Urstadt Biddle Properties Inc. Announces 2,000,000 Share Repurchase Program
October 03 2022 - 3:15PM
Business Wire
Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) today
announced that the Company’s Board of Directors has authorized a
share repurchase program of up to 2,000,000 shares, in the
aggregate, of the Company’s Common Stock and Class A Common Stock,
as market conditions warrant. This repurchase program replaces a
prior repurchase program announced in June 2017. Share repurchases
may be made in the open market or in private transactions, and at
times and in amounts that the Company deems appropriate. The share
repurchase program will be funded with available cash, has no set
expiration date and may be discontinued at any time. There is no
guarantee that the company will repurchase any shares pursuant to
the repurchase program.
Urstadt Biddle Properties Inc. is a self-administered equity
real estate investment trust which owns or has equity interests in
77 properties containing approximately 5.3 million square feet of
space. Listed on the New York Stock Exchange since 1970, it
provides investors with a means of participating in ownership of
income-producing properties. It has paid 210 consecutive quarters
of uninterrupted dividends to its shareholders since its
inception.
Certain statements contained herein may constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Such factors include, among other
things, risks associated with the timing of and costs associated
with property improvements, financing commitments and general
competitive factors.
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version on businesswire.com: https://www.businesswire.com/news/home/20221003006022/en/
Willing L. Biddle, CEO or John T. Hayes, CFO Urstadt Biddle
Properties Inc. (203) 863-8200
Urstadt Biddle Properties (NYSE:UBA)
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