Investing.com - Urstadt Biddle reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Urstadt Biddle announced earnings per share of $0.17 on revenue of $35.48M. Analysts polled by Investing.com anticipated EPS of $0.2367 on revenue of $35.74M.
Urstadt Biddle shares are down 32% from the beginning of the year, still down 22.18% from its 52 week high of $19.97 set on December 16, 2021. They are under-performing the S&P/TSX which is down 8.53% from the start of the year.
Urstadt Biddle follows other major Real Estate sector earnings this month
Urstadt Biddle's report follows an earnings beat by Ke Hldg on August 23, who reported EPS of $-0.52 on revenue of $13.78B, compared to forecasts EPS of $-1.59 on revenue of $11.37B.
BR MALLS ADR had matched expectations on August 11 with third quarter EPS of $0.0518 on revenue of $68.78M, compared to forecast for EPS of $0.0518 on revenue of $71.18M.
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