Cedar Realty Trust, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Bruce Schanzer
- Full Time Employees
- 55
- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- 44 S Bayles Ave Port Washington NY United States of America 11050
- IPO Date
- Dec 17, 1986
- CIK
- 0000761648
- Website
- cedarrealtytrust.com
- Similar Companies
- Business
- Cedar Realty Trust, Inc. (NYSE: CDRpB, CDRpC) operates as a real estate investment trust focused on owning and operating income-producing retail properties, primarily grocery-anchored shopping centers predominantly located in the Northeast U.S.; the portfolio comprises 14 properties totaling approximately 2.4 million square feet of gross leasable area as of September 30, 2025, with key assets including Brickyard Plaza in Berlin, Connecticut; Golden Triangle in Lancaster, Pennsylvania; Patuxent Crossing in California, Maryland; Timpany Plaza in Gardner, Massachusetts; and Trexler Mall in Trexlertown, Pennsylvania; major tenants encompass discount retailers such as TJX Companies, Kohl's, and Dollar Tree; grocers like Redner's; and service providers including Planet Fitness, LA Fitness, and Lehigh Valley Health. Founded in 1984 and headquartered at 2529 Virginia Beach Blvd., Virginia Beach, Virginia 23452, the Company is a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR), through which it conducts substantially all operations via its umbrella partnership structure, Cedar Realty Trust Partnership, L.P.; it targets necessity-based retail in secondary and tertiary markets with strong demographics, employing strategies such as intensive leasing, expense management via triple net leases, selective capital improvements, portfolio recycling through non-core asset sales, and capital structure optimization; operations emphasize the Northeast region, serving high-density communities with stable, non-cyclical tenants. Recent developments include significant preferred stock repurchases under board-authorized programs, such as the 2025 Repurchase Program for up to $20.0 million announced August 8, 2025, superseding the prior $10.0 million program, with over 2.5 million Series C shares repurchased year-to-date at discounts to liquidation value, including via modified Dutch auction tender offers concluding in January 2025 ($10.2 million for 645,276 shares at $15.75) and March 2025 (655,883 Series C shares at $16.25 alongside Series B); property dispositions in 2025 encompass Webster Commons in February ($14.5 million) and Oregon Avenue in March ($3.0 million), alongside impairments on assets like Fieldstone Marketplace; financing activities feature the August 2025 Credit Facility up to $20.0 million with KeyBank (drawn $10.25 million at 7.0%) and April 2025 Bridge Loan extension to February 2028 ($10.0 million at 5.5%), collateralized by select properties, with the October 2022 Term Loan reduced following sales.
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