Urstadt Biddle Properties (UBA) got here out with quarterly funds from operations (FFO) of $0.34 pe
Urstadt Biddle Properties (UBA) got here out with quarterly funds from operations (FFO) of $0.34 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.35 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an FFO shock of 41.67%. 1 / 4 in the past, it was anticipated that this business actual property funding belief would publish FFO of $0.29 per share when it really produced FFO of $0.24, delivering a shock of -17.24%.
During the last 4 quarters, the corporate has surpassed consensus FFO estimates simply as soon as.
Urstadt Biddle, which belongs to the Zacks REIT and Fairness Belief – Retail trade, posted revenues of $32.32 million for the quarter ended October 2020, surpassing the Zacks Consensus Estimate by 9.43%. This compares to year-ago revenues of $34.29 million. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the inventory’s speedy worth motion primarily based on the recently-released numbers and future FFO expectations will principally rely on administration’s commentary on the earnings name.
Urstadt Biddle shares have misplaced about 39.6% for the reason that starting of the yr versus the S&P 500’s achieve of 14.4%.
What’s Subsequent for Urstadt Biddle?
Whereas Urstadt Biddle has underperformed the market to date this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s FFO outlook. Not solely does this embrace present consensus FFO expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and tendencies in estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a powerful observe file of harnessing the facility of estimate revisions.
Forward of this earnings launch, the estimate revisions development for Urstadt Biddle was unfavorable. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #5 (Sturdy Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the entire listing of as we speak’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus FFO estimate is $0.21 on $28.98 million in revenues for the approaching quarter and $1.14 on $128.83 million in revenues for the present fiscal yr.
Traders ought to be conscious of the truth that the outlook for the trade can have a cloth influence on the efficiency of the inventory as nicely. When it comes to the Zacks Trade Rank, REIT and Fairness Belief – Retail is at the moment within the backside 4% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Urstadt Biddle Properties Inc. (UBA): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.