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Urstadt Biddle Properties (Urstadt Biddle Properties) Financial Strength : 5 (As of Apr. 2023)


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What is Urstadt Biddle Properties Financial Strength?

Urstadt Biddle Properties has the Financial Strength Rank of 5.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Urstadt Biddle Properties's Interest Coverage for the quarter that ended in Apr. 2023 was 3.42. Urstadt Biddle Properties's debt to revenue ratio for the quarter that ended in Apr. 2023 was 2.41. As of today, Urstadt Biddle Properties's Altman Z-Score is 1.49.


Competitive Comparison of Urstadt Biddle Properties's Financial Strength

For the REIT - Retail subindustry, Urstadt Biddle Properties's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Urstadt Biddle Properties's Financial Strength distribution charts can be found below:

* The bar in red indicates where Urstadt Biddle Properties's Financial Strength falls into.



Urstadt Biddle Properties Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Urstadt Biddle Properties's Interest Expense for the months ended in Apr. 2023 was $-3.7 Mil. Its Operating Income for the months ended in Apr. 2023 was $12.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $298.7 Mil.

Urstadt Biddle Properties's Interest Coverage for the quarter that ended in Apr. 2023 is

Interest Coverage=-1*Operating Income (Q: Apr. 2023 )/Interest Expense (Q: Apr. 2023 )
=-1*12.574/-3.676
=3.42

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Urstadt Biddle Properties's Debt to Revenue Ratio for the quarter that ended in Apr. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Apr. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(39 + 298.66) / 140.284
=2.41

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Urstadt Biddle Properties has a Z-score of 1.49, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 1.49 is in distress zone. This implies bankruptcy possibility in the next two years.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Urstadt Biddle Properties  (NYSE:UBA) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Urstadt Biddle Properties has the Financial Strength Rank of 5.


Urstadt Biddle Properties Financial Strength Related Terms

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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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