Cedar Realty Trust Declares Dividends on Preferred Stock

Rhea-AI Summary

Cedar Realty Trust has declared a cash dividend of $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 November 21, 2022, to shareholders of record as of the close of business on November 10, 2022. Cedar Realty Trust focuses on owning and operating income-producing retail properties, primarily 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

• Declared a dividend of $0.453125 per share on Series B Preferred Stock.
• Declared a dividend of $0.40625 per share on Series C Preferred Stock.
• Focus on grocery-anchored shopping centers indicates stable tenant demand.

Negative

• None.

VIRGINIA BEACH, VA / ACCESSWIRE / October 17, 2022 / 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 November 21, 2022 to shareholders of record as of the close of business on November 10, 2022.

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 November 21, 2022 to shareholders of record as of the close of business on November 10, 2022.

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/720548/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 November 21, 2022.

What is the record date for Cedar Realty Trust's Preferred Stock dividends?

The record date for Cedar Realty Trust's Preferred Stock dividends is November 10, 2022.

What type of properties does Cedar Realty Trust invest in?

Cedar Realty Trust invests in income-producing retail properties, focusing on grocery-anchored shopping centers.

How many properties does Cedar Realty Trust own?

Cedar Realty Trust owns 19 properties.