Cedar Realty Trust, Inc.

Symbol: CDR
CIK: 761648
Exchange: NYSE
Founded: 1984 (35 years)
HQ: Port Washington, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail

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See CDR on SEC.gov

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Overall Score: 6.3

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 13, 2019


Open Price: $2.63
Closing Price: $2.64
Price Change: -0.01 (-0.377%)
Lowest Price: $2.6
Highest Price: $2.66

52-Week Low: $2.19
52-Week High: $3.76
52-Week Change: -23.19%

5 Day Price Change: -3.99%
1 Month Price Change: -3.29%
3 Month Price Change: -7.02%
6 Month Price Change: -7.02%
YTD Price Change: -14.52%
1 Year Price Change: -23.19%
2 Year Price Change: -56.63%
5 Year Price Change: -61.31%

Dividend of Trading Day December 13, 2019


Dividend Yield: 7.576%*
Annualized Dividend: $0.2*
Dividend Yield (TTM): 7.547%
Annualized Dividend (TTM): $0.2
Ex Dividend Date: 2019-11-07
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

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Funds From Operations (FFO)


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Key Stats of Trading Day December 13, 2019


Total Cash: $1,977,000
Current Debt: $260,000
Revenue: $152,687,000
Gross Profit: $66,940,000
Total Revenue: $152,687,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $87,878,000
Revenue Per Share: $2
Revenue Per Employee: $2,009,039
Employee: 76
Debt to Equity Ratio (D/E): 1.12
Profit Margin: 0.02%
Enterprise Value (EV): $868,635,000
Enterprise Value to Revenue (EV/R): 5.69
Price to Sales (P/S): 1.61
Price to Book (P/B): 0.44
Peg Ratio: -0.55
P/E Ratio: 52.59
P/E High: 75.20
P/E Low: 43.80
Forward P/E Ratio: 276.00
Market Capitalization: $235,092,000
Beta: 0.55
Latest Volume: 246,859.00
Avg. Total Volume: 262,261
Avg. 10 Volume: 277,928.80
Avg. 30 Volume: 262,260.67
TTM EPS: 0.05
TTM Dividend Rate: 0.20
Shares Outstanding: 89,050,000
Float: 85,071,691.00
50-Day Moving Avg.: 2.99
200-Day Moving Avg.: 2.90

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Properties Owned by CDR


Properties owned:
61
Types:
1
States:
9
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
CDR Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by CDR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 1,983,000 2,081,000 25,000 1,977,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 752,000 740,000 701,000 9,487,000
Property, Plant & Equipment Net 0 0 14,600,000 359,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 52,982,000 48,209,000 48,593,000 42,388,000
Net Tangible Assets 523,714,000 529,975,000 539,142,000 555,425,000
Total Assets 1,222,785,000 1,216,329,000 1,222,379,000 1,222,901,000
Accounts Payable 0 0 0 0
Liabilities (Other) 49,976,000 59,213,000 38,698,000 39,351,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 261,000 519,000 774,000 260,000
Long-term Debt 644,959,000 623,190,000 639,174,000 624,574,000
Total Liabilities 695,610,000 682,922,000 679,888,000 664,185,000
Minority Interest 167,000 161,000 107,000 116,000
Common Stock 85,944,000 5,341,000 5,342,000 5,426,000
Retained Earnings -486,617,000 -482,258,000 -480,502,000 -475,726,000
Treasury Stock 16,391,000 16,470,000 16,550,000 16,572,000
Capital Surplus 871,682,000 870,582,000 869,529,000 875,565,000
Shareholder Equity 523,714,000 529,975,000 539,142,000 555,425,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 36,128,000 36,179,000 37,448,000 37,334,000
Cost of Revenue 22,046,000 21,595,000 23,306,000 22,348,000
Gross Profit 14,082,000 14,584,000 14,142,000 14,986,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 26,932,000 27,013,000 28,104,000 26,518,000
Operating Income 9,196,000 9,166,000 9,344,000 10,816,000
Income Expense Net (Other) -6,249,000 -3,622,000 -6,355,000 -6,080,000
EBIT 9,196,000 9,166,000 9,344,000 10,816,000
Interest Income 6,249,000 6,463,000 6,456,000 6,080,000
Pretax Income 2,947,000 5,544,000 2,989,000 4,736,000
Income Tax 0 0 0 0
Minority Interest 167,000 161,000 107,000 116,000
Net Income 2,642,000 5,245,000 2,738,000 4,512,000
Net Income Basic -46,000 2,557,000 50,000 1,824,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 2,642,000 5,245,000 2,738,000 4,512,000
Depreciation 10,547,000 10,346,000 10,129,000 5,447,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -98,000 2,056,000 -1,952,000 -2,421,000
Cash Flow 8,002,000 19,225,000 9,167,000 17,923,000
Capital Expenditures -8,642,000 -6,406,000 -8,768,000 -8,458,000
Investments 0 -344,000 9,912,000 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -8,642,000 -6,750,000 1,144,000 -8,458,000
Dividends Paid -7,139,000 -7,139,000 -7,143,000 -7,248,000
Net Borrowings 7,742,000 -3,255,000 1,747,000 -2,281,000
Cash Flow Financing 542,000 -10,419,000 -12,263,000 -11,886,000
Financing Cash Flows (Other) -71,000 -28,000 -28,000 -28,000
Exchange Rate Effect 0 0 0 0

About Cedar Realty Trust, Inc.


Cedar Realty Trust is a real estate investment trust focused on ownership, operation and redevelopment of grocery-anchored shopping centers in high density urban markets from D.C. to Boston. A high performing REIT with the adaptability of a boutique blue chip firm, our shopping centers are positioned and merchandised to address the evolving retailing and demographic trends within our target markets. Our retail assets include the neighborhood necessities of urban markets. A disciplined strategic focus, thoughtful capital allocation and culture of everyday excellence contribute to our record of impressive results and our expectation for continued success.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
8 Dividend to Operating FFO Payout Ratio Health: Analysis of the REIT’s Dividend to Operating FFO Payout Ratios during the last four quarters. 8.9
8 Dividend to Operating FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Operating FFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
6 Operating FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.9
Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 4.9
3 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
8 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
6.3 Overall REITRating™ Score 6.5

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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