NYSE:UBA

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Urstadt Biddle Properties

Executive Summary

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.3 million square feet of space. More Details


Snowflake Analysis

Mediocre balance sheet unattractive dividend payer.


Similar Companies

Share Price & News

How has Urstadt Biddle Properties's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: UBA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: UBA's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

15.1%

UBA

-2.1%

US REITs

-0.06%

US Market


1 Year Return

-41.4%

UBA

-7.3%

US REITs

19.0%

US Market

Return vs Industry: UBA underperformed the US REITs industry which returned -7.3% over the past year.

Return vs Market: UBA underperformed the US Market which returned 19% over the past year.


Shareholder returns

UBAIndustryMarket
7 Day15.1%-2.1%-0.06%
30 Day40.9%4.7%4.4%
90 Day44.8%3.2%6.3%
1 Year-38.1%-41.4%-3.4%-7.3%21.7%19.0%
3 Year-28.8%-39.3%17.7%3.6%46.4%36.7%
5 Year-8.6%-29.3%47.5%17.9%91.0%69.9%

Long-Term Price Volatility Vs. Market

How volatile is Urstadt Biddle Properties's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Urstadt Biddle Properties undervalued compared to its fair value and its price relative to the market?

43.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: UBA ($14.15) is trading above our estimate of fair value ($11.44)

Significantly Below Fair Value: UBA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: UBA is poor value based on its PE Ratio (43.1x) compared to the US REITs industry average (38.8x).

PE vs Market: UBA is poor value based on its PE Ratio (43.1x) compared to the US market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: UBA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: UBA's PB Ratio (1.6x) is in line with the US REITs industry average.


Next Steps

Future Growth

How is Urstadt Biddle Properties forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UBA's earnings are forecast to decline over the next 3 years (-0.8% per year).

Earnings vs Market: UBA's earnings are forecast to decline over the next 3 years (-0.8% per year).

High Growth Earnings: UBA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if UBA's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if UBA's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if UBA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Urstadt Biddle Properties performed over the past 5 years?

-13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UBA has high quality earnings.

Growing Profit Margin: UBA's current net profit margins (9.7%) are lower than last year (17.6%).


Past Earnings Growth Analysis

Earnings Trend: UBA's earnings have declined by 13.9% per year over the past 5 years.

Accelerating Growth: UBA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: UBA had negative earnings growth (-47.3%) over the past year, making it difficult to compare to the REITs industry average (2%).


Return on Equity

High ROE: UBA's Return on Equity (5.2%) is considered low.


Next Steps

Financial Health

How is Urstadt Biddle Properties's financial position?


Financial Position Analysis

Short Term Liabilities: UBA's short term assets ($88.4M) exceed its short term liabilities ($23.8M).

Long Term Liabilities: UBA's short term assets ($88.4M) do not cover its long term liabilities ($361.7M).


Debt to Equity History and Analysis

Debt Level: UBA's debt to equity ratio (55.4%) is considered high.

Reducing Debt: UBA's debt to equity ratio has reduced from 59.6% to 55.4% over the past 5 years.

Debt Coverage: UBA's debt is not well covered by operating cash flow (18.8%).

Interest Coverage: UBA's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Urstadt Biddle Properties's current dividend yield, its reliability and sustainability?

5.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UBA's dividend (5.44%) is higher than the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: UBA's dividend (5.44%) is in the top 25% of dividend payers in the US market (4.15%)


Stability and Growth of Payments

Stable Dividend: UBA's dividend payments have been volatile in the past 10 years.

Growing Dividend: UBA's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (114.3%), UBA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure


CEO

Willing Biddle (59 yo)

7.33yrs

Tenure

US$2,086,734

Compensation

Mr. Willing L. Biddle, also known as Wing, has been the Chief Executive Officer at Urstadt Biddle Properties Inc. since July 1, 2013 and also has been its President since December 1996. Mr. Biddle serves a...


CEO Compensation Analysis

Compensation vs Market: Willing's total compensation ($USD2.09M) is about average for companies of similar size in the US market ($USD1.81M).

Compensation vs Earnings: Willing's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Willing Biddle
President7.33yrsUS$2.09m6.36%
$ 30.8m
John Hayes
Senior VP12.33yrsUS$575.68k0.19%
$ 924.2k
Stephan Rapaglia
Senior VP6.83yrsUS$575.68k0.24%
$ 1.2m
Miyun Sung
Senior VP4.08yrsUS$462.53k0.091%
$ 438.2k
Laura Santangelo
Investor Relations Contact3.83yrsno datano data
Linda Lacey
Senior VP & Director of Leasing12.92yrsno datano data
Diane Midollo
VP & Controller12.33yrsno datano data
Nicholas Capuano
VP & Associate Real Estate Counsel6.83yrsno datano data
Andrew Albrecht
VP and Director of Management & Construction5.83yrsno datano data
Zach Fox
Vice President of Acquisitions5.83yrsno datano data
Joseph Allegretti
Vice President of Leasing3.92yrsno datano data
Suzanne Moore
VP & Director of Accounts Receivable3.17yrsno datano data

6.3yrs

Average Tenure

51yo

Average Age

Experienced Management: UBA's management team is seasoned and experienced (6.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Willing Biddle
President7.33yrsUS$2.09m6.36%
$ 30.8m
Charles Urstadt
Chairman of the Board1.83yrsUS$294.63k0.12%
$ 572.5k
Robert Mueller
Independent Director16.75yrsUS$82.18k0.12%
$ 596.0k
Kevin Bannon
Independent Director12.17yrsUS$79.78k0.12%
$ 576.6k
Noble Carpenter
Independent Director3.92yrsUS$68.18k0.012%
$ 57.6k
Richard Grellier
Independent Director9.17yrsUS$76.98k0.032%
$ 152.4k
Catherine Biddle
Director7.67yrsUS$56.47k0.10%
$ 490.6k
Bryan Colley
Independent Director5.83yrsUS$68.18k0.035%
$ 168.0k
Willis Stephens
Independent Director1.17yrsno data0.0064%
$ 30.8k

7.7yrs

Average Tenure

60yo

Average Age

Experienced Board: UBA's board of directors are considered experienced (7.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: UBA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Urstadt Biddle Properties Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Urstadt Biddle Properties Inc.
  • Ticker: UBA
  • Exchange: NYSE
  • Founded: 1969
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: US$483.959m
  • Shares outstanding: 38.65m
  • Website: https://www.ubproperties.com

Number of Employees


Location

  • Urstadt Biddle Properties Inc.
  • 321 Railroad Avenue
  • Greenwich
  • Connecticut
  • 6830
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UBPNYSE (New York Stock Exchange)Common StockUSUSDMay 1970
WVIDB (Deutsche Boerse AG)Common StockDEEURMay 1970
UBANYSE (New York Stock Exchange)YesClass A SharesUSUSDAug 1998
WXBDB (Deutsche Boerse AG)YesClass A SharesDEEURAug 1998
UBP.PRHNYSE (New York Stock Exchange)6.25% CUM PFD HUSUSDSep 2017
UBP.PRKNYSE (New York Stock Exchange)5.875% SR K PFDUSUSDSep 2019

Biography

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.3 million square feet of space. List...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 00:01
End of Day Share Price2020/11/23 00:00
Earnings2020/07/31
Annual Earnings2019/10/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.