8-K

United States

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): April 30, 2007

Commission File Number 1-12803

 

URSTADT BIDDLE PROPERTIES INC.

(Exact Name of Registrant in its Charter)

Maryland	04-2458042
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)
321 Railroad Avenue, Greenwich, CT	06830
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: (203) 863-8200

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))

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Item 8.01 Other Event

On April 30, 2007 Urstadt Biddle Properties Inc. (the “Registrant”) issued a press release announcing the acquisition of Emerson Shopping Center located in Emerson, New Jersey for a purchase price of $17.25 million, excluding closing costs. A copy of the press release is attached hereto as Exhibit 99.1

Item 9.01Financial Statements and Exhibits.

(a)   Not applicable

(b)   Not applicable

(c)   Exhibits

Press release dated April 30, 2007 is filed as Exhibit 99.1.

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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: May 7, 2007	URSTADT BIDDLE PROPERTIES INC.
	(Registrant)
	/s/ James R. Moore
	James R. Moore
	Executive Vice President & Chief Financial Officer

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EXHIBIT INDEX

NumberExhibit

99.1   Press Release dated April 30, 2007

EX-99.1

For Immediate Release

Contact:Willing L. Biddle, President or

James R Moore, CFO

Urstadt Biddle Properties Inc.

(203) 863-8200

Urstadt Biddle Properties Inc.

Announces Acquisition of The Emerson Shopping Plaza

Emerson, New Jersey

Greenwich, ConnecticutApril 30, 2007 ... Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) announced that it has completed the purchase of the Emerson Shopping Plaza in Emerson, New Jersey for a purchase price of $17.25 million, excluding closing costs. The center, located at the intersection of Old Hook Road and Main Street was built in the 1980’s, contains 92,441 square feet of leasable space and is anchored by a 50,150 sf ShopRite supermarket. The center contains national and regional retailers who serve the needs of the surrounding community such as Dunkin’ Donuts, Hallmark Cards, Bank of America and H&R Block. The acquisition was funded with the net proceeds received from the recent sale of the Company’s Tempe, Arizona property in a tax-deferred exchange transaction and available cash. The Seller was the family who originally developed the property. There was no broker involved in the transaction. James Aries, Vice President of Acquisitions negotiated the purchase for Urstadt Biddle.

Willing Biddle, President of Urstadt Biddle Properties Inc. said, “We are pleased to announce the addition of the Emerson Shopping Plaza to our core portfolio. Emerson is an affluent bedroom community in Bergen County, New Jersey. The property is well-located with a strong tenant roster and stable cash flow. This acquisition continues our expansion into northern New Jersey. We are actively seeking additional investment opportunities in the suburban communities of New Jersey surrounding New York City in addition to our core market of Westchester, Fairfield, and Putnam counties.”

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 39 properties containing approximately 3.9 million square feet of space and has paid 145 consecutive quarters of uninterrupted dividends to its shareholders since its inception.

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.