Urstadt Biddle's Growing 5.2%-Yielding Dividend Is Attractive [Seeking Alpha]
Urstadt Biddle Properties Inc. (UBP)
US:NYSE Investor Relations:
ubproperties.com
Company Research
Source: Seeking Alpha
Urstadt Biddle's Growing 5.2%-Yielding Dividend Is Attractive Summary Urstadt Biddle Properties delivered an in-line quarter with slight growth in its adjusted FFO year over year. Its retail portfolio should be more resilient to the rise of e-commerce than many other retail REITs as its tenants are mostly grocery stores and services-oriented. The REIT is well located in markets with higher average household incomes than the national average. The company pays a growing 5.2%-yielding dividend. Investment Thesis Urstadt Biddle Properties ( UBA Recent Developments: Q2 2019 Financial Highlights UBA delivered an okay Q2 2019. The company saw its consolidated occupancy ratio decline by 1 percentage point to 90.7% in Q2 2019 from 91.7% in the end of 2018. The decline in its occupancy rate was predominantly due to the company's purchase of a shopping center located in Brewster, NY, in December 2018. The company's funds from operations declined to $0.31 per diluted common share in Q2 2019 from
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