Exhibit 99.1
Urstadt Biddle Properties Inc. Announces Sale of 800,000 Shares of 7.5% Series D
Senior Cumulative Preferred Stock

GREENWICH, Conn.--(BUSINESS WIRE)--June 10, 2005--Urstadt Biddle Properties Inc.
(NYSE:UBA and UBP), a real estate investment trust,  announced today that it has
closed  a  public  offering  of  800,000  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 issued on
April 12, 2005 and May 3, 2005.  (NYSE:  UBPPRD).  Deutsche Bank Securities Inc.
was the sole underwriter for the offering.  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.  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.