Urstadt: Fiscal Q1 Earnings Snapshot
GREENWICH, Conn. (AP) _ Urstadt Biddle Properties Inc. (UBP) on Friday reported a key measure of profitability in its fiscal first quarter.
The real estate investment trust, based in Greenwich, Connecticut, said it had funds from operations of $12.9 million, or 33 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $5.4 million, or 14 cents per share.
The real estate investment trust, based in Greenwich, Connecticut, posted revenue of $35.6 million in the period.