A Shopping Center REIT For Average Joe

Urstadt Biddle Properties (NYSE:UBA) was founded in 1969 and listed on the NYSE on July 6, 1969. The Greenwich-based REIT has an impressive track record of increasing annual dividends for 23 years in a row. In addition, the company has maintained 46 consecutive years of uninterrupted dividends.

Summary

  • In addition to a strong geographic profile, Urstadt Biddle also has a healthy concentration of supermarket tenants.
  • The REIT concentrates on smaller properties that, due to their size, are below the radar for larger investors.
  • Value investors focus on risk as well as return.
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