X0202 5 2006-10-31 0 0 0 0001029800 URSTADT BIDDLE PROPERTIES INC UBP 0001070094 BIDDLE WILLING L 53 ELMWOOD ROAD SOUTH SALEM NY 10590 1 1 1 0 President and COO Common Stock 2006-04-21 5 J 0 33 17.02 A 1385753 I See footnote Common Stock 2006-07-21 5 J 0 35 16.103 A 1385753 I See footnote Common Stock 2006-10-20 5 J 0 32 18.033 A 1385753 I See footnote Those shares of Common Stock of which Mr. Biddle is the indirect beneficial owner and which are owned by the trust established under the Urstadt Biddle Properties Inc. Excess Benefits and Deferred Compensation Plan (the ?Compensation Plan Trust?) are subject to automatic reinvestment of dividends pursuant to the Issuer?s Dividend Reinvestment Plan. On April 21, 2006, July 21, 2006 and October 20, 2006, dividends on these shares were paid and automatically reinvested in additional shares of Common Stock for the benefit of Mr. Biddle in the amounts of 33.0532 shares, 35.3512 shares and 31.9646 shares, respectively. This figure includes 517,500 restricted shares of Common Stock issued pursuant to the Issuer?s Amended and Restated Restricted Stock Award Plan. Mr. Biddle is the direct beneficial owner of 1,369,305 shares of Common Stock, including the 517,500 restricted shares referenced in Footnote (2). In Addition, he is the indirect beneficial owner of 2,878 shares of Common Stock owned by the Compensation Plan Trust, 2,307 shares of Common Stock owned by the Willing L. Biddle IRA for the benefit of Mr. Biddle, 5,163 shares of Common Stock owned by the P. T. Biddle (Deceased) IRA for the benefit of Willing Biddle, 4,475 shares of Common Stock owned beneficially and of record by Catherine U. Biddle, Mr. Biddle?s wife, 555 shares of Common Stock owned beneficially and of record by the Catherine U. Biddle IRA for the benefit of Catherine U. Biddle, and 1,070 shares of Common Stock owned by the Charles and Phoebe Biddle Trust UAD 12/20/93 for the benefit of the Issue of Willing L. Biddle (the ?Biddle Trust?). Mr. Biddle and Charles J. Urstadt are the sole trustees of the Biddle Trust. Willing L. Biddle 2006-11-16