Exhibit 99.1




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 ACQUISITION OF STAPLES PLAZA SHOPPING CENTER
                         IN WESTCHESTER COUNTY, NEW YORK

GREENWICH, CONNECTICUT July 5, 2005 ...Urstadt Biddle Properties Inc. (NYSE: UBA
and UBP) announced that it has completed the purchase of Staples Plaza Shopping
Center in Yorktown Heights in Westchester County, New York for a purchase price
of $28.425 million, excluding closing costs. The property was acquired subject
to an existing first mortgage loan of $8.25 million with interest at 7.42% due
in 2007. The property, which contains 201,000 square feet of leasable space, was
purchased from a private real estate investing group. Staples Plaza is 97%
leased and "shadow" anchored by a 107,000 sf BJ Wholesale Club. The center's
tenant roster consists of national and regional retailers including Staples,
Bed, Bath & Beyond, Party City, Dunkin Donuts, and A.C. Moore. The purchase was
funded with available cash raised from a portion of the net proceeds of the
Company's recent Series D preferred stock sales.

The property which is situated on 16.4 acres of land was built in stages during
the 1970's and 1980's. The center is well located and serves the Yorktown trade
area. The shopping center benefits from its location on the heavily traveled
Route 202 just off the Taconic Parkway and the populated residential
neighborhoods surrounding the property.

Willing Biddle, President of Urstadt Biddle Properties Inc. said, "We are
pleased to announce the acquisition of one of Westchester County's finest
shopping centers. The purchase of Staples Plaza continues our strategic goal to
be the dominant retail real estate owner in Westchester County, New York and
Fairfield County, Connecticut and adds to the $50 million of retail property
purchased earlier this year ."

Urstadt Biddle Properties Inc. is a self-administered equity real estate
investment trust providing investors with a means of participating in ownership
of income-producing properties with the liquidity of being listed on the New
York Stock Exchange since 1969. UBP owns 34 properties located predominately in
Westchester & Fairfield counties, containing approximately 3.7 million square
feet of space and has paid 142 consecutive quarters of uninterrupted dividends
to its shareholders since its inception.

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.