Cedar Realty Trust (CDR) Tops Q2 FFO by 11c

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Go back to Cedar Realty Trust (CDR) Tops Q2 FFO by 11c

Cedar Realty Trust Reports Second Quarter 2015 Results

August 6, 2015 4:01 PM EDT

PORT WASHINGTON, N.Y., Aug. 6, 2015 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR) today reported results for the second quarter ended June 30, 2015.

Operating Highlights

Operating funds from operations (Operating FFO) of $0.14 per diluted share Same-property net operating income (NOI) increased 3.2% including redevelopments and 2.2% excluding redevelopments Signed 44 new and renewal leases for 182,100 square feet Comparable cash-basis lease spreads of 7.7% Total portfolio 93.2% leased and same-property portfolio 93.3% leased at quarter-end Raised low end of 2015 Operating FFO guidance to a new range of... More