Urstadt Biddle Properties 8K Results of Operations and Financial Condition | UBA 13 Jan 17

EXHIBIT 99.1

URSTADT BIDDLE PROPERTIES INC.

SUPPLEMENTAL INFORMATION

October 31, 2016

URSTADT BIDDLE PROPERTIES INC

321 RAILROAD AVENUE GREENWICH, CT 06830

203‐863‐8200

URSTADT BIDDLE PROPERTIES INC.

SUPPLEMENTAL INFORMATION

October 31, 2016

TABLE OF CONTENTS

1 -

PROPERTY PORTFOLIO

2 -

INVESTMENT PROPERTY SAME STORE OPERATING INCOME – THREE AND TWELVE MONTH PERIODS ENDED October 31, 2016 AND 2015

3 -

NEW AND RENEWAL LEASING STATISTICS – ROLLING 4 QUARTERS ENDED October 31, 2016

URSTADT BIDDLE PROPERTIES INC.

Property Portfolio - Detail

As Of October 31, 2016



																														3-Mile Radius
									Gross Leasable Area						Percentage Leased									Annualized Base Rent PSF for Leased Space						Total Population		Number of Households		Median Household Income		Average Household Income
	Property Location	Property Name	Anchor Tenant's	% Owned			Year Acquired		Anchors		Shops		Total		Anchors			Shops			Total			Anchors		Shops		Total		Total Population		Number of Households		Median Household Income		Average Household Income
	Connecticut
	Stamford	Ridgeway	Stop & Shop Supermarket		100	%		2002		60,000		314,000		374,000		100.00	%		98.29	%		98.56	%	$	33.71	$	28.19	$	29.09		131,009		50,189	$	86,975	$	115,118
	Stratford	The Dock	Stop & Shop Supermarket / BJ's Wholesale		100	%		2005		167,754		110,731		278,485		100.00	%		100.00	%		100.00	%	$	16.04	$	20.85	$	17.95		85,806		33,695		62,872		71,996
	New Milford	New Milford Plaza	Wal-Mart / Stop & Shop Supermarket		100	%		2010		177,028		58,096		235,124		100.00	%		100.00	%		100.00	%	$	6.02	$	14.20	$	8.04		13,962		5,470		81,914		94,523
	Danbury₂	Danbury Square	Christmas Tree Shops		100	%		1995		47,555		146,407		193,962		100.00	%		97.55	%		98.15	%	$	23.45	$	14.66	$	16.85		48,060		16,719		67,221		79,878
	Darien	Goodwives	Stop & Shop Supermarket		100	%		1998		42,083		53,705		95,788		100.00	%		93.24	%		96.21	%	$	29.73	$	37.13	$	33.75		68,808		25,006		106,579		146,491
	New Milford	Veteran's Plaza	Big Y Supermarket		100	%		2008		55,450		25,821		81,271		100.00	%		74.90	%		92.02	%	$	7.61	$	19.59	$	10.71		16,586		6,501		78,702		90,384
	Orange	Orange Meadows	Trader Joe's Supermarket		100	%		2003		11,553		66,153		77,706		100.00	%		95.37	%		96.06	%	$	20.72	$	18.80	$	19.10		50,845		20,004		77,718		93,292
	Stamford	Newfield Green	Grade A Market		100	%		2016		30,780		43,308		74,088		100.00	%		93.12	%		95.98	%	$	21.86	$	47.28	$	36.28		128,501		50,794		96,887		129,256
	New Milford	Fairfield Plaza	TJ Max		100	%		2011		25,257		46,730		71,987		100.00	%		76.78	%		84.93	%	$	13.00	$	15.40	$	14.41		15,385		6,058		79,473		92,109
	Fairfield	Fairfield Center	Marshalls		100	%		2011		32,714		28,939		61,653		100.00	%		100.00	%		100.00	%	$	22.28	$	23.77	$	22.98		39,162		13,536		145,799		192,762
	Greenwich Offices	Various	Various		100	%	Various			-		57,923		57,923		0.00	%		91.74	%		91.74	%	$	-	$	31.36	$	31.36		70,820		26,000		109,587		164,731
	Ridgefield	Ridgefield	N/A		100	%		1998		-		51,996		51,996		0.00	%		90.87	%		90.87	%	$	-	$	23.34	$	23.34		21,536		7,876		146,207		199,313
	Greenwich	Cos Cob Commons	CVS		100	%		2014		15,629		32,069		47,698		100.00	%		95.44	%		96.93	%	$	58.05	$	36.20	$	43.59		69,025		25,447		117,146		179,593
	Greenwich	Kings Shopping Center	Kings Supermarket		100	%		2014		18,432		20,630		39,062		100.00	%		91.40	%		95.46	%	$	25.00	$	35.81	$	30.46		69,025		25,447		117,146		179,593
	Westport	Greens Farm	N/A		100	%		2003		-		39,654		39,654		0.00	%		64.44	%		64.44	%	$	-	$	28.59	$	28.59		32,385		11,774		159,230		222,786
	Danbury	Airport Plaza	Buffalo Wild Wings		100	%		2002		8,116		24,572		32,688		100.00	%		100.00	%		100.00	%	$	26.95	$	28.81	$	28.35		49,025		17,097		66,458		78,825
	Bethel	The Hub	Rite Aid & Nutmeg Liquors		100	%		2014		21,480		9,460		30,940		100.00	%		100.00	%		100.00	%	$	20.35	$	25.62	$	21.96		61,425		22,020		64,551		71,708
	Stamford	970 High Ridge	FedEx Offices		100	%		2016		6,734		20,599		27,333		100.00	%		100.00	%		100.00	%	$	41.00	$	29.46	$	32.30		54,667		20,341		142,800		185,482
	Greenwich	Cos Cob Plaza	Jos. A Banks Clothing		100	%		2013		4,025		10,827		14,852		100.00	%		84.36	%		88.60	%	$	41.00	$	45.53	$	44.15		69,025		25,447		117,146		179,593
	Monroe	Starbuck's Plaza	Starbucks		100	%		2007		1,658		8,483		10,141		100.00	%		100.00	%		100.00	%	$	38.53	$	22.05	$	24.75		16,558		5,814		117,079		138,773
	Greenwich	Greenwich Commons	Wells Fargo		100	%		2013		2,400		7,344		9,744		100.00	%		67.32	%		75.37	%	$	80.00	$	78.53	$	79.01		70,820		26,000		109,587		164,731
	Unionville	Friendly's - Unionville	N/A		100	%		2013		2,530		-		2,530		0.00	%		0.00	%		0.00	%	$	-	$	-	$	-		26,353		10,340		95,338		120,209
										731,178		1,177,447		1,908,625		99.7	%		94.3	%		96.4	%	$	18.19	$	25.51	$	22.61
	New York
	Yorktown	Staples Plaza	Staples		100	%		2005		15,322		105,235		120,557		100.0	%		69.0	%		72.9	%	$	16.50	$	21.02	$	20.23		33,270		11,759		101,560		118,703
	Ossining	Arcadian	Stop & Shop Supermarket		100	%		1998		64,858		72,399		137,257		100.0	%		91.7	%		95.6	%	$	12.13	$	25.48	$	18.88		33,939		12,450		103,805		115,540
	Somers	Somers Commons	Home Goods		100	%		2003		30,000		104,760		134,760		100.0	%		94.5	%		95.8	%	$	17.50	$	21.56	$	20.61		17,424		6,253		93,269		105,909
	Carmel	Carmel ShopRite Center	ShopRite Supermarket		100	%		1995		48,806		80,078		128,884		100.0	%		93.1	%		95.7	%	$	12.00	$	15.25	$	13.97		18,825		7,326		119,110		143,797
	Somers	Towne Centre at Somers	CVS		100	%		1999		14,013		66,401		80,414		100.0	%		86.1	%		88.5	%	$	31.07	$	29.60	$	29.89		34,668		11,883		104,300		127,658
	Orangeburg	Orangetown Shopping Center	CVS		34	%		2012		12,410		61,849		74,259		100.0	%		87.2	%		89.3	%	$	28.29	$	18.38	$	20.23		111,440		42,193		146,297		186,590
	Eastchester	Eastchester Mall	Acme Supermarket		100	%		1997		29,754		40,132		69,886		100.0	%		100.0	%		100.0	%	$	10.00	$	34.98	$	24.34		227,135		87,166		66,880		80,041
	Yonkers	McLean Shopping Center	Acme Supermarket		54	%		2014		35,000		22,989		57,989		100.0	%		100.0	%		100.0	%	$	2.09	$	46.63	$	19.75		555,073		205,526		52,527		63,144
	Rye	Rye Portfolio	N/A		100	%		2004		-		38,782		38,782		0.0	%		100.0	%		100.0	%	$	-	$	35.44	$	35.44		80,165		28,103		106,604		153,053
	Briarcliff Manor	Chilmark	CVS		100	%		2001		13,900		32,838		46,738		100.0	%		76.5	%		83.5	%	$	36.00	$	34.52	$	35.05		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	%	$	17.25	$	21.42	$	19.62		40,811		13,705		112,272		133,681
	Katonah	Village Commons	Katonah Pharmacy		100	%		2010		2,836		25,152		27,988		100.0	%		92.7	%		93.5	%	$	41.50	$	40.66	$	40.75		14,947		4,894		131,557		182,505
	Harrison	Harrison Shopping Center	Key Food		100	%		2015		12,018		14,175		26,193		100.0	%		100.0	%		100.0	%	$	22.00	$	38.36	$	30.85		69,000		24,883		126,551		193,039
	Pelham	Pelham	Mason Supermarket		100	%		2006		10,000		14,915		24,915		100.0	%		92.5	%		95.5	%	$	20.00	$	38.95	$	30.99		297,881		112,401		61,377		76,864
	Eastchester	Eastchester Plaza	CVS		100	%		2012		13,506		10,195		23,701		100.0	%		100.0	%		100.0	%	$	30.50	$	37.64	$	33.57		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	%	$	27.25	$	31.50	$	27.77		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	%	$	45.50	$	27.51	$	30.48		19,978		7,698		117,392		141,086
	Carmel	Friendly's - Carmel	N/A		100	%		2013		-		3,660		3,660		0.0	%		0.0	%		0.0	%	$	-	$	-	$	-		19,094		6,802		90,862		104,003
	Kingston	Kingston	Taste of Italy		100	%		2013		3,372		-		3,372		100.0	%		0.0	%		100.0	%	$	25.65	$	-	$	25.65		19,113		7,864		49,465		59,514
										338,064		728,361		1,066,425		100.0	%		88.8	%		92.4	%	$	16.86	$	26.54	$	23.22

	New Jersey
	Midland Park	Midland Park Shopping Center	Kings Supermarket		100	%		2015		29,550		100,775		130,325		100.0	%		93.8	%		95.2	%	$	21.29	$	22.10	$	21.91		106,870		38,585		130,986		166,242
	Pompton Lakes	Pompton Lakes Town Square	N/A		100	%		2015		62,845		62,368		125,213		0.0	%		85.6	%		42.6	%	$	-	$	23.43	$	23.43		50,024		18,960		97,398		113,230
	New Providence	Village Shopping Center	Acme Supermarket		100	%		2013		45,464		63,163		108,627		100.0	%		96.8	%		98.1	%	$	21.75	$	32.06	$	27.66		61,922		22,078		144,650		188,830
	Newark	Ferry Plaza	Acme Supermarket		84	%		2008		63,433		44,435		107,868		100.0	%		87.4	%		94.8	%	$	20.12	$	28.39	$	23.26		217,910		72,283		42,507		51,497
	Wayne	Valley Ridge	Wayne Natural Food Market		100	%		1992		36,000		66,125		102,125		100.0	%		89.8	%		93.4	%	$	17.00	$	31.19	$	25.83		44,589		15,684		89,700		106,009
	Emerson	Shop Rite Plaza	ShopRite Supermarket		100	%		2007		53,450		39,212		92,662		100.0	%		75.9	%		89.8	%	$	9.20	$	24.30	$	14.60		93,236		32,727		107,812		122,143
	Kinnelon	Meadtown Shopping Center	Marshall's		100	%		2015		24,511		52,360		76,871		100.0	%		97.7	%		98.4	%	$	16.00	$	24.04	$	21.43		28,448		11,350		97,449		111,201
	Bloomfield	Bloomfield Crossing	Walgreen's / Food World		100	%		2014		42,548		16,688		59,236		100.0	%		100.0	%		100.0	%	$	11.82	$	30.69	$	17.13		285,076		107,498		64,739		78,256
	Boonton	Boonton Acme Center	Acme Supermarket		100	%		2014		49,463		13,278		62,741		100.0	%		100.0	%		100.0	%	$	19.21	$	31.71	$	21.85		44,917		16,884		106,868		129,527
	Wyckoff	Cedar Hill Shopping Center	Walgreen's		100	%		2015		15,960		27,410		43,370		100.0	%		100.0	%		100.0	%	$	22.46	$	28.54	$	26.30		82,600		29,960		128,250		171,576
	Waldwick	Waldwick Rite Aid	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	Bernards Square Office Building	N/A		100	%		2013		-		14,405		14,405		0.0	%		73.0	%		73.0	%	$	-	$	26.91	$	26.91		19,059		6,593		145,235		207,918
	Chester	Rainbow Childcare Center	Rainbow Child Care Center		100	%		2013		9,120		-		9,120		100.0	%		0.0	%		100.0	%	$	18.00	$	-	$	18.00		9,447		3,218		164,650		250,629
	Bloomfield	Friendly's - Bloomfield	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
	Fort Lee	H-Mart Plaza	H-Mart		100	%		2015		7,000		-		7,000		100.0	%		0.0	%		100.0	%	$	38.11	$	-	$	38.11		35,345		16,371		52,334		86,489
	Hillsdale	Friendly's - Hillsdale	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
										464,431		500,219		964,650		86.5	%		91.2	%		88.91	%	$	18.11	$	26.76	$	22.71

	New Hampshire
	Newington	Newington Plaza	Savers		100	%		1979		27,167		74,893		102,060		100.0	%		84.4	%		88.6	%	$	10.80	$	17.45	$	15.45		17,701		8,590		64,817		76,847

	Total Consolidated									1,560,840		2,480,920		4,041,760		95.8	%		91.8	%		93.33	%	$	17.74	$	25.83	$	22.62

	Unconsolidated Joint Ventures
	Scarsdale, NY	Midway Shopping Center	ShopRite Supermarket		12	%		2010		73,758		176,009		249,767		100.0	%		98.9	%		99.2	%	$	15.65	$	32.40	$	27.42		114,418		43,359		132,018		162,698
	Carmel, NY	Putnam Plaza	Tops Markets		67	%		2010		60,858		128,536		189,394		100.0	%		96.1	%		97.4	%	$	6.94	$	18.35	$	14.58		19,114		6,812		90,765		103,841
	Riverhead, NY	Gateway Plaza	Walmart		50	%		2014		167,951		30,500		198,451		100.0	%		86.9	%		97.98	%	$	6.15	$	25.19	$	8.75		16,475		6,032		61,909		70,656
	Montvale, NJ	Chestnut Ridge	The Fresh Market Inc.		50	%		2013		19,205		57,130		76,335		100.0	%		100.0	%		100.0	%	$	23.40	$	31.98	$	29.82		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	%		92.9	%		93.8	%	$	40.86	$	33.57	$	34.64		88,092		28,853		92,610		105,302
	Riverhead, NY	Applebee's Plaza	Applebee's		50	%		2014		5,363		7,206		12,569		100.0	%		100.0	%		100.0	%	$	26.90	$	29.00	$	28.10		16,475		6,032		61,909		70,656
	Total Unconsolidated									330,490		420,381		750,871		100.0	%		97.1	%		98.35	%	$	10.11	$	27.61	$	19.78
																						97.7	%
	Total Core Portfolio									1,891,330		2,901,301		4,792,631		96.5	%		92.5	%		94.12	%	$	16.36	$	26.10	$	22.16


	Property Under Development
	White Plains	Westchester Pavilion	N/A		100	%		2003		-		189,215		189,215		0.0	%		0.0	%		0.0	%	$	-	$	-	$	-		104,063		40173		104,821		132,219

	Total Portfolio									1,891,330		3,090,516		4,981,846

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

URSTADT BIDDLE PROPERTIES INC.

Core Portfolio Same-Store Operating Income Disclosure

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




	Year Ended October 31,										Three Months Ended October 31,
		2016			2015			% Change			2016			2015			% Change
Same-Store Operating Results:

Number of Properties (Notes 3 and 4)		59									59

Revenue (Note 2)
Minimum Rent		$	72,165		$	71,358			1.1	%	$	18,280		$	17,904			2.1	%
Recoveries from tenants			22,909			24,925			-8.1	%		6,042			5,618			7.6	%
Other property income			1,058			1,170			-9.5	%		238			354			-32.8	%
			96,132			97,453			-1.4	%		24,560			23,876			2.9	%

Expenses
Property operating			11,108			12,649			-12.2	%		2,964			2,887			2.7	%
Property taxes			15,630			15,335			1.9	%		3,970			3,933			0.9	%
Other non-recoverable operating expenses			1,861			2,076			-10.4	%		479			577			-17.0	%
			28,599			30,060			-4.9	%		7,413			7,397			0.2	%

Same-Store Net Operating Income		$	67,533		$	67,393			0.2	%	$	17,147		$	16,479			4.1	%

Other reconciling items:
Other non same-property net operating income			12,074			9,698						5,550			2,176
Other Interest income			169			110						47			35
Consolidated lease termination income			618			472						238			325
Consolidated amortization of above and below market leases			157			415						15			(162	)
Consolidated straight line rent income			1,902			1,551						123			553
Equity in net income of unconsolidated joint ventures			2,019			1,941						535			527
Taxable REIT subsidiary income/(loss)			(921	)		(828	)					(466	)		(286	)
Solar income/(loss)			(72	)		(104	)					(3	)		73
Storage income/(loss)			353			66						109			50
Interest expense			(12,983	)		(13,475	)					(3,232	)		(3,364	)
General and administrative expenses			(9,284	)		(8,576	)					(2,144	)		(2,083	)
Provision for tenant credit losses			(1,161	)		(1,271	)					(326	)		(533	)
Directors fees and expenses			(318	)		(330	)					(83	)		(69	)
Acquisition costs (non included in net operating income)			(412	)		(2,068	)					(207	)		(48	)
Depreciation and amortization			(23,025	)		(22,435	)					(6,223	)		(5,601	)
Adjustment for intercompany expenses and other			(2,044	)		(2,724	)					(531	)		(663	)

Total other -net			(32,928	)		(37,558	)					(6,598	)		(9,070	)
Income from continuing operations			34,605			29,835			16.0	%		10,549			7,409			42.4	%
Gain on sale of real estate			-			20,377						-			20,377
Net income			34,605			50,212			-31.1	%		10,549			27,786			-62.0	%
Net income attributable to noncontrolling interests			(889	)		(948	)					(230	)		(220	)
Net income attributable to Urstadt Biddle Properties Inc.			33,716			49,264			-31.6	%		10,319			27,566			-62.6	%

Same-Store Operating Expense Ratio (Note 1)			85.7	%		89.1	%		-3.8	%		87.1	%		82.4	%		5.8	%

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 income

Note	3 - Includes only properties owned for the entire period of both periods presented

Note	4 - Beginning in fiscal 2015 the above analysis does not include our Westchester Pavilion property as that property is under re-development and we are vacating the property to accomplish the redevelopment

Non-GAAP Financial Measure - Net Operating Income:

We present Net Operating Income ("NOI"), which is a non-GAAP financial measure. The most directly comparable GAAP financial measure is income from continuing operations which, to calculate NOI, is adjusted to add back depreciation and amortization, general and administrative expense, interest expense, amortization of above and below-market lease intangibles and to exclude straight-line rent adjustments, investment income, equity in net income of unconsolidated joint ventures, gain/loss on sale of operating properties and other income. We use NOI internally as a performance measure and believe NOI provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Our management also uses NOI to evaluate property level performance and to make decisions about resource allocations. Further, we believe NOI is useful to investors as a performance measure because, when compared across periods, NOI reflects the impact on operations from trends in occupancy rates, rental rates, operating costs and acquisition and disposition activity on an unleveraged basis, providing perspective not immediately apparent from income from continuing operations. NOI excludes certain components from net income attributable to Urstadt Biddle Properties Inc. in order to provide results that are more closely related to a property's results of operations. For example, interest expense is not necessarily linked to the operating performance of a real estate asset and is often incurred at the corporate level as opposed to the property level. In addition, depreciation and amortization, because of historical cost accounting and useful life estimates, may distort operating performance at the property level. NOI presented by us may not be comparable to NOI reported by other REITs that define NOI differently. We believe that in order to facilitate a clear understanding of our operating results, NOI should be examined in conjunction with income from continuing operations as presented in our consolidated financial statements. NOI should not be considered as an alternative to income from continuing operations as an indication of our performance or to cash flows as a measure of liquidity or our ability to make dividend payments.

URSTADT BIDDLE PROPERTIES INC.

Leasing Activity

Rolling Last 4 Quarters ended October 31, 2016








	Leases		Square		New Rent		Prior Rent		Cash Basis
	Signed		Feet		Per Sq. Ft (a)		Per Sq. Ft. (a)		Change

Total Comparable Leases:
4th Quarter 2016		44		111,257	$	24.53	$	24.01		2.1	%
3rd Quarter 2016		41		65,386	$	29.16	$	29.69		-1.8	%
2nd Quarter 2016		41		144,715	$	22.57	$	19.85		13.7	%
1st Quarter 2016		28		90,120	$	25.46	$	25.26		0.8	%
Totals		154		411,478	$	24.78	$	23.73		4.4	%

New Leases - Comparable:
4th Quarter 2016		12		16,452	$	24.23	$	29.33		-17.4	%
3rd Quarter 2016		12		16,439	$	36.30	$	37.08		-2.1	%
2nd Quarter 2016		21		112,690	$	19.19	$	15.78		21.6	%
1st Quarter 2016		7		41,987	$	21.63	$	22.96		-5.8	%
Totals		52		187,568	$	21.68	$	20.44		6.0	%

Renewals - Comparable:
4th Quarter 2016		32		94,805	$	24.58	$	23.09		6.5	%
3rd Quarter 2016		29		48,947	$	26.76	$	27.21		-1.7	%
2nd Quarter 2016		20		32,025	$	34.49	$	34.18		0.9	%
1st Quarter 2016		21		48,133	$	28.79	$	27.27		5.6	%
Totals		102		223,910	$	27.38	$	26.48		3.4	%

(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.
(b) Includes tenant allowance and landlord work. Excludes first generation space.

Urstadt Biddle Properties (UBA) 8-KResults of Operations and Financial Condition