Urstadt Biddle Properties Inc.

What Urstadt Biddle Properties Inc. does

Urstadt Biddle Properties Inc. (NYSE: UBA / UBP) is a self-administered equity real estate investment trust founded in 1969 as Hubbard Real Estate Investments and renamed in 1998 after reorganizing from a Massachusetts business trust to a Maryland corporation. The company owns, manages, and redevelops grocery-anchored neighborhood and community shopping centers in the suburban New York Metro area — specifically high-barrier-to-entry counties across Connecticut, New York, and New Jersey (Westchester, Putnam, Fairfield, Bergen, and surrounding markets). Its current portfolio spans roughly 75–82 properties encompassing approximately 5.6 million square feet on ~600 acres, leased to about 900 commercial tenants including national grocery anchors (Stop & Shop, ALDI, Trader Joe's, ShopRite), pharmacies (CVS), banks (Chase), and other service retailers.

The company operates a self-managed platform with in-house leasing, property management, and construction functions, and provides a web-based tenant portal powered by Yardi Commercial Café for rent collection, account management, and maintenance requests. It has also deployed rooftop solar installations on nearly half of its shopping centers and EV charging stations across multiple sites. Approximately one-third of property acquisitions have been executed via DownREIT partnerships, which offer sellers tax-deferred exits and recurring partnership economics, while the remainder are fee-simple acquisitions meeting stated thresholds of at least $5M price and 10,000 SF.

The business model is straightforward REIT rental economics: base rent plus common-area maintenance charges and real estate taxes billed monthly to tenants. There is no publicly disclosed pricing; rents are negotiated per property and per tenant. The DownREIT structure functions as both an acquisition channel and a service offering to property owners seeking tax-efficient exits, partnership buyouts, succession planning, or dispute resolution. As a REIT, the company must distribute at least 90% of taxable income as dividends, and it has paid uninterrupted dividends since 1969 with 26+ consecutive years of dividend increases.

Name

Urstadt Biddle Properties Inc.

Legal name

Urstadt Biddle Properties Inc.

Website

https://ubproperties.com

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

11–50 employees

Short description

Urstadt Biddle Properties Inc. is a self-administered equity REIT that owns and operates approximately 75–82 grocery-anchored shopping centers totaling ~5.6 million square feet in the suburban New York Metro area, leasing to about 900 commercial tenants under a conservative, dividend-focused model.

Ownership category

akta.pro rank

Product category

Retail REIT / Shopping Center REIT

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Investment Trusts (6798), Real Estate Operators (No Developers) & Lessors (6510), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Grocery-anchored shopping centers
• Retail REIT management
• Commercial property leasing
• DownREIT transaction services
• Shopping center acquisition

Headquarters

HQ city

Greenwich

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Rental Income: Primary revenue stream from approximately 900 commercial tenants renting space in shopping centers. Tenants include grocery stores, retail shops, restaurants, and service businesses. Revenue is generated through base rent, common area maintenance charges, and real estate taxes billed to tenants.
2. Property Management Services: The company provides property management and leasing services for other property owners in their target market, generating additional fee income.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Urstadt Biddle Properties is a self-administered equity REIT that owns, operates, manages, and redevelops grocery-anchored retail shopping centers predominantly located in the suburban communities surrounding New York City. The company also provides third-party property management and leasing services to other property owners in its target market and designs tax-efficient DownREIT structures for sellers seeking to defer capital gains taxes while preserving partnership flexibility.

Product overview

Urstadt Biddle Properties Inc. is a self-administered equity REIT that operates as a single, unified real estate investment and management company. The core offering is a portfolio of over 75 grocery-anchored shopping centers totaling over 5 million square feet in the suburban New York Metro Area. The company supports its property operations through the Tenant Portal (powered by Yardi Commercial Café) and offers specialized services including DownREIT structures for tax-deferred property transactions. The portfolio spans Connecticut, New Jersey, and New York, with properties ranging from neighborhood centers to large community shopping complexes.

Differentiator

Problem solved

Functional benefit

Products and services

• Grocery-Anchored Shopping Centers Portfolio Ownership, operation, and redevelopment of high-quality grocery-anchored retail shopping centers predominantly located in suburban communities surrounding New York City, including neighborhood and community shopping centers across Connecticut, New York, and New Jersey. Designed for grocery anchors, retailers, restaurants, banks, pharmacies, and service businesses seeking well-located suburban space and for investors seeking exposure to income-producing retail real estate.
• Tenant Portal Web-based portal powered by Yardi CommercialCafé that enables tenants to make rent payments, view account information, and submit maintenance requests. The portal also provides access to lease documents, billing information, and sales reporting for commercial tenants.
• DownREIT Services Tax-deferred transaction structure enabling property owners to transfer assets without triggering capital gains tax, providing liquidity, flexibility, and diversification for partners and family members through partnership dispute resolution, succession planning, and estate planning mechanisms. Designed for owners of appreciated retail real estate seeking tax-efficient transfer or restructuring.
• Property Acquisition Services Targeted acquisition of grocery-anchored shopping centers and neighborhood/community shopping centers in the New York Metro area, with minimum thresholds of 10,000 SF and $5 million in value, located in commuter markets surrounding Manhattan. Designed for sellers of qualifying NY metro retail properties seeking a strategic buyer.
• Property Management Services Self-management and leasing of all properties, including maintenance, utilities management, trash and recycling services, HVAC and pest control contract management, and common area maintenance. The company also provides property management and leasing services to third-party property owners in its target NY metro market.

Quantifiable outcome

• Over 5 million square feet of property space owned and operated
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Scale indicators8 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Retail Opportunity Investments Corp: ROIC is a grocery-anchored shopping center REIT with West Coast and East Coast portfolios, including NE properties. Its anchor-driven, necessity-retail strategy and value-add repositioning playbook are directly comparable to UB Properties' operating approach.
• Regency Centers Corporation: Regency is the leading grocery-anchored shopping center REIT in the U.S., focused on necessity-based retail in affluent suburban trade areas. The asset type (grocery-anchored open-air centers) and tenant strategy (long-term leases to top grocery operators) directly parallel UB Properties' portfolio composition.
• Kite Realty Group Trust: Kite is a shopping center REIT with grocery-anchored and mixed-use open-air centers across the Sun Belt and select NE/Midwest markets. While more Sun Belt focused, it shares UB Properties' core model of operating grocery-anchored necessity retail centers.
• Kimco Realty Corporation: Kimco is the largest publicly traded shopping center REIT in the U.S., with a major concentration in NY-metro suburban grocery-anchored centers — closely matching UB Properties' geography and asset type. Both companies emphasize grocery anchors, suburban high-barrier-to-entry markets, and similar tenant rosters.
• Phillips Edison & Company: Phillips Edison is a pure-play grocery-anchored neighborhood and community shopping center REIT, with co-anchors weighted toward non-discretionary retailers. Its center size, tenant profile (ALDI, Kroger, Sprouts), and focus on necessity-driven foot traffic are highly comparable to UB Properties' positioning.
• Brixmor Property Group: Brixmor is a top-tier open-air shopping center REIT with a national footprint and a meaningful NE/Mid-Atlantic concentration. Like UB Properties, it anchors properties with grocery and necessity tenants and focuses on value-add repositioning — making it a comparable in both asset class and operating strategy.
• Acadia Realty Trust: Acadia owns and operates street-retail and urban-suburban shopping centers in NY-metro and other Northeast markets. Its NY exposure and street/urban-suburban shopping center focus overlap materially with UB Properties' geographic and asset-type profile.
• Federal Realty Investment Trust: Federal Realty owns high-quality open-air shopping centers in dense, affluent coastal suburbs — including the NY metro region — anchored by grocers and necessity retailers. Its focus on premium demographic markets with long-duration leases mirrors UB Properties' stated philosophy around high-barrier communities.
• NETSTREIT Corp: NETSTREIT is a net-lease shopping center REIT focused on necessity-based retail tenants including grocers and convenience operators. Its tenant profile (grocers, quick-service restaurants, health services) closely matches UB's roster of grocery anchors and in-line service tenants.

Broad incumbents

• Getty Realty Corp: Getty is a net-lease REIT focused on convenience, fuel, and automotive retail tenants. While structured as net lease (vs. UB's conventional leased shopping centers), its focus on necessity-based, recession-resilient retail and dispersed grocery/essential tenants makes it a comparable benchmark for the grocery-anchored rent stream.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/urstadtbiddle
• Facebookfacebook.com/urstadt-biddle-properties-inc-reit-488747235550
• LinkedInlinkedin.com/company/urstadt-biddle-properties-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Urstadt Biddle Properties Inc.