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

At their quarterly meeting on Friday June 5, 2020, the Directors of Urstadt Biddle Properties Inc. UBA, declared quarterly dividends on the Company's Class A Common Stock and Common Stock. The dividends were declared in the amounts of $0.07 for each share of Class A Common Stock and $0.0625 for each share of Common Stock. The dividends are payable July 17, 2020 to stockholders of record on July 3, 2020. See the Company's earnings press release, issued June 8, 2020, for a more detailed discussion of these dividends. The dividends represent the 202^nd consecutive quarterly dividend on common shares declared since the Company began operating in 1969.

The Board of Directors also declared the regular quarterly dividends on the Company's Series H Preferred Stock and Series K Preferred Stock. The dividends were declared in the amount of $0.390625 for each share of Series H Preferred Stock and $0.3672 for each share of the Series K Preferred Stock. The dividends are payable July 31, 2020 to stockholders of record on July 17, 2020.

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.3 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties. It has paid 201 consecutive quarters of uninterrupted dividends to its shareholders since its inception.

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