Cedar Realty Trust (CDR) Q2 FFO of $0.14

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Go back to Cedar Realty Trust (CDR) Q2 FFO of $0.14

Cedar Realty Trust Reports Second Quarter 2016 Results

August 4, 2016 4:01 PM EDT

PORT WASHINGTON, N.Y., Aug. 4, 2016 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR the "Company") today reported results for the second quarter ended June 30, 2016. Net income attributable to common shareholders was $0.01 per diluted share compared with $0.02 per diluted share for the comparable 2015 period. Other highlights include:

Highlights

NAREIT-defined funds from operations (FFO) of $0.14 per diluted share Operating funds from operations (Operating FFO) of $0.15 per diluted share Same-property net operating income (NOI) increased 1.5% Signed 33 new and renewal leases for 137,800 square feet Comparable cash-basis lease spreads of 8.4% Total portfolio 91.2% leased and... More