Urstadt Biddle Properties Inc. Announces Quarterly Dividends

At their regular meeting, the Directors of Urstadt Biddle Properties Inc. UBA and UBP, declared quarterly dividends on the Company's Class A Common Stock and Common Stock. The dividends were declared in the amounts of $0.2450 for each share of Class A Common Stock and $0.2225 for each share of Common Stock.

The dividends are payable April 15, 2011 to stockholders of record on April 1, 2011. The dividends were unchanged from the previous quarterly rates and represent the 165th consecutive quarterly dividend on common shares declared since the Company began operating in 1969.