Urstadt Biddle Properties Inc. (UBA)

A recent report has highlighted the urgent need for an aggregated AgriTech database in Uganda to enhance data-driven financing for farmers and other agricultural stakeholders. Commissioned by the Uganda National Council of Farmers (UNCOF), in collaboration with the Uganda Bankers Association (UBA) and the Financial Technology Service Providers Association (FITSPA), the study emphasizes that centralizing […] The post Report: There’s Need for AgriTech Database to Boost Data-Driven Financing of Agr...

Liberia, West Africa--(Newsfile Corp. - June 20, 2024) - HammerPay, a wholly-owned subsidiary of Hammer Fiber Optics Holdings Corp. (OTC Pink: HMMR), has revamped its cash-in process for the UBA Remit Wallet - powered by HammerPay in Liberia. Customers can now deposit funds without any fees, a move aimed at driving platform adoption and usage.

New York, New York--(Newsfile Corp. - May 21, 2024) - With the successful launch in August 2023 of the UBA Remit Wallet - a digital wallet service for UBA Liberia, West Africa, HammerPay [USA] Ltd., a wholly-owned subsidiary of Hammer Fiber Optics Holdings Corp. (OTC Pink: HMMR) is now teaming up with internet service provider Spectrum Communications Services (ISP) - Liberia, to offer affordable and pocket-friendly internet services for consumers that can be accessed and paid for through the UBA Remit Wallet.

NEW YORK , Aug. 17, 2023 /PRNewswire/ -- Dolby Laboratories Inc. (NYSE:DLB) will replace Staar Surgical Co. (NASD:STAA) in the S&P MidCap 400 and Staar Surgical will replace Urstadt Biddle Properties Inc. (NYSE:UBA) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, August 22. S&P 500 constituent Regency Centers Corp. (NASD: REG) will acquire Urstadt Biddle Properties in a transaction expected to close soon pending final closing conditions.

Retail REITs have been undervalued due to past weaknesses, but the environment has changed in favor of retail real estate. Negative net supply growth and increasing retail sales create a significant runway for rental rate growth. Within the sector, we identify individual REITs with superior growth potential, superior locations, and superior management.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Urstadt Biddle Properties Inc. (NYSE: UBA, UBP) to Regency Centers Corporation (Nasdaq: REG). Under the terms of the proposed transaction, shareholders of Urstadt Biddle's Class A Common (UBA) and Common (UBP) will receive 0.347 of a newly-issued Regency share for each UBA or UBP share they own. Upon closing,.

Urstadt Biddle Properties (UBA) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to FFO of $0.37 per share a year ago.

My grandmother often told me about her life as a child and the adversity that her parents faced growing up on a small family farm in rural South Carolina. My great grandparents witnessed the crippling of the banking system as panicky depositors withdrew cash, and of course, unemployment soared. I can only imagine what life would have been like during the Great Depression, a period in which real estate values were in a tailspin.

Regency Centers is a strong REIT which focuses on grocery-anchored properties. The company is doing just fine on an operational basis, and announced the purchase of Urstadt Biddle in a deal set to grow the portfolio by about 10%.

The merger looks good to me. REG is closer to fair value than the deeply discounted UBA which makes a stock for stock deal immediately accretive.

I cover some of the details of the stock-for-stock acquisition of Urstadt Biddle Properties by Regency Centers. The combined REIT will continue to be a blue-chip retail real estate operator with high-quality assets and a strong balance sheet.

Regency Centers Corp. REG, +3.09% said Thursday it has agreed to acquire Urstadt Biddle Properties Inc. UBA, +2.42% UBP, +2.25% in an all-stock deal valued at $1.4 billion. Under the terms of the deal, Regency, a REIT that develops shopping centers, will pay 0.347 of a newly issued share for each UBA or UBP share owned, equal to about $20.40 a share based on Regency's closing price on May 17.

Spreads often are the source of opportunity. When a spread is wider or narrower than its natural state, it may be a good time to buy or sell, respectively.

Urstadt Biddle is often overlooked due to its small size and lack of communication. Its portfolio is well located in low-supply submarkets.

Urstadt Biddle (UBA) delivered FFO and revenue surprises of 16.67% and 3.79%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

UBA boasts a defensive, necessity-based shopping center portfolio in the affluent suburbs around New York City. The REIT has two common share classes.