Urstadt Biddle Properties Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Willing L. Biddle
- Full Time Employees
- 55
- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- 321 Railroad Avenue Greenwich CT United States of America 06830
- IPO Date
- Mar 17, 1980
- CIK
- 0001029800
- Website
- ubproperties.com
- Similar Companies
- Business
- Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust that acquires, owns, redevelops, and manages neighborhood and community shopping centers, primarily grocery-anchored properties; office buildings; single-tenant retail and restaurant spaces; and office/retail mixed-use developments. The company owns or holds equity interests in approximately 77 properties totaling 5.3 million square feet of gross leasable area, with a core focus on high-quality assets in affluent suburban markets of the New York tri-state region including New York, New Jersey, and Connecticut; key holdings feature anchors such as Stop & Shop, Walmart, and Kings Food Markets alongside tenants like Bed Bath & Beyond, Staples, CVS Pharmacy, and Old Navy. Founded in 1969 and headquartered at 321 Railroad Avenue in Greenwich, Connecticut, Urstadt Biddle targets institutional and retail investors seeking income from well-located, grocery-anchored retail properties characterized by low debt levels and stable tenant bases. In August 2023, the company completed its acquisition by Regency Centers Corporation in an all-stock transaction valued at $1.4 billion including assumed debt and preferred stock, operating thereafter as a wholly-owned subsidiary while retaining its portfolio of irreplaceable Northeast assets that expanded Regency's holdings to 481 properties nationwide; the deal positioned Urstadt Biddle's properties under Regency's management without altering its operational focus on premium suburban shopping centers. The transaction marked a major strategic shift, enhancing scale in strong trade areas amid ongoing leasing efficiencies supported by tools like automated lease management systems.
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