CEDAR REALTY TRUST DECLARES DIVIDENDS ON PREFERRED STOCK

Rhea-AI Summary

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.

Positive

• Declaration of cash dividends indicates financial health and shareholder value.
• Dividend of $0.453125 on Series B Preferred Stock and $0.40625 on Series C Preferred Stock reflects company profitability.

Negative

• None.

MASSAPEQUA, N.Y., July 19, 2022 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR) announced today that its Board of Directors has formally approved the payment of a cash dividend of $0.453125 per share on the Company's 7¼% Series B Cumulative Redeemable Preferred Stock payable on August 22, 2022 to shareholders of record as of the close of business on August 12, 2022.

The Company also announced that the Board has approved payment of a cash dividend of $0.40625 per share on the Company's 6½% Series C Cumulative Redeemable Preferred Stock payable on August 22, 2022 to shareholders of record as of the close of business on August 12, 2022.

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 17 properties, with approximately 2.6 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.

View original content:https://www.prnewswire.com/news-releases/cedar-realty-trust-declares-dividends-on-preferred-stock-301589446.html

SOURCE Cedar Realty Trust, Inc.

FAQ

What is the dividend amount for Cedar Realty Trust's Series B Preferred Stock?

Cedar Realty Trust's Series B Preferred Stock dividend is $0.453125 per share.

When will the dividends for Cedar Realty Trust be paid?

The dividends will be paid on August 22, 2022.

What is the record date for Cedar Realty Trust's preferred stock dividends?

The record date for the dividends is August 12, 2022.

How many properties does Cedar Realty Trust own?

Cedar Realty Trust owns 17 properties comprising approximately 2.6 million square feet of gross leasable area.