URSTADT BIDDLE PROPERTIES INC UBP Income Statement

Urstadt biddle properties inc (UBP)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Jul'10
Revenues
Lease income
32,945	16,544	24,537	24,928	33,261	23,740	24,668	23,910	23,584	23,520	22,074	21,677	21,112	23,997	21,605	21,498	20,072	20,657	21,042	21,175	21,011	19,391	18,714	18,780	18,214	18,104	17,911	17,095	16,942	16,950	16,736	17,143	16,714	14,603	15,986	15,971	16,143	16,136
Additional Rent due from tenants under operating leases for expense reimbursements paid by company on behalf of tenants
-	-	7,839	8,373	-	7,754	7,074	8,109	8,207	7,697	6,753	7,153	7,073	7,045	5,878	6,493	6,372	6,027	7,028	8,502	7,146	6,169	5,645	6,751	6,382	5,527	5,180	5,564	6,323	5,244	5,229	4,828	5,302	5,510	5,278	5,684	5,080	5,003
Gain (Loss) on Contract Termination
209	26	178	0	17	-	36	3,754	-	1	2,148	259	24	239	48	290	42	325	103	0	44	-15	131	0	67	66	124	24	0	2	0	0	87	65	143	0	2,988	586
Other
1,194	1,334	1,995	992	989	1,044	1,031	1,232	1,204	1,406	899	903	861	618	745	885	965	928	646	373	305	681	465	421	532	623	620	375	725	338	727	514	581	441	554	698	315	88
Revenues
34,348	34,476	34,549	34,293	34,267	32,543	32,809	37,005	32,995	32,624	31,874	29,992	29,070	31,899	28,276	29,166	27,451	27,937	28,819	30,050	28,506	26,226	24,955	25,952	25,195	24,320	23,835	23,058	23,990	22,534	22,692	22,485	22,684	20,619	21,961	22,353	24,526	21,813
Expenses
Property operating
5,929	5,165	4,955	5,851	5,930	5,159	4,804	5,740	6,306	5,439	3,989	5,498	5,148	4,947	4,030	4,973	4,767	4,844	4,384	6,953	5,086	4,213	3,837	5,950	4,926	3,859	3,917	4,437	5,258	3,403	3,642	3,436	3,719	3,768	3,319	4,427	3,236	3,054
Property taxes
5,810	5,760	5,885	5,805	5,913	5,563	5,300	5,157	5,147	5,145	4,891	4,737	4,848	4,808	4,592	4,525	4,623	4,557	4,631	4,574	4,462	4,225	4,205	4,235	4,332	3,976	4,011	3,729	3,808	3,885	3,775	3,702	3,752	3,669	3,628	3,580	3,645	3,423
Depreciation and amortization
7,135	7,001	7,001	6,985	6,940	7,037	7,370	6,968	6,949	7,070	6,678	6,183	6,581	6,223	5,455	5,659	5,688	5,601	5,541	5,767	5,526	5,053	4,761	4,859	4,576	4,864	4,556	4,210	4,139	4,148	4,106	4,171	4,212	3,826	3,793	3,806	3,787	3,845
General and administrative
2,777	2,256	2,230	2,265	2,654	2,199	2,322	2,283	2,419	2,290	2,226	2,212	2,455	2,144	2,387	2,291	2,462	2,083	2,214	2,011	2,268	1,942	1,987	1,983	2,104	1,966	2,099	1,994	2,152	1,890	1,847	1,861	1,947	1,942	1,848	1,830	1,901	1,722
Provisions for tenant credit losses
-	-	223	242	-	185	302	162	210	154	69	282	78	326	227	369	239	533	212	183	343	323	235	232	127	260	222	223	253	-	-	-	-	-	-	-	-	-
Acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	103	207	76	49	80	48	74	178	1,768	190	63	42	371	42	537	125	153	-17	3	225	85	23	13	53	0	93
Directors' fees and expenses
105	81	73	84	108	77	79	86	102	81	74	83	83	83	70	82	83	69	70	77	114	71	71	82	90	87	70	72	108	61	61	69	71	57	52	67	85	70
Total Operating Expenses
21,756	20,754	20,367	21,232	21,545	20,220	20,177	20,396	21,133	20,076	17,927	18,995	19,296	18,738	16,837	17,948	17,942	17,735	17,126	19,743	19,567	16,017	15,159	17,383	16,526	15,054	15,412	14,790	15,871	14,035	13,434	13,464	13,786	13,285	12,653	13,763	12,654	12,207
Operating Income
12,592	13,722	14,182	13,061	12,722	12,323	12,632	16,609	11,862	12,548	13,947	10,997	9,774	13,161	11,439	11,218	9,509	10,202	11,693	10,307	8,939	10,209	9,796	8,569	8,669	9,266	8,423	8,268	8,119	8,499	9,258	9,021	8,898	7,334	9,308	8,590	11,872	9,606
Non-Operating Income (Expense):
Interest expense
3,339	3,495	3,497	3,532	3,578	3,500	3,439	3,316	3,423	3,181	3,284	3,259	3,257	3,232	3,231	3,249	3,271	3,364	3,417	3,430	3,264	2,624	2,602	2,605	2,404	2,320	2,531	2,023	2,220	2,511	2,317	2,285	2,035	2,007	2,051	1,903	1,904	1,985
Equity in net (income) of unconsolidated joint ventures
513	234	289	376	342	375	483	667	560	579	439	525	514	535	564	537	383	527	467	473	474	508	291	499	306	368	349	419	182	-95	123	-192	26	127	125	79	62	46
Marketable Securities, Realized Gain (Loss)
0	-	0	0	403	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Before Gain (loss) on Sale of Properties
-	-	-	-	-	-	-	-	-	-	11,301	8,459	7,204	-	8,827	8,556	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operations:
Income From Continuing Operations Before Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,494	6,482	6,621	7,278	7,840	7,174	6,813	-	7,287	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	141	318	225	382	383	-	-	-	-	-	-	-	-	-
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-87	0	12,612	-	0	0	0	-	-	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-87	0	12,753	318	225	382	383	-	372	-	-	-	-	-	-	-
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
-339	-	409	-	0	-	0	-	-	-38	-688	19,460	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,460	-	-	-	0	-	-	-	-	-	-	-
Other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54
Interest, dividends and other investment income
94	175	44	55	129	104	104	62	80	-212	199	196	173	86	55	50	51	43	42	128	15	56	9	19	50	-36	139	510	732	220	223	224	225	216	216	224	195	147
Net income
9,521	10,208	11,427	9,960	10,018	9,302	9,780	14,022	9,079	9,696	10,613	27,919	7,204	10,550	8,827	8,556	6,672	27,785	8,785	7,478	6,164	32,495	7,407	6,482	19,374	7,596	8,065	7,556	7,196	7,219	7,659	6,768	7,114	7,136	7,598	6,990	10,225	7,868
Noncontrolling interests:
Net income attributable to noncontrolling interests
1,038	1,038	1,094	1,100	1,101	1,121	1,138	1,362	1,095	1,048	982	247	222	230	217	217	225	220	344	231	153	152	151	148	156	151	150	135	182	164	165	94	77	77	76	77	76	76
Net income attributable to Urstadt Biddle Properties Inc.
8,483	9,170	10,333	8,860	8,917	8,181	8,642	12,660	7,984	8,648	9,631	27,672	6,982	10,320	8,610	8,339	6,447	27,565	8,441	7,247	6,011	32,343	7,256	6,334	19,218	7,445	7,915	7,421	7,014	7,055	7,494	6,674	7,037	7,059	7,522	6,913	10,149	7,792
Preferred Stock Dividends
3,412	3,601	3,063	3,062	3,063	3,062	3,063	3,062	3,063	4,249	3,570	3,571	3,570	3,570	3,570	3,570	3,570	3,570	3,571	3,570	3,894	3,453	3,453	3,453	3,453	3,453	3,606	3,929	3,961	3,447	3,273	3,274	3,273	3,274	3,273	3,274	3,273	3,273
Redemption of Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68	406	3,759	-	0	0	0	-	-	-	-	-
Net income applicable to common and Class A common stockholders - basic
5,071	3,206	7,270	5,798	5,854	5,119	5,579	9,598	4,921	324	6,061	24,101	3,412	6,750	5,040	4,769	2,877	23,995	4,870	3,677	2,117	27,020	3,803	2,881	15,765	3,992	4,241	3,086	-706	1,581	4,221	3,400	3,764	3,785	4,249	3,639	6,876	4,519
Basic Earnings Per Share:
Per Common Share:
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.09	0.11	0.12	0.08	-0.03	-	0.13	-	-	-	-	-	-	-
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.38	0.01	0.01	0.01	0.01	-	0.01	-	-	-	-	-	-	-
Diluted Earnings Per Share:
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.09	0.11	0.11	0.08	-0.03	-	0.13	-	-	-	-	-	-	-
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.37	0.01	0.01	0.01	0.01	-	0.01	-	-	-	-	-	-	-
Per Common Share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.10	0.06	-	-	-	0.46	0.12	0.12	0.09	-0.02	0.04	0.14	0.11	0.12	0.11	0.14	0.12	0.23	0.16
Dividends Per Share:
Common stock, dividends per share declared (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.22	-	0.22	0.22	0.22	-	0.22	0.22	0.22	-	0.22	0.22	0.22	0.22
Classification of common stock representing ownership interest in a corporation.
Net income applicable to common and Class A common stockholders - basic
1,082	674	1,531	1,221	1,233	1,038	1,148	1,975	1,012	65	1,226	4,876	690	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Per Common Share (in dollars per share)
0.12	0.08	0.17	0.14	0.14	0.13	0.13	0.23	0.12	0.01	0.15	0.58	0.08	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Per Common Share (in dollars per share)
0.12	0.07	0.17	0.14	0.14	0.12	0.13	0.23	0.12	0.01	0.14	0.57	0.08	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, dividends per share declared (in dollars per share)
0.25	-	0.24	0.24	0.24	-	0.24	0.24	0.24	-	0.23	0.23	0.23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class A Common Stock [Member]
Net income applicable to common and Class A common stockholders - basic
3,989	2,532	5,739	4,577	4,621	4,081	4,431	7,623	3,909	259	4,835	19,225	2,722	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Per Common Share (in dollars per share)
0.14	0.08	0.19	0.16	0.16	0.14	0.15	0.26	0.13	0.01	0.16	0.66	0.09	-	-	-	-	-	-	0.10	0.06	-	-	-	0.47	0.12	0.13	0.09	-0.02	0.05	0.14	0.11	0.13	0.13	0.14	0.12	0.23	0.17
Per Common Share (in dollars per share)
0.13	0.08	0.19	0.15	0.16	0.14	0.15	0.25	0.13	0.01	0.16	0.64	0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, dividends per share declared (in dollars per share)
0.28	-	0.27	0.27	0.27	-	0.27	0.27	0.27	-	0.26	0.26	0.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-