Urstadt Biddle Properties Inc (UBP)
Sector • Financial Industry • Real Estate Investment Trusts |
Industry • Real Estate Investment Trusts |
Sector • Financial |
The Real Estate Investment Trusts company announced a solid Top-line increase, over the November to January 31 2023 period
UBP recorded first quarter of 2023 operating profit of $14.165 millions
Published Mar 13 2023
CSIMarket Team / CSIMarket.com
Revenue in the November to January 31 2023 period increased by 7.712 % to $38.30 millions in relative to to $35.56 millions on a year-over-year basis, UBP posted earnings rise of 23.08 % to $0.16, as relative to at $0.13 in the prior year quarter.
In contrast to the Q4 Revenues increased by 6.192 % from $36.06 millions and income improved by 0.19 % from $0.16 per share.
Net earnings of $11.068 millions in the November to January 31 2023 period increased by 13.86 % from net earnings of $9.721 millions reported in the November to January 31 2023 period a year ago. Urstadt Biddle Properties Inc also emphasized it's improving profit margins, where net margin rose to 28.9% in November to January 31 2023 period, and operating margin edged up to 36.99%.
Operating earnings, on the other hand, improved just 11.54% to $14.165 millions.
Urstadt Biddle Properties Inc is expected to report next financial results on June 07, 2023.
In contrast to the Q4 Revenues increased by 6.192 % from $36.06 millions and income improved by 0.19 % from $0.16 per share.
Net earnings of $11.068 millions in the November to January 31 2023 period increased by 13.86 % from net earnings of $9.721 millions reported in the November to January 31 2023 period a year ago. Urstadt Biddle Properties Inc also emphasized it's improving profit margins, where net margin rose to 28.9% in November to January 31 2023 period, and operating margin edged up to 36.99%.
Operating earnings, on the other hand, improved just 11.54% to $14.165 millions.
Urstadt Biddle Properties Inc is expected to report next financial results on June 07, 2023.