SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Oct. 31, 2014

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION [Abstract]

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

URSTADT BIDDLE PROPERTIES INC.

OCTOBER 31, 2014

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

(In thousands)

COL. A	COL. B		COL. C				COL. D						COL. E						COL. F		COL. G/H		COL. I
			Initial Cost to Company				Cost Capitalized Subsequent to Acquisition						Amount at which Carried at Close of Period										Life on which depreciation for building and improvements in latest
Description and Location	Encumbrances		Land		Building & Improvements		Land			Building & Improvements			Land		Building & Improvements		TOTAL (a)		Accumulated Depreciation (Note (b))		Date Constructed/ Acquired		income statement is computed (Note (c))
Real Estate Subject to Operating Leases (Note (a)):
Office Buildings:
Greenwich, CT	$	-	$	708	$	1,641	$	-		$	266		$	708	$	1,907	$	2,615	$	602		2001		31.5
Greenwich, CT		-		488		1,139		-			330			488		1,469		1,957		484		2000		31.5
Greenwich, CT		-		570		2,359		-			692			570		3,051		3,621		1,234		1998		31.5
Greenwich, CT		-		199		795		-			712			199		1,507		1,706		500		1993		31.5
Greenwich, CT		-		111		444		-			5			111		449		560		334		1994		31.5
Bernardsville, NJ		-		720		2,880		(24	)		(47	)		696		2,833		3,529		141		2012		39.0
Chester, NJ		-		570		2,280		(34	)		(137	)		536		2,143		2,679		104		2012		39.0
		-		3,366		11,538		(58	)		1,821			3,308		13,359		16,667		3,399
Retail Properties:
Bronxville, NY		-		60		239		95			776			155		1,015		1,170		127		2009		39.0
Yonkers, NY		-		30		121		183			734			213		855		1,068		110		2009		39.0
Yonkers, NY		-		30		121		85			341			115		462		577		60		2009		39.0
New Milford, CT		-		2,114		8,456		71			319			2,185		8,775		10,960		1,389		2008		39.0
New Milford, CT		-		4,492		17,967		166			940			4,658		18,907		23,565		2,146		2010		39.0
Newark, NJ		11,456		5,252		21,023		-			1,466			5,252		22,489		27,741		3,682		2008		39.0
Waldwick, NJ		-		1,266		5,064		-			-			1,266		5,064		6,330		898		2007		39.0
Emerson NJ		648		3,633		14,531		-			1,421			3,633		15,952		19,585		3,139		2007		39.0
Monroe, CT		-		765		3,060		-			135			765		3,195		3,960		631		2007		39.0
Pelham, NY		-		1,694		6,843		-			46			1,694		6,889		8,583		1,487		2006		39.0
Stratford, CT		26,821		10,173		40,794		(94	)		9,093			10,079		49,887		59,966		13,067		2005		39.0
Yorktown Heights, NY		-		5,786		23,221		-			4,709			5,786		27,930		33,716		5,800		2005		39.0
Rye, NY		-		909		3,637		-			423			909		4,060		4,969		1,063		2004		39.0
Rye, NY		1,455		483		1,930		-			6			483		1,936		2,419		521		2004		39.0
Rye, NY		656		239		958		-			87			239		1,045		1,284		307		2004		39.0
Rye, NY		1,494		695		2,782		1			19			696		2,801		3,497		748		2004		39.0
Somers, NY		-		4,318		17,268		-			606			4,318		17,874		22,192		5,540		2003		39.0
Westport, CT		-		2,076		8,305		-			306			2,076		8,611		10,687		2,610		2003		39.0
White Plains, NY		-		8,065		32,258		(1	)		6,882			8,064		39,140		47,204		11,985		2003		39.0
Orange, CT		-		2,320		10,564		-			1,441			2,320		12,005		14,325		3,900		2003		39.0
Stamford, CT		46,584		17,965		71,859		-			6,621			17,965		78,480		96,445		25,954		2002		39.0
Danbury, CT		-		2,459		4,566		-			697			2,459		5,263		7,722		1,764		2002		39.0
Briarcliff, NY		-		2,222		5,185		1,234			7,096			3,456		12,281		15,737		1,787		2001		40.0
Somers, NY		-		1,833		7,383		-			753			1,833		8,136		9,969		3,777		1999		31.5
Briarcliff, NY		-		380		1,531		-			335			380		1,866		2,246		791		1999		40.0
Briarcliff, NY		16,128		2,300		9,708		2			3,586			2,302		13,294		15,596		5,422		1998		40.0
Ridgefield, CT		-		900		3,793		-			1,706			900		5,499		6,399		1,942		1998		40.0
Darien, CT		16,982		4,260		17,192		-			756			4,260		17,948		22,208		7,329		1998		40.0
Eastchester, NY		-		1,500		6,128		-			2,506			1,500		8,634		10,134		3,211		1997		31.0
Danbury, CT		-		3,850		15,811		-			4,109			3,850		19,920		23,770		10,303		1995		31.5
Carmel, NY		-		1,488		5,973		-			1,688			1,488		7,661		9,149		4,124		1995		31.5
Meriden, CT		-		5,000		20,309		-			11,464			5,000		31,773		36,773		15,112		1993		31.5
Somers, NY		-		821		2,600		-			549			821		3,149		3,970		1,469		1992		31.5
Wayne, NJ		399		2,492		9,966		-			1,307			2,492		11,273		13,765		5,913		1992		31.0
Newington, NH		-		728		1,997		-			1,754			728		3,751		4,479		2,617		1979		40.0
Katonah, NY		-		1,704		6,816		-			100			1,704		6,916		8,620		820		2010		39.0
Fairfield, CT		-		3,393		13,574		153			612			3,546		14,186		17,732		1,080		2011		39.0
New Milford, CT		4,575		2,168		8,672		-			58			2,168		8,730		10,898		800		2011		39.0
Eastchester, NY		-		1,800		7,200		78			477			1,878		7,677		9,555		563		2012		39.0
Orangetown, NY		6,769		3,200		12,800		30			2,188			3,230		14,988		18,218		901		2012		39.0
Greenwich, CT		3,500		1,600		6,401		27			167			1,627		6,568		8,195		238		2013		39.0
Various		-		1,555		1,122		80			5,414			1,635		6,536		8,171		282		2013		39.0
Greenwich, CT		4,365		1,998		7,994		53			213			2,051		8,207		10,258		298		2013		39.0
New Providence, NJ		20,546		6,970		27,880		463			2,402			7,433		30,282		37,715		1,193		2013		39.0
Bethel, CT		-		1,800		7,200		(18	)		(74	)		1,782		7,126		8,908		153		2014		39.0
Bloomfield, NJ		7,768		2,201		8,804		218			861			2,419		9,665		12,084		237		2014		39.0
Boonton, NJ		7,720		3,670		14,680		15			56			3,685		14,736		18,421		314		2014		39.0
Yonkers, NY		2,781		3,060		12,240		-			-			3,060		12,240		15,300		26		2014		39.0
Greenwich, CT		8,330		3,223		12,893		-			-			3,223		12,893		16,116		54		2014		40.0
Greenwich, CT		16,170		6,257		25,029		-			-			6,257		25,029		31,286		104		2014		40.0
		205,147		147,197		576,448		2,841			87,151			150,038		663,599		813,637		157,788
Total	$	205,147	$	150,563	$	587,986	$	2,783		$	88,972		$	153,346	$	676,958	$	830,304	$	161,187

URSTADT BIDDLE PROPERTIES INC.

OCTOBER 31, 2014

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - CONTINUED

(In thousands)

	Year Ended October 31,
NOTES:	2014			2013			2012
(a) RECONCILIATION OF REAL ESTATE - OWNED SUBJECT TO OPERATING LEASES
Balance at beginning of year	$	732,159		$	660,375		$	631,167
Property improvements during the year		19,239			11,263			5,782
Properties acquired during the year		101,055			67,062			26,306
Properties sold during the year		(20,299	)		(4,475	)		(533	)
Property assets fully depreciated and written off		(1,850	)		(2,066	)		(2,347	)
Balance at end of year	$	830,304		$	732,159		$	660,375
(b) RECONCILIATION OF ACCUMULATED DEPRECIATION
Balance at beginning of year	$	155,272		$	140,511		$	126,693
Provision during the year charged to income		18,721			17,126			16,183
Property sold during the year		(10,956	)		(299	)		(18	)
Property assets fully depreciated and written off		(1,850	)		(2,066	)		(2,347	)
Balance at end of year	$	161,187		$	155,272		$	140,511

(c) Tenant improvement costs are depreciated over the life of the related leases, which range from 5 to 20 years.

(d) The depreciation provision represents the expense calculated on real property only.

(e) The aggregate cost for Federal Income Tax purposes for real estate subject to operating leases was approximately $713 million at October 31, 2014.