Welcome to our dedicated page for Cedar Realty Trust news (Ticker: CDR), a resource for investors and traders seeking the latest updates and insights on Cedar Realty Trust stock.
Cedar Realty Trust Inc. (CDR) maintains a focused presence in urban retail real estate through its portfolio of grocery-anchored shopping centers. This page aggregates official announcements and market analyses related to the REIT's strategic operations, financial performance, and property management initiatives.
Investors and analysts will find timely updates on earnings reports, lease agreements, redevelopment projects, and portfolio expansions. The curated collection serves as a centralized resource for tracking CDR's position within competitive Northeast urban markets and its responses to commercial real estate trends.
Content includes press releases detailing asset acquisitions, operational milestones, and management commentary. Regular updates cover essential aspects of the company's strategy, including tenant relationship management, capital improvement programs, and market-specific growth initiatives.
Bookmark this page for direct access to Cedar Realty Trust's verified financial communications and objective third-party analyses. Check regularly for updates on how the company navigates urban retail dynamics through its integrated property management approach.
Franklin Street Properties (NYSE American: FSP) announced the appointment of Bruce J. Schanzer to its Board of Directors, effective November 27, 2024. Schanzer will also serve on the Audit Committee, bringing the total board size to eight directors, with seven being independent. The company has entered into a Cooperation Agreement with significant shareholders Converium Capital and Erez Asset Management, who will vote in favor of the Board's director nominees at the 2025 Annual Meeting. The agreement includes customary standstill and voting provisions.
Cedar Realty Trust (NYSE:CDRpB, CDRpC) has declared dividends on its preferred stock. 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 are payable on August 20, 2024, to shareholders of record as of August 9, 2024. This announcement demonstrates Cedar Realty Trust's commitment to providing returns to its preferred stockholders and maintaining its dividend schedule.
Wheeler Real Estate Investment Trust (NASDAQ:WHLR) has completed its merger with Cedar Realty Trust (NYSE:CDR), finalizing a strategic sale process. The merger establishes Wheeler as the owner of all outstanding shares of Cedar's common stock, which will no longer be publicly traded. Shareholders will receive $9.48 per share in cash, in addition to a special dividend of $19.52 per share declared prior to the merger. Cedar’s preferred stocks remain publicly traded. This merger is expected to enhance Wheeler’s portfolio in the retail sector.
Cedar Realty Trust has declared a special dividend of $19.52 per share, pending the completion of its merger with Wheeler Real Estate Investment Trust, Inc. Shareholders will receive a total of $29.00 per share from the sale of Cedar's assets and the merger. The special dividend is payable to shareholders on record by August 19, 2022, with payment expected on August 26, 2022. The merger closing is anticipated on August 22, 2022.
Cedar Realty Trust, Inc. (NYSE:CDR) reported a net loss of $(3.41) per diluted share for Q2 2022, a decline from a profit of $3.52 per share in Q2 2021. The NAREIT-defined FFO dropped to negative $(1.64) per share, influenced by transaction costs from major asset sales. The company executed 32 leases covering 178,600 square feet, but same-property NOI decreased by 3.5%. Significant transactions included the sale of Riverview Plaza for $34 million and a grocery-anchored portfolio for $879 million, with the firm suspending its common stock dividend policy. Net proceeds from the merger are estimated at $29 per share.
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.
Cedar Realty Trust has completed the sale of 33 grocery-anchored shopping centers and a redevelopment property to a joint venture led by DRA Advisors for $879 million, including assumed debt. The prior sale of the Riverview Plaza redevelopment generated $34 million. This marks the first phase of the company's asset sale and merger with Wheeler Real Estate Investment Trust, which is anticipated to finalize in 4-6 weeks, valuing remaining assets at $291.3 million. Proceeds will be distributed to common shareholders post-merger.
Cedar Realty Trust (NYSE: CDR) has completed the sale of 33 grocery-anchored shopping centers and a redevelopment property for approximately
Cedar Realty Trust reported Q1 2022 results, showing a net loss of $0.28 per diluted share, compared to a net loss of $0.12 per diluted share in Q1 2021. The company achieved NAREIT-defined FFO of $0.38 per diluted share and Operating FFO of $0.65 per diluted share. Rental collections were strong at 97%, with same-property NOI increasing by 1.7%. Notable asset sales included Riverview Plaza for $34 million and a grocery-anchored portfolio for $840 million. However, the company suspended its common stock dividend for Q2 2022, pending strategic asset sales' completion.
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