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Urstadt Biddle Properties

Urstadt Biddle (UBA), a real estate investment trust (REIT), engages in the acquisition, ownership, and management of commercial real estate properties in the United States. UBA raised dividends by 1% to 25.25 cents per share. This marked the 20th consecutive dividend increase for this dividend achiever.

Over the past decade, Urstadt Biddle Properties has raised dividends by 2% per year. Currently the REIT trades at 20 times FFO and yields 5.50%. I am generally not a fan of dividend growth companies that raise dividends simply to maintain a streak, but the nominal raises are below the rate of inflation. Despite the high current yield, I do not find the company worthy of further research.

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