Yahoo Finance Urstadt Biddle Properties Inc.'s (NYSE:UBA) CEO Compensation Looks Acceptable To Us And Here's Why
Key Insights
Urstadt Biddle Properties' Annual General Meeting to take place on 22nd of March
Salary of US$425.3k is part of CEO Wing Biddle's total remuneration
The overall pay is comparable to the industry average
Urstadt Biddle Properties' FFO grew by 4.9% per year over the past three years while total shareholder return over the past three years was 88%
CEO Wing Biddle has done a decent job of delivering relatively good performance at Urstadt Biddle Properties Inc. (NYSE:UBA) recently. This is something shareholders will keep in mind as they cast their votes on company resolutions such as executive remuneration in the upcoming AGM on 22nd of March. Based on our analysis of the data below, we think CEO compensation seems reasonable for now.
View our latest analysis for Urstadt Biddle Properties
Comparing Urstadt Biddle Properties Inc.'s CEO Compensation With The Industry
Our data indicates that Urstadt Biddle Properties Inc. has a market capitalization of US$648m, and total annual CEO compensation was reported as US$2.5m for the year to October 2022. We note that's an increase of 42% above last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at US$425k.
On comparing similar companies from the American REITs industry with market caps ranging from US$400m to US$1.6b, we found that the median CEO total compensation was US$3.5m. This suggests that Urstadt Biddle Properties remunerates its CEO largely in line with the industry average. Furthermore, Wing Biddle directly owns US$26m worth of shares in the company, implying that they are deeply invested in the company's success.
Component | 2022 | 2021 | Proportion (2022) |
Salary | US$425k | US$410k | 17% |
Other | US$2.0m | US$1.3m | 83% |
Total Compensation | US$2.5m | US$1.7m | 100% |
Talking in terms of the industry, salary represented approximately 13% of total compensation out of all the companies we analyzed, while other remuneration made up 87% of the pie. According to our research, Urstadt Biddle Properties has allocated a higher percentage of pay to salary in comparison to the wider industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.
Urstadt Biddle Properties Inc.'s Growth
Urstadt Biddle Properties Inc.'s funds from operations (FFO) grew 4.9% per yearover the last three years. It achieved revenue growth of 5.3% over the last year.
We'd prefer higher revenue growth, but we're happy with the modest FFO growth. It's clear the performance has been quite decent, but it it falls short of outstanding,based on this information. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..
Has Urstadt Biddle Properties Inc. Been A Good Investment?
We think that the total shareholder return of 88%, over three years, would leave most Urstadt Biddle Properties Inc. shareholders smiling. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.
To Conclude...
Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. In saying that, any proposed increase to CEO compensation will still be assessed on how reasonable it is based on performance and industry benchmarks.
While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. That's why we did some digging and identified 3 warning signs for Urstadt Biddle Properties that investors should think about before committing capital to this stock.
Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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