CATHERINE URSTADT BIDDLE IRREVOCABLE TRUST

                                                                       Exhibit 1


                                    AGREEMENT
                                    ---------

         The  undersigned  hereby agree that this Statement on Schedule 13D with
respect to the beneficial ownership of shares of Class A Common Stock of Urstadt
▇▇▇▇▇▇ Properties Inc. is filed jointly, on behalf of each of them.

Dated:   August 24, 1998

                               URSTADT PROPERTY COMPANY, INC.

                               By:  /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
                                    ----------------------------------------
                                    Name:    ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
                                    Title:   Chairman of the Board

                                           /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
                                    ----------------------------------------
                                             ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇

                                           /s/  ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
                                    ----------------------------------------
                                             ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇

                                ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ IRREVOCABLE
                                TRUST

                                By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ 
                                    ----------------------------------------
                                    Name:    ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
                                    Title:   Trustee

                                ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ IRREVOCABLE TRUST

                                By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇     
                                    ----------------------------------------
                                    Name:    ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
                                    Title:   Trustee




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