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Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust (REIT) dedicated to the ownership, operation, and redevelopment of grocery-anchored shopping centers in high-density urban areas stretching from Washington, D.C. to Boston. The company's diverse portfolio, which excludes properties marked as 'held for sale,' includes 54 properties encompassing approximately 8.2 million square feet of gross leasable area.

Known for their strategic focus on grocery-anchored shopping centers, Cedar Realty Trust aims to provide high-quality retail spaces that meet the daily needs of urban communities. These centers not only enhance local commerce but also contribute to the economic vibrancy of the neighborhoods they serve.

In recent developments, Cedar Realty Trust has been active in updating its financial disclosures. On January 24, 2024, the company announced the federal income tax treatment of its 2023 distributions to holders of its preferred shares. This detailed announcement included information relevant to capital gain distributions, such as the Unrecaptured Section 1250 Gain and Section 897 Capital Gain amounts, as well as disclosures required by Treasury Regulation §1.1061-6(c).

For the year ended December 31, 2023, Cedar Realty Trust reported that all capital gain dividends relate to Section 1231 gains, with both 'The One Year Amounts' and 'Three Year Amounts' being zero. Shareholders are encouraged to consult their tax advisors for specific tax treatment of these dividends.

As a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc., Cedar Realty Trust continues to focus on maximizing the value of its retail properties and ensuring strong community connections through strategic property management and redevelopment. The company's commitment to operational excellence and sustainable growth underscores its position as a leading player in the REIT sector.

Rhea-AI Summary
Cedar Realty Trust, Inc. announced the federal income tax treatment of its 2023 distributions to the holders of its preferred shares. The Series B Preferred Stock Symbol CDRpB had a total unrecaptured distribution of $1.812500, with zero ordinary capital gain and $0.090624 section 1250 gain. The Series C Preferred Stock Symbol CDRpC had a total unrecaptured distribution of $1.625000, with zero ordinary capital gain and $0.081252 section 1250 gain. Shareholders were advised to consult their tax advisor.
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FAQ

What does Cedar Realty Trust, Inc. specialize in?

Cedar Realty Trust, Inc. specializes in the ownership, operation, and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, D.C. to Boston.

How many properties are in Cedar Realty Trust's portfolio?

Cedar Realty Trust's portfolio comprises 54 properties, totaling approximately 8.2 million square feet of gross leasable area.

What recent financial announcement did Cedar Realty Trust make?

On January 24, 2024, Cedar Realty Trust announced the federal income tax treatment of its 2023 distributions to preferred shareholders, including details on capital gain distributions.

Who owns Cedar Realty Trust, Inc.?

Cedar Realty Trust, Inc. is a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc.

What is the focus of Cedar Realty Trust's redevelopment projects?

Cedar Realty Trust focuses on redeveloping grocery-anchored shopping centers to enhance the economic vibrancy and daily needs of urban communities.

Are there any properties in Cedar Realty Trust's portfolio marked 'held for sale'?

The current portfolio details exclude properties treated as 'held for sale.'

What should shareholders do regarding the specific tax treatment of 2023 dividends?

Shareholders are advised to consult their tax advisors about the specific tax treatment of 2023 dividends.

What is the gross leasable area of Cedar Realty Trust's portfolio?

The gross leasable area of Cedar Realty Trust's portfolio is approximately 8.2 million square feet.

What percentage of the 2023 capital gain distributions relate to Section 1231 gains?

For the year ended December 31, 2023, 100% of the capital gain distributions relate to Section 1231 gains.

Where can I find more information about Cedar Realty Trust?

For additional financial and descriptive information, please refer to the company's website at www.whlr.us.

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