Urstadt-Biddle Properties, Inc. (UBA, UBP) is a shopping center real estate investment trust ((REIT)) with properties concentrated in the New York metropolitan area, which includes New York, New Jersey, and Connecticut. UBA has 84 properties spread throughout these three states, along with one property in New Hampshire (Savers, a popular thrift store).
The company boasts an impressive total return compound annual growth rate since 2000 of 12.4%, compared to the 11.4% achieved by NAREIT's index of all equity REITs. Looking back a little further to 1998, UBA has handsomely