UBP - Urstadt Biddle Properties: Buy? Hold? Or Sell?

• Many of us bought Urstadt Biddle Properties when it had dropped more than a factor of two in the early fall of 2020.
• Since then, the gap between UBA and other shopping center REITs has decreased a lot.
• We take a closer look at UBA to better understand their business model and prospects going forward.
• We find that UBA remains undervalued, but after its recent appreciation, it has become less appealing than some of its peers.

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