Urstadt Biddle Properties Inc. (“UBP”) is a Real Estate Investment Trust (“REIT”) founded in 1969, whose primary investments are grocery-anchored shopping centers in the New York Metropolitan area. We were formerly known as HRE Properties and our name was changed in 1998 to our present name to recognize the major shareholders and leadership of the Company and reduce confusion in the market. We own over 63 properties comprising over 5.0 million square feet of gross leasable area.

As a REIT we are not required to pay federal income taxes. The basic requirement of a REIT is that it must be primarily in the business of owning real estate and pay dividends to shareholders equal to at least 90% of its taxable income. Our general business plan is to own open air shopping centers and retail properties in the New York Metro area with a focus on communities within commuting distance to New York City, to self manage and lease all our properties, to have a conservative amount of debt, and keep our ownership relatively simple by investing in fee positions (owning the land and buildings) and avoiding, if possible, complicated joint venture or leasehold investments. We strive to buy well located properties in our market where we can increase the cash flow over time through renovation and/or leasing that will improve the tenant’s businesses and make the property more valuable. Our philosophy recognizes that it often can take many years for a property to reach its full potential. Although commercial real estate can a be risky business, we have chosen to avoid developing vacant land into shopping centers and we are in the more stable business of buying existing shopping centers and improving them.

We are experienced in designing tax efficient structures for sellers wishing to defer capital gains taxes through the formation of DownREITS and other partnership forms. We are also experienced in assisting owners wishing to buyout partners or resolve partnership disputes and divergent interests of potential sellers. Additionally, we provide property management and leasing services for other property owners in our target market.

We have two Classes of Common Stock that are traded on the New York Stock Exchange under the ticker symbols UBP and UBA. These stocks are virtually identical in their rights except UBA receives at least a 10% higher dividend than UBP and has 1/20th of the vote that a share of UBP has. As of January 31, 2013, there were 23.5 million shares of UBA outstanding and 9.0 million shares of UBP outstanding. The majority of the UBP shares are owned by management who tend not to sell or trade their shares. Thus, UBA is much more liquid and is the stock that most institutions choose to invest in. We also have three classes of Preferred Stock, all of which trade on the New York Stock Exchange under the ticker symbols UBPPRC, UBPPRD, and UBPRF.

We are proud of our accomplishments and optimistic about our future and invite you to explore the rest of our website to learn more about the Company and depending on your interests either consider leasing stores from us, talking to us about a property you own or represent for sale, or invest alongside management in the publicly traded equity of our Company.