Urstadt Biddle Properties Inc. Announces Closing of Class A Common Stock Offering

Urstadt Biddle Properties Inc. (the “Company”) (NYSE:UBA), a self-administered equity real estate investment trust, today announced the closing of its previously announced underwritten public offering of 2,750,000 shares of its Class A common stock, resulting in approximately $64.0 million of proceeds to the Company before offering expenses. Deutsche Bank Securities Inc. acted as sole book-running manager for the public offering.

The Company intends to use the net proceeds to repay in full the outstanding borrowings under the Company's existing credit facility, including borrowings incurred in connection with the completion of the acquisition of the Newfield Green Shopping Center in Stamford, CT, with any remaining proceeds to be used for general corporate purposes. Pending the use of the net proceeds as described above, the Company may use the net proceeds to make investments in short-term, income-producing securities that are consistent with its qualification as a REIT.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement.

A final prospectus supplement and accompanying base prospectus related to the offering has been filed with the Securities and Exchange Commission (the “SEC”). Copies of the final prospectus supplement and accompanying base prospectus may be obtained by contacting Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling 1-800-503-4611 or by emailing [e-mail].

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 74 properties containing approximately 5.0 million square feet of space. 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 186 consecutive quarters of uninterrupted dividends to its stockholders since its inception and has raised total dividends to its stockholders for the last 22 consecutive years.

This press release contains statements that constitute “forward-looking statements,” including with regard to the anticipated use of the net proceeds. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. No assurance can be given that the net proceeds of the offering will be used as indicated. These statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in or incorporated by reference into the Risk Factors section of the Company’s Registration Statement on Form S-3. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

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Urstadt Biddle Properties Inc.Willing L. Biddle, 203-863-8200President and CEOorJohn T. Hayes, 203-863-8200Senior Vice President & CFO