Urstadt Biddle Properties Inc. Announces Pricing of Stock Offering (UBA)

Urstadt Biddle Properties Inc. UBA announced today that the pricing of its underwritten offering of 2,500,000 shares of its Class A common stock on September 14, 2010, resulted in approximately $45,125,000 of proceeds to the Company before offering expenses. The Company has granted the underwriter an option for 30 days to purchase up to an additional 250,000 shares of its Class A common stock. The offering was made pursuant to the Company's shelf registration statement and settlement is expected to occur on or about September 17, 2010. Deutsche Bank Securities Inc. acted as sole book-running manager for the offering.