Urstadt Biddle Properties, Inc. [Acquired] | REIT Profile

Symbol: UBA new symbol: REG
CIK: 1029800
Exchange: NYSE
Other Symbols: UBP
Preferred Stock: UBP-H, UBP-K
Founded: 1969
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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About Urstadt Biddle Properties, Inc. [Acquired]

Urstadt Biddle Properties Inc. (NYSE: UBA) is a self-administered publicly held real estate investment trust (“REIT”) founded in 1969. We provide investors with a means of participating in the ownership of income-producing properties. Our investment properties consist primarily of neighborhood and community shopping centers in the northeastern part of the United States with a concentration in the Metropolitan New York tri-state area outside of the City of New York. We believe that our geographic focus allows us to take advantage of the strong demographic profiles of the areas that surround the City of New York and the natural barriers to entry that high population density and limitations on developable land provide. We also believe that our ability to directly operate and manage all of our properties within the tri-state area reduces overhead costs and affords us efficiencies that a more dispersed portfolio would make difficult. We take a disciplined, conservative approach to every aspect of commercial retail real estate. Whether it is redevelopment, property management, or acquisitions, we make comprehensive, strategic decisions based on decades of experience and market knowledge. As a result, we believe that our property portfolio is one of the highest quality in our industry.


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Related Information


Material Source Description
Regency Centers to Acquire Urstadt Biddle Properties in All-Stock Transaction (2023-05-18) PR Newswire JACKSONVILLE, Fla. and GREENWICH, Conn., May 18, 2023 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency”) (Nasdaq: REG) and Urstadt Biddle Properties Inc. (“Urstadt Biddle” or “UBP”) (NYSE: UBA and UBP) today announced that the two companies have entered into a definitive merger agreement (the “Agreement”) by which Regency will acquire Urstadt Biddle in an all-stock transaction, valued at approximately $1.4 billion, including the assumption of debt and preferred stock. The combined company is expected to have a pro forma equity market capitalization of approximately $11 billion and total enterprise value of approximately $16 billion.

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Last updated: 2024-04-19 - v4.8