Urstadt Biddle Properties Inc. Announces Closing of Over-Allotment Option for Class A Common Stock Offering

Urstadt Biddle Properties Inc. (the “Company”) (NYSE:UBA), a self-administered equity real estate investment trust, today announced that the underwriter of the previously announced public offering of 2,750,000 shares of its Class A common stock has exercised in full its option to purchase an additional 412,500 shares of Class A common stock from the Company, resulting in approximately $9.6 million of additional proceeds to the Company before offering expenses.

The Company intends to use the additional net proceeds for general corporate purposes. Pending such use of the net proceeds, 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.

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, President and CEOorJohn T. Hayes, Senior Vice President & CFO203-863-8200