Exhibit 12.1
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URSTADT BIDDLE PROPERTIES INC
FIXED CHARGE RATIO
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NINE MONTHS YEAR ENDED OCTOBER 31,
2003 2002 2002 2001 2000 1999 1998
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EARNINGS:
Income Before Preferred Dividends 14,526 10,171 14,507 13,687 8,589 9,190 8,176
Less: Earnings from 50% of less owned JV - - - (3,864) (245) (384) (210)
Fixed Charges-Interest 6,083 3,530 5,584 4,456 4,245 3,913 2,522
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EARNINGS 20,609 13,701 20,091 14,279 12,589 12,719 10,488
FIXED CHARGES:
Interest Expense 6,083 3,530 5,584 4,456 4,245 3,913 2,522
Preferred Stock Dividends 1,606 1,161 1,498 3,147 3,147 3,147 2,561
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7,689 4,691 7,082 7,603 7,392 7,060 5,083
RATIO OF EARNINGS TO FIXED CHARGES 2.68 2.92 2.84 1.88 1.70 1.80 2.06
AND PREFERRED STOCK DIVIDENDS =================== =============================================================