Urstadt Biddle Properties (UBA) Misses Q1 FFO by 4c

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Urstadt Biddle Properties Inc. Reports First Quarter Operating Results for Fiscal 2015

March 11, 2015 5:17 PM EDT

GREENWICH, Conn.--(BUSINESS WIRE)-- Urstadt Biddle Properties Inc. (NYSE: UBA and UBP), a real estate investment trust, today reported its operating results for the first quarter ended January 31, 2015.

Funds from operations (FFO) for the first quarter of fiscal 2015 was $8,080,000 or $0.21 per diluted Common share and $0.24 per diluted Class A Common share compared with $7,972,000 or $0.23 per diluted Common share and $0.26 per diluted Class A Common share in last years first quarter. The FFO amounts above include significant non-recurring items in fiscal 2015 and 2014. In an effort to assist investors in analyzing changes to FFO, we have... More