Urstadt Biddle Properties (UBA) got here out with quarterly funds from operations (FFO) of $0.34 per share, lacking the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.36 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an FFO shock of -5.56%. 1 / 4 in the past, it was anticipated that this industrial actual property funding belief would publish FFO of $0.33 per share when it really produced FFO of $0.35, delivering a shock of 6.06%.
Over the past 4 quarters, the corporate has surpassed consensus FFO estimates two occasions.
Urstadt Biddle, which belongs to the Zacks REIT and Fairness Belief – Retail trade, posted revenues of $34.35 million for the quarter ended January 2020, lacking the Zacks Consensus Estimate by 1.79%. This compares to year-ago revenues of $34.46 million. The corporate has topped consensus income estimates two occasions during the last 4 quarters.
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