At their regular meeting held on December 15, 2021, the Board of Directors of Urstadt Biddle Properties Inc. approved an increase in the quarterly dividend rate declared for its Class A Common stock and Common stock. The quarterly dividend rate declared for the Class A Common Stock was increased to $0.2375 per share and the quarterly dividend rate declared for the Common stock was increased to $0.2145 per share, which represents an annualized increase of $0.03 per share for both classes of common stock. The dividends are payable January 14, 2022 to stockholders of record on January 5, 2022.