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Urstadt Biddle Properties Inc. Announces Tax Treatment For 2022 Distributions

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Urstadt Biddle Properties Inc. (NYSE: UBA, UBP) announced the tax treatment for its 2022 distributions. Shareholders received cash distributions from Common, Class A Common, and Preferred shares totaling $0.858, $0.95, and $1.5625 respectively. The majority of these distributions comprise non-qualifying ordinary income and Section 199A dividends, with Common shares showing 96.52% as ordinary income. The trust has maintained 212 consecutive quarters of uninterrupted dividends since inception, reflecting its long-standing commitment to shareholder returns. Shareholders are advised to consult tax advisors for specific treatment.

Positive
  • Consistent dividend payments, having paid 212 consecutive quarters.
  • Strong percentage of distributions classified as ordinary income, supporting cash flow.
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GREENWICH, Conn.--(BUSINESS WIRE)-- Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) today announced the tax treatment of its 2022 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of Urstadt Biddle Properties Inc.’s Common, Class A Common and Preferred shares during the calendar year ended December 31, 2022.

Common - CUSIP 917286106

Shown as Dollars ($)

Payment

Date

Distributions

Per Share

Non-

Qualifying

Ord. Income

(1a)

Total

Long-Term

Capital

Gain (2a)

Unrecaptured

Sec. 1250 Gain

(2b)

Return of

Capital (3)

Section

199A

Dividends

(5)

1/14/22

$

0.2145

$

0.207043

$

0.00

$

0.004264

$

0.003193

$

0.207043

4/14/22

$

0.2145

$

0.207043

$

0.00

$

0.004264

$

0.003193

$

0.207043

7/15/22

$

0.2145

$

0.207043

$

0.00

$

0.004264

$

0.003193

$

0.207043

10/14/22

$

0.2145

$

0.207043

$

0.00

$

0.004264

$

0.003193

$

0.207043

TOTAL

$

0.858

$

0.828172

$

0.00

$

0.017056

$

0.012772

$

0.828172

Shown as a Percentage (%)

Payment

Date

Distributions

Per Share

Non-

Qualifying

Ord. Income

(1a)

Total

Long-Term

Capital

Gain (2a)

Unrecaptured

Sec. 1250 Gain

(2b)

Return of

Capital (3)

Section

199A

Dividends

(5)

1/14/22

$

0.2145

96.5235

%

0

%

1.9879

%

1.4886

%

96.5235

%

4/14/22

$

0.2145

96.5235

%

0

%

1.9879

%

1.4886

%

96.5235

%

7/15/22

$

0.2145

96.5235

%

0

%

1.9879

%

1.4886

%

96.5235

%

10/14/22

$

0.2145

96.5235

%

0

%

1.9879

%

1.4886

%

96.5235

%

TOTAL

$

0.858

96.5235

%

0

%

1.9879

%

1.4886

%

96.5235

%

Class A Common - CUSIP 917286205

Shown as Dollars ($)

Payment

Date

Distributions

Per Share

Non-

Qualifying

Ord. Income

(1a)

Total

Long-Term

Capital

Gain (2a)

Unrecaptured

Sec. 1250 Gain

(2b)

Return of

Capital (3)

Section

199A

Dividends

(5)

1/14/22

$

0.2375

$

0.229244

$

0.00

$

0.004721

$

0.003535

$

0.229244

4/14/22

$

0.2375

$

0.229244

$

0.00

$

0.004721

$

0.003535

$

0.229244

7/15/22

$

0.2375

$

0.229244

$

0.00

$

0.004721

$

0.003535

$

0.229244

10/14/22

$

0.2375

$

0.229244

$

0.00

$

0.004721

$

0.003535

$

0.229244

TOTAL

$

0.95

$

0.916976

$

0.00

$

0.018884

$

0.01414

$

0.916976

Shown as a Percentage (%)

Payment

Date

Distributions

Per Share

Non-

Qualifying

Ord. Income

(1a)

Total

Long-Term

Capital

Gain (2a)

Unrecaptured

Sec. 1250 Gain

(2b)

Return of

Capital (3)

Section

199A

Dividends

(5)

1/14/22

$

0.2375

96.5238

%

0

%

1.9878

%

1.4884

%

96.5238

%

4/14/22

$

0.2375

96.5238

%

0

%

1.9878

%

1.4884

%

96.5238

%

7/15/22

$

0.2375

96.5238

%

0

%

1.9878

%

1.4884

%

96.5238

%

10/14/22

$

0.2375

96.5238

%

0

%

1.9878

%

1.4884

%

96.5238

%

TOTAL

$

0.95

96.5238

%

0

%

1.9878

%

1.4884

%

96.5238

%

6.25% Series H Cumulative Redeemable Preferred - CUSIP 917286882

Shown as Dollars ($)

Payment

Date

Distributions

Per Share

Non-

Qualifying

Ord. Income

(1a)

Total

Long-Term

Capital

Gain (2a)

Unrecaptured

Sec. 1250 Gain

(2b)

Return of

Capital (3)

Section

199A

Dividends

(5)

1/31/22

$

0.390625

$

0.390625

$

0.00

$

0.00

$

0.00

$

0.390625

4/29/22

$

0.390625

$

0.390625

$

0.00

$

0.00

$

0.00

$

0.390625

7/29/22

$

0.390625

$

0.390625

$

0.00

$

0.00

$

0.00

$

0.390625

10/28/22

$

0.390625

$

0.390625

$

0.00

$

0.00

$

0.00

$

0.390625

TOTAL

$

1.5625

$

1.5625

$

0.00

$

0.00

$

0.00

$

1.5625

Shown as a Percentage (%)

Payment

Date

Distributions

Per Share

Non-

Qualifying

Ord. Income

(1a)

Total

Long-Term

Capital

Gain (2a)

Unrecaptured

Sec. 1250 Gain

(2b)

Return of

Capital (3)

Section

199A

Dividends

(5)

1/31/22

$

0.390625

100

%

0

%

0

%

0

%

100

%

4/29/22

$

0.390625

100

%

0

%

0

%

0

%

100

%

7/29/22

$

0.390625

100

%

0

%

0

%

0

%

100

%

10/28/22

$

0.390625

100

%

0

%

0

%

0

%

100

%

TOTAL

$

1.5625

100

%

0

%

0

%

0

%

100

%

5.875% Series K Cumulative Redeemable Preferred - CUSIP 917286874

Shown as Dollars ($)

Payment

Date

Distributions

Per Share

Non-

Qualifying

Ord. Income

(1a)

Total

Long-Term

Capital

Gain (2a)

Unrecaptured

Sec. 1250 Gain

(2b)

Return of

Capital (3)

Section

199A

Dividends

(5)

1/31/22

$

0.3672

$

0.3672

$

0.00

$

0.00

$

0.00

$

0.3672

4/29/22

$

0.3672

$

0.3672

$

0.00

$

0.00

$

0.00

$

0.3672

7/29/22

$

0.3672

$

0.3672

$

0.00

$

0.00

$

0.00

$

0.3672

10/28/22

$

0.3672

$

0.3672

$

0.00

$

0.00

$

0.00

$

0.3672

TOTAL

$

1.4688

$

1.4688

$

0.00

$

0.00

$

0.00

$

1.4688

Shown as a Percentage (%)

Payment

Date

Distributions

Per Share

Non-

Qualifying

Ord. Income

(1a)

Total

Long-Term

Capital

Gain (2a)

Unrecaptured

Sec. 1250 Gain

(2b)

Return of

Capital (3)

Section

199A

Dividends

(5)

1/31/22

$

0.3672

100

%

0

%

0

%

0

%

100

%

4/29/22

$

0.3672

100

%

0

%

0

%

0

%

100

%

7/29/22

$

0.3672

100

%

0

%

0

%

0

%

100

%

10/28/22

$

0.3672

100

%

0

%

0

%

0

%

100

%

TOTAL

$

1.4688

100

%

0

%

0

%

0

%

100

%

Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company

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 consisting primarily of neighborhood and community shopping centers, anchored by supermarkets, pharmacy/drug-stores and wholesale clubs, located in the metropolitan tri-state area outside of the City of New York. 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 212 consecutive quarters of uninterrupted dividends to its shareholders since its inception.

John T. Hayes, CFO or Willing Biddle, CEO

Urstadt Biddle Properties Inc.

203-863-8200

Source: Urstadt Biddle Properties Inc.

FAQ

What is the tax treatment of Urstadt Biddle Properties 2022 distributions?

The 2022 distributions for Urstadt Biddle Properties include substantial ordinary income and Section 199A dividends, with specific amounts and classifications outlined for Common, Class A Common, and Preferred shares.

How much did Urstadt Biddle Properties distribute in 2022?

In 2022, Urstadt Biddle Properties distributed $0.858 per Common share, $0.95 per Class A Common share, and $1.5625 per Preferred share.

What percentage of the distributions are classified as ordinary income for UBA and UBP?

For both UBA and UBP, approximately 96.52% of the distributions are classified as ordinary income.

How many consecutive dividend payments has Urstadt Biddle Properties made?

Urstadt Biddle Properties has made 212 consecutive quarters of uninterrupted dividend payments.
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Urstadt Biddle

NYSE:UBP

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UBP Latest News

Jun 7, 2023
Urstadt Biddle Properties Inc. Reports Second Quarter Operating Results For Fiscal 2023
Jun 1, 2023
Urstadt Biddle Properties Inc. Announces Quarterly Dividends on Class A Common and Common Shares and Preferred Stock
Mar 22, 2023
Urstadt Biddle Properties Inc. Announces Quarterly Dividends on Class A Common and Common Shares
Mar 10, 2023
Urstadt Biddle Properties Inc. Reports First Quarter Operating Results For Fiscal 2023
Dec 15, 2022
Urstadt Biddle Properties Inc. Reports Fourth Quarter and Fiscal 2022 Operating Results and Announcement of an Increase to the Common Stock and Class A Common Stock Dividends

UBP Stock Data

832.17M
29.92M
83.34%
5.94%
REIT - Retail
Real Estate
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United States
Greenwich