Last $22.57 USD
Change Today -0.01 / -0.04%
Volume 64.9K
As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

urstadt biddle - class a (UBA) Snapshot

Open
$22.64
Previous Close
$22.58
Day High
$22.76
Day Low
$22.41
52 Week High
01/29/15 - $24.30
52 Week Low
10/2/14 - $19.82
Market Cap
774.0M
Average Volume 10 Days
54.7K
EPS TTM
$1.15
Shares Outstanding
26.6M
EX-Date
12/31/14
P/E TM
19.7x
Dividend
$1.02
Dividend Yield
4.49%
Current Stock Chart for URSTADT BIDDLE - CLASS A (UBA)

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urstadt biddle - class a (UBA) Details

Urstadt Biddle Properties Inc. is a real estate investment trust. The firm invests in the real estate markets of the United States. It engages in the ownership, operation, and redevelopment of high quality retail shopping centers predominantly located in the suburban, high demographic, high barrier to entry communities surrounding New York City. The firm was formally known as HRE Properties Inc. Urstadt Biddle Properties Inc. was founded in 1969 and is based in Greenwich, Connecticut.

42 Employees
Last Reported Date: 01/13/15
Founded in 1969

urstadt biddle - class a (UBA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $358.9K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $234.3K
Chief Operating Officer, Senior Vice Presiden...
Total Annual Compensation: $236.8K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $232.8K
Compensation as of Fiscal Year 2014.

urstadt biddle - class a (UBA) Key Developments

Urstadt Biddle Properties Inc. Announces Amendment to Bylaws and Charter

On December 11, 2014, the Board of Directors of Urstadt Biddle Properties Inc. adopted an amendment to Article X of the company's Bylaws, which became effective immediately. The Amendment designates the Circuit Court for Baltimore City, Maryland as the sole and exclusive forum for any derivative action brought on behalf of the company, any action concerning the fiduciary duties of the company's officers and directors, any action asserting a claim arising pursuant to any provision of the Maryland General Corporation Law, or any action asserting a claim involving the Company's internal affairs. On December 12, 2014, the company amended its Charter by filing Articles Supplementary to reclassify several series of preferred stock, which the Company previously had repurchased or redeemed, as authorized but unissued preferred stock, without designation of a class or series.

Urstadt Biddle Properties Inc. Acquires Four Shopping Centers Totaling Approximately 375,000 Square Feet in the Affluent New Jersey Counties of Bergen, Passaic and Morris

Urstadt Biddle Properties Inc. announced that it has acquired four shopping centers totaling approximately 375,000 square feet in the affluent New Jersey counties of Bergen, Passaic and Morris. The seller of all four properties is a prominent New Jersey commercial real estate owner and developer. The first property is the 130,000 square foot Midland Park Shopping Center located in Midland Park, New Jersey (Bergen County). The property is anchored by a 29,550 square foot Kings Supermarket, which has been a tenant since 1999. Other tenants in the center include CVS, Petco, Starbucks and Hudson City Savings Bank. The property is currently 100% leased and is a fixture in the community. The property embodies all of the characteristics that UBP seeks in a grocery-anchored shopping center. The second property is the 125,000 square foot Pompton Lakes Town Square shopping center located in Pompton Lakes, New Jersey (Passaic County). The property is anchored by a 63,000 square foot A&P supermarket, which has been in place since 2001. Other tenants include Starbucks, TD Bank, Wendy's, Planet Fitness, Pet Valu and Hallmark. The property was built in 2001, is currently 92% leased, and benefits from excellent proximity to Route 287 and County Road 511. The third property is the 43,000 square foot Cedar Hill Shopping Center located in Wyckoff, New Jersey (Bergen County). The property is anchored by a 15,960 square foot Walgreens. Other tenants include Chase Bank, Subway, Dunkin Donuts, Supercuts and other service-oriented tenants. The property was built in 1971, is currently 95% leased, and benefits from multiple means of access along busy Cedar Hill Avenue and is adjacent to the heavily traveled Route 208, which leads to Interstate 287. The fourth property is the 77,000 square foot Meadtown Shopping Center located in Kinnelon, New Jersey (Morris County). The property is anchored by Petco and Rite Aid Pharmacy. Other tenants include Hallmark, as well as multiple restaurants and service-oriented tenants. The property was built in 1961, is currently 92% leased, and is well-located at the intersection of Route 23 and Kinnelon Road. UBP is currently continuing negotiations begun by the seller of the property with a well-known national retailer to fill the remaining vacancies at the property.

Urstadt Biddle Properties Inc. Announces Unaudited Earnings Results Fourth Quarter and Full Year Ended October 31, 2014

Urstadt Biddle Properties Inc. announced unaudited earnings results fourth quarter and full year ended October 31, 2014. For the quarter. the company reported total revenues of $26.226 million against $24.321 million a year ago. Operating income was $10.209 million against $9.266 million a year ago. Income from continuing operations before discontinued operations was $32.494 million or $0.77 per diluted share against $7.278 million or $0.11 per diluted share a year ago. Net income attributable to the company was $32.342 million or $0.77 per diluted share against $7.445 million or $0.12 per diluted share a year ago. Net income applicable to common and class A common stockholders was $27.019 million or $0.87 per diluted share against $3.992 million or $0.13 per diluted share a year ago. Income from continuing operations per class A common share was $0.87 against $0.12 a year ago. Funds from operations applicable to common and class A common stockholders was $8.049 million against $9.101 million a year ago. Funds from operations per diluted share was $0.23 against $0.26 a year ago. Funds from operations per class A common share was $0.26 against $0.29 a year ago. For the year, the company reported total revenues of $102.328 million against $95.203 million a year ago. Operating income was $37.243 million against $34.076 million a year ago. Income from continuing operations before discontinued operations was $53.091 million or $1.06 per diluted share against $29.105 million or $0.27 per diluted share a year ago. Net income attributable to the company was $65.151 million or $1.42 per diluted share against $29.795 million or $0.31 per diluted share a year ago. Net income applicable to common and class A common stockholders was $49.469 million or $1.59 per diluted share against $10.613 million or $0.34 per diluted share a year ago. Income from continuing operations per class A common share was $1.19 against $0.30 a year ago. Funds from operations applicable to common and class A common stockholders was $33.032 million against $29.506 million a year ago. Funds from operations per diluted share was $0.95 against $0.86 a year ago. Funds from operations per class A common share was $1.06 against $0.95 a year ago. Net income applicable to Class A Common and Common stockholders for the fiscal year ended October 31. 2014. includes a $36.9 million gain on sale of properties and a preferred stock redemption charge of $1.87 million related to the announced redemption of the Company’s Series D Cumulative Preferred Stock.

 

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