FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Form 3 Holdings Reported Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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 * BIDDLE WILLING L 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) President and COO (Last) (First) (Middle) 53 ELMWOOD ROAD 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 10/31/2006 (Street) SOUTH SALEM, NY 10590 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Reporting (check applicable line) _X_ Form Filed by One Reporting Person ___ 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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Amount (A) or (D) Price Common Stock 04/21/2006   J 33 (1) A $ 17.02 1,385,753 (2) I See footnote (3) Common Stock 07/21/2006   J 35 (1) A $ 16.103 1,385,753 (2) I See footnote (3) Common Stock 10/20/2006   J 32 (1) A $ 18.033 1,385,753 (2) I See footnote (3)

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SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year (Instr. 4)

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

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BIDDLE WILLING L 53 ELMWOOD ROAD SOUTH SALEM, NY 10590	  X	  X	  President and COO	Â

Signatures

Willing L. Biddle		11/16/2006
**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)	Those shares of Common Stock of which Mr. Biddle is the indirect beneficial owner and which are owned 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 April 21, 2006, July 21, 2006 and October 20, 2006, dividends on these shares were paid and automatically reinvested in additional shares of Common Stock for the benefit of Mr. Biddle in the amounts of 33.0532 shares, 35.3512 shares and 31.9646 shares, respectively.
(2)	This figure includes 517,500 restricted shares of Common Stock issued pursuant to the Issuer?s Amended and Restated Restricted Stock Award Plan.
(3)	Mr. Biddle is the direct beneficial owner of 1,369,305 shares of Common Stock, including the 517,500 restricted shares referenced in Footnote (2). In Addition, he is the indirect beneficial owner of 2,878 shares of Common Stock owned by the Compensation Plan Trust, 2,307 shares of Common Stock owned by the Willing L. Biddle IRA for the benefit of Mr. Biddle, 5,163 shares of Common Stock owned by the P. T. Biddle (Deceased) IRA for the benefit of Willing Biddle, 4,475 shares of Common Stock owned beneficially and of record by Catherine U. Biddle, Mr. Biddle?s wife, 555 shares of Common Stock owned beneficially and of record by the Catherine U. Biddle IRA for the benefit of Catherine U. Biddle, and 1,070 shares of Common Stock owned by the Charles and Phoebe Biddle Trust UAD 12/20/93 for the benefit of the Issue of Willing L. Biddle (the ?Biddle Trust?). Mr. Biddle and Charles J. Urstadt are the sole trustees of the Biddle Trust.

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