Urstadt: Fiscal Q1 Earnings Snapshot
Urstadt Biddle Properties Inc. (UBP) on Friday reported a key measure of profitability in its fiscal first quarter
By AP News
Published - Mar 10, 2023, 04:30 PM ET
Last Updated - Jun 20, 2024, 12:34 AM EDT
GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — Urstadt Biddle Properties Inc. (UBP) on Friday reported a key measure of profitability in its fiscal first quarter.
The Greenwich, Connecticut-based real estate investment trust said it had funds from operations of $15.6 million, or 42 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 $6.8 million, or 18 cents per share.
