Cedar Realty Trust Announces Tax Information For 2020 Distributions

Rhea-AI Summary

Cedar Realty Trust (NYSE: CDR) announced the tax treatment for its 2020 distributions to common and preferred shareholders. Key distributions included $0.08 per share for common stock and $1.81 per share for Series B preferred stock, all classified as non-dividend distributions. Record and payable dates were specified for each distribution. The company operates grocery-anchored shopping centers in urban areas from Washington, D.C. to Boston, with a portfolio of 54 properties totaling about 8.2 million square feet.

Positive

• The company provided clarity on the tax treatment of 2020 distributions, aiding shareholders in tax planning.
• Cedar Realty Trust's portfolio consists of 54 properties, totaling approximately 8.2 million square feet, indicating a robust operational capacity.

Negative

• No significant revenue or investment growth metrics were disclosed in the PR.

PORT WASHINGTON, New York, Jan. 20, 2021 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR) today announced the Federal income tax treatment of its 2020 distributions to the holders of its common and preferred shares.

Common Stock					Symbol: CDR				CUSIP: 150602209
				Total				Section
				Distribution		Ordinary		199A		Nondividend
Record Date		Payable Date		Per Share		Dividend		Dividends		Distribution
2/10/2020		2/20/2020		$0.050000		$0.050000		$0.050000		$0.000000
5/8/2020		5/20/2020		$0.010000		$0.010000		$0.010000		$0.000000
8/10/2020		8/20/2020		$0.010000		$0.010000		$0.010000		$0.000000
11/10/2020		11/20/2020		$0.010000		$0.010000		$0.010000		$0.000000
Totals				$0.080000		$0.080000		$0.080000		$0.000000
Series B Preferred Stock					Symbol: CDR-PB				CUSIP: 150602407
				Total				Section
				Distribution		Ordinary		199A		Nondividend
Record Date		Payable Date		Per Share		Dividends		Dividends		Distribution
2/10/2020		2/20/2020		$0.453125		$0.453125		$0.453125		$0.000000
5/8/2020		5/20/2020		$0.453125		$0.453125		$0.453125		$0.000000
8/10/2020		8/20/2020		$0.453125		$0.453125		$0.453125		$0.000000
11/10/2020		11/20/2020		$0.453125		$0.453125		$0.453125		$0.000000
Totals				$1.812500		$1.812500		$1.812500		$0.000000
Series C Preferred Stock					Symbol: CDR-PC				CUSIP: 1506025063
				Total				Section
				Distribution		Ordinary		199A		Nondividend
Record Date		Payable Date		Per Share		Dividends		Dividends		Distribution
2/10/2020		2/20/2020		$0.406250		$0.406250		$0.406250		$0.000000
5/8/2020		5/20/2020		$0.406250		$0.406250		$0.406250		$0.000000
8/10/2020		8/20/2020		$0.406250		$0.406250		$0.406250		$0.000000
11/10/2020		11/20/2020		$0.406250		$0.406250		$0.406250		$0.000000
Totals				$1.625000		$1.625000		$1.625000		$0.000000

Shareholders are advised to consult their tax advisor about the specific tax treatment of 2020 dividends.

About Cedar Realty Trust 

Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, D.C. to Boston. The Company's portfolio (excluding properties treated as "held for sale") comprises 54 properties, with approximately 8.2 million square feet of gross leasable area.

For additional financial and descriptive information on the Company, its operations and its portfolio, please refer to the Company's website at www.cedarrealtytrust.com.

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SOURCE Cedar Realty Trust, Inc.

FAQ

What is Cedar Realty Trust's (CDR) distribution for common stock in 2020?

Cedar Realty Trust announced a total distribution of $0.08 per share for common stock in 2020.

What is Cedar Realty Trust's (CDR) preferred stock distribution for 2020?

For Series B preferred stock, Cedar Realty Trust reported a total distribution of $1.81 per share for 2020.

When are the payable dates for Cedar Realty Trust's (CDR) distributions?

The payable dates for Cedar Realty Trust's distributions ranged from February 20, 2020, to November 20, 2020.

What type of distributions did Cedar Realty Trust (CDR) announce for 2020?

Cedar Realty Trust's 2020 distributions are classified as non-dividend distributions under Section 199A.