2008-09-24 23:47:00 -

www.ubproperties.com - Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) announced that Standard and Poor's, a division of the McGraw-Hill Companies, has announced that they are adding the Company to the S&P SmallCap 600 Index effective at the close of the market on September 26, 2008.

Commenting on the addition of the Company to the S&P SmallCap 600 Index, Willing L. Biddle, President and Chief Operating Officer, said, "We are very pleased with the increased recognition within the investment community that will result from our inclusion in the S&P SmallCap 600, further validating the mission of our Company."

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 44 properties concentrated in Westchester and Fairfield Counties containing approximately 3.9 million square feet of space and has paid 155 consecutive quarters of uninterrupted dividends to its shareholders.

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.

Urstadt Biddle Properties Inc.
Willing L. Biddle
President & COO
or
John T. Hayes
SVP & CFO
203-863-8200