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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 26, 2002
URSTADT BIDDLE PROPERTIES INC.
(Exact Name of Registrant as Specified in Charter)
Maryland 1-12803 04-2458042
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
321 Railroad Avenue
Greenwich, Connecticut 06830
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (203) 863-8200
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Item 5. Other Events.
This Current Report on Form 8-K is being filed with the Securities and
Exchange Commission by Urstadt Biddle Properties Inc. (the "Company") for the
purpose of providing the information set forth in the press release published by
the Company on April 2, 2002, a copy of which is filed as Exhibit 99.1 hereto
and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Exhibits.
The following exhibit is filed herewith:
99.1 Press release published on April 2, 2002.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized, in the Town of Greenwich, State
of Connecticut on April 2, 2002.
URSTADT BIDDLE PROPERTIES INC.
By: /s/ James R. Moore
James R. Moore
Executive Vice President
- Chief Financial Officer
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EXHIBIT 99.1
[Press Release]
For Immediate Release
Contact: Willing L. Biddle, President
or
James R. Moore , CFO
Urstadt Biddle Properties Inc.
(203) 863-8200
URSTADT BIDDLE PROPERTIES INC. ANNOUNCES AN AGREEMENT
FOR A $ 90 MILLION PROPERTY TRANSACTION
Greenwich, Connecticut, April 2, 2002 -Urstadt Biddle Properties Inc. (NYSE:
UBP.A and UBP) announced today that it has entered into an agreement to acquire
a commercial real estate property for a purchase price of approximately $90
million. The contract is subject to certain conditions. Therefore, there can be
no assurance as to when or if the purchase will be consummated. The Company
anticipates financing the transaction through a combination of working capital
and debt financing.
UBP is a self-administered equity real estate trust providing investors with a
means of participating in ownership of income-producing properties with
investment liquidity. The Company's core properties consist of community
shopping centers in the northeast with a primary focus on Westchester County,
New York and Fairfield County, Connecticut. UBP has paid uninterrupted dividends
since its inception in 1969.
Certain statements contained herein may constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among other things, risks associated with the timing of and
costs associated with property improvements, financing commitments and general
competitive factors.
competitive factors.