FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * URSTADT CHARLES J   2. Issuer Name and Ticker or Trading Symbol URSTADT BIDDLE PROPERTIES INC [UBP] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman of the Board and CEO (Last) (First) (Middle) 2 PARK PLACE 3. Date of Earliest Transaction (Month/Day/Year) 05/23/2007 (Street) BRONXVILLE, NY 10708 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 01/19/2007   J   6,113 (1) A $ 17.47 3,005,684 I See Exhibit 2 Common Stock 01/19/2007   J   95 (2) A $ 17.47 3,005,779 I See Exhibit 2 Common Stock 04/20/2007   J   5,262 (1) A $ 17.78 3,011,041 I See Exhibit 2 Common Stock 04/20/2007   J   94 (2) A $ 17.78 3,011,135 I See Exhibit 2 Common Stock 05/23/2007   J   5,472 (3) D (3) (3) 3,005,663 I See Exhibit 2 Common Stock 05/23/2007   J   541,705 (3) D (3) (3) 2,463,958 I See Exhibit 2 Common Stock 05/23/2007   J   547,177 (3) A (3) (3) 3,011,135 I See Exhibit 2

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
URSTADT CHARLES J 2 PARK PLACE BRONXVILLE, NY 10708	X	X	Chairman of the Board and CEO
URSTADT PROPERTY CO INC 2 PARK PLACE BRONXVILLE, NY 10708		X

Signatures

Charles J. Urstadt by Thomas D. Myers as Attorney in Fact		05/24/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	A portion of those shares of Common Stock of which Mr. Urstadt is the direct beneficial owner are subject to automatic reinvestment of dividends pursuant to the Issuer's Dividend Reinvestment Plan. On January 19, 2007 and April 20, 2007, dividends on these shares were paid and automatically reinvested in additional Common Stock for the benefit of Mr. Urstadt in the amounts of 6,112.6647 shares and 5,262.416 shares, respectively.
(2)	Those shares of Common Stock described in Exhibit 2 of which Charles J. Urstadt is the indirect beneficial owner and which are owned of Record by the Trust Established Under the Urstadt Biddle Properties Inc. Excess Benefits and Deferred Compensation Plan (the ?Compensation Plan Trust?) are subject to automatic reinvestment of dividends pursuant to the Issuer?s Dividend Reinvestment Plan. On January 19, 2007 and April 20, 2007, dividends on these shares were paid and automatically reinvested in additional Common Stock for the benefit of Mr. Urstadt by the Compensation Plan Trust in the amounts of 94.9532 shares and 94.4379 shares, respectively.
(3)	See Exhibit 1.

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