realestate

Hidden Gems: Undervalued Properties in America's Most Densely Populated Cities

Urban Edge, a shopping center REIT spun off from Vornado in 2015, remains a buy.

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rban Edge remains a 'buy' due to its high-quality grocery-anchored assets in densely populated Northeastern markets with limited supply. The company's strong Q2 results, robust leasing spreads, and rising occupancy demonstrate operational strength and upside potential. A healthy pipeline of redevelopment projects and disciplined capital recycling support continued bottom-line growth and dividend increases.

    Despite recent gains, Urban Edge trades below its historical valuation, offering market-beating total return potential with a secure 3.7% yield. The company's valuable assets in well-located markets make it an attractive investment opportunity for those willing to go against the grain. With a focus on sustainable income and diversification, Urban Edge is a compelling choice for investors seeking premium dividend yields.

Undervalued properties in densely populated US cities, including New York and Los Angeles.