Urstadt Biddle: Fiscal Q2 Earnings Snapshot
Urstadt Biddle Properties Inc. (UBA) on Wednesday reported a key measure of profitability in its fiscal second quarter
By AP News
Published - Jun 07, 2023, 04:28 PM ET
Last Updated - Apr 11, 2024, 08:56 AM EDT
GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — Urstadt Biddle Properties Inc. (UBA) on Wednesday reported a key measure of profitability in its fiscal second quarter.
The Greenwich, Connecticut-based real estate investment trust said it had funds from operations of $13.1 million, or 35 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $5.2 million, or 14 cents per share.
