CEDAR REALTY TRUST, INC.

Listed Company

CDR-PCCIK 0000761648NYSENon-AcceleratedSmaller ReportingReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2025

Revenue

$29.66M

Net Income

$-1.87M

Total Assets

$165.19M

Equity

$6.36M

Shares Out

13.72M

Op. Cash Flow

$7.97M

Business

Cedar Realty Trust, Inc. is a real estate investment trust that owns and operates income-producing retail properties with a primary focus on grocery-anchored shopping centers. It provides property ownership, leasing, asset management, capital improvement programs and triple-net lease arrangements for retail tenants. The company conducts substantially all operations through Cedar Realty Trust Partnership, L.P. and related subsidiaries and affiliates under an umbrella partnership structure. Its properties are predominantly located in the Northeast and in selected secondary and tertiary markets, with occupancy driven through direct leasing to retail tenants.

Summary from filing dated 2025-03-04

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	30	35	35	34	39
Operating, maintenance and management	6	8	8	8	7
Real estate and other property-related taxes	4	5	5	6	7
Corporate general and administrative	3	2	3	10	18
Depreciation and amortization	8	9	11	10	12
Total expenses	21	24	27	34	44
Gain on sales, net	5	4	3	0	49
Impairment charges	−6	−1	0	−9	−66
Total other	−731,000	3	3	−68	−17
OPERATING INCOME	8	14	10	−68	−22
Interest expense, net	−9	−9	−8	—	—
Loss on loan prepayment	−718,000	0	—	—	—
Total non-operating income and expenses	−10	−9	−8	−11	−14
NET (LOSS) INCOME	−2	5	2	44	−45
Preferred stock dividends	−6	−10	−11	−11	−11
Deemed contributions on preferred stock	19	8	0	—	—
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS, Basic	11	2	−9	33	−56
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS, Diluted	11	2	−9	33	—
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS, Basic (in dollars per share)	0.79	0.14	−0.64	2.48	−4.24
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS, Diluted (in dollars per share)	0.79	0.14	−0.64	2.48	−4.24
Weighted average number of common shares, basic (in shares)	14	14	14	13	13
Weighted average number of common shares, diluted (in shares)	14	14	14	13	13

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Investment properties	251	304	368	364	370
Less accumulated depreciation	−115	−132	−166	−157	−155
Real estate, net	136	172	202	207	215
Cash and cash equivalents	5	23	7	4	3
Restricted cash	11	8	9	10	230,000
Receivables, net	6	6	6	6	14
Deferred costs and other assets, net	8	8	9	8	24
TOTAL ASSETS	165	217	233	234	1,017
Loans payable, net	140	143	140	131	—
Accounts payable, accrued expenses, and other liabilities	6	7	8	10	—
Due to Wheeler Real Estate Investment Trust, Inc.	11	9	8	7	—
Below market lease intangibles, net	1	1	3	3	5
Total liabilities	159	161	160	152	577
Commitments and contingencies (Note 10)	—	—	—	—	—
Preferred stock	76	140	160	160	160
Common stock ($0.06 par value, 150,000,000 shares authorized, 13,718,169 shares, issued and outstanding)	823,000	823,000	823,000	823,000	820,000
Additional paid-in capital	872	869	868	868	881
Cumulative distributions in excess of net income	−943	−953	−955	−946	−582
Total equity	6	56	73	82	437
TOTAL LIABILITIES AND EQUITY	165	217	233	234	1,017

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Gain on sales, net	−5	−4	−3	—	—
Straight-line rents	−605,000	−288,000	−1	—	—
Credit adjustments on operating lease receivables	170,000	72,000	−357,000	968,000	—
Depreciation and amortization	8	9	11	19	—
Above (below) market lease amortization, net	−181,000	−226,000	−336,000	−1	—
Amortization of deferred financing costs	583,000	873,000	386,000	6	1
Receivables, net	−268,000	1	1	−16	−1
Deferred costs and other assets, net	−388,000	−2	−2	−6	−3
Accounts payable, accrued expenses, and other liabilities	1	−169,000	400,000	30	220,000
Net cash provided by operating activities	8	9	8	−20	45
Expenditures for real estate improvements	−4	−12	−6	−22	—
Net proceeds from sales of real estate	34	37	3	699	104
Net cash provided by investing activities	30	26	−4	677	72
Payments for deferred financing costs	−456,000	−444,000	−414,000	−7	−3
Loan prepayment premium	−521,000	0	—	—	—
Preferred stock dividends	−7	−10	−11	−11	−11
Preferred stock repurchases	−42	−11	0	—	—
Net cash used in financing activities	−53	−20	−2	−646	−115
Net (decrease) increase in cash, cash equivalents and restricted cash	−15	15	2	10	2

Filings

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