Urstadt Biddle Properties, Inc. (NYSE:UBA) has announced the financial results for the fourth quarter of 2009. The company’s diluted funds from operations were noted at $6,958,000, or $0.25 per Common share and $0.28 per Class A Common share. The company reported $6,894,000, or $0.25 per Common share and $0.28 per Class A Common share during the fourth quarter of 2008.
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The company’s net income was shown at the amount of $3,157,000 or $0.11 per diluted Common share and $0.13 per diluted Class A Common share. The previous year during the same period earned $3,222,000 or $0.12 per diluted Common share and $0.13 per diluted Class AQ Common share. A full report of the earnings may be found on the company’s website, http://www.ubproperties.com/.
Urstadt Biddle Properties Inc. is a real estate investment trust engaged in the acquisition, ownership and management of commercial real estate. The Company's sole business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on properties in the northeastern part of the United States with a concentration in Fairfield County, Connecticut, Westchester and Putnam Counties, New York and Bergen County, New Jersey. Its core properties consist principally of neighborhood and community shopping centers and five office buildings. The remaining properties consist of two industrial properties. In April 2008, it acquired a 60% interest in UB Ironbound, LP.
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