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Urstadt Biddle Properties Inc.
UBP-PK•NYSE
Real Estate
REIT - Retail
$21.39
$-0.40(-1.84%)

Over the last four quarters, Urstadt Biddle Properties Inc. achieved steady financial progress, growing revenue from $35.48M in Q3 2022 to $35.07M in Q2 2023. Gross profit stayed firm with margins at 66% in Q2 2023 versus 68% in Q3 2022. Operating income totaled $12.57M in Q2 2023, maintaining a 36% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $20.70M. Net income dropped to $1.81M, with EPS at $0.05. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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