Urstadt Biddle Properties Inc. Reports Fourth Quarter EPS of $.13

Urstadt Biddle Properties Inc. UBA today announced its fourth quarter and full year financial results for the fiscal year ended October 31, 2010. Diluted funds from operations for the quarter ended October 31, 2010 amounted to $8,079,000 or $0.28 per Common share and $0.30 per Class A Common share compared with $6,958,000 or $0.25 per Common share and $0.28 per Class A Common share in last year's fourth quarter. Net income applicable to Common and Class A Common stockholders for the quarter ended October 31, 2010 amounted to $3,903,000 or $0.13 per diluted Common share and $0.15 per diluted Class A Common share compared with $3,157,000 or $0.11 per diluted Common share and $0.13 per diluted Class A Common share in last year's fourth quarter.