Urstadt Biddle Properties Inc. is a real estate investment trust. The Company is engaged in the acquisition, ownership and management of commercial real estate. The Company's primary business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on properties in the metropolitan New York tri-state area outside of the City of New York. Its properties consist of neighborhood and community shopping centers and seven office buildings. It seeks to identify desirable properties for acquisition, which it acquires in the normal course of business. It owns or has equity interests in approximately 70 properties consisting of neighborhood and community shopping centers, office buildings, single tenant retail or restaurant properties and office/retail mixed use properties located in over four states throughout the United States, containing a total of approximately 4.9 million square feet of gross leasable area.