What is Urstadt Biddle Properties Probability of Financial Distress (%)?
Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, Urstadt Biddle Properties's Probability of Financial Distress (%) is 0.02%.
Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.
Competitive Comparison of Urstadt Biddle Properties's Probability of Financial Distress (%)
For the REIT - Retail subindustry, Urstadt Biddle Properties's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Urstadt Biddle Properties's Probability of Financial Distress (%) Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Urstadt Biddle Properties's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Urstadt Biddle Properties's Probability of Financial Distress (%) falls into.
Urstadt Biddle Properties Probability of Financial Distress (%) Calculation
Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.
The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:
| LPFD | = | -20.12 * NIMTAAVG | + | 1.60 * TLMTA | - | 7.88 * EXRETAVG | + | 1.55 * SIGMA | - | 0.005 * RSIZE | - | 2.27 * CASHMTA | + | 0.070 * MB | - | 0.09 * PRICE | - | 8.87 |
| = | -8.49 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.02% |
The eight explanatory variables are:
1. NIMTAAVG = Net Income to Market Total Assets
*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.
2. TLMTA = Total liabilities to Market Total Assets
3. CASHMTA = Cash to Market Total Assets
For non-financial companies, CASHMTA is measured as:
4. EXRETAVG = Excess Return compared to the S&P 500
EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.
5. SIGMA = Standard Deviation of Daily Returns
For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).
6. RSIZE = Relative Size
| RSIZE | = | log (Market Cap | / | Total Market Cap of S&P 500 companies) |
7. MB = Market to Adjusted Book Equity Ratio
8. PRICE
PRICE is measured as the log of the stock price, capped at log(15).
Urstadt Biddle Properties (Urstadt Biddle Properties) Business Description
Traded in Other Exchanges
N/A
Address
321 Railroad Avenue, Greenwich, CT, USA, 06830
Urstadt Biddle Properties Inc is a real estate investment trust. It is engaged in acquisition, ownership, and management of the commercial real estate. The company's business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on neighborhood and community shopping centers in the metropolitan New York tri-state area outside of the City of New York. The company's operating segment is one of its property, Ridgeway, located in Stamford, Connecticut, US.
Executives
| Bryan O. Colley |
director |
83 NORTH SALEM ROAD, CROSS RIVER NY 10518 |
| Kevin J Bannon |
director |
62 CROTON AVENUE, MOUNT KISCO NY 10549 |
| Elinor F Urstadt |
10 percent owner |
6 BEECHWOOD ROAD, BRONXVILLE NY 10708 |
| Estate Of Urstadt, Charles J. |
10 percent owner |
6 BEECHWOOD ROAD, BRONXVILLE NY 10708 |
| Stephan A Rapaglia |
officer: SVP and COO |
8 OLD MUSKET LANE, RIDGEFIELD CT 06877 |
| John T Hayes |
officer: Senior VP and CFO |
321 RAILROAD AVENUE, GREENWICH CT 06830 |
| Stephens Willis H. Jr. |
director |
15 MT. EBO ROAD SOUTH, P.O. BOX 408, BREWSTER NY 10509 |
| Charles J Urstadt |
director, 10 percent owner, officer: Chairman of Board & CEO |
321 RAILROAD AVE, GREENWICH CT 06830 |
| Miyun Sung |
officer: SVP and CLO |
4-75 48TH AVENUE #705, LONG ISLAND CITY NY 11109 |
| Carpenter Noble O Jr |
director |
18 HAWTHORNE ROAD, BRONXVILLE NY 10708 |
| Thomas D Myers |
officer: Co-Counsel |
321 RAILROAD AVENUE, GREENWICH CT 06830 |
| Catherine U Biddle |
director |
53 ELMWOOD ROAD, SOUTH SALEM NY 10590 |
| Richard Grellier |
director |
4 EGGLESTON LANE, OLD GREENWICH CT 06870 |
| Robert J Mueller |
director |
321 RAILROAD AVENUE, GREENWICH CT 06830 |
| Raymond P Argila |
officer: Senior Vice President |
321 RAILROAD AVENUE, GREENWICH CT 06830 |
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