Urstadt Biddle Properties Inc (UBP) Earnings Report, Financial Results, Financial analysis

Urstadt Biddle Properties Inc reported in the second quarter of 2023 net earnings per share of $0.12 a decrease by -29.41 % year on year from $0.17 and decline of -25 % from $0.16 earned in I. Quarter (Jan 31 2023).

*second quarter of 2023*
Earnings Per Share	Revenues
$ 0.12	$ 35 Mill
$-0.05 -29.41 %	$-1M -2.58 %

Urstadt Biddle Properties Inc's Revenue fell by -2.58 % in second quarter of 2023 (Apr 30 2023) year on year, to $35 million and declined by -8.42 % sequentially.

Urstadt Biddle Properties Inc is

More on UBP's Income Statement

UBP's NET INCOME

Urstadt Biddle Properties Inc 's net income of $9.449 million in the second quarter of 2023 decreased by -17.29 % from net earnings of $11.424 million achieved in II. Quarter a year ago.

Sequentially net earnings fell by -14.63 % from net income of $11.068 million realized in previous quarter.

More on UBP's Growth

Urstadt Biddle Properties Inc Inventories
In Apr 30 2023 company's net cash and cash equivalents decreased by $-1 million, capital expenditures grew by -35.904-81.76%, to $-7 millions compare to same quarter a year ago

More on UBP's Cash flow Statement

Earnings quality

Urstadt Biddle Properties Inc payed out dividend of $0.88 per share in last 52 weeks representing 149.15 % of net earning per share in trailing twelve-month period.

During the same period Urstadt Biddle Properties Inc earned $ 1.84 cash per share, on a free-cash flow basis 311.3 % of net earning per share.

Book value fell by -2.34 % sequentially to $12.95 per share.
Tangible Book value fell to $ 10.41 per share from $ 10.68.

Company issued 0.80 million shares or 1.89 % in Apr 30 2023.
Interest Coverage Ratio was 3. Debt Coverage Ratio was 0.14.

• More on UBP's Dividends

Market Capitalization (Millions)	919
Shares Outstanding (Millions)	43
Total Debt (Millions $)	299
Revenue (TTM) (Millions $)	145
Net Income (TTM) (Millions $)	43
Cash Flow (TTM) (Millions $)	-2
Capital Exp. (TTM) (Millions $)	-24
Dividend TTM ($)	0.88 $
Dividend Yield TTM (%)	4.24 %
Employees (TTM) $	27

Earnings quality

Urstadt Biddle Properties Inc payed out dividend of $0.88 per share in the last 52 weeks representing 149.15 % of net earning per share in trailing twelve-month period.

During the same period Urstadt Biddle Properties Inc had $ 1.84 cash flow per share, on a free-cash flow basis 311.3 % of net earning per share.

Book value fell by -2.34 % sequentially to $12.95 per share.
Tangible Book value fell to $ 10.41 per share from $ 10.68.

Company issued 0.80 million shares or 1.89 % in Apr 30 2023.
Interest Coverage Ratio was 3. Debt Coverage Ratio was 0.14.

• More on UBP's Balance Sheets

Market Capitalization (Millions)	919
Shares Outstanding (Millions)	43
Total Debt (Millions $)	299
Revenue (TTM) (Millions $)	145
Net Income (TTM) (Millions $)	43
Cash Flow (TTM) (Millions $)	-2
Capital Exp. (TTM) (Millions $)	-24
Dividend TTM ($)	0.88 $
Dividend Yield TTM (%)	4.24 %
Employees (TTM) $	27

Urstadt Biddle Properties Inc

UBP's Financial Statements and Analysis

News about Urstadt Biddle Properties Inc Earnings

Urstadt Biddle Properties Inc Reports Dismal Q2 2023 Results; Significant Earnings Contraction and Revenue Decrease