Timeline

1969

A REIT IS BORN

A REIT IS BORN

First Hubbard Real Estate Investments Annual Report; Ralph Coburn, President (inset). Hubbard Real Estate Investments, an unincorporated Massachusetts Business Trust, is formed on July 7 in Massachusetts. Merrill Lynch, Pierce, Fenner & Smith sponsors the REIT. The advisor is Hubbard, Westervelt & Mottelay, a Merrill Lynch real estate financing subsidiary..Read More

1970

FIRST DIVIDEND ISSUED; DEBUT ON NYSE

FIRST DIVIDEND ISSUED; DEBUT ON NYSE

In January, the company’s first quarterly dividend is paid to its shareholders. Hubbard Real Estate Investments is listed on the New York Stock Exchange in May under the ticker “HRE”. The company is headquartered in Boston, but is effectively run out of Merrill Lynch’s office in NYC.

1972

A DIVERSE, NATIONAL PROPERTY PORTFOLIO FORMS

A DIVERSE, NATIONAL PROPERTY PORTFOLIO FORMS

The company ends the fiscal year with ownership of 58 properties, mostly generated from deals with Merrill’s corporate clients. The portfolio includes properties occupied by department stores, supermarkets, gas stations, corporate headquarters and storage and distribution centers across the country, with the greatest concentration in the Southwest.

1975

NEW LEADERSHIP TAKES CHARGE

William F. Murdoch, Jr, President.

Merrill Lynch executive William F. Murdoch, Jr. is named president to replace the retiring Coburn as president of the company. At year-end, the company owned 59 net-leased properties in 21 states. The largest tenant, W.T. Grant with 11 locations and occupying 1.6 million square feet owned by the company, files..Read More

1981

SUCCESSFUL $100 MILLION OFFERING

SUCCESSFUL $100 MILLION OFFERING

The company raises $100 million. It embarks on a new strategy investing in office building developments around the U.S.

1986

A NEW NAME AND HQ

530 Fifth Avenue, New York, NY.

Following tax law changes that modernized restrictions on REITs, the company ends its advisory relationship with Merrill Lynch, becomes self-administered and changes its name to HRE Properties. Many assets are sold back to tenants, and the number of properties owned by the company is reduced to 26. Urstadt is named..Read More

1989

CHARLES J. URSTADT TAKES OVER AS CEO

Charles J. Urstadt, President and CEO.

In addition to his position as Chairman, Urstadt is also named President and Chief Executive Officer. Urstadt presents a new strategic plan for the company, which his fellow directors endorse. Five simple principals are adopted: 1. HRE would invest primarily in one property type (i.e., open air retail centers) and..Read More

1993

WING BIDDLE JOINS THE COMPANY AMID GROWTH

Willing L. Biddle, Vice President and Charles J. Urstadt, President and CEO

Willing “Wing” Biddle, a former real estate banker and development executive, as well as a son-in-law of Urstadt, joins the company as Vice President of Management and the portfolio transition accelerates. At year end, 66% of the company’s portfolio is located in the Northeast, with retail properties comprising 65% of..Read More

1995

A NEW HOME IN GREENWICH, CT

321 Railroad Avenue, Greenwich, CT

The company purchases an office building at 321 Railroad Avenue in Greenwich, CT and relocates its 16 employees from NYC both to reduce costs and to be better able to focus on suburban centers. 77% of the company’s assets are now retail properties.

1996

WING BIDDLE NAMED CEO

Willing L. Biddle, President and CEO.

Biddle is named President and Chief Operating Officer.

1998

COMPANY RENAMED URSTADT BIDDLE PROPERTIES INC.

Urstadt Biddle Properties Inc. stock certificate, circa 1998.

The shareholders approve changing the name of the company to Urstadt Biddle Properties Inc. A special dividend of Class A Common Stock (“UBA”) is distributed to recordholders of Common Stock (“UBP”).

1999

COMPANY CELEBRATES 30 YEARS OF GROWTH

COMPANY CELEBRATES 30 YEARS OF GROWTH

The company celebrates 30 years of uninterrupted dividends and its core portfolio is 13 shopping centers and a few small office buildings in Greenwich, all totaling 1,568,000 square feet. The balance of the portfolio consists of nine legacy properties containing 1,604,000 square feet and one 4.2-acre vacant parcel. Notable additions..Read More

1997

BIDDLE AND CHARLES D. URSTADT NAMED TO BOARD

BIDDLE AND CHARLES D. URSTADT NAMED TO BOARD

HRE Properties is reorganized from a trust to a Maryland corporation. Biddle and Charles D. Urstadt, a real estate brokerage executive and son of Charles J. Urstadt, are elected to the Board of Directors.

2002

RIDGEWAY SHOPPING CENTER ACQUIRED

Ridgeway Shopping Center, Stamford, CT

The company acquires a controlling interest in Ridgeway Shopping Center in Stamford, CT via its first DownREIT transaction. The 360,000 square foot center is the largest open-air center in Fairfield County.

2003

FOUR MAJOR ACQUISITIONS COMPLETED

FOUR MAJOR ACQUISITIONS COMPLETED

The company purchases four notable properties: Westchester Pavilion, an enclosed 185,000 square foot center in White Plains, NY; Orange Meadows Shopping Center, a 78,000 square foot property in Orange, CT; Green Farms Plaza, a 38,000 square foot center in Westport, CT; and Somers Commons, a 135,000 square foot center in..Read More

2004

CORE PROPERTY PORTFOLIO REACHES MILESTONE

The Dock Shopping Center, Stratford, CT.

The company celebrates 35 years of uninterrupted dividends. In its core property portfolio, the company holds 30 properties totaling 2,907,000 square feet. The balance of the portfolio consists of four legacy properties containing 775,000 square feet. The Dock Shopping Center, a 269,000 square foot property in Stratford, CT, is purchased.

2005

STAPLES PLAZA ACQUIRED

Staples Plaza, Yorktown, NY.

The company purchases Staples Plaza, a 200,000 square foot center in Yorktown, NY.

2007

EMERSON PLAZA ADDED TO PORTFOLIO

Emerson Plaza, Emerson, NJ

The company acquires Emerson Plaza, a 92,000 square foot center in Emerson NJ.

2008

TWO SIGNIFICANT TRANSACTIONS ADD CORE PROPERTIES

Veterans Plaza, New Milford, C

Veterans Plaza, a 70,000 square foot center in New Milford, CT, is acquired, and a controlling interest in Ferry Plaza, a 101,000 square foot center in Newark, NJ, is acquired via a DownREIT transaction.

2009

COMPANY CELEBRATES 40TH ANNIVERSARY

Urstadt Biddle Properties Board of Directors. Front row (L-R): George H.C. Lawrence, E. Virgil Conway, Charles J. Urstadt, Robert R. Douglass, Peter Herrick. Back Row: Willing L. Biddle, George J. Vojta, Robert J. Mueller, Charles D. Urstadt.

The company celebrates its 40th anniversary and the continuous payment of uninterrupted dividends since its founding, as well as 16 consecutive years of increased dividends. The company’s core property portfolio has grown to 49 properties totaling 3,471,000 square feet.

2010

COMPANY EXPANDS WITH FOUR MAJOR PROPERTY ACQUISITIONS

New Milford Plaza, New Milford, CT.

The company purchases interests in four significant properties: New Milford Plaza, a 231,000 square foot center in New Milford, CT; a 67% interest in Putnam Plaza, a 193,000 square foot center in Carmel, NY; an 11% interest in Midway Shopping Center, a 247,000 square foot property in Scarsdale, NY; and..Read More

2011

THREE SHOPPING CENTERS ADDED TO PORTFOLIO

Fairfield Plaza, New Milford, CT.

The company acquires three centers: Fairfield Plaza, a 72,000 square foot center in New Milford, CT; Fairfield Centre, a 63,000 square foot property in Fairfield, CT; and Eastchester Plaza, a 24,000 square foot property in Eastchester, NY.

2012

ORANGEBURG AND CHESTNUT RIDGE CENTERS PURCHASED

Chestnut Ridge Shopping Center, Montvale, NJ

A controlling interest in Orangetown Shopping Center, a 74,000 square foot property in Orangeburg, NY, is acquired via a DownREIT transaction, and a 50% interest in Chestnut Ridge Shopping Center, a 76,000 square foot center in Montvale, NJ, is also aquired.

2013

VILLAGE SHOPPING CENTER PURCHASED

illage Shopping Center, New Providence, NJ.

Charles J. Urstadt steps down as chief executive officer (remaining as Chairman). Biddle retains his title of President and becomes CEO. In May, the company acquires Village Shopping Center, a 109,000 square foot property in New Providence, NJ.

2014

45 YEARS AND 5 2014 NEW PROPERTIES

Boonton ACME Shopping Center, Boonton, NJ

The company celebrates 45 years of uninterrupted dividends and 21 years of increased dividends. In its core property portfolio, the company holds 74 properties totaling 5,125,000 square feet. By 2014, almost all non-core properties have been sold, and the portfolio transformation has been completed through the use of a number..Read More

2015

OVER 400,00 SQUARE FEET ADDED TO PORTFOLIO

Harrison Market Square, Harrison, NY

The company acquires Harrison Market Square, a 25,000 square foot property in Harrison, NY, as well as a portfolio of four centers totaling 375,000 square feet in northern New Jersey.

2016

EXPANSION CONTINUES

Orangetown Shopping Center, Orangeburg, NY

The company completes the acquisition of two notable properties: Newfield Green Shopping Center, a 72,000 square foot center in Stamford, CT, and 970 High Ridge Road, a 27,000 square foot center also in Stamford, CT.

2017

FIVE SIGNIFICANT TRANSACTIONS

High Ridge Shopping Center, Stamford, CT

The company acquires interests in five significant properties: High Ridge Shopping Center, a 92,000 square foot center in Stamford, CT; CVS Pharmacy, an 8,000 square foot building in Old Greenwich, CT; Van Houten Plaza, a 37,000 square foot center in Passaic, NJ; Waldwick Plaza, a 27,000 square foot center in..Read More

2018

CHARLES J. URSTADT RETIRES CHARLES D. URSTADT BECOMES CHAIRMAN

Willing L. Biddle, President and CEO, Charles D. Urstadt, Chairman, Charles J. Urstadt, retired Chairman.

The company announces the retirement of Charles J. Urstadt as Chairman and the election of Charles D. Urstadt (formerly Vice Chairman) as Chairman. COMPANY ACQUIRES ADDITIONAL PROPERTY The company acquires Aldi Square, a 39,000 square foot center in Derby, CT; 470 Main Street, a 24,200 mixed use property in Ridgefield,..Read More

2019

50TH ANNIVERSARY CELEBRATED WITH CONTINUED EXPANSION

Directors and Staff celebrate the company’s 50th anniversary at the New York Stock Exchange.

The company celebrates its 50th anniversary, marking the event by ringing the closing bell at the New York Stock Exchange on September 6, 2019. The company acquires Lakeview Plaza, a 177,000 square foot center in Brewster NY. The portfolio has grown to 82 properties totaling 5,278,000 square feet, and the..Read More

2020 & 2021

STRATEGIC RESILIENCE

UBP Curbside Pickup Location

The company experiences an unprecedented event with the COVID-19 pandemic. Government restrictions on business operations and changes in the public’s shopping patterns driven by fear of the virus negatively impact the company’s approximately 900 commercial tenants, in response, the company to supports many of its struggling tenants with lease modifications...Read More

2022

Shelton Square Shopping Center

Shelton Square Shopping Center

The company acquires Shelton Square Shopping Center, a 188,000-square-foot property in Shelton, CT.

2023

GREAT THINGS AHEAD

Map of UBP Properties in the Tri-State Area.

Having accumulated an irreplaceable portfolio of properties in one of the best retail markets in the country and with a great team to run them and acquire more, the company’s future is bright.