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Jun 30, 2021
Cedar Realty Trust Inc Q2 2021 Earnings Report
Reported positive second quarter results driven by an increase in net income and FFO compared to the same period last year.
Key Takeaways
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%.
Net income attributable to common shareholders was $3.52 per diluted share.
NAREIT-defined Funds from operations (FFO) of $0.59 per diluted share for the quarter
Operating FFO of $0.61 per diluted share for the quarter
Same-property net operating income (NOI) increased 8.2% for the quarter
Cedar Realty Trust Inc
Cedar Realty Trust Inc
Cedar Realty Trust Inc Revenue by Segment
Revenue by Segment
Rental Revenues Revenue
CapyFin.com Forward Guidance
The report does not contain any forward guidance.