Nearing a 10 percent dividend! My brokerage called UBA a "low risk" stock when it was $15. So I guess the risk has been cut by one third. (but they did say it may be caught in the sector downdrift which would likely take it lower.)
Has anyone checked to see how safe the divi is for UBA? I hope to get some time over the next week or so to check on their debt levels, debt maturities and lease expirations for major tenants. This is usually outlined in their annual report. If anyone has checked recently and would like to post their findings I would appreciate hearing from you. Lets see if we can figure out if this is a great buying opportunity or something else.
They did list their debts and list of properties that are totally paid for. I do know about the White Plains complex they own. One of the stores is empty because Boarders moved out but they are in the process of trying to get it rented out. Also in that same building they have just leased space for long term to the Westchester Board of Realtors. Bottom level is Toys are Us. So if they get the Boarders store rented will be in good shape. Economy has a big play on all malls.