GREENWICH, CT (REIT Media) June 5, 2008 - At their regular meeting, the Directors of Urstadt Biddle Properties Inc. (NYSE: UBA), 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 July 18, 2008 to stockholders of record on July 3, 2008. The dividends were unchanged from the previous quarterly rates and represent the 154^th 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 C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock. The dividends were declared in the amount of $2.125 for each share of Series C Preferred Stock, $0.46875 for each share of Series D Preferred Stock and $.53125 for each share of Series E Preferred Stock. The dividends are payable July 31, 2008 to stockholders of record on July 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 43 properties containing 3.8 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