UBP: Urstadt Biddle: Fiscal Q2 Earnings Snapshot

GREENWICH, Conn. (AP) - GREENWICH, Conn. (AP) - Urstadt Biddle Properties Inc. (UBA) on Wednesday reported a key measure of profitability in its fiscal second quarter. The Greenwich, Connecticut -based real estate investment trust said it had funds from operations of $13.1 million , or 35 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $5.2 million , or 14 cents per share. The commercial real estate investment trust, based in Greenwich, Connecticut , posted revenue of $35.1 million in the period. _____ This story was generated by Automated Insights ( http://automatedinsights.com/ap) using data from Zacks Investment Research . Access a Zacks stock report on UBA at https://www.zacks.com/ap/UBA For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News