Urstadt Biddle Properties Inc.

Financial performance has remained strong, with revenue growing from $35.48M in Q3 2022 to $35.07M in Q2 2023. Gross profit continued to perform well, with margins at 66% in the latest quarter. Operating income reached $12.57M in Q2 2023, holding a steady 36% margin. While R&D and SG&A expenses fluctuated, EBITDA remained robust at $20.70M. Net income dropped to $1.81M, keeping EPS at $0.05. With disciplined cost control and operational efficiency, the company supported consistent profitability, reflecting its ability to deliver stable shareholder value.