CDRPC Stock Price, News & Analysis

CDRPC represents a series of preferred stock of Cedar Realty Trust, Inc., which is described in company communications as a Maryland corporation taxed as a real estate investment trust (REIT). Cedar Realty Trust is a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc. and focuses on owning and operating income-producing retail properties with a primary focus on grocery-anchored shopping centers in the Northeast.

According to the company, Cedar Realty Trust’s portfolio consists of a group of retail properties with approximately 2.3 million square feet of gross leasable area. In the most recent disclosures provided, the portfolio size is described as comprising either 14 or 15 properties, reflecting changes over time as the company manages its asset base. These properties are described as income-producing retail assets, with an emphasis on grocery-anchored shopping centers, which are a common format for neighborhood and community retail centers.

The CDRPC ticker is associated with 6.50% Series C Cumulative Redeemable Preferred Stock of Cedar Realty Trust, Inc. Company announcements refer to this security as part of its preferred stock capital structure, alongside the 7.25% Series B Cumulative Redeemable Preferred Stock. As a cumulative redeemable preferred stock, the Series C shares are described in company press releases as entitled to regular cash dividend payments when declared by the Board of Directors.

In multiple announcements, Cedar Realty Trust states that its Board of Directors has declared cash dividends on the 6.50% Series C Cumulative Redeemable Preferred Stock, with payments scheduled to shareholders of record on specified record dates. These recurring dividend declarations highlight that the preferred stock is structured to provide periodic cash distributions, subject to board approval and the terms of the preferred stock.

In addition to dividend activity, Cedar Realty Trust has described various tender offers and repurchase actions involving its preferred stock. The company has announced offers to purchase shares of its 6.50% Series C Cumulative Redeemable Preferred Stock for cash at a specified purchase price per share, subject to caps on the number of shares and aggregate amounts to be purchased. These offers have included preliminary and final result announcements, detailing the number of Series C shares tendered, the number accepted for purchase, and the related aggregate purchase price.

Company communications explain that these tender offers and repurchase authorizations are subject to a variety of factors, including the availability of cash or financing on acceptable terms, the amount and timing of dividend payments, and periods in which the company is restricted from repurchasing shares. Cedar Realty Trust has also noted that it may purchase additional preferred shares in the future, while emphasizing that such actions are not guaranteed and depend on the conditions described.

Cedar Realty Trust, Inc. is based in Virginia Beach, Virginia, as indicated in its press releases, and its preferred stock series, including the Series C represented by CDRPC, are listed with references to the New York Stock Exchange (NYSE) under the symbols CDRpB and CDRpC. The company’s communications describe it as focusing on income-producing retail properties and grocery-anchored shopping centers in the Northeast, with its preferred stock forming part of its capital structure as a REIT subsidiary of Wheeler Real Estate Investment Trust, Inc.

Business focus and portfolio

Based on the company’s own description, Cedar Realty Trust’s business focus is on owning and operating income producing retail properties. Within this focus, the company highlights a primary emphasis on grocery-anchored shopping centers in the Northeast. The portfolio is described as comprising a defined number of properties and a stated amount of gross leasable area, giving a sense of scale to its operations within the retail real estate segment.

Because Cedar Realty Trust is taxed as a REIT, its structure is oriented around owning real estate assets that generate rental income. The company’s preferred stock, including the Series C shares associated with CDRPC, is referenced in connection with dividend declarations and capital management actions such as tender offers and repurchase authorizations.

Capital structure and preferred stock

The company’s announcements identify two series of preferred stock: the 7.25% Series B Cumulative Redeemable Preferred Stock and the 6.50% Series C Cumulative Redeemable Preferred Stock. The CDRPC symbol is associated with the Series C preferred stock. Cedar Realty Trust’s Board of Directors has repeatedly declared cash dividends on both series, specifying per-share dividend amounts and payment and record dates in its press releases.

In addition to dividends, Cedar Realty Trust has undertaken tender offers and repurchase authorizations involving its preferred stock. These actions have included offers to purchase specified maximum numbers of Series C shares for cash at a fixed price per share, subject to proration when offers are oversubscribed. Company communications describe how the number of shares accepted for purchase is determined, the role of the depositary, and the aggregate purchase amounts, as well as the possibility of purchasing additional shares in the future subject to legal and financial constraints.

Relationship to Wheeler Real Estate Investment Trust, Inc.

Cedar Realty Trust, Inc. is described as a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc. This relationship means that Cedar operates within a broader real estate investment trust structure, with Wheeler Real Estate Investment Trust, Inc. as its parent company. Cedar is identified as a Maryland corporation taxed as a REIT, and its operations and portfolio are characterized in that context.

How investors may view CDRPC

Investors researching CDRPC are examining a preferred equity security of Cedar Realty Trust, Inc. Company disclosures emphasize the cumulative and redeemable nature of the Series C preferred stock and the recurring dividend declarations when approved by the Board. In addition, the company’s tender offers and repurchase authorizations provide insight into how Cedar Realty Trust manages its preferred equity capital, including the potential for share repurchases under specified conditions.

Key characteristics summarized

• Cedar Realty Trust, Inc. is a Maryland corporation taxed as a REIT.
• It is a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc.
• The company focuses on owning and operating income producing retail properties.
• There is a primary focus on grocery-anchored shopping centers in the Northeast.
• The portfolio is described as comprising around 14–15 properties with approximately 2.3 million square feet of gross leasable area.
• CDRPC is associated with the 6.50% Series C Cumulative Redeemable Preferred Stock of Cedar Realty Trust, Inc.
• Company communications highlight recurring cash dividend declarations on the Series C preferred stock, subject to Board approval.
• Cedar Realty Trust has conducted tender offers and repurchase programs involving its preferred stock, including the Series C shares.