Urstadt Biddle Properties
Ratio of Earnings To Fixed Charges and Preferred Dividends
April 30, 2017 Exhibit 12.1

Statement Setting Forth Computation Showing the Ratio
of Earnings to Combined Fixed Charges and Preferred Dividends

	Six Months Ended						Year Ended
	2017			2016			2016			2015			2014			2013			2012
Earnings
Income from Continuing Operations	$	15,663		$	15,228		$	34,605		$	29,835		$	28,746		$	29,105		$	27,282
Subtract: Equity in net income from
unconsolidated joint ventures	$	(1,039	)	$	(920	)	$	(2,019	)	$	(1,941	)	$	(1,604	)	$	(1,318	)	$	138
Add: Distributed income of equity
investees	$	1,039		$	920		$	2,019		$	1,941		$	1,604		$	789		$	-
Add: Interest Expense	$	6,516		$	6,520		$	12,983		$	13,475		$	10,235		$	9,094		$	9,148
Total earnings available to cover fixed
charges	$	22,179		$	21,748		$	47,588		$	43,310		$	38,981		$	37,670		$	36,568
Fixed Charges (interest expense only)
Interest Expense	$	6,516		$	6,520		$	12,983		$	13,475		$	10,235		$	9,094		$	9,148
Total Fixed Charges Including Interest
Expense and Preferred Stock
Interest Expense	$	6,516		$	6,520		$	12,983		$	13,475		$	10,235		$	9,094		$	9,148
Preferred Stock Dividends	$	7,141		$	7,140		$	14,280		$	14,605		$	13,812		$	14,949		$	13,267
Allocation pursuant to EITF Topic D-42	$	-		$	-								$	1,870		$	4,233		$	2,027
Total Fixed Charges	$	13,657		$	13,660		$	27,263		$	28,080		$	25,917		$	28,276		$	24,442
Ratio of Earnings to Fixed Charges		3.40			3.34			3.67			3.21			3.81			4.14			4.00
Ratio of Earnings to Combined Fixed
Charges and Preferred Dividends		1.62			1.59			1.75			1.54			1.50			1.33			1.50