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Urstadt Biddle Properties Inc.NYSE:UBA Aktienübersicht

Marktkapitalisierung US$799.4m
Aktienkurs
n/a
Mein Marktwert
n/v
1Y16.0%
7D-6.0%
1D
Wert des Portfolios
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Urstadt Biddle Properties Inc.

NYSE:UBA Lagerbericht

Marktkapitalisierung: US$799.4m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Urstadt Biddle Properties (UBA) Aktienübersicht

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 77 properties containing approximately 5.3 million square feet of space. Mehr Details

UBA grundlegende Analyse
Schneeflocken-Punktzahl
Bewertung2/6
Künftiges Wachstum1/6
Vergangene Leistung2/6
Finanzielle Gesundheit3/6
Dividenden3/6

Belohnungen

25.3% unter unserer Schätzung des beizulegenden Zeitwerts gehandelt

Prognostiziertes Gewinnwachstum 13.26% pro Jahr

Risikoanalyse

Hat einen hohen Schuldenstand

Unbeständige Dividendenentwicklung

Die Gewinnspannen (17.7%) sind niedriger als im Vorjahr (26.3%)


UBA Community Fair Values

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Urstadt Biddle Properties Inc. Wettbewerber

Preisentwicklung & Leistung

Zusammenfassung der Höchst- und Tiefststände sowie der Veränderungen der Aktienkurse für Urstadt Biddle Properties
Historische Aktienkurse
Aktueller AktienkursUS$21.14
52-Wochen-HochUS$23.16
52-Wochen-TiefUS$15.07
Beta1.12
1 Monat Veränderung-7.20%
3 Monate Veränderung5.33%
1 Jahr Veränderung15.96%
3 Jahre Veränderung122.06%
5 Jahre Veränderung-8.52%
Veränderung seit IPO141.60%

Aktuelle Nachrichten und Updates

Recent updates

Analyseartikel • Mar 16

Here's Why Urstadt Biddle Properties Inc.'s (NYSE:UBA) CEO Compensation Is The Least Of Shareholders' Concerns

Key Insights Urstadt Biddle Properties to hold its Annual General Meeting on 22nd of March Total pay for CEO Wing...
Seeking Alpha • Dec 15

Urstadt Biddle Properties FFO of $0.39 in-line, revenue of $36.06M beats by $0.67M

Urstadt Biddle Properties press release (NYSE:UBA): Q4 FFO of $0.39 in-line. Revenue of $36.06M (+5.9% Y/Y) beats by $0.67M. 93.0% of our consolidated portfolio gross leasable area (“GLA”) was leased at October 31, 2022, an increase of 1.1% from the end of fiscal 2021. 2.0% average increase in base rental rates on 108,300 square feet of lease renewals signed in the fourth quarter of fiscal 2022. On October 14, 2022, the company paid a $0.2375 per share quarterly cash dividend on our Class A Common Stock and a $0.2145 per share quarterly cash dividend on our Common Stock. $15.0 million of cash and cash equivalents currently on our balance sheet. $94 million currently available on our unsecured revolving credit facility. No mortgage debt maturing until 2024.
Seeking Alpha • Oct 03

Urstadt Biddle Properties adopts stock buyback program for up to 2M shares

Urstadt Biddle Properties' (NYSE:UBA) board has authorized the company to repurchase up to 2M shares of the REIT's common stock and class A common stock, the company said Monday. The stock buyback plan replaces a previous repurchase program that was announced in June 2017. The new program has no expiration date and may be discontinued at any time. The company will fund any share repurchases with available cash. Urstadt Biddle (UBA) shares were unchanged in after-hours trading. In February, the company acquired a shopping center in Shelton, Connecticut, for $33.6M.
Seeking Alpha • Sep 07

Urstadt Biddle Properties declares $0.2375 dividend

Urstadt Biddle Properties (NYSE:UBA) declares $0.2375/share quarterly dividend, in line with previous. Forward yield 5.82% Payable Oct. 14; for shareholders of record Sept. 30; ex-div Sept. 29. See UBA Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 28

Solve The REIT Riddle And Buy Urstadt Biddle

We haven't covered Urstadt Biddle in a while. So, with the help of Wolf Report, let’s create an updated thesis. I may even add Urstadt Biddle to a key portfolio this week. This article was coproduced with Wolf Report. It's not entirely surprising that Urstadt Biddle (UBA) doesn't get a whole lot of love or coverage. Even we rarely mention this retail real estate investment trust with its lack of credit rating and small portfolio. Its market cap is just somewhat north of half a billion dollars… what some REITs redevelop in a few years. However, we shouldn't overlook quality due to size. And there is, in fact, a lot to like about this business, including its longevity. UBA has been around for over 50 years, having been founded back in 1969. It invests primarily in neighborhood and community shopping centers in the northeastern U.S. – mainly in the New York City/tri-state area. So, in the past, it’s been able to take advantage of that enormously populated space. Then again, we all know NYC hasn’t been the healthiest metropolitan the last few years, to say the least. And if it’s seeing issues, it's not far-fetched to assume that UBA faces some issues as well. But are they big enough to back away from this REIT? That's the question. The Basics of Urstadt Biddle On a high level, UBA isn't that hard to understand compared to some of the bigger REITs we cover. It owns and leases 77 properties, with a gross leasable area of around 5.3 million square feet. At last check, 87% of that is anchored by a pharmacy or wholesale club. Obviously, that gives it some automatic safety since healthcare and groceries are necessities, not luxuries. And speaking of safety, let’s clarify in case there’s any confusion… Urstadt Biddle focuses on quality suburban markets outside of NYC. Not NYC itself, but the “burbs.” The portfolio can be viewed in the following way: (UBA Investor Presentation) Looking at those facts and figures, it appears that UBA has a very sound strategy. Buying attractive real estate next to high-income neighborhoods and then leasing them to area-attractive clients is smart. And not that complex. Now, despite UBA’s limited size and market cap, it does consider itself on par with some massive peers – such as Federal Realty (FRT) and Regency Centers (REG) – in some ways. The little scrapper has hutzpah. We’ll give it that. We also have to acknowledge the facts below about UBA's demographics. They include some of the main reasons why we view UBA as a potentially attractive investment. (UBA Investor Presentation) Being a smaller player in the market also means that UBA is more agile. It can move in ways that larger players might have difficulty doing. As evidenced above, the company has positioned itself in a rather unique manner. Combining affluent demographics with a relatively high population, it’s got even FRT beat in terms of targeting a median income. The Cow Jumped Over the Moon (for Urstadt Biddle) This brings up its portfolio again, which is definitely worth exploring further. By far, its largest tenant is Stop & Shop, with an annualized base rent of 8.3%. Many American investors might know that grocery store chain very well. They might even shop at it. But the fact is it’s now a subsidiary of European giant Ahold Delhaize (OTCQX:ADRNY)… which Wolf Report has written about before. For Brad’s part, as a shopping developer and investor, he was always getting rent checks from Ahold. This makes Stop & Shop a very safe tenant and a great anchor. Other clients with a 3%+ ABR include: CVS (CVS) Acme The TJX Companies (TJX), which includes T.J.Maxx and HomeGoods Bed Bath & Beyond (BBBY) Staples Walgreens (WBA) All in all, 87% of UBA’s space is leased to either supermarkets, pharmacies, or wholesale club anchors. Its top 10 tenants make up around 29.5% of ABR, and 76% is what the company considers to be Internet resistance. Now, UBA's lease expiration schedule is fairly close laddered with plenty of expirations. Fifty-three percent expires before 2026, which we'll look at closer shortly. However, it’s demographics and geography offer it decent protection. Plus, the company has a proven leasing ability. Occupancy has never – not in 20 years – trended below 90%. Not even during the shutdowns. Factoring in that time, Urstadt Biddle’s average occupancy on an 18-year basis is around 94%. (UBA Investor Presentation) Since the pandemic first began, the REIT has made a notable recovery from what it did lose. It had a rough ride in April 2020, to be sure. But since then, the company's trends are actually above pre-pandemic numbers. Current foot traffic represents the number of visits up above 8 million on a monthly basis as of the end of 2021. These trends drive extremely predictable revenue and funds from operations (FFO). UBA has close to a linear development in both, averaging nearly 7% annual revenue growth and 7% annual FFO growth for the past 21 years. (UBA Investor Presentation) UBA’s Dividend and Debt Things are equally positive on the dividend side of things, with 210 uninterrupted dividend payments on a quarterly basis. UBA has maintained it at an average 83% FFO payout for the past 10 years. The company isn't a dividend king. We fully acknowledge that and the fact that it has cut its dividend. But we also want to point out that it’s paid uninterrupted dividends for 52 years. Prior to the pandemic, UBA’s performance was close to that of the S&P 500. Since then, it’s significantly lagged its peers. As such, it trades at a relative discount to where it did before. (iREIT) On the balance sheet side of things, UBA has a debt-to-asset ratio of 31.7%. And its fixed-charge coverage is 3.6x. The company has negligible mortgage rollover risks, with none being relevant for this or the next years. Most of its debt is at fixed rates, and its current mortgage fixed interest rates are just north of 3%. That’s excellent given where the market is currently going. Now, UBA is somewhat unique in its peer group because it utilizes a decent amount of preferred debt, or preferred shares. In fact, 17% of its capitalization is actually preferred. It has a lower debt ratio than any shopping center REIT on the market at close to 25%. But again, that comes at the cost of preferred equity. (UBA Investor Presentation) This might have been a negative a year ago when debt was dirt-cheap. But as things stand now, it’s actually a benefit. Some other companies have tapped deep into debt at over 50% of their capitalization. And that could potentially be subject to significant interest rate cost increases going forward. Growth Is the Name of Tiny UBA’s Game UBA has also been successful with the formation of "DownREIT" joint ventures. In this, it effectively trades its stock for property interests in a tax-efficient structure. This method of acquiring property assets is a great benefit to both UBA and its contributing property owners. And it distinguishes the company in the competition to acquire desirable properties. Further making it unique, UBA’s capital structure is uncommon with two classes of common stock. The first trades under the symbol UBP, has super voting rights, and is held primarily by insiders. "Class A common" then trades under the symbol UBA, is held primarily by institutional investors, and enjoys a higher dividend per share. Now that we’ve established that, let’s next go back to its recent growth, as promised. For the latest fiscal year, FFO rose 21.7% year-over-year and same-store NOI rose 4.7%. FFO did drop 7% 2019 and 13% in 2020. But it bounced back up 14% in 2021 and is expected to grow another 10% this year. Such growth would put UBA back to levels above pre-pandemic. Now, admittedly, the time to have best bought it would have been during the pandemic when it was trading at 4x-5x P/FFO valuations. And we did in fact do that in the Small-Cap REIT portfolio. (iREIT on Alpha) But today, we're once again looking at multiples that are significantly below what we believe UBA should be trading at. Its merger and acquisition (M&A) program is back on track. As such, it recently acquired the Shelton Square Shopping Center, in Shelton, Connecticut, for just below $34 million. That asset’s tenants include a Shop & Stop, Burger King, a bank, and more. Evaluating Urstadt Biddle’s Valuation There really just are a lot of things to like about UBA. It might not be your premier choice for investment given its limited size. But that 5.44%+ yield might of interest. From an estimated 2022 FFO basis, it covers the company's payout with a 63% ratio. Furthermore, at current multiples, UBA still trades at below 12x P/FFO – despite being a very streamlined, grocery/pharmacy-anchored shopping center REIT.
Seeking Alpha • Jun 13

Urstadt Biddle: 5.6% Yield, 26% Upside, Still Recovering From Pandemic

Shopping Center REITs have outperformed the REIT average thus far in 2022, but Urstadt Biddle has underperformed. UBA's foot traffic has returned to pre-pandemic levels, but not occupancy, nor the dividend. Urstadt Biddle sports a safe 5.6% Yield, and is priced below both the Shopping Center REIT average and the overall REIT average. This article examines growth, balance sheet, dividend, and valuation metrics for this small-cap REIT.
Seeking Alpha • Mar 30

Grocery Anchored Value With Urstadt Biddle

Grocery anchored shopping centers are performing well fundamentally. Yet some of the REITs remain cheap. UBA has nice growth and an attractive valuation.
Seeking Alpha • Jan 21

Urstadt Biddle Properties Is Back In Acquisition Mode

After a three-year dry spell, the UBA acquisitions team appears to (finally) be back in the saddle. UBA's recovery is coming along nicely, with rent rates ticking up and foot traffic at centers exceeding 2019 levels. Management opportunistically repurchased common shares during 2021. UBA looks extraordinarily cheap compared to its growth prospects in the coming years. UBA currently offers a dividend yield of 4.8%.
Seeking Alpha • Dec 12

Urstadt Biddle: An Excellent Dividend Gift In Shopping Centers

Urstadt Biddle is a high quality REIT with improving business fundamentals. It maintains a fortress balance sheet and pays the highest dividend yield in the shopping center space. It's still trading below its pre-pandemic level, and is attractively valued compared to its peers.
Seeking Alpha • Sep 14

Urstadt Biddle Properties: Organic And External Growth Ahead

Urstadt Biddle Properties has two share classes: UBA and UBP. The latter has lower volume but has persistently traded at a big discount to the former recently. There are at least eight particular reasons to like Urstadt Biddle as an investment. Rent collection has remained flat at around 94% in 2021, but deferred rents are getting repaid, occupancy is rising, and rent rates have turned a corner toward growth. CEO Willing Biddle teased the potential for acquisitions to resume later this year.
Seeking Alpha • Jul 14

Urstadt Biddle Properties: Buy? Hold? Or Sell?

Many of us bought Urstadt Biddle Properties when it had dropped more than a factor of two in the early fall of 2020. Since then, the gap between UBA and other shopping center REITs has decreased a lot. We take a closer look at UBA to better understand their business model and prospects going forward. We find that UBA remains undervalued, but after its recent appreciation, it has become less appealing than some of its peers.
Analyseartikel • Mar 02

What You Need To Know About Urstadt Biddle Properties Inc.'s (NYSE:UBA) Investor Composition

If you want to know who really controls Urstadt Biddle Properties Inc. ( NYSE:UBA ), then you'll have to look at the...
Analyseartikel • Feb 09

Have Insiders Been Buying Urstadt Biddle Properties Inc. (NYSE:UBA) Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
Analyseartikel • Jan 19

Urstadt Biddle Properties Inc.'s (NYSE:UBA) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?

Urstadt Biddle Properties' (NYSE:UBA) stock is up by a considerable 59% over the past three months. However, in this...
Analyseartikel • Dec 22

What Type Of Returns Would Urstadt Biddle Properties'(NYSE:UBA) Shareholders Have Earned If They Purchased Their SharesYear Ago?

It is doubtless a positive to see that the Urstadt Biddle Properties Inc. ( NYSE:UBA ) share price has gained some 60...
Analyseartikel • Nov 25

How Much Of Urstadt Biddle Properties Inc. (NYSE:UBA) Do Insiders Own?

A look at the shareholders of Urstadt Biddle Properties Inc. (NYSE:UBA) can tell us which group is most powerful...

Aktionärsrenditen

UBAUS Retail REITsUS Markt
7D-6.0%0.5%2.3%
1Y16.0%21.8%25.5%

Rendite im Vergleich zur Industrie: UBA übertraf die Branche US Retail REITs , die im vergangenen Jahr eine Rendite von 21.8 erzielte.

Rendite vs. Markt: UBA übertraf den Markt US, der im vergangenen Jahr eine Rendite von 25.5 erzielte.

Preisvolatilität

Is UBA's price volatile compared to industry and market?
UBA volatility
UBA Average Weekly Movement2.8%
Retail REITs Industry Average Movement2.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stabiler Aktienkurs: UBA hatte in den letzten 3 Monaten im Vergleich zum US -Markt keine signifikante Preisvolatilität.

Volatilität im Zeitverlauf: UBADie wöchentliche Volatilität (3%) ist im vergangenen Jahr stabil geblieben.

Über das Unternehmen

GegründetMitarbeiterCEOWebsite
196955Wing Biddlewww.ubproperties.com

Urstadt Biddle Properties Inc.'s Grundlagenzusammenfassung

Wie verhalten sich die Erträge und Einnahmen von Urstadt Biddle Properties im Vergleich zum Marktanteil des Unternehmens?
UBA grundlegende Statistiken
MarktanteilUS$799.42m
Gewinn(TTM)US$25.55m
Umsatz(TTM)US$144.36m
31.3x
Kurs-Gewinn-Verhältnis
5.5x
Kurs-Umsatz-Verhältnis

Ist UBA zu teuer?

Siehe Fair Value und Bewertungsanalyse

Erträge & Einnahmen

Wichtige Rentabilitätsstatistiken aus dem letzten Ergebnisbericht (TTM)
UBA Gewinn- und Verlustrechnung (TTM)
EinnahmenUS$144.36m
Kosten der EinnahmenUS$48.49m
BruttogewinnUS$95.87m
Sonstige AusgabenUS$70.32m
GewinnUS$25.55m

Zuletzt gemeldete Gewinne

Apr 30, 2023

Datum des nächsten Gewinnberichts

k.A.

Gewinn per Aktie (EPS)0.68
Bruttomarge66.41%
Nettogewinnspanne17.70%
Schulden/Eigenkapital-Verhältnis54.4%

Wie hat sich UBA auf lange Sicht entwickelt?

Historische Performance und Vergleiche

Dividenden

3.9%
Aktuelle Dividendenrendite
88%
Ausschüttungsquote

Unternehmensanalyse und Finanzdaten Status

DatenZuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse2023/08/20 00:02
Aktienkurs zum Tagesende2023/08/17 00:00
Gewinne2023/04/30
Jährliche Einnahmen2022/10/31

Datenquellen

Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.

PaketDatenZeitrahmenBeispiel US-Quelle *
Finanzdaten des Unternehmens10 Jahre
  • Gewinn- und Verlustrechnung
  • Kapitalflussrechnung
  • Bilanz
Konsensschätzungen der Analysten+3 Jahre
  • Finanzielle Vorausschau
  • Kursziele der Analysten
Marktpreise30 Jahre
  • Aktienkurse
  • Dividenden, Splits und Aktionen
Eigentümerschaft10 Jahre
  • Top-Aktionäre
  • Insiderhandel
Verwaltung10 Jahre
  • Das Führungsteam
  • Direktorium
Wichtige Entwicklungen10 Jahre
  • Ankündigungen des Unternehmens

* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.

Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.

Analysemodell und Schneeflocke

Einzelheiten zu dem Analysemodell, mit dem dieser Bericht erstellt wurde, finden Sie auf unserer Github-Seite. Außerdem bieten wir Leitfäden zur Verwendung unserer Berichte und Tutorials auf YouTube an.

Erfahren Sie mehr über das Weltklasse-Team, das das Simply Wall St-Analysemodell entworfen und entwickelt hat.

Metriken für Industrie und Sektor

Unsere Branchen- und Sektionskennzahlen werden alle 6 Stunden von Simply Wall St berechnet. Details zu unserem Verfahren finden Sie auf Github.

Analysten-Quellen

Urstadt Biddle Properties Inc. wird von 7 Analysten beobachtet. 1 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.

AnalystEinrichtung
Christopher LucasBaird
Paul AdornatoBMO Capital Markets Equity Research
Craig KuceraB. Riley Securities, Inc.