GREENWICH, CT (REIT Media) March 7, 2008 - At their regular meeting, the Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP), declared quarterly dividends on the Company’s Class A Common Stock and Common Stock. The dividends were declared in the amount of 23.75¢ for each share of Class A Common Stock and 21.50¢ for each share of Common Stock. The dividends are payable April 18, 2008 to stockholders of record on April 4, 2008. The dividends were unchanged from the previous quarterly rates and represent the 153^rd consecutive quarterly dividend on common shares declared since the Company began operating in 1969.

The Directors of UBP also declared the regular quarterly dividends on the Company’s Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock. The dividends were declared in the amount of $2.2475 for each share of Series B Preferred Stock, $2.125 for each share of Series C Preferred Stock and $.46875 for each share of Series D Preferred Stock. The dividends are payable April 30, 2008 to stockholders of record on April 18, 2008.

UBP is a self-administered equity real estate investment trust providing investors with a means of participating in ownership of income-producing properties and investment liquidity. UBP owns or has interest in 42 properties containing 3.7 million square feet of space. UBP’s core properties consist principally of community shopping centers located in the northeast with a concentration in suburban New York, Connecticut and New Jersey.

Urstadt Biddle Properties Inc.
James R. Moore, CFO or Willing Biddle, COO
203-863-8200