Welcome to our dedicated page for CDR news (Ticker: CDR), a resource for investors and traders seeking the latest updates and insights on CDR stock.
Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust (REIT) dedicated to the ownership, operation, and redevelopment of grocery-anchored shopping centers in high-density urban areas stretching from Washington, D.C. to Boston. The company's diverse portfolio, which excludes properties marked as 'held for sale,' includes 54 properties encompassing approximately 8.2 million square feet of gross leasable area.
Known for their strategic focus on grocery-anchored shopping centers, Cedar Realty Trust aims to provide high-quality retail spaces that meet the daily needs of urban communities. These centers not only enhance local commerce but also contribute to the economic vibrancy of the neighborhoods they serve.
In recent developments, Cedar Realty Trust has been active in updating its financial disclosures. On January 24, 2024, the company announced the federal income tax treatment of its 2023 distributions to holders of its preferred shares. This detailed announcement included information relevant to capital gain distributions, such as the Unrecaptured Section 1250 Gain and Section 897 Capital Gain amounts, as well as disclosures required by Treasury Regulation §1.1061-6(c).
For the year ended December 31, 2023, Cedar Realty Trust reported that all capital gain dividends relate to Section 1231 gains, with both 'The One Year Amounts' and 'Three Year Amounts' being zero. Shareholders are encouraged to consult their tax advisors for specific tax treatment of these dividends.
As a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc., Cedar Realty Trust continues to focus on maximizing the value of its retail properties and ensuring strong community connections through strategic property management and redevelopment. The company's commitment to operational excellence and sustainable growth underscores its position as a leading player in the REIT sector.
Franklin Street Properties (NYSE American: FSP) announced the appointment of Bruce J. Schanzer to its Board of Directors, effective November 27, 2024. Schanzer will also serve on the Audit Committee, bringing the total board size to eight directors, with seven being independent. The company has entered into a Cooperation Agreement with significant shareholders Converium Capital and Erez Asset Management, who will vote in favor of the Board's director nominees at the 2025 Annual Meeting. The agreement includes customary standstill and voting provisions.
Cedar Realty Trust (NYSE:CDRpB, CDRpC) has declared dividends on its preferred stock. The company will pay $0.453125 per share on its 7.25% Series B Cumulative Redeemable Preferred Stock and $0.40625 per share on its 6.50% Series C Cumulative Redeemable Preferred Stock. Both dividends are payable on August 20, 2024, to shareholders of record as of August 9, 2024. This announcement demonstrates Cedar Realty Trust's commitment to providing returns to its preferred stockholders and maintaining its dividend schedule.
Wheeler Real Estate Investment Trust (NASDAQ:WHLR) has completed its merger with Cedar Realty Trust (NYSE:CDR), finalizing a strategic sale process. The merger establishes Wheeler as the owner of all outstanding shares of Cedar's common stock, which will no longer be publicly traded. Shareholders will receive $9.48 per share in cash, in addition to a special dividend of $19.52 per share declared prior to the merger. Cedar’s preferred stocks remain publicly traded. This merger is expected to enhance Wheeler’s portfolio in the retail sector.
Cedar Realty Trust has declared a special dividend of $19.52 per share, pending the completion of its merger with Wheeler Real Estate Investment Trust, Inc. Shareholders will receive a total of $29.00 per share from the sale of Cedar's assets and the merger. The special dividend is payable to shareholders on record by August 19, 2022, with payment expected on August 26, 2022. The merger closing is anticipated on August 22, 2022.
Cedar Realty Trust, Inc. (NYSE:CDR) reported a net loss of $(3.41) per diluted share for Q2 2022, a decline from a profit of $3.52 per share in Q2 2021. The NAREIT-defined FFO dropped to negative $(1.64) per share, influenced by transaction costs from major asset sales. The company executed 32 leases covering 178,600 square feet, but same-property NOI decreased by 3.5%. Significant transactions included the sale of Riverview Plaza for $34 million and a grocery-anchored portfolio for $879 million, with the firm suspending its common stock dividend policy. Net proceeds from the merger are estimated at $29 per share.
Cedar Realty Trust, Inc. (NYSE: CDR) announced a cash dividend of $0.453125 per share on its 7¼% Series B Cumulative Redeemable Preferred Stock and $0.40625 per share on its 6½% Series C Cumulative Redeemable Preferred Stock. Both dividends will be payable on August 22, 2022, to shareholders recorded by August 12, 2022. Cedar Realty Trust specializes in grocery-anchored shopping centers across urban markets from Washington, D.C. to Boston, with a portfolio comprising 17 properties totaling approximately 2.6 million square feet.
Cedar Realty Trust has completed the sale of 33 grocery-anchored shopping centers and a redevelopment property to a joint venture led by DRA Advisors for $879 million, including assumed debt. The prior sale of the Riverview Plaza redevelopment generated $34 million. This marks the first phase of the company's asset sale and merger with Wheeler Real Estate Investment Trust, which is anticipated to finalize in 4-6 weeks, valuing remaining assets at $291.3 million. Proceeds will be distributed to common shareholders post-merger.
Cedar Realty Trust (NYSE: CDR) has completed the sale of 33 grocery-anchored shopping centers and a redevelopment property for approximately
Cedar Realty Trust reported Q1 2022 results, showing a net loss of $0.28 per diluted share, compared to a net loss of $0.12 per diluted share in Q1 2021. The company achieved NAREIT-defined FFO of $0.38 per diluted share and Operating FFO of $0.65 per diluted share. Rental collections were strong at 97%, with same-property NOI increasing by 1.7%. Notable asset sales included Riverview Plaza for $34 million and a grocery-anchored portfolio for $840 million. However, the company suspended its common stock dividend for Q2 2022, pending strategic asset sales' completion.
FAQ
What is the market cap of CDR (CDR)?
What does Cedar Realty Trust, Inc. specialize in?
How many properties are in Cedar Realty Trust's portfolio?
What recent financial announcement did Cedar Realty Trust make?
Who owns Cedar Realty Trust, Inc.?
What is the focus of Cedar Realty Trust's redevelopment projects?
Are there any properties in Cedar Realty Trust's portfolio marked 'held for sale'?
What should shareholders do regarding the specific tax treatment of 2023 dividends?
What is the gross leasable area of Cedar Realty Trust's portfolio?
What percentage of the 2023 capital gain distributions relate to Section 1231 gains?
Where can I find more information about Cedar Realty Trust?
