Cedar Realty Trust (CDR) Tops Q1 EPS by 22c

Cedar Realty Trust (NYSE: CDR) reported Q1 EPS of $0.12, $0.22 better than the analyst estimate of ($0.10).

• Operating Funds from operations (FFO) of $0.62 per diluted share for the quarter
• NAREIT-defined FFO of $0.62 per diluted share for the quarter
• Collected 95.7% of base rents and monthly charges for the quarter and 96.7% for the month of April
• Same-property net operating income (NOI) decreased 5.1% for the quarter
• Signed 31 new and renewal leases for 268,000 square feet in the quarter
• Comparable cash-basis lease spreads of 1.4% for the quarter

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

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