-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QwlppX4uLZ2Sc9loTrt+sgCrmACBqRSNTNZUKoKZLPsDTZdMW8l1Ud26dSSI8a+/ gznIg6/vVt47GkuAq6LVZg== 0000950136-05-003409.txt : 20050611 0000950136-05-003409.hdr.sgml : 20050611 20050610113044 ACCESSION NUMBER: 0000950136-05-003409 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050610 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050610 DATE AS OF CHANGE: 20050610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: URSTADT BIDDLE PROPERTIES INC CENTRAL INDEX KEY: 0001029800 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 042458042 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12803 FILM NUMBER: 05889090 BUSINESS ADDRESS: STREET 1: C/O HRE PROPERTIES INC STREET 2: 321 RAILROAD AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2038638200 MAIL ADDRESS: STREET 1: 321 RAILROAD AVENUE CITY: GREENWICH FORMER COMPANY: FORMER CONFORMED NAME: HRE PROPERTIES INC DATE OF NAME CHANGE: 19961230 8-K 1 file001.htm FORM 8-K


                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                               ------------------

                                    FORM 8-K

                               ------------------

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

         DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JUNE 9, 2005

                               ------------------

                         URSTADT BIDDLE PROPERTIES INC.
               (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

                               ------------------

      STATE OF MARYLAND                   1-12803                04-2458042
      -----------------                   -------                ----------
(STATE OR OTHER JURISDICTION     (COMMISSION FILE NUMBER)     (I.R.S. EMPLOYER
      OF INCORPORATION)                                      IDENTIFICATION NO.)


        321 RAILROAD AVENUE, GREENWICH, CT                 06830
        ----------------------------------                 -----
     (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)           (ZIP CODE)

                                 (203) 863-8200
                                 --------------
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)

                                       N/A
                                       ---
          (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)

                               ------------------

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[]   Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[]   Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17
     CFR 240.14a-12)

[]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))






ITEM 8.01    OTHER EVENTS.

The Company is disclosing on its Current Report on Form 8-K the ratios of
earnings to combined fixed charges and preferred stock dividends for the periods
shown:

<TABLE>

                                                   For the
                                                   Six Months Ended
                                                   April 30,            For the Year Ended October 31,
                                                   -----------------    --------------------------------------------
                                                   2005       2004      2004      2003      2002      2001      2000
                                                   ----       ----      ----      ----      ----      ----      ----

Ratio of earnings to
combined fixed charges and
preferred stock dividends (1).................     2.40       2.49      2.42      2.56      2.76      1.78      1.54
</TABLE>


(1) The ratio of earnings to combined fixed charges and preferred stock
dividends was computed by dividing earnings by the total of fixed charges and
preferred stock dividends. For purposes of computing this ratio, earnings
consist of income from continuing operations, plus fixed charges. Fixed charges
consist of interest expense.

ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS.

     (c)  Exhibits.

           EXHIBIT NO.                         DESCRIPTION

           ----------------    ---------------------------------------------
                12.1           Statement Regarding Computation of Ratios
                               of Earnings to Combined Fixed Charges and
                               Preferred Stock Dividends


                                       -2-





                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date:  June 10, 2005            URSTADT BIDDLE PROPERTIES INC.
                                (Registrant)

                                By:     /s/ Joseph LoParrino
                                        ----------------------------------------
                                Name:   Joseph LoParrino
                                Title:  Vice President and Controller








                         URSTADT BIDDLE PROPERTIES INC.

                                INDEX TO EXHIBITS

         EXHIBIT NO.                         DESCRIPTION

         ----------------    ---------------------------------------------
              12.1           Statement Regarding Computation of Ratios
                             of Earnings to Combined Fixed Charges and
                             Preferred Stock Dividends
EX-12.1 2 file002.htm COMPUTATION RATIO OF EARNINGS


                         URSTADT BIDDLE PROPERTIES INC.
        STATEMENT SETTING FORTH COMPUTATION SHOWING THE RATIO OF EARNINGS
             TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
                             (DOLLARS IN THOUSANDS)

<TABLE>

                                       SIX MONTHS ENDED APRIL 30                       YEAR ENDED OCTOBER 31,
                                      --------------------------- ------------------------------------------------------------
                                         2005            2004        2004       2003        2002          2001        2000
                                        ACTUAL          ACTUAL      ACTUAL     ACTUAL      ACTUAL        ACTUAL      ACTUAL
                                      -----------      ---------- ---------- ---------- ------------  ----------- ------------

Income from continuing operations (a)   $ 11,975         $11,874     $22,954    $19,800    $13,971      $ 9,074    $ 7,144
Add:
     Interest expense                      4,322           3,999       8,113      8,094      5,584        4,456      4,245
                                      -----------      ---------- ---------- ---------- ------------  ----------- ------------
     TOTAL EARNINGS                     $ 16,297         $15,873     $31,067    $27,894    $19,555      $13,530    $11,389
                                      -----------      ---------- ---------- ---------- ------------  ----------- ------------
Fixed Charges
      Interest Expense                  $  4,322         $ 3,999     $ 8,113    $ 8,094    $ 5,584      $ 4,456    $ 4,245
      Preferred Stock Dividends            2,473           2,374       4,749      2,794      1,498        3,147      3,147
                                      -----------      ---------- ---------- ---------- ------------  ----------- ------------
      TOTAL FIXED CHARGES               $  6,795         $ 6,373     $12,862    $10,888    $ 7,082      $ 7,603    $ 7,392
                                      -----------      ---------- ---------- ---------- ------------  ----------- ------------
RATIO                                       2.40            2.49        2.42       2.56       2.76         1.78       1.54

- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>

(a)  In November 2004, the Company sold a shopping center that met the criteria
     established by the Financial Accounting Standards Board's Statement of
     Financial Accounting No. 144 "Accounting for the Impairment or Disposal of
     Long Lived Assets" ("FAS 144") to be included in discontinued operations.
     In accordance with FAS 144, the results of operations of the shopping
     center are included in discontinued operations. Income from continuing
     operations for the periods above reflect the reclassification of the net
     income attributable to this property from continuing operations to
     discontinued operations.


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