- CEO
- Michael Andrew Franklin
- Full Time Employees
- 55
- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- 44 South Bayles Avenue Virginia Beach NY United States of America 11050
- IPO Date
- Aug 18, 2017
- Business
- Cedar Realty Trust, Inc. (NYSE: CDR-PC) operates as a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR), focusing on owning and operating income-producing retail properties with a primary emphasis on grocery-anchored shopping centers; the company manages a portfolio of such centers located across multiple states in the eastern United States, including properties like Timpany Plaza and Webster Commons, generating revenue through leasing to national and regional tenants. Headquartered in Virginia Beach, Virginia, and originally founded prior to its strategic realignment in 2022, Cedar Realty Trust maintains collateralized financing arrangements, such as fixed-rate term loans including the October 2022 Term Loan maturing in November 2032 and the April 2025 Bridge Loan, alongside ongoing capital management through preferred stock repurchases. In recent developments, the company repurchased significant shares of its Series C Cumulative Redeemable Preferred Stock, including 620,069 shares for $10.1 million in Q3 2025 and completion of a $9.6 million tender offer reducing outstanding Series C shares by 14%, while executing property dispositions such as Webster Commons in 2025 with a $9.1 million loan paydown, sustaining leasing momentum with Q3 2025 renewals at +13.6% spreads and new leases at +14.8%, and reporting consolidated same-property NOI growth of +3.3% year-over-year amid portfolio optimizations.