Exhibit 99.1



Urstadt Biddle Properties Inc. Announces Sale of 650,000 Shares of 7.5%
Cumulative Preferred Stock

GREENWICH,   Conn.--(BUSINESS  WIRE)--May  3,  2005--Urstadt  Biddle  Properties
Inc.(NYSE:UBA and UBP), a real estate investment trust,  announced today that it
has  closed a public  offering  of  650,000  shares of its 7.5%  Series D Senior
Cumulative  Preferred Stock.  The shares have a liquidation  value of $25.00 per
share,  have no stated  maturity and may be redeemed by the Company at par on or
after April 12, 2010.  The shares sold in this offering were a further  issuance
of,  form a  single  class  with,  and have the same  terms  as,  the  Company's
outstanding shares of 7.5% Series D Senior Cumulative Preferred Stock originally
issued  on April  12,  2005  (NYSE:  UBPPRD).  Deutsche  Bank  Securities  (sole
bookrunning  manager) and Robert W. Baird & Co. were joint lead managers for the
offering,  and J.J.B.  Hilliard,  W.L. Lyons,  Inc. and Morgan Keegan & Company,
Inc. served as co-managers. Copies of the prospectus related to the offering may
be obtained by contacting  Deutsche Bank  Securities  Inc., 60 Wall Street,  3rd
floor,  New York,  New York 10005 or Robert W. Baird & Co.,  777 East  Wisconsin
Ave., Milwaukee, WI 53202. This release shall not constitute an offer to sell or
the  solicitation  of an  offer  to buy,  nor  shall  there  be any  sale of the
securities  in any state in which such an offer,  solicitation  or sale would be
unlawful prior to  registration  or  qualification  under the securities laws of
such state. UBP is a  self-administered  real estate  investment trust providing
investors  with a means of  participating  in the ownership of  income-producing
properties  with  investment  liquidity.  UBP owns  thirty-four  (34) properties
containing  approximately 3.7 million square feet of space.  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 and  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.

    CONTACT: Urstadt Biddle Properties Inc.
             James R. Moore, 203-863-8200

    SOURCE: Urstadt Biddle Properties Inc.