NYSE:UBA

Stock Analysis Report

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 83 properties containing approximately 5.3 million square feet of space.

Rewards

Trading at 26.6% below its fair value

Earnings are forecast to grow 15.84% per year

Earnings grew by 17.7% over the past year

Pays a reliable dividend of 4.49%

Risk Analysis

Dividend of 4.49% is not well covered by earnings



Snowflake Analysis

Proven track record 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.5%

UBA

-0.4%

US REITs

0.03%

US Market


1 Year Return

17.1%

UBA

12.2%

US REITs

18.6%

US Market

Return vs Industry: UBA exceeded the US REITs industry which returned 12.2% over the past year.

Return vs Market: UBA underperformed the US Market which returned 18.6% over the past year.


Shareholder returns

UBAIndustryMarket
7 Day0.5%-0.4%0.03%
30 Day2.0%1.2%1.7%
90 Day9.3%-0.3%5.7%
1 Year23.4%17.1%17.0%12.2%21.1%18.6%
3 Year23.2%5.6%35.2%18.3%45.6%36.2%
5 Year42.7%11.0%56.0%23.8%71.1%52.3%

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?

26.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UBA ($24.5) is trading below our estimate of fair value ($33.4)

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 (38.8x) compared to the REITs industry average (38.8x).

PE vs Market: UBA is poor value based on its PE Ratio (38.8x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: UBA is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: UBA is overvalued based on its PB Ratio (2.5x) compared to the US REITs industry average (2x).


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?

15.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UBA's forecast earnings growth (15.8% per year) is above the savings rate (1.7%).

Earnings vs Market: UBA's earnings (15.8% per year) are forecast to grow faster than the US market (14.2% per year).

High Growth Earnings: UBA's earnings are forecast to grow, but not significantly.

Revenue vs Market: UBA's revenue (1.9% per year) is forecast to grow slower than the US market (7.4% per year).

High Growth Revenue: UBA's revenue (1.9% 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?

-5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UBA has high quality earnings.

Growing Profit Margin: UBA's current net profit margins (17.5%) are higher than last year (15.2%).


Past Earnings Growth Analysis

Earnings Trend: UBA's earnings have declined by -5.8% per year over the past 5 years.

Accelerating Growth: UBA's earnings growth over the past year (17.7%) exceeds its 5-year average (-5.8% per year).

Earnings vs Industry: UBA earnings growth over the past year (17.7%) exceeded the REITs industry 8.3%.


Return on Equity

High ROE: UBA's Return on Equity (6.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Urstadt Biddle Properties's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: UBA has a high level of physical assets or inventory.

Debt Coverage by Assets: UBA's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: UBA's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if UBA has a sufficient allowance for bad loans.

Low Risk Liabilities: UBA reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if UBA has an acceptable proportion of non-loan assets held.

Low Risk Deposits: UBA has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if UBA has an appropriate level of bad loans.


Next Steps

Dividend

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

4.49%

Current Dividend Yield


Dividend Yield vs Market

company4.5%marketbottom25%1.4%markettop25%3.7%industryaverage3.7%forecastin3Years4.5%

Current dividend yield vs market & industry

Notable Dividend: UBA's dividend (4.49%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: UBA's dividend (4.49%) is in the top 25% of dividend payers in the US market (3.7%)


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 (102%), 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

What is the CEO of Urstadt Biddle Properties's salary, the management and board of directors tenure and is there insider trading?

6.2yrs

Average management tenure


CEO

Willing Biddle (58yo)

6.4yrs

Tenure

US$2,297,403

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 ($USD2.30M) is about average for companies of similar size in the US market ($USD2.63M).

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


Management Age and Tenure

6.2yrs

Average Tenure

50yo

Average Age

Experienced Management: UBA's management team is seasoned and experienced (6.2 years average tenure).


Board Age and Tenure

5.8yrs

Average Tenure

59yo

Average Age

Experienced Board: UBA's board of directors are considered experienced (5.8 years average tenure).


Insider Trading

Insider Buying: UBA insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$35,67021 Oct 19
Stephan Rapaglia
EntityIndividual
Role
Chief Operating Officer
Senior VP
Shares1,500
Max PriceUS$23.78
SellUS$123,36910 Oct 19
John Hayes
EntityIndividual
Role
Chief Financial Officer
Senior VP
Shares5,252
Max PriceUS$23.49
SellUS$38,86727 Mar 19
Stephan Rapaglia
EntityIndividual
Role
Chief Operating Officer
Senior VP
Shares1,874
Max PriceUS$20.74

Ownership Breakdown

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


Management Team

  • Willing Biddle (58yo)

    President

    • Tenure: 6.4yrs
    • Compensation: US$2.30m
  • John Hayes (52yo)

    Senior VP

    • Tenure: 11.4yrs
    • Compensation: US$591.25k
  • Jim Aries

    Senior VP & Director of Acquisitions

    • Tenure: 11.9yrs
  • Miyun Sung (43yo)

    Senior VP

    • Tenure: 3.2yrs
    • Compensation: US$455.89k
  • Linda Lacey

    Senior VP & Director of Leasing

    • Tenure: 12yrs
  • Stephan Rapaglia (48yo)

    Senior VP

    • Tenure: 5.9yrs
    • Compensation: US$591.25k
  • Diane Midollo

    VP & Controller

    • Tenure: 11.4yrs
  • Nicholas Capuano

    VP & Real Estate Counsel

    • Tenure: 5.9yrs
  • Andrew Albrecht

    VP and Director of Management & Construction

    • Tenure: 4.9yrs
  • Laura Santangelo

    Investor Relations Contact

    • Tenure: 2.9yrs

Board Members

  • Charles Urstadt (91yo)

    Chairman Emeritus

    • Tenure: 0.9yrs
    • Compensation: US$1.20m
  • Willing Biddle (58yo)

    President

    • Tenure: 6.4yrs
    • Compensation: US$2.30m
  • Charles Urstadt (59yo)

    Chairman of the Board

    • Tenure: 0.9yrs
    • Compensation: US$55.90k
  • Robert Mueller (77yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: US$75.04k
  • Kevin Bannon (66yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$74.94k
  • Noble Carpenter (58yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: US$63.74k
  • Rick Grellier (58yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$72.14k
  • Catherine Biddle (55yo)

    Director

    • Tenure: 6.8yrs
    • Compensation: US$55.90k
  • Bryan Colley (63yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$63.74k
  • Will Stephens

    Director

    • Tenure: 0.3yrs

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$883.413m
  • Shares outstanding: 38.25m
  • 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 CUM PFD KUSUSDSep 2019

Biography

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 83 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 Analysis2019/12/07 23:44
End of Day Share Price2019/12/06 00:00
Earnings2019/07/31
Annual Earnings2018/10/31


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.