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):  July 20, 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))

Item 8.01              Other Event

On July 20, 2007, Urstadt Biddle Properties Inc. (the “Registrant”) issued a press release announcing the completion of the mortgage refinancing of its largest retail property, the Ridgeway Shopping Center in Stamford, Connecticut.  The existing first mortgage loan with an outstanding balance of approximately $53 million was to become due in December 2007 with an interest rate of 7.54%.  The first mortgage loan was extended for an additional ten year period and the fixed interest rate reset to 5.52% per annum.  The mortgagee is an affiliate of JP Morgan Chase Bank.

Item 9.01               Financial Statements and Exhibits.

(a)           Not applicable

(b)           Not applicable

(c)           Exhibits

Press release dated July 20, 2007 is filed as Exhibit 99.1.

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:   July 23, 2007	URSTADT BIDDLE PROPERTIES INC.
	(Registrant)
	/s/ James R. Moore
	James R. Moore
	Executive Vice President & Chief Financial Officer

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 Completion of Refinance of $53 million

Mortgage Loan at the Ridgeway Shopping Center at a Lower Interest Cost

Greenwich, Connecticut July 20, 2007 ... Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) announced today that it has completed the mortgage refinancing of its largest retail property, the Ridgeway Shopping Center in Stamford, Connecticut.  The existing first mortgage loan with an outstanding balance of approximately $53 million was to become due in December 2007 with an interest rate of 7.54%.  The first mortgage loan was extended for an additional ten year period and the fixed interest rate reset to 5.52% per annum.  The mortgagee is an affiliate of JP Morgan Chase Bank.

Commenting on the transaction Willing L. Biddle, President and Chief Operating Officer, said “We are pleased to complete this significant financial transaction on very favorable terms.  The Company was able to lock the interest rate prior to the recent rise in rates and as a result commencing in fiscal 2008, the Company will save more than $1 million a year in interest costs.”

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.