INVESTORS

Uninterrupted dividends since 1969.

Peer Analysis

Financial Performance (%) UBA Peer Median Peer Average
Rec. EBITDA / Int. Exp. (x) 5.87 3.71 3.82
Rec. EBITDA / Int. Exp. + Pref. Divs. (x) 2.95 3.23 3.40
G&A / Total Revenue 8.21 9.47 9.45
FFO / Share Growth (8.63) (6.78) (8.77)
ROAE 6.73 3.99 4.99
ROAA 3.77 1.77 2.02
Payout / FFO 87.40 70.53 66.94
Market Performance
Price / FFO (x) 7.65 8.63 8.66
Dividend Yield (%) 2.88 1.00 2.39
UPREIT Market Cap ($M) 365.11 1,396.62 2,325.59
Total Capitalization ($M) 928.36 3,144.57 4,815.09
Data for trailing four quarters

Urstadt Biddle Properties Inc.'s peer group consists of the following: Acadia Realty Trust (AKR), Cedar Realty Trust, Inc. (CDR), Equity One, Inc. (EQY), Federal Realty Investment Trust (FRT), IRC Retail Centers (IRC), Kimco Realty Corporation (KIM), Kite Realty Group Trust (KRG), Regency Centers Corporation (REG), Retail Opportunity Investments Corp. (ROIC), Retail Properties of America, Inc. (RPAI), RPT Realty (RPT), Saul Centers, Inc. (BFS), SITE Centers Corp. (SITC), Weingarten Realty Investors (WRI)

Urstadt Biddle Properties Inc.'s financial data is as of 4/30/2020.

Peer financial data is as of 4/30/2020 except for these companies:

Cedar Realty Trust, Inc.'s financial data is as of 3/31/2020.
Kimco Realty Corporation's financial data is as of 3/31/2020.
Saul Centers, Inc.'s financial data is as of 3/31/2020.
Acadia Realty Trust's financial data is as of 3/31/2020.
IRC Retail Centers's financial data is as of 12/31/2015.
Equity One, Inc.'s financial data is as of 12/31/2016.