Item 1.01 Entry into a Material Definitive Agreement.

On January 26, 2023, Urstadt Biddle Properties Inc. (the "Company") entered into Amendment No. 1 to Amended and Restated Credit Agreement (the "Amended Credit Agreement") with a syndicate of three banks led by The Bank of New York Mellon, as administrative agent, and Wells Fargo Bank N.A. and Bank of Montreal, as co-syndication agents, to (i) update the process by which the London Interbank Offered Rate ("LIBOR") will be replaced with an adjusted Secured Overnight Financing Rate ("SOFR") as the interest reference rate for all loans under the Amended Credit Agreement and (ii) make certain other technical amendments and modifications to the terms of the Amended Credit Agreement.

The forgoing summary does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended Credit Agreement, which is filed as Exhibit 10.1 hereto and incorporated herein by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Form 8-K is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.



(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) The following exhibits are filed as part of this report:



      10.1 Amendment No. 1 to Amended and Restated Credit Agreement, dated as of
    January 26, 2023, by and among Urstadt Biddle Properties Inc., The Bank of New
    York Mellon, as Administrative Agent, and Wells Fargo Bank, N.A. and Bank of
    Montreal, as co-syndication agents.

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