Urstadt Biddle Properties
Market Cap
US$883.4m
Last Updated
2019/12/07 23:44 UTC
Data Sources
Company Financials +
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
Risk Analysis
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
| UBA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | -0.4% | 0.03% |
| 30 Day | 2.0% | 1.2% | 1.7% |
| 90 Day | 9.3% | -0.3% | 5.7% |
| 1 Year | 23.4%17.1% | 17.0%12.2% | 21.1%18.6% |
| 3 Year | 23.2%5.6% | 35.2%18.3% | 45.6%36.2% |
| 5 Year | 42.7%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
2 weeks ago | Simply Wall St
Does Urstadt Biddle Properties Inc. (NYSE:UBA) Create Value For Shareholders?1 month ago | Simply Wall St
Is Urstadt Biddle Properties Inc. (NYSE:UBA) A Smart Pick For Income Investors?1 month ago | Simply Wall St
This Insider Has Just Sold Shares In Urstadt Biddle Properties Inc. (NYSE:UBA)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
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
| Entity | Individual |
| Role | Chief Operating Officer Senior VP |
| Shares | 1,500 |
| Max Price | US$23.78 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP |
| Shares | 5,252 |
| Max Price | US$23.49 |
| Entity | Individual |
| Role | Chief Operating Officer Senior VP |
| Shares | 1,874 |
| Max Price | US$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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UBP | NYSE (New York Stock Exchange) | Common Stock | US | USD | May 1970 | |
| WVI | DB (Deutsche Boerse AG) | Common Stock | DE | EUR | May 1970 | |
| UBA | NYSE (New York Stock Exchange) | Yes | Class A Shares | US | USD | Aug 1998 |
| UBP.PRH | NYSE (New York Stock Exchange) | 6.25% CUM PFD H | US | USD | Sep 2017 | |
| UBP.PRK | NYSE (New York Stock Exchange) | 5.875 CUM PFD K | US | USD | Sep 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/07 23:44 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/07/31 |
| Annual Earnings | 2018/10/31 |
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.