Cedar Realty Trust (CDR) Tops Q1 FFO by 1c

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Go back to Cedar Realty Trust (CDR) Tops Q1 FFO by 1c

Cedar Realty Trust Reports First Quarter 2015 Results

May 5, 2015 4:01 PM EDT

PORT WASHINGTON, N.Y., May 5, 2015 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR) today reported results for the first quarter ended March 31, 2015.

Operating Highlights

Operating funds from operations (Operating FFO) of $0.13 per diluted share Same-property net operating income (NOI) increased 2.0% including redevelopments and 1.2% excluding redevelopments Signed 33 new and renewal leases for 312,900 square feet Comparable cash-basis lease spreads of 8.3% Total portfolio 93.1% leased and same-property portfolio 93.7% leased at quarter-end

Summary of Previously-Announced Activities

On January 12, 2015, the Company issued 5.75 million... More