| Urstadt Biddle Properties | Exhibit 12.1 |
| Ratio of Earnings To Fixed Charges and Preferred Dividends |
Statement Setting Forth Computation Showing the Ratio
of Earnings to Combined Fixed Charges and Preferred Dividends
| For the Nine Months Ended | ||||||||||||||||||||||
| July 31, | Year Ended | |||||||||||||||||||||
| 2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| Earnings: | ||||||||||||||||||||||
| Income from Continuing Operations | $ | 27,292 | $ | 25,132 | $ | 36,031 | $ | 29,838 | $ | 29,032 | $ | 28,856 | $ | 27,490 | ||||||||
| Add: Interest Expense | 9,800 | 9,751 | 12,983 | 13,475 | 10,235 | 9,094 | 9,148 | |||||||||||||||
| Total earnings available to cover fixed charges | $ | 37,092 | $ | 34,883 | $ | 49,014 | $ | 43,313 | $ | 39,267 | $ | 37,950 | $ | 36,638 | ||||||||
| Fixed Charges (Interest Expense Only): | ||||||||||||||||||||||
| Interest Expense | $ | 9,800 | $ | 9,751 | $ | 12,983 | $ | 13,475 | $ | 10,235 | $ | 9,094 | $ | 9,148 | ||||||||
| Total Fixed Charges Including Interest Expense and Preferred Stock Dividends: | ||||||||||||||||||||||
| Interest Expense | $ | 9,800 | $ | 9,751 | $ | 12,983 | $ | 13,475 | $ | 10,235 | $ | 9,094 | $ | 9,148 | ||||||||
| Preferred Stock Dividends | 10,711 | 10,710 | 14,280 | 14,605 | 13,812 | 14,949 | 13,267 | |||||||||||||||
| Allocations pursuant to EITF Topic D-42 | - | - | - | - | 1,870 | 4,233 | 2,027 | |||||||||||||||
| Total Fixed Charges | $ | 20,511 | $ | 20,461 | $ | 27,263 | $ | 28,080 | $ | 25,917 | $ | 28,276 | $ | 24,442 | ||||||||
| Ratio of Earnings to Fixed Charges | 3.78 | 3.58 | 3.78 | 3.21 | 3.84 | (1) | 4.17 | (1) | 4.01 | (1) | ||||||||||||
| Ratio of Earnings to Combined Fixed Charges and Preferred Dividends | 1.81 | 1.70 | 1.80 | 1.54 | 1.52 | 1.34 | 1.50 | |||||||||||||||
| (1) | The calculation of Combined Fixed Charges and Preferred Dividends include allocations pursuant to EITF Topic D-42. |