Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. NEW YORK ( TheStreet) -- Urstadt Biddle Properties (NYSE: UBA) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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- UBA's revenue growth has slightly outpaced the industry average of 6.8%. Since the same quarter one year prior, revenues slightly increased by 7.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- Net operating cash flow has increased to $14.74 million or 13.37% when compared to the same quarter last year. In addition, URSTADT BIDDLE PROPERTIES has also modestly surpassed the industry average cash flow growth rate of 5.81%.
- URSTADT BIDDLE PROPERTIES reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, URSTADT BIDDLE PROPERTIES reported lower earnings of $0.30 versus $0.39 in the prior year. This year, the market expects an improvement in earnings ($0.65 versus $0.30).
- The net income growth from the same quarter one year ago has exceeded that of the Real Estate Investment Trusts (REITs) industry average, but is less than that of the S&P 500. The net income increased by 5.5% when compared to the same quarter one year prior, going from $7.06 million to $7.45 million.