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.


Snowflake Analysis

Adequate balance sheet average 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

21.5%

UBA

4.6%

US REITs

2.9%

US Market


1 Year Return

-28.8%

UBA

-7.2%

US REITs

8.9%

US Market

Return vs Industry: UBA underperformed the US REITs industry which returned -7.4% over the past year.

Return vs Market: UBA underperformed the US Market which returned 9.2% over the past year.


Shareholder returns

UBAIndustryMarket
7 Day21.5%4.6%2.9%
30 Day23.6%11.3%10.6%
90 Day-24.9%-9.8%5.1%
1 Year-24.5%-28.8%-3.3%-7.2%11.4%8.9%
3 Year-5.4%-19.6%16.7%2.3%34.3%25.4%
5 Year3.9%-20.1%47.8%17.6%60.7%42.7%

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?

33.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UBA ($15.5) is trading below our estimate of fair value ($23.4)

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 (27.8x) compared to the REITs industry average (28.9x).

PE vs Market: UBA is poor value based on its PE Ratio (27.8x) compared to the US market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: UBA is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: UBA is overvalued based on its PB Ratio (1.7x) compared to the US REITs industry average (1.4x).


Next Steps

Future Growth

How is Urstadt Biddle Properties forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

21.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UBA's forecast earnings growth (21.9% per year) is above the savings rate (2.2%).

Earnings vs Market: UBA's earnings (21.9% per year) are forecast to grow slower than the US market (22.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: UBA's revenue (1.6% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: UBA's revenue (1.6% 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


Next Steps

Past Performance

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

-10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UBA has high quality earnings.

Growing Profit Margin: UBA's current net profit margins (15.4%) are lower than last year (19.4%).


Past Earnings Growth Analysis

Earnings Trend: UBA's earnings have declined by -10.8% 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 (-18.4%) over the past year, making it difficult to compare to the REITs industry average (5.2%).


Return on Equity

High ROE: UBA's Return on Equity (6.3%) 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 ($58.2M) exceed its short term liabilities ($14.0M).

Long Term Liabilities: UBA's short term assets ($58.2M) do not cover its long term liabilities ($329.2M).


Debt to Equity History and Analysis

Debt Level: UBA's debt to equity ratio (48%) is considered high.

Reducing Debt: UBA's debt to equity ratio has reduced from 55.9% to 48% over the past 5 years.

Debt Coverage: UBA's debt is well covered by operating cash flow (23.8%).

Interest Coverage: UBA's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


Next Steps

Dividend

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

7.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UBA's dividend (7.23%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: UBA's dividend (7.23%) is in the top 25% of dividend payers in the US market (4.39%)


Stability and Growth of Payments

Stable Dividend: UBA's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (110.2%), 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?

6.7yrs

Average management tenure


CEO

Willing Biddle (58yo)

6.92yrs

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 ($USD2.09M) is about average for companies of similar size in the US market ($USD2.17M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Willing Biddle
President6.92yrsUS$2.09m7.4% $42.9m
John Hayes
Senior VP11.92yrsUS$575.68k0.19% $1.1m
Stephan Rapaglia
Senior VP6.42yrsUS$575.68k0.24% $1.4m
Miyun Sung
Senior VP3.67yrsUS$462.53k0.091% $527.4k
Laura Santangelo
Investor Relations Contact3.42yrsno datano data
James Aries
Senior VP & Director of Acquisitions12.42yrsno datano data
Linda Lacey
Senior VP & Director of Leasing12.5yrsno datano data
Diane Midollo
VP & Controller11.92yrsno datano data
Nicholas Capuano
VP & Real Estate Counsel6.42yrsno datano data
Andrew Albrecht
VP and Director of Management & Construction5.42yrsno datano data

6.7yrs

Average Tenure

50yo

Average Age

Experienced Management: UBA's management team is seasoned and experienced (6.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Willing Biddle
President6.92yrsUS$2.09m7.4% $42.9m
Charles Urstadt
Chairman of the Board1.42yrsUS$294.63k0.12% $689.0k
Robert Mueller
Independent Director16.33yrsUS$82.18k0.12% $717.2k
Kevin Bannon
Independent Director11.75yrsUS$79.78k0.10% $603.5k
Noble Carpenter
Independent Director3.5yrsUS$68.18k0.012% $69.3k
Richard Grellier
Independent Director8.75yrsUS$76.98k0.032% $183.5k
Catherine Biddle
Director7.25yrsUS$56.47k1.1% $6.4m
Bryan Colley
Independent Director5.42yrsUS$68.18k0.013% $75.3k
Willis Stephens
Independent Director0.75yrno data0.0064% $37.2k

7.3yrs

Average Tenure

59yo

Average Age

Experienced Board: UBA's board of directors are considered experienced (7.3 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$579.589m
  • Shares outstanding: 38.46m
  • 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
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. 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 200 consecutive quarters of uninterrupted dividends to its shareholders since its inception and has raised total dividends to its shareholders for the last 26 consecutive years. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 12:19
End of Day Share Price2020/06/04 00:00
Earnings2020/01/31
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.