Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.2 million square feet of space.
Urstadt Biddle Properties Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$19.27|
|52 Week High||US$8.22|
|52 Week Low||US$19.97|
|1 Month Change||1.64%|
|3 Month Change||1.26%|
|1 Year Change||101.57%|
|3 Year Change||-8.28%|
|5 Year Change||-15.33%|
|Change since IPO||120.23%|
Recent News & Updates
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.
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.
Urstadt Biddle Properties: My Most Successful Investment Of 2020
My favorite aspect of tri-state suburb shopping center REIT UBA is the fact that it's a family business largely owned and run by the Urstadts and the Biddles. The portfolio is well-located in affluent suburbs surrounding New York City, into which a wave of urbanites flooded during the pandemic. The balance sheet is strong, and the REIT has some growth opportunities despite high commercial property values in its areas. Despite large capital gains, I look at my investment in UBA with a landlord's mindset, caring less about the stock price than about the income generated from my invested capital.
|UBA||US REITs||US Market|
Return vs Industry: UBA exceeded the US REITs industry which returned 28.4% over the past year.
Return vs Market: UBA exceeded the US Market which returned 30.7% over the past year.
Stable Share Price: UBA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: UBA's weekly volatility (3%) has been stable over the past year.
About the Company
Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.2 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties. It has paid 203 consecutive quarters of uninterrupted dividends to its shareholders since its inception.
Is Urstadt Biddle Properties undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UBA ($19.27) is trading below our estimate of fair value ($25.53)
Significantly Below Fair Value: UBA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UBA is good value based on its PE Ratio (28.1x) compared to the US REITs industry average (47.4x).
PE vs Market: UBA is poor value based on its PE Ratio (28.1x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: UBA is poor value based on its PEG Ratio (33.7x)
Price to Book Ratio
PB vs Industry: UBA is overvalued based on its PB Ratio (2.1x) compared to the US REITs industry average (1.9x).
How is Urstadt Biddle Properties forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UBA's forecast earnings growth (0.8% per year) is below the savings rate (2%).
Earnings vs Market: UBA's earnings (0.8% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: UBA's earnings are forecast to grow, but not significantly.
Revenue vs Market: UBA's revenue (3.2% per year) is forecast to grow slower than the US market (9.5% per year).
High Growth Revenue: UBA's revenue (3.2% per year) is forecast to grow slower 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
How has Urstadt Biddle Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UBA has high quality earnings.
Growing Profit Margin: UBA's current net profit margins (19.8%) are higher than last year (9.7%).
Past Earnings Growth Analysis
Earnings Trend: UBA's earnings have declined by 17.6% per year over the past 5 years.
Accelerating Growth: UBA's earnings growth over the past year (109.9%) exceeds its 5-year average (-17.6% per year).
Earnings vs Industry: UBA earnings growth over the past year (109.9%) exceeded the REITs industry 3.9%.
Return on Equity
High ROE: UBA's Return on Equity (6.8%) is considered low.
How is Urstadt Biddle Properties's financial position?
Financial Position Analysis
Short Term Liabilities: UBA's short term assets ($69.8M) exceed its short term liabilities ($18.4M).
Long Term Liabilities: UBA's short term assets ($69.8M) do not cover its long term liabilities ($321.6M).
Debt to Equity History and Analysis
Debt Level: UBA's debt to equity ratio (48.1%) is considered high.
Reducing Debt: UBA's debt to equity ratio has increased from 45.6% to 48.1% over the past 5 years.
Debt Coverage: UBA's debt is well covered by operating cash flow (22.7%).
Interest Coverage: UBA's interest payments on its debt are well covered by EBIT (3.8x coverage).
What is Urstadt Biddle Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: UBA's dividend (3.84%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: UBA's dividend (3.84%) is in the top 25% of dividend payers in the US market (3.6%)
Stability and Growth of Payments
Stable Dividend: UBA's dividend payments have been volatile in the past 10 years.
Growing Dividend: UBA's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (76.9%), UBA's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Wing Biddle (60 yo)
Mr. Willing L. Biddle, also known as Wing, has been the Chief Executive Officer at Urstadt Biddle Properties Inc. since July 1, 2013 and also has been its President since December 1996. Mr. Biddle serves a...
CEO Compensation Analysis
Compensation vs Market: Wing's total compensation ($USD2.54M) is about average for companies of similar size in the US market ($USD2.35M).
Compensation vs Earnings: Wing's compensation has increased by more than 20% in the past year.
Experienced Management: UBA's management team is seasoned and experienced (8.2 years average tenure).
Experienced Board: UBA's board of directors are considered experienced (8.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Urstadt Biddle Properties Inc.'s employee growth, exchange listings and data sources
- Name: Urstadt Biddle Properties Inc.
- Ticker: UBA
- Exchange: NYSE
- Founded: 1969
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: US$727.044m
- Shares outstanding: 38.79m
- Website: https://www.ubproperties.com
Number of Employees
- Urstadt Biddle Properties Inc.
- 321 Railroad Avenue
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 05:02|
|End of Day Share Price||2021/09/15 00:00|
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.