Cedar Realty Trust (CDR) Misses Q4 EPS

Cedar Realty Trust (NYSE: CDR) reported Q4 EPS of ($0.15), $0.15 worse than the analyst estimate of $0.00.

• Operating Funds from operations (FFO) of $0.11 per diluted share for the quarter and $0.45 for the year

• NAREIT-defined FFO of $0.12 per diluted share for the quarter and $0.46 for the year

• Same-property net operating income (NOI) increased 0.1% for the quarter and 0.3% for the year

• Signed 41 new and renewal leases for 297,100 square feet in the quarter and 162 new and renewal leases for 1,742,100 square feet for the year

• Comparable cash-basis lease spreads of 1.7% for the quarter and 2.1% for the year

• Both total portfolio and same-property portfolio 93.2% leased at year-end

For earnings history and earnings-related data on Cedar Realty Trust (CDR) click here.

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