Urstadt Biddle Properties Q2 FFO $0.35 Up From $0.33 YoY, Sales $35.07M Down From $36.00M YoY
Portfolio Pulse from Happy Mohamed
Urstadt Biddle Properties (NYSE:UBA) reported Q2 earnings of $0.35 per share, a 6.06% increase YoY, while sales decreased by 2.58% to $35.07 million compared to $36 million last year.
June 07, 2023 | 8:23 pm
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NEUTRAL IMPACT
Urstadt Biddle Properties' Q2 earnings increased by 6.06% YoY to $0.35 per share, while sales decreased by 2.58% to $35.07 million.
Urstadt Biddle Properties reported mixed Q2 results with an increase in earnings but a decrease in sales. The 6.06% YoY increase in earnings may be seen as a positive sign, while the 2.58% decrease in sales may raise concerns. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100