vs
Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Urban Edge Properties is the larger business by last-quarter revenue ($132.6M vs $114.8M, roughly 1.2× HA Sustainable Infrastructure Capital, Inc.). Urban Edge Properties runs the higher net margin — 17.1% vs -46.8%, a 63.9% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs 12.2%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% CAGR vs 4.2%).
HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized investment firm focused on sustainable infrastructure assets covering renewable energy, energy efficiency, sustainable real estate and low-carbon utility segments. It primarily operates in North American markets, providing long-term capital to eligible sustainable projects and delivering stable risk-adjusted returns to investors through recurring cash flows from operational underlying assets.
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.
HASI vs UE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $132.6M |
| Net Profit | $-53.8M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | -57.4% | — |
| Net Margin | -46.8% | 17.1% |
| Revenue YoY | 13.3% | 12.2% |
| Net Profit YoY | -176.7% | -6.7% |
| EPS (diluted) | $-0.38 | $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 | $114.8M | $119.6M | ||
| Q3 25 | $103.1M | $120.1M | ||
| Q2 25 | $85.7M | $114.1M | ||
| Q1 25 | $96.9M | $118.2M | ||
| Q4 24 | $101.3M | $116.4M | ||
| Q3 24 | $82.0M | $112.4M | ||
| Q2 24 | $94.5M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-53.8M | $12.4M | ||
| Q3 25 | $83.3M | $14.9M | ||
| Q2 25 | $98.4M | $58.0M | ||
| Q1 25 | $56.6M | $8.2M | ||
| Q4 24 | $70.1M | $30.1M | ||
| Q3 24 | $-19.6M | $9.1M | ||
| Q2 24 | $26.5M | $30.8M |
| Q1 26 | — | — | ||
| Q4 25 | -57.4% | 11.3% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | 84.7% | 7.6% | ||
| Q4 24 | 90.9% | 27.6% | ||
| Q3 24 | -32.1% | 8.9% | ||
| Q2 24 | 39.5% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | -46.8% | 10.4% | ||
| Q3 25 | 80.8% | 12.4% | ||
| Q2 25 | 114.9% | 50.8% | ||
| Q1 25 | 58.4% | 6.9% | ||
| Q4 24 | 69.2% | 25.9% | ||
| Q3 24 | -23.9% | 8.1% | ||
| Q2 24 | 28.1% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.38 | $0.09 | ||
| Q3 25 | $0.61 | $0.12 | ||
| Q2 25 | $0.74 | $0.46 | ||
| Q1 25 | $0.44 | $0.07 | ||
| Q4 24 | $0.58 | $0.25 | ||
| Q3 24 | $-0.17 | $0.07 | ||
| Q2 24 | $0.23 | $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 | $110.2M | $50.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $1.4B |
| Total Assets | $8.2B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $110.2M | $48.9M | ||
| Q3 25 | $301.8M | $77.8M | ||
| Q2 25 | $86.5M | $53.0M | ||
| Q1 25 | $67.4M | $48.0M | ||
| Q4 24 | $129.8M | $41.4M | ||
| Q3 24 | $44.1M | $67.9M | ||
| Q2 24 | $145.7M | $78.6M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.4B | $1.4B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.3B | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $8.2B | $3.3B | ||
| Q3 25 | $8.2B | $3.3B | ||
| Q2 25 | $7.6B | $3.3B | ||
| Q1 25 | $7.5B | $3.3B | ||
| Q4 24 | $7.1B | $3.3B | ||
| Q3 24 | $6.7B | $3.2B | ||
| Q2 24 | $6.7B | $3.2B |
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 | $167.3M | $39.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $167.3M | $182.7M | ||
| Q3 25 | $-121.8M | $55.7M | ||
| Q2 25 | $79.6M | $43.5M | ||
| Q1 25 | $-37.1M | $32.6M | ||
| Q4 24 | $5.9M | $153.2M | ||
| Q3 24 | $21.9M | $36.6M | ||
| Q2 24 | $-24.8M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $81.8M | ||
| Q3 25 | — | $26.1M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | — | $42.5M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | — | 84.4% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 20.9% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | — | 95.1% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | -1.46× | 3.73× | ||
| Q2 25 | 0.81× | 0.75× | ||
| Q1 25 | -0.66× | 3.97× | ||
| Q4 24 | 0.08× | 5.09× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | -0.94× | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HASI
Segment breakdown not available.
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
