Cedar Realty Trust Inc Earnings Reports

Cedar Realty Trust reported a net loss attributable to common shareholders of $(3.41) per diluted share for Q2 2022. The company signed 32 new and renewal leases and the stockholders approved the transactions. On July 7, 2022, the Company completed the 33 Grocery-Anchored Portfolio Sale and the sale of East River and Senator Square for $879 million.

Cedar Realty Trust reported a net loss attributable to common shareholders of $(1.47) per diluted share for Q4 2021. The company signed agreements to sell its assets in a series of all-cash transactions, including a portfolio of 33 grocery-anchored shopping centers for $840.0 million and the sale of the Company and its remaining assets for $291.3 million.

Cedar Realty Trust reported a net loss attributable to common shareholders of $(83.2) million, or $(6.28) per diluted share, for Q3 2021. However, the company achieved a same-property NOI increase of 10.5% and collected 96.8% of base rents and monthly charges.

Cedar Realty Trust reported a strong second quarter in 2021, with net income attributable to common shareholders of $48.4 million, or $3.52 per diluted share, a significant increase compared to the net loss of $(8.8) million, or $(0.67) per diluted share, in the same period of 2020. NAREIT-defined FFO was $8.2 million, or $0.59 per diluted share, compared to $5.7 million, or $0.41 per diluted share, for the same period in 2020. The company collected 96.8% of base rents and monthly charges for the quarter, and same-property net operating income (NOI) increased 8.2%.

Cedar Realty Trust reported a net income attributable to common shareholders of $0.25 per diluted share for Q4 2020. Operating Funds from operations (FFO) was $0.71 per diluted share. Same-property net operating income (NOI) decreased 4.1%.