Urstadt: Fiscal Q2 Earnings Snapshot
GREENWICH, Conn. (AP) _ Urstadt Biddle Properties Inc. (UBP) on Wednesday reported a key measure of profitability in its fiscal second quarter.
The Greenwich, Connecticut-based real estate investment trust said it had funds from operations of $14.3 million, or 37 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 $7.1 million, or 18 cents per share.
The real estate investment trust, based in Greenwich, Connecticut, posted revenue of $36 million in the period.