Urstadt Biddle Properties Raises Qtr. Dividend from $0.2475 to $0.25/Share

At their regular meeting yesterday, the Directors of Urstadt Biddle PropertiesInc. (NYSE: UBA) (NYSE: UBP) approved an increase in the quarterly dividend ratedeclared for its Class A Common stock. The quarterly dividend rate declaredfor the Class A Common stock was increased to $0.25 per share, whichrepresents an annualized increase of $0.01 per share for the Class A Commonshares. In consideration of the company's charter requirement that the Class ACommon dividend rate be at least 10% higher than the Common dividend rate, theBoard of Directors declared a quarterly dividend for the Common shares of$0.225 per share, unchanged from the prior year. The $0.01 increase on theClass A Common stock dividend represents the nineteenth consecutive year thatthe company has increased total dividends to its shareholders. The Class ACommon and Common dividends are payable January 18, 2013 to stockholders ofrecord on January 4, 2013. The dividends declared represent the 172ndconsecutive quarterly dividend on common shares declared since the Companybegan operating in 1969.