Last $22.56 USD
Change Today +0.10 / 0.45%
Volume 86.1K
UBA On Other Exchanges
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

urstadt biddle - class a (UBA) Snapshot

Open
$22.44
Previous Close
$22.46
Day High
$22.65
Day Low
$22.40
52 Week High
12/23/14 - $22.87
52 Week Low
01/2/14 - $18.02
Market Cap
762.3M
Average Volume 10 Days
147.9K
EPS TTM
$1.15
Shares Outstanding
26.1M
EX-Date
12/31/14
P/E TM
19.7x
Dividend
$1.02
Dividend Yield
4.48%
Current Stock Chart for URSTADT BIDDLE - CLASS A (UBA)

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urstadt biddle - class a (UBA) Details

Urstadt Biddle Properties Inc. is a real estate investment trust. The firm invests in the real estate markets of the United States. It engages 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. The firm was formally known as HRE Properties Inc. Urstadt Biddle Properties Inc. was founded in 1969 and is based in Greenwich, Connecticut.

Founded in 1969

urstadt biddle - class a (UBA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $327.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $229.6K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $232.2K
Compensation as of Fiscal Year 2013.

urstadt biddle - class a (UBA) Key Developments

Urstadt Biddle Properties Inc. Announces Unaudited Earnings Results Fourth Quarter and Full Year Ended October 31, 2014

Urstadt Biddle Properties Inc. announced unaudited earnings results fourth quarter and full year ended October 31, 2014. For the quarter. the company reported total revenues of $26.226 million against $24.321 million a year ago. Operating income was $10.209 million against $9.266 million a year ago. Income from continuing operations before discontinued operations was $32.494 million or $0.77 per diluted share against $7.278 million or $0.11 per diluted share a year ago. Net income attributable to the company was $32.342 million or $0.77 per diluted share against $7.445 million or $0.12 per diluted share a year ago. Net income applicable to common and class A common stockholders was $27.019 million or $0.87 per diluted share against $3.992 million or $0.13 per diluted share a year ago. Income from continuing operations per class A common share was $0.87 against $0.12 a year ago. Funds from operations applicable to common and class A common stockholders was $8.049 million against $9.101 million a year ago. Funds from operations per diluted share was $0.23 against $0.26 a year ago. Funds from operations per class A common share was $0.26 against $0.29 a year ago. For the year, the company reported total revenues of $102.328 million against $95.203 million a year ago. Operating income was $37.243 million against $34.076 million a year ago. Income from continuing operations before discontinued operations was $53.091 million or $1.06 per diluted share against $29.105 million or $0.27 per diluted share a year ago. Net income attributable to the company was $65.151 million or $1.42 per diluted share against $29.795 million or $0.31 per diluted share a year ago. Net income applicable to common and class A common stockholders was $49.469 million or $1.59 per diluted share against $10.613 million or $0.34 per diluted share a year ago. Income from continuing operations per class A common share was $1.19 against $0.30 a year ago. Funds from operations applicable to common and class A common stockholders was $33.032 million against $29.506 million a year ago. Funds from operations per diluted share was $0.95 against $0.86 a year ago. Funds from operations per class A common share was $1.06 against $0.95 a year ago. Net income applicable to Class A Common and Common stockholders for the fiscal year ended October 31. 2014. includes a $36.9 million gain on sale of properties and a preferred stock redemption charge of $1.87 million related to the announced redemption of the Company’s Series D Cumulative Preferred Stock.

Urstadt Biddle Properties Inc. Declares Class A Common and Common Dividend, Payable January 16, 2015

At their regular December meeting, Urstadt Biddle Properties Inc. Directors approved an increase in the quarterly dividend rate on shares of the company’s Class A common stock. The quarterly dividend rate declared for Class A common stock was increased to $0.255 per share, which represents an annualized increase of $0.01 per share for the Class A Common shares. The Board of Directors declared a quarterly dividend for the common shares of $0.225 per share, unchanged from the prior quarter. The $0.01 increase on the Class A common Stock dividend represents the twenty-first consecutive year that the company has increased total dividends to its shareholders. The Class A common and common dividends are payable January 16, 2015 to stockholders of record on January 5, 2015.

Urstadt Biddle Properties Inc. to Acquire Four Retail Shopping Centers Located in its Target Market of the Metropolitan New York Tri-State Area

Urstadt Biddle Properties Inc. on October 27, 2014 confirmed that the due diligence had been substantially completed under a purchase agreement previously entered into with an unrelated third party seller. Pursuant to the purchase agreement, the company has agreed to acquire four retail shopping centers located in its target market of the metropolitan New York tri-state area outside of the City of New York. The aggregate purchase price for the acquisition, excluding closing costs, is $124.55 million in cash. In connection with the execution of the purchase agreement, the company deposited $2.5 million into an escrow account. The shopping centers under contract comprise a total of approximately 375,000 square feet and are supermarket or drugstore anchored. As of September 15, 2014, the shopping centers under contract were collectively approximately 94% leased. The Company anticipates that the proposed acquisition will close before December 31, 2014. The purchase agreement contains covenants, representations and warranties that are customary of real estate purchase and sale agreements. In addition, the proposed acquisition has been and continues to be subject to the satisfaction of customary closing conditions.

 

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