PREOPERTY PORTFOLIO - DETAIL
April 30, 2021

Property Demographics ₁
3-Mile Radius
Gross Leasable Area
Percentage Leased
Annualized Base Rent PSF for Leased Space
Total
Population
Number of
Households
Average Household
Income
Median Household
Income
Property Location
Property Name
Anchor Tenant's
% Owned
Year Acquired
Anchors
Shops
Total
Anchors
Shops
Total
Anchors
Shops
Total
Connecticut
Stamford
Ridgeway
Stop & Shop Supermarket
100
%
2002
72,000
302,111
374,111
100.00
%
90.44
%
92.28
%
$
30.46
$
29.96
$
30.07
141,844
55,761
150,035
106,806
Stratford
The Dock
Stop & Shop Supermarket / BJ's Wholesale
100
%
2005
167,754
110,731
278,485
100.00
%
97.32
%
98.93
%
$
16.93
$
21.91
$
18.48
86,188
35,103
87,634
70,304
New Milford
New Milford Plaza
Wal-Mart / Stop & Shop Supermarket
100
%
2010
177,028
58,216
235,244
100.00
%
100.00
%
100.00
%
$
6.52
$
14.67
$
8.54
14,557
6,151
109,231
84,777
Danbury₂
Danbury Square
Christmas Tree Shops
100
%
1995
47,555
146,407
193,962
100.00
%
94.70
%
96.00
%
$
24.90
$
15.76
$
18.09
62,983
23,154
90,816
72,679
Darien
Goodwives
Stop & Shop Supermarket
100
%
1998
42,083
53,674
95,757
100.00
%
81.29
%
89.51
%
$
33.99
$
40.18
$
37.14
68,123
25,445
195,807
127,060
Stamford
High Ridge Center
Trader Joe's Supermarket/DSW Shoe Warehouse
24
%
2017
37,211
49,911
87,122
100.00
%
80.28
%
88.70
%
$
32.52
$
54.55
$
43.94
54,638
20,718
209,748
151,078
New Milford
Veteran's Plaza
Big Y Supermarket
100
%
2008
55,450
25,821
81,271
100.00
%
74.90
%
92.02
%
$
8.47
$
19.74
$
11.39
17,080
7,110
103,760
82,798
Orange
Orange Meadows
Trader Joe's Supermarket/TJ Maxx
100
%
2003
38,313
39,148
77,461
100.00
%
54.71
%
77.11
%
$
17.82
$
18.54
$
18.07
51,889
21,534
110,118
92,442
Stamford
Newfield Green
Grade A Market
100
%
2016
30,780
43,308
74,088
100.00
%
96.54
%
97.98
%
$
24.04
$
48.97
$
38.40
135,092
53,041
146,350
103,754
New Milford
Fairfield Plaza
Staples/Vacant
100
%
2011
45,645
26,342
71,987
44.67
%
62.31
%
51.12
%
$
15.00
$
15.66
$
15.29
15,055
6,350
109,673
85,261
Fairfield
Fairfield Center
Marshalls
100
%
2011
32,714
28,939
61,653
100.00
%
100.00
%
100.00
%
$
24.51
$
24.66
$
24.58
75,472
27,670
139,372
98,163
Ridgefield
Ridgefield
N/A
100
%
1998
-
61,870
61,870
0.00
%
87.91
%
87.91
%
$
-
$
24.98
$
24.98
21,367
8,010
240,260
161,072
Greenwich Offices
Various
Various
100
%
Various
-
57,746
57,746
0.00
%
100.00
%
100.00
%
$
-
$
31.74
$
31.74
71,502
26,826
202,331
128,331
Greenwich
Cos Cob Commons
CVS
100
%
2014
15,629
32,018
47,647
100.00
%
81.15
%
87.33
%
$
63.85
$
39.80
$
48.83
65,349
24,506
231,151
143,730
Westport
Greens Farm
BevMax
100
%
2003
14,100
25,554
39,654
100.00
%
35.59
%
58.49
%
$
16.85
$
38.63
$
25.39
32,646
12,221
291,970
176,113
Greenwich
Kings Shopping Center
Kings Supermarket
100
%
2014
18,432
20,846
39,278
100.00
%
84.60
%
91.83
%
$
27.50
$
39.62
$
33.43
102,757
41,202
163,205
111,227
Derby
Aldi Square
Aldi Supermarket
100
%
2017
19,069
18,723
37,792
100.00
%
87.98
%
94.05
%
$
9.47
$
22.46
$
15.49
54,292
22,677
84,621
70,782
Danbury
Airport Plaza
Buffalo Wild Wings
100
%
2002
8,116
24,572
32,688
100.00
%
87.58
%
90.67
%
$
29.65
$
29.06
$
29.22
54,899
19,970
93,489
73,702
Bethel
The Hub
Rite Aid/Vacant
100
%
2014
21,480
9,460
30,940
100.00
%
100.00
%
100.00
%
$
16.66
$
25.75
$
19.44
64,897
23,850
87,496
69,035
Stamford
970 High Ridge
FedEx Office
100
%
2016
6,734
20,599
27,333
100.00
%
89.32
%
91.95
%
$
42.00
$
33.64
$
35.88
61,116
23,905
200,165
143,703
Ridgefield
Yankee Ridge Center
N/A
100
%
2018
-
22,957
22,957
0.00
%
100.00
%
100.00
%
$
-
$
27.20
$
27.20
21,188
7,953
240,158
161,234
Greenwich
Cos Cob Plaza
Vacant
100
%
2013
4,025
10,880
14,905
0.00
%
97.42
%
71.11
%
$
-
$
40.64
$
40.64
75,863
29,029
213,902
132,169
Greenwich
Greenwich Commons
Wells Fargo
100
%
2013
2,400
7,344
9,744
100.00
%
100.00
%
100.00
%
$
88.00
$
87.30
$
87.47
71,502
26,826
202,331
128,331
Greenwich
Old Greenwich - CVS
CVS
24
%
2017
8,000
-
8,000
100.00
%
0.00
%
100.00
%
$
30.17
$
-
$
30.17
100,246
40,188
163,419
111,467
Stamford
High Ridge - Chase
J.P Morgan Chase Bank
24
%
2017
4,160
-
4,160
100.00
%
0.00
%
100.00
%
$
77.84
$
-
$
77.84
54,638
20,718
209,748
151,078
Stratford
Knott's Landing
Chipotle
100
%
2020
2,400
800
3,200
100.00
%
0.00
%
75.00
%
$
57.50
$
-
$
57.50
86,337
35,044
87,101
69,931
Unionville
Unionville Family Restaurant
Unionville Family Restaurant
100
%
2013
2,530
-
2,530
100.00
%
0.00
%
100.00
%
$
23.32
$
-
$
23.32
27,741
11,277
168,379
125,357
873,608
1,197,977
2,071,585
96.6
%
88.6
%
92.0
%
$
19.89
$
28.42
$
24.58
New York
Brewster
Lakeview Plaza
Acme Supermarket
100
%
2018
45,366
130,128
175,494
100.0
%
67.3
%
75.7
%
$
9.50
$
22.20
$
17.87
14,843
5,519
130,806
105,158
Carmel
Carmel ShopRite Center
ShopRite Supermarket
100
%
1995
65,342
80,078
145,420
100.0
%
87.5
%
93.1
%
$
10.86
$
15.53
$
13.28
19,025
7,113
119,676
96,839
Ossining
Arcadian
Stop & Shop Supermarket
100
%
1998
64,858
72,399
137,257
100.0
%
85.3
%
92.2
%
$
20.88
$
27.26
$
23.99
40,079
13,506
154,388
111,476
Somers
Somers Commons
Home Goods
100
%
2003
30,000
104,760
134,760
100.0
%
94.9
%
96.1
%
$
19.00
$
20.10
$
19.85
36,448
13,720
145,558
112,652
Yorktown3
Staples Plaza
Staples
100
%
2005
15,322
107,596
122,918
100.0
%
80.7
%
83.1
%
$
18.15
$
21.06
$
20.63
35,057
12,538
160,304
118,229
Somers
Towne Centre at Somers
CVS
100
%
1999
14,013
66,401
80,414
100.0
%
97.9
%
98.3
%
$
29.04
$
31.72
$
31.24
21,214
8,270
178,093
124,563
Orangeburg
Orangetown Shopping Center
CVS
45
%
2012
12,410
61,868
74,278
100.0
%
80.8
%
84.0
%
$
29.98
$
20.08
$
22.05
41,857
13,899
178,942
120,337
Eastchester
DeCicco's Plaza
DeCicco & Sons Market
100
%
1997
29,754
40,132
69,886
100.0
%
100.0
%
100.0
%
$
22.00
$
40.07
$
32.38
113,782
43,462
238,056
157,825
Yonkers
McLean Shopping Center
Acme Supermarket
53
%
2014
35,000
22,989
57,989
100.0
%
82.6
%
93.1
%
$
2.20
$
53.79
$
20.34
559,725
210,360
75,918
56,529
Briarcliff Manor4
Chilmark
CVS
100
%
2001
13,900
32,838
46,738
100.0
%
80.8
%
86.5
%
$
36.00
$
32.16
$
33.48
44,727
15,159
166,128
119,401
Rye
Rye Portfolio
N/A
100
%
2004
-
38,682
38,682
0.0
%
100.0
%
100.0
%
$
-
$
38.54
$
38.54
81,291
28,687
184,337
120,135
Ossining
Rockledge
Westchester Community College
100
%
1999
12,558
16,449
29,007
100.0
%
78.9
%
88.1
%
$
17.25
$
24.53
$
20.95
40,079
13,506
154,388
111,476
Katonah
Village Commons
N/A
100
%
2010
-
27,988
27,988
0.0
%
66.3
%
66.3
%
$
-
$
37.68
$
37.68
14,779
4,877
239,255
152,230
Yonkers
Tanglewood Shopping Center
Autozone
100
%
2018
8,300
18,675
26,975
100.0
%
100.0
%
100.0
%
$
32.64
$
38.87
$
36.95
136,412
52,723
190,471
132,984
Harrison
Harrison Shopping Center
Key Food
100
%
2015
12,018
14,175
26,193
100.0
%
100.0
%
100.0
%
$
25.03
$
33.86
$
29.81
70,310
25,203
215,856
137,867
Pelham
Pelham
Mason Supermarket
100
%
2006
10,000
14,915
24,915
100.0
%
100.0
%
100.0
%
$
22.44
$
39.29
$
32.53
319,545
120,943
92,562
67,535
Eastchester
Eastchester Plaza
CVS
100
%
2012
13,506
10,195
23,701
100.0
%
77.9
%
90.5
%
$
33.55
$
39.82
$
35.87
178,526
69,448
173,645
121,195
Somers
Heritage 202
Putnam County Savings Bank
100
%
1992
3,184
16,074
19,258
100.0
%
73.5
%
77.9
%
$
52.32
$
32.15
$
36.43
21,692
8,413
175,912
123,495
Bronxville & Yonkers
N/A
People's United Bank / JP Morgan Chase Bank
100
%
2008 & 2009
16,527
2,278
18,805
100.0
%
100.0
%
100.0
%
$
20.83
$
35.58
$
22.61
254,868
97,349
95,179
77,713
Kingston
Kingston
Taste of Italy
100
%
2013
3,372
-
3,372
100.0
%
0.0
%
100.0
%
$
28.73
$
-
$
28.73
18,543
8,137
64,377
50,492
New City
New City Pad
Putnam County Savings Bank
84
%
2018
2,596
-
2,596
100.0
%
0.0
%
100.0
%
$
49.73
$
-
$
49.73
66,599
20,302
156,424
124,458
408,026
878,620
1,286,646
100.0
%
84.9
%
89.7
%
$
18.52
$
27.02
$
24.02

Note 1 - Demographics provided by Applied Geographic Solutions, 4/2018
Note 2 - Leased square footage includes 65,700 of square feet for former Toy's 'R' Us and Babies 'R' Us space now owned by OSJ of Danbury, LLC at zero rent.
Note 3 - Property is shadow anchored by a BJ's Wholesale Club
Note 4 - Property is shadow anchored by an Acme Supermarket
New Jersey
Midland Park
Midland Park Shopping Center
Kings Supermarket
100
%
2015
29,550
100,775
130,325
100.0
%
87.3
%
90.1
%
$
24.49
$
26.31
$
25.85
109,808
39,080
200,521
146,928
New Providence
Village Shopping Center
Acme Supermarket
100
%
2013
45,464
63,163
108,627
100.0
%
100.0
%
100.0
%
$
22.75
$
35.46
$
30.14
65,171
23,282
251,533
169,419
Newark
Ferry Plaza
Seabra Foods
100
%
2008
63,433
44,435
107,868
100.0
%
100.0
%
100.0
%
$
14.27
$
29.90
$
20.71
215,114
73,980
62,397
47,096
Wayne
Valley Ridge
Whole Foods
100
%
1992
38,792
64,625
103,417
100.0
%
89.7
%
93.6
%
$
16.50
$
32.98
$
26.37
118,957
39,968
110,130
85,858
Pompton Lakes
Pompton Lakes Town Square
Planet Fitness
100
%
2015
18,000
76,065
94,065
100.0
%
45.6
%
56.0
%
$
15.00
$
27.54
$
23.25
56,465
21,737
125,529
101,840
Emerson
Shop Rite Plaza
ShopRite Supermarket
100
%
2007
53,450
39,212
92,662
100.0
%
53.8
%
80.4
%
$
9.48
$
28.68
$
14.91
94,557
32,795
173,651
129,160
Kinnelon
Meadtown Shopping Center
Marshall's
100
%
2015
24,511
52,360
76,871
100.0
%
100.0
%
100.0
%
$
16.00
$
26.78
$
23.34
32,720
13,257
127,823
104,719
Dumont
Washington Commons
Stop & Shop Supermarket
36
%
2017
44,282
29,905
74,187
100.0
%
84.3
%
93.7
%
$
19.45
$
29.65
$
23.15
151,520
51,669
157,948
118,881
Boonton
Boonton Acme Center
Acme Supermarket
100
%
2014
49,463
13,278
62,741
100.0
%
91.5
%
98.2
%
$
21.37
$
35.21
$
24.10
49,019
19,135
161,858
122,654
Bloomfield
Bloomfield Crossing
Walgreen's / Food World
100
%
2014
42,548
16,688
59,236
100.0
%
85.3
%
95.9
%
$
6.12
$
31.24
$
12.42
315,879
122,723
93,191
74,350
Wyckoff
Cedar Hill Shopping Center
Walgreen's
100
%
2015
15,960
27,410
43,370
100.0
%
93.6
%
95.9
%
$
26.68
$
31.33
$
29.55
82,065
29,434
202,691
145,278
Passaic
Van Houton Farms
Dollar Tree/Family Dollar
100
%
2017
20,816
15,703
36,519
100.0
%
17.8
%
64.7
%
$
10.50
$
24.80
$
12.20
287,060
99,901
95,493
76,636
Waldwick
Waldwick Plaza
United States Postal Service
100
%
2017
5,567
20,954
26,521
100.0
%
87.1
%
89.8
%
$
25.00
$
28.19
$
27.45
78,990
27,271
226,218
158,515
Waldwick
Waldwick Rite Aid
Rite Aid
100
%
2007
20,000
-
20,000
100.0
%
0.0
%
100.0
%
$
26.22
$
-
$
26.22
77,970
26,946
227,939
158,405
Chester
Rainbow Childcare Center
Vacant
100
%
2013
9,120
-
9,120
0.0
%
0.0
%
0.0
%
$
-
$
-
$
-
10,003
3,448
263,871
178,921
Fort Lee
H-Mart Plaza
H-Mart
100
%
2015
7,000
-
7,000
100.0
%
0.0
%
100.0
%
$
42.01
$
-
$
42.01
551,047
213,046
90,120
63,877
Bloomfield
Friendly's - Bloomfield
Friendly's
100
%
2013
2,630
-
2,630
100.0
%
0.0
%
100.0
%
$
45.46
$
-
$
45.46
199,320
78,935
128,264
100,760
490,586
564,573
1,055,159
98.1
%
81.5
%
89.2
%
$
17.39
$
29.93
$
23.51
New Hampshire
Newington
Newington Plaza
Savers
100
%
1979
27,167
74,936
102,103
100.0
%
56.1
%
67.8
%
$
11.55
$
16.23
$
14.39
20,642
10,465
102,930
82,244
Total Consolidated
1,799,387
2,716,106
4,515,493
97.9
%
85.0
%
90.14
%
$
18.76
$
28.05
$
24.00
Unconsolidated Joint Ventures
Scarsdale, NY
Midway Shopping Center
ShopRite Supermarket
12
%
2010
73,758
168,244
242,002
100.0
%
92.2
%
94.58
%
$
17.15
$
33.18
$
28.01
331,285
127,037
99,550
74,627
Riverhead, NY
Gateway Plaza
Walmart
50
%
2014
167,951
30,350
198,301
100.0
%
100.0
%
100.00
%
$
6.15
$
27.18
$
9.37
19,838
7,504
88,939
57,963
Carmel, NY
Putnam Plaza
Tops Markets
67
%
2010
60,858
128,536
189,394
100.0
%
82.6
%
88.18
%
$
7.49
$
18.76
$
14.66
19,316
7,165
119,969
99,074
Montvale, NJ
Chestnut Ridge
The Fresh Market
50
%
2013
19,205
57,130
76,335
100.0
%
89.2
%
91.92
%
$
22.50
$
29.41
$
27.52
54,758
19,156
210,346
146,904
Riverhead, NY
Applebee's Plaza
Applebee's
50
%
2014
5,363
7,194
12,557
100.0
%
100.0
%
100.00
%
$
30.93
$
33.30
$
32.29
19,838
7,504
88,939
57,963
Total Unconsolidated
327,135
391,454
718,589
100.0
%
89.4
%
94.20
%
$
10.25
$
27.74
$
19.28


Total Core Portfolio
2,126,522
3,107,560
5,234,082
98.2
%
85.6
%
90.70
%
$
17.43
$
28.00
$
23.33
Note 1 - Demographics provided by Applied Geographic Solutions, 10/2018
Note 2 - Leased square footage includes 65,700 of square feet for former Toy's 'R' Us and Babies 'R' Us space now owned by OSJ of Danbury, LLC at zero rent.
Note 3 - Property is shadow anchored by a BJ's Wholesale Club
Note 4 - Property is shadow anchored by an Acme Supermarket

1

URSTADT BIDDLE PROPERTIES INC.
CORE PORTFOLIO SAME PROPERTY OPERATING INCOME DISCLOSURE
April 30, 2021

Six Months Ended Apr 30,
Three Months Ended Apr 30,
2021
2020
% Change
2021
2020
% Change
Same Property Operating Results:
Number of Properties (Note 4)
75 75
Revenue (Note 2)
Base Rent (Note 3)
$
50,619
$
49,906
1.4
%
$
26,066
$
24,890
4.7
%
Provision for tenant credit losses-same property
(1,379
)
(1,845
)
-25.3
%
(725
)
(1,502
)
-51.7
%
ASC Topic 842 cash-basis lease income reversal-same property
(1,892
)
-
-100.0
%
(893
)
-
-100.0
%
Recoveries from tenants
18,755
14,116
32.9
%
8,783
6,125
43.4
%
Other property income
222
211
5.2
%
178
79
125.3
%
66,325
62,388
6.3
%
33,409
29,592
12.9
%
Expenses
Property operating
7,842
6,437
21.8
%
3,939
3,054
29.0
%
Property taxes
11,746
11,712
0.3
%
5,892
5,910
-0.3
%
Other non-recoverable operating expenses
1,032
841
22.7
%
668
414
61.4
%
20,620
18,990
8.6
%
10,499
9,378
12.0
%
Same Property Net Operating Income
$
45,705
$
43,398
5.3
%
$
22,910
$
20,214
13.3
%
Other reconciling items:
Other non same-property net operating income
103
81
73
39
Other Interest income
231
248
123
107
Other Dividend income
-
182
-
182
Consolidated lease termination income
704
348
-
139
Consolidated amortization of above and below market leases
289
350
179
173
Consolidated straight line rent income
(2,331
)
550
(1,763
)
488
Equity in net income of unconsolidated joint ventures
660
976
310
463
Taxable REIT subsidiary income/(loss)
254
326
(126
)
195
Solar income/(loss)
(247
)
(198
)
(93
)
(86
)
Storage income/(loss)
445
474
192
238
Unrealized holding gains arising during the periods
-
109
-
109
Interest expense
(6,733
)
(6,648
)
(3,341
)
(3,309
)
General and administrative expenses
(4,737
)
(6,384
)
(2,093
)
(3,607
)
Provision for tenant credit losses
(1,379
)
(1,845
)
(725
)
(1,502
)
Provision for tenant credit losses-same property
1,379
1,845
725
1,502
ASC Topic 842 cash-basis lease income reversal
(1,892
)
-
(893
)
-
ASC Topic 842 cash-basis lease income reversal-same property
1,892
-
893
-
Directors fees and expenses
(198
)
(193
)
(89
)
(88
)
Depreciation and amortization
(14,710
)
(14,283
)
(7,192
)
(7,148
)
Adjustment for intercompany expenses and other
(2,079
)
(2,247
)
(566
)
(880
)
Total other -net
(28,349
)
(26,309
)
(14,386
)
(12,985
)
Income from continuing operations
17,356
17,089
1.6
%
8,524
7,229
17.9
%
Gain (loss) on sale of real estate
406
(328
)
434
11
Net income
17,762
16,761
6.0
%
8,958
7,240
23.7
%
Net income attributable to noncontrolling interests
(1,837
)
(2,066
)
(925
)
(1,028
)
Net income attributable to Urstadt Biddle Properties Inc.
15,925
14,695
8.4
%
8,033
6,212
29.3
%
Same Property Operating Expense Ratio (Note 1)
95.7
%
77.8
%
18.0
%
89.3
%
68.3
%
21.0
%

Note 1-
Represents the percentage of property operating expense and real estate tax expense recovered from tenants under operating leases
Note 2-
Excludes straight line rent, above/below market lease rent, lease termination income.
Note 3-
Base rents for the three and six month periods ended April 30, 2021 are reduced by approximately $26,500 and $425,700, respectively, in rents that were deferred and approximately $202,000 and $1.2 million, in rents that were abated because of COVID-19. Base rents for the three and six month periods ended April 30, 2021, are increased by approximately $690,000 and $1.7 million, respectively, in COVID-19 deferred rents that were billed and collected in the fiscal 2021 periods.
Note 4-
Includes only properties owned for the entire period of both periods presented

Non-GAAP Financial Measure - Net Operating Income:
We present Same Property Net Operating Income ('Same Property NOI'), which is a non-GAAP financial measure. Same Property NOI excludes from Net Operating Income ('NOI') properties that have not been owned for the full periods presented. The most directly comparable GAAP financial measure to NOI is operating income. To calculate NOI, operating income is adjusted to add back depreciation and amortization, general and administrative expense, interest expense, amortization of above and below-market lease intangibles and to exclude straight-line rent adjustments, interest, dividends and other investment income, equity in net income of unconsolidated joint ventures, and gain/loss on sale of operating properties.
We use Same Property NOI internally as a performance measure and believe Same Property NOI provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Our management also uses Same Property NOI to evaluate property level performance and to make decisions about resource allocations. Further, we believe Same Property NOI is useful to investors as a performance measure because, when compared across periods, Same Property NOI reflects the impact on operations from trends in occupancy rates, rental rates and operating costs on an unleveraged basis, providing perspective not immediately apparent from income from continuing operations. Same Property NOI excludes certain components from net income attributable to Urstadt Biddle Properties Inc. in order to provide results that are more closely related to a property's results of operations. For example, interest expense is not necessarily linked to the operating performance of a real estate asset and is often incurred at the corporate level as opposed to the property level. In addition, depreciation and amortization, because of historical cost accounting and useful life estimates, may distort operating performance at the property level. Same Property NOI presented by us may not be comparable to Same Property NOI reported by other REITs that define Same Property NOI differently.

2

URSTADT BIDDLE PROPERTIES INC.
LEASING ACTIVITY
April 30, 2021

Leases
Square
New Rent
Prior Rent
Cash Basis
Signed
Feet
Per Sq. Ft (a)
Per Sq. Ft. (a)
Change
Total Comparable Leases:
2nd Quarter 2021
53
235,573
$
20.84
$
21.59
-3.5
%
1st Quarter 2021
46
188,585
$
18.07
$
18.91
-4.4
%
4th Quarter 2020
39
73,160
$
24.53
$
26.19
-6.3
%
3rd Quarter 2020
35
69,974
$
29.00
$
29.78
-2.6
%
Totals
173
567,292
$
21.40
$
22.30
-4.0
%
New Leases - Comparable:
2nd Quarter 2021
11
32,815
$
19.10
$
22.31
-14.4
%
(e)
1st Quarter 2021
13
17,962
$
27.34
$
31.18
-12.3
%
(d)
4th Quarter 2020
14
16,770
$
18.10
$
20.96
-13.7
%
(c)
3rd Quarter 2020
9
4,825
$
30.48
$
38.07
-19.9
%
(b)
Totals
47
72,372
$
21.67
$
25.25
-14.2
%
Renewals - Comparable:
2nd Quarter 2021
42
202,758
$
21.12
$
21.47
-1.6
%
1st Quarter 2021
33
170,623
$
17.10
$
17.62
-3.0
%
4th Quarter 2020
25
56,390
$
26.45
$
27.75
-4.7
%
3rd Quarter 2020
26
65,149
$
28.89
$
29.17
-1.0
%
Totals
126
494,920
$
21.36
$
21.87
-2.3
%

(a)
New rent per sq. ft. represents the minimum cash rent under the new lease for the first 12 months of the term. Prior rent per sq. ft. represents the minimum cash rent under the prior lease for the last 12 months of the previous term.
(b)
Includes a 44.7% decrease for a space totaling 1,200 square feet at our Cedar Hill property.
(c)
Includes a 49.2% decrease for a space totaling 5,000 square feet at our New Milford Plaza Property.
(d)
Includes a 27% decrease for two spaces totaling 4,010 square feet at our Harrison property, as well as 39% decrease for space totaling 1,100 square feet at our Ridgefield property.
(e)
Includes a 42% decrease for one space totaling 13,884 square feet at our Bethel property, 34.5% decrease for space totaling 700 square feet at our Ridgeway property, as well as 15% decrease for space totaling 3,200 square feet at our Derby property.

3

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Urstadt Biddle Properties Inc. published this content on 07 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2021 20:24:06 UTC.