SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Oct. 31, 2022

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION [Abstract]

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

URSTADT BIDDLE PROPERTIES INC.

October 31, 2022

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
Description and Location		Encumbrances		Land			Building & Improvements		Land			Building & Improvements		Land		Building & Improvements		Totals		Accumulated Depreciation (b)	Date Constructed/Acquired	Life on which depreciation for building and improvements in latest income statement is computed (c)
Real Estate Subject to Operating Leases (a):
Office Buildings:
Greenwich, CT	$	-	$	708		$	1,641	$	-		$	505	$	708	$	2,146	$	2,854	$	1,020	2001	31.5
Greenwich, CT		-		488			1,139		-			570		488		1,709		2,197		932	2000	31.5
Greenwich, CT		-		570			2,359		-			1,281		570		3,640		4,210		1,911	1998	31.5
Greenwich, CT		-		199			795		(1)			565		198		1,360		1,558		780	1993	31.5
Greenwich, CT		-		111			444		1			321		112		765		877		438	1994	31.5
		-		2,076			6,378		-			3,242		2,076		9,620		11,696		5,081
Retail Properties:
Bronxville, NY		-		60			239		95			770		155		1,009		1,164		317	2009	39
Yonkers, NY		-		30			121		183			734		213		855		1,068		286	2009	39
Yonkers, NY		-		30			121		85			342		115		463		578		155	2009	39
New Milford, CT		-		2,114			8,456		110			887		2,224		9,343		11,567		3,409	2008	39
New Milford, CT		-		4,492			17,967		166			3,521		4,658		21,488		26,146		7,380	2010	39
Newark, NJ		9,601		5,252			21,023		-			2,233		5,252		23,256		28,508		8,927	2008	39
Waldwick, NJ		-		1,266			5,064		-			41		1,266		5,105		6,371		1,942	2007	39
Emerson NJ		68		3,633			14,531		-			1,949		3,633		16,480		20,113		6,736	2007	39
Pelham, NY		-		1,694			6,843		-			149		1,694		6,992		8,686		2,941	2006	39
Stratford, CT		34,143		10,173			40,794		3,928			27,901		14,101		68,695		82,796		26,255	2005	39
Yorktown Heights, NY		-		5,786			23,221		-			16,271		5,786		39,492		45,278		14,102	2005	39
Rye, NY		-		909			3,637		-			293		909		3,930		4,839		1,882	2004	39
Rye, NY		-		483			1,930		-			106		483		2,036		2,519		956	2004	39
Rye, NY		-		239			958		-			64		239		1,022		1,261		486	2004	39
Rye, NY		-		695			2,782		-			20		695		2,802		3,497		1,335	2004	39
Somers, NY		-		4,318			17,268		-			594		4,318		17,862		22,180		8,761	2003	39
Westport, CT		-		2,076			8,305		-			896		2,076		9,201		11,277		4,542	2003	39
Orange, CT		-		2,320			10,564		-			6,180		2,320		16,744		19,064		6,993	2003	39
Stamford, CT		44,324		17,964			71,859		2			4,708		17,966		76,567		94,533		38,841	2002	39
Danbury, CT		-		2,459			4,566		-			1,118		2,459		5,684		8,143		3,111	2002	39
Briarcliff, NY		-		2,222			5,185		1,234			8,763		3,456		13,948		17,404		4,997	2001	40
Somers, NY		-		1,833			7,383		-			4,578		1,833		11,961		13,794		6,127	1999	31.5
Briarcliff, NY		-		380			1,531		-			300		380		1,831		2,211		998	1999	40
Briarcliff, NY		13,492		2,300			9,708		2			2,567		2,302		12,275		14,577		7,015	1998	40
Ridgefield, CT		-		900			3,793		291			3,515		1,191		7,308		8,499		3,207	1998	40
Darien, CT		23,433		4,260			17,192		-			1,023		4,260		18,215		22,475		10,572	1998	40
Eastchester, NY		-		1,500			6,128		-			2,855		1,500		8,983		10,483		5,113	1997	31
Danbury, CT		-		3,850			15,811		-			1,462		3,850		17,273		21,123		11,394	1995	31.5
Carmel, NY		-		1,488			5,973		-			428		1,488		6,401		7,889		4,221	1995	31.5
Somers, NY		-		821			2,600		-			1,051		821		3,651		4,472		2,237	1992	31.5
Wayne, NJ		17,137		2,492			9,966		-			7,412		2,492		17,378		19,870		9,410	1992	31
Katonah, NY		-		1,704			6,816		-			455		1,704		7,271		8,975		2,241	2010	39
Fairfield, CT		-		3,393			13,574		153			1,236		3,546		14,810		18,356		4,366	2011	39
New Milford, CT		-		2,168			8,672		-			612		2,168		9,284		11,452		2,606	2011	39
Eastchester, NY		-		1,800			7,200		78			607		1,878		7,807		9,685		2,147	2012	39
Orangetown, NY		6,097		3,200			12,800		30			7,767		3,230		20,567		23,797		5,110	2012	39
Greenwich, CT		4,061		1,600			6,401		28			755		1,628		7,156		8,784		1,876	2013	39
Various		-		223			893		-			-		223		893		1,116		219	2013	39
Greenwich, CT		5,065		1,998			7,994		53			331		2,051		8,325		10,376		2,033	2013	39
New Providence, NJ		20,364		6,970			27,880		463			3,004		7,433		30,884		38,317		7,903	2013	39
Bethel, CT		-		1,800			7,200		(18)			828		1,782		8,028		9,810		1,650	2014	39
Bloomfield, NJ		-		2,201			8,804		218			2,390		2,419		11,194		13,613		2,404	2014	39
Boonton, NJ		10,605		3,670			14,680		14			493		3,684		15,173		18,857		3,394	2014	39
Yonkers, NY		5,000		3,060			12,240		333			1,432		3,393		13,672		17,065		2,797	2014	39
Greenwich, CT		6,997		3,223			12,893		6			347		3,229		13,240		16,469		2,757	2014	40
Greenwich, CT		13,582		6,257			25,029		27			1,157		6,284		26,186		32,470		5,416	2014	40
Midland Park, NJ		18,301		8,740			34,960		(44)			907		8,696		35,867		44,563		7,431	2015	39
Pompton Lakes, NJ		-		8,140			32,560		(1,869)			(979)		6,271		31,581		37,852		5,293	2015	39
Wyckoff, NJ		7,265		3,490			13,960		17			344		3,507		14,304		17,811		2,911	2015	39
Kinnelon, NJ		9,670		4,540			18,160		(28)			3,980		4,512		22,140		26,652		6,289	2015	39
Fort Lee, NJ		-		798			3,192		(14)			(55)		784		3,137		3,921		597	2015	39
Harrison, NY		-		2,000			8,000		(10)			1,410		1,990		9,410		11,400		1,665	2015	39
Stamford, CT		19,810		12,686			32,620		-			1,667		12,686		34,287		46,973		5,484	2016	39
Stamford, CT		-		3,691			9,491		-			93		3,691		9,584		13,275		1,504	2016	39
Derby, CT		-		651			7,652		-			286		651		7,938		8,589		1,217	2017	39
Passaic, NJ		-		2,039			5,616		1			1,568		2,040		7,184		9,224		1,218	2017	39
Stamford, CT (HRC)		9,093		17,178			43,677		189			1,221		17,367		44,898		62,265		6,485	2017	39
Stamford, CT (HRChase)		-		2,376			1,458		-			-		2,376		1,458		3,834		209	2017	39
Old Greenwich , CT (HRCVS)		1,006		2,295			2,700		-			4		2,295		2,704		4,999		388	2017	39
Waldwick, NJ		-		2,761			5,571		1			315		2,762		5,886		8,648		806	2017	39
Dumont, NJ		8,989		6,646			15,341		3			440		6,649		15,781		22,430		2,141	2017	39
Ridgefield, CT		-		293			2,782		-			480		293		3,262		3,555		477	2017	39
Yonkers, NY		-		7,525			5,920		1			350		7,526		6,270		13,796		744	2017	39
New City, NY		-		2,494			631		12			4		2,506		635		3,141		72	2017	39
Brewster, NY		11,050		4,106			10,620		2,789			3,383		6,895		14,003		20,898		1,490	2019	39
Shelton, CT		-		11,484			21,804		-			19		11,484		21,823		33,307		419	2022	39
		299,153		235,239			795,310		8,529			139,582		243,768		934,892		1,178,660		298,407
Total	$	299,153	$	237,315		$	801,688	$	8,529		$	142,824	$	245,844	$	944,512	$	1,190,356	$	303,488

URSTADT BIDDLE PROPERTIES INC.

October 31, 2022

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - CONTINUED

(In thousands)

	Year Ended October 31,
NOTES:	2022			2021			2020
(a) RECONCILIATION OF REAL ESTATE-OWNED SUBJECT TO OPERATING LEASES
Balance at beginning of year	$	1,148,382		$	1,149,182		$	1,141,770
Property improvements during the year		15,219			14,391			24,443
Properties acquired during the year		33,288			-			-
Properties sold during the year		(4,596	)		(6,258	)		(11,335	)
Property assets fully depreciated and written off		(1,937	)		(8,933	)		(5,696	)
Balance at end of year (e)	$	1,190,356		$	1,148,382		$	1,149,182
(b) RECONCILIATION OF ACCUMULATED DEPRECIATION
Balance at beginning of year	$	278,605		$	261,325		$	241,154
Provision during the year charged to income (d)		27,715			27,494			27,438
Property sold during the year		(895	)		(1,281	)		(1,571	)
Property assets fully depreciated and written off		(1,937	)		(8,933	)		(5,696	)
Balance at end of year	$	303,488		$	278,605		$	261,325

(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 $932 million at October 31, 2022.