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Urstadt Biddle Properties Inc  (UBP)
 

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


pexels-photo-443383Revenue 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.



Urstadt Biddle Properties Inc's Dividend Pay out

Urstadt Biddle Properties Inc's Revenue Growth



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