Is Urban Edge Properties overvalued or undervalued?

As of 7 July 2025, the valuation grade for Urban Edge Properties has moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 44, while the EV to EBITDA ratio is 9.43, and the Price to Book Value is 1.95. In comparison to peers, CareTrust REIT, Inc. has a P/E of 35.16 and an EV to EBITDA of 23.85, indicating a more attractive valuation, while National Health Investors, Inc. shows a P/E of 24.77 and an EV to EBITDA of 13.56, also suggesting a favorable position.
In terms of recent performance, Urban Edge Properties has underperformed against the S&P 500 with a YTD return of -3.44% compared to the index's 12.22%. However, over the last five years, it has delivered a return of 102.14%, slightly outperforming the S&P 500's 96.61%, which may reflect its potential for recovery and growth.