Welcome to our dedicated page for CDRPC news (Ticker: CDRPC), a resource for investors and traders seeking the latest updates and insights on CDRPC stock.
Cedar Realty Trust, Inc. (CDRPC) maintains this dedicated news hub for investors tracking this retail-focused REIT specializing in grocery-anchored properties. Access official press releases and curated updates covering strategic acquisitions, leasing activity, and capital management initiatives.
Our repository provides timely insights into CDRPC's Northeast retail portfolio operations, including property performance updates and financial disclosures. Users will find:
• Earnings reports detailing rental income trends
• Portfolio updates on property acquisitions/dispositions
• Capital strategy announcements including tender offers
• Operational developments in key retail markets
Bookmark this page for direct access to Cedar Realty Trust's verified financial communications and market-moving updates. Monitor this REIT's progress in maintaining essential retail properties through changing economic cycles.
Cedar Realty Trust (NYSE:CDRPB) has completed its tender offer for Series B Cumulative Redeemable Preferred Stock, purchasing 592,372 shares at $17.75 per share. The final count showed 787,343 shares were properly tendered, resulting in a 75% proration factor.
The total purchase amount was approximately $10.5 million, excluding fees and expenses. The purchased shares represent about 41% of the Company's outstanding Series B Shares as of April 8, 2025.
The Company maintains the option to purchase additional Series B Shares in the future, subject to various factors including cash availability, financing terms, dividend payments, and regulatory restrictions. A mandatory 10-business-day waiting period applies before any additional repurchases can occur.
Cedar Realty Trust (NYSE:CDRPB) has announced the preliminary results of its tender offer for its 7.25% Series B Cumulative Redeemable Preferred Stock. The company offered to purchase up to 563,380 Series B shares at $17.75 per share in cash, with the offer expiring on April 4, 2025.
According to preliminary counts by Computershare, approximately 762,187 Series B shares were properly tendered, indicating the offer was oversubscribed. Cedar Realty expects to purchase 563,380 shares for an aggregate purchase price of approximately $10 million. Due to oversubscription, share purchases will be prorated among holders.
The final results are pending verification by Computershare. The company may purchase additional Series B shares in the future, subject to various factors including cash availability, financing terms, and dividend payment considerations. Legal requirements mandate a 10-business-day waiting period before any additional repurchases.
Cedar Realty Trust (NYSE:CDRpB, CDRpC) has announced the final results of its tender offer for its 6.50% Series C Cumulative Redeemable Preferred Stock. The company offered to purchase up to 584,615 Series C shares at $16.25 per share in cash, with the offer expiring on March 21, 2025.
Out of 1,759,473 Series C shares properly tendered, the company accepted 655,883 shares for purchase, including an additional 71,268 shares through its 2% additional purchase option. The final proration factor was approximately 37.3%. The total purchase amount was $10.6 million, representing about 18.4% of outstanding Series C shares as of March 25, 2025.
The company maintains the option to purchase additional Series C shares in the future, subject to various factors and a 10-business-day waiting period. Additionally, Cedar Realty's tender offer for 7.25% Series B Cumulative Redeemable Preferred Stock at $17.75 per share remains open until April 4, 2025.
Cedar Realty Trust (NYSE:CDRpB, CDRpC) has announced preliminary results for its Series C preferred stock tender offer and an extension of its Series B tender offer. The company plans to purchase approximately 584,615 Series C shares at $16.25 per share, totaling around $9.5 million. The Series C offer was oversubscribed with approximately 1,758,747 shares tendered.
The company has extended its Series B preferred stock tender offer until April 4, 2025, increasing the total purchase capacity by $10 million to $19.5 million. This allows for the purchase of up to 563,380 Series B shares at $17.75 per share. Preliminary results show approximately 757,127 Series B shares were tendered.
Due to Series C offer oversubscription, share purchases will be prorated. Final results are pending verification by Computershare, the depositary. The company may purchase additional Series C shares in the future, subject to various factors including cash availability and strategic objectives.
Cedar Realty Trust (NYSE:CDRpB, CDRpC) has announced concurrent tender offers to purchase preferred stock shares for up to $9.5 million total. The company is offering to buy:
- Up to 584,615 shares of 6.50% Series C Preferred Stock at $16.25 per share
- Up to 535,211 shares of 7.25% Series B Preferred Stock at $17.75 per share
The tender offers will run from February 21, 2025 to March 21, 2025. If the total purchase price exceeds $9.5 million, Series C shares will be prioritized before Series B shares. The company will use available cash for the purchases. The offers are not contingent on financing or minimum tender amounts.
Cedar Realty Trust has announced dividend payments for its preferred stock series. 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 will be paid on February 20, 2025, to shareholders of record as of February 10, 2025.
Cedar Realty Trust (NYSE:CDRpB, CDRpC) has completed its modified 'Dutch auction' tender offer to repurchase its 6.50% Series C Cumulative Redeemable Preferred Stock. The company accepted all 645,276 Series C Shares that were properly tendered at or below the final purchase price of $15.75 per share.
The total purchase amount was approximately $10.16 million, excluding fees and expenses. This represents about 15.3% of the Company's outstanding Series C Shares as of January 30, 2025. The tender offer, which expired on January 28, 2025, had an initial target of up to $12.5 million in aggregate value, with a price range between $13.75 and $15.75 per share.
The company maintains the option to purchase additional Series C Shares in the future, subject to various factors including cash availability, financing terms, and regulatory restrictions.
Cedar Realty Trust (NYSE:CDRpB, CDRpC) announced preliminary results of its modified 'Dutch auction' tender offer for its 6.50% Series C Cumulative Redeemable Preferred Stock. The company offered to repurchase up to $12.5 million of shares at prices between $13.75 and $15.75 per share.
Based on preliminary counts by Computershare, approximately 645,276 Series C Shares were properly tendered at or below $15.75 per share. The company expects to purchase these shares at an estimated price of $15.75 per share, totaling approximately $10.16 million.
The final number of shares to be purchased and price per share are subject to verification by Computershare. The company may purchase additional Series C Shares in the future, depending on factors including cash availability, financing terms, dividend payments, and other strategic objectives.
Cedar Realty Trust (NYSE:CDRpB, NYSE:CDRpC) announced that its tender offer to repurchase up to $12.50 million of shares of its outstanding 6.50% Series C Cumulative Redeemable Preferred Stock will expire at 5:00 P.M., New York City Time on January 28, 2025.
Stockholders with questions about the tender offer can contact Georgeson (information agent) toll-free at (866) 735-3807, while banks and brokers can reach Computershare Inc. (depositary) at (800) 736-3001. The company emphasized that this communication is purely informational and not a recommendation to buy or sell securities.
Cedar Realty Trust has released the federal income tax treatment details for its 2024 preferred share distributions. For Series B Preferred Stock (CDRpB), quarterly distributions of $0.453125 per share were made on February 20, May 20, August 20, and November 20, 2024, totaling $1.812500 per share annually. For Series C Preferred Stock (CDRpC), quarterly distributions of $0.406250 per share were made on the same dates, totaling $1.625000 per share annually. All distributions for both series were classified as nondividend distributions, with no ordinary or Section 199A dividends.
