Cedar Realty Trust (CDR) Tops Q1 FFO by 10c; Narrows FFO Outlook
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Go back to Cedar Realty Trust (CDR) Tops Q1 FFO by 10c; Narrows FFO Outlook
May 5, 2016 4:01 PM EDT
PORT WASHINGTON, N.Y., May 5, 2016 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR) today reported results for the first quarter ended March 31, 2016.
Highlights
Operating funds from operations (Operating FFO) of $0.14 per diluted share
Same-property net operating income (NOI) increased 1.3%
Signed 64 new and renewal leases for 345,900 square feet
Comparable cash-basis lease spreads of 8.7%
Total portfolio 91.6% leased and same-property portfolio 92.0% leased at quarter-end
On February 11, 2016, the Company sold Liberty Marketplace located in Dubois, Pennsylvania for $15.0 million
On February 25, 2016, the Company acquired Shoppes at...
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May 5, 2016 9:41 AM EDT
PORT WASHINGTON, N.Y., May 5, 2016 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR) announced today that it closed on the acquisition of Glenwood Village in Bloomfield, NJ. The 64,000 square foot, newly constructed, mixed-use property was acquired unencumbered for $19.5 million.
Glenwood Village, anchored by a Foodtown Supermarket on the retail level, features upper... More
