Urstadt Biddle Properties Inc. Announces Completion of $35 million Mortgage Loan Financing For The Dock Shopping Center in Stratford, CT

GREENWICH, Conn.--(BUSINESS WIRE)---- $UBA #pressrelease--Urstadt Biddle Properties Inc. (the “Company”) (NYSE: UBA and UBP) announced today that two wholly-owned subsidiaries of the Company have completed the mortgage refinancing of one of the Company’s retail properties, The Dock Shopping Center in Stratford, Connecticut. The mortgage financing has a ten year term with monthly payments based on a thirty year amortization period at a variable interest rate based on the Secured Overnight Financing Rate (“SOFR”), plus