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Urstadt Biddle Properties Inc. Announces Increase in Quarterly Dividend Rate on Common Shares and Class A Common Shares

At their regular meeting yesterday, the Board of Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) approved an increase in the quarterly dividend rate declared for its Common stock and Class A Common stock. The quarterly dividend rate declared for the Common Stock was increased to $0.245 per share and the quarterly dividend rate declared for the Class A Common stock was increased to $0.275 per share, which represents an annualized increase of $0.02 per share for both classes of common stock. The $0.02 dividend increase represents the twenty-fifth consecutive year that the company has increased total dividends to its shareholders. The Common and Class A Common dividends are payable January 18, 2019 to stockholders of record on January 4, 2019. The dividends declared will represent the 196th consecutive quarterly dividend on common shares declared since the Company began operating in 1969.

The Board of Directors of the company also declared the regular quarterly dividends on the Company’s Series G Preferred Stock and Series H Preferred Stock. The dividends were declared in the amount of $0.421875 for each share of Series G Preferred Stock and $0.390625 for each share of Series H Preferred Stock. The dividends are payable January 31, 2019 to stockholders of record on January 18, 2019.

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 million square feet of space.Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties. It has paid 195 consecutive quarters of uninterrupted dividends to its shareholders since its inception and has raised total dividends to its shareholders for the last 25 consecutive years.

Contacts:

John T. Hayes, CFO or Willing Biddle, CEO
Urstadt Biddle Properties Inc.
203-863-8200

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