Urstadt Biddle Properties (UBA) 8-K Regulation FD Disclosure

URSTADT BIDDLE PROPERTIES INC.
SUPPLEMENTAL INFORMATION
April 30, 2014

URSTADT BIDDLE PROPERTIES INC

321 RAILROAD AVENUE

GREENWICH, CT 06830

203-863-8200

URSTADT BIDDLE PROPERTIES INC.
SUPPLEMENTAL INFORMATION
April 30, 2014

TABLE OF CONTENTS

1 -	CORE PORTFOLIO PROPERTY DETAILS
2 -	CORE PORTFOLIO SAME STORE OPERATING INCOME - SIX MONTHS ENDED APRIL 30, 2014
3 -	NEW AND RENEWAL LEASING STATISTICS - ROLLING 4 QUARTERS ENDED APRIL 30, 2014

Urstadt Biddle Properties Inc.

Core Portfolio Properties - Detail

As of April 30, 2014

																																	Property Demographics ₁
																																	3-Mile Radius
												Gross Leasable Area						Percentage Leased									Annualized Base Rent PSF for Leased Space						Total		Number of		Median Household		Average Household
Property Location	Property Name			Anchor Tenant's			% Owned			Year Acquired		Anchors		Shops		Total		Anchors			Shops			Total			Anchors		Shops		Total		Population		Households		Income		Income
Connecticut
Stamford	Ridgeway			Stop & Shop Supermarket				100	%		2002		60,000		288,053		348,053		100.0	%		99.2	%		99.4	%	$	33.71	$	30.23	$	30.83		131,009		50,189	$	86,975	$	115,118
Meriden	Townline Square			Big Y Supermarket & Burlington Coat Factory				100	%		1993		116,696		197,728		314,424		100.0	%		93.7	%		96.0	%	$	8.27	$	11.95	$	10.53		62,741		24,421		60,566		71,727
Stratford	The Dock			Stop & Shop Supermarket & BJ's Wholesale Club				100	%		2005		167,754		108,065		275,819		100.0	%		88.8	%		95.6	%	$	16.04	$	19.63	$	17.61		85,806		33,695		62,872		71,996
New Milford	New Milford Plaza			Wal-Mart & Stop & Shop Supermarket				100	%		2010		177,028		55,716		232,744		100.0	%		100.0	%		100.0	%	$	6.02	$	13.23	$	7.74		13,962		5,470		81,914		94,523
Danbury₂	Danbury Square			Christmas Tree Shops				100	%		1995		47,555		146,407		193,962		100.0	%		93.6	%		95.2	%	$	23.45	$	14.46	$	16.77		48,060		16,719		67,221		79,878
Darien	Goodwives			Stop & Shop Supermarket				100	%		1998		42,083		53,471		95,554		100.0	%		94.4	%		96.9	%	$	29.73	$	35.66	$	32.96		68,808		25,006		106,579		146,491
New Milford	Veteran's Plaza			Big Y Supermarket				100	%		2008		55,450		25,224		80,674		100.0	%		65.2	%		89.1	%	$	7.12	$	17.71	$	9.55		16,586		6,501		78,702		90,384
Orange	Orange Meadows			Trader Joe's Supermarket				100	%		2003		11,553		65,962		77,515		100.0	%		100.0	%		100.0	%	$	20.72	$	17.90	$	18.32		50,845		20,004		77,718		93,292
New Milford	Fairfield Plaza			TJ Max				100	%		2011		25,257		46,830		72,087		100.0	%		83.9	%		89.6	%	$	13.00	$	14.50	$	13.91		15,385		6,058		79,473		92,109
Fairfield	Fairfield Center			Marshalls				100	%		2011		32,714		28,949		61,663		100.0	%		100.0	%		100.0	%	$	20.25	$	23.21	$	21.64		39,162		13,536		145,799		192,762
Greenwich Offices		N/	A	Various				100	%	Various			-		57,936		57,936		0.0	%		83.1	%		83.1	%	$	-	$	28.29	$	28.29		70,820		26,000		109,587		164,731
Ridgefield		N/	A		N/	A		100	%		1998		-		51,037		51,037		0.0	%		86.7	%		86.7	%	$	-	$	24.39	$	24.39		21,536		7,876		146,207		199,313
Westport	Greens Farm			Pier One Imports				100	%		2003		14,100		25,353		39,453		100.0	%		83.5	%		89.4	%	$	29.73	$	28.56	$	29.03		32,385		11,774		159,230		222,786
Danbury	Airport Plaza			Buffalo Wild Wings				100	%		2002		8,116		24,914		33,030		100.0	%		40.2	%		54.9	%	$	26.95	$	31.70	$	29.58		49,025		17,097		66,458		78,825
Bethel	The Hub			Rite Aid & Bozzutos Inc				100	%		2014		21,480		9,460		30,940		100.0	%		100.0	%		100.0	%	$	19.06	$	22.95	$	20.25		61,425		22,020		64,551		71,708
Greenwich	Cos Cob Plaza			Jos. A Banks Clothing				100	%		2013		4,025		10,580		14,605		100.0	%		74.4	%		81.5	%	$	38.00	$	38.50	$	38.33		69,025		25,447		117,146		179,593
Monroe	Starbuck's Plaza			Starbucks				100	%		2007		1,658		8,483		10,141		100.0	%		100.0	%		100.0	%	$	38.50	$	22.81	$	25.37		16,558		5,814		117,079		138,773
Greenwich	Greenwich Commons			Cosi				100	%		2013		2,400		7,344		9,744		100.0	%		100.0	%		100.0	%	$	71.00	$	72.37	$	72.03		70,820		26,000		109,587		164,731
Waterbury		N/	A	Friendly's				100	%		2013		4,747		-		4,747		100.0	%		0.0	%		100.0	%	$	34.37	$	-	$	34.37		79,359		30,649		44,216		53,565
Unionville		N/	A	Friendly's				100	%		2013		3,254		-		3,254		100.0	%		0.0	%		100.0	%	$	15.19	$	-	$	15.19		26,353		10,340		95,338		120,209
													795,870		1,211,512		2,007,382		100.0	%		92.3	%		95.3	%	$	15.56	$	21.99	$	19.38
New York
Yorktown	Staples Plaza			Staples				100	%		2005		24,000		176,367		200,367		100.0	%		37.5	%		45.0	%	$	16.50	$	21.28	$	20.00		33,270		11,759		101,560		118,703
White Plains	Westchester Pavilion			Sports Authority and Toys "R" Us				100	%		2003		89,850		97,511		187,361		100.0	%		32.1	%		64.7	%	$	24.69	$	21.77	$	23.94		104,063		40173		104,821		132,219
Ossining	Arcadian			Stop & Shop Supermarket				100	%		1998		64,858		73,662		138,520		100.0	%		100.0	%		100.0	%	$	11.26	$	23.38	$	17.71		40,716		13,639		112,959		134,395
Somers	Somers Commons			Home Goods				100	%		2003		30,000		104,760		134,760		100.0	%		87.7	%		90.5	%	$	17.50	$	20.57	$	19.82		33,939		12,450		103,805		115,540
Carmel	Shop Rite Center			ShopRite Supermarket				100	%		1995		48,806		80,078		128,884		100.0	%		96.1	%		97.6	%	$	11.03	$	14.38	$	13.08		17,424		6,253		93,269		105,909
Somers	Somerstown Center			CVS				100	%		1999		14,013		66,401		80,414		100.0	%		90.7	%		92.3	%	$	31.07	$	29.70	$	29.96		18,825		7,326		119,110		143,797
Orangeburg	Orangetown Shopping Center			CVS				14	%		2012		12,410		61,849		74,259		100.0	%		90.3	%		91.9	%	$	28.29	$	16.96	$	19.02		34,668		11,883		104,300		127,658
Eastchester	Eastchester Mall			A&P Fresh				100	%		1997		29,754		40,132		69,886		100.0	%		100.0	%		100.0	%	$	3.71	$	33.99	$	21.09		111,440		42,193		146,297		186,590
Rye		N/	A	Cosi				100	%		2004		2,455		36,537		38,992		100.0	%		95.7	%		96.0	%	$	54.64	$	29.95	$	31.57		80,165		28,103		106,604		153,053
Briarcliff Manor	Chilmark			CVS				100	%		2001		13,900		26,698		40,598		100.0	%		87.8	%		91.9	%	$	36.00	$	33.63	$	34.51		55,048		18,220		121,825		150,372
Ossining	Rockledge			Westchester Community College				100	%		1999		12,558		16,449		29,007		100.0	%		100.0	%		100.0	%	$	14.25	$	20.03	$	17.53		40,811		13,705		112,272		133,681
Katonah	Village Commons			Mrs. Green's				100	%		2010		2,836		25,119		27,955		100.0	%		100.0	%		100.0	%	$	41.48	$	37.17	$	37.60		14,947		4,894		131,557		182,505
Pelham		N/	A	Gristede's Supermarket				100	%		2006		10,000		15,640		25,640		100.0	%		92.8	%		95.6	%	$	18.00	$	44.78	$	33.86		297,881		112,401		61,377		76,864
Eastchester	Eastchester Plaza			CVS				100	%		2012		13,506		10,198		23,704		100.0	%		100.0	%		100.0	%	$	27.83	$	35.96	$	31.33		176,909		68,597		107,873		134,690
Bronxville & Yonkers		N/	A	People's United Bank & JP Morgan Chase Bank				100	%		2008 & 2009		16,527		2,278		18,805		100.0	%		100.0	%		100.0	%	$	24.98	$	29.50	$	25.53		254,868		97,349		77,713		95,179
Somers	Heritage 202			Putnam County Savings Bank				100	%		1992		3,184		16,074		19,258		100.0	%		100.0	%		100.0	%	$	41.06	$	29.32	$	31.27		19,978		7,698		117,392		141,086
Carmel		N/	A	Friendly's				100	%		2013		3,660		-		3,660		100.0	%		0.0	%		100.0	%	$	35.43	$	-	$	35.43		19,094		6,802		90,862		104,003
Kingston		N/	A	Friendly's				100	%		2013		3,460		-		3,460		100.0	%		0.0	%		100.0	%	$	20.77	$	-	$	20.77		19,113		7,864		49,465		59,514
													395,777		849,753		1,245,530		100.0	%		75.2	%		83.1	%	$	19.04	$	24.35	$	22.32

New Jersey
New Providence	Village Shopping Center			A&P Supermarket			100	%	2013	45,540	63,061	108,601	100.0	%	77.5	%	86.9	%	$	20.00	$	32.94	$	26.70	61,922	22,078	144,650	188,830
Newark	Ferry Plaza			Pathmark Supermarket			84	%	2008	63,433	44,439	107,872	100.0	%	66.2	%	86.1	%	$	20.15	$	29.65	$	23.16	217,910	72,283	42,507	51,497
Wayne	Valley Ridge			A&P Supermarket			100	%	1992	36,000	66,125	102,125	100.0	%	94.2	%	96.2	%	$	14.10	$	29.89	$	24.11	44,589	15,684	89,700	106,009
Emerson	Shop Rite Plaza			ShopRite Supermarket			100	%	2007	53,450	39,600	93,050	100.0	%	79.8	%	91.4	%	$	8.95	$	24.25	$	14.64	93,236	32,727	107,812	122,143
Bloomfield	Bloomfield A&P Center			A&P Supermarket and Walgreen's			100	%	2014	39,700	16,635	56,335	100.0	%	100.0	%	100.0	%	$	5.11	$	32.32	$	13.15	285,076	107,498	64,739	78,256
Boonton	Boonton A&P Center			A&P Supermarket			100	%	2014	49,463	13,278	62,741	100.0	%	100.0	%	100.0	%	$	19.21	$	29.97	$	21.48	44,917	16,884	106,868	129,527
Waldwick		N/	A	Rite Aid			100	%	2007	20,000	-	20,000	100.0	%	0.0	%	100.0	%	$	22.62	$	-	$	22.62	76,754	27,193	142,405	185,006
Bernardsville		N/	A		N/	A	100	%	2013	-	14,380	14,380	0.0	%	73.2	%	73.2	%	$	-	$	27.34	$	27.34	19,059	6,593	145,235	207,918
Chester		N/	A	Clockwork Day Care			100	%	2013	9,120	-	9,120	100.0	%	0.0	%	100.0	%	$	25.50	$	-	$	25.50	9,447	3,218	164,650	250,629
Bloomfield		N/	A	Friendly's			100	%	2013	2,630	-	2,630	100.0	%	0.0	%	100.0	%	$	41.33	$	-	$	41.33	191,823	73,393	83,381	102,344
Hillsdale		N/	A	Friendly's			100	%	2013	2,457	-	2,457	100.0	%	0.0	%	100.0	%	$	32.61	$	-	$	32.61	76,705	27,153	119,354	136,990
										321,793	257,518	579,311	100.0	%	82.6	%	92.2	%	$	16.16	$	29.79	$	21.58
Massachusetts
Springfield	Five Town Plaza			Big Y Supermarket & Burlington Coat Factory			100	%	1970	147,363	181,009	328,372	100.0	%	74.2	%	85.8	%	$	10.61	$	11.58	$	11.07	71,429	26,694	57,681	67,143
New Hampshire
Newington	Newington Plaza			Savers			100	%	1979	27,167	74,936	102,103	100.0	%	95.2	%	96.5	%	$	9.80	$	16.28	$	14.50	17,701	8,590	64,817	76,847
Total Consolidated										1,687,970	2,574,728	4,262,698	100.0	%	84.5	%	90.6	%	$	15.97	$	22.61	$	19.74
Unconsolidated Joint Ventures
Scarsdale, NY	Midway Shopping Center			ShopRite Supermarket			12	%	2010	69,692	177,775	247,467	100.0	%	98.9	%	99.2	%	$	13.44	$	30.92	$	25.96	114,418	43,359	132,018	162,698
Carmel, NY	Putnam Plaza			Hannaford Brothers			67	%	2010	60,858	128,618	189,476	100.0	%	92.6	%	95.0	%	$	6.94	$	17.37	$	13.84	19,114	6,812	90,765	103,841
Riverhead, NY	Gateway Plaza			Walmart			50	%	2014	167,951	27,000	194,951	100.0	%	85.2	%	97.9	%	$	6.15	$	24.00	$	8.30	16,475	6,032	61,909	70,656
Montvale, NJ	Chestnut Ridge			The Fresh Market Inc.			50	%	2013	19,205	57,060	76,265	100.0	%	95.8	%	96.9	%	$	22.05	$	29.09	$	27.26	52,743	18,568	135,691	162,154
Spring Valley, NY	Plaza 59			Spring Valley Foods Inc.			50	%	2013	3,355	21,000	24,355	100.0	%	71.4	%	75.4	%	$	36.86	$	35.59	$	35.82	88,092	28,853	92,610	105,302
Riverhead, NY	Applebee's Plaza			Applebee's			50	%	2014	5,363	-	5,363	100.0	%	0.0	%	100.0	%	$	23.39	$	-	$	23.39	16,475	6,032	61,909	70,656
Total Unconsolidated										326,424	411,453	737,877	100.0	%	94.2	%	96.8	%	$	9.39	$	26.27	$	18.55
Total Core Portfolio										2,014,394	2,986,181	5,000,575	100.0	%	85.8	%	91.5	%	$	14.90	$	23.17	$	19.56

Note 1 - Demographics provided by Applied Geographic Solutions, 4/2013

Note 2 - Leased square footage includes 65,700 of square feet for Toy's "R" Us and Babies "R" Us at zero rent

1

Urstadt Biddle Properties Inc.

Core Portfolio Same - Store Operating Income Disclosure

(in thousands, except for number of properties and percentages)

	Six Months Ended April 30,									Three Months Ended April 30,
	2014			2013			% Change			2014			2013			% Change
Number of Properties	46			46						46			46
Core property leased rate		90.60	%		90.80	%		-0.20	%
Core property occupancy rate		87.40	%		89.70	%		-2.30	%
Revenue (Note 2)
Minimum Rent	$	33,513		$	33,277			0.71	%	$	16,853		$	16,688			1.0	%
Recoveries from tenants		11,870			11,850			0.17	%		5,929			5,539			7.0	%
Other property income		466			453			2.85	%		244			290			-15.9	%
		45,849			45,579			0.59	%		23,026			22,516			2.3	%
Expenses
Property operating		7,346			6,950			5.70	%		4,085			3,147			29.8	%
Property taxes		7,882			7,490			5.23	%		3,865			3,697			4.5	%
Other non-recoverable operating expenses		1,033			907			13.96	%		576			371			55.5	%
		16,261			15,347			5.96	%		8,526			7,215			18.2	%
Net Operating Income	$	29,588		$	30,233			-2.13	%	$	14,500		$	15,302			-5.2	%
Operating Expense Ratio (Note 1)		78.0	%		82.1	%		-5.01	%		74.6	%		80.9	%		-7.8	%

Note 1 - Represents the percentage of property operating expense and real estate tax expense recovered from tenants under operating leases

Note 2 - Excludes straight line rent, above/below market lease rent, lease termination fees and property income

2

Urstadt Biddle Properties Inc.

Leasing Activity

Rolling Last 4 Quarters ended April 30, 2014

	Leases		Square		New Rent		Prior Rent		Cash Basis
	Signed		Feet		Per Sq. Ft (a)		Per Sq. Ft. (a)		Change
Total Comparable Leases:
2nd Quarter 2014		36		134,548	$	21.32	$	20.96		1.8	%
1st Quarter 2014		30		123,861	$	18.64	$	18.04		3.3	%
4th Quarter 2013		51		191,862	$	20.15	$	18.75		7.5	%
3rd Quarter 2013		30		199,207	$	13.30	$	13.20		0.8	%
Totals		147		649,478		18.00		17.37		0.04	%
New Leases - Comparable:
2nd Quarter 2014		17		49,000	$	24.39	$	24.23		0.7	%
1st Quarter 2014		11		25,763	$	21.38	$	16.42		30.2	%
4th Quarter 2013		26		46,257	$	28.66	$	25.51		12.4	%
3rd Quarter 2013		9		36,171	$	15.66	$	16.60		-5.7	%
Totals		63		157,191	$	23.15	$	21.57		7.3	%
Renewals - Comparable:
2nd Quarter 2014		19		85,548	$	19.57	$	19.09		2.5	%
1st Quarter 2014		19		98,098	$	17.92	$	18.46		-2.9	%
4th Quarter 2013		25		145,605	$	17.45	$	16.60		5.1	%
3rd Quarter 2013		21		163,036	$	12.77	$	12.44		2.7	%
Totals		84		492,287	$	16.36	$	16.03		2.1	%

(a) New rent per sq. ft. represents the minimum cash rent under the new lease for the first 12 months of the term.  Prior rent per sq.

ft. represents the minimum cash rent under the prior lease for the last 12 months of the previous term.

3