Exhibit 1

The Reporting Person is the direct beneficial owner of 1,369,305 shares of
Common Stock (including 517,500 restricted shares of Common Stock issued
pursuant to the Issuers Amended and Restated Restricted Stock Award Plan).
In addition, he is the indirect beneficial owner of 2,778 shares of Common
Stock owned by the Trust Established Under the Urstadt Biddle Properties Inc.
Excess Benefits and Deferred Compensation Plan, 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, the Reporting Person'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"). The Reporting Person and Charles J. Urstadt are
the sole trustees of the Biddle Trust.