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Urstadt Biddle Properties Inc  (UBA)
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EARNINGS REPORT by CSIMarket

Decline in Earnings while Sales Grew


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Urstadt Biddle Properties Inc announced third quarter 2018 operating surplus of $12.632 millions



Sales growth of 2.93 %, could not prevent income contraction of -7.14 % in the third quarter 2018, compare to same quarter a year ago. Sales were at $33 millions and eps at $0.13.

In comparison to previous quarter profit plummeted by -43.48 % from $0.23 per share and Sales deteriorated by -11.34 % from $37 millions.

Net income of $10 millions in the third quarter 2018 fell by -7.85 % from $11 millions in the corresponding period a year before. Urstadt Biddle Properties Inc shifted it's focus on improving sales in the third quarter 2018, as a result net margin eased to 29.81%.
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