|Urstadt Biddle Properties Inc., a real estate investment trust (REIT), is engaged in the acquisition, ownership and management of commercial real estate, neighborhood and community shopping centers, in the northeastern part of the United States. The Company's tenants include supermarket chains and other retailers who sell basic necessities. The Company's sole business is the ownership of real estate investments, which consist of investments in income-producing properties, with emphasis on properties in the northeastern part of the United States with a concentration in Fairfield County, Connecticut, Westchester and Putnam Counties, New York and Bergen County, New Jersey. The Company's core properties consist principally of neighborhood and community shopping centers, five office buildings and one office/retail mixed use property. As of October 31, 2010, the Company owned or had equity interests in 50 properties containing a total of 4.6 million square feet of gross leasable area (GLA).