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UBA

Urstadt Biddle PropertiesNYSE:UBA Stock Report

Market Cap

US$741.8m

7D

2.4%

1Y

112.0%

Updated

27 Sep, 2021

Data

Company Financials +
UBA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends3/6

UBA Overview

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

Summary of all time highs, changes and price drops for Urstadt Biddle Properties
Historical stock prices
Current Share PriceUS$19.55
52 Week HighUS$8.89
52 Week LowUS$19.97
Beta1.08
1 Month Change2.30%
3 Month Change0.93%
1 Year Change112.04%
3 Year Change-7.35%
5 Year Change-11.02%
Change since IPO123.43%

Recent News & Updates

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.

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.

Jun 10

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.

Shareholder Returns

UBAUS REITsUS Market
7D2.4%-1.8%2.0%
1Y112.0%29.8%32.8%

Return vs Industry: UBA exceeded the US REITs industry which returned 29.8% over the past year.

Return vs Market: UBA exceeded the US Market which returned 32.8% over the past year.

Price Volatility

Is UBA's price volatile compared to industry and market?
UBA volatility
UBA Beta1.08
Industry Beta0.84
Market Beta1

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

FoundedEmployeesCEOWebsite
196995Wing Biddlehttps://www.ubproperties.com

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.

Urstadt Biddle Properties Fundamentals Summary

How do Urstadt Biddle Properties's earnings and revenue compare to its market cap?
UBA fundamental statistics
Market CapUS$741.78m
Earnings (TTM)US$26.56m
Revenue (TTM)US$134.10m

28.6x

P/E Ratio

5.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UBA income statement (TTM)
RevenueUS$134.10m
Cost of RevenueUS$45.82m
Gross ProfitUS$88.28m
ExpensesUS$61.72m
EarningsUS$26.56m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.68
Gross Margin65.83%
Net Profit Margin19.81%
Debt/Equity Ratio48.1%

How did UBA perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

77%

Payout Ratio

Does UBA pay a reliable dividends?

See UBA dividend history and benchmarks
When do you need to buy UBA by to receive an upcoming dividend?
Urstadt Biddle Properties dividend dates
Ex Dividend DateSep 30 2021
Dividend Pay DateOct 15 2021
Days until Ex dividend1 day
Days until Dividend pay date16 days

Does UBA pay a reliable dividends?

See UBA dividend history and benchmarks

Valuation

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

23.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UBA ($19.55) is trading below our estimate of fair value ($25.54)

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 (28.6x) compared to the US REITs industry average (49.9x).

PE vs Market: UBA is poor value based on its PE Ratio (28.6x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: UBA is poor value based on its PEG Ratio (34.2x)


Price to Book Ratio

PB vs Industry: UBA is overvalued based on its PB Ratio (2.2x) compared to the US REITs industry average (2x).


Future Growth

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

0.8%

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 (15% 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 (9.8% 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


Past Performance

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

-17.6%

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.


Financial Health

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).


Balance Sheet


Dividend

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

3.79%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 28 2021Ex Dividend DateSep 30 2021Dividend Pay DateOct 15 202115 days from Ex DividendBuy in the next 1 day to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: UBA's dividend (3.79%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: UBA's dividend (3.79%) is in the top 25% of dividend payers in the US market (3.57%)


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.


Next Steps

Management

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

8.2yrs

Average management tenure


CEO

Wing Biddle (60 yo)

8.17yrs

Tenure

US$2,543,596

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: Wing's total compensation ($USD2.54M) is about average for companies of similar size in the US market ($USD2.28M).

Compensation vs Earnings: Wing's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: UBA's management team is seasoned and experienced (8.2 years average tenure).


Board Members

Experienced Board: UBA's board of directors are considered experienced (8.5 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

Urstadt Biddle Properties Inc.'s 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$741.784m
  • Shares outstanding: 38.79m
  • Website: https://www.ubproperties.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 22:55
End of Day Share Price2021/09/27 00:00
Earnings2021/07/31
Annual Earnings2020/10/31


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.