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Cedar Realty Trust, Inc.
Type
Public company
Traded as NYSE: CDR
S&P 600 component
Founded 1984; 33 years ago (1984)
Headquarters Port Washington, New York
Key people
Bruce J. Schanzer, President
Philip R. Mays, CFO
Revenue Increase $0.151 billion (2016)
Net income
Decrease $0.008 billion (2016)
Total assets Decrease $1.233 billion (2016)
Total equity Decrease $0.581 billion (2016)
Number of employees
70 (2016)
Website www.cedarrealtytrust.com

Cedar Realty Trust, Inc. is a publicly traded real estate investment trust that invests in shopping centers in the Mid-Atlantic states.

As of December 31, 2016, the company owned 61 properties containing 9.1 million square feet, including 26 properties in Pennsylvania.

The company's largest tenants are as follows:

The company was founded in 1984 as Cedar Shopping Centers.

In 2005, the company acquired a 27-property portfolio for $90 million and Columbia Mall for $14 million. It also acquired The Shops at Suffolk Downs.

In 2006, the company acquired Shaw's Plaza.

In 2009, RioCan Real Estate Investment Trust acquired a 15% stake in the company as part of a joint venture agreement.

In 2010, the company acquired a 20% interest in Exeter Commons. It also acquired 7 shopping centers from Pennsylvania Real Estate Investment Trust for $168 million. It also sold Gabriel Brothers Plaza for $4.5 million.

In 2011, the company changed its name to Cedar Realty Trust. It also sold 5 sites in Ohio anchored by Discount Drug Mart.

In 2014, the company acquired Quartermaster Plaza in South Philadelphia for $92.3 million. It also sold Harbor Square for $25 million.

In 2015, the company acquired Lawndale Plaza in Philadelphia, Pennsylvania for $24.5 million.

In 2016, the company acquired East River Park Shopping Center for $39 million and The Shoppes at Arts District for $20.5 million.

In 2017, the company acquired Christina Crossing for $29.3 million.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2020 2020-10-28 Future report Set alerts
Q2 2020 2020-08-10 0.00 0.00
Q1 2020 2020-05-14 -0.06 -0.06
Q4 2019 2020-02-06 -0.15 -0.15
Q3 2019 2019-10-30 0.00 0.00
Q2 2019 2019-08-01 0.03 0.03
Q1 2019 2019-05-02 0.00 0.00
Q4 2018 2019-02-07 0.02 0.02
Q3 2018 2018-11-01 0.04 0.04
Q2 2018 2018-08-02 0.08 0.08

Ratings

2016-06-28 Downgrade Boenning Scattergood Neutral to Underperform $6.50
2016-05-10 Upgrade Wunderlich Hold to Buy $7.50 to $8.00
2015-12-18 Reiterated Rating Boenning Scattergood Neutral
2015-05-06 Lower Price Target Wunderlich Hold $8.00 to $7.00
2015-03-24 Initiated Coverage Robert W. Baird Neutral $8.00
2015-02-23 Set Price Target Wunderlich Hold $8.00
2015-02-20 Set Price Target MLV & Co. Buy $8.00
2015-02-09 Reiterated Rating Wunderlich Hold $7.00 to $8.00
2014-11-03 Reiterated Rating Wunderlich Hold $6.75 to $7.00
2014-10-29 Initiated MLV & Co Buy $8
2014-10-29 Initiated Coverage MLV & Co. Buy $8.00
2014-09-12 Upgrade KeyBanc Hold to Buy $7.50
2014-09-12 Upgrade KeyCorp Hold to Buy $7.50
2014-02-27 Downgrade Wunderlich Buy to Hold $7.00 to $6.75
2014-01-06 Downgrade Stifel Nicolaus Buy to Hold $7.00
2013-12-17 Downgrade Bank of America Neutral to Underperform $5.75
2013-10-04 Initiated Coverage Wunderlich Buy $6.75
2013-03-25 Upgrade Stifel Hold to Buy $6.75
2011-10-26 Reiterated Morgan Keegan Mkt Perform $5.75 to $3.50
2010-12-07 Initiated FBR Capital Outperform $7
2010-04-15 Downgrade KeyBanc Capital Mkts Buy to Hold
2010-01-12 Initiated Morgan Keegan Mkt Perform
2010-01-11 Upgrade KeyBanc Capital Mkts Hold to Buy
2009-10-26 Initiated KeyBanc Capital Mkts Hold
2008-09-22 Downgrade Stifel Nicolaus Buy to Hold
2008-08-01 Downgrade BMO Capital Markets Outperform to Market Perform
2008-06-17 Upgrade Stifel Nicolaus Hold to Buy $14
2008-03-13 Reiterated BMO Capital Markets Outperform $13 to $14
2008-01-23 Upgrade BMO Capital Markets Market Perform to Outperform
2007-06-11 Downgrade Stifel Nicolaus Buy to Hold
2007-03-30 Initiated Banc of America Sec Neutral $16
2007-02-02 Initiated Citigroup Hold
2016-06-28 Downgrade Boenning Scattergood Neutral to Underperform $6.50
2016-05-10 Upgrade Wunderlich Hold to Buy $7.50 to $8.00
2015-12-18 Reiterated Rating Boenning Scattergood Neutral
2015-05-06 Lower Price Target Wunderlich Hold $8.00 to $7.00
2015-03-24 Initiated Coverage Robert W. Baird Neutral $8.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In CDR 0 funds of 2183 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks
ULLMAN LEO S President & CEO 1.23%  (973535) CDR /
Zeigler Robin McBride Chief Operating Officer 0.62%  (493275) CDR /
Mays Philip Chief Financial Officer 0.59%  (469992) CDR /
RICHEY THOMAS B Vice President 0.42%  (330498) CDR /
WALKER BRENDA J Vice President 0.39%  (306001) CDR /
Mozzachio Nancy Vice President 0.37%  (293142) CDR /
KREIDER LAWRENCE E CFO 0.30%  (235809) CDR /
CEDAR REALTY TRUST, INC. Chief Financial Officer 0.29%  (230902) CDR /
WIDMANN ROGER M 0.15%  (120475) CDR / PXR / SMP /
WIDOWSKI STUART H Vice President 0.13%  (101416) CDR /
HOOTKIN PAMELA N 0.11%  (89744) CDR /
KIRK PAUL G JR 0.11%  (86425) CDR / HIG /
Homburg Richard 0.11%  (83577) CDR /
BURNS JAMES J 0.10%  (79189) CDR / OLP /
MILLER EVERETT B III 0.10%  (76375) CDR /
Eisenstat Abraham 0.09%  (72092) CDR /
Schanzer Bruce J President and CEO 0.05%  (37664) CDR /
Yarmak Joel Chief Administrative Officer 0.05%  (37299) CDR /
ROGERS STEVEN G 0.03%  (26345) CDR /
Gonsalves Gregg A 0.02%  (18955) CDR /

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