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Urstadt Biddle Properties

NYSE:UBP
Snowflake Description

Established dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UBP
NYSE
$821M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 million square feet of space. The last earnings update was 73 days ago. More info.


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UBP Share Price and Events
7 Day Returns
-2.9%
NYSE:UBP
1.8%
US REITs
-0.7%
US Market
1 Year Returns
3.9%
NYSE:UBP
16.3%
US REITs
3%
US Market
UBP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Urstadt Biddle Properties (UBP) -2.9% 3.5% 3.5% 3.9% -5% 0.6%
US REITs 1.8% 2.4% 3.1% 16.3% 13.8% 26.4%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • UBP underperformed the REITs industry which returned 16.3% over the past year.
Price Volatility
UBP
Industry
5yr Volatility vs Market

UBP Value

 Is Urstadt Biddle Properties undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Urstadt Biddle Properties to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Urstadt Biddle Properties.

NYSE:UBP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:UBP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (41.25%))
0.802
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.802 * 5.96%)
7.51%

Discounted Cash Flow Calculation for NYSE:UBP using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Urstadt Biddle Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Urstadt Biddle Properties is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:UBP DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 7.51%)
2019 52.93 Analyst x2 49.23
2020 57.68 Analyst x2 49.91
2021 59.90 Est @ 3.85% 48.21
2022 62.01 Est @ 3.52% 46.42
2023 64.05 Est @ 3.28% 44.59
2024 66.04 Est @ 3.12% 42.77
2025 68.02 Est @ 3% 40.98
2026 70.01 Est @ 2.92% 39.23
2027 72.01 Est @ 2.86% 37.53
2028 74.04 Est @ 2.82% 35.90
Present value of next 10 years cash flows $434.78
NYSE:UBP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $74.04 × (1 + 2.73%) ÷ (7.51% – 2.73%)
$1,592.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,592.00 ÷ (1 + 7.51%)10
$771.85
NYSE:UBP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $434.78 + $771.85
$1,206.63
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,206.63 / 38.22
$25.87
NYSE:UBP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NYSE:UBP represents 0.77739x of NYSE:UBA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.77739x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 25.87 x 0.77739
$20.11
Value per share (USD) From above. $20.11
Current discount Discount to share price of $17.60
= -1 x ($17.60 - $20.11) / $20.11
12.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Urstadt Biddle Properties is available for.
Intrinsic value
12%
Share price is $17.6 vs Future cash flow value of $20.11
Current Discount Checks
For Urstadt Biddle Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Urstadt Biddle Properties's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Urstadt Biddle Properties's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Urstadt Biddle Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Urstadt Biddle Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:UBP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in USD $0.69
NYSE:UBA Share Price ** NYSE (2019-05-17) in USD $22.64
United States of America REITs Industry PE Ratio Median Figure of 156 Publicly-Listed REITs Companies 32.79x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Urstadt Biddle Properties.

NYSE:UBP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:UBA Share Price ÷ EPS (both in USD)

= 22.64 ÷ 0.69

32.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Urstadt Biddle Properties is overvalued based on earnings compared to the US REITs industry average.
  • Urstadt Biddle Properties is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Urstadt Biddle Properties's expected growth come at a high price?
Raw Data
NYSE:UBP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 32.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
8.5%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.4x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:UBP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 32.84x ÷ 8.5%

3.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Urstadt Biddle Properties is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Urstadt Biddle Properties's assets?
Raw Data
NYSE:UBP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in USD $10.01
NYSE:UBA Share Price * NYSE (2019-05-17) in USD $22.64
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:UBP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:UBA Share Price ÷ Book Value per Share (both in USD)

= 22.64 ÷ 10.01

2.26x

* Primary Listing of Urstadt Biddle Properties.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Urstadt Biddle Properties is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess Urstadt Biddle Properties's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Urstadt Biddle Properties has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

UBP Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Urstadt Biddle Properties expected to grow at an attractive rate?
  • Urstadt Biddle Properties's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Urstadt Biddle Properties's earnings growth is positive but not above the United States of America market average.
  • Urstadt Biddle Properties's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:UBP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:UBP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 8.5%
NYSE:UBP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.1%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:UBP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:UBP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-10-31 143 30 2
2019-10-31 140 27 2
NYSE:UBP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-31 135 73 26
2018-10-31 134 72 25
2018-07-31 134 70 20
2018-04-30 131 71 21
2018-01-31 127 64 35
2017-10-31 123 63 34
2017-07-31 122 65 40
2017-04-30 121 64 39
2017-01-31 120 64 20
2016-10-31 118 62 19
2016-07-31 114 60 37
2016-04-30 115 56 37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Urstadt Biddle Properties's earnings are expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).
  • Urstadt Biddle Properties's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:UBP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Urstadt Biddle Properties Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:UBP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-10-31 1.06 1.06 1.06 1.00
2019-10-31 1.01 1.01 1.01 1.00
NYSE:UBP Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-31 0.69
2018-10-31 0.67
2018-07-31 0.54
2018-04-30 0.55
2018-01-31 0.94
2017-10-31 0.90
2017-07-31 1.07
2017-04-30 1.07
2017-01-31 0.55
2016-10-31 0.55
2016-07-31 1.07
2016-04-30 1.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Urstadt Biddle Properties will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Urstadt Biddle Properties's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Urstadt Biddle Properties has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

UBP Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Urstadt Biddle Properties's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Urstadt Biddle Properties's year on year earnings growth rate has been positive over the past 5 years.
  • Urstadt Biddle Properties's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Urstadt Biddle Properties's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
Urstadt Biddle Properties's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Urstadt Biddle Properties Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:UBP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 134.88 26.15 10.71
2018-10-31 133.64 25.22 10.43
2018-07-31 134.04 20.42 10.49
2018-04-30 130.94 20.90 10.16
2018-01-31 127.18 35.41 10.20
2017-10-31 123.19 33.90 10.09
2017-07-31 122.07 40.32 10.12
2017-04-30 120.70 39.30 10.43
2017-01-31 119.96 19.97 10.60
2016-10-31 118.19 19.44 10.76
2016-07-31 114.14 36.68 10.90
2016-04-30 114.53 36.51 10.71
2016-01-31 115.64 35.42 10.24
2015-10-31 116.78 34.66 10.18
2015-07-31 115.38 37.68 9.83
2015-04-30 111.31 36.70 9.63
2015-01-31 107.25 35.91 9.65
2014-10-31 103.75 36.80 9.25
2014-07-31 101.64 13.46 9.22
2014-04-30 100.58 13.58 9.32
2014-01-31 97.57 13.41 9.31
2013-10-31 96.31 9.31 9.51
2013-07-31 94.25 6.83 9.14
2013-04-30 92.21 5.94 8.66
2013-01-31 91.05 6.64 8.30
2012-10-31 90.17 11.49 8.47
2012-07-31 89.17 14.08 7.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Urstadt Biddle Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Urstadt Biddle Properties used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Urstadt Biddle Properties has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Urstadt Biddle Properties's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Urstadt Biddle Properties has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

UBP Health

 How is Urstadt Biddle Properties's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Urstadt Biddle Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Urstadt Biddle Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Urstadt Biddle Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Urstadt Biddle Properties's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Urstadt Biddle Properties Company Filings, last reported 3 months ago.

NYSE:UBP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 651.10 338.59 17.14
2018-10-31 660.40 322.51 17.30
2018-07-31 665.44 320.95 17.14
2018-04-30 667.39 327.60 22.74
2018-01-31 665.99 301.55 9.71
2017-10-31 668.59 301.65 11.99
2017-07-31 682.20 289.55 21.44
2017-04-30 685.32 285.07 18.58
2017-01-31 615.62 295.21 8.10
2016-10-31 617.29 282.74 7.69
2016-07-31 607.95 277.12 6.12
2016-04-30 548.10 294.56 3.40
2016-01-31 551.26 290.45 3.17
2015-10-31 556.73 284.44 6.62
2015-07-31 544.14 325.08 6.58
2015-04-30 546.63 309.40 5.47
2015-01-31 550.66 307.99 4.89
2014-10-31 555.16 245.70 73.03
2014-07-31 459.39 216.55 3.39
2014-04-30 462.50 216.34 8.68
2014-01-31 466.59 206.65 7.17
2013-10-31 457.76 175.50 2.95
2013-07-31 460.66 171.29 3.32
2013-04-30 487.08 141.82 22.84
2013-01-31 489.48 142.52 25.44
2012-10-31 554.45 154.84 78.09
2012-07-31 402.99 173.19 4.95
  • Urstadt Biddle Properties's level of debt (52%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.3% vs 52% today).
  • Debt is well covered by operating cash flow (21.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Urstadt Biddle Properties's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Urstadt Biddle Properties has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

UBP Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.86%
Current annual income from Urstadt Biddle Properties dividends. Estimated to be 4.9% next year.
If you bought $2,000 of Urstadt Biddle Properties shares you are expected to receive $97 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Urstadt Biddle Properties's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Urstadt Biddle Properties's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:UBP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:UBP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-10-31 1.11 2.00
2019-10-31 1.11 2.00
NYSE:UBP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-21 1.100 5.128
2018-12-13 1.100 5.333
2018-09-05 1.080 5.276
2018-06-04 1.080 4.815
2018-03-22 1.080 5.345
2017-12-14 1.080 5.580
2017-09-06 1.060 4.761
2017-06-05 1.060 5.221
2017-03-22 1.060 5.361
2016-12-15 1.060 4.715
2016-09-07 1.040 4.724
2016-06-07 1.040 4.402
2016-03-24 1.040 4.978
2015-12-18 1.040 5.263
2015-09-03 1.020 5.254
2015-06-05 1.020 5.392
2015-03-25 1.020 4.824
2015-03-12 1.020 4.428
2015-03-11 1.020 4.567
2015-01-13 1.020 4.423
2014-12-12 1.020 4.574
2014-09-04 1.010 4.723
2014-06-05 1.010 4.832
2014-03-26 1.010 4.924
2013-12-13 1.010 5.280
2013-09-05 1.000 5.161
2013-06-06 1.000 4.839
2013-03-21 1.000 4.553
2012-12-14 1.000 4.926
2012-09-06 0.990 5.140
2012-06-05 0.990 5.118
2012-03-06 0.990 5.225
2011-12-15 0.990 5.287
2011-09-15 0.980 5.877
2011-06-07 0.980 5.614
2011-03-10 0.980 5.177
2010-12-16 0.980 5.111
2010-09-15 0.970 5.113
2010-06-08 0.970 5.556
2010-03-09 0.970 5.817
2009-12-17 0.970 6.372
2009-09-15 0.960 6.411
2009-06-04 0.960 6.394

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Urstadt Biddle Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Urstadt Biddle Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Urstadt Biddle Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Urstadt Biddle Properties has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

UBP Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Willing Biddle
COMPENSATION $2,297,403
AGE 57
TENURE AS CEO 5.8 years
CEO Bio

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 as a Co-Owner at Trust UW PTB Art 4.1. Previously, Mr. Biddle served as a Chief Operating Officer at the firm since December 1996 until June 2013, Executive Vice President from March 1996 to December 1996, Senior Vice President of Management from June 1995 to March 1996 and Vice President of Retail from April 1993 to June 1995. He has been a Director of Urstadt Biddle Properties Inc. since 1997. Mr. Biddle has experience in commercial real estate, real estate finance and leasing. Mr. Biddle served as an Advisory Director of the Putnam Trust Company from 2002 to 2008. Mr. Biddle served as a Director of Putnam Trust Company. He served as an officer of a privately held commercial real estate investment company in the New York area and an officer in the Commercial Real Estate department of Chase Manhattan Bank. He is a Certified Property Manager by IREM. Mr. Biddle is a Licensed Real Estate Broker, New York.

CEO Compensation
  • Willing's compensation has been consistent with company performance over the past year.
  • Willing's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Urstadt Biddle Properties management team in years:

5.6
Average Tenure
49
Average Age
  • The average tenure for the Urstadt Biddle Properties management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Willing Biddle

TITLE
President
COMPENSATION
$2M
AGE
57
TENURE
5.8 yrs

John Hayes

TITLE
Senior VP
COMPENSATION
$591K
AGE
51
TENURE
10.8 yrs

Stephan Rapaglia

TITLE
Senior VP
COMPENSATION
$591K
AGE
47
TENURE
5.3 yrs

Miyun Sung

TITLE
Senior VP
COMPENSATION
$456K
AGE
42
TENURE
2.6 yrs

Laura Santangelo

TITLE
Investor Relations Contact
TENURE
2.3 yrs

Jim Aries

TITLE
Senior VP & Director of Acquisitions
TENURE
11.3 yrs

Linda Lacey

TITLE
Senior VP & Director of Leasing
TENURE
11.4 yrs

Diane Midollo

TITLE
VP & Controller
TENURE
10.8 yrs

Nicholas Capuano

TITLE
VP & Real Estate Counsel
TENURE
5.3 yrs

Andrew Albrecht

TITLE
VP and Director of Management & Construction
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Urstadt Biddle Properties board of directors in years:

6.9
Average Tenure
60
Average Age
  • The tenure for the Urstadt Biddle Properties board of directors is about average.
Board of Directors

Charles Urstadt

TITLE
Chairman of the Board
COMPENSATION
$56K
AGE
58
TENURE
0.3 yrs

Willing Biddle

TITLE
President
COMPENSATION
$2M
AGE
57
TENURE
22.3 yrs

Charles Urstadt

TITLE
Chairman Emeritus
COMPENSATION
$1M
AGE
90
TENURE
0.3 yrs

Robert Mueller

TITLE
Director
COMPENSATION
$75K
AGE
76
TENURE
15.3 yrs

George H. Lawrence

TITLE
Director
COMPENSATION
$68K
AGE
80
TENURE
31.3 yrs

Kevin Bannon

TITLE
Director
COMPENSATION
$75K
AGE
65
TENURE
10.7 yrs

Rick Grellier

TITLE
Director
COMPENSATION
$72K
AGE
57
TENURE
7.7 yrs

Catherine Biddle

TITLE
Director
COMPENSATION
$56K
AGE
54
TENURE
6.2 yrs

Bryan Colley

TITLE
Independent Director
COMPENSATION
$64K
AGE
62
TENURE
4.3 yrs

Noble Carpenter

TITLE
Director
COMPENSATION
$64K
AGE
57
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. Dec 18 Sell Willing Biddle Individual 26. Dec 18 26. Dec 18 -41,600 $15.50 $-644,800
28. Dec 18 Buy Willing Biddle Individual 26. Dec 18 26. Dec 18 20,800 $15.50 $322,400
28. Dec 18 Buy Catherine Biddle Individual 26. Dec 18 26. Dec 18 20,800 $15.50 $322,400
X
Management checks
We assess Urstadt Biddle Properties's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Urstadt Biddle Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

UBP News

Simply Wall St News

UBP Company Info

Description

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 85 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 196 consecutive quarters of uninterrupted dividends to its shareholders since its inception and has raised total dividends to its shareholders for the last 25 consecutive years.

Details
Name: Urstadt Biddle Properties Inc.
UBP
Exchange: NYSE
Founded: 1969
$820,895,292
38,220,830
Website: http://www.ubproperties.com
Address: Urstadt Biddle Properties Inc.
321 Railroad Avenue,
Greenwich,
Connecticut, 06830,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE UBA Class A Shares New York Stock Exchange US USD 03. Aug 1998
NYSE UBP.PRH 6.25% CUM PFD H New York Stock Exchange US USD 14. Sep 2017
NYSE UBP.PRG PFD-G CV 6.75% New York Stock Exchange US USD 29. Oct 2014
NYSE UBP Common Stock New York Stock Exchange US USD 18. May 1970
DB WVI Common Stock Deutsche Boerse AG DE EUR 18. May 1970
Number of employees
Current staff
Staff numbers
69
Urstadt Biddle Properties employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:43
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/03/08
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.