Cedar Realty Trust, Inc.
CDR-PB
New York Stock Exchange18.26
USD
+0.86
- -
Cedar Realty Trust, Inc.
CDR-PB
(New York Stock Exchange)
Recent
price
18.26
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- Cedar Realty Trust, Inc. is a real estate investment trust (REIT) specializing in the acquisition, ownership, management, and leasing of grocery-anchored retail properties primarily in densely populated urban markets across the Northeastern United States, including New York, New Jersey, Connecticut, Pennsylvania, Massachusetts, Washington, D.C., Virginia, Maryland, and Delaware. The company’s portfolio focuses on grocery-anchored shopping centers, which serve as essential community hubs attracting consistent consumer traffic, thus generating stable rental income. Its core services encompass property management, leasing, and redevelopment initiatives aimed at enhancing asset value and optimizing tenant mix to meet evolving market demands. Founded in 1984 and headquartered in Virginia Beach, Virginia, Cedar Realty Trust underwent a major corporate transformation culminating in 2022, when it sold a significant portion of its grocery-anchored shopping center portfolio and redevelopment projects in transactions totaling approximately $1.2 billion. The key asset sales included 33 grocery-anchored centers sold to a DRA Advisors and KPR Centers joint venture for $840 million, along with strategic dispositions of redevelopment projects in Philadelphia and Washington, D.C. Following these divestitures, Cedar Realty Trust itself was acquired by Wheeler Real Estate Investment Trust, Inc. in an all-cash merger valued at approximately $291 million, resulting in Cedar becoming a wholly owned subsidiary of Wheeler. Despite the merger, Cedar’s outstanding Series B and Series C preferred stocks continue to trade publicly. Recent company activities include ongoing tender offers to repurchase its Series B and Series C cumulative redeemable preferred stocks with cash tender offers executed in early 2025, reflecting active capital management efforts amid the company’s streamlined operations. The firm demonstrated leasing activity with lease renewals and new leases achieving rent increases, signifying continued leasing strength in its retained portfolio. While the company no longer publicly trades common stock, it remains operational as a specialized retail-focused REIT under Wheeler Real Estate Investment Trust, delivering integrated services in property management, leasing, redevelopment, and strategic asset disposition within urban grocery-anchored retail sectors. Cedar Realty Trust’s business segments concentrate on grocery-anchored retail real estate, targeting regional retailers and essential service providers to ensure steady tenant demand and occupancy. Its operational footprint centers on high-density, economically stable urban markets in the Northeast corridor of the United States. The company’s strategic disposition of assets and merger with Wheeler REIT marked a significant shift towards consolidation and asset management efficiency within the competitive retail real estate investment sector. Overall, Cedar Realty Trust, Inc. offers grocery-anchored retail properties with ancillary redevelopment expertise and property management services across the Northeastern U.S., maintaining a portfolio optimized for urban consumer traffic and resilient cash flows, now operating as a subsidiary within a larger REIT platform following the 2022-2023 restructuring and asset sales. Its recent financial and operational moves underscore a strategic transition towards capital liquidity and focused asset management under Wheeler’s ownership.
Cedar Realty Trust Declares Dividends on Preferred Stock
Cedar Realty Trust Announces Tax Information for 2024 Distributions
Cedar Realty Trust Declares Dividends on Preferred Stock
Cedar Realty Trust Announces Tax Information for 2023 Distributions
Cedar Realty Trust Declares Dividends on Preferred Stock