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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) and Urban Edge Properties (UE). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $132.6M, roughly 1.1× Urban Edge Properties). Urban Edge Properties runs the higher net margin — 17.1% vs -68.1%, a 85.2% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 12.2%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 11.6%).
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
FIP vs UE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $132.6M |
| Net Profit | $-97.7M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | -45.7% | — |
| Net Margin | -68.1% | 17.1% |
| Revenue YoY | 77.7% | 12.2% |
| Net Profit YoY | 21.6% | -6.7% |
| EPS (diluted) | $-1.04 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $132.6M | ||
| Q4 25 | $143.5M | $119.6M | ||
| Q3 25 | $140.6M | $120.1M | ||
| Q2 25 | $122.3M | $114.1M | ||
| Q1 25 | $96.2M | $118.2M | ||
| Q4 24 | $80.8M | $116.4M | ||
| Q3 24 | $83.3M | $112.4M | ||
| Q2 24 | $84.9M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-97.7M | $12.4M | ||
| Q3 25 | $-104.5M | $14.9M | ||
| Q2 25 | $-70.0M | $58.0M | ||
| Q1 25 | $120.2M | $8.2M | ||
| Q4 24 | $-124.7M | $30.1M | ||
| Q3 24 | $-43.0M | $9.1M | ||
| Q2 24 | $-48.1M | $30.8M |
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | 11.3% | ||
| Q3 25 | -70.8% | 13.4% | ||
| Q2 25 | -56.4% | 53.9% | ||
| Q1 25 | 81.8% | 7.6% | ||
| Q4 24 | -152.7% | 27.6% | ||
| Q3 24 | -51.7% | 8.9% | ||
| Q2 24 | -56.4% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | -68.1% | 10.4% | ||
| Q3 25 | -74.4% | 12.4% | ||
| Q2 25 | -57.2% | 50.8% | ||
| Q1 25 | 125.0% | 6.9% | ||
| Q4 24 | -154.4% | 25.9% | ||
| Q3 24 | -51.6% | 8.1% | ||
| Q2 24 | -56.7% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-1.04 | $0.09 | ||
| Q3 25 | $-1.38 | $0.12 | ||
| Q2 25 | $-0.73 | $0.46 | ||
| Q1 25 | $0.89 | $0.07 | ||
| Q4 24 | $-1.21 | $0.25 | ||
| Q3 24 | $-0.45 | $0.07 | ||
| Q2 24 | $-0.52 | $0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $57.4M | $50.0M |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $21.3M | $1.4B |
| Total Assets | $5.7B | $3.4B |
| Debt / EquityLower = less leverage | 176.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $57.4M | $48.9M | ||
| Q3 25 | $34.7M | $77.8M | ||
| Q2 25 | $33.6M | $53.0M | ||
| Q1 25 | $26.3M | $48.0M | ||
| Q4 24 | $27.8M | $41.4M | ||
| Q3 24 | $20.3M | $67.9M | ||
| Q2 24 | $33.1M | $78.6M |
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $21.3M | $1.4B | ||
| Q3 25 | $181.1M | $1.4B | ||
| Q2 25 | $375.5M | $1.4B | ||
| Q1 25 | $476.2M | $1.4B | ||
| Q4 24 | $202.7M | $1.4B | ||
| Q3 24 | $370.8M | $1.3B | ||
| Q2 24 | $394.8M | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $5.7B | $3.3B | ||
| Q3 25 | $5.5B | $3.3B | ||
| Q2 25 | $4.4B | $3.3B | ||
| Q1 25 | $4.1B | $3.3B | ||
| Q4 24 | $2.4B | $3.3B | ||
| Q3 24 | $2.4B | $3.2B | ||
| Q2 24 | $2.5B | $3.2B |
| Q1 26 | — | — | ||
| Q4 25 | 176.99× | — | ||
| Q3 25 | 20.59× | — | ||
| Q2 25 | 8.21× | — | ||
| Q1 25 | 5.79× | — | ||
| Q4 24 | 7.84× | — | ||
| Q3 24 | 4.14× | — | ||
| Q2 24 | 3.94× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.8M | $39.1M |
| Free Cash FlowOCF − Capex | $-68.6M | — |
| FCF MarginFCF / Revenue | -47.8% | — |
| Capex IntensityCapex / Revenue | 45.9% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $-398.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $-2.8M | $182.7M | ||
| Q3 25 | $-24.4M | $55.7M | ||
| Q2 25 | $-5.2M | $43.5M | ||
| Q1 25 | $-85.7M | $32.6M | ||
| Q4 24 | $-8.1M | $153.2M | ||
| Q3 24 | $14.2M | $36.6M | ||
| Q2 24 | $-17.6M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $81.8M | ||
| Q3 25 | $-90.7M | $26.1M | ||
| Q2 25 | $-87.5M | $19.6M | ||
| Q1 25 | $-151.7M | $11.9M | ||
| Q4 24 | $-34.3M | $42.5M | ||
| Q3 24 | $-11.7M | $12.2M | ||
| Q2 24 | $-32.1M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | 68.4% | ||
| Q3 25 | -64.5% | 21.7% | ||
| Q2 25 | -71.6% | 17.2% | ||
| Q1 25 | -157.7% | 10.0% | ||
| Q4 24 | -42.4% | 36.6% | ||
| Q3 24 | -14.0% | 10.8% | ||
| Q2 24 | -37.9% | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 45.9% | 84.4% | ||
| Q3 25 | 47.2% | 24.6% | ||
| Q2 25 | 67.3% | 20.9% | ||
| Q1 25 | 68.6% | 17.5% | ||
| Q4 24 | 32.5% | 95.1% | ||
| Q3 24 | 31.1% | 21.7% | ||
| Q2 24 | 17.2% | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | -0.71× | 3.97× | ||
| Q4 24 | — | 5.09× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | — | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
