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UBA Price Correlated With Financials For Urstadt Biddle Properties

Free historical financial statements for Urstadt Biddle Properties Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 44 quarters since 2012. Compare with UBA stock chart to see long term trends.

UBA Stock Compared to Quarterly

UBA Income Statement

Revenue, Net:36064000
Revenue Per Share:1.2233
Cost of Goods & Services Sold:6161000
Selling, General & Admin Expense:2261000
Total Operating Expenses:21991000
Operating Income:14073000
Net Income:11205000
Earnings Per Share, Basic:0.19
Shares Outstanding, Basic Avg:29481000

UBA Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:7439000
Net Cash from Operations:20446000
Net Cash from Operations Per Share:0.6935
Cash Dividends Paid:9225000
Net Cash from Financing Activities:-12563000
Net Cash from Investing Activities:-5087000
Net Change in Cash & Equivalents:2796000

UBA Balance Sheet

Cash and Cash Equivalents:14966000
Property, Plant & Equipment, Net:886868000
Total Assets:997326000
Long Term Debt, Non-Current Portion:302316000
Total Liabilities:361474000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Blackrock Inc.
4,669,176 sh
-67,513 sh
-1%
$72,419
-$4,315
Vanguard Group Inc
4,074,709 sh
-68,057 sh
-2%
$63,199
-$3,915
State Street Corp
1,149,296 sh
-8,574 sh
-1%
$18,099
-$929
Invesco Ltd.
999,739 sh
-22,757 sh
-2%
$15,506
-$1,058
Geode Capital Management, LLC
630,731 sh
-9,155 sh
-1%
$9,782
-$584
Lsv Asset Management
522,490 sh
-23,050 sh
-4%
$8,104
-$734
Pacific Heights Asset Management LLC
500,000 sh
 
$7,755
Morgan Stanley
463,525 sh
31,402 sh
7%
$7,189
$188
Bank Of New York Mellon Corp
438,480 sh
15,610 sh
4%
$6,801
-$49
Dimensional Fund Advisors LP
431,437 sh
-18,938 sh
-4%
$6,690
-$606
First Manhattan Co
358,065 sh
-3,600 sh
-1%
$5,553
-$305
Vanguard Group Inc
353,937 sh
46,533 sh
15%
$5,585
$258
Lpl Financial LLC
335,959 sh
-300 sh
0%
$5,211
-$1,114
Grace & White Inc /Ny
324,927 sh
132,400 sh
69%
$5,040
$1,419
Northern Trust Corp
324,695 sh
-6,156 sh
-2%
$5,035
-$1,188
Renaissance Technologies LLC
315,017 sh
-37,200 sh
-11%
$4,886
-$1,739
Nuveen Asset Management, LLC
314,996 sh
-30,545 sh
-9%
$4,886
-$712
JPMorgan Chase & Co
257,507 sh
-128,845 sh
-33%
$3,994
-$2,265
Aqr Capital Management LLC
245,474 sh
85,677 sh
54%
$3,807
$1,218
Charles Schwab Investment Management Inc
232,455 sh
6,704 sh
3%
$3,606
-$52
COMPANY PROFILE
(1) ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business

Urstadt Biddle Properties Inc. (“Company”), a Maryland Corporation, is a real estate investment trust ("REIT"), engaged in the acquisition, ownership and management of commercial real estate, primarily neighborhood and community shopping centers in the metropolitan tri-state area outside of the City of New York.  The Company's major tenants include supermarket chains and other retailers who sell basic necessities.  At April 30, 2022, the Company owned or had equity interests in 77 properties containing a total of 5.3 million square feet of Gross Leasable Area (“GLA”).

COVID-19 Pandemic

On March 11, 2020, the novel coronavirus disease (“COVID-19”) was declared a pandemic (“COVID-19 pandemic”) by the World Health Organization as the disease spread throughout the world.  During March 2020, measures to prevent the spread of COVID-19 were initiated, with federal, state and local government agencies issuing regulatory orders enforcing social distancing and limiting certain business operations and group gatherings in order to further prevent the spread of COVID-19.  While these regulatory orders vary by state and have changed over time, as of April 30, 2022 all of our tenants’ businesses are operating normally. We have seen foot traffic, retail activity and general business conditions for most of our tenants essentially return to pre-pandemic levels. The pandemic is still ongoing, however, with existing and new variants making the situation difficult to predict.

Principles of Consolidation and Use of Estimates

The accompanying consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries, and joint ventures in which the Company meets certain criteria in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810, “Consolidation”. The Company has determined that such joint ventures should be consolidated into the consolidated financial statements of the Company. In accordance with ASC Topic 970-323 “Real Estate-General-Equity Method and Joint Ventures,” joint ventures that the Company does not control but otherwise exercises significant influence over, are accounted for under the equity method of accounting. See Note 5 for further discussion of the unconsolidated joint ventures. All significant intercompany transactions and balances have been eliminated in consolidation.

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.  Results of operations for the three and six months ended April 30, 2022 are not necessarily indicative of the results that may be expected for the year ending October 31, 2022. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended October 31, 2021.

The preparation of financial statements requires management to make estimates and assumptions that affect the disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods covered by the financial statements. The most significant assumptions and estimates relate to the valuation of real estate, depreciable lives, revenue recognition, fair value estimates, and the collectability of tenant receivables and ot

Data imported from Urstadt Biddle Properties Inc SEC filings. Check original filings before making any investment decision.