Urstadt Biddle Properties Inc. Announces Increases in Quarterly Dividends on Class A Common and Common Shares.

GREENWICH, Conn. -- At their regular meeting today, the Directors of Urstadt Biddle Properties Inc., (NYSE: UBA and UBP) increased the quarterly dividends on the Company's Class A Common Stock and Common Stock. The dividends were declared in the amount of 22.5 cents for each share of Class A Common Stock and 20.25 cents for each share of Common Stock. The dividends are payable January 20, 2006 to stockholders of record on January 6, 2006. The dividends were increased from the previous quarterly rates of 22 cents per class A common share and 20 cents per common share, and represent the 144th consecutive quarterly dividend on common shares declared since the Company began operating in 1969 and the twelfth annual increase in the common stock dividend rate.

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 January 31, 2006 to stockholders of record on January 20, 2006.

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 34 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 Fairfield County, Connecticut and Westchester and Putnam Counties, New York.