CDR - CDR STOCK NEWS

Cedar Realty Trust, Inc. (NYSE: CDR) has announced a cash dividend of $0.066 per share for its Common Stock, scheduled for payment on May 20, 2021, to shareholders of record by May 10, 2021. Additionally, the company will pay $0.453125 for its Series B Preferred Stock and $0.40625 for its Series C Preferred Stock, also payable on May 20, 2021, to the same record date. Cedar Realty Trust specializes in grocery-anchored shopping centers and manages a portfolio of 54 properties covering approximately 8.1 million square feet.

Cedar Realty Trust (CDR) will release its financial results for Q1 2021 on May 6, 2021, after market close. A conference call to discuss these results is scheduled for the same day at 5:00 PM ET. Investors can access a live webcast on the company's website or dial in via provided numbers. CDR is a real estate investment trust focusing on grocery-anchored shopping centers in urban markets from Washington, D.C. to Boston, managing 54 properties with approximately 8.2 million square feet of gross leasable area.

Cedar Realty Trust, Inc. (NYSE: CDR) issued a statement on March 2, 2021, addressing recent SEC filings and shareholder announcements. The company highlighted its commitment to shareholder value and its ongoing strategic review process, which had been disrupted by the COVID-19 pandemic. Cedar Realty intends to strengthen its board and enhance corporate governance. The company operates 54 properties totaling approximately 8.2 million square feet, focusing on grocery-anchored shopping centers. Cedar Realty is focused on navigating post-pandemic recovery and maximizes shareholder value.

Camac Partners has nominated seven director candidates for Cedar Realty Trust's board to enhance shareholder value after a reported decline of nearly $500 million. The nominees are experienced industry professionals committed to independent governance. Camac's strategy includes significant board refreshment, a cost-conscious reorganization, divestiture of non-core assets, and a halt to value-destructive projects. The firm emphasizes that Cedar Realty's board has not adequately pursued potential value-maximizing transactions.

Cedar Realty Trust (NYSE:CDR) reported mixed financial results for Q4 and full year 2020. The company achieved net income of $3.3 million ($0.25 per diluted share) for Q4, but posted a net loss of $(11.8) million ($(0.92) per diluted share) for the year. FFO stood at $0.71 for Q4 and $2.88 for the year. However, same-property NOI decreased by 4.1% in Q4 and 6.8% for the year. The company's portfolio was 91.2% leased as of year-end. They also conducted a 1-for-6.6 reverse stock split and repaid a $75 million loan, while facing challenges related to COVID-19.

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.

Cedar Realty Trust (NYSE: CDR) has announced a cash dividend payment of $0.066 per share on its Common Stock, payable on February 22, 2021, to shareholders of record by February 10, 2021. Additionally, the Board approved a dividend of $0.453125 per share on the 7 ¼% Series B Cumulative Redeemable Preferred Stock, and $0.40625 per share on the 6 ½% Series C Cumulative Redeemable Preferred Stock, both payable on the same date to the same record date. Cedar Realty focuses on grocery-anchored shopping centers in urban markets, with a portfolio of 54 properties comprising approximately 8.2 million square feet.

Cedar Realty Trust, Inc. (NYSE: CDR) announced it will release its financial results for Q4 2020, ending December 31, after market close on February 4, 2021. A conference call to discuss these results will follow at 5:00 PM ET the same day, accessible via phone or live webcast on the company's website. Cedar Realty Trust focuses on owning and operating grocery-anchored shopping centers in urban areas from Washington, D.C. to Boston, with a portfolio of 54 properties totaling approximately 8.2 million square feet of gross leasable area.

Cedar Realty Trust (NYSE: CDR) has appointed Gregg Gonsalves as Chairman of the Board, effective January 1, 2021. Gonsalves has been a director since 2017 and succeeds Roger Widmann, who served as Chairman since 2011 and becomes Chairman Emeritus. Both Gonsalves and Widmann emphasized the importance of leadership and the future direction of the company. Cedar Realty Trust focuses on grocery-anchored shopping centers in urban markets along the Washington, D.C. to Boston corridor, comprising 54 properties with around 8.2 million square feet of leasable space.