Urstadt Biddle Properties Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york , aug. 17, 2023 /prnewswire/ -- dolby laboratories inc. (nyse:dlb) will replace staar surgical co. (nasd:staa) in the s&p midcap 400 and staar surgical will replace urstadt biddle properties inc. (nyse:uba) in the s&p smallcap 600 effective prior to the opening of trading on tuesday, august 22. s&p 500 constituent regency centers corp. (nasd: reg) will acquire urstadt biddle properties in a transaction expected to close soon pending final closing conditions.

New orleans--(business wire)--former attorney general of louisiana charles c. foti, jr., esq. and the law firm of kahn swick & foti, llc (“ksf”) are investigating the proposed sale of urstadt biddle properties inc. (nyse: uba, ubp) to regency centers corporation (nasdaq: reg). under the terms of the proposed transaction, shareholders of urstadt biddle's class a common (uba) and common (ubp) will receive 0.347 of a newly-issued regency share for each uba or ubp share they own. upon closing,.

Greenwich, conn.--(business wire)--at their regular meeting on thursday, the board of directors of urstadt biddle properties inc. (nyse: uba and ubp) declared quarterly dividends on the company’s class a common stock and common stock. the dividends were declared in the amounts of $0.23 for each share of class a common stock and $0.207 for each share of common stock. the dividends are payable october 15, 2021 to stockholders of record on october 1, 2021. see the company’s earnings press release, issued september 8, 2021, for a more detailed discussion of these dividends. the dividends represent the 207th consecutive quarterly dividend on common shares declared since the company began operating in 1969...

Greenwich, conn.--(business wire)--at their regular meeting yesterday, the board of directors of urstadt biddle properties inc. (nyse: uba and ubp) declared quarterly dividends on the company’s class a common stock and common stock. the dividends were declared in the amounts of $0.14 for each share of class a common stock and $0.125 for each share of common stock. the dividends are payable april 16, 2021 to stockholders of record on april 1, 2021. see the company’s earnings press release, issued march 11, 2021, for a more detailed discussion of these dividends. the dividends represent the 205th consecutive quarterly dividend on common shares declared since the company began operating in 1969...

Greenwich, conn.--(business wire)---- $uba #reit--urstadt biddle properties inc. (nyse: uba and ubp), a real estate investment trust, today reported its operating results for the first quarter ended january 31, 2021 and provided information regarding financial and operational activities considering the ongoing covid-19 pandemic. the following are statistics about our portfolio that are useful in assessing the impact of covid-19 on our business: covid-19 update (as of january 31, 2021) of our 81 properties, 67

Retail REITs have been undervalued due to past weaknesses, but the environment has changed in favor of retail real estate. Negative net supply growth and increasing retail sales create a significant runway for rental rate growth. Within the sector, we identify individual REITs with superior growth potential, superior locations, and superior management.

Urstadt Biddle Properties (UBA) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to FFO of $0.37 per share a year ago.

My grandmother often told me about her life as a child and the adversity that her parents faced growing up on a small family farm in rural South Carolina. My great grandparents witnessed the crippling of the banking system as panicky depositors withdrew cash, and of course, unemployment soared. I can only imagine what life would have been like during the Great Depression, a period in which real estate values were in a tailspin.

Regency Centers is a strong REIT which focuses on grocery-anchored properties. The company is doing just fine on an operational basis, and announced the purchase of Urstadt Biddle in a deal set to grow the portfolio by about 10%.

The merger looks good to me. REG is closer to fair value than the deeply discounted UBA which makes a stock for stock deal immediately accretive.

I cover some of the details of the stock-for-stock acquisition of Urstadt Biddle Properties by Regency Centers. The combined REIT will continue to be a blue-chip retail real estate operator with high-quality assets and a strong balance sheet.

Regency Centers Corp. REG, +3.09% said Thursday it has agreed to acquire Urstadt Biddle Properties Inc. UBA, +2.42% UBP, +2.25% in an all-stock deal valued at $1.4 billion. Under the terms of the deal, Regency, a REIT that develops shopping centers, will pay 0.347 of a newly issued share for each UBA or UBP share owned, equal to about $20.40 a share based on Regency's closing price on May 17.

Spreads often are the source of opportunity. When a spread is wider or narrower than its natural state, it may be a good time to buy or sell, respectively.

Urstadt Biddle is often overlooked due to its small size and lack of communication. Its portfolio is well located in low-supply submarkets.

Urstadt Biddle (UBA) delivered FFO and revenue surprises of 16.67% and 3.79%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?