Cedar Realty Trust Declares Dividends on Preferred Stock

Rhea-AI Summary

Cedar Realty Trust has declared cash dividends for its preferred stock series. The 7.25% Series B Cumulative Redeemable Preferred Stock will pay $0.453125 per share, while the 6.50% Series C Cumulative Redeemable Preferred Stock will pay $0.40625 per share. Both dividends are payable on February 20, 2023, to shareholders of record as of February 10, 2023. Cedar Realty Trust primarily focuses on grocery-anchored shopping centers in the Northeast, managing a portfolio of 19 properties with approximately 2.8 million square feet of gross leasable area.

Positive

• Consistent cash dividend payment enhances shareholder income.
• Strong focus on grocery-anchored retail properties may ensure stable revenue.

Negative

• None.

VIRGINIA BEACH, VA / ACCESSWIRE / January 20, 2023 / Cedar Realty Trust, Inc. (the "Company") announced today that its Board of Directors (the "Board") declared the payment of a cash dividend of $0.453125 per share on the Company's 7.25% Series B Cumulative Redeemable Preferred Stock, payable on February 20, 2023 to shareholders of record as of the close of business on February 10, 2023.

The Company also announced that the Board declared the payment of a cash dividend of $0.40625 per share on the Company's 6.50% Series C Cumulative Redeemable Preferred Stock, payable on February 20, 2023 to shareholders of record as of the close of business on February 10, 2023.

About Cedar Realty Trust

Cedar Realty Trust, Inc., a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc., is a real estate investment trust which focuses on owning and operating income producing retail properties with a primary focus on grocery-anchored shopping centers in the Northeast. The Company's portfolio comprises 19 properties, with approximately 2.8 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.whlr.us.

Contact Information:

Cedar Realty Trust, Inc.
(757) 627-9088

SOURCE: Cedar Realty Trust, Inc.

View source version on accesswire.com:
https://www.accesswire.com/735944/Cedar-Realty-Trust-Declares-Dividends-on-Preferred-Stock

FAQ

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

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

When is the dividend payment date for Cedar Realty Trust's Preferred Stocks?

The dividend payment date for Cedar Realty Trust's Preferred Stocks is February 20, 2023.

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

The dividend amount for Cedar Realty Trust's Series C Preferred Stock is $0.40625 per share.

What is the record date for Cedar Realty Trust's dividend payment?

The record date for Cedar Realty Trust's dividend payment is February 10, 2023.