Properties appears to be fairly valued relative to its peers, suggesting a stable position in the market.