Urstadt Biddle Properties, Inc. | REIT Profile

Symbol: UBA
CIK: 1029800
Exchange: NYSE
Preferred Stock: UBP-H, UBP-K
Founded: 1969 (53 years)
HQ: Greenwich, CT, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail, Diversified, Health Care, Specialty
Internally Managed REIT

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See UBA on SEC.gov

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About Urstadt Biddle Properties, Inc.

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust founded in 1969. We provide investors with a means of participating in the ownership of income-producing properties with ready liquidity. We're a proven leader in the ownership, operation and redevelopment of high quality retail shopping centers predominantly located in the suburban, high demographic, high barrier to entry communities surrounding New York City. We take a disciplined, conservative approach to every aspect of commercial retail real estate.


Urstadt Biddle Properties, Inc. Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$15.35 $15.90 $15.33 $15.81 $15.80 $15.80 193,343 -$0.45 -2.85% $623,567,870 23.39 $21.06 $15.21 -25.79%

Last update: 2022-09-27 12:57:34 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 7.8

Hightlights of Trading Day September 27, 2022


Open Price: $15.81
Closing Price: $15.4
Price Change: -0.4 (-2.532%)
Lowest Price: $15.32
Highest Price: $15.9
52-Week Low: $15.21
52-Week High: $21.06
52-Week Change: -15.04%
5 Day Price Change: -3.66%
1 Month Price Change: -9.14%
3 Month Price Change: -3.54%
6 Month Price Change: -14.97%
YTD Price Change: -22.94%
1 Year Price Change: -14.21%
2 Year Price Change: 95.71%
5 Year Price Change: -8.09%

Dividend of Trading Day September 27, 2022


Dividend Yield: 6.169%*
Annualized Dividend: $0.95*
Dividend Yield (TTM): 5.849%
Annualized Dividend (TTM): $0.9242
Ex-Dividend Date: 2022-06-30
Next Ex-Dividend: 2022-09-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for UBA.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q2 FFO $--- $--- ---%
2022 Q1 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day September 27, 2022


Total Cash: $12,170,000
Current Debt: $19,923,000
Revenue: $141,087,000
Gross Profit: $141,087,000
Total Revenue: $141,087,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $84,212,000
Revenue Per Share: $4
Revenue Per Employee: $2,475,211
Employee: 95
Debt to Equity Ratio (D/E): 1.71
Profit Margin: 0.18%
Enterprise Value (EV): $945,830,409
Enterprise Value to Revenue (EV/R): 6.70
Price to Sales (P/S): 4.56
Price to Book (P/B): 1.82
Price/Earnings-to-Growth (PEG) Ratio: -3.80
P/E Ratio: 23.47
P/E High: 17.57
P/E Low: 14.45
Forward P/E Ratio: 17.78
Market Capitalization: $625,599,036
Beta: 0.64
Latest Volume: 238,540
Avg. Total Volume: 148,737
Avg. 10-Day Volume: 173,457
Avg. 30-Day Volume: 148,737
TTM EPS: 0.66
Shares Outstanding: 29,853,839
Float: N/A
50-Day Moving Avg.: $17.07
200-Day Moving Avg.: $17.25

Latest REIT Community Comments on #UBA


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Properties Owned by UBA


UBA Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $23.75 per share you would have been able to buy 42 shares of UBA on 2021-09-27 costing $997.50 @ $23.75 per share you would have been able to buy 21 shares of UBA on 2021-09-27 costing $498.75 @ $23.75 per share you would have been able to buy 10 shares of UBA on 2021-09-27 costing $237.50 @ $23.75 per share you would have been able to buy 4 shares of UBA on 2021-09-27 costing $95.00 @ $23.75 per share you would have been able to buy 2 shares of UBA on 2021-09-27 costing $47.50
Current worth On 2022-09-27 these 42 shares would be worth $646.80 @ $15.40 On 2022-09-27 these 21 shares would be worth $323.40 @ $15.40 On 2022-09-27 these 10 shares would be worth $154.00 @ $15.40 On 2022-09-27 these 4 shares would be worth $61.60 @ $15.40 On 2022-09-27 these 2 shares would be worth $30.80 @ $15.40
Dividends earned $39.59 in dividends would have been earned since 2021-09-27 with 42 shares. $20 in dividends would have been earned since 2021-09-27 with 21 shares. $9.43 in dividends would have been earned since 2021-09-27 with 10 shares. $3.77 in dividends would have been earned since 2021-09-27 with 4 shares. $1.89 in dividends would have been earned since 2021-09-27 with 21 shares.
Net (gain / loss)* -311.12 USD -155.56 USD -74.08 USD -29.63 USD -14.82 USD
ROI** -31.19% -31.19% -31.19% -31.19% -31.19%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by UBA. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
UBA 2022-06-30 0.238 --- 2022-06-06 2022-07-01 2022-07-15
UBA 2022-03-31 0.238 --- 2022-03-11 2022-04-01 2022-04-14
UBA 2022-01-04 0.238 3.26% 2021-12-16 2022-01-05 2022-01-14
UBA 2021-09-30 0.230 --- 2021-09-08 2021-10-01 2021-10-15
UBA 2021-07-01 0.230 64.29% 2021-06-07 2021-07-02 2021-07-16
UBA 2021-03-31 0.140 --- 2021-03-18 2021-04-01 2021-04-16
UBA 2021-01-04 0.140 --- 2020-12-16 2021-01-05 2021-01-15
UBA 2020-10-01 0.140 100.00% 2020-09-08 2020-10-02 2020-10-16
UBA 2020-07-01 0.070 -75.00% 2020-06-05 2020-07-03 2020-07-17
UBA 2020-04-02 0.280 --- 2020-03-19 2020-04-03 2020-04-17
UBA 2020-01-02 0.280 1.82% 2019-12-18 2020-01-03 2020-01-17
UBA 2019-10-03 0.275 --- 2019-09-04 2019-10-04 2019-10-18
UBA 2019-07-03 0.275 --- 2019-06-03 2019-07-05 2019-07-19
UBA 2019-04-03 0.275 1.85% 2019-03-21 2019-04-04 2019-04-18
UBA 2018-10-04 0.270 --- 2018-09-05 2018-10-05 2018-10-19
UBA 2018-07-05 0.270 --- 2018-06-04 2018-07-06 2018-07-20
UBA 2018-03-29 0.270 --- 2018-03-22 2018-04-02 2018-04-16
UBA 2018-01-04 0.270 -1.82% 2017-12-14 2018-01-05 2018-01-19
UBA 2018-01-03 0.275 3.77% 2018-12-13 2018-01-04 2019-01-18
UBA 2017-10-05 0.265 --- 2017-09-06 2017-10-06 2017-10-20

Earnings Press Releases


Below are the Earnings Press Releases for UBA. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q2 Urstadt Biddle Properties Inc. Reports Second Quarter Operating Results For Fiscal 2022
2021 Q4 Urstadt Biddle Properties Inc. Reports First Quarter Operating Results For Fiscal 2022

Financial Statements Overview


The next Earnings Report for UBA is 2022-12-15

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-04-30 2022-01-31 2021-10-31 2021-07-31
Current Cash 15,893,000 24,579,000 24,057,000 22,991,000
Receivables 22,363,000 23,909,000 23,806,000 23,311,000
Inventory 0 0 0 0
Current Assets 68,481,000 74,839,000 67,038,000 69,838,000
Current Assets (Other) 30,225,000 26,351,000 19,175,000 23,536,000
Short Term Investments 30,225,000 26,351,000 19,175,000 23,536,000
Long-term Investments 928,175,000 899,940,000 906,814,000 912,284,000
Property, Plant & Equipment Net 889,780,000 864,191,000 869,777,000 874,989,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 9,352,000 7,590,000 8,010,000 8,488,000
Net Tangible Assets 362,694,000 350,376,000 350,904,000 349,769,000
Total Assets 996,656,000 974,779,000 973,852,000 982,122,000
Accounts Payable 0 0 0 0
Liabilities (Other) 23,050,000 22,191,000 22,599,000 22,559,000
Current Liabilities (Other) 5,927,000 11,633,000 11,505,000 18,423,000
Total Current Liabilities 15,927,000 11,633,000 11,505,000 23,423,000
Current Long-term Debt 10,000,000 0 0 5,000,000
Long-term Debt 306,079,000 299,006,000 296,449,000 293,975,000
Total Liabilities 408,962,000 399,403,000 397,948,000 407,353,000
Minority Interest 63,906,000 66,573,000 67,395,000 67,396,000
Common Stock 37,962,560 38,319,120 36,784,091 37,858,463
Retained Earnings -175,031,000 -174,940,000 -170,493,000 -167,070,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 587,694,000 575,376,000 575,904,000 574,769,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-04-30 2022-01-31 2021-10-31 2021-07-31
Total Revenue 36,000,000 35,555,000 34,048,000 34,330,000
Cost of Revenue 0 0 0 0
Gross Profit 36,000,000 35,555,000 34,048,000 34,330,000
Research and Development 0 0 0 0
Selling General and Admin 2,508,000 2,680,000 2,109,000 2,139,000
Operating Expense 22,509,000 22,856,000 20,540,000 20,574,000
Operating Income 13,491,000 12,699,000 13,508,000 13,756,000
Income Expense Net (Other) 0 0 0 0
EBIT 13,814,000 12,966,000 13,806,000 14,121,000
Interest Income 3,262,000 3,302,000 3,025,000 3,329,000
Pretax Income 11,424,000 9,721,000 10,491,000 22,675,000
Income Tax 0 0 0 0
Minority Interest 903,000 911,000 921,000 887,000
Net Income 7,109,000 5,397,000 6,158,000 18,375,000
Net Income Basic 7,109,000 5,397,000 6,158,000 18,375,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-04-30 2022-01-31 2021-10-31 2021-07-31
Net Income 7,109,000 5,397,000 6,158,000 18,375,000
Depreciation 7,572,000 7,144,000 7,259,000 7,063,000
Changes in Receivables 22,363,000 23,909,000 23,806,000 23,311,000
Changes in Inventories 0 0 0 0
Cash Change 15,893,000 24,579,000 24,057,000 22,991,000
Cash Flow 21,353,000 13,530,000 19,205,000 19,847,000
Capital Expenditures -3,243,000 -3,020,000 -1,960,000 -1,882,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -33,247,000 -234,000 930,000 7,728,000
Dividends Paid 0 0 0 0
Net Borrowings 269,961,000 248,076,000 253,217,000 252,448,000
Cash Flow Financing 3,208,000 -12,774,000 -16,319,000 -45,780,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.8
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.7
10 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.9
6 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 7.0
4 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.3
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.7
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.7
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.3
Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.9
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.6
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.7
Rating Market Cap Section Avg. Rating
1 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 3.5
7.8 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-09-27 - v3.5