Urstadt Biddle Properties Inc. Overview
Pro stress-test →Urstadt Biddle Properties was a self-administered equity REIT founded in 1969 that owned and operated 77 neighborhood and community shopping centers containing approximately 5.3 million square feet. The company was acquired by Regency Centers in an all-stock merger completed in August 2023 and no longer operates as an independent public company.
Strategic Profile
Pro stress-test →Pre-acquisition, Urstadt Biddle was a regionally focused REIT concentrated in affluent suburban markets around New York City and New England. The company owned necessity-based retail properties including grocery-anchored centers and had 213 consecutive quarters of uninterrupted dividends. Its acquisition by Regency Centers consolidated regional shopping-center assets into a larger, nationally diversified S&P 500 REIT platform.
Competitive Landscape
Pro stress-test →Pre-acquisition, Urstadt Biddle competed against regional and national shopping-center REITs. Post-acquisition, its portfolio is integrated into Regency Centers' broader national platform, which competes with larger national shopping-center REITs including Whitestone REIT and other grocery-anchored retail operators.
Industry Context
Urstadt Biddle Properties Inc. operates in Retail shopping center REITs.
Key facts
Founded: 1969 · Headquarters: Greenwich, Connecticut, US · Employees: 55 · Revenue: N/A - Subsidiary · Market cap: N/A - Acquired